National

DUMAC, the investment division at Duke University, purchased Erwin Square Plaza for $30 million. The seller, Lionstone Investments, paid $57 million for the property in 2015, the last time it sold. It was built in 1989. Duke University is the anchor tenant, occupying 80% of the 238,792-square-foot building. The Triangle Business Journal reports the building is …

Clark Ventures has sold Bricks at Perimeter Center for $120 million. Clark paid $69.5 million for the 446-unit, garden-style apartment community in Atlanta’s Perimeter Center submarket in 2016. The new owner, who was not disclosed, plans to revamp nearly all of the rooms in the complex, which Gables Residential built in 2007. The company plans …

The CBRE team of Jeff Dunne, Steve Bardsley and Travis Langer in collaboration with Matthew O’Hare of CBRE’s New Haven office completed the $10-million sale of 260-284 Quarry Rd. in Milford, CT. CBRE represented the seller, LM Quarry Road II, LLC, an entity managed by LM Real Estate Partners. CBRE also procured the buyer, Albany …

Fidelity Investments is planning to move its cryptocurrency and digital assets subsidiary to a new Boston address, reported the Boston Business Journal. Fidelity Digital Assets filed last month with the federal Office of the Comptroller of the Currency to move its headquarters to the newly redeveloped space at Commonwealth Pier, at 200 Seaport Blvd. Its current …

Continuing the execution of a breakup strategy at Lakewood Center in Lakewood, Faris Lee Investments has closed a $37.3- million sale consisting of 97,319 square feet of retail, featuring Burlington, 24 HR Fitness and Bank of America. This is the second large portion of Lakewood Center that Faris Lee has sold this year- culminating in …

Newmark arranged the $130-million sale of the 222,073-square-foot NorthBay Health Medical Outpatient Building Collection, compromised of six fully leased healthcare assets across Fairfield and Vacaville. Co-heads of U.S. Medical Office Capital Markets Ben Appel, Justin Shepherd and Jay Miele, head of healthcare debt John Nero, senior managing director Michael Greeley and associate director Ron Ott …

Cushman & Wakefield has brokered the $4.4 million sale of the former City of O’Fallon Public Works facility located at 1001-1051 Industry Drive in O’Fallon, Missouri. The 37,002-square-foot industrial property, situated on 5.57 acres, previously served as the City of O’Fallon’s public works operations center. The sale follows the city’s relocation to a newly completed …

CBRE has arranged the $8.05 million sale of Liberty Office Park, a 76,501-square-foot flex industrial property located at 7102-7116 Office Park Drive in West Chester, Ohio. Boulder Properties LLC purchased the property from Wang Brothers Investments LLC. CBRE’s Will Roberts, Steve Timmel and Beau Nimer represented the seller, Wang Brothers Investments LLC, in the transaction. …

MetLife Investment Management (MIM) and Cushman & Wakefield rebranded the 47-story, 780,000-square-foot office tower as The Metropolitan Miami, located at 333 S.E. 2nd Ave. Following a multimillion-dollar enhancement, the property is being reintroduced to the market. The forward-facing renovation program includes modernized lobby finishes, upgraded lighting, enhanced common areas and exterior landscape improvements. Formerly known …

BTI Partners and Bridge Investment Group closed on $109 million in financing for the Bread Building, a multifamily property located in downtown Hollywood, Florida. Cushman & Wakefield arranged, and Greystone provided the Freddie Mac loan for the transaction on behalf of borrowers, BTI Partners and Bridge Investment Group. Cushman & Wakefield’s Equity, Debt & Structured Finance …

Brookfield has opened a Doha office, anchored by its global credit platform including the recently acquired Oaktree. The Qatar News Agency reported that the move builds on Brookfield’s existing investments and partnerships in Qatar, notably its planned $20-billion joint venture with Qai, the artificial intelligence subsidiary of the Qatar Investment Authority, to develop AI infrastructure …

Northmarq’s Pacific Northwest Investment Sales team, led by Sean Tufts, Kevin Adatto, Joe Dugoni, and Jack Hallberg, completed the $19 million sale of Canyon Ridge Plaza, an 86,909-square-foot multi-tenant retail community center located at 26015 104th Ave. SE in Kent, Washington. The property was acquired by Kimco Realty. “Shopping centers continue to be one of …

Rental housing affordability declined in 82% of U.S. metropolitan areas between 2014 and 2023, with renters experiencing the equivalent of an average $256 annual reduction in income after accounting for changes in housing quality. That’s according to a new report released Tuesday by the Mortgage Bankers Association’s Research Institute for Housing America. The report, Housing …

The five metro areas spotlighted by Placer.ai are located in five different regions of the U.S., but all have consumer momentum in common. Their populations increased by more than the average U.S. metro between 2024 and 2025, and their year-over-year retail and dining traffic trends outpace the nationwide average, Placer.ai says in its 5 Markets …

Empire State Realty Trust, Inc. (ESRT) has signed Octaura Holdings LLC, an electronic trading, data & analytics provider, to a 28,914-square-foot office space on the entire 17th floor at 111 W. 33rd St. Lease terms were not disclosed. “111 W. 33rd St. offers a workplace that supports companies with employee recruitment, retention and productivity,” said …

JLL and NAI James E. Hanson arranged the $68.5-million sale of an industrial outdoor storage (IOS) portfolio located at 2120 McCarter Hwy. in Newark and 76 Central Ave. in Kearny, NJ. JLL also arranged $52.2 million in acquisition financing for the 14.97-acre portfolio on behalf of the buyer, Outpost. NAI Hanson senior managing directors Jordan …

Gantry secured $27.9 million in structured financing for the acquisition of Tubac Golf Resort & Spa, located in Tubac, Ariz. The AAA Four Diamond resort sits on more than 500 acres of the historic Otero Ranch, about 45 miles south of Tucson with ready access to I-19. It features 98 rooms and suites, including 17 …

RED Development inked a $69.3 million refinancing for The Offices at The Grove, a 185,536-square-foot Class AA office building in Phoenix. JLL’s Debt Advisory team led by Kevin MacKenzie, Jason Carlos and Frank Choumas represented RED Development in placing the five-year, fixed-rate loan with PGIM’s real estate investment group. The financing collateral consisted of the office …

Martin Selig Real Estate has completed loan modifications totaling nearly $500 million for 12 Seattle office buildings. Newmark leases the portfolio, with a team led by Executive Managing Directors Cavan O’Keefe and Jesse Ottele and Director Brody O’Keefe, working with Martin Selig Real Estate’s Leasing Director Michael Brixner. “These modifications send a clear signal to …

Ponderay Apartments, a 40-unit multifamily property located at 5625 15th Ave NE in Seattle’s University District, sold for $6.26 million, equating to $156,625 per unit. Built in 1963, the property totals 21,540 square feet and consists of 22 one-bedroom units and 18 studio apartments. The studios average 478 square feet, while the one-bedroom units average …

Retail follows rooftops, and Lowe’s is responding. Willis, Texas, in Montgomery County, has only 7,000 residents, but Lowe’s reports that more than 2,700 new homes are planned in the greater Montgomery County area. Lowe’s of Willis includes roughly 95,000 square feet of retail space plus 26,000 square feet of outdoor garden area. It is Lowe’s fifth …

Adkisson and PCCP were buyers in what is being touted as the largest known industrial campus sale ever in greater Houston by square footage and acreage. Stream Realty Partners brokered the sale of Northwoods Industrial Park, a 2.7-million-square-foot, 64-building industrial campus in Northwest Houston. Texas Development Company was the seller. Located at 11919 FM 529, …

Stream Realty Partners has expanded its construction and project management capabilities into Richmond, Virginia, with the appointment of Stephen Jayjock as Managing Director of Construction Management. The strategic expansion strengthens Stream’s presence in the Commonwealth and extends its ability to serve occupiers, owners, and investors throughout Central Virginia. In his new role, Jayjock will lead the …

Glenmark Pharmaceuticals recently celebrated the ribbon-cutting of its new 160,000-square-foot distribution facility in Upper Macungie Township, Pennysylvania, marking the company’s largest distribution center in North America. Located on a 6.5-acre campus, the facility is the company’s sole U.S. distribution hub. The center’s 45 employees support operations, quality and administration, supporting the shipment of prescription and …