National

Turnbridge Equities is pursuing permission from the City of Raleigh to build a 20-story tower and single-story retail building near Nash Square. The development will have 220 residential units, 20,984 square feet of retail space and a parking deck.   The Triangle Business Journal reports that plans show the 20-story building will have 160 one-bedroom units, 58 two-bedroom …

NexMetro Communities is opening its first of many Avilla Homes built-to-rent community in the greater Atlanta market. Avilla Holloway, a new, 136-home cottage-style luxury rental community, opens this month on 14 acres at 700 Cynthia Court, located in the city of Stockbridge. The gated neighborhood features single-level, mostly detached homes designed to offer residents more …

The HYM Investment Group LLC and the City of Revere held the official grand opening of The Amp at Suffolk Downs, a 600-person-capacity outdoor amphitheater and open space located at 125 Salt St. in Revere, MA. The Amp marks a milestone in the 161-acre Suffolk Downs redevelopment, as one of the first permanent parks and public spaces to be delivered. …

The Massachusetts House of Representatives has voted to approve a bill that would allow churches, synagogues and other religious institutions to build housing on their property. Known as Yes in God’s Back Yard (YIGBY), the measure passed as part of a $561-million economic development and competitiveness bond bill. It needs to be approved by the …

EVP John Bosko of NAI Capital Commercial’s Investment Services Group represented Orange County Music & Dance (OCMD) in the acquisition of a 24,670-square-foot educational facility located at 17872 Cowan in Irvine. The property sold for $10,800,000, or $438 per square foot. Located near OCMD’s existing Fitch Campus at 17620 Fitch, the acquisition will effectively double the nonprofit performing …

Dwight Mortgage Trust, the affiliate REIT of Dwight Capital, has provided a $183-million construction loan for a 530-unit luxury multifamily community in Gilroy, marking the largest construction financing in Dwight’s history. The loan was originated by managing director Keith Hoffman and originator Elliot Haft on behalf of developer Ten South Construction. Located at 315 Las Animas Ave., the property will comprise four mid-rise …

Marcus & Millichap announced the sale of a LA Fitness-anchored, four-suite retail property in Mundelein, Illinois. The property sold for $13.976 millkion. Marcus & Millichap Capital Corporation, a subsidiary of Marcus & Millichap, arranged $9.78 million in acquisition financing. “The Sharko | Weisenbeck | Mendoza Group was the second broker to list this deal, speaking …

Colliers announced the sale of a six-building industrial portfolio totaling 954,072 square feet located throughout the Northwest, Northeast and Southwest submarkets of the Indianapolis metropolitan area. The portfolio includes properties at 7555 Woodland Drive, 7645 Woodland Drive, 5350 Lakeview Parkway and 7601 Winton Drive in Indianapolis, as well as 12001 Exit 5 Parkway in Fishers …

JPI has broken ground on a $103.2 million, 415-unit multifamily development in Denton, Texas.  Located at 3855 Hudsonwood Road, Jefferson Quail Creek marks the company’s fifth construction close in Texas and third workforce community this calendar year. The community also marks the company’s second partnership with the Denton Housing Authority in 2025. JPI recently broke ground on Jefferson Bonnie Brae, …

Ytech secured $565 million in construction financing from J.P. Morgan (NYSE: JPM) and Sculptor Real Estate for The Residences at 1428 Brickell, a 70-story residential condominium tower already under active construction and more than 60 percent sold. J.P. Morgan provided financing as the senior lender, with Sculptor Real Estate as the junior lender for the development. Melissa Rose and Brian …

Blake Investment Partners and Related Group have agreed to pay the city of St. Petersburg $275 million for the rights to build an expansive mixed-use project on city-owned land. The two were the winning bidders for the 58 acres in the Historic Gas Plant District. Dubbed The Burg Bid, the team’s proposal includes a mix …

PGIM has had a hold on The Ponce, a two-building office complex in Coral Gables for nearly 20 years. The property recently sold for $97.8 million. Intalex Capital, Itero Investments and Greenwall Capital were the buyers of the 348,473-square-foot property. The tower at 2525 Ponce de Leon Blvd. totals 254,803 square feet and rises 12 …

Artificial intelligence infrastructure startup Nscale Global Holdings has closed a $900-million revolving credit facility to accelerate its AI data center build-out and capital deployment across the U.S., Europe and Asia Pacific The facility was syndicated across a group of banks including J.P. Morgan, Goldman Sachs, Morgan Stanley, MUFG, RBC Capital Markets, Bank of America, Crédit …

Accounting giant PwC has agreed to lease approximately 350,000 square feet at One Eden, a redevelopment of an office property currently known as 33 Canada Square at CWG’s Canary Wharf mixed-use complex in London. Currently occupied by Citigroup’s EMEA headquarters, the space will be redeveloped in advance of PwC’s arrival. The new space will address …

Artificial intelligence companies’ demand for office space has increased 85% year-over-year, VTS reported. The firm’s first-ever report on the AI sector found that demand across the industry’s largest AI hubs has grown 179%, concentrating on a small number of submarkets at a speed and intensity that metro-level vacancy statistics haven’t reflected yet. The surge in demand occurs …

Congress created the Opportunity Zone program as part of the Tax Cuts and Jobs Act of 2017. The initial Qualified Opportunity Zone (QOZ) program offered tax incentives to investors who invested capital gains from the sale of assets into a Qualified Opportunity Fund (QOF). The fund would then put that money toward improving designated economically …

Aspen Hospitality, a division of Aspen One, said it will build the first and only hotel in Rockefeller Center as part of its launch of Nell Hotels, a new luxury brand. The Nell New York is set to open in fall 2027 and will be New York City’s only Relais & Chateaux property,  Representing an investment of more than …

Rockpoint, a Boston-based real estate private equity firm, and Urby, a hospitality-driven multifamily developer, formed a joint venture to acquire land and develop a multifamily residential tower on the Jersey City waterfront. Urby will co-manage construction and development, and also oversee property management and leasing alongside Rockhill, Rockpoint’s property services affiliate. The 69-story building, to …

Target has regained its luster. After a few years of declining sales, the company is on the rebound and is opening 300 new US stores by 2035. The Staenberg Group has announced that Target will open a new 128,000-square-foot store that will anchor Firestone City Centre, a 140-acre mixed-use development located in Firestone, roughly 30 …

Dimension Financial Realty and Investments hopes to add its footprint to burgeoning North Phoenix. The Phoenix Business Journal reports the company is proposing a new three-building spec industrial park with a 62,268-square-foot building, a 152,899-square-foot building and a 237,735-square-foot building. The more than 40-acre project site is located at the southwest corner of I-17 and …

A new interpretation of Tacoma’s zoning code clarifies that stand-alone data centers cannot be permitted under current regulations. In a joint statement released this week, Tacoma City Councilmember Latasha Palmer and Olgy Diaz said local communities have raised concerns about the rapid development of stand-alone data centers, citing potential impacts and increased utility costs. “Many communities across …

Echodyne, a radar-platform company, has opened a new $40 million manufacturing facility designed to meet growing demand for its drone-detection and airspace-monitoring systems. Headquartered in Kirkland, Echodyne established the 86,350-square-foot manufacturing and operations hub in nearby Woodinville, Washington. The facility will eventually be able to produce more than 2,500 radars per month — roughly 30,000 …

Lovett Industrial is spending $40 million on two Houston industrial buildings along the Eastex Freeway. One of the buildings will be 645,000 square feet, the other 145,000 square feet. The buildings will be at 16517 and 16455 Eastex Freeway. Both buildings are scheduled to break ground in September and wrap up construction a year later. …

MTU Aero Engines AG recently opened its refurbished 462,000-square-foot building at 2100 Eagle Parkway in AllianceTexas, Hillwood’s 27,000-acre master-planned development in north Fort Worth. There are currently 200 employees. The company expects to hire another 1,200.   MTU signed a 30-year lease with the city of Fort Worth and relocated to the site in 2023. The building used to …

Oak Row Equities and Mariposa Real Estate claim to have completed the largest single land acquisition in Florida. The joint venture closed on the $520 million purchase of Aimco’s 4.25-acre waterfront parcel—located at 1001 and 1111 Brickell Bay Drive—with 485 feet of continuous Biscayne Bay frontage. The Brickell assemblage includes The Yacht Club Apartments and the …

JLL completed a 6,576-square-foot lease in the Shockoe Slip district of Richmond, Virginia. Sandbox, a Richmond-based consulting firm and provider of fractional finance and accounting, HR, business operations and recruiting services, will occupy the ground-floor space at 1401 E. Cary Street as its new headquarters this month. Originally constructed in 1870, 1401 E. Cary Street …

Washington, D.C.’s office market saw renewed leasing momentum in Q2, led by several large law firm transactions after a slower start to the year, according to a recent report by Colliers. While vacancy remains elevated, a lack of new deliveries, continued inventory reduction through demolitions and conversions, and rising rental rates point to a market …