National

Manova Partners acquired Spartanburg 221, a 1,020,195-square-foot Class A+ logistics facility at 2536 Chesnee Highway in Spartanburg, S.C.  The facility, completed in 2024, is 100% leased on a long-term, NNN basis to a single tenant, and the lease is backed by a guarantee from AA corporate credit. ESFM (Compass Group USA), which provides integrated facilities management and …

GBT Realty Corporation (GBT Realty) unveiled its plans for The Crossroads of Gallatin, a nearly 300,000-square-foot retail development that will bring new shopping, dining and service amenities to Gallatin, Tenn., approximately 30 miles northeast of Nashville.  GBT adds that when complete, The Crossroads of Gallatin will be the largest shopping destination constructed in the Nashville …

MassDevelopment issued a $7,760,000 tax-exempt bond on behalf of 207 E Street LLC, an affiliate of South Boston Neighborhood Development Corporation, to convert the vacant former St. Augustine’s convent at 207 E St. in South Boston into seniors housing. Eastern Bank purchased the tax-exempt bond, which helped the organization achieve a lower cost of capital. …

The Chiofaro Company, in partnership with PGIM Real Estate, announced that more than 500,000 square feet of office space has been leased at International Place over a 12-month period.  With a weighted average lease term exceeding 10 years, the activity signals both a sustained confidence in the value of the workplace and a strong commitment from …

Colliers has launched the marketing of the senior loan secured by EY Plaza, the 41-story, 968,745-square-foot office tower at 725 S. Figueroa St. in Downtown Los Angeles, on behalf of the lender. The loan is held in a single-asset, single-borrower securitization, and the property is operated under a court-appointed receiver. Offers are due in October. …

Seefried Industrial Properties announced that demolition is complete, and construction is progressing on a new three-building, 520,000-square-foot industrial development in Des Plaines, Illinois. The project is a redevelopment of approximately 35 acres at the Northeast corner of Algonquin Road and Mount Prospect Road in the O’Hare submarket. It will transform three functionally obsolete office buildings …

Gantry has secured a total of $50.75 million in two permanent loans to refinance post-construction bridge debt for a pair of recently repositioned and comprehensively renovated apartment communities in Kansas City. Now stabilized, both assets offer modern finishes and upgraded common areas, with studio, one-, two-, and three-bedroom floor plans. The 222-unit Palisades Apartments is …

Time Equities, Inc launched a $95.3 million tenant-in-common (“TIC”) investment offering for OCTAVIA, an eight-story, 465-unit Class A multifamily community under construction in downtown Boynton Beach, Florida.   Having broken ground in September 2026, the development features 6,500 square feet of retail space, a 1,005-space parking garage, and approximately 50,000 square feet of private amenities.  The …

Realty Income Corporation and KKR have formed a euro-denominated joint venture that is expected to own a diversified portfolio of existing European net lease real estate assets contributed by Realty Income, spanning four markets and a broad mix of industries and tenants. Capital accounts advised by KKR intend to make an initial investment of €528 …

Ares Management Corporation has reached the final close of Japan Logistics Development Partners V LP, the latest vintage in its Japan-focused logistics real estate development fund series. Raising ¥612 billion (approximately US$4 billion), including LP equity commitments and GP commitment, JDP V closed at its hard cap and is nearly 50% larger than its predecessor …

U.S. construction market data tells two stories. New construction starts fell 20% month over month in June, on the heels of a 33.5% gain in May. The surge was attributed to large projects within healthcare, manufacturing, utilities and data centers, according to a recent Cushman & Wakefield report. At the same time, “construction activity remains …

The U.S. labor market is sending mixed signals. According to Marcus & Millichap, 162,000 jobs were added in August, with June and July numbers revised upward by a combined 55,000. Approximately 80% of August’s net job gains were primarily in food services, local government and health care. At the same time, hiring remains sluggish, and …

Transparency in commercial real estate has typically been considered a measure of market maturity. However, “as disruption and complexity become increasingly embedded in the global economy, transparency has become critical, shifting from a measure of market maturity to a critical prerequisite for capital deployment,” said Matthew McAuley, senior director of market intelligence and strategy at …

Tishman Speyer announced that Fifth Third Bank has expanded its offices at 50 Rockefeller Plaza at Rockefeller Center, increasing its footprint at the building to 32,347 square feet. Fifth Third Bank first leased space at Rockefeller Center in October 2022 and has now expanded by nearly 11,000 square feet. The expansion is coterminous with the …

SCHEELS announced this week that it is building a 300,000-square-foot store in Littleton. The store is planned as an anchor retailer alongside Costco at the new Mineral Place development. The flagship sporting goods store spans over 80 specialty shops under one roof, including golf, baseball and softball, archery, bicycles, ski equipment and fishing gear. And yes, …

A still-unbranded 150-room hotel will be included in plans to reposition the FlatIron Crossing regional mall in Broomfield. Besides the hotel, the updated mall will feature 90,000 square feet of retail, dining and entertainment space, along with 347 apartments, when it’s complete. Broomfield is just north of Denver. The Denver Business Journal reports Macerich, the …

Sanctuary, a Puget Sound performance, recovery and social club, announced plans to open a new Seattle location in Spring 2027 in the Metropolitan Park North building at 1827 Yale Ave in Seattle’s Denny Triangle neighborhood. Sanctuary represents an approximately $8 million investment and will offer fitness and recovery services. The project team includes NAGELSport as …

CBRE announced the sale of West End District, a 424-unit multifamily community with approximately 34,000 square feet of ground-floor retail space located at 14700 SW Rocket St. in Beaverton, Oregon, for $85.25 million. CBRE’s Joe Nydahl and Josh McDonald represented the seller, Taylor Morrison, in the transaction. The buyer was Grand Peaks. “Closing West End …

Lake Park Plaza, a 50,511-square-foot multi-tenant retail center at 359 Lake Park Road in Lewisville, Texas, has traded hands. Phil Rosenfeld of Lee & Associates Dallas-Fort Worth represented the buyer, an affiliate of Lucrum Realty. While the sales price was not disclosed, the listed sale price for Lake Park Plaza was $7,250,000. Built in 1985, …

Colliers facilitated the lease of an 18,567-square-foot, newly renovated office space at 6550 Rock Spring Drive in Bethesda, Maryland, to the Grossberg Company. Colliers’ Nate Crowe and Katie Datin represented the landlord, Rock Spring Properties. Colliers partnered with Rock Spring Properties to deliver a workplace designed to attract and support tenants like the Grossberg Company, …

A 269-unit D.C. apartment building at 1499 Massachusetts Ave. NW was acquired by an affiliate of Goldman Sachs & Co. LLC for $147 million. The Goldman Sachs affiliate received a $70 million loan from the New York State Teachers’ Retirement System, reported by the Washington Business Journal. The property, located two blocks east of Scott …