National

Construction is underway on a new shopping center backed by public funding. The development will be anchored by a 50,325-square-foot Publix grocery store, and it will also feature an 11,200-square-foot retail building for multiple tenants. The Atlanta Business Chronicle reports the $28.9 million project will take shape at Glenwood and Candler roads. Approximately 2,000 square feet of affordable retail …

Town leaders often don’t come out for the groundbreaking of a convenience store or gas station, but if it’s a Buc-ee’s, that’s a different story. Over a dozen politicians and public officials attended the big day in Mebane, marking the construction of the state’s first Buc-ee’s. The 30-acre property will include a 74,000-square-foot facility with …

Jeffrey Dunne, David Gavin and Travis Langer of CBRE’s National Retail Partners represented DLC and Acadia Realty Trust in the sale of Tri-City Plaza in Vernon, CT for $62.5 million. The team also procured the buyer, East Coast Acquisitions. Tri City Plaza is a 295,817-square-foot, ShopRite-anchored center situated directly off I-84. The center is 96% …

The Healey-Driscoll Administration has released an Offering Memorandum (OM) for the reimagining and redevelopment of the Erich Lindemann Mental Health Center and the Charles F. Hurley Building located at the Boston Government Services Center located in Boston’s West End. The OM reflects the administration’s shift from redeveloping the 6.5-acre site for office and lab use to creating new housing instead. “This site represents one of the most significant housing development opportunities in Boston,” …

Marcus & Millichap closed the sale of The Versailles Apartments, a five-story, 78-unit multifamily asset at 8811 Burton Way in Los Angeles. The property sold for $47 million, or $602,564 per unit. Tony Azzi and Rabbie Banafsheha of the Azzi Group of Marcus & Millichap represented the seller and procured the buyer. Azzi said, “On the market …

CenterCal Properties, LLC acquired Mira Mesa Market, a 249,225-square-foot retail property at 10463-10789 Westview Pkwy. in San Diego, for an undisclosed sum. The transaction adds to CenterCal’s growing portfolio of retail properties across the western U.S. Located at the southeast corner of Mira Mesa Boulevard and Westview Parkway just off Interstate 15, the property sits …

Lee & Associates has closed a new lease transaction for a 100,800-square-foot industrial building located at 1215 101st Street in Woodridge, Illinois.  Jeff Galante, SIOR and Jeff Janda, SIOR, principals at Lee & Associates’ Illinois office, represented the owner, Rediehs & Rediehs LLC.  The building was leased by Secure Source America LLC, a manufacturing company. …

Chicago-based Mary Cook Associates, a national, award-winning commercial interior architecture and design firm, today announced that Senior Vice President Josh Kassing has been named managing principal. The strategic leadership transition positions the company for continued innovation and growth with Kassing’s frontrunning capabilities that operate in tandem with Founder and CEO Mary Cook and the senior …

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 …

CBRE arranged the sale and financing of Coconut Creek Plaza, a 122,474-square-foot retail shopping center located at 5233-5289 Coconut Creek Parkway in Margate, Florida. The property sold for $21.5 million. The South Florida Business Journal reports it last traded for $12.3 million in 2015. CBRE’s Benjamin Silver and Kelley Greenstein represented the seller, Alliance XVI and secured CEMC Holdings …

A consortium led by KKR, the Kuwait Investment Authority, NVIDIA and Vistra have launched Helix Digital Infrastructure, a new company designed to address growing demand for integrated AI infrastructure solutions by combining data center, power and connectivity development under a single platform.  Helix launches with more than $10 billion in capital commitments from its founding investors and will …

Tishman Speyer reached the first close on its Korea Living Venture (KLV), securing US$300 million in third-party equity commitments from two blue-chip European pension funds for a new fund dedicated to acquiring, repositioning and developing multifamily and accommodation properties throughout Seoul. The commitments from APG Asset Management N.V. and Bouwinvest provide a strong foundation for …

Plenty has been written about how energy price shocks and oil scarcity are impacting commercial real estate. Higher oil prices are impacting everything from CRE asset valuations to construction to overall macroeconomics (including inflation). A recent CBRE article said that another commercial real estate category is also affected: Occupiers. Increasing energy costs are impacting building …

A Marcus & Millichap video examines how inflation and energy prices might impact hotels this summer The Bank of America Institute’s “Summer Travel 2026” outlook indicated that summer plans are continuing despite higher oil and gas prices. Thirty percent of respondents said that higher gas prices won’t change travel plans, while others might take fewer …

Atlantic Capital Partners closed the $31-million sale of 893 Broadway, a boutique office and retail building located in Manhattan’s Flatiron District. Situated at the intersection of Broadway and East 19th Street near Union Square Park, Madison Square Park and the Flatiron Building, 893 Broadway presented an opportunity to acquire a recently renovated, fully leased asset …

Quarterra Multifamily has sold Residences Kierland, a 290-unit community in Scottsdale, to MacNaughton.  MultihousingNews reports that Nationwide issued a $90 million, five-year loan to McNaughton for the transaction. This is the first time the property traded. Located at 15825 N. 71st St., the property came online in 2023 on roughly 4 acres. It sits next …

Hinkson Co. has secured a $30 million refinancing loan for Casa Grande Mall, a 221,328-square-foot retail asset in Casa Grande, Ariz. Natixis issued the funds. Casa Grande is between Phoenix and Tucson on I-10. Commercial Search reports the owner acquired the then-vacant property in 2024 for $7.7 million. Following the deal, Hinkson implemented a renovation …

Lee & Associates Pacific Northwest has appointed Scott Hutchinson as president. Hutchinson joins Lee & Associates from Glacier Development Company and Schuchart Hutchinson, where he serves as president. Hutchinson is a well-regarded figure in both the regional commercial real estate community and the broader philanthropic landscape. In his new role, he will oversee the day-to-day …

CBRE has completed the sale of Quay Bainbridge, a 70-unit multifamily community located at 250 Shannon Dr SE on Bainbridge Island, Washington, for $16.8 million. CBRE’s Mark Zoffel and Natalie Kasper represented the seller, Quay Bainbridge LLC. “That demand and our proven process translated directly to the sale price — the property listed at $15M …

There’s just no stopping Texas. Rayburn Electric Cooperative broke ground on Rayburn Energy Station II (RES II), a $685 million, 570-megawatt natural gas generation facility that will strengthen reliability for more than 625,000 Texans served by Rayburn’s four Member cooperatives across North Texas. Located adjacent to Rayburn Energy Station I (RES I) in Sherman, RES II will provide firm, dispatchable generation during periods of …

Rosewood Property Company is now leasing the third phase of The Tobin Estate Apartments, completing a project that totaled 956 unit across 44 acres. The project was launched in 2016. Located at 3310 Oakwell Court, the third phase spans 10 acres and introduces 359 new apartment homes to the community. Residences range from 570 square feet …

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 …

Colliers announced the $12.8 million sale of Milford Landing Plaza, a retail center at 102 Milford Landing Drive in Milford, Pennsylvania. The transaction was completed on behalf of a special-purpose entity affiliated with CenterPoint Properties, and the asset was purchased by Pump Place, LLC. The Colliers team representing the seller included Senior Vice President Jeff …

Avison Young announced that Jarret Horst has joined the firm as a principal, project management lead, for national healthcare and the Mid-Atlantic region. In this dual role, Horst will focus on strengthening and expanding the firm’s project management service line across the Mid-Atlantic region while advancing its national healthcare project management platform. He will play …