National

Radnor Property Group and the Madrone Community Development Foundation have closed on financing needed for a $147 million, 305-unit, 793-bed student housing development in Atlanta. Multihousing News reports construction has begun, and the community is slated to be ready by fall of 2028 for students at Spelman and Morehouse colleges. The sale of approximately $146.8 …

Hines Global Income Trust acquired the Design Center of the Carolinas from Asana Partners for $170 million. Once the Nebel Knitting Mill, Asana bought the various components of the historic development and turned them into offices, retail spaces and restaurants. Commercial Search reports that the set of buildings was built in the 1920’s and converted …

E Ink, an originator, pioneer and global commercial leader in ePaper technology, broke ground on the expansion of its U.S. headquarters in Billerica, MA. The project expands the footprint at the company’s Billerica Innovation Center, which is home to 260-plus E Ink employees and serves as a key global R&D center. “Expanding our Billerica campus …

The Massachusetts Department of Transportation (MassDOT) on Friday released an Invitation to Bid for the redevelopment of approximately 20 acres of waterfront property along the Taunton River in Fall River. The site represents one of New England’s largest waterfront redevelopment opportunities directly adjacent to commuter rail. Created through the Route 79/Davol Street Corridor Improvements Project and located adjacent to the …

Marcus & Millichap announced that Deferred, the first and only technology-powered qualified intermediary transforming 1031 exchanges for everyday real estate investors, has joined Marcus & Millichap’s Preferred Partner Program as a provider of 1031 exchange solutions. The relationship is designed to provide Marcus & Millichap’s clients with streamlined access to qualified intermediary services and technology-enabled 1031 …

Breakthrough Properties and Tishman Speyer announced a joint investment in a $90-million mezzanine bridge loan for Aperture Del Mar, a newly constructed, 538,000-square-foot Class A life science campus in San Diego. The borrower, Gemdale USA, will use the proceeds to refinance an existing loan. The four-building lab and office campus in Del Mar Heights is fully …

Crews recently broke ground on a North Lawndale community, the Trumbull Collection, a group of nine market-rate three-flat apartment buildings. The $6.5 million project will replace eight vacant lots on the 1600 and 1800 blocks of S. Drake Ave. and S. Trumbull Ave. with 27 mid-density homes. The city-backed project is being led by Westside …

Woodside Health, an Ohio-based private equity firm specializing in healthcare real estate, has completed the sale of Cornerstone Plaza, a medical and retail property located in the Dallas-Fort Worth metropolitan area. Built in 2002, the property is strategically positioned in Southlake, Texas, and the asset is anchored by Cook Children’s. In addition to its healthcare …

Trilogy Real Estate Group has received a $64 million construction loan for the development of The Albion, a 325-unit apartment community being built in Valrico, Fla. The project, located 14 miles east of downtown Tampa, is slated for delivery in the fourth quarter of 2028. Multihousing News reports the financing is in the form of …

Merritt Properties acquired Center Point Business Park, an 11-building, 537,800-square-foot light industrial park in Jacksonville’s Butler Corridor. The deal is the first major transaction announced since the company secured a $750 million investment led by Centerbridge Partners to accelerate its long-term growth strategy. Merritt Properties acquired Center Point from Plymouth REIT. Royce Rose and Justin …

KKR and AEW Capital Management seek to sell commercial property holdings in China as global investors continue to retreat from the country’s prolonged real estate downturn, Bloomberg News reported. KKR is marketing nine properties across China, including a high-end apartment complex in suburban Beijing and a hotel on Shanghai’s historic Bund, while AEW is looking to …

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 …

Apartment market conditions tightened over the past three months, with conditions for debt and equity financing worsening while deal flow decreased, the National Multifamily Housing Council (NMHC) reported in its July Quarterly Survey of Apartment Market Conditions. However, rent growth and vacancies represented a bright spot. The Market Tightness Index (57) came in above the breakeven …

The June Consumer Price Index offered some good news: inflation dropped to 3.5%, driven by lower oil and gas prices. However, that state of affairs is unlikely to last, especially as tensions in the Middle East are heating up again, suggesting the U.S. isn’t free from the elevated inflation cycle just yet. In a recently …

The Trust for Gov­er­nors Island has released a Request for Expres­sions of Inter­est (RFEI) for the revi­tal­iza­tion of two his­toric build­ings on the Island, Build­ing 324 and Build­ing 330. The RFEI invites ideas from prospec­tive part­ners for the revi­tal­iza­tion of these his­toric assets, bring­ing them back into active, year-round use. The Trust seeks respons­es that pro­pose arts and cul­tur­al, recre­ation­al, or …

Greystone has provided a total of $91,851,000 in Fannie Mae loans to refinance and acquire three affordable housing communities located in New York. The financing was originated by senior managing director Eric Rosenstock and EVP Jeff Englund on behalf of Metropolitan Realty Group. The financing includes three affordable multifamily communities that will each undergo moderate …

It’s probably best known as The George. It was called that for over 100 years. Now called The Symes Buildings, the nearly 100,000 square foot building is up for sale. The Denver Business Journal reports the totally vacant building at 820 16th St. was listed for sale as a bank-owned foreclosure and redevelopment opportunity. The …

Keller Investment Properties will refinance a 13-property portfolio through a $718.5 million CMBS loan. Six are in Utah, four in Nevada and three in Arizona. Multihousing News reports that a Nomura affiliate will provide a two-year, floating-rate, interest-only loan. Approximately $696.3 million will refinance existing debt, while $22.2 million will cover closing costs and reserves. …

Bluhawk, a 277-acre master-planned development in Overland Park, Kansas, announced a new lineup of tenants led by outdoor lifestyle brand L.L.Bean. The lineup includes L.L.Bean, Spavia Day Spa, JETSET Pilates, Chicken Salad Chick, Brookside Barkery & Bath, Amorino, Everbowl and Bruú Café, with additional tenants to come. “Bluhawk continues to attract best-in-class brands that reflect …

A nine-unit apartment complex in Wenatchee, Washington, has sold for $1.85 million. Kidder Mathews Vice President Max Frame of the Simon Anderson Multifamily Team, based at the firm’s Seattle headquarters, represented the seller. Located at 475 N. Elliott Avenue, the 6,444-square-foot property was built in 2015 and includes eight residential units and one commercial space. …

The Williams Companies, a midstream energy giant based in Tulsa, finally bought the tower with its name on it. The Williams Companies acquired the 64-story, 1.4 million-square-foot tower at 2800 Post Oak Blvd. just south of The Galleria mall for $300 million. The Houston Business Journal reports that Williams’ involvement with its namesake tower began …

Stonelake Capital Partners broke ground on 2626 McKinney, its new 17-story office building on McKinney Avenue. The Dallas Business Journal reports the tower will have 173,774 square feet of office space along with 7,067 square feet of ground-floor retail space in Uptown. Stonelake announced in June that it secured construction financing for the tower from Bank OZK. …

Clear Investment Group, a Chicago-based real estate investment firm, has acquired Woodland Estates, a 300-unit multifamily community in Southeast Washington, D.C. The acquisition marks the firm’s second investment in the Washington metropolitan area, bringing its regional portfolio to nearly 1,000 apartment units. Woodland Estates was acquired through a receivership auction, creating a value-add opportunity for …

IMC Construction, the largest minority-owned contractor in the country, is expanding into the DMV with the opening of a new regional hub in Bethesda, Maryland. IMC has recently started work with clients such as Merck and Charles River Laboratories, positioning it to contribute to similar developments in the D.C. region with the new regional team. …