National

Orion Real Estate Group paid $26.1 million for Watauga Village, an 88,800-square-foot, Food Lion-anchored neighborhood shopping center at 276 Watauga Village Drive in Boone, North Carolina. Watauga Village is located in the commercial center of Boone, the hub of North Carolina’s High Country and home to Appalachian State University, which has approximately 21,800 students. The …

Crescent Real Estate offloaded The Hotel at Avalon, a 330-Key Hotel in Alpharetta. Commercial Search reports that Endeavor Real Estate Group and Cox acquired The Hotel at Avalon for $220 million. Crescent has owned the since September 2020. The hotel debuted in 2018. The Hotel at Avalon features guest rooms and suites ranging from 355 …

Boston continues to be a hub for office conversion enthusiasts, with Kendall Capital planning to convert a landmark office building in Boston’s Financial District into a 155-unit residential property. The 155,000-square-foot project would be financed through historic tax credits, according to a report by Banker & Tradesman. Kendall Capital manager Mai Luo acquired the property …

Biotech firm Invivyd is more than tripling its headquarters space in downtown New Haven, CT by signing a long-term lease for about 33,000 square feet at a landmark building neighboring Yale University. The transaction was reported by Hartford Business Journal. Invivyd will take space at 205 Church St., an historic building originally constructed in 1832 …

At Connect Apartments 2026 in Los Angeles, Connect CRE asked industry leaders where they’re seeing trends, opportunities or challenges in the Western multifamily market. While not downplaying the challenges that have arisen in an uncertain financing environment, these experts highlighted the opportunities that result from paying attention to fundamental operating principles and having a strong …

Seven Equity Group acquired 875 and 899 Howard, a two-building office property totaling roughly 280,000 square feet in downtown San Francisco, for $65.5 million. Commercial Search reports that Genesis Capital Group originated a $51 million acquisition loan. Hudson Pacific Properties was the seller. The two buildings debuted in 1920. The one at 899 Howard is a retail-to-office …

Greystone has provided a $35.37 million Freddie Mac loan to finance the acquisition of The Ponds of Naperville, a 216-unit multifamily property in Naperville, Illinois. The financing was originated by Eric Rosenstock, Senior Managing Director at Greystone on behalf of Grand Lifestyles. Built in 1988, The Ponds of Naperville offers a mix of one- and …

Marcus & Millichap announced the sale of Shoaff Park Villas, a 206-unit multifamily property in Fort Wayne, Indiana.  “Shoaff Park Villas presented a rare opportunity as it was the first time the property had been offered for sale since 1976 after being owned by the same family for 50 years,” said Jack Friskney, director of …

Fortune International Group and Blue Road delivered Nexo Residences, a 16-story short-term rental condominium in North Miami Beach. Built by KAST Construction, the development will soon welcome its first owners and guests. Located at 13899 Biscayne Blvd., the 254 units are delivered fully furnished. Studio to three-bedroom floorplans, along with a collection of three- and four-bedroom townhomes, range from …

PTM Partners closed on a $125 million construction loan from GID to finance EDGE Collective II, a 330-unit Class AA multifamily high-rise including 19,000 square feet of retail space in downtown St. Petersburg’s EDGE District.   Berkadia arranged the three-year, floating-rate construction loan on behalf of PTM Partners. The financing was arranged by Scott Wadler and …

KKR and Mirastar, KKR Real Estate’s industrial and logistics platform in Europe, have acquired a 2.7-million-square-foot portfolio of eight UK logistics assets from Ares Real Estate funds. According to published reports, the portfolio is valued at approximately £400 million (US$529 million). The fully occupied portfolio comprises modern, high-quality assets across established distribution markets in 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 …

U.S. commercial/multifamily mortgage debt outstanding increased by $42.9 billion in the second quarter of 2026, a 0.9% increase over Q1, according to the Mortgage Bankers Association’s (MBA) latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report. Total CRE mortgage debt outstanding rose to $5.1 trillion at the end of Q2, with nearly half the increase ($20.7 billion) …

The National Multifamily Housing Council (NMHC) said its Quarterly Survey of Apartment Construction & Development Activity for the third quarter of 2026 points to a challenging development environment characterized by increasing construction costs, economic uncertainty and low rent growth. However, even as fewer projects break ground, builders and developers remain optimistic in their 6-12-month outlook on …

Newmark arranged a $66.5-million loan on behalf of ZG Capital Partners to refinance 836–838 Broadway, a boutique, fully leased mixed-use office property in Manhattan’s Union Square neighborhood. J.P. Morgan provided the financing, which replaces a previously secured $28.9-million loan. Senior managing director Daniel Fromm, director Tim Polglase and analysts Jack Fenton and Stavros Giannakopoulos arranged …

A local developer has purchased a commercial unit in Long Island City for $6.1 million, or approximately $407 per buildable square foot, with plans to redevelop the building into high-end condos. Marcus & Millichap negotiated the sale of the now-vacant property at 49-03 Fifth St., which was formerly home to an auto repair shop. The …

VAC Development has broken ground on The Cliff, a $100 million transformation of a 10-acre, 100,000-square-foot office property in Green Valley Ranch. A VAC Development-led joint venture acquired and recapitalized the project at the end of August, with CAST Capital Partners continuing as a partner. Construction officially began September 1, with delivery to tenants targeted …

PAULS acquired Regency Plaza, a 15-story, 335,908 square foot Class A office tower located at 4643 South Ulster Street in the Denver Tech Center. The building was purchased from Granite Properties. The purchase marks a return to Regency Plaza for PAULS, who previously owned the property.  Newmark’s Tim Richey and Jack Richey represented Granite in the …

Genentech, a subsidiary of Swiss drugmaker Roche Group, has broken ground on a $750 million expansion of its manufacturing facility in Hillsboro, Oregon. The move advances plans announced in August to increase capacity for advanced drug delivery devices and to strengthen the company’s United States manufacturing capabilities. The event marks the start of construction for …

The Puget Sound development pipeline is seeing a significant reset, with a meaningful number of developers formally shelving projects rather than continuing to extend timelines and hold entitlements while waiting for market conditions to improve. As a result, both the approved and in-review pipelines contracted over the past year. According to a report by Kidder …

Burlington, which recently announced expansion plans, rounded up a prime retail real estate spot left vacant by recent corporate bankruptcies. The popular off-price department store is bringing a new location to Southwest Houston, taking over a Conn’s HomeStore. The company is aiming for 115 new openings by 2028. Burlington has committed to a commercial renovation …

Henry S. Miller and Lincoln Property Co. are partnering on the redevelopment of Pepper Square, a mixed-use project located at the southeast corner of Preston Road and Belt Line Road. The two have agreed to jointly develop the project’s first of three phases. Current plans for the redevelopment include at least 1,050 apartment homes and …

Across the Washington, D.C., area, more retail space was leased than vacated in 2025, despite federal government layoffs and broader economic headwinds, according to a recent report by Marcus & Millichap. The metro recorded a roughly 30 percent year-over-year increase in retail transaction activity, slightly outpacing the national rate. “Washington-area retail properties have remained resilient …

Northmarq’s Philadelphia Debt + Equity team, led by John Banas and Kris Wood, along with David Singer and Jeff Steigerwalt, has lent $19.1 million for the refinancing of Dover Run Apartments located at 2670 Springhouse Bend in Dover, Pennsylvania. Northmarq arranged the deal on behalf of the borrower, Boyd Wilson. The financing was secured through …