National

KBS⁠ Real Estate Investment Trust III Inc. is actively marketing the 17-story tower at 201 17th St. for sale. The Atlanta Business Chronicle reports that KBS purchased the building back in 2015 for $98.3 million. In a recent public filing, KBS said it needed to sell some properties to satisfy debt obligations. The tower is 88% leased, with long-term …

Greystar has plans to build a 340-unit apartment complex in Chamblee. The company spent $11.5 million on 7 acres at 5220 Peachtree. Chamblee officials selected the two firms in 2024 to pursue the project that was previously on city land. The Downtown Development Authority was the seller. The Atlanta Business Chronicle reports that Greystar is …

Pura Vida Miami has opened a new location in Cambridge’s Harvard Square, marking the popular café brand’s first foray into the Northeast U.S. The national chain of wellness-oriented cafés has opened its doors at 95 Mount Auburn St., occupying the entire ground floor of the three-story, Class A office and retail building neighboring Harvard University. …

The city of Revere is eying a large redevelopment plan that would create 1,700 new affordable and market-rate homes about five miles northeast of downtown Boston. The Revere Housing Authority presented a proposal to the Revere City Council last week requesting a zoning change that would allow for development on a 40-acre site at Cooledge …

Alloy Properties has signed Biora Therapeutics to a 19,560-square-foot lease at Elements by Alloy Properties, a 290,000-square-foot life science campus located at 10201–10241 Wateridge Cir. in San Diego’s Sorrento Mesa submarket. The transaction marks the third lease completed at Elements in the past six months and completes the lease-up of the project’s available spec lab …

Cushman & Wakefield advised Spear Street Capital on the $115 million sale of 225 W. Wacker Drive, an office tower in downtown Chicago, to Prime Finance and Hines. Situated along the Chicago River at the intersection of Wacker Drive and Franklin Street, 225 W. Wacker is a 31-story, approximately 651,000-square-foot office tower located where Chicago’s …

Berkadia announced that Associate Director Ben Thomas has joined its mortgage banking platform in Kansas City, Missouri. Thomas reports to Managing Director John Schorgl. Thomas specializes in permanent financing, as well as construction and bridge financing for commercial real estate and multifamily properties. Throughout his career, he has closed more than $1 billion in loans …

A Davie bowling alley has shut its doors and will soon be razed so Dalfen can build a 151,000-square-foot warehouse. Dalfen landed a $26 million construction loan, allowing it to demolish the 60,000-square-foot Sparez bowling alley and build its warehouse. CIBC Bank USA provided the mortgage to Dalfen Industrial. It covers the 16.2-acre property at …

Brookfield has opened a Doha office, anchored by its global credit platform including the recently acquired Oaktree. The Qatar News Agency reported that the move builds on Brookfield’s existing investments and partnerships in Qatar, notably its planned $20-billion joint venture with Qai, the artificial intelligence subsidiary of the Qatar Investment Authority, to develop AI infrastructure …

Northmarq’s Pacific Northwest Investment Sales team, led by Sean Tufts, Kevin Adatto, Joe Dugoni, and Jack Hallberg, completed the $19 million sale of Canyon Ridge Plaza, an 86,909-square-foot multi-tenant retail community center located at 26015 104th Ave. SE in Kent, Washington. The property was acquired by Kimco Realty. “Shopping centers continue to be one of …

U.S. employers added 165,000 jobs in October, well above the average monthly gain of 48,000 over the past year, the Bureau of Labor Statistics reported Friday. The unemployment ticked down to 4.1% from 4.2% in September. August and September payrolls were revised up by a combined 84,000, with September now showing a 60,000 gain instead …

The U.S. office market continued its recovery in Q3, according to national reports from CBRE, JLL, Cushman & Wakefield, Colliers and Lee & Associates. All reported lower vacancy year over year, new construction fell to its lowest level in decades, and demand continued to favor higher-quality buildings. Vacancy Declines Everywhere Leasing Favors the Best CBRE …

Berkadia has closed a $219 million Fannie Mae loan to support the modernization of a 984-unit affordable housing community that was originally built in 1951 in Manhattan’s Washington Heights neighborhood. The 15-year permanent loan forms part of a $669 million capital structure that also includes an approximately $214 million subsidy from New York City and …

Continental Realty Corporation added to its Denver-area retail portfolio with the $31 million acquisition of Quebec Village Shopping Center in Centennial, Colorado. The 125,000-square-foot shopping center located at 8223 South Quebec Street represents CRC’s second retail center in the greater Denver area, joining Thornton Town Center, a 266,000-square-foot center purchased by CRC earlier this year. …

CrossHarbor Capital Partners landed construction take-out financing in the amount of $78.5 million for The Alyssa, a 335-unit Class A multifamily community in Tempe, Arizona. Delivered in 2024, The Alyssa is a four-story community offering studio, one-, two-, and three-bedroom floor plans ranging from 504 to 1,658 square feet with an average unit size of …

The Swig Company’s Lake Union Building in Seattle now stands at 96% occupied after a recent lease agreement with an unnamed private equity firm for 5,000 square feet. Only one 3,800 square feet space remains on the building’s newly remodeled fifth floor. Located at 1700 Westlake Avenue N in Seattle’s South Lake Union neighborhood, Union Building …

Madison Realty Capital has originated a $97.5 million construction loan to fund development of Edmonds Green, a 411-unit multifamily community located at 7212 220th Street SW in Edmonds, Washington. The project, a development of The Behar Company and HB Management, will include 10,500 square feet of ground-floor retail space. The loan is part of a …

Construction on an 11-building apartment venture will soon be underway in McKinney. The city council approved the apartments as part of a mixed-use development back in June. Community Impact reports that Trammell Crow is heading up the project, which consists of 248 apartment units. The project is going in along Grapevine Mills Parkway. The estimated …

Paceline Equity Partners and Aravest offloaded the Renaissance Dallas at Plano Legacy West. The buyer was an affiliate of Host Hotels & Resorts. The Dallas Business Journal reports Paceline bought the hotel in June 2023 for $136 million with fixed-rate financing. During their ownership, the partners added guest rooms and renovated the hotel’s restaurants and bars. They …

St. John Properties, Inc. has promoted Kelly Gallagher to director, lending and Bob George to director, treasury, in the company’s in-house finance department. In her role, Gallagher provides strategic oversight of the company’s loan closing, due diligence, and lender compliance functions for permanent and construction financing. George oversees liquidity management and risk mitigation programs and …

ARCO Design/Build (ARCO) recently celebrated the groundbreaking of a new 355,000-square-foot advanced manufacturing facility for Jamison Door Company and its parent company, BMP Group, in Hagerstown, Maryland. The project marks the first phase of a planned 58-acre North American manufacturing campus and represents a significant investment in the region’s manufacturing future. The first phase of …