National

Waterstone Properties has paid $87 million for Windsor Square Shopping Center, a 659,222-square-foot power center in Matthews, N.C. Commercial Edge reports United Bank originated a $63.1 million acquisition loan. Hackney Real Estate Partners sold the asset after nearly two years of ownership. The firm had acquired Windsor Square from Sterling Organization for $70.1 million in November 2024. …

Federal Realty Investment Trust acquired The Summit, an Alabama retail destination, for $508 million ($498 million on a net basis). The retail center is a 100-acre, approximately 870,000-square-foot open-air property developed over more than 30 years. It was owned by Bayer Properties, which has since opened a number of other retail hubs with “The Summit” moniker. …

Marcus & Millichap closed the sale of 400 Iron Horse Park, an industrial property in Billerica, MA. The sale price was $4.45 million. “This was a competitive marketing process with multiple offers. The eventual buyer was able to close quickly with minimal contingencies,” said Harrison Klein, managing director investments in Marcus & Millichap’s Boston office. …

Massachusetts Gov. Maura Healey announced $330 million for 403 local economic development and housing projects in 207 communities across the commonwealth through the Community One Stop for Growth. The awards will support more than 27,000 new homes, more than 13,000 permanent jobs, and more than seven million square feet of new commercial development, while helping …

JLL Capital Markets arranged $276 million in refinancing for Vivante Newport Center and Vivante Newport Mesa, a two-property seniors housing portfolio in Newport Beach. Senior managing director Greg Brown, assisted by senior managing director Aaron Rosenzweig worked on behalf of the borrower, an affiliate of Nexus Development, to secure two uncrossed loans for the portfolio. …

Colliers arranged the $22.75 million sale of a 13.49-acre industrial land site located at 10990 N. Woodside Ave. in Santee, acquired by North Palisade Partners. Construction immediately commenced on the Palisade Santee Commerce Center, a 290,618-square-foot multi‑tenant industrial hub on the site of the former Santee Drive-In and slated for completion in the third quarter …

Millennium Bank has officially opened its newly renovated Bridgeport banking center. Following its January 2025 acquisition of Pulaski Savings Bank, Millennium Bank invested in the historic property at 3156 S. Morgan Street, rebuilt branch operations and expanded its presence in Chicago. A centerpiece of the reopening is a new 120-foot exterior mural by Chicago artist …

Northmarq’s St. Louis Investment Sales team, led by Dominic Martinez, Parker Stewart, Alex Malzone and Charlie McKee, successfully arranged the sale of Whisper Hollow Apartments, a 315-unit garden-style multifamily community located at 12430 Whisper Hollow Dr. in Maryland Heights, Missouri. Northmarq represented the seller, Banner Real Estate Group, in the transaction. The buyer is Monarch …

As it’s likely to do, Publix Super Markets bought out its landlord at Airpark Plaza in Miami. The company paid $83.25 million for the 204,000-square-foot shopping center. The S. Florida Business Journal reports First Washington Realty was the seller. Airpark Plaza last traded for $36.82 million in 2008. Publix often buys out its landlords, allowing …

Front Range Partners inked a $75 million loan to refinance EVO St. Petersburg, a high-rise apartment complex in downtown St. Petersburg. Walker & Dunlop Capital Markets Institutional Advisory, led by Jonathan Schwartz, Aaron Appel, Keith Kurland, Adam Schwartz, Sean Reimer, Dustin Stolly, Michael Stepniewski, Michael Ianno and Cody Ela, arranged the fixed-rate financing provided by Freddie Mac on behalf of FrontRange Capital Partners. Delivered in 2023, …

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 …

The number of new AI office leasing requirements rose 27% over the past year, from 644 to 820, VTS reported. Twelve of the 17 markets VTS tracks contributed to that growth. Most of the demand is concentrated in three markets: San Francisco, New York and Silicon Valley. Combined, they account for 64% of the 16.9 …

The employment picture and unemployment rate changed little in September, the Bureau of Labor Statistics said Friday. Nonfarm payrolls increased by 29,000 for the month, while the unemployment rate ticked up to 4.2%. CNBC reported that economists surveyed by Dow Jones had predicted 84,000 new jobs and a jobless rate of 4.1%. The government also …

Walker & Dunlop arranged $170.5 million in permanent financing to refinance Lenox Terrace, a multifamily community at 484 Malcolm X Blvd. in Harlem. A Walker & Dunlop Capital Markets Institutional Advisory team led by Jonathan Schwartz, Aaron Appel, Keith Kurland, Adam Schwartz, Dustin Stolly, Sean Reimer, Michael Ianno and Cody Ela arranged the balance sheet financing …

Rithm Capital Corp. has closed on a joint venture with a fund managed by DRA Advisors LLC for the ownership of 1301 Ave. of the Americas, one of the flagship assets in the New York City office portfolio of Elecor Properties, Rithm’s real estate operating platform. Rithm, through Elecor, will continue to hold majority ownership …

A three-building, 98,500-square-foot medical office portfolio in the Phoenix Metro area sold for $12.8 million. The properties were sold by Evernorth Care Group (formerly operated as Cigna Medical Group). MCR Companies, completing a 1031 exchange, acquired the properties in Glendale and Chandler. A Phoenix Property was purchased by Empower College Prep. The portfolio consists of the following …

Everview Partners purchased an 85-building, 1.25 million square foot shallow bay industrial portfolio across Tucson for $165.75 million. The portfolio was roughly 90 percent leased to 452 tenants at the time of sale. The portfolio spanned 14 properties. The seller, Pegasus Tucson Owner LLC of Newtown Square, PA, is associated with Equus Capital Partners. Real …

Newmark has arranged the $30.9 million sale of Trellis West, a 214,152-square-foot advanced manufacturing and research and development campus in Hillsboro, Oregon, to buyer SKB and KCB Partners. Newmark Director Kellen Kollmorgen represented the seller in the transaction. Leasing efforts at Trellis West were led by Newmark Portland Market Leader and Managing Director Travis Parrott …

Gantry has secured a $12.3 million bridge loan to refinance existing debt and provide capital for continued redevelopment and lease-up of Workshop St. Johns, a historic adaptive-reuse campus. Located at 6635 N Baltimore Avenue in Portland’s St. Johns neighborhood, the historic property benefits from prominent Willamette River frontage and views. Situated on five acres, the …

A residential component of Frisco’s Fields West development is taking shape, with leasing now underway for the first phase of The Wentwood at Fields West. Units at The Wentwood are expected to be ready for move-in in January. Additional phases are scheduled to open throughout 2027 and into 2028. The community’s amenity package includes three …

The Frisco planning board okayed a Trader Joe ’s-anchored mixed-use project, and next week the town council will vote on the plan. Community Impact reports the proposed development would include a 12,500-square-foot Trader Joe’s and a 158-unit senior living facility, along with other mixed-use elements. It would be located at the southwest corner of Majestic …

Marcus & Millichap announced the sale of 6145-6149 Kansas Ave. NE in Washington, D.C.’s Riggs Park neighborhood. The asset sold for $1.3 million. “Multifamily rental properties are in short supply in this pocket of the Manor Park and Brightwood submarket, making this a rare investment opportunity,” said John Slowinski, associate director of investments in Marcus …

MCB Real Estate has selected David Germakian as senior managing director, retail development. Germakian brings more than 19 years of real estate and development experience to his new role. He was formerly managing director for EDENS, leading its Mid-Atlantic region and specializing in the development and redevelopment of open-air retail and mixed-use centers. Germakian will …