National

Camden Property Trust acquired the Harlowe multifamily community in Nashville’s Gulch neighborhood. The price was $88.6 milion or nearly $300,000 a unit. The apartment complex will be redubbed Camden Gulch. The Nashville Business Journal reports that Greystar was the seller and the developer, having bought the property at 908 Division St. in 2019. The 16-story …

A 352-unit multifamily development in the Gwinnett County town of Lawrenceville has sold for $67.2 million. The Atlanta Business Chronicle reports that Oxford Properties was the seller and Sherman Residential was the buyer. The rental community is on land on the site of the former Northwoods County Club golf course. Lawrenceville is 30 miles NE …

Fidelity will relocate its official headquarters to South Boston’s Commonwealth Pier as the financial services behemoth preps to return its employees to the office full-time. A Fidelity spokesperson told the Boston Business Journal that the company plans to file regulatory paperwork to name the building in the Seaport neighborhood as its new headquarters but could …

National multifamily developer Wood Partners is expanding its presence in Massachusetts with the construction of a sustainable 237-unit community in Concord, about 20 miles northwest of Boston. The company has broken ground on the property and expects to wrap up construction in February 2028. Alta Thoreau will offer one-, two- and three-bedroom units across two …

The longtime Rancho Cordova showroom of Beck’s Furniture has been listed for sale. The 208,800-square-foot property at 11840 Folsom Blvd has served primarily as a warehouse and distribution center for Beck’s Furniture, where people came to view the chairs and sofas before buying. The company closed its doors last year. The 10 acres along the …

Tishman Speyer sold 400 Castro Street, a 100 percent leased, Class A office building in downtown Mountain View, California. Spear Street Capital was the buyer in the $121.5 million transaction.   Tishman Speyer developed the 138,000-square-foot property in 2002 and immediately leased the office space in full to Fenwick & West, which has remained a customer in the …

Chicago-based LG Group announced a new company structure designed to support its next phase of growth, along with the appointment of Brett Carucci as the company’s chief operating officer. Under the new structure, LG Group will operate across two core business platforms, including integrated development and commercial general contracting. LG Group expects to begin more …

Industrial Commercial Properties LLC (ICP) has acquired 1 Financial Parkway, a three-building, 426,788-square-foot corporate campus situated on 55 acres in Kalamazoo, Michigan. “We continue to see opportunities where good real estate can be repositioned to serve new companies and new uses. We have invested successfully in Michigan for years, and surpassing five million square feet …

Morgan Stanley Investment Management, through investment funds managed by Morgan Stanley Real Estate Investing (MSREI), acquired a Class A seniors housing portfolio located in the Orlando and Tampa metropolitan areas. The portfolio includes two communities comprising 300 independent living, assisted living and memory care units serving residents in Central Florida. The portfolio comprises the 193-unit …

Mast Capital and Rockpoint obtained $44 million in refinancing for The Harlow, a 248-unit, Class A, garden-style multifamily community in Wesley Chapel, Florida.  Berkadia’s Mitch Sinberg, Scott Wadler, Matthew Robbins, Brad Williamson, and Bryan Brown of Berkadia’s Miami and Boca Raton offices arranged the financing on behalf of the joint venture.  Walton Street Capital provided …

The ranks of U.S. and Canadian tech talent skilled in artificial intelligence grew by 45% in the past year, with AI-related roles now accounting for nearly a third of U.S. tech-talent job listings and boosting office-leasing activity in top tech hubs, CBRE reported. The firm’s 13th annual Scoring Tech Talent report highlights the clustering of AI …

Avison Young said Tuesday it has reached an agreement on a recapitalization transaction that strengthens the company’s financial foundation and provides additional liquidity for growth, sustained profitability and long-term value. Building upon the successful recapitalization in 2024, the transaction positions Avison Young for its next phase of growth. The firm will engage in a disciplined …

There’s more to understanding data center buildouts than counting facilities, according to a just-released report from the Institute of International Finance (IIF). In researching data from the Pacific Northwest National Laboratory’s IM3 Open Source Data Center Atlas, the authors said that the largest concentration of data centers is in major population centers, including Virginia’s Data …

Nonfarm payrolls increased by 162,000 in August, nearly triple the 55,000 consensus estimate, while the unemployment rate held at 4.1%, the Bureau of Labor Statistics reported. The gain was well above the 31,000 monthly average over the previous 12 months.  Previous payroll readings were revised higher. June employment increased by 31,000, up from the initially reported 20,000, while …

Private equity firm Global Holdings has secured a $382.4 million refinancing loan for its Midtown Manhattan office tower at 120 Park Ave., with Wells Fargo and German bank LBBW originating the note. The funding, reported by The Real Deal, retires the property’s existing $335 million loan from HSBC. The recapitalization follows Bloomberg LP’s renewal in …

New York City’s Department of Housing Preservation & Development (HPD) has filed plans for a 215-unit apartment building on a vacant city-owned lot in the Bronx’s Melrose neighborhood. The 176,000-square-foot building at 3116–3124 Third Ave. would rise 20 stories, the New York Business Journal reported, citing plans filed with the New York City Planning Commission. …

BB Living has plans to take over an underutilized stretch of parking lot at the Avenues at Northfield retail center and build 217 townhomes. The retail center, formerly known as The Shops at Northfield, is being converted into a mixed-use development that includes retail, housing and a fitness center. Luxury athletic club Life Time is …

Arizona Land Consulting revealed plans for a development west of Phoenix that could include a movie production studio, amusement park, hotels, retail and a data center campus. The Phoenix Business Journal reports roughly 900 acres off Interstate 10 and 411th Avenue have been set aside for the development, with costs estimated between $6 billion and …

Sterling Realty Organization (SRO) announced it has named Andy Campbell Vice President of Land Strategy, further strengthening the company’s executive leadership team. In his new role, Campbell will serve as a member of SRO’s executive team, with primary responsibility for the company’s landholdings and development opportunities. Drawing on his rich background in development, joint venture …

Seattle-based real estate investment firm Timberlane Partners has acquired the Vista Ridge, a 91-unit apartment complex in Issaquah, for $37 million. The 91-unit apartment complex at 201 Mountain Park Blvd. SW sold in a deal, with the sale price coming out to around $406,600 per unit, reported the Puget Sound Business Journal. The seller was …

MDH Partners (MDH) has acquired a 129,301-square-foot, single-tenant industrial facility at 302 Grand Central Blvd. in Laredo, Texas, fully leased to DHL Global Forwarding. The building is located minutes from the World Trade Bridge, the busiest commercial land crossing in North America. Craig Tomlinson of Northmarq represented the seller in the transaction. Makenna MDH’s Makenna …

Northampton Capital Partners and Provident Data Centers are developing a turnkey data center with 54 megawatts of critical capacity in the North Dallas Corridor in the Dallas-Fort Worth Metroplex. The project is slated to come online in late 2027. Commerial Search reports Northampton and Provident Data Centers have also agreed to a framework to develop …

Castle Lanterra announced the sale of Meridian Obici, a 224-unit multifamily community located in Suffolk, Virginia, within the Hampton Roads metropolitan area. Completed in 2016, Meridian Obici is a highly amenitized multifamily community featuring a resort-style saltwater swimming pool, fitness and business centers, resident entertainment spaces, outdoor kitchens, detached garages, storage units, and a dog …

EYA and Armed Forces Mutual have secured entitlement for the redevelopment of Armed Forces Mutual’s Reston Campus at 1850 Old Reston Avenue into a 57-townhome community centered around the historic Bowman House. The milestone marks a significant step toward transforming the underutilized office campus into a residential neighborhood. Located adjacent to the W&OD Trail and …