National

Arlington Properties acquired land at 7220 N. Tryon St. for $9 million. McKinney Holdings was the seller. The Charlotte Business Journal reports the 3.9-acre property is vacant and located across from the University City Boulevard light-rail station (shown). The city of Charlotte approved a construction plan for the land last month. The plan calls for …

Real Capital Solutions (RCS) acquired 101 Marietta, a 36-story, 673,819-square-foot office tower at 101 Marietta Street NW in downtown Atlanta. The property was acquired for $49.5 million, or approximately $73 per square foot. “Many investors continue to avoid office, but we believe some of the best opportunities in commercial real estate today are hiding in plain …

Law firm Shipman & Goodwin LLP (Shipman) announced today that it will relocate its Hartford office to LAZ investments’ Gold Building at One Financial Plaza in the latter half of 2027. The three-floor space spans approximately 70,000 square feet and will house 250 employees. “Our future move to the Gold Building reflects more than a new office location—it represents a continued …

Advanced metals manufacturer VulcanForms will build its third Massachusetts plant in Devens at a reported cost of $1.3 billion. The one-million-square-foot facility is expected to create 1,063 jobs, more than doubling Devens-based VulcanForms’ current employee base in Massachusetts. A $21.25-million package of tax credits was awarded to VulcanForms for the project by the Massachusetts Economic …

Walker & Dunlop has arranged a $46-million refinance loan for Rosemead Place, a prominent retail center in Rosemead. The Walker & Dunlop Capital Markets Real Estate Finance team led by Trevor Fase and Lynn Pearson secured the fixed-rate, interest-only permanent debt loan provided by Joel Minugh and James Ko of Wells Fargo on behalf of a family office. Located at the intersection of I-10 …

Progressive Real Estate Partners has closed the $6-million, off-market acquisition of Allmark Plaza, 16,926-square-foot multi-tenant unanchored neighborhood retail center located at 10060-10080 Arrow Route in Rancho Cucamonga, to an Orange County-based private investor. VP of investment sales Lance Mordachini and VP of retail leasing and sales Monica Dal Bianco-West represented the buyer.  The seller, Allmark …

Lee & Associates has closed two industrial leases in the Western Chicago suburbs totaling 131,417 square feet. Sean Austin, Principal at Lee & Associates of Illinois, represented the tenant, Nuvomed, Inc., a company that develops and sells affordable health and wellness products, on their new lease of 54,087 square feet at 200 Fencl Lane, Hillside, …

Barnes & Noble announced the opening of its new bookstore in Oak Park, Illinois The new location is the third new store to open in the Chicagoland area this year and will soon be joined by a fourth, opening on State Street in Downtown Chicago later this summer. The new Barnes & Noble occupies the …

JPI has broken ground on a $103.2 million, 415-unit multifamily development in Denton, Texas.  Located at 3855 Hudsonwood Road, Jefferson Quail Creek marks the company’s fifth construction close in Texas and third workforce community this calendar year. The community also marks the company’s second partnership with the Denton Housing Authority in 2025. JPI recently broke ground on Jefferson Bonnie Brae, …

Ytech secured $565 million in construction financing from J.P. Morgan (NYSE: JPM) and Sculptor Real Estate for The Residences at 1428 Brickell, a 70-story residential condominium tower already under active construction and more than 60 percent sold. J.P. Morgan provided financing as the senior lender, with Sculptor Real Estate as the junior lender for the development. Melissa Rose and Brian …

Gatsby Florida obtained a $100.4 million refinancing for DiVosta Towers, a 220,000-square-foot Class A office campus in Palm Beach Gardens, Florida. One of the newest office towers in Palm Beach County, DiVosta Towers consists of two 11-story office towers and a connected structured parking facility. The property is fully leased and home to a diverse …

S3 Capital provided a $101 million construction loan for Visions Orlando Resort & Spa, located just outside of downtown Orlando. The project is being co-developed by Urban Network Capital Group (UNCG) and Vertical Developments.  The resort integrates a mix of luxury single-family homes, townhomes, and condo residences, wellness-focused amenities, retail spaces, and a broad range of recreational experiences.  The …

On June 23, 2016, citizens turned out in a national referendum to decide whether the United Kingdom should withdraw from the European Union. After the dust settled, 51.89% voted in favor of departing, while 48.11% voted to “Remain.” By December 2020, the UK officially left the EU. Ten years after the highly contentious vote that …

Morgan Stanley Investment Management, through investment funds managed by Morgan Stanley Real Estate Investing (MSREI), alongside Ridgeback Group, has acquired the Private Rented Sector business of London & Quadrant Housing Trust (L&Q), which trades as Metra Living, for a total enterprise value of £1.045 billion (approximately US$1.38 billion). The transaction includes a portfolio of approximately …

During the past several Federal Open Market Committee meetings, markets and economic pundits have waited with bated breath to see if the Federal Reserve would FINALLY cut the federal funds rate. And when rates remain steady, plenty of headlines emerge discussing what the latest actions mean for the economy and commercial real estate. Regarding the …

Tech tenants are expanding their office presence. That’s one of the key takeaways from a Newmark report on leasing in the sector, which found that the average deal size within the largest tech leases rose 33% year-over-year to 165,000 square feet, driven by expanding footprints of AI and AI-adjacent firms. The average term for new leases was …

Newmark has arranged a new 169,664-square-foot lease on behalf of affiliates of Harbor Group International (HGI), at 51 W. 52nd St., bringing the iconic Midtown Manhattan office tower to full occupancy. International law firm Alston & Bird LLP has signed a 15-year lease and will relocate its New York offices from 90 Park Ave. Executive vice …

Marcus & Millichap finalized the sale of a net-leased bank property occupied by the headquarters and flagship branch of Ponce Bank, located at 2244 Westchester Ave. in the Bronx. The asset sold for $16,250,000. “This property drew tremendous interest as it was a true management-free NNN investment with annual increases,” said Steven Siegel of Marcus & …

Target is preparing to open its sixth store in Mesa next month. The Phoenix Business Journal reports Target will open a 148,000-square-foot store in Mesa at 1517 S. Signal Butte Road. The Target store will include a CVS Pharmacy, Starbucks Café and Target Optical. The new store is expected to employ more than 190 people. …

Lincoln Property Company (“Lincoln”) executed two full-building leases at its 2.4 million-square-foot Luke Field development in Glendale, Arizona.  Totaling over 1.1 million square feet, the commitments bring the Class A, three building, logistics campus to 100% occupied. The new user, a leading company in the artificial intelligence sector, will occupy Luke Field’s 695,750-square-foot Building A and 454,761-square-foot …

Kidder Mathews has welcomed Eric Hagen to the firm’s downtown Seattle headquarters as a member of the Gellner Team. Hagen joins Executive Vice President David Gellner, First Vice President Parker Ksidakis, and Client Services Coordinator Michelle Plafcan, specializing in the sale of retail investment properties throughout the Pacific Northwest. Together, the brokers have completed more …

Dwight Capital has closed a $39 million HUD 223(f) refinance for Timberview Apartments, a newly developed 174-unit apartment community in Oregon City, Oregon. Loan proceeds will be used to retire a bridge loan provided by Dwight Mortgage Trust, cover closing costs, and establish a replacement reserve account for future capital improvements. The transaction was originated …

JLL recently posted a listing for the 632,511-square-foot midrise office building at 5400 Westheimer Court, which sits on a 6.43-acre property less than half a mile west of The Galleria mall. Built in 1981, the nine-story building most recently was 100% occupied by Enbridge Inc. (NYSE: ENB) following the $28 billion acquisition of Houston-based Spectra Energy Corp., …

The Dallas City Council allowed a developer to proceed with a 16-story residential tower in Oak Lawn. The council eased a height restriction, allowing the developer, M&A Development, to move forward with its 230-unit project. The Dallas Business Journal reports that construction on the luxury apartment community at 4211 Newton Ave. is set to begin …

Oak Row Equities and Mariposa Real Estate claim to have completed the largest single land acquisition in Florida. The joint venture closed on the $520 million purchase of Aimco’s 4.25-acre waterfront parcel—located at 1001 and 1111 Brickell Bay Drive—with 485 feet of continuous Biscayne Bay frontage. The Brickell assemblage includes The Yacht Club Apartments and the …

Pine Pep Properties, LLC has completed the $2.3 million acquisition of 2001-2003 Greenspring Drive, a single-story, 12,170-square-foot industrial and warehouse building situated in the Timonium section of Baltimore County, from 2001-2003 Greenspring Dr, LLC. Patrick J. Smith, Nick Maggio, and Mike Ruocco of MacKenzie Commercial Real Estate Services represented the seller, and KLNB’s David Fritz …

Real Capital Solutions (RCS), in partnership with MRP Realty, announced that Lydian Energy has signed a lease at 1501 M Street NW, establishing the fast-growing renewable energy company’s headquarters in downtown Washington, D.C. The lease marks the first completed transaction within the building’s Town Hall program, a move-in-ready office concept designed to help companies occupy …