National

A Morgan Properties affiliate bought a 500-unit apartment complex at 9135 Morning Ridge Road for $56.5 million. Independence Realty Trust was the seller. The Memphis Business Journal reports that Independence Realty purchased the property for $29.8 million in 2014. Morgan Properties currently owns two local apartment communities in the Memphis area: Crescent at Wolfchase and …

The Clear Blue Company broke ground on Honeywood Dickson, a 228-unit, nine-building affordable housing community located at 841 Cowan Road in Dickson, Tennessee. Located on 16.14 acres, Honeywood Dickson will be reserved for households earning up to 30% of the area median income (AMI), 114 for households earning up to 60% of AMI and 57 for …

Blitzy, the autonomous software development company founded in Cambridge in 2023, has signed a 52,000-square-foot office lease at One Kendall Square, expanding and keeping its headquarters in its origin city. The transaction is the largest new office lease completed in Cambridge in 2026, according to JLL, which represented Blitzy. The lease covers two floors at …

MassDevelopment has signed a letter of intent with Metro West Collaborative Development, a nonprofit affordable housing developer, for the sale of a 6.6-acre site at Adams Cir. in Devens. Metro West Collaborative Development intends to build 65 new apartments on the site. The proposal is among the first housing developments made possible by the Mass …

Marcus & Millichap arranged the sale of two multifamily properties at 1159-1169 and 1067-1071 Union St. in San Francisco’s Russian Hill neighborhood. Totaling 11 units, the properties sold for a combined $6.25 million after more than 50 years under the same family ownership. “This was the first time either property had been brought to market …

The Los Angeles City Council voted unanimously to approve a Notice of Funding Availability (NOFA) backed by $466.6 million to build and renovate affordable housing. The largest pool of its kind in the city housing department’s history, pending approval by Mayor Karen Bass, the money will be distributed as grants and loans to developers, nonprofits …

Community Investment Corporation (CIC), a Chicago nonprofit lender that finances the acquisition, rehabilitation, and preservation of affordable rental housing, reported strong lending activity for the first half of 2026, advancing its mission to preserve affordable housing and support neighborhood investment. CIC closed $22.6 million in loans and grants during the first half of 2026, supporting …

Krusinski Construction Company (KCC) has started construction on a 64,086-square-foot warehouse and office buildout for Saltbox, a company that provides flexible warehouse and workspace for growing product brands. Located in Elmhurst, Illinois, the facility will serve as Saltbox’s first Midwest location, supporting the company’s continued expansion across the United States. The renovated warehouse will include …

Prominent Miami-area investor Moishe Mana purchased the 110 Tower office building downtown for $89 million. GEM Realty Capital, was the seller of the 394,057 square foot office property at 110 S.E. 6th St. The S. Florida Business Journal reports National Bank of Florida provided a $66.25 million mortgage to the buyer. The 110 Tower last …

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 …

Ares Management Corporation has reached the final close of Japan Logistics Development Partners V LP, the latest vintage in its Japan-focused logistics real estate development fund series. Raising ¥612 billion (approximately US$4 billion), including LP equity commitments and GP commitment, JDP V closed at its hard cap and is nearly 50% larger than its predecessor …

Wells Fargo provided a $455.7-million, floating-rate refinancing for an eight-property, 7.1-million-square-foot national distribution center portfolio leased to Family Dollar. JLL Capital Markets senior managing director Christopher Peck, and directors Christopher Pratt and Alex Staikos arranged the financing on behalf of 1959 RE Holdings, LLC, a Delaware limited liability company, controlled and partially owned by affiliates …

In a rising interest rate environment, apartment owners face $757 billion of loans coming due between 2026 and 2028, the Wall Street Journal reported, citing Mortgage Bankers Association data. Nearly $300 billion of these loans mature in 2026 alone, at borrowing rates that are roughly twice the level of 2021, when many of the loans …

Cerity Partners LLC, a national wealth management and financial advisory firm, has expanded its headquarters at Global Holdings’ 99 Park Ave., bringing its total footprint at the Midtown office tower to 68,271 square feet. The expansion follows the completion of Global Holdings’ $30-million capital improvement program earlier this year and brings the 600,000-square-foot tower to …

Taconic Partners and Nuveen Real Estate signed a long-term lease with Sephora for approximately 4,200 square feet of ground-floor retail space at 401 W. 14th St. in Manhattan’s Meatpacking District. The current Meatpacking location on Ninth Avenue will be relocated to the new store, which is expected to open in the first quarter of 2027. …

Kroenke Sports & Entertainment (KSE) has committed to spending $135 million to renovate Ball Arena, the home arena for the Denver Nuggets and Colorado Avalanche. In addition, KSE has unveiled plans for a mixed-use project using some of the outdoor parking lots as building space. The Denver Business Journal reports the upgrades include a large …

GI Partners recently paid $14.7 million for land just south of Phoenix that it plans to develop a data center on. LKY was the seller of the 5.4-acre parcel. The Phoenix Business Journal report LKY paid $3.15 million for the land in 2012. The site is located right next to an APS substation, and LKY …

Cordillera Homes announced that Hako San Café & Bar, a new hospitality concept from local coffee and hospitality entrepreneur Alen Fikic, has signed a lease to become the anchor retail tenant at Central Peak Residences, a boutique collection of 26 condominiums in the heart of downtown Kirkland. The Central Peak location is planned to open …

Fred Hutchinson Cancer Center has completed the $18 million acquisition of a former DaVita office building in Federal Way. Realty Income sold the building, which it acquired from Weyerhaeuser for $19.8 million in 2012. The 87,617-square-foot property is located at 32275 32nd Ave. S., reported the Puget Sound Business Journal. The 10.3-acre site includes 632 …

After holding onto the property for more than a decade, Minnesota-based Bader Cos. acquired a 228-unit multifamily community in Dallas from GF Properties Group. Multihousing News reports that New York Life Insurance Co. issued a $39 million acquisition loan on behalf of Bader. Completed in 2010, The Arts encompasses one- to three-bedroom units averaging 894 …

The Dallas Cowboys will begin improvements at AT&T Stadium in 2028. The Cowboys will ante up $750 million for the revamp, and the town of Arlington will commit $273 million through special revenue bonds over a 20-year period. The town and the team say don’t expect to see a lot of flashy or obvious new …

HREC Investment Advisors arranged the sale of the 150-suite Embassy Suites Dulles Airport, situated at 13341 Woodland Park Road, Herndon, Virginia. Ashford Hospitality Trust, Inc. completed the sale of the hotel through its indirect subsidiary, Ashford Dulles LP. The hotel was sold for cash consideration of approximately $22.3 million, net of selling expenses, and the …

Talonvest Capital, a commercial real estate advisory firm, has secured a $63 million bridge loan on behalf of 1784 Holdings, a privately held real estate development company specializing in the development, construction, and operation of self-storage facilities. The loan, totaling $63 million, is a pre–Certificate of Occupancy bridge financing for a Class A self-storage facility …