National

Peerless Development is pursuing the construction of a 713-bed student housing project on Crest Road directly behind North Carolina State University’s South Campus. The Triangle Business Journal reports that the site plans show a 7-story mixed-use building — the height would range from 5 to 7 stories due to grade changes on the site. There will …

Trinity Capital Advisors and Town Lane kicked off the makeover of the 15-story, 388,657-square-foot office tower at 440 S. Church St. The Charlotte Business Journal reports the $20 million project will focus on the 17-year-old building’s two lobbies and include upgrades to existing tenant amenities, common areas and conference rooms at the office tower on …

Locally based Synergy and New York-based Axonic Capital have acquired 265 Franklin St., a 21-story Class A office tower in Downtown Boston.  The acquisition marks the first joint venture between the two firms. The seller was Clarendon Properties and the acquisition price was $116 million, according to the Boston Business Journal. “265 Franklin St. is an exceptional asset located at one of …

Specialty investment bank Ziegler has closed on Fairview’s Vista Point Project, one of the largest senior living tax-exempt bond transactions to date in the state of Connecticut. The $304-million financing will be used to fund construction of the project, repay all outstanding indebtedness of the organization, establish a debt service reserve fund for each series …

YODA PLC announced the completion of more than 113,000 square feet of new leasing activity at Transamerica Pyramid Center. The seven transactions have been completed since the beginning of 2026, including five since YODA acquired the redeveloped property in March from a SHVO-led ownership group. “The leasing activity at Transamerica Pyramid Center reflects the enduring …

Wellpointe Inc. unveiled plans for Viva L.A. at Warner Center, a four-phase, 100% affordable senior housing community at 6400 Canoga Ave. in Warner Center’s downtown district. The development represents a total estimated investment of $2 billion at the 4.71-acre Woodland Hills site that a Wellpointe property-holding affiliate acquired in 2025 from Parkview Financial. Designed by Gensler, Viva L.A. …

Bradford Allen has executed two recent leases with Illinois Retina in the Chicago market. The medical services provider signed a 16,228-square-foot lease in Skokie, Illinois and an 8,728-square-foot lease in Munster, Indiana, 30 miles southeast of Chicago. Craig Nadborne, executive managing director, brokerage services at Bradford Allen, negotiated the leases on behalf of Illinois Retina. …

CPC Mortgage Company, a subsidiary of The Community Preservation Corporation, has structured a $42.1 million loan for the preservation and rehabilitation of Parkside Estates and Demby Terraces, a 315-unit affordable housing community in Inkster, Michigan. Developed by Good Housing Partnership in partnership with the Inkster Housing Commission, the properties will undergo a full rehabilitation and …

West Palm Beach gave tentative approval to a measure that would pause redevelopment in a waterfront area of the city’s downtown. It will mostly affect the seven apartment and condo projects on S. Flagler Drive and Washington Road. The S. Florida Business Journal reports the measure would halt any new projects in the area that …

Artificial intelligence infrastructure startup Nscale Global Holdings has closed a $900-million revolving credit facility to accelerate its AI data center build-out and capital deployment across the U.S., Europe and Asia Pacific The facility was syndicated across a group of banks including J.P. Morgan, Goldman Sachs, Morgan Stanley, MUFG, RBC Capital Markets, Bank of America, Crédit …

Accounting giant PwC has agreed to lease approximately 350,000 square feet at One Eden, a redevelopment of an office property currently known as 33 Canada Square at CWG’s Canary Wharf mixed-use complex in London. Currently occupied by Citigroup’s EMEA headquarters, the space will be redeveloped in advance of PwC’s arrival. The new space will address …

U.S. industrial real estate continued to strengthen in 2026’s second quarter as demand and supply were in balance, pushing the national vacancy rate below 7% while leasing activity reached its highest level since mid-2022, Cushman & Wakefield said in its latest report. Year-to-date, occupiers have absorbed 113.6 million square feet of industrial space, the strongest first-half …

The Trepp CMBS special servicing rate increased by 34 basis points in June to 11.20%, reversing May’s decline. Special servicing rates increased in four of the six major property types in June, reported Trepp. Lodging posted the largest increase, rising 44 bps to 8.89%, and office climbed 36 bps to 17.11%, also led by several …

Mayor Zohran Mamdani on Thursday issued the Rental Ripoff Report, a package of 23 tenant protection recommendations. The Real Estate Board of New York (REBNY) responded with a statement from President James Whelan saying that the administration “continues to paint property owners with a broad brush, unfairly characterizing an entire industry.” The recommendations, derived from …

Scoop N Scootery, a rapidly expanding ice cream franchise with 10 locations across seven states, has selected Bleecker Street for its first New York City location.  Lee & Associates NYC arranged the 1,325-square-foot retail lease at 162 Bleecker St., where the company signed a 15-year lease for the ground-floor storefront and plans to open in …

Majestic Realty Co. and the Salt River Pima-Maricopa Indian Community (SRPMIC) have agreed to a 99-year ground lease that will serve as the foundation for a new, light industrial project serving the Community and the greater Phoenix metro area. With an anticipated groundbreaking in 2027, the development is expected to feature up to eight Class-A …

Taiwan Semiconductor Manufacturing Co. (TSMC) plans to spend an extra $100 billion to grow its U.S. business. The company says that money will likely help add four new fabrication plants in Arizona, which would make some of the world’s most advanced computer chips, 2-nanometer and smaller. Those new factories would be added to TSMC’s big …

PKI Solutions has relocated its corporate headquarters to downtown Portland, occupying a larger space at 1000 SW Broadway. The company cited gaining new customers and users, as well as expanding its team, as factors in moving to the new space. PKI Solutions provides software consulting, training, professional services, and assessments to help ensure the security …

Boston-based Intercontinental Real Estate Corporation has acquired Lakeland Town Center, a 125,233-square-foot grocery-anchored retail center located in Auburn, Washington, for $69.5 million. Geoff Tranchina, Gleb Lvovich, Dan Tyner, and Tess Berghoff with JLL Capital Markets marketed the property on behalf of the seller. Built in 2002, Lakeland Town Center is situated on a 12.61-acre site …

A drone-boat startup plans to use the Port of Brownsville as its base for a $3.2 billion military contract. Saronic Technologies Inc. was selected over a competitor in the Bay Area of California. The company bills it as a next-generation shipyard for building advanced autonomous vessels. Saronic plans to break ground on the project this …

KLNB announced that restaurant brand Nan Xiang Xiao Long Bao has opened its new location at 180 American Way in National Harbor. KLNB Principal Josh Weiner represented Nan Xiang Xiao Long Bao in securing the lease, in collaboration with Jerry Johnson of Bennett Williams Retail, who served as co-broker and master broker for the tenant. Tony Summers …

Cushman & Wakefield has arranged a $58.6 million refinancing for The Ellington, a 190-unit luxury multifamily property with more than 16,000 square feet of retail space at 1301 U Street NW in Washington, D.C. The Cushman & Wakefield Equity, Debt & Structured Finance team of John Alascio, Alex Hernandez, Marshall Scallan, Meredith Crawford and Will …