National

Liquid Capital Real Estate Investment basically transferred ownership of a Midtown Atlanta apartment complex to Audubon Capital. Audubon picked up the remaining unpaid balance on the loan. The Crest at Midtown property was sold outright rather than a foreclosure. The Atlanta Business Chronicle reported the Liquid Capital affiliates acquired Crest at Midtown for $85.2 million …

Healthcare Realty picked up a medical office building, an outpatient care facility in Summerville, SC, and a zoned parcel near that could accommodate another medical-related structure in Chapel Hill, NC. The seller was Hammes. The sales price was $56 million. The Summerville properties include Summerville Medical Campus, a nearly 100,000-square-foot, multi-tenant MOB anchored by the …

Greystar and Merrimack College celebrated the opening of two new residence halls, Shawsheen and Essex. The two-building student housing development is located at the intersection of Route 114 and Andover Street in North Andover, MA, representing. the largest increase in Merrimack’s housing stock since 2015.. “We have over 30 years of experience on college campuses across the …

Artificial intelligence giant Anthropic is setting up shop in Cambridge. The San Francisco-based company has signed a lease for 24,000 square feet at Related Beal’s One Kendall Square, the Boston Globe first reported. In a statement, company president Daniela Amodei cited the region’s top life sciences researchers using Anthropic’s Claude to drive their own work, …

Hudson Pacific Properties, Inc. and its joint venture partner have extended the $1.1-billion CMBS loan secured by the Hollywood Media Portfolio. The extension moves the loan’s maturity to Nov. 9, 2027, with the stated interest rate unchanged and no principal paydown required at closing. The 2.2-million-square-foot Hollywood Media Portfolio includes Sunset Gower Studios, Sunset Las …

“You’ll see requirements out in the market and [tenants] have 10 options, 15 options. So when we get a deal, we have to move fast. There’s a lot of urgency and anxiety on the landlord’s side to be able to get it done.” That’s Julian Freeman (pictured above), partner with Cox, Castle & Nicholson, on …

Interra Realty has brokered the $19.2 million sale of Paper Box Lofts, a 35-unit multifamily building at 153-157 W. Ohio St. in Chicago’s River North neighborhood. The transaction equates to $548,571 per unit.  Interra Senior Managing Partner Joe Smazal and Director Mark Dykstra represented the buyer, an affiliate of Los Angeles-based Blatteis & Schnur, Inc. …

Cushman & Wakefield has brokered the $7.27 million sale of Cascade Apartments, a 44-unit multifamily community in Rochester, Minnesota. The firm’s Chris Collins, Lance Steiger, Evan Miller and Erin Salway represented the seller, Patina Management. The buyer was Black Swan Living. The property attracted eight competitive offers from buyers across Minnesota, Wisconsin and Illinois, as …

Rich Properties obtained a $38.55 million refinancing for Tennis Towers Apartments, a 306-unit multifamily community in West Palm Beach that has been owned and operated by Rich Properties for more than 35 years. Berkadia’s Mitch Sinberg, Scott Wadler, Matthew Robbins, Brad Williamson, and Jared Hill arranged the financing on behalf of Rich Properties.  Berkadia originated …

Fox Ridge Capital, Jax Capital Investments and TKF Real Estate Investment sold the Venture Center, a professional and medical office complex located at 3440 Hollywood Boulevard and 200-300 S Park Road in Hollywood, Florida. The final sale price was $69 million. Cushman & Wakefield’s Scott O’Donnell, Dominic Montazemi, Mike Davis, Rick Brugge, Rick Colon, Mike …

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 …

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 …

Widely considered an endangered property type following the COVID-19 pandemic, malls are now the top-performing sector in the U.S., the Wall Street Journal reported. Mall values are up 13% over the past year, more than double the increase in overall commercial real-estate prices, the WSJ reported, citing Green Street data. “In terms of how we …

The CRE Finance Council (CREFC) said Friday that Paul T. Vanderslice has been named president and CEO, effective Sept. 30. He succeeds Lisa Pendergast, who led CREFC for a decade before retiring last month. Vanderslice will join CREFC from BMO Capital Markets, where he serves as head of CMBS and oversees the origination, securitization, and …

Funds managed by AB CarVal, a global alternative investment manager and part of AllianceBernstein’s Private Alternatives business, in conjunction with North River Partners, have acquired a $340-million portfolio of 10 performing multifamily and single-family, build-to-rent construction loans in seven U.S. metro areas. North River Partners, an existing partner of AB CarVal, will manage the portfolio, …

AmTrustRE has completed a comprehensive modernization at 360 Lexington Ave. in Manhattan. Led by preeminent New York-based architecture firm MdeAS Architects, the project reimagines the 268,000-square-foot office building as a modern, hospitality-driven workplace. AmTrustRE acquired the property in late 2024. “360 Lexington Avenue is an exceptional asset in one of Manhattan’s most connected locations, just steps from Grand …

As part of its policy to force most first-year students to live on campus, the University of Arizona in Tucson is building a $247 million, on-campus dorm. Called the Catalina, the dorm will house more than 1,300 students in the nine story structure. It is expected to be open to students in the fall of …

Evergreen Devco is building apartments, a senior living facility and retail in Thornton, just outside Denver. Creekside Gardens will span 26 acres at the southwest corner of East 104th Avenue and Washington Street. The Denver Business Journal reports the 250-unit multifamily development will sit on approximately 9.75 acres toward the center of the 26-acre site. …

Multifamily real estate investment firm Grand Peaks, in partnership with PCCP, LLC, announced the acquisition of West End District, a 424-unit, mixed-use multifamily community located in the heart of Beaverton, Oregon. Completed in 2021-2022, the property pairs contemporary apartment homes with approximately 34,262 square feet of ground-floor retail. The retail component anchors the property as …

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of two Oregon multifamily assets, which traded for a total of $83 million. The transactions included Oak Vale, a 257-unit property in Corvallis, and the 181-unit Anjou Club in Talent. “The quality of construction and maintenance of these two properties attracts and …

Mitsubishi leased 91,761 square feet across floors 31-34 at 1100 Louisiana earlier this year, and now its ready for some improvements. The company expects to spend $26 million on renovationas to floors 31, 32, and 33 in the 55-story tower. The Houston Business Journal reports the work will include the demolition and build-out of about …

Developer NewQuest announced that a 148,000-square-foot Target store at Texas Heritage Marketplace will open on October 11. It will be one of many popular outlets in the planned 800,000-square-foot retail center. Newquest says it’s investing over $400 million into the center. A Lowe’s and Sam’s Club will join Target as anchor tenants. The Houston Business …

Aggregate Real Estate Investors has completed the $58 million acquisition of an eleven-property commercial real estate portfolio in Northern Virginia from Clarke-Hook Corporation. The assets, contained within four separate business communities in Fairfax and Loudoun counties, consist of nearly 320,000 square feet of retail and industrial space, feature more than 90 tenants, and were cumulatively …

CBRE has expanded its Mid-Atlantic leadership team with the addition of Chris Poppell as managing director and investor services leader for the Mid-Atlantic and Dawson Rinder as managing director and Maryland market leader. “Chris and Dawson are outstanding additions to our leadership team and reflect our continued investment in the future of our Mid-Atlantic business,” …