National

Spandrel Development Partners announced plans for W Hotels to come to uptown Charlotte as the hospitality anchor of 400 South Tryon. The 200-key hotel, which will feature 173 guest rooms and 27 suites. It is being developed in partnership with 7G Group. 400 South Tryon is a 32-story high-rise that was formerly the Wachovia Center. The hotel …

Greystar and PGIM, the global asset management business of Prudential Financial, completed Lowcountry Logistics Center Building I and began construction of Buildings II and III in the greater Charleston area. The 145,463-square-foot rear-loading facility at 7651 Southrail Road has a clear height of 32 feet, 34 dock doors, and two drive-in doors. Leasing efforts are …

Massachusetts Lt. Gov. Kim Driscoll, Archbishop Richard G. Henning and Boston Mayor Michelle Wu joined with representatives of St. Francis House and the Archdiocese of Boston’s Planning Office for Urban Affairs to cut the ribbon on a 19-story residential tower with 126 mixed-income rental units at 41 LaGrange St. in Downtown Boston. Seventy of the …

Boston-based Berkshire Residential Investments has agreed to acquire Limekiln Real Estate Investment Management, LP’s 50% interest in MF1 Process LLC, making Berkshire the sole owner of the private-label multifamily mortgage lender. MF1 was launched in 2018 as a 50/50 joint venture between Limekiln founder Scott Waynebern and Berkshire. Terms were not disclosed. As part of the transaction, it is …

Marcus & Millichap Capital Corporation (MMCC) arranged $12.6 million in financing for the acquisition of Bel Air and El Commodor Apartments, two contiguous 27-unit multifamily properties located at 315-343 S. Bedford Rd. in Orange. Rick Judge, senior managing director in MMCC’s Orange County office, secured the financing on behalf of a private client. The loan was provided by a …

Harrison Street Asset Management announced several senior appointments within its Investor Solutions Group. The appointments include Dan Fanelli, who will serve as Managing Director and Co-Head of the US Investor Solutions Group, based in New York; James Choi, who will serve as Managing Director and Co-Head of the US Investor Solutions Group; and Dan Kim, who …

Albion Residential and Clayco announced that Albion West End reached its topping-out milestone. This marks the completion of the building’s structural frame, which is a significant step toward delivering the 30-story luxury residential tower to St. Louis’ Central West End on schedule, with first residents expected to be welcomed in spring and full completion of …

Rethink Healthcare Real Estate acquired UF Health / Intuitive Health Emergency Department and Urgent Care Center in Eustis, FL (Orlando MSA). Rethink paid $16.2 million for the 11,097-square-foot facility. Leased by UF Health Leesburg Hospital, the property reflects the kind of mission-critical medical outpatient real estate that continues to attract strong investor demand. The transaction …

Longpoint Partners acquired a 10-building industrial portfolio in Miami-Dade County for $195 million. The portfolio comprises 729,901 square feet on approximately 41.8 acres in established Miami industrial submarkets. The seller’s name was not disclosed. At acquisition, the portfolio was 90% occupied by 74 tenants, with an average tenant size of approximately 9,864 square feet. The …

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 …

Tariff discussions between Canada and the United States have been fractious, to say the least. As of this writing, Canada has issued retaliatory tariffs totaling more than $20 billion on U.S. imports in response to Section 338 tariffs on Canadian goods that were formerly tariff-free under CUSMA. While exposure remains a concern, Cushman & Wakefield …

Since its launch in 2017, Los Angeles-based Logos Faith Development has worked with religious institutions throughout Southern California to convert underutilized land into affordable housing units. The nonprofit organization uses property tax-exempt developments to attract developers and investors to projects that might otherwise be difficult to finance. The developer’s pipeline is currently valued at approximately …

George Comfort & Sons and building owner Wohio Holding Inc. announced a new lease agreement with Diptyque at 16 E. 34th St., a newly renovated office and retail building located between Madison and Fifth Avenues in Murray Hill. Diptyque will occupy 18,017 square feet in a full-floor lease for its North American headquarters. As part of a 10-year lease, …

Rethink Healthcare Real Estate acquired UF Health / Intuitive Health Emergency Department and Urgent Care Center in Eustis, FL (Orlando MSA). Rethink paid $16.2 million for the 11,097-square-foot facility. Leased by UF Health Leesburg Hospital, the property reflects the kind of mission-critical medical outpatient real estate that continues to attract strong investor demand. The transaction …

RED Development acquired a north Phoenix office complex that may be turned into an industrial park. The site was the former tech campus for General Electric, and then later Honeywell. The site is off Interstate 17 and Thunderbird Road and is currently home to two vacant office buildings totaling over 500,000 square feet. The Phoenix Business …

The Capital Services Group of GREA (Global Real Estate Advisors) has arranged financing for three multifamily properties in Oregon. The transactions were secured by a GREA Capital Services team that included Director Anthony Priest and Senior Director Matt Swerdlow, who are based in the New York City Office. The transactions included a $7 million acquisition …

Sagard Real Estate has acquired 1100 Andover Park West, a 133,750-square-foot industrial property in Tukwila, Washington, within the greater Seattle market. Located at the northern end of the Kent Valley, the property sits on approximately 5.6 acres in one of the Puget Sound region’s most established infill industrial corridors. The location provides access to Interstate …

Holt Lunsford Commercial Investments (HLCI) acquired a 14.4-acre site in Northwest Houston for the development of The Bend at 249, a 191,768-square-foot Class-A industrial facility.  The Bend at 249 will feature a single rear-load Class AA industrial building designed for modern distribution, logistics, and light manufacturing users. A spec office will be included with direct frontage …

Kroger recently presented plans for a Kroger’s Marketplace on 16.3 acres at 1025 Keller Parkway. The plans were approved by the town’s planning commission. The town’s council will vote on the matter next month. There is currently a standard-sized Kroger’s at 976 Keller Parkway. It would close. Kroger says it’s cheaper to build a new …

GreenBarn Investment Group and FarmView Ventures announced that global law firm O’Melveny & Myers LLP has signed a 15-year renewal for approximately 100,000 square feet at 1625 Eye Street NW, a 405,000-square-foot office property in Washington, D.C.’s Central Business District. The renewal represents a significant milestone for GreenBarn and FarmView as they advance a comprehensive …

Woodside Health announced the acquisition of two medical properties in Chesapeake, Virginia, including Hillcrest Medical Office Building and Volvo Medical Office. Hillcrest Medical Office Building, constructed in 2021, is located within one of Chesapeake’s fastest-growing residential corridors. Volvo Medical Office, constructed in 2011, is situated along one of Chesapeake’s most established commercial corridors and is …