National

Gilbane Development recently received the green light from the Raleigh City Council to build a 7-story, 308-unit student housing project near North Carolina State University. Site plans show there will be 98 one-bedroom units, 104 two-bedroom units, 32 three-bedroom units and 74 four- and five-bedroom units.   The property is 3.61 acres and currently holds …

The One West Fourth building in Winston-Salem is up for sale. Ardent Companies is the owner of the 14-story, 439,000 square foot office tower. JLL has the marketing assignment. The property sits on about 2.3 acres and has an on-site fitness center and attached parking garage. A deli and cafe is located on the building’s …

Affordable Housing and Services Collaborative, Inc. (AHSC) and The Peabody Companies have been awarded funding from the state to redevelop the Linden Street Community in Needham. Built in the 1960s and 1970s and currently comprising 76 studio apartments for lower-income seniors, the Linden Street Community will be completely renovated in two phases to provide larger …

Danish biopharmaceutical firm H. Lundbeck A/S, which focuses on brain health, said Friday it will establish an innovation hub in Greater Boston and relocate its U.S. headquarters to the region from Deerfield, IL. The transition will occur over the next year. “The US has been an important driver of Lundbeck’s commercial progress and remains central …

Hudson Pacific Properties, Inc. said Friday it completed the sale of 875 and 899 Howard, two downtown San Francisco properties totaling approximately 284,000 square feet, for $65.5 million before prorations and closing costs. The buyer was not disclosed. Formerly occupied by Snapchat, 875 Howard is an approximately 188,000-square-foot office building that was 36% occupied at …

Against a backdrop of high interest rates, inflation and the conflict in Iran, the “tale of two markets” scenario that began in the post-pandemic office sector now encompasses multifamily, Trepp’s Lonnie Hendry told the audience at Connect Apartments 2026 in Los Angeles. Not only is the have/have-not dichotomy market-specific, he added, “you could have two …

Amazon is planning to invest $100 million to establish an advanced manufacturing facility in Greenwood, Indiana, in a move that would also create 300 jobs. Indiana Governor Mike Braun announced that Amazon will establish a new manufacturing facility in central Indiana by the end of 2028. “Amazon’s decision to locate this facility in Indiana is …

Daniel Management Group (DMG), a Chicago-based real estate firm focused on multifamily investment and management, announced an extension of our relationship with Hawthorne Management Services (HMS) in Mundelein, Illinois. DMG is awarded Lakeside Village Apartments, a community with 144 newly renovated units. The development is located near Hawthorne Mall and one mile from the METRA …

Transwestern brokered the acquisition of a 112,000-square-foot industrial property at 2100 NW 88 Court in Doral, Florida, for $29.5 million. Transwestern’s Carlos Gaviria, Ben Eisenberg, Walter Byrd and Thomas Kresse represented the buyer, Jet Engine Technology Corporation, while Casal Group represented the seller, Century Properties. The building is down the street from Jet Engine’s headquarters. …

Rilea Group broke ground on the Mohawk at Wynwood, a 300-residence mixed-use development located at 50 NE 29th St. Comprising 12- and eight-story residential towers, Mohawk will feature 300 apartments and 29,118 square feet of ground-floor retail, organized around an open-air, cobblestone pedestrian paseo connecting Northeast 28th and 29th streets. The project is being built by Coastal Construction …

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 …

PCCP, LLC announced that PCCP Equity X and PCCP Credit XI raised a combined $5 billion in capital commitments across its opportunistic equity and value‑add credit strategies. The two funds mark PCCP’s largest to date. PCCP Equity X, the firm’s opportunistic equity vehicle, closed with $2.7 billion in commitments, an increase from $1.8 billion in …

Photo: 100 Wall Street, VTS Marketplace Office-to-residential conversions might bring to mind occupier relocations, gutted interiors and retrofitted systems. Then, there are the partial office-to-residential conversions, in which some space is allocated to office occupiers, while upper floors are converted into for-rent units. “We are seeing partial conversions become an increasingly relevant option for certain …

Newmark has arranged a $310-million construction loan on behalf of Namdar Group for 555 Summit Ave., an 873-unit multifamily development in Jersey City. The property represents the first phase of a planned two-tower development totaling 1,542 units across 555 and 547 Summit Ave. The financing was provided by TYKO. Co-head of Global Debt & Structured …

JPMorgan Chase & Co. is in talks to lead a $3.8-billion financing for Extell Development’s plan to build condominiums on Manhattan’s Upper West Side at a site that formerly housed the headquarters of the ABC television network. Bloomberg News reported that the financing would be among the largest construction loans ever in the U.S. Extell …

BWE secured a $27.3 million loan to finance the acquisition of Prospect Innovation Campus, an 11-building, 226,461-square-foot light-industrial flex/R&D portfolio located in Fort Collins, Colorado. Ogilvie Partners was the seller. The buildings sold for $42 million. BWE’s Peter Keepper and Summer McSwain originated the loan from a life insurance company. The fixed-rate loan features interest-only payments …

Institutional Property Advisors (IPA) brokered the sale of Ascend at Black Canyon, a 260-unit multifamily property in Phoenix, Arizona. The asset traded for $58.7 million, or $225,769 per unit. DR Horton was the seller, Millburn & Company the buyer. Steve Gebing and Cliff David, IPA executive managing director of investments, represented the seller and procured …

HFO Investment Real Estate has completed the $27.3 million sale of Fieldstone Luxury Apartments, a 154-unit community at 20650 NE Halsey St. in Fairview, Oregon. Affordable Housing Associates of Irvine, Calif., sold the property to Benedict Canyon Equities of Los Angeles. The transaction closed at a price of $177,272 per unit. The sale price marks …

Institutional Property Advisors, a division of Marcus & Millichap, announced the sale of Griffis North Creek, a 524-unit multifamily property in Bothell, Washington. “Griffis North Creek is an institutional-quality asset situated on nearly 50 acres of land in one of the region’s most dynamic employment hubs, a combination that is increasingly difficult to replicate in …

OHT Partners was recently greenlit by the Austin City Council for a zoning change to build a 435-unit apartment complex on the site of a former Austin school. The site under consideration is where the shuttered Rosedale Elementary is located. The Austin Business Journal reports that currently, the property is owned by the school district. The …

A joint venture between NorthPoint Development, Olympus Ventures and a local family partnership has broken ground on a 1-million-square-foot industrial project in Haslet, about 25 miles north of Fort Worth. This initial building is part of the larger Intermodal Logistics Center West, a development planned to encompass 8.4 million square feet across nine buildings on …

The NRP Group, in partnership with Marshall Heights Community Development Organization, Inc., announced the completion and opening of Emblem Apartments, a 115-unit affordable housing community located in the heart of Washington, D.C.’s NoMa and Union Market neighborhoods. “We call this community ‘Emblem’ for a reason: because it is emblematic of how NRP and our partners …

Newmark has arranged the $56.25 million sale of 4075 Wilson Boulevard, a 188,014-square-foot office property in Arlington’s Ballston submarket. An institutional investor acquired the property from FarmViewVentures LLC, Rithm Capital Corp. and GreenBarn Investment Group. Newmark Capital Markets Executive Managing Directors Jud Ryan and James P. Cassidy, along with Vice President Grant Marley, represented the …