by | Sep 22, 2025 | Hotel
The last remaining proposal to build a casino in Manhattan was voted down Monday by the Community Advisory Committee (CAC) overseeing the $11.2-billion Freedom Plaza bid, according to published reports. Further, four of the six CAC members overseeing a proposal to...
by | Sep 22, 2025 | Hotel
The Westin Downtown Houston Hotel unveiled its multimillion-dollar renovations. The hotel, one of Houston billionaire Tilman Fertitta’s hospitality properties, has been working on the renovations since September of last year. The building’s renovations...
by | Sep 22, 2025 | Multifamily
Siguler Guff & Company announced the origination of a $27.5 million mezzanine loan as part of a broader $86 million refinancing package for Us Bayou Park, a 404-unit luxury multifamily community in Houston’s Montrose neighborhood. Benefit Street Partners...
by | Sep 22, 2025 | Multifamily
MG Properties has acquired The Pearl at St. Rose, a multifamily community in Las Vegas’ Silverado Rancho master-planned community, from The CONAM Group for $64 million. The Pearl at St. Rose is a 270-unit apartment community along the St. Rose Corridor in South Las...
by | Sep 22, 2025 | Multifamily
PENLER partnered with a real estate fund advised by Crow Holdings Capital to acquire three properties throughout the Sunbelt, the most recent being Eleven85, a 288-unit garden-style property in Atlanta. The Atlanta Business Chronicle reports the company paid $67...
by | Sep 22, 2025 | Multifamily
Freehold Capital Management and Rockpoint closed on a $38.7 million financing for Clear Lake Reserve Townhomes, a 199-unit for-rent townhome community in Pooler, Georgia. JLL represented the sponsors, securing a floating-rate, three-year loan through Western Alliance...
by Kipp Gillian | Sep 22, 2025 | Retail
GFO Investments and InSite Group, in partnership with Atlas Hill Real Estate and Prime Finance, acquired Fort Lauderdale’s Galleria Mall and plan to transform the 800,000-square-foot regional shopping center into a retail and lifestyle destination. The new owners are...
by Kipp Gillian | Sep 22, 2025 | Retail
El-Ad National Properties secured an $85 million construction loan from Valley National Bank to start construction on The District in Davie, a $1 billion, 2.8 million-square-foot mixed-use residential and commercial project. It’s believed to be the largest...
by | Sep 22, 2025 | Multifamily
El-Ad National Properties secured an $85 million construction loan from Valley National Bank to start construction on The District in Davie, a $1 billion, 2.8 million-square-foot mixed-use residential and commercial project. It’s believed to be the largest...
by | Sep 22, 2025 | Multifamily
Compass, Inc. and Anywhere Real Estate Inc. said Monday they had agreed to merge in an all-stock transaction. The combined company is expected to have an enterprise value of approximately $10 billion, including the assumption of debt. The merger has been unanimously...
by Kipp Gillian | Sep 19, 2025 | Industrial
Voit Real Estate Services closed the $10,053,160 sale of 1400-1430 Arrow Hwy. in Irwindale, CA. EVP and partner Michael Hefner of Voit’s Anaheim office represented both the seller, DJ CRT, LLC, and the buyer, Dunbar Real Estate Investment Management. The...
by | Sep 19, 2025 | Multifamily
JLL Capital Markets secured a $162-million financing for The Raye by Vermella, a 534-unit luxury multifamily development in New Brunswick, NJ. Senior managing director Thomas Didio, managing director Thomas E. Didio, Jr., director Gerard Quinn and...
by Kipp Gillian | Sep 19, 2025 | Industrial
Zenith Industrial Outdoor Storage (IOS) has completed a new, state-of-the-art cold storage build-to-suit for Kemps, a farmer-owned brand of Dairy Farmers of America. Kemps has secured a new 15-year lease, affirming its longstanding commitment to serving customers in...
by Kipp Gillian | Sep 19, 2025 | Retail
JLL has arranged the $21.05 million sale of The Levee District, a 137,304-square-foot, open-air retail power center in East Peoria, Illinois. JLL’s Capital Markets Investment Sales and Advisory team, led by Senior Director Michael Nieder and Director Brian Page,...
by Kipp Gillian | Sep 19, 2025 | Retail
Lee & Associates’ Commercial Real Estate Services announced the addition of Rachel Corp as senior vice pPresident in the firm’s Tacoma office. Corp brings a deep foundation in retail leasing and investment sales, along with a growth-focused mindset that...
by Kipp Gillian | Sep 19, 2025 | Retail
Retail leasing brokerage Maven Commercial has merged with Goldman Limited, bringing founder Nadine Whisnant on board as principal. In merging Goldman Limited with Maven Commercial, a San Francisco-based commercial broker, Maven significantly expands its East Bay...
by Kipp Gillian | Sep 19, 2025 | Industrial
Avison Young has negotiated a 47,000-square-foot, long-term industrial lease on behalf of the tenant DYWIDAG, a global structural and geotechnical engineering solutions firm. The site is located at 191 S Keim Street in Pottstown, Pennsylvania, within the Pottstown...
by Kipp Gillian | Sep 19, 2025 | Industrial
Los Angeles-based Uncommon Developers said Friday that its Apple Valley AV One Million Distribution Center in Apple Valley was fully entitled and pre-leased. Completion of the entitlement process means groundbreaking and vertical construction on the...
by | Sep 19, 2025 | Multifamily
The Boston Planning & Development Agency (BPDA) voted to approve new zoning for Downtown Boston that would allow towers up to 700 feet tall on certain sites, provided they contained a residential component. The zoning plan goes to Mayor Michelle Wu for her...
by | Sep 19, 2025 | Multifamily
CBRE brokered the sale of 8th + Republican Apartments, a 211-unit mid-rise multifamily community located at 430 8th Ave N in Seattle’s South Lake Union neighborhood. The property was acquired by a confidential institutional investor for $94.85 million. CBRE’s Eli...
by | Sep 19, 2025 | Multifamily
Greystone has provided an $18.85 million HUD-insured loan to refinance Ellwood, a 140-unit multifamily property located in Baltimore, Maryland. The financing was originated by Avi Lifshitz, Managing Director at Greystone. The FHA-insured financing allows the borrower...
by | Sep 19, 2025 | Hotel
Even as the field of potential candidates for a downstate casino license narrowed last week after community advisory boards voted against two proposals, Mayor Eric Adams touted the economic benefits a casino would bring to New York City. The Adams administration on...
by Kipp Gillian | Sep 19, 2025 | Retail
Wells Fargo & Co. has opened a new regional campus in Las Colinas. Employees began working at the two-tower, 855,000-square-foot office campus in August, and move-ins continued through September. The Dallas Business Journal reports that the $455 million project,...
by | Sep 19, 2025 | Hotel
Groundbreaking for a 4,000-person capacity music venue in Austin is expected before the end of the month. The big event will be River Park’s first development. River Park is a 109-acre venture at East Riverside Drive and Crossing Place. The Austin Business...
by | Sep 19, 2025 | Hotel
The city of Greensboro issued a $25.4 million building permit for an AC Hotel at 235 N. Eugene Street in downtown Greensboro. The hotel will be a nine-story, 159-room AC Hotel with a lobby bar and rooftop restaurant called The Bristol. It is phase I of a mixed-use...
by Kipp Gillian | Sep 19, 2025 | Affordable Housing
Since its launch in 2017, the Opportunity Zone program yielded gains strong enough to propel it into permanence under the One Big Beautiful Bill Act. While the much-discussed “no expiration date” for the program is one of the major changes, OZ 2.0 had its share of...
by Kipp Gillian | Sep 18, 2025 | Retail
Vestar, a privately held owner and operator of open-air shopping centers in the western U.S., announced its newest property management assignment: Warner Marketplace. The fully leased 160,000+ square-foot retail center is located at 21301 Victory Blvd. in Canoga Park...
by Kipp Gillian | Sep 18, 2025 | Retail
Pictured: Avalon, Alpharetta, GA, developed by Toro Development Mention the real estate term “mixed use,” and what might come to mind are storefronts, apartment communities and mid-rise or high-rise office buildings. According to Toro Development Company’s Mark Toro,...
by Kipp Gillian | Sep 18, 2025 | Industrial
Pictured: Rendering of South Austin Commerce Center, Buda, TX. Designed by Method Architecture. Not so long ago, the industrial mantra was “bigger is better.” But things have changed in recent years, with micro-flex industrial buildings starting to attract interest....
by Kipp Gillian | Sep 18, 2025 | Retail
PREIT closed on a $56-million loan secured by Dartmouth Mall in North Dartmouth, MA, further advancing the company’s strategy to reduce high-cost debt and increase financial flexibility. The 10-year loan carries an initial interest rate of 7.125% for the first five...
by Kipp Gillian | Sep 18, 2025 | Retail
Federal Realty Investment Trust announced that six new retailers and restaurants, Sephora, Warby Parker, Call Your Mother, South Block, Auntie Anne’s, and Cinnabon, are scheduled to open at Virginia Gateway in Gainesville by the summer of 2026. Federal Realty acquired...
by Kipp Gillian | Sep 18, 2025 | Industrial
The Jefferson County Department of Public Works in Washington successfully conducted its first-ever online surplus property sale on GovDeals, an online marketplace for government agencies to sell real estate and other surplus assets.The county auctioned a 29.52-acre...
by | Sep 18, 2025 | Hotel
The Washington D.C. City Council has approved $3.8 billion project that will include the construction of a new 65,000 seat stadium on the former RFK Stadium site along with a mixed-use development of the surrounding area. The Washington Commanders’ plan to...
by | Sep 18, 2025 | Hotel
The brand, which had 140 company-owned units nationwide, will shutter all restaurants in the Houston, Austin and San Antonio, Texas, markets, along with a couple of stores in the Dallas area. Closures are likely to start on Friday, when all Houston locations will be...
by Kipp Gillian | Sep 18, 2025 | Industrial
Mack Real Estate Group (MREG) has secured $89.25 million in financing for Mack Innovation Park Deer Valley Site C, which was delivered in 2024 and consists of four buildings comprising 584,665 square feet of industrial logistics space in Phoenix’s Deer Valley...
by Kipp Gillian | Sep 18, 2025 | Industrial
Samsung Austin Semiconductor has received a $250 million Texas Semiconductor Innovation Fund (TSIF) grant for its semiconductor fabrication facility in Taylor. The project includes more than $4.73 billion in capital investment. Texas Governor Abbott said, “With...
by Kipp Gillian | Sep 18, 2025 | Industrial
A 211,000-square-foot warehouse along Atlanta’s Beltline Westside Trail has decided to forego the typically nondescript look of an industrial park. Instead, it invited a number of local street artists to adorn the walls. Urbanize Atlanta reports the building, at...
by Kipp Gillian | Sep 18, 2025 | Affordable Housing
The Hemlock, a 297-unit partially affordable property located in Seattle that was purchased by Security Properties from Washington Holdings. Image courtesy of Security Properties Security Properties has expanded its Seattle portfolio with the $400.8 million...
by Kipp Gillian | Sep 17, 2025 | Industrial
Inland Real Estate Investment Corporation and Devon Self Storage have completed the construction of an 88,000-square-foot self-storage facility in Philadelphia, Pennsylvania. Strategically positioned along I-95, the newly redeveloped property sits adjacent to the...
by | Sep 17, 2025 | Hotel
JLL’s Hotels & Hospitality Group has arranged a $53 million refinancing for The Morrow Hotel, a 203-lifestyle hotel located in Washington, D.C.JLL represented the borrower, a joint venture ownership between Trammell Crow Company and MetLife Investment Management,...
by | Sep 17, 2025 | Hotel
KPC Development Company topped out construction on Kali Hotel and Rooftop, Autograph Collection, a $300-million, 300-key hotel rising at Hollywood Park in Inglewood. The only hotel permitted within the Hollywood Park Specific Plan, its anticipated opening date is...
by | Sep 17, 2025 | Hotel
Manhattan casino proposals spearheaded by SL Green Realty Corp. and Silverstein Properties are effectively dead following votes Wednesday by community advisory committees. The committees voted no by a 4-2 margin for both the SL Green/Caesars Entertainment proposal for...
by Kipp Gillian | Sep 12, 2025 | Affordable Housing
The Mason contains 14 stories and 263 units, 26 of which are affordable. Image courtesy of Waterton Waterton has purchased The Mason, a 263-unit apartment community in Chicago. The 14-story building sold for $89.5 million, according to Crain’s Chicago Business. The...
by Kipp Gillian | Sep 12, 2025 | Affordable Housing
Image by RS-photography/stock.adobe.com As the affordable housing sector is set to reap the benefits of an increase in LIHTC allocation and Opportunity Zone overhaul, efficient capital deployment becomes paramount. One key optimization relates to location, where...
by Kipp Gillian | Sep 10, 2025 | Affordable Housing
The Tegford Portfolio occupies nearly an entire city block in the South Bronx. Image courtesy of Ariel Property Advisors Arthur Leeds Real Estate has sold the Tegford Portfolio, a nine-building, 163,428-square-foot portfolio in the Longwood neighborhood of the South...
by Kipp Gillian | Sep 10, 2025 | Affordable Housing
BACA will incorporate a cultural arts center and a multi-purpose performance and rehearsal space for community engagement. Rendering courtesy of Aufgang Architects Gilbane Development alongside partners Blue Sea Development and Artspace broke ground on Brownsville...
by Kipp Gillian | Sep 10, 2025 | Affordable Housing
Outside of the affordable sector, TruAmerica Multifamily acquired this 166-unit asset in Redmond, Wash., just last month. AvalonBay sold the property. Image courtesy of Yardi Matrix Manulife Investment Management and TruAmerica Multifamily have forged a $1...
by Kipp Gillian | Sep 8, 2025 | Affordable Housing
Liberty Village will include 100 market rate townhomes and 25 age-restricted affordable units. Image courtesy of CrownPoint Group. A partnership between CrownPoint Group Inc. and Crossroads Companies has broken ground on Liberty Village, a 125-unit multifamily...
by Kipp Gillian | Sep 3, 2025 | Affordable Housing
A rendering of Wagner Senior Residences. The project was financed when interest rates were at their lowest in more than a decade. Image courtesy of The District of Columbia Housing Finance Agency The District of Columbia Housing Finance Agency has issued funding for...
by Kipp Gillian | Sep 3, 2025 | Affordable Housing
Ventana Ranch, a 288-unit affordable housing community located in Albuquerque, New Mexico.. Image courtesy of Makaela Moya, Aerial Rio Photography National Equity Fund, a Chicago-based nonprofit multifamily and affordable housing real estate investment management...
