Two companies, Spot & Tango and MediaRadar, have leased nearly 32,000 square feet of office space at 11 Bryant Park Plaza in Midtown, New York City, with terms of five years and rents ranging from $75 to $95 per square foot. Additionally, an undisclosed fintech company signed a lease for 16,183 square feet in the same building. The property was acquired in November 2025 for $133 million by a joint venture from Clarion Partners.

13th Floor Investments sold Solera at Avalon Trails, a new senior living community in West Delray Beach, Florida, for $29.3 million. The 7.6-acre property features 74 single-story villas designed for residents aged 55 and older, offering maintenance-free living and amenities. The development was completed in 2024, with financing arranged through construction and acquisition loans. The sale reflects growing activity in the senior housing market in the region.

Erez Asset Management, an activist investment firm, has acquired a 5.8% stake in Empire State Building Trust (ESRT), a New York-based REIT owning the Empire State Building and other Manhattan properties. Erez is pushing ESRT to consider selling parts of its portfolio amid declining share value and reduced observatory visitation due to drops in international tourism and new competition. Despite these challenges, ESRT's leadership, controlled by the Malkin family, retains significant voting power.

Jemal Equities secured a $28 million commercial mortgage-backed securities loan from Citigroup to refinance a 10-story, 174,000-square-foot office building at 1530 Wilson Boulevard in Arlington, Virginia. The property, acquired in 2025 at a significant discount from its 2020 price, has seen improvements including a renovated lobby, outdoor terrace, fitness center, and a conference center under development. The building's occupancy increased from 61% to 89%, with a longer average lease term, reflecting successful turnaround efforts by Jemal Equities.

Three women's apparel brands have leased office and showroom space at 231 West 39th Street in Manhattan's Garment District, a building known for housing fashion-related tenants. The leases cover spaces ranging from 900 to 3,332 square feet, reflecting ongoing demand for centrally located office and showroom space in Midtown Manhattan. The building, constructed in 1901, continues to attract apparel and accessory design companies, supporting both creative and business operations in the area.

Cohen Capital and Solomon Acquisitions have signed three new leases totaling 10,266 square feet at their office property located at 242 West 38th Street in New York's Garment District. The tenants include Rothera, Bader Media, and SDGi Architects, each relocating from other nearby locations. The property, a 14-story office building acquired earlier this year for $9 million, also houses tenants like New York Vocal Coaching and 21 Pilates New York.

The article discusses the impact of recent Federal Reserve interest rate hikes on the commercial real estate market, particularly focusing on New York City's multifamily sector. Despite higher financing costs, the multifamily market in New York City remains active and resilient due to strong rental income fundamentals and limited supply. The article highlights that well-capitalized investors with low leverage are better positioned to capitalize on opportunities as refinancing pressures increase and some owners may be motivated to sell. It advises investors to prepare for continued higher rates, emphasizing liquidity, patience, and execution over waiting for ideal market conditions.

Thor Equities Group secured a $43.2 million refinancing loan for its Ardley Portfolio, an industrial property consisting of 11 warehouse buildings totaling approximately 525,000 square feet in Savannah, Georgia. The portfolio, acquired in 2022 for $49 million, benefits from a strategic location near the Port of Savannah and Interstate 95, attracting a diverse tenant mix. The refinancing highlights the strength of the Savannah industrial market and the value of the logistics-focused portfolio.

Silverstein Properties announced new office leases totaling 55,349 square feet at the U.S. Bank Tower in Downtown Los Angeles, including expansions and new leases by firms such as Morgan & Morgan, Buro Happold, and the Los Angeles Area Chamber of Commerce. The tower has seen over 145,000 square feet leased in the past year despite a challenging market, following a $60 million upgrade. Downtown L.A. office leasing reached its strongest quarter since 2019, although vacancy and financial distress remain issues.

Manhattan's third-quarter new development condo supply is 28% below its 10-year average, with 3,027 units currently available compared to the average of 4,209. However, the pipeline for the fourth quarter shows a 40% increase from last year, with 3,796 units expected, signaling a potential market rebound. Contract activity and dollar volume declined year-over-year, but upcoming launches in key residential areas may stabilize supply. Brooklyn also experienced a decrease in new development contracts but has a growing pipeline of 2,139 units for the fourth quarter, suggesting a positive outlook for new launches in both boroughs.

Tishman Speyer has signed a 150-year ground lease to take over stewardship of the landmark Chrysler Building in New York City, with plans to renovate and reposition the building by converting 75% of its vacant space into prebuilt office suites. The deal allows Cooper Union, the landowner, to restore full-tuition scholarships for its undergraduates. The repositioning effort is supported by Canada’s Public Sector Pension Investment Board and aims to revitalize the Manhattan office market.

The article discusses a WiredScore report highlighting the critical importance of digital connectivity in Class A office spaces, revealing that 81% of tenants prefer offices with pre-installed connectivity and 89% would not renew leases due to poor connectivity. Despite this demand, only 25% of tenants have working connectivity at move-in, exposing a gap between expectations and reality. WiredScore, acquired by Meter, is addressing this by investing speculatively in connectivity infrastructure to provide turnkey internet solutions for office tenants, streamlining the move-in process and meeting tenant demands for technology-ready spaces.

Lorient, a Miami-based health care investment firm, is opening its first New York City office by leasing 5,556 square feet at the Durst Organization's 825 Third Avenue office tower in Midtown East. The building recently underwent a $150 million renovation adding modern amenities. This expansion marks an important growth step for Lorient, which also has offices in Miami and Birmingham, Michigan.

The article discusses the critical role of maintenance in multifamily property operations, emphasizing that maintenance should be viewed as a strategic, portfolio-wide operating system rather than a reactive expense. It highlights the need for modernizing maintenance supply chains using intelligent platforms that leverage software, data, and AI to improve efficiency, reduce costs, and enhance resident satisfaction and retention. The article draws parallels to Amazon's logistics model to illustrate how optimizing maintenance workflows can significantly impact net operating income (NOI) and asset performance in multifamily communities.

The Waldorf Astoria Residences at 303 Park Avenue in Midtown Manhattan offer 372 luxury condominium homes with prices ranging from $1.895 million to $18.5 million. Designed by Jean-Louis Deniot, the residences feature over 50,000 square feet of private amenities including pools, lounges, a private porte-cochère, a demonstration kitchen, and unique spaces like the Presidential Library and Bar. Move-ins began last fall, and the development combines historic elegance with modern luxury in New York City.

The Points Guy (TPG), a travel media platform, has leased 11,765 square feet of office space at One NoMad, a 26-story office building located at 875 Avenue of the Americas in Manhattan, New York. The lease term is five years and six months at an asking rent of $85 per square foot. The building recently underwent $10 million in improvements to attract media companies, including the addition of a private theater. Other tenants include advertising network Firefly and digital workspace marketplace Instant Group.

The Miami Design District is reviving the Ursa project, a 20-story development featuring 250,000 square feet of office space and 15,000 square feet of retail space, with BH3 Management joining as a partner and expanding the project by about 40 percent. The project, originally planned for 180,000 square feet of office space, had stalled due to lack of tenants and financing but is now set to break ground next year with completion expected in 2029. Additional developments in the district include a 25-story condo tower and a 12-story luxury hotel, alongside other office projects securing significant financing and leases.

Nomadworks, a coworking operator, has leased 33,783 square feet across three floors in a 12-story office building at 122 West 27th Street in Manhattan's Chelsea neighborhood, marking its fourth location in New York City. The 16-year lease was signed in early September with an asking rent of $32 per square foot. Nomadworks plans to offer private offices, coworking spaces, meeting rooms, and event spaces, with occupancy expected in late January. The building also houses various other tenants including event planners, employment agencies, architects, and galleries.

Los Angeles County office leasing reached its highest level since 2019 in the third quarter, with about 4 million square feet leased, driven mainly by renewals. Availability rates declined overall, with some submarkets like Century City, Beverly Hills, and El Segundo showing significant improvement, while others like Miracle Mile, Burbank, and Culver City still have high availability. Asking rents showed slight annual increases, particularly in Class A spaces, and landlords in premier submarkets are expected to maintain pricing power despite high concessions.

Maryland city and state officials, along with the Greater Baltimore Committee, are seeking an additional $100 million to support redevelopment of approximately 11,800 vacant or abandoned houses and tens of thousands of vacant lots in Baltimore. This initiative aims to revitalize neighborhoods by facilitating financing for real estate projects where construction or rehabilitation costs exceed property values, thereby encouraging private investment and reducing reliance on government and nonprofit programs.

North Palisade Partners secured $71.25 million in financing to develop the Palisade Santee Commerce Center, a 290,618-square-foot industrial project in Santee, California. The development, located on a 13.4-acre infill site near major transportation corridors in San Diego County, will feature two buildings and 296 parking spaces, with completion expected in late 2027. The project addresses strong demand in the industrial sector, which currently has a low vacancy rate of 1.5%, attracting tenants from warehousing, distribution, and light manufacturing industries.

Nightlife operator Romain Zago plans to reopen the historic Cameo Theater in South Beach, Miami Beach, Florida, as a 466-seat restaurant and lounge featuring a bar, dining area, and live theatrical performances. The venue will be modeled after Zago's Hollywood club and restaurant MainRo and aims to create a luxury dining and entertainment experience. The theater has been mostly vacant since 2019 and is located in a 17,589-square-foot Art Deco building.

Casa Serra, a new restaurant affiliated with House of Pasta, has signed a 15-year lease for a 2,824-square-foot space at 227 Front Street in Lower Manhattan's South Street Seaport. The lease, with an asking rent of $100 per square foot, reflects growing retail momentum in the area driven by a mix of residential growth, tourism, and returning office tenants. Casa Serra is expected to open in winter, offering Italian dishes and contributing to the neighborhood's evolving dining scene.

Arad Holdings purchased the landmarked American Bank Note Company Building at 70 Broad Street in Manhattan, New York, for $9.35 million, significantly below its previous asking prices and auction value. The historic Neoclassical building, which has commercial spaces on lower floors and residential units above, has been largely vacant for years and underwent multiple ownership and financial changes, including foreclosure and Chapter 11 proceedings. Arad plans to reposition the property, though specific plans remain unclear.

The article profiles Brendan Wallace, founder of Fifth Wall, a leading investment firm focused on technology in real estate. It covers his family history in Manhattan real estate, his career at Goldman Sachs and Blackstone, and the founding and growth of Fifth Wall, which invests in proptech and emerging real estate asset classes. Wallace discusses the importance of land as a scarce asset, the impact of technology on real estate, and future opportunities driven by AI, autonomous vehicles, and robotics. He also reflects on investment criteria, the role of regulation in AI, and his vision for new real estate companies rooted in space and economic development.

The article discusses the growing impact of artificial intelligence (AI) in commercial real estate (CRE), highlighting its influence across various functions such as data analysis, building operations, leasing, and maintenance. AI is particularly significant in the data centers sector, driving innovation and investment. Industry leaders predict increased adoption and consolidation of AI firms in CRE, with key figures shaping the future of AI integration in the market.

Teresa Stephenson transitioned from a professional acting career to becoming a residential real estate broker and now president at Platinum Forbes Global Properties. She leverages her diverse experience and corporate facilitation skills to lead a boutique brokerage that emphasizes personalized agent support and global reach, especially in the New York City market. The firm recently rebranded to expand its international presence and maintain a high staff-to-agent ratio to help agents grow their business amid industry consolidation.

Miami-Dade County's office market is showing strength with decreasing vacancy rates and rising rents, particularly in submarkets like Airport West and Brickell. The market is experiencing a split between high-end and affordable office spaces, driven by companies expanding or relocating, including major tenants like Google and Banco Sabadell. However, leasing activity has slowed and there is a shortage of large office spaces over 50,000 square feet, which may limit future economic growth. New office skyscrapers are under construction but are not expected to be completed before 2029.

Gravity Fitness has signed a long-term lease for a 23,000-square-foot space at Muss Development's Flushing Plaza in Downtown Flushing, Queens, New York. The gym will occupy the ground floor of a two-story office and retail complex and is expected to open in mid-2027. The development also houses other retail tenants such as Dunkin', Allstar Pharmacy, and the Charles P. Wang Health and Wellness Center, highlighting the area's diverse commercial offerings.

Wavestone, a global consulting firm, has signed a lease for 9,812 square feet of office space on the 13th floor of 511 Fifth Avenue, a recently redeveloped 18-story office building in Midtown Manhattan, New York City. The building offers modern amenities including a lounge, juice bar, and fitness center, and is located near Bryant Park and Grand Central Terminal. The lease terms and rent were not disclosed, but the location and building features align with Wavestone's growth and workplace needs.

Scannapieco Development secured $32 million in agency-backed debt through a HUD loan to refinance the Americana, a newly built 110-unit multifamily property in Philadelphia's Kensington neighborhood. The loan will fund a replacement reserve for future capital improvements and provide access to equity accumulated since construction. The five-story building includes ground-floor retail space and various resident amenities such as a clubhouse, pool deck, outdoor lounge, game room, and fitness center.

Adler & Stachenfeld, a commercial real estate law firm founded in 1997, is relocating its New York City offices within Midtown to a 40,000-square-foot space on the 12th floor of 1301 Avenue of the Americas. The building, a 45-story office tower valued at around $1.3 billion, is owned by a joint venture between Rithm Capital and DRA Advisors, with DRA recently acquiring a 49 percent stake. The firm specializes in real estate transactions including tax incentives and financing, and the move reflects its growth and reputation in the commercial real estate sector.

The article discusses the complex coordination challenges in developing AI infrastructure data centers, emphasizing that while buildings can be constructed relatively quickly, critical components like transformers, power supply, cooling systems, and permitting operate on different timelines. Successful projects require orchestrating utilities, equipment manufacturers, contractors, and technology companies to deliver functioning AI infrastructure on schedule. This coordination challenge is becoming a key competitive advantage in the AI infrastructure boom, shifting the focus from merely securing land and capital to integrating multiple systems effectively.

Safehold has developed a modern ground lease strategy to provide low-cost capital for affordable housing developers, helping to close financing gaps in projects using federal Low-Income Housing Tax Credits (LIHTC). Since launching its affordable housing platform in 2025, Safehold has closed over 25 ground leases in California, particularly Southern California, and recently expanded into Texas. The company aims to grow its presence across the Southeast, Mid-Atlantic, Midwest, and Southwest regions, offering a 99-year lease structure that increases proceeds for developers by 10 to 20 percent at a lower cost of capital, addressing elevated costs and financing challenges in the affordable housing market.

Blackstone's industrial division sold a 210,000-square-foot industrial campus in Fort Lauderdale, Florida, for $57 million to BKM Capital Partners and Kayne Anderson Real Estate. The property, consisting of seven small-bay buildings near Interstate 95, is 97% leased with staggered lease expirations. This acquisition is part of a larger portfolio expansion by the buyers, including additional industrial properties in Central Orlando and Southern California.

Fields Holdings has obtained $94.8 million in construction financing from Affinius Capital to develop Zev Corvallis, a 13-story, 262-unit student housing complex at Oregon State University in Corvallis, Oregon. The project will provide 667 student beds and include 4,500 square feet of retail space, with completion expected in fall 2028. The development addresses the growing enrollment and shortage of new student housing in the area, particularly high-rise residential options.

The article discusses the impact of rising diesel prices on the U.S. retail real estate market, highlighting increased construction costs and compressed retailer profit margins that limit new retail supply growth. Despite strong consumer demand and low retail vacancies, higher costs and supply constraints make it difficult for retailers to expand store fleets, especially for value-oriented chains like Dollar Tree and Dollar General. Retail landlords benefit from tight supply and rising rents, but new development is limited and focused on built-to-suit projects for large tenants. The article also notes declining visits to gas station chains due to high gasoline prices and emphasizes the ongoing challenges for retailers balancing expansion with cost pressures.

GEO Group sold a three-property immigration detention complex in Adelanto, California, to the federal government for $950 million. The sale includes two ICE processing centers and the Desert View Annex, totaling 2,644 beds. GEO plans to use the proceeds to reduce debt, repurchase shares, and fund corporate purposes while continuing to provide support services under existing contracts. The transaction is part of a broader expansion of DHS and ICE's real estate footprint, with GEO also negotiating sales and management of other facilities.

The article analyzes the distress levels in commercial mortgage-backed securities (CMBS) across major U.S. metropolitan areas associated with 2026 MLB playoff cities, highlighting Chicago as the weakest market with a 25.3% distress rate primarily driven by office properties. Other cities like Cleveland and Milwaukee also show high distress, while markets such as San Diego and New York demonstrate lower distress rates due to loan cures and strong asset performance. The distress is largely concentrated in office properties, with some retail and hotel assets also affected, reflecting varied recovery and deterioration trends across regions.

Canyon Partners Real Estate is expanding its credit platform by hiring Chad Goodman to lead opportunistic credit originations across the Eastern and Central U.S. Goodman brings extensive experience from Related Fund Management and Westport Capital Partners, focusing on complex real estate investments. This move follows other recent senior hires aimed at strengthening Canyon's credit origination capabilities nationwide.

The Hekemian Group secured a $45 million loan to recapitalize District Montvale, a 308-unit multifamily property in Montvale, New Jersey, part of the DePiero Farm development. The loan was provided by RXR and the North Carolina Investment Authority through RXR Cardinal Venture, focusing on residential assets in strong demographic markets. District Montvale is 95% leased and includes 16,000 square feet of retail space with national tenants. This deal highlights RXR's expanding Capital Solutions platform and investment in multifamily units, particularly in the New York metropolitan area and North Carolina.

Riverwards Group secured $35.8 million in construction financing, including a senior loan and C-PACE debt, to develop the 170-unit Somerset Phase II multifamily project in Philadelphia's Port Richmond neighborhood. The project is part of the larger Somerset Station master-planned community and is scheduled for completion in early 2028. The financing structure aims to lower the cost of capital and maximize loan proceeds, supported by strong demand and a limited supply pipeline in Philadelphia's multifamily sector. The development will feature a mix of studios, one-bedroom, and two-bedroom apartments with on-site garage parking and benefits from a 10-year real estate tax abatement.

Trebellar, an AI-native platform based in San Francisco, has raised $18 million in Series A funding to automate enterprise real estate portfolio strategies for large corporations. The platform uses AI to provide real-time data and insights on corporate real estate portfolios, helping companies like Uber, Meta, and Merck make faster, more confident decisions about their space needs. Trebellar plans to use the funding to expand its engineering and go-to-market teams and enhance its AI capabilities. The company focuses on corporate real estate, particularly office space management, and aims to transform how enterprises manage their real estate portfolios.

Jessica Rascionato, head of commercial real estate at Citizens Bank, discusses the bank's $25 billion CRE strategy, emphasizing the impact of the 2022 Investors Bancorp acquisition which shifted the portfolio focus from office to multifamily properties. She highlights the evolving CRE market dynamics post-COVID, increased competition from private credit, and ongoing activity despite macroeconomic challenges. Key growth areas include health care and data centers, supported by the bank's expertise and recent acquisitions. The bank remains cautious but active in underwriting and lending, navigating recent regional banking crises with strong client engagement and a diversified portfolio.

The article discusses the evolving investment landscape in Downtown Los Angeles, highlighting challenges such as high office vacancy rates, affordability issues, and financing difficulties. Despite these obstacles, there is growing investor interest driven by discounted property prices, long-term hold strategies, and potential catalysts like the 2028 Olympic Games and new developments. Office and multifamily sectors show signs of activity, though financing remains a significant hurdle for new projects. Various investors, including family offices and out-of-town firms, are positioning for future opportunities in the market.

Rithm Capital has partnered with DRA Advisors in a joint venture to own and operate 1301 Avenue of the Americas, a 45-story, 1.7 million-square-foot office tower in Midtown Manhattan, New York City. DRA acquired a 49 percent stake in the $1.3 billion property, while Rithm Capital retains a 51 percent majority stake and manages the building through its subsidiary Elecor Properties. The fully leased office asset includes prominent tenants and reflects strong confidence in the New York City office market. This partnership follows Rithm Capital's acquisition and rebranding of Paramount Group's office portfolio as Elecor Properties.

The article discusses recent trends in the commercial real estate market, highlighting strong leasing activity in Manhattan office spaces despite economic concerns, significant retail acquisitions and developments, and robust real estate transactions and financing in South Florida, particularly Miami. Key deals include large office leases in Manhattan, the acquisition of Slate Grocery REIT, and major condo, multifamily, and mixed-use projects in Miami, along with a historic land purchase in Wynwood tied to a university expansion.

Developers Kolter Group and BH Group are assembling an oceanfront site in Miami Beach, Florida, to redevelop it into a luxury condo complex. They have acquired the majority of units in the Port Royale condo building and neighboring hotels, including the Normandy Plaza Hotel and Crystal Beach Suites. Plans include demolishing the Normandy Plaza Hotel and constructing a 17-story, 37-unit condo development with ground-floor retail and parking. The project is part of a growing trend of luxury condo developments in North Beach, Miami Beach, following state reforms increasing condo maintenance fees.

Washington, D.C.'s office market remained stable in the third quarter with tenants leasing about 1.8 million square feet, slightly below the previous quarter. Availability decreased to 24%, with premier trophy office space availability under 10%, leading to increased rents and early lease decisions by tenants such as law firms and government departments. Major lease deals included law firm Sheppard and Google, while federal leasing showed a decline. Office inventory dropped due to office-to-residential conversions, reducing available office space in the market.

Nexus Development secured $276 million in refinancing for two senior living communities in Newport Beach, California, totaling 395 units. The financing includes a $140 million loan for the 99-unit Vivante Newport Center and a $136 million loan for the 296-unit Vivante Newport Mesa. These properties feature extensive amenities and are located near prominent local landmarks. The refinancing marks one of the largest per-unit financings in the senior housing sector's history.

Sony is negotiating to become the anchor tenant at Tishman Speyer's planned 48-story, 1.256 million square foot office building at 99 Hudson Boulevard in Hudson Yards, New York. The new all-electric LEED Gold tower, expected to be completed around 2030, aims to provide Sony with larger, more collaborative workspace to replace its current headquarters at 11 Madison Avenue. The project faces a pending vote on a $92 million tax incentive request and is projected to generate significant tax revenue and jobs.

Hines, a family-run investment and development firm, has announced leadership changes with Laura Hines-Pierce continuing as co-CEO alongside Adam Hines, who will also take on significant roles including CEO and chair of the board of Hines Global Income Trust. Other leadership promotions include David Steinbach as president and Alfonso Munk as global chief investment officer. The firm emphasizes strategic growth and leveraging local market insights to enhance execution and opportunity.

Madison Realty Capital provided a $127 million construction takeout loan to refinance the 502-unit Arcadian multifamily development in Fort Lauderdale, Florida. The two-building complex includes affordable apartments, ground-floor retail space, and a large parking garage. The project received funding support from the Fort Lauderdale Community Redevelopment Agency and is part of a revitalization effort in the Sistrunk District. Madison Realty Capital has also financed other new rental properties in South Florida.

Nong Geng Ji, a popular Hunan cuisine brand from China, has signed a lease for a 9,900-square-foot retail space at 365 West 46th Street in Manhattan's Hell's Kitchen, New York City. This three-level location will serve as the brand's flagship in New York and is situated in a highly competitive dining corridor known as Restaurant Row. The space is part of a four-story mixed-use property near Times Square and the Theater District, aiming to bring authentic Chinese flavors to a broad audience.

The World Trade Centers Association (WTCA) has signed a lease for office space at One World Trade Center in New York, marking its return after 25 years. The WTCA, which owns the rights to the World Trade Center name, will occupy 2,556 square feet on the 46th floor, re-establishing its global headquarters in a prime office location. The lease terms were not fully disclosed, but the rent was reported to be in the high $80s to $90s per square foot. This move is seen as a significant milestone for WTCA's growth and aligns with the Port Authority of New York and New Jersey's vision of the World Trade Center as a hub for economic growth and global commerce.

Stockbridge has purchased a 203,000-square-foot Class A industrial property in Upper Marlboro, Maryland, for $56.6 million. The fully leased facility, occupied entirely by Harris Company, supports the data center industry in the Greater Washington area. The property features extensive truck and parking facilities and was previously owned by TA Realty, which acquired it in 2022 for a similar price.

Billionaire Ken Griffin purchased a 35-acre portfolio in Miami's Wynwood neighborhood from Moishe Mana for $1.1 billion, marking one of the largest commercial real estate deals in U.S. history. Griffin also pledged an additional $2 billion to Carnegie Mellon University to establish CMU Miami, aiming to boost Miami's status as a global business hub by addressing its lack of top-tier universities. The development will include educational facilities focused on technology and innovation, with construction starting next year. Mana remains a significant landowner in Downtown Miami and continues to invest in the area.

Maybank and two concierge medical services leased a total of over 14,100 square feet of office space at 575 Madison Avenue in Midtown, New York City. Maybank took 8,629 square feet on the 24th floor, relocating from nearby 400 Park Avenue, while Park 55 Medical Associates leased 5,474 square feet on the 10th and 15th floors. Another unnamed concierge health clinic leased 14,211 square feet in the same building, highlighting strong demand for high-quality office space in Midtown.

CrossHarbor Capital Partners and Mill Creek Residential secured $105 million in construction takeout financing from Helaba for the Modera Riverview mixed-use development in Nashville's Germantown neighborhood. The 400-unit property, completed in 2024, includes nearly 14,000 square feet of retail space fully leased to Legacy Fitness and Indaco restaurant, along with resident amenities such as a pool, rooftop lounge, fitness center, coworking spaces, and a golf simulator. The project reflects strong market momentum in Nashville, Tennessee.

South Shore Commons, a 157,347-square-foot outdoor shopping center located on Staten Island, New York, was sold by Joyland Management to Phillips Edison & Company for $57 million. The property, which has changed hands multiple times in recent years and was refinanced in 2023, features tenants such as Filoncino Bakery Cafe, Dunkin, and Retro Fitness. The transaction was handled by representatives from Joyland Management and Newmark.