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Bally’s Lands $560M Loan From WhiteHawk for Bronx Casino Development

about 12 hours ago
Bally’s secured a $560 million debt package from WhiteHawk Capital Partners to fund the development of a 3 million-square-foot casino complex in the Bronx, New York. The project includes a 500-room hotel and a 2,000-person event center and is part of three gambling projects approved by New York State. The financing will support pre-construction and other related expenditures, with the deal expected to close in the third quarter.

Stockdale Leads $157M Shopping Center Acquisition in Southern California

about 12 hours ago
Stockdale Capital Partners and Hamilton Lane acquired the Shoppes at Chino Hills, a 378,140-square-foot lifestyle retail center in Chino Hills, California, for $157 million. The property, anchored by Trader Joe's and Barnes & Noble, serves over 300,000 residents within five miles. The buyers plan to rebrand and reposition the center to attract more national retailers and experiential concepts, capitalizing on strong demand and limited supply in Southern California's retail market. This acquisition reflects growing investor confidence in open-air and grocery-anchored shopping centers.

Hines and Rialto Credit Partners’ Debt Fund Closes at $1.1B

about 13 hours ago
Hines and Rialto Capital have closed their office-focused credit fund, Hines Rialto Credit Partners, at $1.1 billion in investor commitments, aiming to invest in U.S. office credit assets. Since launching in 2024, the fund has provided significant financing for office properties including the Textile Building in New York, One American Plaza in San Diego, and an office campus in Short Hills, New Jersey, reflecting strong investor demand and a focus on detailed asset-level underwriting amid a complex refinancing market.

Dwight Investment Group Supplies $130M Refi for Phoenix Apartment Tower

about 14 hours ago
Bridge Investment Group and Hatteras Sky secured $130 million in bridge debt to refinance the newly completed Saiya mixed-use multifamily tower in Downtown Phoenix, Arizona. The 23-story building features 389 apartment units and 12,550 square feet of retail space, including upcoming tenants Pablo's restaurant and Yvree wellness studio. The refinancing also funded an interest reserve, supporting the development's role in the local Opportunity Zone and ongoing neighborhood growth.

J.E. Richards, Maker of Data Center Components, Signs Massive Northern Virginia Lease

about 14 hours ago
J.E. Richards, a commercial electrical contractor and manufacturer of data center components, signed a 10-year lease for 935,000 square feet at Capitol 95 Logistics in Stafford, Virginia. This represents the largest industrial lease in the Metro D.C. to Richmond corridor, reflecting a significant increase in large-scale industrial leasing driven by the data center industry. The lease nearly matches the total industrial space leased in the D.C.-Richmond market in the second quarter, highlighting strong demand in Northern Virginia's industrial sector.

Cohen Brothers Closes Nearly 96K SF in Leases at West Hollywood’s Pacific Design Center

about 14 hours ago
Cohen Brothers Realty Corporation of California has signed seven leases totaling nearly 96,000 square feet at the Pacific Design Center’s Red Building in West Hollywood, California. The leases involve beauty, fashion, and technology tenants in a creative office building, including new leases by SuperOrdinary, Hourglass Cosmetics, Pattern Beauty, Princess Polly, and Lily et Cie, as well as renewals by Grindr and AllSaints. The Red Building is part of a larger campus owned and managed by Cohen Brothers Realty since 1999.

Short-Term Rental Giant Airbnb Launches $250M Housing Construction Fund

about 14 hours ago
Airbnb is investing $250 million to support the development of affordable and mixed-income multifamily housing projects, aiming to address the U.S. housing shortage. The initiative, led by former Biden official Daniel Hornung, will start with a $6.4 million investment in a 200-unit affordable housing complex in Austin, Texas. This effort seeks to convert financing gaps into significant development capital over the next decade, despite criticism that Airbnb's short-term rental model reduces housing supply. The company reported $12.2 billion in revenue in 2025 and plans to use its platform to solicit developer applications for the Housing Accelerator program.

KKR Pays $608M for 51% Stake in Realty Income European Net-Lease Portfolio

about 15 hours ago
KKR has formed a joint venture with Realty Income, a U.S. REIT specializing in net-lease properties, investing $608 million to acquire a 49% stake in a 54-property European portfolio consisting of industrial and retail assets across Spain, Ireland, Poland, and the Netherlands. Realty Income retains 51% ownership and management responsibilities. The portfolio includes tenants from grocery retail, transportation, home improvement, and automotive parts sectors, with a 5.9% cap rate and average lease term of seven years. This deal marks a strategic expansion for Realty Income's global net-lease platform with a joint venture term of at least 17 years.

Law Firm Proskauer Rose Expands to 478K SF at SJP’s 11 Times Square

about 15 hours ago
Global law firm Proskauer Rose is expanding its office space at 11 Times Square in New York City by adding approximately 60,000 square feet across the 31st and 32nd floors, increasing its total occupancy to about 478,000 square feet. The lease renewal extends the term by 15 years, with options for further expansion, and the project is expected to complete in early 2027. The 35-story office tower, owned by SJP Properties, is currently 93% occupied by tenants including Microsoft and other firms.

Rockefeller Group Files Plans to Build 340 Units at 200 West 97th Street

about 15 hours ago
Rockefeller Group plans to develop a 340-unit residential building at 200 West 97th Street on the Upper West Side of New York City. The 28-story building will include ground-floor retail, a parish center school, various amenities such as a rooftop pool, coworking spaces, and a fitness center. The project involves preserving existing church structures and includes affordable housing units under a tax abatement program. The site was acquired from the Roman Catholic Church for $96 million.

PGIM Refis Manhattan Office-to-Storage Conversion With $57M Loan

about 16 hours ago
Mequity Companies and Flatiron Equities Real Estate secured a $57 million loan from PGIM to refinance and complete the conversion of a Class C office building at 152 West 36th Street in Midtown Manhattan into a 1,500-unit self-storage facility operated by Manhattan Mini Storage. The project involves expanding the original warehouse structure by adding eight stories and is expected to finish by early 2027, benefiting from a Midtown South rezoning that will increase demand for self-storage due to new residential developments.

PNC Bank Provides $92M Construction Loan for Luxury D.C. Multifamily

about 17 hours ago
Carr Properties has obtained $92 million in construction financing to develop a 299-unit Class A multifamily apartment complex in Downtown Washington, D.C., specifically in the Foggy Bottom neighborhood. The project includes extensive amenities and benefits from a 20-year tax abatement, with construction starting soon and units expected to be available in 2028.

Fifth Third Bank Expands to 32K SF at 50 Rockefeller Plaza

about 17 hours ago
Fifth Third Bank is expanding its office space at 50 Rockefeller Plaza in Midtown Manhattan, New York, adding approximately 11,000 square feet to its existing 32,347 square feet lease, which runs through February 2034. The expansion reflects the bank's commitment to maintaining a strong presence at Rockefeller Center, a location valued for its workplace experience and client appeal. The building, managed by Tishman Speyer, also houses tenants like Republic Capital Group and Citrin Cooperman.

What Will You Do With Your Turn?

about 18 hours ago
The article is a reflective piece on the significance of time and life, inspired by the remembrance of Sept. 11, 2001. It emphasizes the importance of making the most of our limited time by pursuing meaningful goals, helping others, and creating a positive legacy. The author, a commercial real estate professional, encourages ambition balanced with perspective and intentionality in both personal and professional life. There is no discussion of specific property types or U.S. states in the article.

Embrey’s Garrett Karam Discusses Multifamily Investment Strategies

about 22 hours ago
Garrett Karam, CIO at Embrey, a multifamily developer operating primarily in the Sun Belt and Mountain West, discusses the current multifamily market, investment strategies, and the impact of Treasury yields. Embrey manages 16,000 multifamily units and focuses on tactical location selection and community building. Despite interest rate volatility, Karam is optimistic about multifamily demand outpacing supply, especially for new developments. He highlights the strong lending environment supported by government agencies like Fannie and Freddie and distinguishes private credit in real estate from other private credit sectors, emphasizing its stability due to institutional investors' long-term outlook.

In Los Angeles-Area Retail, a Widening Divide

about 22 hours ago
The article discusses the bifurcated retail real estate market in Los Angeles, California, where high-end and grocery-anchored retail centers are thriving with increased investment and low vacancy, while small immigrant-owned businesses, especially in Downtown L.A. and strip malls, face significant challenges due to federal immigration enforcement, rising costs, and bureaucratic hurdles. The immigrant business sector, particularly Latino-owned firms, has suffered substantial revenue losses and slow recovery, impacting the local economy and community fabric. Despite strong demand in affluent and suburban retail corridors, small businesses struggle to survive amid these pressures.

Sunday Summary: A Clear September Day

2 days ago
The article reflects on the 25 years since the 9/11 attacks, focusing on the rebuilding and transformation of Lower Manhattan, particularly the World Trade Center site led by Silverstein Properties. It highlights the recent groundbreaking of 2 World Trade Center with American Express as the anchor tenant, the shift in the office-to-residential ratio in the Financial District, and the resurgence of office leasing demand. The piece also covers significant real estate transactions and leadership changes in the commercial real estate sector, as well as new developments in Florida and Southern California.

Azimuth Sells New Educational Facility to Equality Charter School for $55M

4 days ago
Azimuth Development Group transferred ownership of a newly built $54.5 million school facility at 801 Bartholdi Street in the East Bronx to Equality Charter School, which will use the 63,000-square-foot building as an elementary school. The property, completed in 2025, includes cafeterias, a gymnasium, and rooftop recreational space, accommodating up to 900 students. Azimuth specializes in community-beneficial projects including affordable and market-rate housing and has developed over 1 million square feet of mixed-use properties in New York City.

Arc Capital Lands $29M Refi for Chapman Market in L.A.’s Koreatown

4 days ago
Arc Capital Partners secured $29.3 million to refinance Chapman Market, a historic 41,241-square-foot retail and dining center in Los Angeles' Koreatown. The property, known as Chapman Plaza, was acquired by Arc Capital 10 years ago and features multiple tenants focused on Korean food and entertainment. The financing was provided by Voya Investment Management, with Northmarq facilitating the debt. The market is a designated Los Angeles Historic-Cultural Monument and a key nightlife destination in Koreatown.

In Health Care Real Estate, Creativity Abounds — It Has To

4 days ago
The article discusses the challenges and strategies involved in upgrading and maintaining health care infrastructure, focusing on the need for proactive investment, revitalization of aging facilities, and adapting buildings for modern clinical needs. It highlights insights from industry experts at the National Healthcare Forum, including large-scale projects like Northwell Health's redevelopment of Lenox Hill Hospital and Mount Sinai's Tisch Cancer Center. The discussion covers the importance of infrastructure resiliency, patient-centered design, and the repurposing of various building types to meet evolving health care demands.

Andreessen Horowitz to Open West Palm Office for Defense-Tech Bets

4 days ago
Andreessen Horowitz (a16z) is opening a new office in West Palm Beach, Florida, leasing space at Related Ross' CityPlace Tower to serve as a regional headquarters for its American Dynamism fund focused on defense-tech investments. This move is part of a broader development effort by Related Ross to transform West Palm Beach into a tech and finance hub, with other major firms like Wells Fargo and Goldman Sachs also leasing office space in the area. The 18-story CityPlace Tower, purchased by Stephen Ross in 2021, is part of a larger project including additional Class A office buildings under construction.

Longpoint Buys Miami-Dade Warehouse Portfolio for $195M

4 days ago
Longpoint Partners, a Boston-based private equity firm, acquired a 10-building industrial portfolio in Miami-Dade County, Florida, for $195 million. The portfolio consists of small-bay industrial properties totaling 729,901 square feet across 41 acres, with 90% leased to 74 tenants. Since 2023, Longpoint has invested nearly $600 million in South Florida industrial properties and also deals in grocery-anchored retail assets, recently selling a retail property near Boynton Beach.

Upper Manhattan Empowerment Zone Relocates HQ to 9K SF at 119 West 125th Street

4 days ago
The Upper Manhattan Empowerment Zone Development Corporation (UMEZ) is relocating its nonprofit headquarters to a 9,000-square-foot office space in the Urban League Empowerment Center, a 17-story mixed-use development in Harlem, New York. The building features office, retail, and affordable residential spaces and was developed through a public-private partnership. UMEZ has been active in the neighborhood since 1995, supporting economic development and community initiatives. The move represents a continuation of UMEZ's commitment to the area and its mission-driven work.

Municipal Credit Union Signs 6K-SF Lease for New Branch at 162-15 Jamaica Avenue

4 days ago
Municipal Credit Union has signed a 15-year lease for a roughly 6,000-square-foot retail space at 162-15 Jamaica Avenue in Queens, New York City. The lease is part of a larger commercial property owned by the Rosilio family, which also includes tenants like a plasma donation center, Cold Stone Creamery, and a Fitness Factory gym. The property was purchased by the Rosilio family in November 2024 for $10.5 million, and the retail space commands rent above $100 per square foot.

Multifamily Developer LCOR Buys Taconic’s UES Life Sciences Site for $73M

4 days ago
Taconic Partners sold a life sciences project at 309 East 94th Street on Manhattan's Upper East Side for $73 million to LCOR, a multifamily developer. The site, planned for a 200,000-square-foot Class A research lab called Iron Horse Labs, is near major medical institutions. Construction began in 2023 with a $79 million loan, but progress is uncertain. This sale follows Taconic's $188 million sale of West End Labs in Manhattan. The life sciences sector in New York City is experiencing a significant drop in leasing volume post-pandemic.

CRE Finance Council Names Paul Vanderslice New CEO

4 days ago
Paul Vanderslice, a veteran in commercial real estate finance with extensive experience at BMO, CCRE, and Citigroup, has been named the new president and CEO of the CRE Finance Council (CREFC), effective September 30. He succeeds Lisa Pendergast, who retired after a decade of leadership. Vanderslice's appointment reflects his deep industry expertise and long-standing commitment to CREFC, where he has served in leadership roles for nearly 30 years.

Harbor Fitness to Open 20K-SF Club at 3460 Nostrand Avenue in South Brooklyn

4 days ago
Harbor Fitness has leased a 20,000-square-foot space at 3460 Nostrand Avenue in Sheepshead Bay, Brooklyn, for 25 years, marking its eighth location. The space includes both indoor and a 6,000-square-foot outdoor area. The property was purchased by Gaama Partners for $5.1 million and was previously occupied by a children's retailer. The lease was brokered by Augenbaum Realty, which represented both parties.

Research & Development Asset Snags $88M Acquisition Loan in San Francisco

4 days ago
A life science research and development property named 300 Kansas in San Francisco secured an $87.9 million acquisition loan from BridgeInvest to support its stabilization and leasing. Developed by Spear Street Capital in 2023, the Class A property offers 152,000 square feet in the Mission Bay submarket, near major tech companies and transportation hubs. Despite a recent increase in vacancy and a slight decline in rents in the San Francisco Bay Area life sciences market, the long-term outlook remains positive due to strong venture capital investment and limited new supply.

Watermark Capital Moves Forward With School-to-Resi Conversion in Crown Heights

4 days ago
Watermark Capital Group is redeveloping a former Roman Catholic school campus in Crown Heights, Brooklyn, New York, into a 42-unit residential building with an additional community facility. The project involves a ground lease from St. Teresa of Avila Roman Catholic Church and is supported by a $16.48 million construction loan from Genesis Capital. The redevelopment follows the relocation of the former school and ongoing challenges faced by the church, including financial strain and deferred repairs.

Japanese Firm Orix Provides $55M Refi for 200-Unit Seattle Apartment Complex

4 days ago
A joint venture among Mack Real Estate Group, Silverstein Properties, and Cantor Fitzgerald secured $55 million to refinance Swell Apartments, a 200-unit multifamily complex located in the Yesler Terrace neighborhood of Seattle's Chinatown-International District. The property, which opened in 2024, includes amenities such as a rooftop sky lounge, fitness center, coworking spaces, and private parking. The refinancing was provided by Japanese investment firm Orix Real Estate Capital and arranged by Newmark.

Jay Roberts of Prosper Group: 5 Questions

4 days ago
Jay Roberts, CEO of Miami-based Prosper Group, is actively developing luxury residential high-rise projects in South Florida, including a $50 million site on the Miami River in Brickell for a 60-story building with 181 units. With a background in investment banking, Roberts leverages his finance expertise and social media presence to raise capital and build relationships. His development pipeline includes projects in Miami and Tampa, focusing on waterfront, high-end sites, including a condo-hotel in Tampa near the Water Street development.

RFR Buys Prada-Anchored Upper East Side Retail Condo at 841 Madison Avenue for $57M

5 days ago
A retail condominium at 841 Madison Avenue in Manhattan's Upper East Side sold for $57 million, with Prada as the anchor tenant. The property was sold by JSRE Acquisitions to RFR Holding, signaling a resurgence of Madison Avenue as a luxury retail corridor. RFR Holding, recently facing financial challenges, plans to focus on office and high-end retail assets through a new investment firm. JSRE has also been active in Manhattan retail sales, including recent transactions in SoHo.

Roadway Moving, Contenur Take Combined 231K SF at Innovo’s 28-90 Review Avenue

5 days ago
Innovo Property Group leased significant industrial space in its Review Avenue Complex in Long Island City, Queens, to two tenants: Roadway Moving, which took 117,000 square feet, and Contenur, which leased 114,000 square feet. These deals follow two other leases at the same six-story industrial development, highlighting strong demand for industrial properties in the area. The average asking rent for industrial space in Queens was $27.50 per square foot in Q2 2026.

Apparel Manufacturer Bagatelle International Inks 24K SF at 463 Seventh Avenue

5 days ago
Bagatelle International, a Canadian fashion brand, has signed a full-floor lease for 23,785 square feet at 463 Seventh Avenue in New York City's Garment District, marking the building's full occupancy. The lease is part of two new office deals totaling 33,083 square feet, with the second lease signed by KS Engineers for 9,298 square feet. Both leases highlight the resilience of the Midtown office market and involve relocations or expansions within Manhattan.

Two Supermarkets Ink Deals Along Brooklyn’s Atlantic Avenue

5 days ago
Two new supermarkets, CTown Supermarkets and Atlantic Market, have signed 20-year leases for retail spaces at two newly developed residential projects by EMP Capital Group on Atlantic Avenue in Prospect Heights, Brooklyn, New York. These developments, known as Prosper Brooklyn and Eight80 BK, include 237 and 257 residential units respectively and were built under New York City's FRESH program and the Atlantic Avenue Mixed-Use Plan to support neighborhood growth and affordable housing. Both supermarkets are set to open in the third quarter of 2027, providing essential retail amenities to the expanding community.

S3 Capital Lends $45M to Build Williamsburg Apartments on Church Land

5 days ago
A Brooklyn developer, GW Infinity, secured $45 million in construction financing from S3 Capital to build a 99-unit multifamily apartment building in Williamsburg, Brooklyn, New York. The 17-story project will include 20% affordable housing units under NYC's 485-x tax incentive program and is located on land leased from the Roman Catholic Church. The financing was structured creatively around the leasehold interest, allowing construction without purchasing the land outright. Williamsburg's multifamily market shows strong fundamentals with low vacancy and rising rents.

Coney Island Prep Inks 45K-SF Deal to Relocate to 773 Neptune Avenue

5 days ago
Coney Island Preparatory Public Charter School is relocating from Gravesend, Brooklyn to a new 45,190-square-foot condominium leasehold at 773 Neptune Avenue in Coney Island, New York. The school plans to open in summer 2027 with capacity for 500 students, featuring purpose-built facilities including labs, a gymnasium, and a kitchen. The lease is for 39 years, and the development is by Rybak Development. The site may be part of a larger 14-story mixed-use building completed in 2025, with a total of 139,000 square feet.

Affinius Capital, Axonic Capital Lend $48M for Suburban Boston Apartments Build

5 days ago
Dinosaur Capital Partners secured $48 million in construction financing to develop a 130-unit multifamily apartment project in Lexington, Massachusetts, a suburb of Boston. The five-story building will feature 110 market-rate apartments, 20 affordable units, 400 square feet of retail space, and amenities including a fitness center, yoga studio, and coworking lounge. The financing was provided by Affinius Capital and Axonic Capital, supporting the development of a Class A multifamily property in a supply-constrained suburban market.

French Perfume Brand Diptyque More Than Doubles NYC Footprint at 16 East 34th Street

5 days ago
Diptyque, a French luxury brand, is expanding its office space in New York City by leasing an entire floor at 16 East 34th Street in Manhattan’s Murray Hill. The 18,017-square-foot deal marks a relocation from its previous 8,097-square-foot office in the Garment District. The building recently underwent renovations and houses other office tenants, highlighting its upscale design and management.

Apollo, BDT & MSD Partners Provide $197M to Build Naples Luxury Condos

5 days ago
Kolter Urban and BH Group have secured $197 million in construction financing from Apollo Global Management and BDT & MSD Partners to develop Olana Naples Residences, a luxury estate-style condominium project in Naples, Florida. The development will feature 12 large condominiums, each approximately 10,000 square feet, with prices starting at $32 million. Construction is planned to begin before the end of 2026 and is expected to be completed by 2028.

Longpoint Makes $195M Industrial Expansion Bet on Miami

5 days ago
Longpoint Partners is expanding its industrial real estate presence in Miami-Dade County, Florida, with a $195 million acquisition of a 10-building industrial portfolio totaling nearly 730,000 square feet. The portfolio is 90% occupied and features well-located small-bay industrial assets with strong tenant diversity, benefiting from Miami's population growth and transportation infrastructure. This acquisition follows a previous $262 million industrial portfolio purchase in the Miami and Fort Lauderdale areas, reinforcing Longpoint's significant investment and operational presence in South Florida's industrial market.

Get to Know the Broker: Teresa Minnick of Christie’s International Real Estate Group

5 days ago
Teresa Minnick is a prominent real estate broker in New Jersey with over 25 years of experience and more than $800 million in sales. She is known for her work on luxury condominium projects such as the Atlantic Club Residences in Long Branch and her role in the revitalization of Asbury Park. Minnick's career highlights include overseeing large-scale oceanfront developments and contributing to the transformation of the Jersey Shore real estate market.

One Generation’s Senior Housing Boom Is Another’s Bust

5 days ago
The article discusses the current boom in senior housing driven by baby boomers, highlighting that while occupancy and transaction volumes are high, future generations like Generation X may not afford the premium senior living options being developed. It emphasizes the need for developers and investors to rethink capital structures and product designs to create more flexible, affordable senior housing solutions to meet the growing middle-income senior population's needs.

26 North Inks 84K SF Lease at Midtown Office Near Central Park

5 days ago
The Midtown Manhattan office tower at 40 West 57th Street has secured new tenants, including 26 North, which signed an 84,000-square-foot lease for four floors with an 11.5-year term, and Mack Real Estate Group, which leased 20,750 square feet on the 17th floor. The building, operated by LeFrak, offers amenities such as private parking, a lounge, cafe, terrace, and conferencing, with wellness features planned for 2027. The office market in Manhattan is experiencing strong leasing activity, on track for its best year since 2000, despite recent monthly declines.

CBRE Investment Management Expands Net-Lease Footprint With $1.6B Tenet Acquisition

5 days ago
CBRE Investment Management has acquired Tenet Equity from Cerberus Capital Management for $1.6 billion, adding a national net-lease platform with over 200 properties across 39 states. This acquisition reflects growing institutional demand for long-duration real estate income streams, particularly in industrial, retail, and office sectors. The net-lease market saw $12.8 billion in investment in Q2 2026, with industrial properties leading growth. The deal highlights a trend toward acquiring operating platforms that offer tenant relationships and origination capabilities, despite challenges from higher interest rates and supply increases.

Friedman’s Restaurant Ownership Buys Upper West Side Retail Space to Open New Spot

5 days ago
A restaurant ownership group behind Friedman’s Restaurant and Pastrami Queen has purchased a 5,000-square-foot retail co-op on Manhattan's Upper West Side for $4.1 million to open a new Friedman’s location. The existing tenants, Barney Greengrass and Hudson & Charles, will remain in their spaces. This acquisition expands the group's presence in Manhattan while preserving established local businesses.

Law Firm Thompson Relocates to 4K SF at Cohen Brothers’ 622 Third Avenue

5 days ago
Thompson, a boutique law firm specializing in mergers and acquisitions, tax transactions, and intellectual property, is relocating its New York City office to a 4,000-square-foot space on the 16th floor of the 40-story office tower at 622 Third Avenue, also known as Grand Central Plaza. The firm signed a five-year lease at an asking rent of $75 per square foot and will move from its current location at 75 Broad Street in the Financial District in the fall. The building, designed by Emery Roth & Sons, underwent a $5 million renovation in the early 2010s and houses tenants such as TemPositions, Zenith IOS, and Cooper-Horowitz.

Law Firm O’Melveny Renews 100K SF at 1625 Eye Street in D.C.

5 days ago
O’Melveny & Myers has renewed its lease for 100,000 square feet at 1625 Eye Street NW in Washington, D.C., where the building's new owners plan a major renovation to reposition it as a high-end office asset. The upgrades will include a redesigned lobby, enhanced security, new retail dining options, rooftop gathering spaces, a conference facility, and an expanded fitness center. The building features a 425-space parking garage and is located near the White House.

Prime Finance Supplies $63M Refi for Chelsea Multifamily Portfolio

5 days ago
Slate Property Group secured a $63 million loan to refinance three multifamily buildings in Manhattan's Chelsea neighborhood, totaling 94 units and 68,139 square feet. The refinancing reflects the resilience of the submarket and the quality of the assets, which have been fully leased following recent renovations. The properties are located near the High Line and Chelsea Market in New York City.

Hibachi Eatery Bijin Omakase Signs 5K-SF Lease in Long Island City

6 days ago
Bijin Omakase, a hibachi restaurant, signed a 15-year lease for a 5,077-square-foot ground-floor space at Trio, a nine-story residential building with 34 units located at 27-19 Thomson Avenue in Long Island City, Queens. The lease was negotiated by RTL brokers and the asking rent was $130 per square foot. The space met the tenant's specific physical requirements for their hibachi concept, leading to a quick lease execution.

Manhattan’s Supply of New Condos to Hit Highest Level Since 2014 This Fall: Report

6 days ago
The Manhattan condo market is expected to see a significant increase in new sponsor units released in the fourth quarter of 2026, with 768 units across 20 new developments, marking the largest quarterly release since 2014. This surge follows years of supply constraints and pent-up demand, with a total of about 1,100 new units projected for 2026. The Upper East Side is highlighted as a particularly active neighborhood. The market's recovery is attributed to renewed investor confidence and successful recent project sales after a slowdown caused by the COVID-19 pandemic.

Harrison Street Hires Dan Fanelli as Co-Head of U.S. Investment Solutions in NYC

6 days ago
Harrison Street Asset Management has appointed three new executives to lead its strategies across the U.S., Asia, and Europe, focusing on expanding its Investor Solutions platform and strengthening institutional client relationships. The firm, managing over $110 billion in assets primarily in student housing, senior housing, and medical offices, continues to evolve its global team and scale its platform while recently divesting about $6 billion in properties.

LORE and Element Land $58M to Build Miami Condo

6 days ago
LORE Development Group and Element Development secured a $58 million construction loan for an eight-story boutique condo project called the Lincoln in Miami's Coconut Grove neighborhood. The development will feature 48 units with amenities such as a rooftop pool and valet parking, with construction expected to complete by the third quarter of 2028. The site was purchased for $8.6 million in 2023, and 40% of the units have already been pre-sold. The Coconut Grove area continues to attract significant investment and luxury developments.

Madison Realty Capital Lends $77M for Whole Foods-Anchored Texas Development

6 days ago
Trademark Property Company and Harrison Street Asset Management secured $77 million in construction financing for the Shivers Farm mixed-use development in Southlake, Texas, part of the Dallas-Fort Worth area. The project includes 37 single-family residential lots, 161,000 square feet of retail and office space, and features a 35,500-square-foot Whole Foods, the first in Southlake. The commercial portion consists of approximately 128,000 square feet of retail and 33,000 square feet of office space across nine buildings, making it the only grocery-anchored retail property north of SH 114 within three miles.

CBRE Investment Management Acquires $1.6B Net-Lease Portfolio

6 days ago
CBRE Investment Management has acquired Tenet Equity's $1.6 billion net-lease platform, consisting of 208 industrial assets across 39 states, totaling 12 million square feet. The portfolio features long-term leases averaging 17 years with middle-market industrial tenants, providing a hedge against inflation. CBRE IM will collaborate with Tenet Equity to manage and expand the net-lease platform, leveraging their combined expertise.

Skip the Script — a Great Seller’s Broker Creates a Strategy Based on Market Feedback

6 days ago
The article discusses the importance of a flexible and strategic approach in marketing investment properties, emphasizing that brokers should adapt their process based on market feedback rather than following a rigid script. It highlights the need to balance urgency and sufficient market exposure, maintain fairness and transparency to keep buyers engaged, and use competitive tension to maximize seller proceeds. The author stresses that every stage of the bidding process should be informed by the quality and distribution of offers, and brokers must use judgment to decide whether to proceed with additional rounds or negotiate directly with a strong bidder. Ultimately, the goal is to optimize the seller's outcome by intelligently managing competition and buyer confidence.

SL Green Sells 110 Greene Street to Natora Group for $226M

6 days ago
SL Green Realty, New York City's largest office REIT, has sold 110 Greene Street, a 13-story Class A office building in Manhattan's SoHo, for $226 million to Natora Group. The sale is part of SL Green's broader strategy to divest up to $2.5 billion in residential and commercial properties, including several other office buildings in Midtown Manhattan. The transaction was structured as a 1031 exchange, with proceeds cycling to the Blackstone Group. SL Green had acquired 110 Greene Street in 2015 and brought it to full occupancy at market-leading rents before the sale.

Dwight Refis LA-Area Apartments With $62M Loan

6 days ago
GR Properties USA secured $62 million in bridge debt from Dwight Investment Management to refinance the newly developed Lana multifamily project in Culver City, California. The 139-unit property includes studios, one-bedroom, and two-bedroom units, along with 2,000 square feet of commercial space and various community amenities. The financing will cover an interest reserve and pay down previous debt and preferred equity.

AI Real Estate Platform Orbital Leases 11K SF at 40 West 25th Street

6 days ago
Orbital, an artificial intelligence platform supporting real estate attorneys, is relocating its Manhattan office to a full floor at 40 West 25th Street in New York City to support its growth and attract talent. The lease was brokered by JLL, and the building is owned by Kaufman Investments and AXA Insurance. Orbital, founded in 2018, also has offices in Los Angeles and London and handles over 250,000 property transactions annually. The move reflects increasing demand from AI and technology companies for high-quality office space in amenity-rich neighborhoods.

Colorado Springs' Multifamily Occupancy Climbs to Near 4-Year High

6 days ago
Colorado Springs' multifamily real estate market is showing strengthening fundamentals with rising occupancy rates reaching 94.4% in mid-2026, driven by strong demand and reduced new supply. Vacancy rates are low, especially in North Colorado Springs, and net absorption has significantly increased, outpacing new unit deliveries. Rents are beginning to recover with a modest increase from the previous year, while investment activity has improved but remains below historical levels. Key transactions include the sales of Copper Chase Apartments, Lincoln Springs Apartments, and Newport Square.