What's moving in CRE capital markets, today.
A live aggregation of headlines from the major industry publications — sorted chronologically, source-attributed, all outbound. We don't break news; we surface it.
The Wire
- Realterm Acquires Hunts Point Outdoor Storage Facility
Realterm, an independent global investment manager focused on the transportation industry, completed the acquisition of 935 Garrison Ave., an industrial outdoor storage (IOS) maintenance facility in the Hunts Point submarket of The Bronx. T…
Connect CRE
- Hollywood Multifamily Sale Reaches Three-Year High in Pricing
Colliers arranged the sale of Sophia Hollywood, a Class A, 28‑unit, 40,332‑square‑foot multifamily apartment community located at 1759 N. Gower St. Vice chair Kitty Wallace of Colliers marketed and brokered the deal on behalf of the private…
Connect CRE
- 20 Times Square Loan Returns to Special Servicing
A commercial mortgage-backed securities (CMBS) loan secured by a 99-year ground lease on Maefield Development’s 20 Times Square property has returned to special servicing, according to an alert from Morningstar Credit. The $647.5 million of…
Commercial Observer
- Canero Flips Condo in Miami’s Coconut Grove to El-Ad for $46M
Jose Canero has flipped a terminated condo building in Miami’s Coconut Grove neighborhood for $45.5 million. Developer El-Ad National Properties acquired the Chateau Grove Condominium at 3265 Virginia Street, located between Oak and Day ave…
Commercial Observer
- Chicago-Based Stotan Industrial Launches NASA Causeway Logistics Center in Florida
Stotan Industrial, in partnership with CrossHarbor Capital Partners, has closed on 28.63 acres in Titusville, Florida, for the development of NASA Causeway Logistics Center, a two-building industrial project totaling 306,980 square feet. Lo…
Connect CRE
- Colliers Completes Sale of 321K-SF Kansas City Office Building
Colliers completed the sale of 2323 Grand Boulevard, a 321,000-square-foot office property located in Kansas City’s Crown Center sub-market. Senior Vice President Evan Warwick represented the owner, and Principal Bryan Johnson represe…
Connect CRE
- Ariel Arranges Sale of Gowanus Development Assemblage
Ariel Property Advisors arranged the sale of a premier development assemblage in the Gowanus neighborhood of Brooklyn for $15.75 million, or $273 per buildable square foot. Partner Sean R. Kelly, director Stephen Vorvolakos and associate di…
Connect CRE
- Verdantas Consolidates Three NJ Offices with Bridgewater Lease
Avison Young represented Verdantas, an integrated environmental science, engineering and consulting firm, in a 10,500-square-foot lease at 1044 Rte. 22 in Bridgewater, NJ. The lease covers a partial first-floor space at the Class A office p…
Connect CRE
- Quantum Space to Build New Production Facility in Tulsa
Quantum Space, a company that builds advanced maneuverable spacecraft for defense and commercial space operations, plans to establish a new manufacturing facility in Tulsa, Oklahoma. The facility will serve as the company’s primary si…
Connect CRE
- DAUM Arranges Industrial Outdoor Storage Lease in Rialto
DAUM Commercial Real Estate Services, completed a lease agreement for an approximately 5.18-acre industrial outdoor storage (IOS) site in the Inland Empire city of Rialto on behalf of a national construction and civil engineering company th…
Connect CRE
- Hyatt in SoCal’s Inland Empire Secures $104M to Finance Upgrades
A previously distressed hotel in Southern California’s Inland Empire that was purchased in a bankruptcy auction has secured a nine-figure financing package for a significant renovation. Nonprofit development firm National Core closed on $10…
Commercial Observer
- Father-Son Retail Team Michael and Brian Hirschfeld Join Colliers
A father-son team of retail brokers is taking their generational expertise to Colliers’ New York City operations. Michael Hirschfeld and son Brian Hirschfeld have left JLL to join the retail services arm of Colliers as vice chair and senior…
Commercial Observer
- SakeBrooklyn to Open 7K-SF Brewery at Property Markets Group’s Society Brooklyn
A sake brewery and taproom is coming to Gowanus’ Society Brooklyn development. SakeBrooklyn has leased 6,500 square feet at 500 Degraw Street along the Gowanus Canal. Its new home sits on the northern corner of Society Brooklyn, a new 605,0…
Commercial Observer
- Forest Development’s Peter Baytarian: 5 Questions
Before Peter Baytarian built Nautilus 220, the town of Lake Park in Florida’s Palm Beach County wasn’t known as a hot spot for luxury real estate. Now that the two-tower project has been completed, 90 percent of the project’s 330 units have…
Commercial Observer
- Hochul Pitches Lawmakers a Pied-à-Terre Tax on Homes Valued at $1M and Up
Gov. Kathy Hochul has submitted a proposal to Albany lawmakers to approve a structure for the proposed pied-à-terre tax on non-primary residences in New York City. While Hochul and Mayor Zohran Mamdani have targeted second homes valued abov…
Commercial Observer
- NYC Employee Retirement System Renews 35K SF at The Factory in LIC
New York City’s Employee Retirement System (NYCRS) is keeping its office space in Long Island City, Queens. The pension provider signed a one-year deal to renew its 35,000-square-foot lease at The Factory office complex, Commercial Observer…
Commercial Observer
- Outrigger Industrial Sells 1 MSF Building at Generation Park in Northeast Houston
HOUSTON — Outrigger Industrial has sold a 1 million-square-foot building within Generation Park, a 4,000-acre master-planned development in northeast Houston. The building sits on a 72-acre site at 12515 Lockwood Road and features 40-foot c…
REBusinessOnline
- TruCore Industrial Acquires 72,710 SF Industrial Portfolio in Houston, San Antonio
HOUSTON AND SAN ANTONIO — Tulsa-based TruCore Industrial has acquired a portfolio of two industrial properties totaling 72,710 square feet, one of which is located in Houston and the other of which is located in San Antonio. Both buildings …
REBusinessOnline
- LanCarte Commercial Arranges Sale of 33,000 SF Industrial Building in South Fort Worth
FORT WORTH, TEXAS — Locally based brokerage firm LanCarte Commercial has arranged the sale of a 33,000-square-foot industrial building in South Fort Worth. The single-tenant building at 7610 Will Rogers Blvd. is located within Carter Indust…
REBusinessOnline
- Remedi SeniorCare Signs 10,248 SF Lease Renewal at Flex Building in Plano
PLANO, TEXAS — Remedi SeniorCare of Dallas has signed a 10,248-square-foot lease renewal at 2600 Research Drive, a flex building in Plano. Brian Pafford and Jared Laake of Bradford Commercial Real Estate Services represented the landlord, a…
REBusinessOnline
- Guardian Acquires 332-Unit Ladd Tower Apartment Building in Downtown Portland
PORTLAND, ORE. — Guardian has purchased Ladd Tower, an apartment building located at 1300 S.W. Park Ave. in downtown Portland, for an undisclosed price. Josh McDonald and Joe Nydahl of CBRE, along with Jesse Weber and Andrew Behrens of CBRE…
REBusinessOnline
- JLL Arranges Sale of 365,774 SF Industrial Portfolio Near Los Angeles Across Two Separate Transactions
LOS ANGELES — JLL Capital Markets has arranged the sale of Project Bronco, a multi-submarket industrial portfolio in Los Angeles’ San Gabriel Valley and Orange County submarkets. EQT Real Estate and Berkeley Partners each acquired separate …
REBusinessOnline
- Hanley Investment Group Negotiates $12.2M Sale of Single-Tenant Retail Property in Madera, California
MADERA, CALIF. — Hanley Investment Group Real Estate Advisors has negotiated the $12.2 million sale of a newly constructed, single-tenant retail property located in the San Joaquin Valley city of Madera. The property spans 4,644 square feet…
REBusinessOnline
- Colliers Brokers Sale of 321,000 SF Office Building in Kansas City
KANSAS CITY, MO. — Colliers has brokered the sale of 2323 Grand Boulevard in Kansas City’s Crown Center submarket. Evan Warwick of Colliers represented the seller, Stanton Road Capital LLC. Bryan Johnson of Colliers represented the buyer, C…
REBusinessOnline
- Avison Young arranges 99-year ground lease for an estimated $21.5 million
Avison Young has arranged a 99-year long-term ground lease at 301-307 Third Avenue on behalf of Snake River Development, who is managed by BNS Real Estate. The value of the long-term lease is estimated at $21.5 million, which equates to $30…
Real Estate Weekly
- Rosewood Realty Group Brokers $36.5 Million Sale of 15-Story Hells Kitchen Mixed-Use Building
Rosewood Realty Group announced the $36.5 million sale of 159-161 West 54th Street, a 15-story, mixed-use building on the corner of West 54th and Seventh Avenue in Hell’s Kitchen. Rosewood Realty’s Aaron Jungreis, Ben Khakshoor …
Real Estate Weekly
- AI and cloud adoption propel data center demand to record levels for 2023
Artificial intelligence (AI) and machine learning are touching the corners of every industry in a rapidly changing and exciting way. The data center will serve as the backbone to support its explosive growth at massive scale. According to J…
Real Estate Weekly
- Miller Construction Begins Work on an 80,000-Square-Foot Build-to-Suit Industrial Warehouse in Orlando
Miller Construction Company, a statewide, privately-held construction firm, has begun site work on an 80,000-square-foot warehouse for MSI in Orlando, Florida. MSI is the leading nationwide distributor of flooring, countertops, wall tile an…
Real Estate Weekly
- Local Development Corp. Votes Final Approval of $195 Million Bond Financing for Construction of New 162,626 SF Patient Care Tower at Westchester Medical Center
The Westchester County’s Local Development Corporation (LDC) voted on August 23 final approval of $195 million in tax-exempt bond financing for the development of a new 162,626-square-foot Patient Care Tower on the campus of Westchester Med…
Real Estate Weekly
- NAI James E. Hanson Tapped to Sell 133,032-Square-Foot Retail Power Center in Riverdale, N.J.
 NAI James E. Hanson, the largest New Jersey-based full-service independent commercial real estate firm, announces it has been named the exclusive brokerage for 110 Route 23 in Riverdale, N.J. NAI James E. Hanson’s Jonathan Kristofich …
Real Estate Weekly
- Curtis + Ginsberg Architects To Relocate HQ To Rudin’s One Battery Park Plaza
 Rudin announced today that Curtis + Ginsberg Architects has signed a 12,602 square-foot lease at One Battery Park Plaza in Lower Manhattan. The NYC-based firm, known for providing award-winning architectural servic…
Real Estate Weekly
- Camber Property Group Closes on $23 million Oakland Heights Apartments
Camber Property Group announced today the acquisition and preservation of the Oakland Heights Apartments, a 12 acre 106-unit affordable housing community located at 360 Oakland Street in Manchester, Connecticut. Oakland Heights marks Camber…
Real Estate Weekly