David Simon Passes Away After Battle with Cancer
March 23, 2026
CREFC’s Lisa Pendergast Retiring in August
March 20, 2026
Brookfield Revives GGP Name for Malls
January 7, 2026
RECENT HEADLINES
High Street Sells Seattle Apartment Property for $59.1Mln
April 10, 2026
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Federal Government Building-Use Findings Signal Property Sales Ahead
The General Services Administration recently found that none of the 9,766 buildings the government occupies meet the 60% utilization threshold mandated by the USE IT Act, which could accelerate its property disposition...
Read moreREGIONAL DIGESTS
WATCHLIST
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Deutsche Moves to Foreclose on $340Mln Loan Against Queens, N.Y., Studio Property
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Owner of Miami Beach Hotel Faces Foreclosure
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S&P Downgrades CMBS Deal Against Fee Interest in Saks Fifth Ave. Building
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Canadian Lender Places Stalking Horse Bid for Austin’s Former Motorola Campus
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CMBS Trusts Foreclose on $215Mln Loan Against Manhattan’s 681 Fifth Ave.
RECENT NEWS
High Street Sells Seattle Apartment Property for $59.1Mln
Commercial Real Estate Direct Staff Report High Street Residential has sold the 139-unit Corner 63 Apartments in Seattle for $59.1 million, or $425,179/unit. The buyer was a group of Washington state investors operating as Corner 63 Owner and...
Madison Realty Lends $61Mln Against North Bergen, N.J., Apartments
Commercial Observer Madison Realty Capital has provided a $61 million loan against the 135-unit Braddock Park West apartment property in the northern New Jersey township of North Bergen. The property, at 8601 Bergenline Ave., is owned by Sanz...
USBank Lends $40Mln Against Chandler, Ariz., Industrial Property
Commercial Real Estate Direct Staff Report USBank has provided $40 million of financing against the 318,683-square-foot Chandler Airport Business Park industrial complex in Chandler, Ariz. The loan, filed with Maricopa County, Ariz., allowed the property's owner, CapRock Partners,...
CBL Gets $43Mln Loan Against S.C. Mall, Paying Off Matured CMBS Debt
Commercial Real Estate Direct Staff Report CBL & Associates Properties Inc. has lined up a $43 million mortgage from Bank of Montreal against the 403,671 square feet of retail space that it owns at the 748,094-sf Northwoods Mall...
Embassy Suites Hotel in Palm Beach Gardens, Fla., Sold for $40Mln
South Florida Business Journal Joe Lubeck, chief executive of American Landmark Apartments, has bought the Embassy Suites by Hilton Palm Beach Gardens PGA Boulevard hotel in Palm Beach Gardens, Fla., for $40 million, or $250,000/room. Lubeck purchased the 160-room...
Fairfield Pays $109.99Mln for San Diego-Area Apartments
Commercial Real Estate Direct Staff Report Fairfield Residential has paid $109.99 million, or $555,505/unit, for the 198-unit Resort at Encinitas apartment property in the San Diego suburb of Encinitas, Calif. The San Diego investor acquired the property, at...
Federated Hermes Buys 80% Stake in FCP for $331Mln
Federated Hermes Inc. has purchased an 80% stake in multifamily investment manager FCP for $331 million, including $92 million in a potential earnout payment. The acquisition sharply expands real estate as an asset class for Federated Hermes, a...
Werner to Pay $40Mln for Office Building Near Times Square in Manhattan
The Real Deal David Werner Real Estate Investments has agreed to pay about $40 million, or $207.25/sf, for the 193,000-square-foot office property at 311 West 43rd St. near Times Square in Manhattan's Hell's Kitchen area. The New York...
Downtown Brooklyn, N.Y., Office Sells for $55Mln
Hoodline Gindi Capital has paid $55 million, or $337.42/sf, for the 163,000-square-foot office property at 25 Elm Place in downtown Brooklyn, N.Y. The Gindi family office—Ralph Gindi founded the Century 21 department store chain in 1961—bought the 106-year-old...
Barings Lends $156.7Mln for Purchase of Chicago Office Property
Crain's Chicago Business Barings has provided $156.7 million of financing to facilitate Onni Group's purchase of the 1.1 million-square-foot office property at 161 North Clark St. in Chicago. Onni, of Vancouver, British Columbia, paid $125 million, or $113.64/sf,...
JPMorgan Lending $282.5Mln Against Manhattan’s 1325 Ave. of the Americas Office
Commercial Real Estate Direct Staff Report JPMorgan Chase Bank has agreed to provide $282.5 million of mortgage financing against the 825,905-square-foot office property at 1325 Ave. of the Americas in Manhattan. The five-year loan is slated to be...
Ares to Buy Whitestone REIT in $1.7Bln Deal
Commercial Real Estate Direct Staff Report Whitestone REIT, which owns 56 community shopping centers with 4.9 million square feet in Texas and Arizona, has struck a deal to be acquired by Ares Real Estate Management for $19/share in...
Nuveen Buys Grocery-Anchored Retail Center in Margate, Fla., for $46.3Mln
South Florida Business Journal An affiliate of Nuveen Real Estate has bought Coral Landings III, a 172,526‑square‑foot shopping center in Margate, Fla., for $46.3 million, or $268.37/sf. The Chicago company purchased the retail property from Sterling Organization of...
BKM Capital Pays $43Mln for Phoenix Industrial Property, Gets $32Mln Mortgage
Commercial Real Estate Direct Staff Report BKM Capital Partners has paid $43 million, or $185.34/sf, for the 232,000-square-foot Northwest Business Park industrial property in Phoenix. The Newport Beach, Calif., investment manager acquired 11-building property, at 2310-2440 West Mission...
Major Multifamily REITs Pull Back on Development Amid Over Supply Concerns
Commercial Real Estate Direct Staff Report Concerns of an oversupply of multifamily units and the impact it might have on property fundamentals have pushed the major apartment REITs to pull back on development in 2026. That's according to...
Charlotte’s Queen City Quarter Mixed-Use Complex Hits Sales Block
Charlotte Business Journal CBRE has been tapped to market for sale the Queen City Quarter mixed-use complex in Charlotte, N.C. The property, formerly known as the EpiCentre, is being marketed on behalf of CWCapital Asset Management, special servicer for...
Welltower Buys Assisted-Living Facility Near West Palm Beach, Fla., for $87.2Mln
South Florida Business Journal Welltower Inc. has purchased the Arbor at Lake Worth, a 377‑unit assisted-living facility in Lake Worth, Fla., for $87.2 million, or about $231,300/unit. The Toledo, Ohio, company bought the property from Focus Healthcare Partners...
Beal Bank Lends $176Mln Against 4 CBL-Owned Retail Properties
Commercial Real Estate Direct Staff Report Beal Bank has provided $176 million of non-recourse mortgage financing against four retail properties owned by CBL & Associates Properties Inc., allowing the Chattanooga, Tenn., REIT to completely refinance what had been...
Suburban Chicago Apartments Sell for $61Mln
Crain's Chicago Business Standard Real Estate Investments and Belay Investment Group has paid $61 million, or $238,281/unit, for Martin's Point, a 256-unit apartment property in the Chicago suburb of Lombard, Ill. Standard and Belay, both of Los Angeles,...
MF1 Lends $170Mln for Brooklyn, N.Y., Apartments
Commercial Observer MF1 Capital has provided $170 million of financing for the completion of the 354-unit apartment property at 2366 Bedford Ave. in the Flatbush neighborhood of Brooklyn, N.Y. The property, which is set to open this year,...
National Life Lends $26.75Mln Against San Diego Apartments
National Life Group has provided $26.75 million of financing against the 90-unit 8th & U Apartments in San Diego. Northmarq arranged the three-year loan, which can be extended. The property, at 3843 8th Ave., was developed last year...
Lower Manhattan Office Seen Selling for $100Mln; Apartment Conversion Eyed
The Real Deal A venture of Metro Loft Management and Quantum Pacific Group has agreed to pay about $100 million, or $262.54/sf, for One Whitehall St. in Lower Manhattan, with plans to convert the 380,895-square-foot office building into...
568,811-SF Office Complex in Charlotte, N.C., Comes to Sales Market
Charlotte Business Journal Ares Management Corp. is offering for sale ThExchange, a 568,811-square-foot office complex in Charlotte, N.C. The Los Angeles investment manager has tapped CBRE to market the 14-building property. It took title to the property in...
218-Unit Apartment Property in Denver Sells for $137.3Mln
Denver Business Journal The Dinerstein Cos. has paid $137.3 million, or $629,816/unit, for Steele Creek, a 218-unit apartment property in Denver. The Houston investment firm acquired the property, at 3222 East 1st Ave., from UDR Inc., which bought...
QuadReal Lends $144Mln for Construction of Los Angeles-Area Apartments
QuadReal Property Group has provided $144 million of financing for the construction of Carina, a 408-unit apartment property in Santa Ana, Calif. JLL arranged the three-year loan, which pays a floating-rate coupon, on behalf of the property's developer,...
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