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Harbor Freight Opens Second Anne Arundel County Store

Harbor Freight has selected Robinson Crossing in Severna Park as the site for the group’s second Anne Arundel County location, joining an existing facility in Glen Burnie. The company, which operates

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Manhattan Sees Strongest Quarter of Property Sales Since 2021: Report

A burning desire for high-quality assets has helped Manhattan reach its strongest quarter of property sales deals since 2021, Commercial Observer has learned. During the first quarter of 2026, Manhat

Architecture Firm Populous Expands to 17K SF at RXR’s Starrett-Lehigh Building

Global architecture and design firm Populous is securing its foundations at RXR’s Starrett-Lehigh Building, Commercial Observer has learned. The design outfit opted to renew its current 10,158-square-

Oxford Economics Cuts Global CRE Capital Growth Forecasts

Oxford Economics has cut its global commercial real estate capital growth forecasts for 2026 due to the conflict in the Middle East, the UK-based firm said in a report released today. Certain sectors

Trinity and UBS Secure $600M Refi for Diplomat Resort in South Florida

Trinity Investments and UBS have refinanced the 1,000-room Diplomat Beach Resort in Hollywood, Fla., with a $600 million loan from J.P. Morgan Chase and Citi Real Estate Funding, property records show

Insurance Firm CFC Inks 13K-SF Lease at 5 Penn Plaza

CFC, a London-based specialist insurance provider for cybersecurity protection, has signed a 13,065-square-foot lease at Haymes Investment Company’s 5 Penn Plaza in Midtown, Commercial Observer has le

Connect Phoenix Multifamily 2026 | Phoenix Outlook: Submarkets, Supply & the Next Phase of Growth

Greater Phoenix remains one of the most closely watched rental housing markets in the country. Industry leaders recently gathered at Connect Phoenix Multifamily, SFR & BTR 2026to break down how submar

Newmark Hires Ex-Citigroup Director Philip O’Bannon to Expand Data Center Investment

Newmark has hired Philip O’Bannon to lead its infrastructure capital markets business. O’Bannon, previously a director at Citigroup, will focus on fast-growing investments for Newmark, such as data ce

JPI Building $77.8M Rental Community in The Colony

JPI has started work on Jefferson Grandscape II, a 5-story, 277-unit Class A+ wrap community located at 5500 Nebraska Furniture Mart Dr. in The Colony, Texas. Financed in partnership with Nebraska Fur

Mesa West Provides $47M Refi for 274-Unit Austin Apartment Complex

United Properties has secured $47 million to refinance Bishop Momo, a 274-unit multifamily community that opened two years ago in Austin, Texas, Commercial Observer can first report. Mesa West Capita

Crescent Energy Spending $26.9M Prepping New Houston Offices

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ACRE Lands $123M to Build Second Miami Rental

Asia Capital Real Estate (ACRE) secured $123 million in financing to build a second multifamily development in Miami’s Upper Eastside neighborhood, property records show. Canyon Partners provided the

Highlights from Connect Phoenix Multifamily 2026: How Deals Are Getting Done

Connect Multifamily Phoenix 2026 brought together industry experts to provide insights into sector trends, including how multifamily deals are being capitalized on and executed in today’s market. “Cap

Electrical Contractor Raiden Electric Inks 7K-SF Deal at 45 West 45th Street

Raiden Electric, a privately owned local union electrical contractor, is moving its offices uptown to AFIAA’s 45 West 45th Street in Midtown. The contractor inked a 10-year lease for 6,577 square feet

Genesis Capital Provides $49M Construction Loan for Wynwood Multifamily Project

Evolve Companies has secured $48.5 million in construction financing to build Evolve Wynwood 35, a new 141-unit mid-rise apartment in the Wynwood submarket just north of Downtown Miami. Genesis Capi

Beverage Maker Opens $300M DFW Plant

Contract beverage manufacturer DrinkPAK has opened a 1.4 million-square-foot facility at 7777 Oak Grove Road in Fort Worth. Completed by ARCO National Construction, the facility supports DrinkPAK’s ex

Oak Funding Refis N.J. Office Campus With $80M Loan

A joint venture between Rubenstein Partners and Vision Real Estate Partners has sealed an $80 million loan to refinance a suburban office asset in central New Jersey, Commercial Observer has learned.

Developer Duo Converting Lexington Textile Mill to Apartments

Adam Warfford has teamed up with Daniel Smith to redevelop an old Lexington textile factory into apartments. The Triad Business Journal reports that Warfford, the owner of Warfford & Co. and Smith, an

As SOFR Eases, Funds Rate Refuses to Follow

Executive Summary The effective federal funds rate (EFFR) remains pinned at 3.64%, even as SOFR pressures have eased and the Federal Reserve has injected liquidity through T-bill purchases. The rate’

JLL Negotiates Sale of 851,457 SF Retail Power Center in Allen, Texas

ALLEN, TEXAS — JLL has negotiated the sale of an 851,457-square-foot retail power center in Allen, a northeastern suburb of Dallas. The Village at Allen sits on an approximately 110-acre site and was

Miami Developer Scores $48.5M Construction Loan for Miami Apartments

Evolve Companies obtained a $48.5 million construction loan for Evolve Wynwood 35, a proposed 141-unit midrise apartment located at 535 NW 35th St. in Miami. Northmarq’s Chris Hamel arranged financing

OHT Partners Breaks Ground on 396-Unit Multifamily Project in West Houston

HOUSTON — Austin-based developer OHT Partners has broken ground on a 396-unit multifamily project in West Houston. The site spans 13.1 acres at 19615 Park Row Blvd., and the development, which has yet

Hunt Capital, City of Brownsville Complete Affordable Housing Adaptive Reuse Project

BROWNSVILLE, TEXAS — A partnership between Hunt Capital Partners and the Housing Authority of the City of Brownsville, located in South Texas, has completed an affordable housing adaptive reuse projec

Evolve Inks $49M Refi for Greenville Rental Asset

NewPoint Real Estate Capital provided a $49 million bridge loan for the refinance of Evolve at the Pines Apartment Homes, a 288-unit multifamily property located in Greenville, North Carolina. Evolve

Blackstone Lands $154M Refinancing for Miami Office Towers

Blackstone’s Perform Properties obtained a $154 million loan to refinance 2 and 3 MiamiCentral, a development made up of a 17-story 196,000 square foot office tower, and one that is 12 stories, with j

Lingerfelt, Partners Group Sell Metro Richmond Industrial Portfolio for $175M

RICHMOND, VA. — A joint venture between Lingerfelt and Partners Group has sold a nearly 1.2 million-square-foot industrial portfolio in metro Richmond for $175 million. JLL represented the joint ventu

National Development Receives Approval for 950,000 SF Industrial Conversion Project in Hudson, Massachusetts

HUDSON, MASS. — Local owner-operator National Development has received approval from the Town of Hudson, located west of Boston, for a 950,000-square-foot industrial conversion project. The 148-acre s

Vida Begins Construction on 280-Unit Verona Apartments in Fairburn, Georgia

FAIRBURN, GA. — Vida Cos. has begun construction on Verona, a 280-unit apartment community located at the corner of Landrum and Senoia roads in Fairburn, about 20 miles southwest of Atlanta. The garde

NRP Group, MHCDO Break Ground on 109-Unit Mixed-Income Community in D.C.

WASHINGTON, D.C. — The NRP Group and housing nonprofit Marshall Heights Community Development Organization (MHCDO) have broken ground on The Waymark, a 109-unit mixed-income housing community located

Investment Group Acquires Former Dine-In Movie Theater in Virginia Beach, Plans Indoor Padel Venue

VIRGINIA BEACH, VA. — An entity doing business as BIVI/Padel has acquired the former Beach Cinema Alehouse, a dine-in movie theater located at 941 Laskin Road in Virginia Beach, for $6.3 million. The

Garden Communities Completes Phase II of 520-Unit Apartment Community in Central New Jersey

EAST BRUNSWICK, N.J. — Locally based owner-operator Garden Communities has completed Phase II of Legacy Place, a 520-unit apartment community in East Brunswick, located roughly midway between Newark a

Arrowpoint Properties Buys 85-Unit Apartment Complex in Bedford, New Hampshire

BEDFORD, N.H. — Local owner-operator Arrowpoint Properties has acquired The Meridian, an 85-unit apartment complex in Bedford, located near the Massachusetts-New Hampshire border. Built on 6.4 acres i

UniUni Logistics Signs 43,104 SF Industrial Lease in Meriden, Connecticut

MERIDEN, CONN. — UniUni Logistics Inc. has signed a 43,104-square-foot industrial lease in Meriden, located roughly midway between Hartford and New Haven. The space is located within the 119,775-squar

Raintree Partners Sells Student Housing Portfolio Near UCLA for $62.6M

LOS ANGELES — Raintree Partners has completed the sale of Axiom Westwood, a four-building student housing portfolio adjacent to University of California, Los Angeles (UCLA), to a private multifamily i

High Street Residential Divests of Corner 63 Apartments in Seattle for $59.3M

SEATTLE — High Street Residential, the residential subsidiary of Trammell Crow Co., has completed the disposition of Corner 63 Apartments to an undisclosed buyer for $59.3 million. Located at 6300 9th

Mosaic Investment Partners Completes $56M Student Housing Project Near University of Southern California

LOS ANGELES — Mosaic Investment Partners has completed Tessera, a $56 million student housing development located at 1069 West Exposition Blvd. near the University of Southern California campus in Los

LaPour Breaks Ground on 146,000 SF Black Mountain Commerce Center in Henderson, Nevada

HENDERSON, NEV. — LaPour has broken ground on Black Mountain Commerce Center, a Class A industrial condominium project in Henderson. Located at 835 W. Warm Springs Road, the 146,000-square-foot facili

NYC’s Housing Connect Lottery System Urgently Needs Reform

In 2024, the NYC Housing Connect lottery system received approximately 6 million applications for roughly 10,000 available affordable units. Competition was so fierce that each applicant had just a 0.

The Plan: Brooklyn’s Green-Wood Cemetery Comes Alive With a Restored Visitor Hub

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Development Site Sale Sets Carroll Gardens Pricing Record

Marcus & Millichap closed the sale of 101-103 Luquer St., a development site in Brooklyn’s Carroll Gardens neighborhood, for $5,250,000. Jesse Kay and Jakub Nowak of the Nowak Group of Marcus & Millic

Silverstein Secures High-Profile Leases at DTLA’s US Bank Tower

Silverstein Properties announced lease agreements totaling 53,146 square feet at US Bank Tower, its 72-story office tower in Downtown Los Angeles. Silverstein signed an 18,971-square-foot expansion wi

Biosciences Tenant Inks Full-Building Allendale Lease

Avison Youn completed a 60,215-square-foot, full-building industrial lease on behalf of Regenity Biosciences, a New Jersey-based global leader in regenerative technologies serving the medical device i

126K-SF Industrial Asset in Milwaukee Acquired by Brait Capital

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AI Firm Lovable Chooses DivcoWest’s One Lincoln for U.S. Go-to-Market Hub

DivcoWest said Tuesday that Lovable, a platform intended to facilitate building full-stack apps and websites by chatting with AI, has chosen One Lincoln in Boston’s Financial District as its U.S. go-t

Colliers Arranges Sale of 100-Unit Multifamily Property in Minneapolis

Colliers completed the sale of Anderson Plaza Apartments, a 100-unit multifamily community located at 1800 NE Garfield Street in Minneapolis. Developed in 1963 and family-owned since its inception, th

GID Residential Expands MF Development Platform With Mid-Atlantic Launch

GID announced the continued expansion of GID Residential Partners, its national development platform, with a strategic entry into the Mid-Atlantic market. The initiative will be led by industry vetera

Bridge Logistics Acquires Fontana Warehouse in Off-Market Deal

Bridge Logistics Properties (BLP), a subsidiary of Bridge Investment Group Holdings LLC, has acquired a 133,115-square-foot Class A distribution facility at 10740 Banana Ave. in Fontana, within the In

Health Food Brand Nut Bar to Open First U.S. Location at NYC’s 28 Greenwich Avenue

Things are going to get a little nutty in Greenwich Village this fall. Nut Bar, a Toronto-based health food brand with six locations in the Canadian city, is set to open its first U.S. location in Ne

Goodman, DataBank Partner on 32-MW LA Data Center

DataBank and Goodman Group have formed a joint venture to launch a new 32-megawatt facility in the Los Angeles region, one of the most supply-constrained data center markets in the U.S. The new data c

Fisher Brothers Taps Former RFR Holding Exec Jonathan Frey to Lead Capital Markets

Jonathan Frey, formerly head of debt capital markets at RFR Holding, joined Fisher Brothers in late March as the firm’s new managing director of capital markets. Frey has been tasked with advancing th