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Market updates, deal breakdowns, risk alerts, and investment insights for NNN professionals.
Marcus & Millichap announced the sale of a LA Fitness-anchored, four-suite retail property in Mundelein, Illinois. The property sold for $13.976 millkion. Marcus & Millichap Capital Corporation, a sub
Colliers announced the sale of a six-building industrial portfolio totaling 954,072 square feet located throughout the Northwest, Northeast and Southwest submarkets of the Indianapolis metropolitan ar
A new interpretation of Tacoma’s zoning code clarifies that stand-alone data centers cannot be permitted under current regulations. In a joint statement released this week, Tacoma City Councilmember L
JLL completed a 6,576-square-foot lease in the Shockoe Slip district of Richmond, Virginia. Sandbox, a Richmond-based consulting firm and provider of fractional finance and accounting, HR, business op
Aspen Hospitality, a division of Aspen One, said it will build the first and only hotel in Rockefeller Center as part of its launch of Nell Hotels, a new luxury brand. The Nell New York is set to open
Washington, D.C.’s office market saw renewed leasing momentum in Q2, led by several large law firm transactions after a slower start to the year, according to a recent report by Colliers. While vacanc
Echodyne, a radar-platform company, has opened a new $40 million manufacturing facility designed to meet growing demand for its drone-detection and airspace-monitoring systems. Headquartered in Kirkla
EVP John Bosko of NAI Capital Commercial’s Investment Services Group represented Orange County Music & Dance (OCMD) in the acquisition of a 24,670-square-foot educational facility located at 17872 Cow
The Metropolitan Chicago industrial market saw fundamentally healthy and increasingly demand-driven in 2026, according to a recent report by Cushman & Wakefield. Chicago’s industrial vacancy rate held
Rockpoint, a Boston-based real estate private equity firm, and Urby, a hospitality-driven multifamily developer, formed a joint venture to acquire land and develop a multifamily residential tower on t
Bisnow’s First Draft Live is a regular series featuring live conversations about the critical stories impacting CRE right now. It is a companion to The First Draft, Bisnow’s daily, flagship CRE newsle
Stanley Black’s Beverly Hills-based investment firm is closing on a nine-figure mixed-use acquisition in another small city a few miles away. Black Equities has paid $106 million for a 115-unit proper
The local industrial market has remained stable amid economic uncertainty, but experts speaking at Bisnow’s Denver Industrial Outlook said population growth is needed to make Denver a top-tier market.
Target has regained its luster. After a few years of declining sales, the company is on the rebound and is opening 300 new US stores by 2035. The Staenberg Group has announced that Target will open a
A business partner involved with the owner of the SoJo Spa Club in New Jersey signed mortgage documents tied to the sale of a West Village building, according to property records. While it’s unclear i
Caruso has set Saturday, August 15 for the grand reopening of Palisades Village, the Pacific Palisades shopping center that closed after the January 2025 wildfires swept through the community. The reo
Siemens Financial and First Horizon have supplied $64.8 million of construction financing to develop a hospital and medical outpatient complex in Florida’s Palm Beach County, Commercial Observer has l
Investment firm Mavik Capital Management is looking to raise capital for a new distress fund. The New York-based firm seeks to raise $1B to acquire distressed commercial real estate assets, Bloomberg
Dimension Financial Realty and Investments hopes to add its footprint to the burgeoning North Phoenix. The Phoenix Business Journal reports the company is proposing a new three-building spec industria
Developer Nathaniel Kelly Foote has secured $65 million of Commercial Property Assessed Clean Energy (C-PACE) debt to complete a mixed-use project with a Marriott-branded hotel in the heart of Colorad
Artificial intelligence companies’ demand for office space has increased 85% year-over-year, VTS reported. The firm’s first-ever report on the AI sector found that demand across the industry’s largest
Lovett Industrial spending $40 million on two Houston industrial buildings along the Easter Freeway. One of the building will be 645,000 square feet, the other 145,000 square feet. The building will b
MTU Aero Engines AG recently opened its refurbished 462,000-square-foot building at 2100 Eagle Parkway in AllianceTexas, Hillwood’s 27,000-acre master-planned development in north Fort Worth. There ar
The planned expansion of a Northwest Austin pharmaceutical manufacturing plant by a multi-national joint venture will nearly double the complex’s size and cost a whopping $500 million. The Austin Busi
HOUSTON — Developer Raven Capital has completed FORME, a 33-story multifamily high-rise located at 5501 La Branch St. in Houston’s Museum District. Designed by LJC Design & Engineering and operated by
SAN ANTONIO — JLL has negotiated the sale of The Legacy Shopping Center, a 353,000-square-foot retail power center located in San Antonio’s Far North Central submarket. Built in 2006 on 32.2 acres, Th
Turnbridge Equities is pursuing permission from the City of Raleigh to build a 20-story tower and single-story retail building near Nash Square. The development will have 220 residential units, 20,984
CORPUS CHRISTI, TEXAS — Self-storage brokerage firm Versal has arranged the sale of Action Storage U-Haul, a 279-unit facility in Corpus Christi. The property spans 51,164 net rentable square feet. Bi
FORT WORTH, TEXAS — NWA Recycling has signed a 17,896-square-foot industrial lease in southeast Fort Worth. The space is located along Fairlane Avenue, although the address was not disclosed. Walker F
NEW YORK CITY — A partnership between Apex Building Group and L+M Development Partners has received $217 million in construction financing for a new affordable housing project in Brooklyn. The project