All Sectors

Jul 11, 2026•0m ago•schedule1 min read•Source: Connect CRE

New York People and Company News, Week of July 10, 2026

The post New York People and Company News, Week of July 10, 2026 appeared first on Connect CRE .

Latest Articles

Marcus & Millichap Arranges $14M Sale, Financing of Illinois LA Fitness-Anchored Retail Property

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 Facilitates Sale of 954K-SF Industrial Portfolio in Indianapolis

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

Stand-Alone Data Centers Banned in Tacoma

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 Completes HQ Lease for Sandbox at Richmond’s Davenport Building

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 Plans Rockefeller Center’s First and Only Hotel

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

DC Office Market Shows Renewed Momentum

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

Radar Company Echodyne Opens $40M Woodinville Plant

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

Performing Arts School Doubles Instructional Space with Irvine Acquisition

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

Chicago Industrial Market Gains Momentum in 2026

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, Urby Launch JV for 69-Story Residential Tower on Jersey City Waterfront

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

Jul 11, 2026•0m ago•schedule1 min•Bisnow

FIRST DRAFT LIVE: 'Not Happy, But Comfortable': CREFC President On CRE Finding A New Normal

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

Jul 11, 2026•0m ago•schedule1 min•Commercial Observer

In Likely a Culver City Record, Black Equities Buys Multifamily Asset for $106M

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

Jul 11, 2026•0m ago•schedule1 min•Bisnow

Denver's Population Slowdown Is A Hurdle For Otherwise Stable Industrial Market

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 to Debut 128K-SF Firestone Store

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

Jul 11, 2026•0m ago•schedule1 min•Commercial Observer

Douglaston Realty Offloads 7 Cornelia Street in West Village for $25M

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 Sets Mid-August Reopening for Palisades Village

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

Jul 11, 2026•0m ago•schedule1 min•Commercial Observer

Siemens Financial, First Horizon Lend $65M on Palm Beach Gardens Medical Complex

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

Jul 11, 2026•0m ago•schedule1 min•Bisnow

Mavik Capital Looks To Raise $1B, Targeting Distressed Real Estate

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 Moving Ahead on 3-Building N. Phoenix Industrial Park

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

Jul 11, 2026•0m ago•schedule1 min•Commercial Observer

Twain Capital Supplies $65M C-PACE Loan for Colorado Hotel Project

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

AI Tenants’ Office Demand Surges 85% Year-Over-Year

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 Advancing 800K-SF of Houston Warehouse Development

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

Airplane Service Company Investing $120M on FW Plant

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

Pharma JV Spending $500M on Austin Plant Expansion

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

Raven Capital Completes 33-Story Multifamily High-Rise in Houston’s Museum District

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

JLL Negotiates Sale of 353,000 SF Retail Power Center in San Antonio

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 Eyeing Raleigh for Another Residential Tower

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

Versal Arranges Sale of 279-Unit U-Haul Storage Facility in Corpus Christi

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

NWA Recycling Signs 17,896 SF Industrial Lease in Southeast Fort Worth

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

Partnership Receives $217M in Construction Financing for Brooklyn Affordable Housing Project

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

JLL Arranges $111M Construction Loan for Multifamily Development in Miami’s Edgewater District

MIAMI — JLL Capital Markets has arranged a $111 million construction loan for the development of Sense22, a 328-unit multifamily project located in Miami’s Edgewater neighborhood. Max La Cava and Pier

Berkadia Secures $85.4M Refinancing of Two Metro Orlando Multifamily Communities

ORLANDO AND DAVENPORT, FLA. — Berkadia has secured a combined $85.4 million for the refinancing of two Orlando-area multifamily communities. Matt Robbins, Mitch Sinberg, Brad Williamson, Scott Wadler

Four Mile, Midloch Acquire Apartment Community in Louisville for $38.3M

LOUISVILLE, KY. — A joint venture between Four Mile Capital and Midloch Investment Partners has acquired Frontgate Apartments, a 212-unit complex located in Louisville, for $38.3 million. Four Mile as

Madison Commercial Completes Sale of Chick-fil-A Site Near Oglethorpe Mall in Savannah

SAVANNAH, GA. — Madison Commercial, an affiliate of Madison Capital Group, has completed the sale of a Chick-fil-A outparcel at its mixed-use redevelopment of the former Sears and Sears Auto Center si

Roadside Development Acquires 168,000 SF Shopping Center Near Pittsburgh

MOUNT LEBANON, PA. — Washington D.C.-based Roadside Development has acquired the Galleria at Mount Lebanon, a 168,000-square-foot shopping center located just outside of Pittsburgh. Originally constru

Blake, Related Win Bid to Build Massive St. Pete Mixed-Use Project

Blake Investment Partners and Related Group have agreed to pay the city of St. Petersburg $275 milion for the rights to build an expansive mixed-use project on city-owned land. The two were the winnin

PGIM Sells Coral Gables Office Campus for Nearly $100M

PGIM has had a hold on The Ponce, a two-building office complex in Coral Gables for nearly 20 years. The property recently sold for $97.8 million. Intalex Capital, Itero Investments and Greenwall Capi

Ralph Lauren Signs 22,000 SF Office Lease Expansion in Manhattan’s Gramercy District

NEW YORK CITY — Ralph Lauren has signed a 22,000-square-foot office lease expansion in Manhattan’s Gramercy district. The lease term is 13 years, and the fashion designer now occupies 280,000 square f

Jul 11, 2026•0m ago•schedule1 min•Commercial Observer

Jemal Equities Refinances D.C. Office Building With $27M CMBS Loan

Jemal Equities has landed a $27 million commercial mortgage-backed securities loan for 1750 H Street NW in Washington, D.C., Commercial Observer has learned. The loan, from Citibank and arranged by Me

Goodman Real Estate Sells Two Apartment Communities Near Seattle for $172M

SEATTLE AND REDMOND, WASH. — Goodman Real Estate has sold two multifamily properties near Seattle for a combined total of $172 million. Eli Hanacek, Kyle Yamamoto and Natalie Kasper of CBRE represente

Ball Ventures, B&T Hospitality Open 143-Room Dual-Branded Hotel in Pleasant Grove, Utah

PLEASANT GROVE, UTAH — Ball Ventures and B&T Hospitality have opened a 143-room dual-branded hotel in Pleasant Grove, located north of Provo. The hotel, which carries the Tru by Hilton and Home2 Suite

Gelt Venture Partners Buys 117-Unit Drexler Townhomes in Lehi, Utah

LEHI, UTAH — Gelt Venture Partners (GVP) has purchased Drexler Townhomes, a Class A townhome community located south of Salt Lake City. The original developer sold the property for an undisclosed pric

JLL Arranges $20.5M Sale of Crown Valley Mall in Laguna Niguel, California

LAGUNA NIGUEL, CALIF. — JLL Capital Markets has arranged the $20.5 million sale of Crown Valley Mall, a grocery-anchored retail center located near Laguna Beach. A private family, which had owned the

Opportunity Zone 2.0: Beefing Up an Investment Tool

Congress created the Opportunity Zone program as part of the Tax Cuts and Jobs Act of 2017. The initial Qualified Opportunity Zone (QOZ) program offered tax incentives to investors who invested capita

Digging into the Labor Outlook and What it Means for CRE

Headlines announcing the Bureau of Labor Statistics’ employment numbers tend to forget one thing: Those numbers are preliminary, only. For example, April and May saw a large hiring surge, which came t

Is Space the Next Frontier for Data Centers?

The explosive demand for artificial intelligence and cloud computing has led to an unprecedented data center construction boom. But as developers search for suitable land and utilities, they’re increa

The Sunbelt and Multifamily: Oversupply Isn’t the Whole Story

For the past two years, one word has dominated conversations about the Sunbelt apartment market: oversupply. The numbers behind the narrative are real. A wave of multifamily projects that broke ground

Jul 11, 2026•0m ago•schedule1 min•Commercial Observer

Rivani Sells Wynwood Jungle Retail Building in Miami for $26M

Prominent real estate investor Robert Rivani has sold the Wynwood Jungle retail building in Miami for $25.7 million, property records show. Tabani Group purchased the 39,000-square-foot property betw

Ascendant Capital Partners Acquires Virginia Hotel Portfolio

Ascendant Capital Partners has acquired an eight-hotel portfolio from Coastal Hospitality Associates, LLC. The Portfolio comprises 965 predominantly beachfront rooms across six hotels in Virginia Beac