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MetLife Forecloses on Upper East Side Grocery Retail CondominiumMetLife has taken back the keys from one of its borrowers for a grocery retail property and parking garage on Manhattan’s Upper East Side in a transaction valued at $44.1 million.
Constellation Breaks Ground on 492,624 SF Industrial Project in South Fort WorthFORT WORTH, TEXAS — Constellation Real Estate Partners has broken ground on a 492,624-square-foot industrial project in South Fort Worth.
Representative imagePartnership to Develop 90-Unit Affordable Seniors Housing Project in HoustonHOUSTON — A partnership between The NHP Foundation, Trinity East Village Community Development Corp. and Housing Alliance HTX, will develop an affordable seniors housing project in Houston.
Representative imageRed Oak Capital Provides $3.4M Bridge Loan for Killeen Apartment ComplexKILLEEN, TEXAS — Red Oak Capital Holdings has provided a $3.4 million bridge loan for Cedar Creek Apartments, a 60-unit multifamily complex located in the Central Texas city of Killeen.
Once Down, Blue Owl Finds Its Wings AgainPrivate credit has often been described recently as “financial alchemy.” The question is whether the often opaque sector, increasingly active in commercial real estate, is truly smoke and mirrors, or an example of alternative capital allocations that can lead to magic returns…
Landmark Properties, Paceline Break Ground on 656-Bed Off-Campus Student Housing Community Near Kennesaw State UniversityKENNESAW, GA. — Landmark Properties and an affiliate of Paceline Equity Partners have broken ground on The Standard at Kennesaw, a 656-bed, off-campus student housing community located less than a mile from Kennesaw State University in metro Atlanta.
FrostPoint Capital Acquires 22,069 SF Metro Birmingham Retail Center for $5.6MHOOVER, ALA. — FrostPoint Capital has acquired Lake Crest Plaza, a 22,069-square-foot retail center located in Hoover, roughly 10 miles south of Birmingham, for $5.6 million. The seller requested anonymity.
American Landmark Acquires 240-Unit Multifamily Community in NashvilleNASHVILLE, TENN. — American Landmark Apartments has acquired Hamptons at Woodland Pointe, a 240-unit apartment community located in Nashville. The seller requested anonymity and the price was not disclosed. The property will be rebranded as Woodland Pointe Residences.
Six New Tenants Sign Leases at Mixed-Use Development in Pittsboro, North CarolinaPITTSBORO, N.C. — Six new tenants have signed leases at MOSAIC at Chatham Park, a 44-acre development in Pittsboro, roughly 35 miles east of Raleigh. MOSAIC serves as the commercial gateway to Chatham Park, an 8,500-acre mixed-use development currently underway.
JLL Arranges Construction Financing for 709-Unit Self-Storage Facility in Hillsborough, New JerseyHILLSBOROUGH, N.J. — JLL has arranged an undisclosed amount of construction financing for a 709-unit self-storage facility that will be located in the Northern New Jersey community of Hillsborough.
Representative imageSagard Real Estate Completes 331,700 SF Warehouse on Staten IslandNEW YORK CITY — Sagard Real Estate, the Denver-based firm formerly known as EverWest Real Estate Investors, has completed One Nassau Place, a 331,700-square-foot warehouse on Staten Island.
JLL, GA Group Broker $75M Sale-Leaseback of Family Dollar-Occupied Retail Portfolio Across 19 StatesCHICAGO — Chicago-based JLL Capital Markets and GA Group Real Estate have brokered the $75 million sale-leaseback of a 46-property Family Dollar retail portfolio across 19 states. JLL’s net lease team and GA Group represented the seller, FD Retail Properties LLC.
Prime Beverage Group to Occupy 915,720 SF Industrial Facility in Metro IndianapolisFAIRLAND, IND. — Prime Beverage Group, a beverage contract manufacturer, has expanded into the Indianapolis market. The company has secured approvals to establish a beverage production facility in Fairland, a southeast suburb of Indianapolis.
Representative imageMissner Group, Thackeray Partners Complete 180,000 SF Industrial Project in ChicagoCHICAGO — The Missner Group, in partnership with Thackeray Partners, has completed a 180,000-square-foot industrial development at 4002 S. Princeton Ave. in Chicago’s Fuller Park neighborhood.
Representative imageGart Properties Acquires 158,000 SF Shopping Center in Kansas CityKANSAS CITY, MO. — Gart Properties has acquired Village at Burlington Creek, a 158,000-square-foot, grocery-anchored shopping center in Kansas City’s Northland corridor.
Seattle Housing Agency Buys First Multifamily Property for $60.9MSEATTLE — The Seattle Social Housing Developer (SSHD) has acquired its first multifamily property since city voters approved the creation of the independent public development authority in 2023.
IPA Arranges $32M Sale of Multifamily Property in Tucson, ArizonaTUCSON, ARIZ. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the $32 million sale of Peaks at Redington, an apartment community in Tucson. An undisclosed seller sold the asset to Greenwater Real Estate Management for $106,312 per unit.
Barclays Buys £750M Headquarters At Canary WharfBarclays has cemented its long-term future at Canary Wharf with a £750M deal to secure control of its global headquarters, the latest sign that London's Docklands office market continues to gain momentum. The bank has acquired a long-term leasehold interest...
Representative imageCommercial Real Estate Finance Is Entering the Crypto AgeChange is coming for the national banking system — and, by extension, commercial real estate finance — and it’s arriving through the innovations taking place across the nebulous world of cryptocurrencies, tokenization and stablecoins.
Showing Up for Community Through the REBNY Fellows Civic Day of ServiceOn a recent day at the Fisher House Foundation at the James J. Peters Veterans Administration Medical Center in the Bronx, real estate professionals traded notebooks and pens for garden tools as they gathered for an afternoon of hands-on service work.