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Representative imageMamdani Administration Hits Bronx Landlords With $31M in PenaltiesMayor Zohran Mamdani and housing officials did a victory lap around a pair of Bronx landlords on Wednesday, announcing the highest penalty ever achieved against building owners in New York City.
NY State Seeks Community Input for Aqueduct Racetrack RedevelopmentThe Hochul administration has launched a community engagement and site planning process for the approximately 100-acre state-owned Aqueduct Racetrack in South Ozone Park, Queens.
Michael J. Fox Foundation Relocates to 69K SF at RXR’s 530 Fifth AvenueThe Michael J. Fox Foundation for Parkinson’s Research (MJFF) has selected 530 Fifth Avenue in Midtown for its new headquarters, Commercial Observer has learned.
Yardi Matrix Reports “Tepid” Multifamily Rent Growth in AprilU.S. multifamily advertised rents rose $4 month-over-month in April to an average of $1,758, but rents remain down 0.2% year-over-year., Yardi Matrix reported.
Representative imagePeachtree Supplies $30M Refi for Hotels Near University of MichiganArbor Lodging has scored $30 million of bridge debt to refinance two adjacent hotels two miles from the University of Michigan, Commercial Observer can first report.
Grand Peaks Sells Miami-Area Apartments for $65.5MGrand Peaks Properties sold Cascade at the Hammocks, a 264-apartment complex at 10605 Hammocks Blvd., to Bowery Properties for $65.5 million. The S.
Representative imageTown Lane, Gillon Property Acquire 460,000 SF Retail, Office Property in Allen, TexasALLEN, TEXAS — A partnership between two investment firms, New York-based Town Lane and Dallas-based Gillon Property Group, has acquired Watters Creek Village, a 460,000-square-foot retail and office property located in the northeastern Dallas suburb of Allen.
Work Underway on Massive Apex DevelopmentSite work is wrapping up and construction workers are ready to start building on what will be a $3 billion development in Apex.
JLL Brokers Sale of 271,689 SF Industrial Campus in Cedar Park, TexasCEDAR PARK, TEXAS — JLL has brokered the sale of a three-building, 271,689-square-foot industrial campus in Cedar Park, a northern suburb of Austin.
Hunter Advisors Arranges Sale of 136-Room Hotel in IrvingIRVING, TEXAS — Atlanta-based brokerage firm Hunter Advisors has arranged the sale of Aloft Hotel Las Colinas, a 136-room hospitality property in Irving. The hotel was originally built in 2008.
Representative imageFinial Group Negotiates 12,500 SF Industrial Lease in Northwest HoustonHOUSTON — Local brokerage firm Final Group has negotiated a 12,500-square-foot industrial lease in northwest Houston. The deal is for the entirety of the building at 6770 Bourgeois Road, which according to LoopNet Inc. was constructed in 2012 and renovated in 2024.
Boring Company Announces Nashville StationsThe Boring Co. announced its first residential station agreement for Music City Loop, which will serve residents in three of Tony Giarratana’s Church Street towers.
Newmark Negotiates $64M Sale of Apartment Community in HuntsvilleHUNTSVILLE, ALA. — Newmark has negotiated the $64 million sale of The Liam at Hays Farm, a 329-unit apartment property located within the 850-acre Hays Farm master-planned community in south Huntsville.
Colliers Brokers Sale of 483-Unit Apartment Community in Greensboro, North CarolinaGREENSBORO, N.C. — Colliers has brokered the sale of Edgewater Village, a 483-unit, garden-style apartment community located at 5500 Weslo Willow Circle in Greensboro. Will Mathews, Thomas Leachman, Chad DeFoor and Jake Bradshaw of Colliers brokered the transaction.
Choate Construction to Relocate Atlanta Office to 57,000 SF Space at Terraces in Central PerimeterATLANTA — Choate Construction has signed a lease to relocate its corporate headquarters to Terraces, a 1 million-square-foot office campus in Atlanta’s Central Perimeter submarket.
Who Blinks First: A Patient Fed or a Jittery Bond Market?Executive Summary U.S. Treasury traders are steadily pricing in a stickier inflation problem than the Federal Reserve is signaling, with front‑ and long‑end yields grinding back toward their wartime peaks as the Iran conflict keeps oil above $100 a barrel.
Woodside Health Acquires 40,000 SF Medical Office Building in Chapel Hill, North CarolinaCHAPEL HILL, N.C. — Cleveland-based Woodside Health has acquired Meadowmont Crossing, a three-story, 40,000-square-foot medical office building located at 400 Meadowmont Village Circle in Chapel Hill.
Cushman & Wakefield Brokers $49M Sale of Northern New Jersey Apartment BuildingPASSAIC, N.J. — Cushman & Wakefield has brokered the $49 million sale of The Pennington, a 147-unit apartment building in the Northern New Jersey community of Passaic.
Price Brothers Receives Refinancing for 353-Unit Rye SoBo Multifamily Property in DenverDENVER — Price Brothers has obtained refinancing for Rye SoBo, an apartment community in Denver. Cortney Cole, Leon McBroom and Emily Goldberry of JLL Capital Markets secured the floating-rate loan through a debt fund for the borrower. Located at 290 W.
Representative imageWingate Completes 136-Unit Multifamily Renovation Project in BostonBOSTON — An affiliate of Wingate Cos. has completed the renovation of Forte at 1440 Beacon, a 136-unit apartment building in Boston’s Brookline neighborhood.