Portman refinanced its Ten Twenty Spring office-centric mixed-use tower in Midtown Atlanta with a $278 million loan from Eldridge Capital Management. The refinancing replaces a $224.2 million Goldman Sachs loan established in April 2022 and originally set to mature on May 3, 2027. Portman developed the 25-story, 540K SF tower with Blackstone; the building delivered in 2024 and is nearly half leased.
An institutional investor acquired a five-property seniors housing portfolio in submarkets north of Atlanta for $147 million in an all-cash transaction from a joint venture between Centric Development and Sage Equities. The portfolio includes 611 units and 701 beds across properties in Woodstock, Acworth, Cumming, Marietta and Alpharetta and was developed by Centric Development between 2018 and 2022. JLL brokered the sale, and Claiborne Senior Living will continue operating the communities under the new ownership.
Healthcare Realty Trust Inc. acquired the 106,092-square-foot Greenwich Medical Center at 75 Holly Hill Lane in Greenwich for $65 million through a joint venture with KKR. Healthcare Realty said its stake in the transaction is about $13 million. Benedict Realty Group sold the Class A outpatient campus, which is 97% leased and anchored by Yale New Haven Health and Stamford Health, expanding Healthcare Realty’s existing footprint in the Greenwich market.
Ultimate Equity acquired Royal Oaks, a 69-unit gated townhome community at 3200 Stirling Road in Hollywood, Fla., for $32 million in an all-cash 1031 exchange. Cushman & Wakefield said the deal set a record price per unit for the Emerald Hills submarket and closed at a capitalization rate below 5%. The seller, Royal Oak TH, run by Preston Giuliano Capital Partners, sold the property for about 36% more than its $23.5 million purchase price in August 2025.
Global Asset Management Group is moving forward with a $92 million redevelopment of the 386,404-square-foot former Memorial Hospital campus in Pawtucket, Rhode Island. The New York City-based firm acquired the property for $12 million and expects about $45 million in construction and redevelopment costs, excluding additional soft costs. Current plans include about 200 residential units, including market-rate and affordable multifamily housing, plus veteran housing, retail and restaurant space, and new healthcare and wellness facilities.
Hawkins Way Capital and joint venture partner Varde Partners acquired 81 E. 3rd St., a student housing property in Manhattan’s East Village, for $28 million in an off-market transaction. The deal expands the FOUND Study student housing portfolio in New York City and adds an asset with apartment-style layouts and flexibility for either student housing or conventional multifamily use.
Tishman Speyer acquired Berkshire Dilworth, a 296-unit apartment community at 1351 E. Morehead St. in Charlotte, for $76.3 million through its TS Plus fund. Berkshire Residential sold the 2016-built property, which was 97% occupied at the time of sale and includes ground-level retail space and other amenities.
Blue Owl Capital provided a $106 million senior loan to refinance the Lowell Hotel, a 17-story, 74-key luxury boutique hotel on Manhattan’s Upper East Side owned by Kensico Properties. The financing replaces existing debt, and CBRE arranged the transaction on behalf of Kensico. The property is located at 28 East 63rd Street near Madison Avenue and Central Park in New York City.
Prosper Group and Belgium-based Versluys Group purchased a one-acre waterfront development site in Miami's Brickell district for $50 million, with plans to build a 60-story, 181-unit luxury condominium tower valued at approximately $650 million. The acquisition marks Versluys Group's first U.S. development and is backed by a $30.5 million acquisition loan, reflecting continued investment in high-end residential projects in South Florida.
JLL Capital Markets closed the $23.5-million sale of 1150 Broadway, a 26,730-square-foot residential development site in Brooklyn’s Bedford-Stuyvesant neighborhood. JLL represented seller A-PLUS International Realty and negotiated directly with buyers YS Developers and Rabsky Group. The corner site is zoned for a mixed-use project with apartments, local retail and community facilities, with up to 133,917 square feet of as-of-right zoning floor area under the City of Yes for Housing Opportunity program.
A joint venture involving the University of Maryland's real estate arm and a private partner paid $53.05 million for the 75,471-square-foot College Park Shopping Center at Hartwick Road and Baltimore Avenue, marking a notable commercial retail property acquisition in College Park.
Brooklyn-based Terra Developers acquired the mixed-use property at 500 Columbus Avenue on Manhattan’s Upper West Side for $28 million and financed the transaction with a $25 million loan arranged by Newmark’s Max Ralby, Holden Witkoff, Niv Shahmoon and Dante DiStefano with Derby Copeland. The five-story, 35,300-square-foot building includes ground-floor retail anchored by a Gristedes supermarket and 12 apartment units that are vacant.
A $2 billion bid for the Pierre hotel-residence in Manhattan is at the center of an escalating dispute between the building's board and co-op owners, who previously sued over an alleged plan that could force the sale of their apartments along with the historic property. Sabre Park Avenue LLC, beneficially owned by Motasem Khashoggi, is behind the bid, which follows reported talks involving the Sultan of Brunei and the Khashoggi family.
Gateway Jax announced six retail tenants have signed leases at the Vandeveer building, the first mixed-use residential component of the Pearl Square redevelopment in downtown Jacksonville. The tenants include restaurants, food concepts, fitness and personal services intended to activate the neighborhood as the broader mixed-use project continues construction and leasing.
SRS Real Estate Partners arranged the $14.9 million sale of a two-tenant retail property in the Washington, D.C. metropolitan area, highlighting continued investor demand for well-located retail assets with established tenants.
A senior housing community in San Jose was sold for approximately $103 million, underscoring continued investor interest in high-quality senior living assets despite evolving market conditions.
Centaur U.S. Investment Holdings sold Panther National, a 392-acre luxury golf community in Palm Beach Gardens, Florida, to an affiliate of Ohana Real Estate Investors for $191.2 million. The transaction included the 18-hole championship golf course, a nine-hole par-3 course and approximately 150 unsold residential lots within the 218-home community.
Atlanta-based SJC Ventures purchased the 13-acre site for Midlothian Depot in January 2025 for $16 million. The mixed-use center in Midlothian, Virginia totals 87,363 square feet and is anchored by Whole Foods Market, with confirmed tenants including J.Crew, Dave’s Hot Chicken, Warby Parker, Paris Baguette and Lovesac. The first retail openings are projected for the fall, with the broader project rollout continuing into 2027.
Private investor Abraham Waldman acquired a multifamily development site in Brooklyn’s Gowanus neighborhood for $15.7 million. The assemblage includes 418 4th Ave., 416 4th Ave., 246 7th St. and 244A 7th St., and can support 57,640 buildable square feet of development.
New York Life Investment Management provided a $250 million loan to LMXD and BedRock Real Estate Partners to fund the purchase and construction of a 560-unit mixed-income housing development at 35-10 Steinway Street in Astoria, Queens. The project will also include a new P.C. Richard & Son retail location, with 25% of apartments reserved as affordable housing for residents earning an average of 60% of area median income.
BFC Partners and SAA Canopy Group closed a $269-million construction loan for the redevelopment of Parkside Commons on Syracuse’s East Side. The financing will support the renovation of six existing buildings and construction of two new ones, ultimately delivering 393 affordable apartments through a mix of renovated and newly built housing. Current residents of four older structures will be relocated into the new buildings before those properties are demolished for a later development phase.
Walker & Dunlop arranged a $137.5-million, three-year floating-rate refinancing with AllianceBernstein for 12 Halsey, a completed Class A mixed-use multifamily property in Brooklyn’s Bedford-Stuyvesant neighborhood.
Affiliated Development received a $74 million construction loan from Pacific Life Insurance Co. for The Cove, a 376-unit mixed-income multifamily development in Fort Lauderdale. The $123 million project will rise on a former hotel site at Sunrise Boulevard and Federal Highway and includes equity from the Affiliated Development Housing Impact Fund and family office capital partners. The developer also secured tax rebates from Broward County and the City of Fort Lauderdale, plus zoning priority and incentives under Florida’s Live Local Act.
CW Realty Group closed on its $58 million acquisition of 55 Smith Street, a parking facility and development site in Downtown Brooklyn, from Edison Properties. According to JLL, the 13,707-square-foot lot can support 137,000 square feet as of right or 164,000 square feet under the Universal Affordability Preference program, with no height limits or parking requirements for a potential housing development.
Vital Infrastructure Property Trust, a Canada-based global healthcare infrastructure REIT, acquired the Emblem Health Hub Medical Office Building at 101 Pennsylvania Ave. in Brooklyn’s East New York neighborhood for $89 million. The 140,000-square-foot medical office property was sold by developer Dominion Management Company and is fully leased long-term to EmblemHealth.
Cronheim Mortgage arranged $75 million in financing for Orange Plaza, an 811,272-square-foot retail power center in Middletown, N.Y., through an undisclosed insurance company on behalf of owner National Realty & Development Corp. The property’s anchor tenants include Walmart, Home Depot, Kohl’s and Burlington, with Ross Dress for Less, Marshalls, Staples and Old Navy serving as junior anchors.
Goldman Sachs provided a $116 million construction loan through its Urban Investment Group for BFC Partners and SAA Canopy Group’s redevelopment of the Parkside Commons Section 8-backed housing complex in Syracuse, New York. The loan is part of a $269 million financing package for the 393-unit affordable housing project, which also includes federal and state Low-Income Housing Tax Credits expected to raise $88 million and $13.6 million, respectively.
New York State Homes and Community Renewal said the first project financed under the NYS Housing Acceleration Fund has closed on construction financing for North White Plains, a $178-million mixed-use transit-oriented development in Westchester County. Funding includes $120.6 million from Merchants Capital, $18 million from the Housing Acceleration Fund, $10 million from The Community Preservation Corporation, and $29.7 million in equity from Basis Investment Group and BRP Companies. The project will deliver 296 mixed-income apartments, including 30 affordable units, plus retail and public open space.
New details indicate the planned National Harbor Sphere is a $1 billion-plus development expected to span roughly 418,000 square feet immediately north of MGM National Harbor. The scale and location of the project point to a major mixed-use development with potential implications for financing, commercial real estate activity and related banking opportunities in the National Harbor market.
The financing package will facilitate the redevelopment of a long-standing Syracuse affordable housing complex. The borrower, a JV between BFC Partners and SAA Canopy Group, will renovate six of the current buildings and build two more at Parkside Commons, a Section 8-backed housing complex. The JV acquired the 15-acre property on 1901 East Fayette Street in late 2024.
The refinancing loan is for the nine-property Midgard Self Storage portfolio, which spans 701,206 net rentable square feet across Georgia, Florida and North Carolina. Common amenities across the portfolio include ground-level units, video surveillance, electronic gate access, on-site management and online registration services.
The loan is to finance Orange Plaza, an 811,272-square-foot retail power center in Middletown. Walmart, Home Depot, Kohl’s and Burlington are the anchor tenants, and Ross Dress for Less, Marshalls, Staples and Old Navy are the junior anchors.
The loan is for 143,354 square feet of office and retail space within Midtown East, an 18-story office tower in Tampa. The borrower was a 50/50 JV between Highwoods Properties and The Bromley Cos. The office floors owned by the borrower at Midtown East were fully leased at the time of financing to tenants in the professional services, technology, staffing, real estate and insurance sectors. The financing also covers the building's ground-floor retail space.
The firm picked up five residential buildings just west of Central Park on Manhattan's Upper West Side. The first batch of six-story apartment buildings are at 3-5 West 108th St. and 7-9 West 108th S., which include 48 market-rate and rent-controlled units. The second collection of buildings total 99 units across 4 Manhattan Ave., 8 Manhattan Ave. and 10-16 Manhattan Ave. The seller was undisclosed and further details were not provided.
A JV between Garfield Investments and Broad Creek Capital purchased 1667 K Street NW, a nearly 200,000-square-foot office building in Washington, D.C. The undisclosed seller sold the property. The JV plans to invest approximately $10 million in capital improvements, including installing an amenity floor on the top level.
The outfit purchased 125 West End Ave., which holds a vacant research facility. The buyer plans to redevelop the site into a 400,000-square-foot life sciences building called the Ackman Oxman Institute. The seller was Taconic Partners.
The firm purchased Merchants Walk, a 271,992-square-foot shopping center in Marietta, a northern suburb of Atlanta. The seller was Washington, D.C.-based mixed-use developer and operator EDENS. Merchants Walk was 90% leased at the time of sale to tenants made up of boutique retailers, service retailers and restaurants.
The firm bought the 142,249-square-foot East New York Health Hub at 101 Pennsylvania Av., which is leased to an outpatient care facility. The seller is Squarefeet.com owner Jonas Rudofsky. The building is also leased to a series of medical facilities and clinics.
The firm acquired Main Avenue Shopping Plaza, a 156,568-square-foot shopping center located in the southern coastal Connecticut city of Norwalk. The retail center was fully leased at the time of sale. The seller was a JV between Sagehall Partners and The Prusik Group.
MassHousing provided the financing for Beacon House, a 135-unit affordable housing property in Boston's Beacon Hill neighborhood. The eight-story building was converted from a hotel to residential use in 1983. Rogerson Communities will use the proceeds to refinance existing debt, fund capital improvements and preserve the property's affordability status.
The firm acquired Ridge Pointe, a 132-unit apartment community in Fort Lee, New Jersey. The property was built as an office building in 1985 and converted to multifamily use in 2014. Ridge Pointe has studio through three-bedroom units averaging 1,296 square feet and 20,000 square feet of amenities, including a rooftop lounge, fitness center, golf simulator and screening room.
The loan is for 343 Madison Ave., a 46-story commercial development in Midtown Manhattan. BXP broke ground in July 2025 and, even though it's still being built, has already secured tenants. 343 Madison Ave. will feature a lobby café, bicycle storage with cabanas, private terraces and a fully electric design with zero on-site combustion, among others.
A JV between 60 Guilders and Sentry Realty acquired the 550,000-square-foot office tower at 1441 Broadway in Midtown Manhattan for about $240 million. This is the JV's third major purchase in the neighborhood. The buyers plan to upgrade the 33-story property, which is about 90% leased, and improve tenant mix and cash flow over time.
The firm acquired Masons Keepe, a 270-unit multifamily community located in Manassas. The seller was University Village Apartments. Built in 2004, Masons Keepe comprises 17 garden-style residential buildings with one- and two-bedroom apartments ranging and amenities including a swimming pool, fitness center, playground, clubhouse, business center, tennis court, volleyball court, conference rooms and a grilling area.
The $79 million loan will refinance 1818 Park, a 273-unit luxury community in Hollywood, Florida. Completed in 2022, the building rises 22 stories at 1818 Hollywood Blvd. Common-area amenities include two swimming pools, two fitness centers, coworking spaces, conference rooms, retail space and more. The pet-friendly property also features outdoor amenities such as terraces, barbecue areas, an outdoor lounge, parking spaces and EV charging stations.
The loan is for 1333 Broadway, a mixed-use property in the Bushwick neighborhood of Brooklyn. Completed in April, the 20-story, 97,526-square-foot building houses 74 market-rate apartments, 32 affordable apartments and 29,000 square feet of commercial space. The loan borrower was a JV between Ekstein Development Group and Standard Real Estate Investments.
EXP Group secured the loan for the 300,015-square-foot logistics property at 2500 83rd Street in North Bergen, N.J. Situated on 35 acres, 2500 83rd Street features a single-story, 100%-occupied industrial facility that served as EXP Group's Northeast headquarters and distribution hub along with other industrial tenants. The property benefits from being in a supply-constrained industrial market with access to major transportation corridors and ports
Deutsche Bank provided an $85 million construction loan to Northlink Capital to refinance existing debt and fund development of a 12-story luxury condominium tower at 7200 Collins Avenue in Miami Beach’s North Beach neighborhood. The project will total 274,150 square feet with 222 units, and Arrow Real Estate Advisors arranged the financing; according to Arrow, 96% of units were under contract at closing.
The Korea International Trade Association (KITA) has launched a $200 million repositioning of its 22-story office building at 460 Park Avenue in Manhattan, transforming the aging property into a modern, 350,000-square-foot Class A office tower. The redevelopment, expected to be completed in 2028, will include a new glass façade, upgraded building systems, premium amenities, and outdoor terraces to capitalize on strong demand for high-quality office space in the Plaza District.
Vital Infrastructure Property Trust agreed to acquire the East New York Health Hub in Brooklyn for $126.7 million, adding a major U.S. outpatient healthcare property to its portfolio.
ING Capital provided a fully underwritten $268 million acquisition facility to EQT Real Estate’s Core Plus Fund IV to finance the purchase of an 11-property, 2.8 million-square-foot logistics portfolio across six high-growth U.S. industrial markets. The deal expands ING’s lending relationship with EQT Real Estate in the U.S. and Europe and backs a fully leased portfolio of modern industrial assets with a weighted average remaining lease term of seven years.
Greystone provided $92 million in Fannie Mae-backed financing to Metropolitan Realty Group to refinance and acquire three affordable housing properties in Long Beach, New York. The deal is a sizable agency-backed multifamily lending transaction tied to affordable housing assets.
Midtown Capital, a Miami investment, development and asset management firm, acquired Naples Small Bay, an 83,607-square-foot small-bay industrial property in Naples, Florida, for $26.5 million. Colliers said the asset was 82% leased at the time of sale and includes 48 suites across two concrete buildings, with six vacant suites remaining. The seller, VentureOne Real Estate, purchased the property for $17.4 million in 2024, and completed capital improvements before the sale.
Terra completed the first phase of Upland Park, a $1 billion, 47-acre mixed-use, transit-oriented development in Miami-Dade County, delivering 578 multifamily apartments with leasing and resident move-ins now underway. The full project will add residential, retail and commercial space while redeveloping the Dolphin Park-and-Ride Transit Terminal into a mixed-use community.
Radnor Property Group and the Madrone Community Development Foundation have secured $147 million in financing to build a 305-unit, 793-bed student housing community serving students at Spelman College and Morehouse College in Atlanta. Construction began, with completion targeted for fall 2028, under a public-private partnership that includes a 50-year ground lease and tax-exempt and taxable bond financing.
Bonaventure broke ground on Attain at Newtown, an $85.3 million, 320-unit multifamily development at 6659 E. Virginia Beach Blvd. in Norfolk. The project is being financed with equity from Cafritz Asset Management and a HUD 221(d)(4) loan originated by Greystone, with first units planned for delivery in fall 2027.
An affiliate of Midland Loan Services sold a three-story office building at 1630 East 15th Street in Midwood for $31 million to a company managed by Marcus Adjmi. Midland had taken over the roughly 230,000-square-foot property in 2024 amid a foreclosure case.
Pebb Capital purchased the seven-story Uno office building at 119 Washington Avenue in Miami Beach’s South of Fifth neighborhood, in a deal likely exceeding $69 million based on financing from Acore Capital.
SL Green reported stronger second-quarter 2026 leasing activity in its New York office portfolio, with occupancy rising to 94.7% from 94.4%. The REIT signed 53 Manhattan office leases totaling 445,161 square feet during the quarter at an average rent of $93.17 per square foot, reflecting continued momentum in the New York City office market.
Merritt Properties, a Baltimore-based industrial developer and operator, refinanced its 58-property, 6.3 million-square-foot Maryland industrial portfolio with a $621 million seven-year balance sheet loan from M&T Bank. JLL arranged the financing for assets located in the Baltimore-Washington Corridor, northwest Baltimore, the I-95 Corridor and Hagerstown.