In a $575 million deal, Mapletree Investments sold a 4.4 million-square-foot industrial portfolio spanning 25 assets to EQT Real Estate. The transaction Mapletree’s fourth U.S. warehouse portfolio divestment in nine months. JLL represented the seller. The properties are located in Connecticut, Florida, Georgia, New Jersey, North Carolina, Pennsylvania, Tennessee, Virginia and Washington, D.C.
HighBrook Investors closed its inaugural data center fund with $266 million in total commitments. Dubbed HighBrook US DCF LP, the fund will be used for the development of three data center facilities in Fairfax County, Va. The sites have 300 megawatts of contracted utility power capacity.
Hyperion Group, Silverstein Properties and Winter Properties obtained financing for Ocean One, a 371-unit luxury multifamily project in Boynton Beach, Florida. Madison Capital provided a $108 million construction loan, and Newmark arranged an equity placement. Ocean One will rise eight stories across approximately 3.71 acres in Central Palm Beach County.
Excelsior Care Group acquired the Union Plaza Care Center in Flushing, Queens, for $75 million. Excelsior bought the 280-bed nursing home at 33-23 Union St. from Marx Development, which owns, develops and manages a variety of properties in New York City, including senior care facilities, hotels and muiltifamily buildings.
A joint venture between Batson-Cook Development Company and Ventures Development Group sealed $52 million of bridge debt to refinance a newly built multifamily asset in central Florida. Monticelloam supplied the three-year loan with two 12-month extension options for the sponsorship’s 298-unit The Southerly at Orange City apartment complex in Orange City that debuted in 2024.
Coinbase plans to invest a total of $30 million to expand and revamp its office at SL Green Realty’s One Madison Ave. just east of Madison Square Park. The office renovation is part of a $750 million investment Coinbase is making to establish a cryptocurrency hub and expand its research and development operations in New York City.
JLL facilitated the $129 million sale of Henry Hall, a 33-story multifamily building in Manhattan's Hudson Yards. The transaction included a $71 million acquisition loan arranged by JLL through U.S. Bank for the buyer, Amstar Group.
Fetner Properties and Lions Group's joint venture that owns The Bold in Long Island City received a $111 million bridge loan. The financing was provided by PGIM Real Estate and arranged by JLL. Operated by the JV American Lions, the 28-story building at 27-01 Jackson Avenue features 164 units, with 50 of them designated under the affordable homes category.
Miami-based real estate investor Moishe Mana paid $110 million for an office tower in Downtown Miami. The 31-story high-rise — formerly known as SunTrust International Center and now called One Downtown — faces East Flagler St., a block west of Bayfront Park, at 1 Southeast Third Ave. The 770,195-square-foot building includes 450,000 square feet of office space and a 750-spot parking garage, as well as ground-floor retail space leased in part to Walgreens and Bank of America. The tower is 75% occupied.
SYM Investments acquired SilverLake Apartments, a 232-unit multifamily complex in Belleville, New Jersey, for $80 million. The seller was Klein Enterprises. The transaction included a $56 million Freddie Mac acquisition loan arranged by JLL.
Extell and Bluestone Group are preparing a 1.4-acre site near the West Side Highway in Manhattan for a 175,000-square-foot music hall, supported by a nearly $50 million tax-break package approved by the city's Industrial Development Agency. The project is expected to open in 2028, and highlights ongoing public-private collaboration in large-scale commercial real estate developments.
The Philadelphia Phillies are planning a mixed-use development on 13.5 acres in Clearwater, Florida, following the completion of renovations to BayCare Ballpark. This project represents a significant commercial real estate initiative, involving the redevelopment of land for mixed-use purposes by a major sports organization.
Madison Realty Capital provided a $200 million construction loan to Related Group and BH Group for a 27-story, 138-unit Ritz-Carlton-branded luxury condo project in West Palm Beach, Florida. The financing is described as a competitive, low-leverage capital solution with terms comparable to a bank, reflecting both the strength of the collateral and an established borrower relationship. Over 70% of the units have already been presold, and the project is expected to be completed in 2028.
Whalou Properties Management secured a $113.6 million refinancing from Guggenheim Partners for Mayfair in the Grove, a 283,000-square-foot retail and office complex in Coconut Grove, Florida. CBRE represented the sponsor. The property, which underwent $37 million in renovations planned for 2025, is currently 98% leased with an average lease term of eight years.
Menlo Executive Associates I sold a 50,400-square-foot modern industrial facility at 80 Executive Ave. in Edison, New Jersey for $18.2 million. The buyer, Fujipoly America, was represented by NAI DiLeo-Bram & Co. The property, completed six years ago, offers features such as 32-foot clear ceiling heights, modern sprinklers, and 6,000 square feet of office and mezzanine space. Fujipoly America plans to invest millions into the site to establish its U.S. corporate headquarters.
WPT Capital Advisors acquired a 603,092-square-foot industrial property in Monroe Township, New Jersey, consisting of two buildings at 130 Interstate Blvd. The property, fully leased at the time of sale, was originally built in 1999 and expanded in 2014. JLL arranged acquisition financing for the deal through PGIM Real Estate. The seller was not disclosed and the purchase price was not revealed.
Declaration Partners and Hilltop Real Estate secured a 25-year master lease for three SoHo retail condo units at 113-121 Prince St. in a $50.1 million deal, with an option to extend until 2091. The transaction, finalized in Oct., demonstrates the increasing role of family offices in commercial real estate finance, leveraging flexible, long-term structures. This deal followed Declaration Partners' $303 million raise for its second real estate fund, targeting multifamily and industrial sector investments.
GFP Real Estate secured $191.5 million in financing for the office-to-residential conversion of 40 Exchange Place, a 300,000-square-foot building in Lower Manhattan’s Financial District. The financing, arranged by Newmark, will support the creation of 382 affordable and market-rate apartments and ground-floor retail. The project also benefits from federal and state historic rehabilitation tax credits and a 35-year 457-m tax abatement.
Related Ross acquired The Ben, a 208-room luxury hotel in West Palm Beach, Florida, with a $172.5 million loan provided by Nomura. The financing was arranged by Newmark, and the seller was Wheelock Street Capital. The sale price was not disclosed, but previous reports estimated it at around $190 million.
MDH Partners secured a $160 million bridge loan from Acore Capital to refinance a portfolio of 10 fully leased warehouse properties totaling 2.1 million square feet across Texas, Maryland, Georgia, Pennsylvania, Illinois, and Arizona. The two-year, floating-rate loan includes three one-year extension options. The portfolio, acquired by MDH between 2021 and 2024, features strong in-place cash flow and a 4.9-year weighted average lease term.
ICON Real Estate Advisors arranged the $11.2 million sale of Chatham Arms, a fully renovated 31-unit multifamily rental building in Chatham, New Jersey. The buyer, Cornerstone 2025 LLC, completed the acquisition as part of a 1031 exchange. The building offers modern amenities and is conveniently near NJ Transit rail service and major highways.
Amazon Data Services will acquire George Washington University's Virginia Science and Technology campus in Ashburn, Virginia for $427 million. The transaction is part of Amazon's ongoing expansion of data center infrastructure to support artificial intelligence, following its previously announced plan to invest $35 billion in Virginia data centers by 2040. The deed allows Amazon to develop a data or IT center on the site. George Washington University will have the option to maintain programs at the location for up to five years.
JRK Property Holdings acquired 77 Park Avenue, a 301-unit apartment complex in Hoboken, from Equity Residential. The transaction was part of a $400 million portfolio deal brokered by CBRE.
RXR, in partnership with One Investment Management, secured $475 million in tax equity and construction debt to convert 61 Broadway, a distressed 33-story office building in downtown New York City, into a 796-unit residential tower. Apollo Global Management provided $420 million in construction debt, while J.P. Morgan Chase contributed a $55 million tax equity investment. The project will utilize New York’s 467-m office-to-residential tax abatement program, with 25% of the units designated as affordable housing. Construction is set to begin in March 2026, with initial apartment deliveries expected in early 2028.
Bally’s completed the $156.6 million purchase of 16 acres of parkland in the Bronx from the New York City government, where it plans to develop a major casino complex. The site will be transformed into a 500,000-square-foot gaming facility, a 500-room hotel, and a 2,000-person event center, as part of a larger 3 million-square-foot development.
Newmark arranged a $51.8 million acquisition loan through Knighthead Funding for Metro Center, a 282,589-square-foot office building in Stamford, Connecticut. The property, which has undergone over $12 million in recent capital improvements, is now owned by HB Nitkin Group. Newmark also represented the undisclosed seller and will serve as the leasing agent.
Ventas acquired The Palms of Fort Myers, a 218-unit senior living facility in Fort Myers, Florida, for $20.59 million. The property, now managed and rebranded by American House Senior Living Communities as American House The Palms, consists of independent living, assisted living, and memory care apartments. This acquisition adds to Ventas's portfolio, with American House now operating 14 Ventas properties and 12 in Florida.
The STRO Cos. and Kushner Real Estate partnered to develop a 65,000-square-foot industrial building at 3 Century Drive in Parsippany, New Jersey. The project will feature 36-foot clear heights, 10 dock doors, one drive-in door, and can be divided to as small as 32,000 square feet. Vertical construction is currently underway, with completion expected in the fall.
Hudson Valley Property Group, through an affiliate, acquired Jackson Terrace Apartments, a 420-unit affordable housing complex in Hempstead, New York. The buyer plans to invest approximately $23 million in upgrades to unit interiors, building exteriors, and mechanical/utility systems to preserve long-term affordability.
Cologix, a data center developer, acquired the nearly 40-acre Beaumeade Corporate Park in Ashburn, Virginia, for $375 million from Merritt Properties. The purchase includes seven industrial buildings totaling 472,913 square feet. Cologix plans to develop a new interconnection hub on the campus starting around 2030, featuring 85 megawatts of initial power capacity and expansion capability of more than 300 megawatts. The acquisition is intended to support hyperscale, cloud, network, and enterprise customers.
Ariel Property Advisors facilitated the sale of a South Bronx site, previously owned by Knickpoint Ventures for over 30 years, to Zeta Charter Schools for $25.5 million. The property, formerly a self-storage facility, was rezoned in 2019 for higher density development.
TKF Burnside Real Estate Partners acquired 360 Hamilton Ave., a 400,000 rentable square foot Class A office property in White Plains, New York. TKF Burnside plans to modernize and enhance the building's amenities to support tenant attraction and retention. Newmark represented both the seller and TKF Burnside in the acquisition and financing.
Ridgecut Road obtained acquisition financing, arranged by CBRE, for a newly built 28,000-square-foot industrial outdoor storage facility at 651 North Michigan Ave. in Kenilworth, New Jersey. The property, completed in 2023, sits on 2.02 acres and is designed for maintenance- and service-oriented industrial users. The financing, provided by a regional bank, supports Ridgecut Road's ongoing expansion of its logistics and low-coverage industrial portfolio in the region.
A partnership between Morgan Co. and Casto Net Lease acquired 15 acres in Port St. Lucie, Florida, for the development of a shopping center. The project will also feature outparcels for McDonald’s, Circle K, and AutoZone, with additional parcels available for sale or lease. On Course Development represented the buyers in the transaction. The seller and sales price were not disclosed. Construction is expected to begin before the end of the year, with delivery planned for 2027.
GO Residential REIT plans to acquire three New York City residential towers: Ivy Tower at 350 West 43rd St. for $150.5 million from Friedman Management, and 411 West 35th St. (the Lewis) and 444 West 35th St. for $230 million from MADD Equities and Joy Construction. The combined transaction totals $380.5 million and includes 304 units in the Hudson Yards area. Newmark represented the sellers. GO Residential funded the purchase through a mix of cash and stock.
CitySpire, a 70-story, 377,000-square-foot office and condo tower located at 156 West 56th St. in Midtown Manhattan, was sold by Tishman Speyer and GIC to DelShah Capital and A.M. Property Holding Corporation for $135.7 million. The transaction, arranged by Newmark, is expected to close within 30 days. Acquisition debt is being sourced with a 65% loan-to-cost ratio.
Harbor Group International acquired the 372-unit Plantation Gardens Apartment Homes in Plantation, Florida, for $69 millino from Aimco, assuming a $60 million Fannie Mae mortgage originated by JLL Real Estate Capital. The transaction reflects ongoing activity in the commercial real estate sector, with significant financing provided by Fannie Mae and JLL, both key players in commercial banking.
Gantry, a San Francisco-based intermediary, arranged $48.3 million in acquisition financing through three Fannie Mae loans for a portfolio of four multifamily properties (671 units) in Hamburg, New York. The loans all come with fixed interest rates. One loan cross-collateralized two adjacent properties to be managed as a single community. Walker & Dunlop provided the debt to an undisclosed borrower.
Feldman Bergin Properties and Open Industrial jointly acquired two fully leased distribution centers in the Richmond area for a total of $22 million from IWH Capital. The properties include a 129,000-square-foot facility at 2208-2220 Station Rd. and a 93,000-square-foot warehouse at 200 Wadsworth Dr. The buyers cited the value-add potential at Station Rd., where rents are considered below market, and the stable cash flow from the long-term tenants.
East Capital Partners acquired a six-building, 153,430-square-foot shallow-bay industrial portfolio in Mamaroneck, Westchester County, New York, from The Renatus Group. The transaction reflects continued strong demand for institutional-quality industrial assets in supply-constrained infill markets. The fully leased portfolio is set for rent adjustments to market levels.
Affinius Capital, along with Vista Hill Partners, agreed to acquire Veris Residential, a Jersey City-based multifamily REIT, in an all-cash transaction valued at $3.4 billion. The deal will result in Veris being taken private and delisted from the NYSE. The transaction is being financed with a mix of equity and debt, including nearly $2.1 billion in debt. Veris, formerly Mack-Cali Realty Corp., has spent the past five years shifting its focus away from office assets, strengthening its balance sheet, and enhancing operations.
Host Hotels & Resorts sold two major luxury properties—the Four Seasons Resort Orlando at Walt Disney World Resort and the Four Seasons Resort and Residences Jackson Hole in Wyoming—for $1.1 billion to Orlando Owner LLC, an entity managed by BDT&MSD Partners on behalf of an unnamed foreign investor. The Orlando property, acquired by Host in 2021 for $610 million, is a 443-room, 5-Diamond resort on 289 acres, while the Jackson Hole property was purchased in 2022 for $315 million.
Banco Inbursa, a Mexico-based commercial bank, provided $150 million in construction financing to Brevet Capital Management for the development of Wharton Piers, a 620-unit multifamily tower in Philadelphia. The 36-story project, located at 341 South Christopher Columbus Blvd. near the Delaware River Trail, is scheduled to begin construction in Q1 2027 and complete in early 2029.
Corebridge Financial provided a $46 million, five-year nonrecourse loan to refinance Pleasantville Lofts, a 79-unit multifamily property in Pleasantville, New York. The financing replaces a previous $38 million construction loan. Meridian Capital Group arranged the transaction, noting strong lender competition from banks, agency lenders, life insurance companies, and CMBS lenders.
Sunlight Development acquired the vacant lot at 350 Hicks Street in Cobble Hill, Brooklyn, from Madison Realty Capital for $29.5 million. The transaction was brokered by Newmark. The future plans for 350 Hicks Street are unclear, but previous owner Fortis had intended to develop two condo buildings totaling 150 units.
Acore Capital closed a $1.1 billion commercial real estate collateralized loan obligation, backed by 22 loans primarily secured by multifamily and industrial properties. The transaction was structured by Wells Fargo Securities, with JPMorgan, Morgan Stanley, Goldman Sachs, and Capital One as joint bookrunners, and Sumitomo Mitsui Banking Corporation as co-manager. The CRE CLO provides Acore with additional leverage and supports its diversified financing strategy, reflecting continued institutional investor interest in commercial real estate lending products.
Ladder Capital, an investment grade-rated commercial real estate finance REIT, secured $675 million in new unsecured capital commitments. This includes a $400 million increase in its unsecured revolving credit facility, raising the total to $1.25 billion, and an unsecured delayed draw term loan facility allowing borrowings up to $275 million.
GreenPoint Partners, via its Outpost platform, secured $115 million in debt financing from Realterm to acquire a six-property industrial portfolio spanning California, Florida, Oregon, Nevada, and New Jersey. The transaction includes a $300 million credit facility for current and future acquisitions, signaling significant momentum in industrial real estate finance. The acquired portfolio covers 75 acres and over 158,000 square feet of rentable area. Realterm, which specializes in transportation asset financings, highlighted strong demand in the industrial and logistics real estate sector and recently originated a $43.5 million loan for a separate industrial outdoor storage portfolio.
Madison Realty Capital provided an $80 million construction loan to Clara Homes for its third luxury apartment building in Bay Harbor Islands, Florida. The financing supports a 77-unit, six-story building at 10200-10290 East Bay Harbor Dr., with construction expected to be completed for Q1 2028. The loan amounts to $1.04 million per unit, with the total project cost estimated at $108 million.
Truist Bank issued a $66 million construction loan for a new 203-unit multifamily development at 70 Abendroth Rd. in downtown Port Chester, New York. The six-story project will feature approximately 20 affordable housing units for households earning 60% or less of the area median income, 10,000 square feet of retail space, a community facility, and structured parking. Cushman & Wakefield arranged the financing on behalf of the developer, Hudson Cos.
Walker & Dunlop brokered the $53.6 million sale of 929 MASS, a mixed-use property in Cambridge, Massachusetts. The transaction involved an undisclosed institutional seller and John M Corcoran & Co. as the buyer.
Avison Young brokered the $16 million sale of Midtown North, an 81,901-square-foot, five-building office park in Raleigh, North Carolina. The buyer, Stephens Enterprises, acquired the property from Commonwealth Partners, which had purchased the asset in 2015. The office park, situated on 8.8 acres and 79% leased at the time of sale, is occupied by a mix of tenants, including several healthcare users.
Woodmont Industrial Partners sold a newly built, 54,113-square-foot industrial facility at 51 New Brunswick Ave. in Woodbridge, New Jersey to Sagard Real Estate. The transaction, brokered by Newmark, highlights continued strong demand for modern logistics space with direct access to port infrastructure and major transportation corridors in the Northeast. The property, delivered by Woodmont three years ago, is fully leased to R.A.S. Logistics as its Northeast headquarters.
A joint venture between Redfearn Capital and TPG secured a $150 million loan from Prospect Ridge to refinance a portfolio of 10 logistics properties across Florida, including sites in Miami-Dade County, Orlando, Clearwater, Jacksonville, and Naples. The financing, arranged by CBRE, consists of an initial $80 million loan for the 590,895-square-foot portfolio and an additional $70 million in capacity for future acquisitions. The properties are 98.4% leased to 19 tenants.
Terreno, an industrial real estate company, acquired the newly constructed College Point Logistics Center in Queens, New York, from developer Gordon. Gordon originally leased the underutilized site from the New York Times Co. to build the warehouse, which was completed last fall. The transaction adds to Terreno's extensive portfolio, which includes 309 buildings and 46 improved land parcels across major U.S. markets, including several properties in New York City.
Capital One provided a $32 million construction loan and a $10.2 million permanent loan, both through Freddie Mac, as part of a $47 million financing package for Villa Jordana, a 96-unit affordable senior apartment project in Hollywood, Florida. The financing also includes $33.8 million in low-income housing tax credit equity syndicated by Raymond James and a $640,000 loan from the city of Hollywood. The project, developed by Housing Trust Group and AM Affordable Housing, will offer rents significantly below the local average and is restricted to seniors earning 33% to 60% of the area median income.
Newmark brokered the $44.5 million sale of a fully leased, three-building office portfolio in Richmond, Virginia, totaling 300,364 square feet. The seller, Onward Investors, originally acquired the property for $31 million about 18 months ago, indicating significant appreciation. The buyer was not disclosed.
The Bristol Plaza, a 263,829-square-foot shopping center in Bristol, Connecticut, was sold for $44.4 million. The property was 93.1% leased at the time of sale, with major tenants including Stop & Shop, T.J. Maxx, Burlington, Dollar Tree, and Starbucks. JLL represented the seller, Federal Realty Investment Trust, and the buyer was Sterling Organization.
Largo Capital arranged a $43.5 million CMBS loan to refinance a fully leased, 323,260-square-foot industrial building in Buffalo, NY. The property, completed in 2022 and featuring 40-foot clear heights and rail service, demonstrates continued lender interest in large-scale industrial assets. The identities of the borrower and direct lender were not disclosed.
The New York State Public Authorities Control Board approved $28 million in state funding to redevelop the former Lincoln Correctional Facility in Harlem into a 22-story affordable housing project with 105 income-restricted units and community space. The project, led by Infinite Horizons, L+M Development Partners, Urbane Development, and Lemor Development Group, is part of a larger $100 million investment in Harlem.