Tavros acquired a full-block, now-vacant site near the South Street Seaport in lower Manhattan, previously owned by Seaport Entertainment. The $150.5 million sale, brokered by JLL, represents one of the last major development opportunities in the area. Tavros, with equity investment from Atlas Capital, plans a ground-up, mixed-use project featuring 600 apartments, a 5-story podium with ground floor retail, and four floors of commercial space.
A joint venture between Klosed Properties and Namdar Realty Group acquired a fully leased, three-story retail building at 446 West 14th St. in Manhattan’s Meatpacking District for $23.5 million from Maverick Real Estate Partners. The 22,285-square-foot property is fully leased to Puttery, an upscale mini golf bar, with about eight years remaining on its lease. The building features a built-out lower level and a year-round rooftop bar and event space, offering strong income security and revenue potential.
CenterSquare Investment Management and Esas Real Estate launched a $50 million joint venture to acquire small-bay industrial properties - under 10,000 square feet - across the U.S., targeting assets leased to local service providers such as HVAC and plumbing companies. The Essential Service Industrial (ESI) strategy is distinct from their previous $5 billion data center-focused fund. Both firms cite strong conviction in the industrial sector, with CenterSquare also active in real estate finance and acquisitions.
Goldstein acquired a mid-block property and financed the purchase with a $20 million mortgage from Be Aviv, an Israeli lender with a Midtown office. The seller, Excel Development Group, had previously planned a 21-story, 71-unit tower on the site but only completed demolition of the existing structure. The project's future is uncertain, with no new filings for development.
Cushman & Wakefield represented Denholtz Deerfield in the $34.5 million sale of Deerfield Corporate Park Buildings 1 and 6 in Deerfield Beach, Florida. The two single-story office buildings, totaling 157,510 square feet and 87.6% leased to 26 tenants, were acquired by a private capital investment group. The campus, renovated in 2017 and spanning 12.9 acres, is strategically located near Interstate 95, offering strong regional connectivity.
Northmarq arranged the sale of Yardly Monroe, a 151-unit build-to-rent community in Monroe, North Carolina, to FCP. The acquisition was financed with a $24.8 million Freddie Mac loan, originated by Northmarq, featuring a five-year interest-only period and a 35-year amortization schedule.
Dwight Mortgage Trust provided $60 million in construction financing to Bam Development and Ascendra Capital for the Seventeen Gables Condominium project in Coral Gables, Florida. The financing includes a $51.5 million addition to an $8.5 million acquisition loan from 2023. The eight-story development will feature 117 condos with amenities such as a rooftop pool, sauna, fitness center, resident lounge, and co-working spaces.
HPS Investment Partners provided a $415 million loan to refinance a portfolio of 13 primarily grocery-anchored open-air shopping centers across Pennsylvania, Connecticut, Massachusetts, and New Jersey. The properties, totaling 2.4 million square feet, are owned by a joint venture between DRA Advisors and KPR Centers. Newmark arranged the debt financing.
Affinius Capital provided a $115 million loan to a joint venture between Ranco Capital and the Gilardian family to refinance and complete construction of 162 East 36th Street, a 22-story, 160-unit multifamily building in New York City. The financing will also support the lease-up phase to stabilize the property. The deal was arranged by Galaxy Capital.
A joint venture led by Related Companies and Related Group sold The Falls of Bonaventure, a 300-unit affordable housing complex in Weston, Broward County, Florida, for $50.5 million. The buyers, Foundation for Affordable Housing and Spira Equity Partners, secured $53.1 million in financing, including a $28.6 million loan from Newmark and a $24.5 million loan from Spira.
Brooklyn-based developer Shloime Goldstein, president of Skyline Capital & Associates, acquired a 12,553-square-foot development site at 539 West 54th St. in Manhattan's Hell’s Kitchen for $30 million. The property, previously owned by Excel Development Group, was purchased from Excel, which had acquired it from Catholic Charities in 2021 for $25 million
Marcus & Millichap announced the $7 million sale of 304 Bleecker Street, a mixed-use property in Manhattan’s West Village. The property, marketed on behalf of seller HUBB NYC and purchased by a private investor, features ground-floor retail leased to Joe & the Juice and four renovated free-market apartments above.
CBRE brokered the sale of a 153,416-square-foot shopping center at 110 High Ridge Road in Stamford, Connecticut. The property, anchored by Whole Foods Market and Saks OFF Fifth, is a redevelopment of a former Lord & Taylor department store into a multi-tenant retail center. CBRE represented the seller, HBS Global Properties, and also secured the buyer, 110 High Ridge Road LLC.
Colliers brokered the sale of Crosspointe Plaza, a 124,375-square-foot regional shopping center in Greenville, South Carolina. The seller was Ziff Real Estate Partners, represented by Colliers’ Atlanta Retail Investment Sales team, and the buyer was RCG Ventures. The property, built in 1990 and situated on approximately 10.4 acres.
Goldman Sachs Private Bank provided $360 million in construction financing for the Four Seasons Hotel and Residences Jacksonville. The project, developed by Shanna Collective and Iguana Investments, will include a 170-room hotel and 26 private residences, with homes starting at $4.7 million. The development, located along the St. Johns River and near the Jacksonville Jaguars' arena, will feature upscale amenities and a marina.
Oak Row Equities, L&L Holding Company, and partners secured a $335 million floating-rate refinancing for the Wynwood Plaza office and multifamily complex in Miami, provided by funds managed by Blue Owl Capital. The refinancing pays off a previous $215 million construction loan from Bank OZK and covers remaining office and apartment leasing costs.
Simon Property Group will invest over $250 million to redevelop three major malls: The Mall at Green Hills in Nashville, Cherry Creek Shopping Center in Denver, and International Plaza in Tampa. These projects follow Simon's acquisition of the remaining 12% interest in The Taubman Realty Group in November 2025. The redevelopments will modernize the properties with flagship spaces, luxury boutiques, architectural enhancements, and expansions.
STORE Capital acquired 8000 Jones Branch Drive, a three-building, 244,466-square-foot office campus in Tysons, Virginia, for approximately $103 million. This price is nearly double the property's most recent assessed value of $53.5 million and more than double the $48.6 million paid by the previous owner, Spring Education Group, in 2021.
PNC Bank provided a $92.3 million construction loan to developer Zom Living and private equity firm Ascentris for the redevelopment of Westside Plaza II in Doral, Florida. The joint venture acquired the property for $26.5 million and plans to replace the existing office building with a seven-story, 380-unit multifamily development, with 40% of units designated as workforce housing under Florida's Live Local Act. The project is expected to be completed by late 2027.
Mountain View Plaza, a 44,000-square-foot shopping center in King, North Carolina, has been sold by a family ownership group to private investors completing a 1031 exchange. The property, anchored by Food Lion since 2005 and featuring several other retail tenants, sits on 9.9 acres. Cleeman Realty Group represented both buyer and seller in the transaction. The sales price was not disclosed.
KKR provided a $160.2 million loan to World Wide Group and Rabina to refinance the 421-unit QLIC rental tower at 41-42 24th St. in Long Island City, Queens. The property, which opened over a decade ago, features a mix of studio to three-bedroom apartments and 8,000 square feet of retail space. The refinancing was arranged by a JLL team. The building benefits from a tax abatement under the former 421a program.
Nuveen Real Estate issued a $47 million first mortgage loan for Storage Post East Village, a 1,959-unit self-storage facility located in Manhattan’s East Village. The property, originally built in 1928 and known as the Wheatsworth Building, was acquired and redeveloped for storage use by Storage Post and Almanac Realty Investors in 2022. The facility now offers 78,812 net rentable square feet of climate-controlled space. JLL arranged the financing through Nuveen on behalf of the owners.
SRS Real Estate Partners brokered the sale of three newly constructed, single-tenant retail properties in Florida, all leased to 7-Eleven on 15-year, corporate-guaranteed absolute triple-net leases, for a total of $28.8 million. The Winter Haven and Ocoee properties were sold as a portfolio to a family office making its first net lease purchase, while the Daytona Beach property was acquired by a private investor.
Pliskin Realty & Development acquired Turtle Run Shoppes, an 80,000-square-foot retail center in Coral Springs, Florida, for $19.5 million. The property, built in 1990 and renovated in 2018, was 92% leased at the time of sale. Marcus Millichap represented the seller, Grover Corlew, and procured the buyer.
Cushman & Wakefield secured an $85.5 million Fannie Mae loan through Greystone to refinance FIAT House, a newly built 309-unit apartment complex in Fort Lee, New Jersey. The 10-year loan supports a property featuring modern amenities such as a golf simulator, cinema room, rooftop deck, coworking spaces, and private offices.
Devli Real Estate acquired a 37,000-square-foot industrial building at 100 Leyland Drive in Leonia, New Jersey, further expanding its portfolio in the supply-constrained submarket near the George Washington Bridge. The property features 24-foot clear ceiling heights, full air conditioning, and stable, long-term occupancy, highlighting its strategic value for tenant operations.
Rockrose Development is under contract to acquire the former Long Island College Hospital site in Brooklyn's Cobble Hill for $100 million from an entity tied to the State University of New York, as approved by the New York State Attorney General. The property covers a full city block and has been vacant since the hospital's closure in 2014.
Extell Development paid $39.9 million to the Metropolitan Club to acquire 135,146 square feet of air rights from 1 East 60th St. for its 74-story mixed-use development at 655 Madison Ave. in Manhattan. This follows Extell's $1.13 billion construction loan from Tyko Capital, the largest construction loan of 2025, for the 764,698-square-foot project, which will include condos, offices, and a retail podium.
Wheelock Street Capital and Brand Atlantic put Banyan & Olive, a 156,785-square-foot trophy office and retail property in West Palm Beach, Florida, on the market for more than $200 million. Eastdil Secured is marketing the property, and the buyer pool is expected to consist mainly of ultra-high-net-worth investors. The property includes the renovated 111 Olive building and the newly constructed 300 Banyan.
Northmarq completed the $24.05 million sale and arranged $17.745 million in permanent fixed-rate acquisition financing for The Meridian at Bedford, an 85-unit multifamily community in Bedford, New Hampshire. The buyer, Arrowpoint Properties, secured financing through Northmarq’s in-house Fannie Mae Delegated Underwriting and Servicing platform. The sale set a record-breaking price per unit for sub-200-unit multifamily transactions in the Bedford market.
Greystone provided a $97.6 million HUD-insured, nonrecourse loan to Metropolitan Realty Group for the refinancing of Villa Hermosa, a 272-unit affordable housing complex in East Harlem. The loan features a 35-year term and a fixed interest rate. Proceeds will be used for capital improvements, including upgrades to unit interiors and building utility systems.
Tishman Speyer is in advanced negotiations to reacquire the ground lease of the Chrysler Building. Tishman Speyer previously owned the building, acquiring it in 1997 for $220 million and selling its final stake in 2019. The current ownership situation is in flux after RFR was removed from the property due to unpaid rent, accumulating $21 million in arrears, and Signa Holding went bankrupt. Cooper Union, with Savills' assistance, has been seeking new ownership.
ZG Capital Partners acquired 680 Broadway, a mixed-use building in Manhattan's SoHo/NoHo area, from Tri-Star Equities for a price slightly below the $12.1 million Tri-Star paid in January 2022. The property features free-market residential units and retail tenants. ZG Capital Partners plans to renovate the apartments to meet demand for higher-quality housing.
Marcus & Millichap brokered the $41.6 million sale of the Yellow Brick Road Portfolio, consisting of 18 triple-net-leased early childhood development centers across Iowa, Minnesota, and Nebraska. The transaction involved a Florida-based real estate investment trust as the buyer and included a variety of lease structures and ownership entities. Two additional assets from the portfolio were sold separately to private buyers prior to the main sale.
Brookfield Asset Management agreed to acquire Peakstone Realty Trust, a California-based REIT focused on industrial properties, in a deal valued at approximately $1.2 billion. Peakstone's portfolio includes 76 industrial properties, with 60 being industrial outdoor storage assets, providing Brookfield with a significant expansion of its industrial real estate platform in the U.S.
Archer Towers II mixed-income residential project in Jamaica, Queens, closed on a $303 million construction financing package. The project will deliver 400 apartments, including units for formerly homeless residents, and is being developed by BRP Companies with support from public and private financing partners.
A forthcoming real estate development on a church campus near Amsterdam Avenue, where underutilized buildings will be replaced by a mixed-income rental building. The project will utilize New York State's new 485-x affordable housing tax break, setting aside 25% of units as affordable housing. The deal reflects a broader trend of religious institutions selling real estate for residential development.
Two luxury condos at 432 Park Ave., previously owned by Harry Macklowe and at the center of an ownership dispute with CIM Group, have gone into contract for $53 million. Macklowe lost the units after defaulting on loans from CIM, which had provided mezzanine financing for his 2022 purchase. CIM, as the seller, had scheduled a foreclosure sale in Oct. 2023, claiming Macklowe owed nearly the same amount as the current contract price.
CMC Group and Fort Partners secured a $323.8 million construction loan from Bank OZK to finance the development of the Four Seasons Private Residences Coconut Grove, a 20-story, 70-unit luxury condominium project in Miami. The project, which began construction in Oct. 2023 and is expected to complete in mid-2028, is being built on a 1.2-acre site at 2699 South Bayshore Dr. after the demolition of a former office building. The development marks the first stand-alone Four Seasons-branded condo in Florida without a hotel component.
Giannis Antetokounmpo and his family investment group acquired Harmony Apartments, a newly built 56-unit residential complex on Chicago’s South Side, for $21 million. Old National Bank provided $11 million in bank financing for the transaction. This deal is one of the group’s largest U.S. property investments to date and aligns with their strategy of combining long-term returns with community-focused development.
A CBRE survey indicates strong investor confidence in the commercial real estate sector for 2026, with nearly all respondents planning to increase or maintain their investments. Approximately 75% of those surveyed intend to buy more commercial real estate, while 21% expect to maintain last year's purchasing levels. The survey included developers, real estate funds, private equity funds, and other investors across the U.S. and Canada.
StorageMart, the parent company of Manhattan Mini Storage, acquired 15 self-storage facilities in New York City from The Carlyle Group in a deal valued at approximately $1 billion. The portfolio includes 1.3 million square feet, 25,498 storage units, and 121 parking spaces, with StorageMart paying about $584 per square foot.
Newmark arranged a $210 million refinancing for 1375 Broadway, a 520,000-square-foot office building in Midtown Manhattan. The refinancing was provided by Bain Capital. The borrower is a partnership between 60 Guilders and Sentry Realty. The building recently completed a capital improvement program, including upgrades to the lobby, entrance, common areas, tenant lounges, and the addition of a 6,000-square-foot rooftop terrace.
A JV between Pebb Capital, Wharton Properties, Lane Capital Partners, and Sabal Investment Holdings acquired Design 41, a fully leased, seven-story mixed-use building in Miami’s Design District, for $72.5 million from the Norton family. The property includes 40,000 sq. ft. of Class A office space leased to financial firms, family offices, Foster + Partners, and Bosch Appliances, as well as 10,000 sq. ft. of ground-floor retail/showroom space leased to Missoni, Bond No. 9, and Breitling. The acquisition was brokered by DWNTWN Realty Advisors, with 26North providing undisclosed acquisition financing.
Apollo Commercial Real Estate Finance agreed to sell its entire $9 billion commercial real estate loan portfolio to Athene Holding, an insurance subsidiary. The transaction excludes two loans totaling $146 million, expected to be repaid at closing. Post-sale, Apollo expects to earn $1.4 billion and generate $1.7 billion in common stockholders’ equity, while retaining $486 million in net equity interest in the CRE properties. This marks a significant strategic shift for Apollo Commercial Real Estate Finance, which will use the liquidity to reassess its long-term commercial real estate strategies, potentially including mergers and acquisitions. The agreement also allows Apollo the flexibility to reacquire assets managed by Athene after the sale.
JEMB Realty recapitalized and refinanced One Willoughby Square, its 35-story, 500,000-square-foot Class A office tower in Downtown Brooklyn, with a $125-milion loan from Deutsche Bank. The transaction brings in new strategic partners and equity, via a partnership with AVRS Partners and KSR Capital. Concurrently with the recapitalization announcement, JEMB unveiled a prebuilt program that will feature suite sizes between 2,000 and 10,000 square feet, scheduled for delivery in the second quarter.
Midtown Corner, a 69,000-square-foot shopping center located at East Six Forks and Wake Forest Roads in Raleigh, sold for $26.95 million. Clarion Partners was the buyer of the center, while Ram Realty Advisors was the seller. The center is 100% leased.
Island Waterpark at Showboat, a 120,000-square-foot water park and entertainment center in Atlantic City, secured a $45.5-million C-PACE loan through PACE Loan Group (PLG), the first C-PACE loan to close in New Jersey’s new C-PACE program. The loan will recapitalize the construction loan used to build the park, which includes 10 waterslides, a multi-level children’s play structure, a lazy river, four restaurants and three bars.
Kayne Anderson Real Estate and Mill Creek Residential bought land and started development of Modera Allston, a 240-unit, Class A multifamily community located in the Allston neighborhood of Boston. The six-story project is being developed through a JV between the two companies.
Arrow Real Estate Advisors arranged $9.6 million in acquisition financing on behalf of Century Development Group for the purchase of two adjacent development parcels located at 144-32 and 144-36 Northern Blvd. in Flushing, Queens. The loan was provided by Israel Discount Bank. Following the acquisition, Century Development Group plans to advance site plan approvals in preparation for a future development.
Orr Partners started construction on a 231-unit apartment building in Arlington, Virginia, after securing a $60 million loan from Pacific Life. The total project cost is approximately $100 million. The financing deal was brokered by CBRE. The project is a JV with landowner P&H Investments and includes additional unnamed equity partners.
Cresa facilitated the $12 million sale of a vacant, 100,000-square-foot office building at 901 Follin Lane in Vienna, Virginia. Navy Federal Credit Union acquired the property from Zalco Commercial. The building, which has been vacant for six years, sits on 9.1 acres across from Navy Federal’s headquarters and will be used as a parking lot for now.
Newmark secured $218 million in financing from Apollo Global Management for the acquisition and office-to-residential conversion of 101 Greenwich St. in downtown Manhattan. The borrower is a partnership between Quantum Pacific and MetroLoft Developers. The property, originally built in the early 20th century and spanning 480,000 rentable square feet, was sold by BentallGreenOak for $105 million. The conversion will create 614 residential units, though no timeline or amenity details have been released.
Vaja Group obtained $84 million in bridge financing from Keystone Equities for Nova Astoria, a 152-unit multifamily property in Astoria, Queens. Keystone Equities provided the loan through its private credit platform, which has originated $600 million in debt over the past two years. The financing will support the transition from construction completion to full lease-up. Nova Astoria, which opened in 2025, includes both market-rate and affordable housing units and was developed under the now-expired 421a tax abatement program.
A JV led by Jeff Sutton's Wharton Properties, along with Pebb Capital and Lane Capital Partners, acquired the fully leased, seven-story Design 41 mixed-use building in Miami's Design District for $72.5 million. The property, located at 112 Northeast 41st St., was previously owned by Design District Development Partners, which had secured multiple loans on the asset, including a $24.3 million construction loan in 2016, a $30 million bridge loan in 2018, and a $4.3 million loan in 2024. The acquisition was prompted by maturing loans and complex lender dynamics, leading the buyers to purchase the building outright rather than recapitalize.
JLL Capital Markets arranged a $20.5 million, five-year fixed-rate loan to refinance Stafford Park, a 141,000-square-foot open-air retail center in Stafford Township, New Jersey. The financing was provided by an institutional investment manager for Walters Group, the property's owner. The center, developed in 2007 and fully occupied, benefits from its location near Costco and Target. JLL cited the strong tenant mix and high-traffic location as key factors in securing favorable loan terms.
BridgeCore Capital provided $1,500,000 in acquisition financing for a Grease Monkey car-wash and oil service property in Auburndale, Florida. The borrower needed a rapid closing due to delays with traditional bank financing, requiring completion by year-end 2025 for tax benefits and at 70% loan-to-value, matching the bank's leverage.
JLL Capital Markets arranged a $20.5 million, five-year fixed-rate loan to refinance Stafford Park, a 140,893-square-foot shopping center in Stafford Township, New Jersey. The loan was secured through an investment manager on behalf of Walters Group, the developer and borrower.
A JV between 60 Guilders and Sentry Realty, both affiliates of American Exchange Group, secured $213 million in refinancing for 1375 Broadway, a 27-story office building in Midtown Manhattan. Bain Capital provided the debt financing, with Newmark arranging the deal. The property, recently renovated in 2023, has changed ownership multiple times in recent years, with previous acquisition financing provided by Brookfield.
Stephen Ross, through Related Ross, acquired 71% of the Southbridge Condo complex in West Palm Beach by purchasing 45 out of 63 units for $38 million. The 38,000 SF property is subject to increased developer interest due to a 2022 law requiring costly recertification for older buildings, prompting more condo owners to consider buyouts. Separately, Midtown Capital Partners acquired The Edison, a 177,000 SF office complex in Pembroke Pines, from TPA Group for $44 million.