Signature Acquisitions secured a $60 million five-year loan from Deutsche Bank to refinance 500 Plaza Dr., a 465,000-square-foot office building in Secaucus, New Jersey. Separately, Signature also obtained financing from Flagstar Bank for a roughly 55,000-square-foot cold storage facility in North Bergen.
RXR is marketing the Helmsley Building at 230 Park Ave. for roughly $670 million, more than two years after defaulting on a loan tied to the Midtown Manhattan office property.
Catalyst Investment Partners received $281 million in acquisition financing for a national portfolio of 77 industrial outdoor storage properties across 12 markets. The financing was provided through separate loans from Blackstone Real Estate Debt Strategies and institutional investors advised by J.P. Morgan Asset Management, supporting Catalyst’s expansion in the IOS sector.
Savanna is selling its Madison Square Collection office properties at 24-28 West 25th St. and 48 West 25th St. near Madison Square Park in Manhattan’s Flatiron District to Kaufman Investments for around $125 million. The deal is expected to close within one to two weeks, with Rialto Capital providing acquisition financing to Kaufman.
Omni Lifestyle Living acquired 21 West 37th St. in Midtown Manhattan, home to the Fairfield by Marriott Inn & Suites New York Manhattan hotel, for $39.9 million from Lam Generation. Omni appears to focus on converting hotels into assisted senior living facilities and currently has 10 assets under management and eight more in planning.
MG Developer and Vertical Developments secured a $100 million construction loan from private equity firm Benmark Capital for Alhambra Parc, a luxury mixed-use condo project in Coral Gables, Florida. The three-year loan includes two extension options and will fund a 74-unit, eight-story development with residential, retail and office space.
Broad Street Development and KSR Capital closed a $138 million refinancing and recapitalization of 370 Lexington Ave. in Midtown Manhattan, including a $110 million loan from Acore Capital and a $28 million equity investment from the partnership. The refinancing repays Invesco Real Estate’s prior acquisition loan.
BKM Capital Partners and Kayne Anderson Real Estate acquired an 8.5-million-square-foot light industrial portfolio from Link Logistics for $1.81 billion. The portfolio includes 51 multi-tenant light industrial properties across infill markets in California, Washington, Texas, and Georgia, and expands the joint venture’s U.S. footprint to approximately 15 million square feet under management.
CSC Real Estate acquired a medical office property at 210 East 86th St. on Manhattan’s Upper East Side, along with adjacent retail spaces at 206 East 86th St. and 205 East 85th St. from Perlbinder Realty, in a deal valued at $70 million. CSC said the acquisition is part of its investment strategy in medical offices and facilities and plans to position the combined property as a “premier medical office destination” on the Upper East Side amid strong demand from physicians and medical groups.
Kohan Retail Investment Group completed its $137 million acquisition of 131 South Dearborn St., the former Citadel Center in Chicago. Kohan funded the purchase with $65 million in debt from a venture of German bank BayernLB, which had also been the lender on the property’s $448 million 2020 refinancing. The 37-story, 1.5 million-square-foot office tower traded at a steep discount, about $91 per square foot, and marks Kohan’s third Chicago-area office purchase in roughly a year as it expands its distressed-property strategy in the market.
Alterra IOS secured $244 million in nonrecourse acquisition financing from Blackstone Real Estate Debt Strategies to purchase 37 industrial outdoor storage properties across 27 markets, totaling 165 acres and more than 800,000 square feet. The financing is intended to support this and future acquisitions, and follows continued institutional debt raising by Alterra IOS, which has secured more than $1.8 billion since 2016.
Rockrose Development secured a $70 million refinancing loan for 100 Jane St., a 148-unit mixed-income multifamily property in Manhattan’s West Village. JLL Real Estate Capital provided the debt through Freddie Mac’s Optigo lending program, with Freddie Mac set to securitize the loan. JLL said New York City’s multifamily market remains attractive to lenders due to tight supply, particularly in downtown Manhattan neighborhoods such as the West Village, which currently has a 2.6% vacancy rate and no large-scale multifamily development planned over the next five years.
Olmstead Properties, in partnership with Vertex, acquired the 302,000-square-foot office building at 19 West 44th St. in Midtown Manhattan for $108 million. Derby Lane Partners provided $91.4 million in acquisition financing, which will also fund planned amenity upgrades and prebuilt suites intended to attract tenants.
A joint venture between P3 Properties and Greyhill Group acquired the 301-unit luxury rental property Riverbend at Port Imperial in West New York for a reported $125.25 million. The deal included a $98.525 million acquisition loan sourced by Newmark. The buyers plan to modernize the 25-year-old, 100% market-rate property, while citing the waterfront location and proximity to New York Waterway ferry service as key drivers of long-term value.
TPG Real Estate acquired Pittsburgh-based ECHO Realty, a grocery-anchored retail real estate owner and operator, in a transaction valued at $2 billion. ECHO owns and operates approximately 230 retail centers across the Midwest and Southeast U.S. and has acquired and developed more than 16 million square feet of neighborhood and regional centers since inception.
The Kislak Co. negotiated the $10 million sale of a 131,346-square-foot office building in Parsippany, New Jersey. The property is located on an eight-acre site at 959 U.S. Route 46. The buyer and seller were not disclosed.
CBRE brokered the sale of Eastpoint at Exit 8A, a 450,330-square-foot industrial building in Monroe Township, New Jersey. The seller was Morgan Stanley and the buyer was Property Reserve. The property was fully leased at the time of sale to Iron Mountain Information Management.
Blueprint Capital Markets arranged the refinancing of a 100-unit assisted living and memory care community in North Palm Beach, Florida, for borrower Alta Senior Living. An undisclosed lender provided a non-recourse bridge-to-HUD loan for an undisclosed amount, following the property’s capital expenditure, operational turnaround and lease-up process.
Eastern Bank provided $39 million in bridge financing for United Group’s The Arbella at Bramble Hill, a 123-unit active adult community in Worcester, Mass. The loan will retire existing construction debt and fund ongoing work at the property. JLL Capital Markets arranged the transaction, and the deal drew strong interest from banks, life companies and debt funds due to favorable housing demand among the 55-and-older population in Worcester.
JLL arranged a $46 million refinancing loan for Greek Real Estate Partners’ 287,218-square-foot industrial facility at 2121 Wheatsheaf Lane in northeast Philadelphia. An undisclosed life insurance company provided the three-year, fixed-rate loan.
Dynasty Financial Partners is expanding its planned headquarters at The Residences at 400 Central in downtown St. Petersburg from 44,000 square feet to approximately 60,000 square feet through a new 16,000-square-foot lease. The expansion adds ground-floor space and reflects expected growth in the firm’s presence and staffing.
SoJo Spa Club owner Eun Rae Jo acquired 893 Broadway in Manhattan’s Flatiron District for $31 million and financed the purchase with a $20 million loan from Bank of Hope. The property was sold by RCLCO Fund Advisors and L3 Capital, which had purchased the building for $26.5 million in 2015.
Marcus & Millichap brokered the $10.2 million sale of a 67,022-square-foot shopping center in Manassas, Va., anchored by H Mart. The buyer, a 1031 exchange investor, acquired the asset in three different entities and had previously purchased the property’s outparcels leased to Taco Bell, Burger King and SunTrust Bank in 2018.
RXR and Hudson Realty Capital launched a $250-million bridge-to-HUD loan program for the acquisition and refinancing of multifamily and healthcare assets. The program is designed to provide borrowers with near-term capital certainty while establishing a defined pathway to long-term HUD-insured permanent financing. During the bridge term, borrowers have the ability to pursue FHA/HUD financing with Hudson Realty Capital, allowing for a more streamlined transition to permanent debt execution. Loans are subject to a minimum six-month lockout period, after which they may be prepaid without penalty.
Empire State Realty Trust completed the disposition of 250 W. 57th St., a 540,000-square-foot office tower along Billionaires’ Row, for $275 million. The sale price included the buyer’s assumption of $180 million of mortgage debt.
CS Ventures acquired a Palm Beach property portfolio from the Frisbie Group with $22 million in acquisition financing from Ocean Bank. The deal includes the former three-story IberiaBank building at 180 Royal Palm Way, a 20,000-square-foot office and retail property, an 11,300-square-foot retail building at 301 South County Rd., and three adjacent parking lots at 159 and 163 Brazilian Ave. totaling 44,000 square feet. The purchase price was not disclosed.
BGO acquired 6606 Simmons Loop Rd., a 41,810-square-foot medical office building in Riverview, a suburb of Tampa. The property was fully leased at the time of sale to Women’s Healthcare Enterprises and AdventHealth. CBRE negotiated the transaction for BGO.
S3 Capital originated a $131.5-million refinance and construction loan for Edge Property Group to develop a 28-story purpose-built student housing tower at 465 W. 165th St. in Manhattan’s Washington Heights. The project will include 276 units and 321 beds across 148,074 net rentable residential square feet. The financing marks S3 Capital’s expansion into the purpose-built student housing sector.
Washington Trust Co. provided $47.6 million in financing for an office-to-residential conversion project in Worcester, Mass. The project will redevelop the former Fallon Community Health Plan headquarters at 10 Chestnut St. into a 198-unit market-rate apartment complex. MassDevelopment also provided $3.6 million in financing for the project, with construction expected to be completed this fall.
Lorimer Capital provided a $63 million bridge loan for the 118,660-square-foot Arts & Powerhouse Building at 130 Bay St. in Jersey City, a mixed-use asset owned by KABR Group and Kushner Companies. The financing will support tenant improvements, leasing costs and operating needs as the borrowers work to stabilize the property and secure permanent financing.
Slate Property Group and Avenue Realty Capital secured an $86.25 million refinancing loan for Dutch House, a 186-unit multifamily property in Long Island City, Queens. Ares Capital Management provided the debt, replacing a 2023 refinancing facility from PCCP, and Walker & Dunlop arranged the transaction.
SL Green agreed to sell its Midtown Manhattan office tower at 10 East 53rd St. to Meadow Partners for $312 million as part of the REIT’s broader plan to dispose of $2.5 billion in commercial and residential assets. The transaction is one of the largest office sales this year and follows other SL Green asset sales.
Marcus & Millichap brokered the sale of a fully entitled self-storage development site at 1099 Hendricks Causeway in Ridgefield, New Jersey. The planned facility will include more than 73,000 net rentable square feet across approximately 1,200 climate-controlled units.
Chiron Real Estate completed the acquisition of The Landing and The Riviera, two senior living communities in the Washington, D.C. MSA, from affiliates of Silverstone Senior Living for an aggregate purchase price of $249 million. The transaction marks Chiron’s entry into the senior housing sector and adds 292 homes across independent living, assisted living, and memory care.
Interface Properties acquired Fountains Center, a 15-acre mixed-use office and retail campus in Boca Raton, Florida, from Titan General Partners for $40 million. The property includes seven buildings totaling 189,542 square feet, is 95% leased, and has excess land approved for a 21,000-square-foot office building. City National Bank provided a $31.8 million acquisition loan, with Berkadia arranging the five-year, fixed-rate debt.
SRS Real Estate Partners arranged the $11.1 million sale of Shops at Race Track, a nearly 17,000-square-foot retail center in Jacksonville, Florida. The property, located within the Durbin Park master-planned community, was fully leased at the time of sale to six tenants.
Berkshire Hathaway agreed to acquire home builder Taylor Morrison Home Corporation in an all-cash deal with total equity value of about $6.8 billion and total enterprise value of about $8.5 billion. Berkshire said the acquisition reflects its commitment to housing and expands the parent of HomeServices of America further into new home construction, highlighting continued consolidation across the real estate industry.
Cronheim Mortgage’s hotel affiliate arranged a $17.6 million refinancing loan for the Fairfield Inn & Suites Center City Philadelphia in downtown Philadelphia. The floating-rate loan has a five-year term and no prepayment penalty, and was provided by an unnamed regional bank to an unnamed sponsor.
Ariel Property Advisors’ Capital Services Group arranged three private-lender loans totaling more than $17 million for condominium construction and conversion projects in Brooklyn and Queens. The financings included a $6.85-million non-recourse condo construction loan at 75% LTC for an eight-unit development in Long Island City, a $5.5-million two-year, full-term interest only, non-recourse loan at SOFR+5.25% and 75% LTC for a 24-unit condo conversion in Richmond Hill, and a $4.7-million condo construction loan for a four-unit development in Williamsburg.
Dwight Mortgage Trust provided $55 million in construction financing for Sky Equity Group’s mixed-use multifamily development at 10 Ashel Lane in Kaser, New York. The loan will fund a 104-unit project with 45,000 square feet of ground-floor retail space.
Faropoint, a technology-enabled real estate investment manager focused on last-mile industrial properties, closed a $325 million refinancing with Capital One, National Association and Citizens Bank for a portfolio in its Logistics Fund II. The nonrecourse, floating-rate loan has a one-year initial term and four one-year extension options. The portfolio includes 62 industrial buildings totaling 3.3 million square feet across nine U.S. markets, with major concentrations in Atlanta, Chicago, Dallas, Northern New Jersey/New York, and the Philadelphia/Southern New Jersey corridor, plus assets in Cincinnati, Columbus, Ohio, and Jacksonville and Tampa Bay, Florida.
Proper Capital & Real Estate represented J K Davis Land Group in the $7.5 million sale of a 43,282-square-foot industrial warehouse at 3636 Beachwood Court, Jacksonville, to a subsidiary of Faropoint Ventures. The property includes office and event space on a 3.77-acre site near Interstate 295.
CBRE negotiated the $6.9 million sale of a 100,000-square-foot industrial building on a 5.9-acre site at 701 Garasches Lane in Wilmington, Delaware. Fibre Processing Corp. sold the property to Shaw Real Estate, which plans capital improvements including new interior and exterior paint, new LED lighting and site repaving.
Daytona Beach City Commission unanimously approved the rezoning of 2,760 acres for the Avalon Park Daytona community development in Daytona Beach. The project is planned to include more than 8,000 homes and more than one million square feet of commercial space, signaling a major mixed-use real estate development with significant commercial buildout.
SL Green Realty Corp. closed the sale of a 49% joint venture interest in the development of 346 Madison Ave. to Mori Building at a gross valuation of $175 million. SL Green will retain a 51% interest and serve as development and leasing manager for the East Midtown office project, a planned 46-floor, approximately 850,000 rentable-square-foot tower near Grand Central Terminal and across from One Vanderbilt.
A joint venture between Bain Capital and 11North Partners acquired five open-air retail centers totaling approximately 757,000 square feet for about $300 million. The properties are located in California, Virginia, Florida and Texas. This acquisition is part of Bain and 11North’s strategy to build a portfolio of institutional-quality, open-air centers focused on necessity and lifestyle tenants. The deal follows a recent $1.6 billion capital raise by the joint venture, giving the platform access to over $2 billion in investable equity for further open-air retail investments.
Affinius Capital provided $88 million in acquisition financing to a joint venture comprising REALM, DelShah Capital, and A.M. Property Holding Corporation for the purchase of the 24-floor office component of CitySpire, a 70-story office and condo tower on West 56th Street in Manhattan. The office portion, totaling 377,500 square feet, was acquired from Tishman Speyer and GIC for $137.5 million. Newmark arranged both the sale and the financing. The office component is currently 98% leased, following $22 million in capital improvements by the sellers.
JLL brokered the sale of Daniels Crossing, a 110,780-square-foot shopping center in Fort Myers, Florida. The property was purchased by Publix from a joint venture between Forge Capital Partners and The Sembler Co. The center was fully leased at the time of sale.
Elion Partners and Kadima Industrial Partners secured a $118.5 million floating-rate, interest-only loan from Rialto Capital to refinance a newly constructed 759,460-square-foot industrial warehouse and distribution center at 5000 Richmond St. in Philadelphia's Bridesburg neighborhood. The property, completed in Q4 2025, has seen strong leasing demand and is now mostly occupied. Walker & Dunlop arranged the financing.
SL Green Realty Corp. sold a 49% joint venture interest in the development of 346 Madison Ave. to Mori Building at a gross valuation of $175 million. SL Green retains a 51% stake and will act as development and leasing manager. The project, located near Grand Central Terminal and One Vanderbilt, will feature a new 46-floor, 850,000 rentable square foot office tower designed by KPF.
SRS Real Estate Partners brokered the $11.1 million sale of Shops at Race Track, a nearly 17,000-square-foot retail center in Jacksonville, Florida. The property was fully leased to six tenants at the time of sale. The seller, a national real estate development and investment firm, was represented by SRS, while the buyer, a private investment firm with offices in New York and Jacksonville, was represented by Cantrell & Morgan.
Kayne Anderson closed its largest real estate fund to date, Kayne Anderson Real Estate Partners VII LP, raising $5.12 billion—70% above its $3 billion target and surpassing the initial $4 billion cap. The fund will focus on opportunistic investments in student housing, healthcare, and industrial properties, especially last-mile warehouses.
Blue Origin will invest $600 million to expand its Rocket Park campus in Cape Canaveral, Florida. The expansion signals significant commercial real estate development in the region. This move comes as Blue Origin's competitor, SpaceX, prepares for a potential IPO.
Centerbridge Partners is in advanced talks to acquire a roughly one-third minority stake in Merritt Properties, valuing the Baltimore-based commercial real estate firm at about $3 billion. The stake would be purchased from Almanac Realty Investors, while the Merritt family would retain majority control. The deal, if finalized, highlights ongoing investor interest in industrial real estate assets—such as warehouses and logistics facilities—despite higher borrowing costs in the broader market. Merritt Properties owns and manages over 21 million square feet of industrial and office space across Maryland, Virginia, North Carolina, and Florida.
Black Bear Capital Partners arranged a $39 million loan for the refinancing of Villas at Eastview, a 100-unit apartment complex in Central Islip, New York. The loan, provided by New York Life Insurance, features a seven-year term, fixed interest rate, and a 60% loan-to-value ratio. The financing was secured on behalf of The Crest Group, the property's owner.
Realty Income acquired a 910,800-square-foot warehouse at 23301 South Central Ave. in University Park, Chicago, for $124 million, marking the largest industrial single-property sale in the region in over five years. The property, previously owned by Affinius Capital and Venture One Real Estate, is fully leased to Central Steel & Wire, which relocated there after selling its former Gage Park facility to Amazon in 2021.
Atlantic Capital Partners arranged the $20.5 million sale of Midland Commons, a 160,448-square-foot power center condominium in Warwick, Rhode Island. The buyer, Brasswater, secured a $15 million non-recourse acquisition loan from an alternative asset manager to facilitate the purchase and fund the stabilization of the asset, including leasing two vacant suites.
Lingerfelt sold Ashton Logistics Park, a 523,047-square-foot industrial facility in Colonial Heights, Virginia, for $78.2 million. Newmark represented Lingerfelt in the transaction, and the buyer remains anonymous. The property, delivered in 2024, spans 52 acres and includes two fully leased buildings with an 8.5-year weighted average lease term.
AV Management acquired 73-75 Sullivan Street in Manhattan’s SoHo for $43.3 million, reflecting renewed private investor interest in stabilized Class A commercial real estate assets in New York City. The six-story, mixed-use property, completed in 2016, offers boutique residential layouts and long-term commercial tenancy in a supply-constrained submarket. The acquisition was structured as a long-term income investment, capitalizing on elevated capitalization rates for institutional-quality Manhattan assets due to higher borrowing costs since 2022.
Newmark brokered the $32.1 million sale of a 52,847-square-foot healthcare property at 485 Arsenal St. in Watertown, Massachusetts. The asset, comprising two interconnected low-rise buildings fully leased to Atrius Health was sold by a partnership between Boylston Properties and institutional investors advised by J.P. Morgan Asset Management to JLL Income Property Trust.