An entity linked to Sagehall bought Chetrit Organization’s 428 Broadway in Manhattan’s SoHo for $47 million. The six-story office property fell into distress after anchor tenant WeWork filed for bankruptcy in 2023 and vacated space that left the building 96% vacant. LoanCore Capital Credit began foreclosure actions against 428 Broadway in 2024 as part of an alleged default on roughly $200 million of loans.
Long Island-based real estate investment firm HCG paid $3 million for the property occupied by Price Rite at 1230 University Ave. in Rochester. The seller was Worcester Partners, an affiliate of Schuyler Companies. The acquisition marks HCG’s third significant Rochester-area purchase in the past year, following its $7.5 million purchase of Town Centre Plaza and $6.4 million acquisition of Stoneridge Plaza.
Rockpoint and Newbond Holdings acquired the Hotel Maren Fort Lauderdale Beach for $47.1 million, with Apollo Global Management’s Athene Annuity & Life Assurance Company providing a $47.7 million acquisition loan. The financing supported the purchase of the 141-room Hilton Curio Collection property in Fort Lauderdale, Fla.
Atlantic Capital Partners negotiated the $22.5 million sale of a 44,538-square-foot retail building in Nashua, New Hampshire, leased to Whole Foods Market. The property, which opened in late 2024, is part of the Webster Square shopping center, a retail complex that also includes TJ Maxx, Michaels, Dollar Tree, Five Below, Ulta Beauty and Guitar Center. ACP represented the undisclosed seller, while the buyer was not identified.
Adirondack Capital Partners arranged the $10.1 million sale of Omni Plaza, a 415,000-square-foot office complex in downtown Albany, N.Y. The buyer, Jankow Cos., plans capital improvements to the larger building at 30 S. Pearl St. and will convert the building at 54 State St. into a 120-unit apartment complex.
Cirrus Real Estate Partners provided Gatsby Florida with a $118.6 million, three-year, floating-rate, interest-only construction loan to develop The Palm, a speculative luxury office complex in Palm Beach Gardens, Fla. The project will include about 200,000 square feet of Class A office space, 30,000 square feet of ground-floor retail and an 838-space parking garage. Construction is set to begin this month with completion scheduled for 2028.
An affiliate of Dallas-based Dalfen Industrial acquired a 113,000-square-foot industrial property at 7600 Northwest 26th Street, west of Miami International Airport, for $21.3 million from Terreno Realty. The 3.4-acre warehouse is 100% leased to one tenant, which Terreno identified as unnamed, though AerSale says on its website that it occupies the space.
East Coast Acquisitions acquired Tri-City Plaza, a 295,817-square-foot shopping center in Vernon, Connecticut, for $62.5 million. The property, anchored by Shoprite and 96% leased at the time of sale, was sold by a partnership between DLC Management and Acadia Realty Trust. CBRE represented the seller and also procured the buyer.
Tishman Speyer acquired Rise, a 376-unit, 340,000-square-foot market-rate multifamily property in Anaheim’s Platinum Triangle District for its TS Plus fund, financing the purchase in part with an $88 million Freddie Mac loan. The asset, completed in 2020 and 95% leased, adds to TS Plus’s growing real estate portfolio and reflects continued investment in Orange County multifamily assets at what the firm described as a significant discount to replacement cost.
An entity linked to Emerald Group acquired the 16,400-square-foot Avante at Lake Worth skilled nursing and rehabilitation facility at 2501 North A Street in Lake Worth Beach for $27.6 million, or $1,683 per square foot. The seller was GRE Properties Lake Worth LLC, an entity linked to Ganot Capital. The property includes two single-story buildings with 138 units.
Lafayette Hotels, owner of the Holiday Inn by the Bay, purchased the former St. Elizabeth's Child Development Center at 87 High St. in Portland for $2.5 million. The 13,250-square-foot commercial property, vacant since earlier this year, is planned for redevelopment into a boutique-style hotel with smaller meeting spaces and amenities adjacent to the existing Holiday Inn, expanding the company's hospitality footprint on Portland's downtown peninsula.
JLL Capital Markets arranged a $21.5 million construction loan through Seacoast Bank for MMG Equity Partners’ Coral Nest development in Miami, Florida. The 6.5-acre mixed-use project in West Kendall will include 38 for-sale townhomes and 24,536 square feet of retail space.
Fairfield Residential acquired the 812-unit Portofino Place in West Palm Beach for $208 million from Cortland Partners. Walker & Dunlop arranged both the sale and the acquisition financing for the multifamily transaction, which covers the Portofino Place East and West communities.
JLL arranged $6.9 million in acquisition financing for Queen City Development Group’s purchase of a 100,255-square-foot industrial building at 43 Bibber Parkway in Brunswick, ME, with Bangor Savings Bank providing the five-year, fixed-rate loan. The asset was 93% leased at the time of financing and is positioned within Brunswick Industrial Park, a Southern Maine market benefiting from low vacancy and demand from tenants seeking lower-cost alternatives to Southern New Hampshire and Greater Boston.
ONAR said it made a second $250,000 down payment toward its proposed acquisition of a U.S. affiliate marketing agency, bringing total down payments to $1.25 milion The payments will be credited dollar-for-dollar against the purchase price at closing and extend the outside date to sign the definitive purchase agreement to September 28, 2026. The company said the proposed transaction is tied to a $15 million financing plan and also disclosed the retirement of another convertible note, which canceled the related warrant and returned 6,000,000 shares to the company for cancellation.
GJM 85 Devonshire St , acquired the downtown Boston office complex at 83-85 Devonshire St., 258-262 Washington St. and 4 Water St. for $8.5 million after the property had been slated for auction. The 91K SF complex had already won approval to be converted into 95 residential units and 3K SF of residential amenity space.
JetZero closed a senior secured term loan facility of up to $100 million to support its Z4 all-wing aircraft program and broader U.S. operations. The lender group includes Pinegrove Credit Partners backed by Brookfield and HRTG Partners, alongside Silicon Valley Bank, a division of First-Citizens Bank. Proceeds will fund technology maturation, Demonstrator Jet1 manufacturing, buildout of manufacturing and test facilities in Greensboro, NC, and working capital as JetZero moves from demonstration to production.
Nuveen Green Capital closed a $172.5 million C-PACE loan to Miami developer Shoma Group for the Shoma Bay mixed-use condominium project in North Bay Village, Fla. The financing is notable in commercial real estate lending because Nuveen Green Capital served as the sole capital provider, with the capital stack consisting only of the C-PACE loan, condo sales deposits and equity.
Home Invest purchased East Ponce Village, a distressed 997-unit multifamily community in Stone Mountain, Georgia, after assuming operations before the sale closed. The Palm Beach Gardens, Fla.-based firm said it is investing in capital improvements to the 1987-built property and resident programming.
Hilco Real Estate is opening an online auction of the Red Roof Inn & Suites Macon, an 89-room franchise-affiliated hotel in Macon, Georgia. The six-story property sits on approximately 1.17 AC along Riverside Drive in the Riverside Plaza submarket near Interstate 75 and may also offer a redevelopment opportunity, including potential repositioning as City Express by Marriott.
Cushman & Wakefield arranged a $72 million floating-rate loan through accounts managed by KKR for Jamestown to refinance two adjacent shopping centers in Sandy Springs, Ga. The properties, Parkside Shops and Hammond Exchange, total more than 340,000 square feet and are anchored by Whole Foods Market, with additional tenants including Marshalls, HomeGoods, Petco and The Springs Cinema & Taphouse.
Olmstead Properties and Vertex purchased 19 West 44th Street, a 302,000-square-foot office building in Midtown Manhattan. The 18-story property was 79% leased at the time of sale and had recently undergone capital improvements to building systems, common areas and prebuilt suites. Derby Lane Capital provided acquisition financing for the transaction, and Eastdil Secured Savills represented seller Savanna.
Midtown Capital Partners acquired a 14-property small-bay industrial portfolio in Doral, Florida, for $86 million, or $296 per square foot. The portfolio totals 300,000 square feet and is located along NW 54th Street, NW 56th Street, NW 79th Avenue and NW 82nd Avenue. Avison Young represented the buyer alongside Industrial Advisors and Miami Warehouse Real Estate, while Waas Realty represented the sellers.
T&E Development acquired the vacant development site at 538-542 West 29th Street near Manhattan’s Hudson Yards for $33.5 million from PPHE Hotel Group. The 9,875-square-foot parcel includes 74,063 square feet of as-of-right zoning floor area and traded at about $452 per buildable square foot. T&E plans to develop 76 luxury condos on the site, with Colliers’ New York Capital Markets team arranging the sale for the seller.
Kawa Capital Management purchased 150 West Main Street, a 233,772-square-foot office tower in downtown Norfolk’s Waterside District, for $26 million. Newmark negotiated the sale and represented seller Gate Petroleum Co.
A joint venture between CSB Holdings and Tide Realty Capital obtained a $50 million refinancing from Citadel Credit Union for the 29-story office building at 2000 Market Street in Philadelphia’s Center City. The loan refinances the partners’ $45.5 million acquisition of the 668,335-square-foot tower, pays off a prior acquisition loan from Maxim Capital, and funds a $14 million credit reserve for future leasing.
Tyko Capital provided a $322 million acquisition and construction loan to Integra Investment for Safe Harbor Rybovich, a 15-acre marina at 4200 North Flagler Drive in West Palm Beach. Integra recently acquired the property, which fronts the Intracoastal Waterway, and plans further development of the marina site. The financing follows a previously reported $73 million loan tied to Integra’s purchase of the land and marks the firms’ second large-scale project together in South Florida.
A 9,200-square-foot industrial building at 935 Garrison Ave. in The Bronx sold for $10.3 million. The fully vacant property, located within a Qualified Opportunity Zone, was built in 1949 and includes 16-foot clear height plus dock-high and grade-level doors. Marcus & Millichap represented the seller and procured the buyer; both parties were undisclosed.
KeyBank Real Estate Capital provided a $22 million acquisition loan for U Lake Apartments, a 300-unit student housing community near the University of South Florida in Tampa. The loan was originated by Alan Isenstadt and Jack Hoffman on behalf of borrower Sharp Key Capital Fund VII, which plans to redevelop the property into a market-rate multifamily complex with HVAC, roofing, landscaping and amenity upgrades.
JLL arranged a $39 million bridge loan through Eastern Bank to refinance The Arbella at Bramble Hill, a newly built 123-unit active adult complex in Worcester, Massachusetts. The financing was secured on behalf of owner The United Group.
Dwight Capital provided a $70 million nonrecourse, interest-only loan to refinance Cosmo 440, a newly redeveloped 216-unit multifamily tower in Newark, N.J. The financing replaces part of the capital stack after the project previously received a $60 million BridgeInvest loan for the building’s gut renovation.
Savills signed a five-year lease for 20,481 square feet covering the entire third floor at Rudin’s 560 Lexington Avenue office tower in Manhattan’s Plaza District, expanding its New York City footprint near its U.S. headquarters. The deal adds to more than 110,000 square feet of leasing completed at the property in 2026.
Velocity Financial agreed to buy Toorak Capital Partners’ lending and securitization platform, along with rights to service its $3 billion business-purpose loan portfolio, in an all-cash deal valued at $63 million that is expected to close in the fourth quarter. The transaction expands Velocity’s position in business-purpose real estate lending and securitization.
Doral Marketplace, an 83,365-square-foot newly constructed retail center in Doral, Florida, sold for $83 million. The Whole Foods Market-anchored property was fully leased at the time of sale and includes tenants such as Ulta Beauty, Shake Shack, J. Crew and Warby Parker. Cushman & Wakefield represented seller SJC Ventures.
Jennings Real Estate Services listed two Pittsfield office properties totaling 21,381 square feet for separate sale with a combined asking price of $2.685 million. The offerings include the 14,672-square-foot historic Colt-Pingree House at 101 South Street, priced at $985,000, and a modern office building at 111 Silver Lake Boulevard near the Berkshire Innovation Center.
Mountain Ridge Capital closed a $15 million senior secured asset-based revolving credit facility to support the acquisition of an apparel retailer with more than 70 stores. The facility refinanced the retailer’s incumbent lender and funded part of the acquisition, giving the new owner a single financing solution for the ownership change and ongoing liquidity needs.
Bonaventure started construction on Attain at Swift Creek, a $93.3 million multifamily development in Chester, Va., backed by a $79.9 million HUD 221(d)(4) construction loan originated by Walker & Dunlop. The 40-year, fixed-rate financing will support development of the 31-acre project, while Bonaventure funds the remaining costs from its balance sheet as it seeks a long-term equity partner.
Merritt Properties has broken ground on Phase I of RDU Business Park, a 150-acre light industrial development in Morrisville, N.C., about three miles from Raleigh-Durham International Airport and within the jurisdiction of Cary. The first phase will cover 31 acres and include three single-story buildings totaling 201,250 square feet, with completion slated for late 2027. At full build-out, the industrial park is planned to include 13 single-story buildings totaling 790,527 square feet.
Slate Property Group secured an $86.2 million refinancing loan for Dutch House, a 186-unit apartment complex in Long Island City, Queens. Walker & Dunlop arranged the financing through Ares Capital Management on behalf of Slate and its partner, Avenue Realty Capital. The loan replaces debt issued in 2023 by PCCP and is tied to a property completed in 2022 that includes 21,000 square feet of ground-floor retail space and 56 affordable housing units.
PNC Bank provided a $50.9 million loan to Citadel Care Centers for development of a four-story skilled nursing facility in North Miami Beach, Fla., on a 3.2-acre site near Aventura. The financing covers properties at 1875 and 1800 Northeast 167th Street and comes amid strengthening senior housing fundamentals in Florida, where occupancy has risen to just over 90% in the first quarter of 2026 and the senior population is projected to grow about 4% annually through 2030.
JLL arranged a $73.5 million, five-year fixed-rate loan through Nationwide to refinance McCandless Crossing, a 387,771-square-foot retail power center in McCandless, Pennsylvania. The property was 99% leased at closing, with Lowe’s Home Improvement, T.J. Maxx, Trader Joe’s, HomeGoods and Sierra Trading as anchor tenants, and the tenant roster had a weighted average remaining lease term of 5.7 years.
Jadian Capital platform JIOS secured a $277-million loan from affiliates of Apollo Global Management for a 37-property portfolio across 23 markets. The financing supports a commercial real estate portfolio concentrated in infill sites near logistics hubs and dense population centers, with tenants in equipment rental, building materials, logistics and home services. Jadian said JIOS has secured more than $800 million of debt in 2026 and owns or controls more than 225 assets valued at approximately $2.2 billion across more than 30 markets.
Saglo Cos. sold Commonwealth Shopping Center, an 81,467-square-foot grocery-anchored retail center in Jacksonville, Fla., for $8.1 million. The deal also included six acres of vacant land.
Hawkins Way Capital acquired Loeb Hall, a 268-bed residence hall at 131-135 East 12th Street in Manhattan, from The New School for $51.5 million, marking its third student housing purchase in Manhattan this summer. The property near Union Square is expected to be renovated and repositioned under Hawkins' Found Study student housing platform.
Truist Financial provided a $277 million construction loan for 201 Hudson, by Urby, a 69-story apartment project in Jersey City’s Paulus Hook neighborhood. Newmark arranged the financing for the joint venture between Rockpoint and Urby. The development will include 748 apartments and 10,000 square feet of retail space.
Knighthead Funding provided a $65 million loan to refinance Marram Montauk, a 96-room hotel and resort in Montauk, N.Y. The financing supports a property acquired by an undisclosed sponsor in 2022 that has since expanded capital improvements. Marram Montauk was originally built in 1967 and renovated in 2020.
SJC Ventures sold Doral Marketplace, a completed 89,000-square-foot Whole Foods-anchored retail center in Doral, Fla., for $83 million. The buyer, Traditions Management, assumed a loan with $50 million in outstanding debt that has been assigned to the Bank of Texas. The 10-acre property at 10800 Northwest 41st Street was completed last quarter, and the sale excluded a 1.8-acre parcel leased to Chick-fil-A.
KeyBank signed a 15-year lease renewal and expansion at Elecor Properties’ 1301 Avenue of the Americas in Manhattan, increasing its footprint by 15,292 square feet to 112,924 square feet. The bank will occupy the full 35th, 36th and 37th floors plus portions of the 28th and 38th floors. Asking rent was not disclosed, though CBRE reported average Midtown office asking rent at $86.18 per square foot in the second quarter of 2026.
Truist provided $277 million in construction financing to a joint venture between Rockpoint and Urby for the 748-unit 201 Hudson, by Urby project in Jersey City. The loan supports the second phase of a 69-story multifamily tower in the Paulus Hook neighborhood that will include 528,000 rentable square feet and 10,000 square feet of ground-floor retail space.
TPG AG and Redfearn Capital acquired a national portfolio of 53 industrial buildings totaling about 5.4 million square feet for $628 million. About 75% of the assets are in Southeastern markets including Atlanta, Raleigh, Charlotte, Tampa and Lakeland, and the shallow-bay portfolio was approximately 87% leased at closing.
The Geneva School of Manhattan acquired a six-story, 38,838-square-foot Upper West Side educational facility for $33.2 million in a transaction approved by the United States Bankruptcy Court in July. The deal included a bankruptcy sale resulting in a permanent campus for the school at a price well below the cost of developing a comparable Manhattan facility today.
Marcus & Millichap arranged the sale of two Louisiana multifamily properties totaling 462 units: Magnolia Trace, a 246-unit apartment community in Baton Rouge near LSU, and The Melrose, a 216-unit property in Natchitoches adjacent to Northwestern State University. The transaction involved undisclosed sellers and undisclosed terms, both assets had recent capital improvements, including roof replacements and other property upgrades.
ESN Group acquired Castille at Carillon, a 104,897-square-foot two-building office complex at 400 and 450 Carillon Parkway in St. Petersburg, Florida, for an undisclosed price. The seller was a joint venture between Feldman Equities and Tower Realty Partners. Located in the Carillon Park mixed-use business park, the property was 93% leased to 21 tenants at the time of sale and had received more than $1.8 million in capital improvements since 2020.
Applied Chemistries purchased 609 Silver Street, a 90,000-square-foot industrial building in Agawam Industrial Park in Agawam, Massachusetts, for $6.4 million. The acquisition allows the Agawam-based company to relocate and expand its local operations.
Realterm and Starwood Property Trust provided a $672 million loan for a 78-property industrial outdoor storage portfolio across 33 markets, in what the companies said is the largest financing deal of its kind in the IOS sector. The proceeds will refinance an existing $486 million mortgage, return a portion of capital to primary investors and fund closing costs for the portfolio.
Greenberg Gibbons leased 30,000 square feet to Club Studio at Frederick Brickworks, a $450 million, 65-acre mixed-use development in Frederick, Maryland, where the fitness club will co-anchor with a 35,000-square-foot Whole Foods Market. The project’s first phase is set to include 332 apartments and 320 for-sale townhomes by Wormald and NVR Inc., with completion scheduled for 2028. The City of Frederick said the broader master plan calls for 1,260 residential units and 130,000 square feet of commercial space.
JBL Asset Management purchased a 25,504-square-foot retail condo on the ground floor of Alta Developers’ Quadro building at 3900 Biscayne Boulevard for $17.3 million. The asset sits just east of the Miami Design District and includes tenants such as The Shade Store, 7th Avenue and Waterworks.
Cushman & Wakefield arranged the $131 million sale of Edison Lofts, a 334-unit apartment property in West Orange, New Jersey, and also secured a $91.7 million acquisition loan through New York Life in connection with the transaction. The property was 95% occupied at the time of sale, and the seller was a partnership led by Prism Partners, while the buyer was Sym Investments.
Dinosaur Capital closed a $40 millionn construction loan for its project at 31 Milk St. in downtown Boston, where it plans to convert an office building into 110 residential units. The financing came more than a year after project approval and required a layered capital stack including a city tax abatement, a federal historic tax credit and a $4 million state grant, after construction costs rose by nearly $16 million.
Brooklyn-based T&E Development bought the vacant development site at 538-542 West 29th Street in Manhattan’s West Chelsea area from Amsterdam-based PPHE Hotel Group for $33.5 million. The 9,875-square-foot lot has 74,063 square feet of development potential under New York City’s C6-3 zoning within the Special West Chelsea District.