Ashford Hospitality Trust completed the sale of the 150-key Embassy Suites by Hilton Dallas for $17 million to DG Lodging. This transaction is part of Ashford's ongoing strategy to sell off select assets, with five hotels sold since April and one more pending. The proceeds from the sale were used to pay down the mortgage lender.
Terra and its partners, including RG Development Group and GV Development, received unanimous approval from Miami Beach’s Design Review Board for a 330-foot luxury condo tower at 1250 West Ave. in South Beach. The site, acquired for about $120 million in September and financed with a $98 million loan from Northwind, will replace an existing 15-story, 238-unit condo building. The transaction also included the Bikini Hostel property across the street. The new development will feature 106 luxury condo units, underground parking, a 2,685-square-foot commercial space, and tropical gardens.
Jose Canero sold the terminated Chateau Grove Condominium in Miami’s Coconut Grove to developer El-Ad National Properties for $45.5 million. Canero had acquired and terminated the 25-unit condo association a year earlier for $17.3 million, clearing the way for redevelopment. The property, currently a rental, sits on a half-acre lot and is expected to be redeveloped by El-Ad, though details were not disclosed.
Realterm acquired a one-acre industrial outdoor storage maintenance facility at 935 Garrison Ave. in the Hunts Point submarket of The Bronx. The property includes a 9,400-square-foot maintenance building with three drive-in bays and is currently vacant and available for lease. Realterm plans targeted capital improvements to enhance the facility's functionality and tenant appeal.
Ariel Property Advisors arranged the sale of a development assemblage in the Gowanus neighborhood of Brooklyn for $15.75 million. The site, totaling 57,640 buildable square feet with 140 feet of wraparound frontage, was purchased by Abraham Waldman.
BLDG Real Estate and The Fellowship Family secured $100 million in financing for the 205-unit Fellowship Wildlight senior living community in Nassau County, Florida. The financing team included Peachtree Group, Florida Development Finance Corporation, Farmers & Merchants Bank, a Greystone fund, and Promus Realty.
The Dermot Company secured a 10-year, $355 million refinancing loan for its 48-story, 616-unit apartment building at 21 West End Ave. on Manhattan’s Upper West Side. The refinancing was arranged with Mizuho Americas through New York State Homes and Community Renewal. The property will continue to offer 127 affordable regulated housing units.
Cronheim Mortgage secured $75 million in financing for Orange Plaza, a major regional power center in Middletown, New York, through a life insurance company. The seven-year loan, arranged on behalf of National Realty & Development Corp., features a 30-year amortization schedule. Orange Plaza is 94% leased.
The office building at 9 Entin Rd. in Parsippany, totaling nearly 194,000 square feet, is being marketed for sale by JLL after the owner invested approximately $10 million in renovations since 2021. The property is currently 91.1% leased.
JLL Capital Markets announced the sale of Newbury Self Storage, a 686-unit self-storage facility in Newbury, Massachusetts, approximately 30 miles north of Boston. The seller was Stowaway Storage Newbury, and the buyer was Andover Properties. Financial terms were not disclosed. The property comprises 12 single-story buildings developed between 2016 and 2023, totaling about 111,000 rentable square feet, with additional land available for future expansion. The nearly 50-acre site is located along Route 1 and serves the greater North Shore market.
Cushman & Wakefield brokered the sale of the Shoppes of Sweetwater, a 64,253-square-foot, shopping center in Longwood, Florida, to Graphite Real Estate. The center was 94% leased at the time of sale.
The Maryland Clean Energy Center (MCEC) closed a $43 million C-PACE loan, the largest of its kind in Maryland, for the development of the Marriott Downtown Frederick at Carroll Creek. Nuveen Green Capital provided the 30-year, fixed-rate financing to Plamondon Hospitality Partners, the local developer. The C-PACE financing will support sustainable building initiatives, including advanced insulation, energy-efficient windows, HVAC systems, LED lighting, and water-saving fixtures.
Vornado Realty Trust and its joint venture partners refinanced 61 Ninth Ave., a fully leased office and retail property in New York's Meatpacking District, with a $161-million interest-only loan. The loan, maturing in March 2029 if fully extended, carries a floating rate starting at SOFR plus 3.00% and replaces a previous $155-million loan at SOFR plus 2.45%.
Mapletree Investments, a Singapore-based investment and development firm, acquired a 96.8-acre site at 370 Smithburg Rd. in Manalapan, New Jersey for approximately $100 million. The company plans to develop a 952,720-square-foot logistics facility on the property, consisting of two warehouse buildings with over 40-foot clear heights, 366 car parking spaces, 141 trailer spaces, and 172 dock doors. The site is strategically located near the New Jersey Turnpike and major air and sea cargo hubs.
NAI DiLeo-Bram brokered the $18.2 million sale of a 50,400-square-foot industrial building at 80 Executive Ave. in Edison, New Jersey. The property, completed in 2020, includes 3,000 square feet of office space, a 32-foot clear height, five dock doors, one drive-in door, and parking for 25 cars and six trailers. Both the buyer and seller were limited liability companies.
Verdantas, an environmental consulting firm, leased approximately 10,500 square feet of Class A office space at 1044 Route 22 in Bridgewater, New Jersey. The lease, brokered by Avison Young for Verdantas and Newmark for the landlord Signature Acquisitions, enables Verdantas to consolidate 50-60 employees from multiple locations into a single, centrally located office.
Divaris Real Estate was appointed to handle leasing for two shopping centers. Lakeside Crossing is a 67,034-square-foot shopping center located in Lynchburg in Virginia, while Town Village is a 116,303-square-foot neighborhood center located within the master-planned community of New Town in Owings Mills in Maryland.
Drawbridge Realty entered the Nashville market by acquiring Bridgestone Tower, a 30-story, 514,000-square-foot office building in downtown Nashville, for $255 million from Highwoods Properties. The building is fully leased and serves as Bridgestone Americas' headquarters. Eastdil Secured represented Highwoods in the sale.
A JV between RPM Living and Cantor Fitzgerald Asset Management acquired Biscayne Shores, a 380-unit Class A community in Miami. Integra Investments sold the property for $398,000 per unit. The 2021-built community includes a 15-story tower with 288 apartments and 92 townhomes, along with 15,000 square feet of amenity space, with a fitness center, a swimming pool, a children's playroom and rooftop terrace.
The firm acquired Apex Commerce Center, a three-building Class A industrial portfolio in Raleigh. Located at 2061 Production Dr., the Apex Commerce Center totals 613,353 square feet across three buildings. Stonelake presently owns 22.5 million square feet of industrial assets across 230+ buildings in 14 Sunbelt markets, with an average building size of approximately 95,000 square feet.
A JV between BentallGreenOak and Greenlaw Partners purchased River Park 6 in Butts County for $70 million. The 724,687-square-foot warehouse is part of River Park industrial campus. The seller was a JV between Waterloo Partners and ICM Property Group. River Park 6 is 46% leased.
The firm paid $31 million for the 200-unit affordable community, Silver Oaks Apartments, and earmarked another $24 million for its renovation. Standard Communities sold the property, located at 4200 Kenneth Court. Fairstead's renovations will include updated interiors, enhanced mechanical, electrical and plumbing systems, exterior upgrades, as well as renovated common areas and community spaces, including playgrounds and a gym.
The company sold Waldorf Park, a 22,425-square-foot retail property located in Waldorf, Maryland. Built in 2022, the property is 93% occupied by 12 tenants including Comprehensive Primary Care, Club Pilates and Naz's Halal Food. The buyer was a local private investor.
The local developer bought the three-story, 21,800-square-foot building at 422 E. Franklin St. in Richmond, Virginia. The building formally housed the Richmond Free Press. The seller was Jean Boone, the Free Press's former publisher whose late husband Raymond Boone started the publication in 1992.
Medipower Group secured $71.3 million in acquisition financing for a Bergen County, New Jersey shopping center and six retail properties in the Southeast. Protective Life provided a loan for the 77,743-square-foot property at 430 Lewandowski St. in Lyndhurst, New Jersey, while Nationwide financed the purchase of a portfolio in Myrtle Beach, South Carolina; Virginia Beach, Virginia; and four Atlanta metro locations. JLL sourced the transactions and represented Medipower. The properties are 99.7% occupied.
Brookfield Asset Management sold the Homewood Suites Chicago-Downtown, a 233-room hotel, for $29 million to an entity tied to investor Prakash Patel. Brookfield originally acquired the property, along with about 100 others, through the April 2021 Chapter 11 bankruptcy of Hospitality Investors Trust. At the time, Hospitality Investors Trust filed for bankruptcy due to severe financial distress caused by the pandemic's impact on the travel sector.
The Davis Companies formed a joint venture with GoodFriend Storage after acquiring Syosset Self-Storage at 475 Underhill Blvd. in Syosset, New York. This marks Davis’ 21st self-storage acquisition or development project. The property, located on Long Island’s affluent North Shore, will undergo a warehouse conversion and enhancements to increase capacity and improve its market position.
Blackstone is launching a lending platform within its Blackstone Real Estate Debt Strategies division to finance the construction of 50,000 for-sale homes annually across the U.S. This initiative aims to provide additional financing options for homebuilders facing challenges from high interest rates and increased material and labor costs. The platform, supported by portfolio company Brio Homebuilder Solutions and third-party partnerships, is positioned as a response to the critical housing supply gap. Blackstone did not disclose the fund size or further operational details.
Developers are reviving plans for an 18-story mixed-use tower in Charlestown, featuring a 130-room boutique luxury hotel and 108 apartments. The project is set for an industrial area and signals renewed commercial real estate development activity in the region.
Extell Development closed on a major Midtown Manhattan assemblage at 405-417 Park Ave. for $500 million, acquiring properties from Corem Property Group AB and DWS. Extell also purchased $20 million in air rights from Central Synagogue and is reportedly negotiating to acquire additional adjacent buildings, including 110 East 55th St. The combined site could support up to 700,000 square feet of rentable office space with the added air rights.
The refinancing of 1 Willoughby Square, Brooklyn’s tallest office tower, resulted in significant losses for foreign investors, highlighting ongoing challenges in the U.S. office market outside Manhattan. La Caisse de dépôt et placement du Québec took a $55 million write-down on a $235 million construction loan, while EB-5 visa program investors lost about $65 million on nearly $100 million of mezzanine debt. These EB-5 investors were partially compensated with a lien on a separate property and a $10 million payment due from JEMB Realty by year-end, accruing 15% interest if unpaid. JEMB injected $65 million in new equity and brought in Averroes Partners and KSR as nominal partners.
Barings provided a $58 million loan to refinance 1333 Broadway, a 106-unit mixed-income apartment building in Brooklyn, through a transaction arranged by JLL Capital Markets. The building, developed by Ekstein Development Group and Standard Real Estate Investments, benefits from its location near transit and the Bushwick neighborhood's strong market fundamentals. The financing was supported by now-defunct 421a and ongoing ICAP tax abatements, and includes 29,000 square feet of ground-floor retail.
Colliers brokered the $35 million sale of the Florida Space Coast Investment Portfolio, a five-property portfolio in Melbourne, Florida, totaling over 294,000 square feet of office, industrial, retail, and medical office space. Notable sales include Imperial Plaza, Centre at Suntree, Melbourne Corporate Center, Hibiscus Professional Center, and Rivercrest Professional Center. Buyers included PMD Capital Management and Southeast Petro.
Greystone provided a $20 million FHA/HUD-insured loan to refinance HELIO Apartments, a 69-unit multifamily property in Kearny, New Jersey. The long-term FHA/HUD financing supports the stabilization of the property and reflects continued activity in commercial banking for multifamily assets in Northern New Jersey.
Marcus & Millichap brokered the $4 million sale of a 62,259-square-foot industrial building at 44 Mead St. in Leominster, Massachusetts, located about 50 miles west of Boston. The property features clear heights of 14 to 16 feet, eight loading docks, and two grade-level doors.
Soloviev Group, with Bank of America as lead lender and Wells Fargo and Citibank as secondary leads, completed a $1.8 billion refinancing of its flagship commercial property, 9 West 57th St. in New York. The refinancing secured a 4.97% interest rate, with additional hedging to reduce the effective rate, supporting the building's long-term financial performance. The 50-story, 1.7 million square foot Class A tower is expected to reach a market valuation of $3.9 billion upon stabilization.
First Citizens Bank committed $600 million in financing to Solar Landscape, supporting the acceleration of its commercial rooftop solar projects in New Jersey and across the U.S. The financing includes a $350 million three-year revolving credit facility for construction and a $250 million delayed-draw term loan facility with a five-year tenor. The facility is anchored by 146 megawatts of community solar assets under construction or in late-stage development in Illinois, New Jersey, Maryland, and Minnesota, and is structured to support future portfolios in additional states such as Pennsylvania, Virginia, and New York.
Walker & Dunlop arranged a $79 million interest-only, nonrecourse bridge loan for the refinancing of The Jewel at Santa Rosa Beach, a 408-unit Class A apartment community in Florida’s Panhandle. The loan was secured through an institutional debt fund on behalf of Bristol Development Group. The property, located at 158 Malachite Way, features a range of amenities including a clubhouse, fitness center, two swimming pools, coworking space, golf lounge, and a dog park and spa.
Sun Life Assurance Co. of Canada, through its BentallGreenOak real estate platform, acquired a medical office property in Riverview, Florida for approximately $28.5 million. The 33,694-square-foot facility is located at 6606 Simmons Loop near U.S. 301. Sun Life's acquisition follows its completion of acquiring the remaining equity interests in BentallGreenOak, as part of its broader strategy to expand its asset management business. BentallGreenOak manages real estate investments across office, industrial, multifamily, retail, and healthcare sectors globally.
Santander Bank sold Monument III, a nearly 200,000-square-foot office building in Herndon, Virginia, to Crown Properties for approximately $28 million. Newmark brokered the sale and secured acquisition financing for the buyer. Following the transaction, Newmark extended a 58,977-square-foot lease with anchor tenant Serco Inc. Crown Properties plans to invest in capital improvements at the property, including a new fitness center, golf simulator, and upgrades to the lounge and café.
Northwind provided a $401 million floating-rate bridge loan to Catalfumo Companies for the completion of The Ritz-Carlton Residences, Palm Beach Gardens, a luxury waterfront condominium project in Florida. The loan refinances a previous $340 million construction loan from Madison Realty Capital, with the remaining debt to be disbursed upon project completion. The development, featuring 106 condos and a private marina, is 35% presold and is expected to benefit from ongoing migration trends and increased institutional presence in South Florida.
The Macerich Company acquired Annapolis Mall, a 1.5-million-square-foot retail center in Anne Arundel County, for $272 million. This off-market transaction reflects Macerich's strategy to acquire assets in strong trade areas with limited competition. Macerich plans to invest approximately $40 million in leasing capital to further enhance the center.
A partnership led by Pyramid Management Group, Paolino Properties, and DW Partners was approved to acquire Providence Place Mall in Providence, Rhode Island for $133 million, ending a year-long receivership after the property defaulted under previous owner Brookfield Properties. The new ownership group plans to reposition the 1.4 million-square-foot mall by enhancing its retail, dining, and entertainment offerings.
Rogers Equities acquired 120 Court St. in Brooklyn Heights from the Sorkin family for $30 million, with plans to redevelop the site into a high-end, 75-unit, 14-story mixed-use rental building under New York State’s 485x property tax incentive program. The development will feature 64,500 square feet of residential space, ground-floor retail, amenity spaces, and rooftop recreation.
JLL Capital Markets arranged the $8.5 million sale of a 60,666-square-foot retail property at 37 Enon St., Beverly, Massachusetts. The property, fully leased to Stop & Shop since 1986, was sold by Enon Street Realty Trust, to Transom Real Estate, Beverly TRE LLC. The site, which sits on 4.9 acres, was the original location of the first Marshalls store in the U.S.
Atlantic Capital Partners brokered the $5.2 million sale of a fully leased 22,100-square-foot retail property at 625 Southern Artery in Quincy, Massachusetts. The building's tenants include Goodwill, Pet Supplies Plus, and Artery Garden Center. The seller was The Davis Cos., and the buyer was a private investor.
Continental Realty acquired 14 shopping centers totaling over 2 million square feet across seven states in the Southeast and Midwest from U.S. Properties Group for approximately $200 million. The off-market transaction, brokered by CBRE, is one of the largest U.S. retail portfolio deals so far this year. The centers are more than 93% leased, with over 230 tenants, and are located in Georgia, Illinois, Tennessee, Ohio, North Carolina, South Carolina, and Virginia. This acquisition expands Continental Realty’s national shopping center portfolio to over 10.5 million square feet and brings its assets under management to just under $5 billion.
Property Reserve, the real estate investment arm of the Church of Jesus Christ of Latter-day Saints, acquired Uptown Boca Villas, a 456-unit rental complex in Boca Raton, for $240 million. The seller, Cortland, had purchased the property for $230 million in 2021, reflecting modest appreciation amid slowing rent growth. Uptown Boca Villas is part of a larger mixed-use development that includes retail and fitness amenities. Property Reserve has been increasing its South Florida investments, including a $153 million purchase of the Del Ola multifamily community in Boca Raton last year and a $133 million acquisition in Plantation in 2022.
Clear Investment Group acquired the 671-unit Langston Views apartment complex in Washington, D.C. from foreclosure. The property was refinanced with a $50 million bridge-to-agency loan arranged by Meridian Capital Group through NewBridge Lending. Since acquisition, Clear has invested in capital improvements and increased occupancy to 85%.
Colliers brokered the sale of a five-property office and mixed-use investment portfolio in Melbourne, Florida, totaling over 294,000 square feet for $35 million. The portfolio, known as the 'Florida Space Coast Investment Portfolio,' was sold through multiple transactions between August 2025 and April 2026. PMD Capital Management acquired Melbourne Corporate Center and Hibiscus Professional Center, while an affiliate of Southeast Petro purchased Imperial Plaza, Centre at Suntree, and Rivercrest Professional Center.
Webster Bank issued a $33.2 million loan to refinance a 315,000-square-foot industrial distribution property at 456 Sullivan Ave. in South Windsor, Connecticut. The building, which has a clear height of 31.5 feet, was fully leased to a single tenant at the time of the loan closing. The loan was arranged by Newmark.
CBRE facilitated the sale of the United Digestive Surgery Center Portfolio, totaling 29,582 sq. ft. across two ambulatory surgery centers (ASCs) in Lake Mary and Orange City, Florida, to institutional buyer BGO. The properties, completed in 2022 and 2023, are leased long-term to United Digestive, a GI-focused provider platform, with USPI as the ASC operator.
Forbright Bank, a commercial bank headquartered at Chase Tower in Chevy Chase, Maryland, partnered with R3 Ventures to acquire the 12-story office building that houses its headquarters and a bank branch. The acquisition includes 227,000 square feet of office space and 18,000 square feet of retail space. R3 Ventures will co-invest and manage asset management duties, including leasing strategy and capital improvements, while JBG Smith has been retained as property manager. The seller and sales price were not disclosed. Cushman & Wakefield represented the new ownership, and Eastdil Secured represented the seller.
Global Net Lease (GNL) agreed to acquire Modiv Industrial in a $535 million merger, paying a 17% premium to Modiv’s prior closing share price. The deal adds 42 industrial properties to GNL’s portfolio, which now totals 820 properties and 41 million square feet. The Modiv portfolio, with assets in California, Florida, Minnesota, and Washington, is expected to be immediately accretive to GNL’s earnings.
National Healthcare Properties agreed to sell an 86-property outpatient medical portfolio for $528 million, with the transaction expected to close in the third or fourth quarter of 2026.
JLL arranged a $109.5 million, three-year floating-rate bridge loan through MF1 Capital to refinance Edgewater Riello, a newly renovated 226-unit apartment building in Edgewater, New Jersey. The loan was secured on behalf of sponsors Skylight Real Estate Partners and PCCP.
An affiliate of Olshan Properties secured a $40 million loan to refinance 99 Hudson St., a 183,958-square-foot office building in Manhattan's Tribeca neighborhood. The 17-story building, completed in 1930, was 97% leased at the time of closing. The loan was arranged by JLL , with financing provided by an undisclosed life insurance company.
The Davis Cos. sold a 491-unit self-storage facility located at 235 N. Beacon St. in Boston’s Brighton neighborhood. The property, which spans 28,885 net rentable square feet, was acquired by Davis in April 2018 and underwent capital improvements, including a 56-unit, second-story expansion. The buyer is a joint venture between Invesco Real Estate and Baranof Holdings.
Sculptor Real Estate Income Strategy and Trinity Investments acquired the JW Marriott Marco Island Beach Resort from MassMutual's asset management arm, Barings LLC, for $835 million. The property, which has been owned by MassMutual for over 40 years, will continue to operate under the JW Marriott brand and be managed by Marriott International.
FM, a Rhode Island-based commercial property insurer, acquired 10 Memorial Blvd., a 10-story, 290,000-square-foot office building in downtown Providence. FM plans to occupy part of the space. The seller and sales price were not disclosed.