PGIM sold the 717,805-square-foot Ponce office complex in Coral Gables, Florida, for $97.8 million to a buyer group including Intalex, Itero, Greenwall Capital Management and the family office of Carl DeSantis. Acore Capital provided a $105 million acquisition loan tied to the transaction. The new owners also plan to invest about $30 million to renovate the 65% leased complex, with work expected to be completed next year.
Grubb Properties secured a $377 million construction loan for its under-construction rental tower at 8 Carlisle Street in Manhattan’s Financial District. The financing came from Maxim Capital Group, Skylight Real Estate Advisors, GreenBarn Investment Group, Axonic Capital and Meadow Partners. The 64-story project will include 462 units and, at 789 feet, is expected to rank among Lower Manhattan’s tallest residential buildings.
JLL originated a $13.5 million Fannie Mae loan to refinance Carrier Woods, an 84-unit apartment complex in Scarborough, Maine, on behalf of borrower Chestnut Realty Management. The seven-year, fixed-rate agency loan covers a property built in 2018 with 80 market-rate units and four affordable units.
InvestMates acquired the single-story retail property at 150 Green St. in Greenpoint, Brooklyn, for approximately $26 million from Green Art Holdings, after securing a $21 million acquisition loan from Northwind Group. The developer plans to redevelop the site into a 73-unit condominium building with ground-floor retail and had already filed demolition plans with the New York City Department of Buildings.
Aimco sold its last known New York City assets at 165-173 East 90th St. for $22.85 million, marking the company’s exit from the city as it continues a broader liquidation. The sale follows stockholder approval in February of a plan to sell Aimco’s 12 remaining U.S. assets and dissolve the company after a yearlong strategic review, with the company also having sold two Chelsea apartment properties for $47 million in April.
Waste Connections acquired a 12-acre trucking terminal site at 17707 Northwest Miami Court in Miami Gardens for $51 million from CenterPoint. The property includes a surface parking lot with 370 spots and a 3,786-square-foot building, and marks CenterPoint’s second Miami-Dade trucking terminal sale in the past year.
The former 440,000-square-foot Macy’s space at 422 Fulton St. in Downtown Brooklyn is being redeveloped into BKX, a five-floor retail and amusement destination by co-owners United American Land and the Jackson Group, with Dreamscape Retail & Entertainment leading the conversion and tenant recruitment. The project represents a major repositioning of one of New York City’s largest available retail blocks into a mixed-use-style retail, dining, entertainment and experiential venue aimed at flagship retailers and next-generation brands.
Southwest Florida’s industrial real estate market is showing renewed momentum in 2026, with first-quarter absorption of 115,777 square feet of flex and industrial space after 189,303 square feet of negative absorption in fourth-quarter 2025, according to Colliers. Leasing activity has already outpaced all quarters in 2025, driven by pent-up demand from users that delayed decisions last year, even as overall vacancy rose to 9.7% from 7.2% a year earlier due to a recent supply increase rather than weakening fundamentals.
Kennedy Wilson purchased Carraway, a 421-unit apartment community in West Harrison, New York, for $237 million, alongside partners Kenedix and Hulic. The deal adds a recently built multifamily asset in Westchester County to Kennedy Wilson’s portfolio, highlighting continued large-scale investment activity in New York-area residential real estate.
Southwood Realty Co. purchased Mason Augusta, a 462-unit apartment community in Augusta for $87 million. Cushman & Wakefield represented seller Waypoint Residential in the transaction. The property, developed in 2022 and 2024 and 95% occupied at the time of sale, adds a recently built multifamily asset to the buyer’s portfolio.
Citigroup supplied a $35 million loan to refinance a newly built 95-unit multifamily property at 406 Remsen Ave. in Brooklyn’s East Flatbush neighborhood. Meridian Capital Group arranged the debt.
RFR developer Aby Rosen has put 190 Bowery in Manhattan up for sale, marking the first offering of the former Germania Bank building in more than a decade. Rosen bought the six-story property in 2015 for $55 million in an off-market deal and has since restored and modernized it; the building now has 33,000 square feet of office space and ground-floor retail that are 100% leased, with office space leased to Industrious at a $95 per square foot asking rent.
A lakefront apartment complex in Pembroke Pines sold for $80.5 million to an out-of-state property company. The 358-unit property spans 25 acres and previously sold in 2016 for $23.4 million, marking a notable multifamily real estate transaction in the local market.
A Commercial Observer roundup highlighted several major real estate deals, but for commercial banking and legal-sector readers the clearest market signal was in New York City office leasing, where Colliers reported second-quarter leasing volume doubled to 11.02 million square feet, the strongest velocity since 2002. Asking rents rose 5.7% year over year to $78.03 per square foot, with law firms accounting for roughly 30% of leasing activity, alongside large renewals such as Cerberus Capital Management’s 131,000-square-foot extension at 875 Third Avenue.
Sun Life Financial acquired Bell Partners, bringing the apartment company's extensive multifamily portfolio, including three Jacksonville properties, into BentallGreenOak's global real estate investment platform.
A warehouse at 44-68 Vernon Boulevard in Long Island City sold for $15.5 million. Queenbea 44-68 LLC sold the roughly 15,800-square-foot property to LIC Vernon 45 LLC.
The loan is for 31 W. 52nd St., a 785,087-square-foot office tower in Manhattan's Plaza District. The asset has been under Rithm Capital's ownership since 2007. Completed in 1986, the office property rises 20 stories and features a 120-spot parking garage and nearly 33,000 square feet of retail space. The office building is 86.5% leased to 16 tenants.
A JV between Kennedy Wilson, Kenedix and Hulic bought Carraway, a 421-unit multifamily community in West Harrison, New York. Completed in 2021 by Toll Brothers Apartment Livin, the Class A property is located at 105 Corporate Dr. in West Harrison and includes approximately 6,400 square feet of ground-floor retail. The property was the developer's first completed project in New York.
The $61 million bridge loan is for Braddock Park West, a 10-story apartment building located outside of New York City in North Bergen. Completed earlier this year, Braddock Park West features 135 units in studio, one- and two-bedroom floor plans with an average size of 801 square feet. Amenities include a fitness center, coworking lounge and a rooftop terrace.
The company acquired Perimeter Woods, a 127,000-square-foot retail center in Charlotte, from Kite Realty. The retail center is 95% occupied. Perimeter Woods was part of a six-property acquisition by DLC, which owns and operates open-air shopping centers.
HF NYC bought the properties located at 8301 and 7705 Bay Pkwy. in Bensonhurst and 1201 and 1640 Ocean Pkwy. in Midwood. All four properties are multifamily spaces. No other details on the sale were provided.
They purchased the 12-story mixed-use building at 118 West 22nd St. in Manhattan's Flatiron District. The approximately 100,000-square-foot property, built in 1911, was sold by Adlie Associates, which had owned it since 1986, while GFP Real Estate continues to manage the building. Current tenants include Walter B. Melvin Architects, Kleinfeld Bridal Boutique and NY Cake, which occupies a 10,500-square-foot ground-floor retail space.
The firm sold Maitland 200, a 207,000-square-foot four-story atrium-style office building located at 2301 Maitland Center Parkway in Orlando, Florida. The property is just over 50% occupied. The buyer was undisclosed. The building features a pristine lobby, a modern common conference center, lakeside views, an on-site deli and 885 parking spaces.
A 16,500-square-foot development site at 863 Dean St. in Brooklyn’s Prospect Heights neighborhood has sold for $16 million. The property is zoned for residential or mixed-use development, signaling continued transaction activity for redevelopment sites in New York City. Marcus & Millichap represented the seller, a local family, and also procured the buyer, though both parties requested anonymity.
SRS Real Estate Partners arranged the $4.5 million sale of a single-tenant restaurant property in Orlando within a new 75-acre mixed-use development under construction. Chipotle occupies the 2,493-square-foot building under a 15-year corporate-guaranteed absolute triple-net lease. SRS represented the seller, a Florida-based developer and investor, and the buyer was a Columbus, Ohio-based investor.
Charney Companies acquired 143 Roebling Street, a five-story, 49-unit loft and rental property in Williamsburg, Brooklyn, from Calmwater Capital for $20 million. The developer plans to restore and modernize the long-vacant 1907 building, while BH3 Fund Advisors provided $30 million in financing for the acquisition, predevelopment and planning of the project.
Digital Realty agreed to buy Blackstone-affiliated funds’ $3.5 billion equity stake in a three-property data center portfolio in Sterling and Manassas, Virginia, a commercial real estate transaction with a gross portfolio value of $7.8 billion. The deal covers Blackstone’s 80% interest in two Manassas data centers and 50 percent interest in one Sterling facility, including assumed debt and remaining capital expenditures. The assets total 288 megawatts of IT capacity, are fully leased for 15 years to investment-grade hyperscale customers and are expected to stabilize in 2027 and 2028.
Urban Realty Partners and MarMar Realty, the Macaluso family’s private development arm, acquired the 81K SF Whitestone Lanes property at 30-05 Whitestone Expressway in Queens for $45M, according to a deed filed Tuesday. The joint venture can redevelop the historic bowling alley site into a nine-story, 406K SF multifamily project with up to 415 apartments and public space following a 2023 rezoning approval, with the project also expected to include affordable housing and qualify for incentive programs.
Benchmark Real Estate Group secured the CMBS refinancing from Citigroup for its 61-unit multifamily property at 194 East Second Street in Manhattan’s East Village. The loan refinances the six-story apartment building Benchmark bought in 2024 for $43 million, with JLL arranging the financing.
A Broward judge entered a final foreclosure judgment in April against the ownership entities of Hillsboro Beach Resort after they defaulted on a $26 million loan from an Emerald Creek Capital affiliate, with accrued interest and fees bringing the debt to about $40 million. The 81-room, six-story resort's amenities include an outdoor pool, fitness center, beach access and a restaurant. The foreclosure auction for the 70,800-square-foot oceanfront resort at 1159 Hillsboro Mile is scheduled for July 16.
Sioni Group acquired the 12-story office building at 38 West 21st Street in Manhattan’s Flatiron District, according to city records. The seller was Jack Vogel Associates, which had owned the property since 1968. BKREA marketed the 1908-built asset, located in the Ladies’ Mile Historic District, as a potential office-to-residential conversion candidate, though broker Bob Knakal said late-stage bidding from office investors intensified competition and benefited the seller.
United Commonwealth Bank provided a $15.25 million fixed-rate acquisition loan for Collier Place I and II, a 60,572-square-foot two-building office complex in Naples, Florida. JLL Capital Markets arranged the financing for borrower Collier Place Owner, an affiliate of KMB Southern Ventures. The property is 97.4% leased and the new owners plan to make capital improvements.
An investment firm affiliated with billionaire Sergey Brin, Amphitheatre, reportedly sold its stake in an A&E Real Estate-managed New York fund holding nearly 5,900 multifamily units. Records cited in the article put the gross value of the stake at roughly $79 million, while A&E said the exiting investor accepted six cents on the dollar on its original equity investment to leave the New York City multifamily sector.
Cushman & Wakefield arranged an undisclosed amount of acquisition financing and joint venture equity for an approximately 8-acre industrial outdoor storage facility in South Plainfield, New Jersey. The financing was secured on behalf of sponsor Ridgecut Road for the property at 200 Saint Nicholas Ave., which includes two maintenance facilities totaling 10,000 and 20,000 square feet.
Wells Fargo provided financing for a 476-unit development called NUVO Delray Beach at 9494 Ilumina Way. The garden-style project is expected to be completed by late 2028. In 2022, NADG paid $42 million for the parcel on which the multifamily project is being built.
The firm purchased The Landings at Pembroke Lakes, a 358-unit, garden-style apartment community located at 10650 Washington St. in Pembroke Pines. The buyer plans to invest in light capital improvements to the property’s interiors and common areas. Built in 1989 around a 45-acre lake, The Landings at Pembroke Lakes is situated on a 27-acre site and offers a mix of one- and two-bedroom apartments. The seller was not disclosed.
The loan is for the refinancing of Latitude, a 35-acre office campus located in Parsippany, New Jersey. Latitude features 524,859 square feet of office space across multiple buildings. The borrower, a JV between Rubenstein Partners and Vision Real Estate Partners, first acquired Latitude in 2017 and subsequently renovated and expanded the campus.
A JV between CP Group and Rialto Capital Management secured the loan to reposition the CTR building in Downtown Atlanta. The loan will be used to transform the 1976-built property into a mixed-use campus and retail district. Located at 190 Marietta St. NW, the historic building has sat vacant since CNN relocated its operations in early 2024.
The firm acquired 101 Marietta, a 36-story, 673,819-square-foot office tower at 101 Marietta St. NW in downtown Atlanta. The building is currently 54.1% leased. Originally constructed in 1975 and renovated in 1999 and 2016, 101 Marietta has seen over $12 million in capital improvements completed by prior ownership, including lobby renovations, tenant amenities, building systems upgrades and digital signage enhancements.
The firm acquired Promenades Port Charlotte, a 226,000-square-foot grocery-anchored shopping center located at 3280 Tamiami Trail in Port Charlotte, Florida. The 1970s-era property was completely renovated in 2024, and its Winn-Dixie anchor was recently rebranded to Aldi. Promenades Port Charlotte was 79.5% leased at the time of sale. The seller was undisclosed.
The financing package is for the construction of a fully affordable, 300-unit building in Queens, N.Y. The property will be part of Edgemere Commons, a 2,000-unit master-planned redevelopment in the Far Rockaway neighborhood. Located at 332 Beach 52nd St., the building will encompass studio and one- to three-bedroom layouts.
Gatsby Florida secured a $100.4 million refinancing for the fully leased DiVosta Towers office complex in Palm Beach Gardens. Cirrus Real Estate Partners provided the three-year, floating-rate, interest-only loan for the 217,208-square-foot property, which was completed in 2020. The complex is anchored by tenants including JPMorgan Chase, Wealthspire Advisors and Virtu Financial.
The health provider acquired the Grand Rehabilitation and Nursing at Queens. The three-story rehab center building at 157-15 19th Ave. in Whitestone, Queens was sold by Clearview Land. The Grand Rehabilitation Center at Queens is a 179-bed facility that offers a variety of services, including physical therapy, radiology and lab tests.
A JV between Union Investment and Nuveen Real Estate sold 1511 Third Ave., a four-story retail building in the Upper East Side. The buyer was Stockbridge. Built in 1905, the property is currently occupied by retailer Gap on the ground floor and basement, and a luxury fitness club on the upper three floors.
The loan is for the refinancing of The Nelson Tower Building, a 510,304-square-foot office complex located at 450 Seventh Ave. in Midtown Manhattan. Originally constructed in 1930 and most recently renovated in 2019, the 46-story building features an upgraded lobby, modernized elevators and a tenant amenity suite with conference facilities and a rooftop lounge.
Newark 469 Elizabeth sold its 58-unit apartment building in Newark. The building is located at 469 Elizabeth Ave. and includes one-, two- and three-bedroom units.
The loan is for the 346-room W Fort Lauderdale hotel. The financing covers the oceanfront property, which Blackstone acquired from Related Companies in 2024 in a $153 million deal that included both the real estate and hotel operations. The 19-story hotel, originally built in 2009, underwent about $55 million in renovations under Related's ownership.
Developer Hershy Silberstein will use the loan to convert the Press Building in Manhattan's Hell's Kitchen from office to residential. The building at 311 West 43rd St. will be converted into 160 apartments and 39,712 rentable square feet of commercial space. Silberstein acquired the building earlier in 2026 for an undisclosed price.
A JV between Geis Companies and Westminster Capital sold the Meridian Business Campus at 16101-16301 Parallel Dr. to Capital Partners. The campus, developed by the seller and completed in 2023, spans 208,400 square feet. The average building size is 52,000 square feet, and the average suite size is 19,000 square feet, the release said. The property is 96.5% leased.
The financing is for Heritage Point, a mixed-use project in Buffalo's Canalside district that will consist of 61 apartments and 30,000 square feet of commercial space across two six-story buildings. The financing includes a $14.8 million senior construction loan from national lender X-Caliber and $11.2 million of C-PACE financing from CastleGreen Finance. The loan is for the developer, Sinatra & Co., which expects to deliver Heritage Point in Q3 2027.
A 53,679-square-foot shopping center in Wilmington, located north of Boston, was traded between undisclosed companies. Grocer McKinno's Market anchors the center, which was 91% leased at the time of sale. The sale also included 13.6 undeveloped, residential-zoned acres situated directly behind the center.
Cipres paid Miami-Dade County $10 for a lot so they can build an eight-story affordable housing project in the Wynwood neighborhood. The lot spans roughly 0.16 acres and has a market value of $3.45 million. The developer plans to construct an eight-story building with 14 income-restricted three-bedroom units and 4,100 square feet of ground-floor retail. As part of the deal, the developer also agreed to make an $800,000 donation to an unspecified education non-profit.
The company purchased the properties at 2712 Hylan Blvd. and 2754 Hylan Blvd. in New Dorp Beach, Staten Island. The seller was the Bregman Organization. The two buildings have a combined 184,204 square feet of built space and 632,284 square feet of air rights with redevelopment potential. The two properties are currently fully leased.
The loan will refinance One Brattle Square, an office and retail building located across the Charles River from Boston in Cambridge. The six-story building, which was 99% leased at the time of the loan closing, is located within the Harvard Square submarket and features 82,500 square feet of office space and 15,000 square feet of retail space.
The loan will finance the final phase of the Seahaven Apartments project in Panama City Beach. The apartment project is roughly 90% complete. Located at 201 Hills Rd., Seahaven Apartments will comprise 230 units across five buildings upon completion. Community amenities will include an outdoor pool, a clubhouse, a yoga studio, cabanas, grilling areas and a dog park.
The loan is for the refinancing of a 52,578-square-foot retail building in Queens. Located at 10-04 Borden Ave., the retail center is located in the borough's Long Island City neighborhood and was fully leased at the time of sale. The center's owner, VOREA, was the loan borrower.
The company sold its single-tenant retail property to an undisclosed buyer. Whole Foods Market occupies the 44,538-square-foot building, which is situated within Webster Square, a 182,348-square-foot shopping center.
The firm acquired the site at 28-04 41st Ave., which is located in the borough’s Long Island City neighborhood. The space can support 25,000 to 30,000 buildable square feet of residential, commercial or mixed-use development. The seller was an undisclosed private family.
Koury Corp. sold Stonesthrow Crossing, its 92,110-square-foot retail center located at the intersection of Farmington Drive and W. Gate City Boulevard in Greensboro. Roses Department Store anchors the nearly-full property. Additional tenants are set to join the center in 2027.
The loan is for JFK Boulevard, an 840-unit multifamily project in Jersey City, New Jersey. The developer will use the loan to construct the 54-story tower within Journal Square. Completion is scheduled for early 2029 and will be built at 2859-2873 JFK Blvd.