The latest commercial real estate news and developments.
Associated Bank has provided $32.75 million in construction financing to Toonen, Inc. for the development of Strata Apartments, a 236-unit multifamily community in Grand Chute, Wisconsin. The sprawling residential project will consist of 25 individual buildings featuring a mix of attached and detached garages to meet strong housing demand in the Fox Valley region.
Lodging and resort real estate investment trusts are maintaining consistent operational metrics as the sector adapts to shifting patterns in both business and leisure travel. The stability signals continued recovery and resilience in hospitality-focused commercial real estate.
A fully approved development site in Randolph, New Jersey, has traded hands for $4.5 million, paving the way for a residential and retail project. OES Properties purchased the land, with plans to construct dozens of townhomes and a mixed-use residential and retail building.
Small development groups managing 30 or more investors are driving demand for cost-effective back-office software solutions. The shift highlights a critical operational transition point as firms scale from single projects to multi-asset pipelines.
A historic 1930s post office in downtown Bend, Oregon, has successfully completed an adaptive reuse conversion, reopening its doors as The Westman, an upscale boutique hotel. The project highlights the growing trend of repurposing underutilized federal properties into high-end hospitality venues in thriving urban markets.
Alternative investment giant Ares Management is taking Houston-based Whitestone REIT private in an all-cash transaction valued at roughly $1.7 billion. The definitive merger agreement will transfer ownership of 56 convenience-oriented retail properties into the Ares Real Estate portfolio.
Global alternative investment manager Ares Management is acquiring Houston-based Whitestone REIT in an all-cash transaction valued at roughly $1.7 billion. The deal will absorb 56 community-oriented retail centers, fundamentally shifting the ownership of these neighborhood assets from public to private hands.
Global alternative investment manager Ares Management has acquired Whitestone REIT in an all-cash transaction valued at $1.7 billion. The deal takes the Houston-based retail property owner private, handing Ares a concentrated portfolio of community shopping centers located entirely within the high-growth Arizona and Texas markets.
The ongoing migration of Fortune 500 headquarters from high-cost coastal gateways to business-friendly Sun Belt metros is permanently altering the commercial real estate landscape. This structural shift is creating distinct winners and losers in the national office market.
Younger Partners Investments has acquired a portfolio of retail properties in Fort Worth, signaling continued investor appetite for well-positioned commercial assets in the Dallas-Fort Worth metro. The transaction highlights the firm's strategic focus on neighborhood and community-serving retail centers in high-growth Texas submarkets.
Texas commercial real estate firms announce key executive appointments and corporate expansions that signal growing confidence in the state's business climate. The moves come as investment activity accelerates across major metropolitan markets.
A trio of contiguous retail centers totaling 375,000 square feet in Fort Worth has landed a nine-figure financing package backed by a roster of national credit tenants. The deal underscores sustained institutional appetite for fully leased suburban retail assets in high-growth Texas markets.