The latest commercial real estate news and developments.
Berkadia has arranged a $37.6 million, 28-year Commercial Property-Assessed Clean Energy loan for a newly built 117,075-square-foot outpatient healthcare facility in Washington, D.C.'s Congress Heights neighborhood. The deal highlights the growing momentum of long-term sustainability financing in the medical real estate sector.
Morgan Stanley has divested a 450,330-square-foot industrial asset in Central New Jersey, with the fully leased facility purchased by Property Reserve Inc. CBRE facilitated the transaction for the modern cross-dock building, which remains occupied by Iron Mountain Information Management.
After a strong start to the year with $113 billion in first-quarter transactions, the commercial real estate sector's recovery is facing headwinds from a volatile bond market. Rising Treasury yields are applying upward pressure on borrowing costs, threatening to stall deal momentum through the second half of 2026.
Two Houston-based developers are teaming up to bring a 15,225-square-foot retail center to the rapidly growing Tomball submarket, roughly 30 miles northwest of downtown Houston. The joint venture aims to capitalize on the area's expanding residential base and robust consumer demand along the city's northwest corridor.
Americold leverages its 1.3-billion-cubic-foot cold chain network to solve logistical hurdles in global food assistance. The industrial REIT's specialized infrastructure and safety protocols are proving vital to efficient hunger relief distribution.
A 4,464-square-foot, single-tenant restaurant building occupied by IHOP in Tyler, Texas, has officially changed hands. The transaction highlights sustained investor appetite for well-positioned, quick-service restaurant assets in growing secondary markets across the Lone Star State.
United Group lands $39 million in bridge financing from Eastern Bank to retire construction debt on The Arbella at Bramble Hill, a 123-unit active adult community in Worcester. The deal reflects sustained lender appetite for age-restricted residential properties in secondary New England markets.
Empire State Realty Trust has invested $113.6 million to acquire the land beneath its leased Midtown properties at 111 West 33rd Street and 1400 Broadway, consolidating ownership and eliminating ground lease obligations.
Marcus & Millichap has successfully closed the $9.7 million sale-leaseback of two Super Star Car Wash locations in Tucson and Glendale, Arizona. The transactions highlight a continued appetite for single-tenant net-leased automotive properties in the Sun Belt region.
Texas commercial real estate firms have announced a series of leadership promotions and strategic hires across Dallas-Fort Worth, Houston, and Austin. The personnel shifts highlight an ongoing war for top talent as the industry adapts to evolving capital markets and rising demand for specialized asset management.
The ownership group behind SoJo Spa Club has acquired a mixed-use building at 893 Broadway in Manhattan's Flatiron District for $31 million. The off-market transaction signals continued operator interest in owning real estate in prime retail corridors.
A 31-unit luxury condominium building in Midtown East has secured a $54 million refinancing package to replace its previous debt. The deal highlights continued lender confidence in well-positioned Manhattan residential assets despite broader market headwinds.