Tishman Speyer has completed its first office acquisition in its hometown since before the pandemic. The New York City office giant, which owns Rockefeller Center and The Spiral, spent $105.5M on a fully leased, 12-story office building in Lower Manhattan. 148 Lafayette…
Renters are increasingly choosing to stay put rather than venture into the unknown, where elevated home prices and broader economic volatility await. Apartments are staying full longer as high mortgage rates and limited inventory keep renters in place. Historically, about…
Data center developer T5 Data Centers is expanding its footprint in Georgia and Chicago amid the firm’s growing focus on hyperscale megacampuses. Atlanta-based T5 announced plans last week for a 1.2 gigawatt data center campus in Georgia, its fourth in…
Sagard Real Estate acquired Grande Oaks, a 270-unit garden-style apartment community located in Roswell, Georgia. Starwood Capital Group was the seller. Commercial Edge reports Starwood initially purchased the community in 2021 for $77.7 million. Sagard plans to execute a value-add…
Landmark Properties has closed on the acquisition of a 1.56-acre site at 134 N. Eagleville Rd., adjacent to the University of Connecticut’s (UConn) main campus in Storrs, CT. The firm will begin construction on The Mark Mansfield, a 738-bed student housing…
Greysteel has completed the sale of Mary Hardesty House, a 60-unit senior community located at 218 Mosby Boulevard in Berryville, Virginia. The property, which was developed using Low-Income Housing Tax Credit (LIHTC) financing, is encumbered by a long-term use agreement…
Lument announced the placement of a $14 million CMBS loan to refinance Mi-Place at Vineyards, a 41-unit, 65,000-square-foot retail mixed-use development in Lewes, Delaware. Ben Retter, a director on Lument’s debt capital markets team, led the transaction. The CMBS loan…
The Walnut Street Joint Venture, comprised of Affordable Housing and Services Collaborative, Inc., the Peabody Companies and Onyx Group Development, has opened a lottery for Walnut Knoll, a new 141-unit affordable housing community. The project is intended for persons aged 55 and older and…
Marcus & Millichap closed the sale of two adjacent retail properties in Maplewood, NJ for $4,262,500. Located at 1812 and 1802 Springfield Ave., the 12,415-square-foot freestanding properties are leased to Dollar General and Sherwin-Williams. “Credit-tenant net leases in northern New Jersey…
Peak Properties has been awarded the management assignment at 7800-10 S. Colfax in Chicago’s South Side. “We are excited to bring our expertise to this property and contribute to the South Side community,” said Cory Eisenstein, VP of property management…
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