Commercial Real Estate News
European Investment Bank and Intesa Sanpaolo Sign €300 Million Deal to Expand Affordable and Student Housing in Italy
Syracuse Housing Authority and McCormack Baron Salazar Break Ground on $100 Million Affordable Senior Housing Development
JLL Arranges $53M Refinancing for Arcadia Huntsville as Bobo Development Group, Revitate Back Alabama Luxury Apartment Community
Avenue & Green Sells for $79M: Pantzer Buys Woodbridge, N.J., Multifamily Community From Prism Capital Partners and Northwestern Mutual
Berkadia Arranges $67M for Federal Apartments Affordable Housing Redevelopment in Fort Lauderdale
SSN Hotel Management Acquires 263-Key Embassy Suites Philadelphia Airport From Ashford Hospitality Trust in JLL-Brokered Sale

Ambrose Property Group Breaks Ground on 947,000 SF Industrial Expansion at Indianapolis Logistics Park – Northwest
Ambrose Property Group has broken ground on Buildings V and VI at Indianapolis Logistics Park – Northwest in Whitestown, Indiana, adding roughly 947,000 square feet of speculative industrial space. Colliers is handling leasing, and Fifth Third Bank is providing the construction loan.

Everflow Supplies Leases 332,635-Square-Foot Building at Linden Logistics Center in New Jersey
Everflow Supplies, a national distributor of plumbing, HVAC and industrial products, has leased the entire 332,635-square-foot building at 100 Linden Logistics Way in Linden, New Jersey. The lease fills the last existing building at the 4.1-million-square-foot Linden Logistics Center.

Ambrose Property Group Sells Whitestown Industrial Facility for $37.6 Million, Plus Mooresville Building to SkyREM
Ambrose Property Group sold a fully leased 233,348-square-foot distribution facility in Whitestown, Indiana, to a private REIT for $37.6 million. Earlier in the month, the firm sold Westpoint Business Park Building IV in Mooresville to SkyREM, bringing the two deals to nearly 734,000 square feet.

Kiser Group Brokers $22 Million Sale of 345-Unit Blue Station Apartments in Blue Island, Illinois
Kiser Group brokered the $22 million sale of Blue Station, a 345-unit workforce apartment community at 2130 W. 122nd Street in Blue Island, Illinois, on behalf of seller Kinzie Assets. The property was 96% occupied at the time of sale and had received more than $3.5 million in capital improvements over the prior four years.
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Tramview Capital Management Acquires 522,500-SF Class A Industrial Property in Lexington, Kentucky for $32.85 Million
Tramview Capital Management has acquired 2390 Remington Way, a 522,500-square-foot Class A cross-dock industrial property in Lexington, Kentucky, for $32.85 million. The facility is 100% leased to Sumitomo Electric Wiring Systems, Inc., a Tier 1 automotive supplier to Toyota Motor Manufacturing Kentucky.

Redevco Acquires WAY Retail Park in Seville in Fifth Spanish Deal for European Retail Parks Fund
Redevco has acquired WAY Retail Park in Dos Hermanas, Seville, on behalf of its Redevco European Retail Parks fund, adding a nearly 50,000-square-meter retail destination to its Spanish portfolio. The transaction, the fund's fifth in Spain, was completed as a share deal from sellers Kronos and King Street.

Homes England and Vistry Exchange Contracts for 1,400-Home Community at Upton Lodge Farm, Northampton
Homes England and Vistry have exchanged contracts to advance a mixed-tenure residential development of up to 1,400 homes at Upton Lodge Farm in Northampton. The project, which secured outline planning permission from West Northamptonshire Council earlier in 2026, is targeting a construction start in early 2028.

Sobha Siniya Island Breaks Ground on 125-Key Anantara Resort With Minor Hotels
Sobha Siniya Island and Minor Hotels held a groundbreaking on Oct. 6 for Anantara Siniya Island Resort and Anantara Residences Sobha Siniya Island in Umm Al Quwain. The project comprises 125 hotel keys and 125 branded residences and is scheduled to open in 2030.

Carter, Front Street Capital Name First Retail Tenants for $250M Mixed-Use District Near Wake Forest University
Atlanta-based Carter and local partner Front Street Capital have named the first five tenants for the Retail & Dining Village at The Grounds, a 100-acre mixed-use district adjacent to Wake Forest University in Winston-Salem, North Carolina. The village is slated to open in fall 2027 as part of a roughly $250 million first phase.

ACORE Capital Provides $71.25 Million Construction Loan to North Palisade Partners for Santee Industrial Project
ACORE Capital provided a $71.25 million construction loan to North Palisade Partners for the acquisition and ground-up development of Palisade Santee Commerce Center, a two-building industrial project in Santee, California. Cushman & Wakefield arranged the financing for the sponsor.

Dubai Retail Announces 1.3 Million-Square-Foot Skylight Mall Along Al Khail Road for 2027 Opening
Dubai Retail, part of Dubai Holding Asset Management, announced Skylight Mall, a 1.3 million-square-foot super-regional mall with more than 360 stores planned along Al Khail Road for 2027. The project will expand the company's portfolio to 58 malls and lifestyle destinations across Dubai.

Optima Living, Axium Infrastructure and Desjardins Global Asset Management Acquire Five Alberta Seniors Communities
Optima Living, Axium Infrastructure and Desjardins Global Asset Management have acquired five seniors living and continuing care communities from The Brenda Strafford Foundation in Calgary and Okotoks, Alberta. The transaction adds more than 1,000 suites and brings the partners' jointly held Western Canadian portfolio to 30 communities.

Maslow Capital Closes £136.8M Facility for Vita Group at Manchester's Circle Square Towers
Maslow Capital has completed a £136.8 million facility for Vita Group, secured by the North and East Towers at Circle Square in Manchester. The financing refinances existing debt, supports Vita's buyout of its joint venture partner and funds the phased sale of 487 apartments.