Commercial Real Estate News
The Domain Companies Closes $175 Million Wells Fargo Construction Loan for 429-Unit Elara Development in Astoria, Queens
Nuveen Green Capital Surpasses $1 Billion First Close for C-PACE Lending Fund IV, Bringing Series Total to $3 Billion
Parts Town Unlimited Signs 538,450-SF Lease at Trammell Crow Company's Jackson 85 North in Pendergrass, Georgia
Newmark Arranges $277 Million Construction Loan for Urby and Rockpoint Group's 748-Unit Jersey City Tower
YIT Breaks Ground on EUR 94 Million Jätkäsaari Swimming and Sports Center in Helsinki
Marcus & Millichap Brokers $8.1M Sale of Ohio Medical Office Portfolio in Findlay and Lima

Portman Holdings Opens 332-Unit Meadow Glen Village Multifamily Community in Fairburn, Georgia
Portman Holdings has opened Meadow Glen Village, a 332-unit mixed-use multifamily community located approximately 20 miles south of downtown Atlanta in Fairburn, Georgia. The village-inspired development spans nine residential buildings and 12,200 square feet of neighborhood-serving retail space, with leasing now underway.

Portman Holdings Completes The Hall Student Housing Development Near FSU With 191 Apartments, 674 Beds
Portman Holdings has completed The Hall, a purpose-built student housing community adjacent to Florida State University in Tallahassee, Florida, delivering 191 fully furnished apartments and 674 beds across two mid-rise buildings. The project, developed through a joint venture with 908 Group, Canyon Partners Real Estate, and PTM Partners, is now welcoming residents for the fall 2026 semester.

Rockpoint Group and Holland Partner Group Form Joint Venture to Develop 311-Unit Multifamily Community in San Jose
Rockpoint Group and Holland Partner Group have entered into a joint venture to develop Stevens Creek, a 311-unit multifamily community at 3896 Stevens Creek Boulevard in west San Jose. The project, slated for completion in 2029, will include approximately 6,000 square feet of ground-floor retail and targets Silicon Valley's supply-constrained rental market.

Union Investment Real Estate Expands Gerald Kremer's Role in Hamburg Platform Restructuring
Union Investment Real Estate is reorganising its Hamburg-based platform from four management areas into three, elevating COO Gerald Kremer's responsibilities while integrating investment and asset management under a single function. The restructuring, effective August 31, 2026, also marks the departure of Management Board member Henrike Waldburg.
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Greystar Appoints Michael Stapf as Managing Director to Lead Development in Germany and Austria
Greystar has appointed Michael Stapf as Managing Director – Development, Germany & Austria, bringing more than 25 years of real estate experience to lead the firm's development activities across both markets. The hire comes as Greystar deploys capital from its latest European residential fund and advances an active pipeline of residential projects in Berlin.

Taoyuan Aerotropolis Corporation Launches NT$54.5 Billion Asia Silicon Valley Mixed-Use Development Tender
Taoyuan Aerotropolis Corporation has formally launched a public tender for the Asia Silicon Valley Innovation and R&D Center and Surrounding Land Integrated Development project, a mixed-use scheme with an estimated total development value of approximately NT$54.5 billion. The solicitation covers 5.57 hectares of industrial and residential land in Taoyuan City's Zhongli District, with proposals due by January 25, 2027.

Waterford Property Company Breaks Ground on 75-Unit Affordable Housing Community in Milpitas, California
Waterford Property Company has commenced construction on a 75-unit affordable housing development in Milpitas, California, financed through 4% Low-Income Housing Tax Credits and private activity bonds. The five-story project at 1397 California Circle is part of a larger master-planned community and is slated for delivery in early 2028.

Pennrose Properties Completes 61-Unit Tandem Affordable Housing Development on Former I-195 Land in Providence
Pennrose Properties has completed Tandem, the second phase of a mixed-income multifamily development on former Interstate 195 land in Providence, Rhode Island, adding 61 affordable and workforce housing units to the Fox Point neighborhood. Combined with the first phase, Tempo, the two-building Parcel 9 project now totals 127 apartments at 55 George M Cohan Boulevard.

Bakkers|Hommen and Havensteder Strike Deal for 171 Social Rental Apartments at Rotterdam's Max Euwe Kwartier
Developer Bakkers|Hommen and housing corporation Havensteder have signed an agreement to deliver 171 social rental apartments within the Max Euwe Kwartier development in Rotterdam's Brainpark district. Construction is scheduled to begin in October 2026, with completion targeted for 2029.

Patron Capital and INBRIGHT Acquire 14,700-Square-Meter Light-Industrial Property in Cologne-Niehl from Rhenus SMG
Patron Capital and INBRIGHT have acquired a 14,700-square-meter light-industrial property in Cologne-Niehl, Germany, from Rhenus SMG in a deal brokered by Angermann NRW GmbH. The fully leased asset marks the joint venture's seventh German acquisition and ninth overall, with ESG-focused upgrades planned.

Joffrey Houdoux Joins Mirastar as Head of France in Paris Office Launch
Mirastar, KKR Real Estate's pan-European industrial and logistics platform, has opened a Paris office and appointed Joffrey Houdoux as Head of Mirastar France. The new office will oversee management of approximately 195,000 square metres of logistics assets held within KKR's Core+ real estate strategy.

VanTrust Real Estate Breaks Ground on 282,435-SF Industrial Development in Rancho Cordova
VanTrust Real Estate has broken ground on Rio Del Oro Business Park, a three-building, 282,435-square-foot Class A industrial development in Rancho Cordova, California. Colliers is handling leasing for the project, which is slated for delivery in summer 2027.

Pennrose LLC, Atlanta Housing, and Hunt Companies Open 201-Unit Mixed-Income Legacy at Herndon Square in Atlanta
A public-private partnership led by Pennrose LLC, Atlanta Housing, and Hunt Companies has completed Legacy at Herndon Square, a 201-unit mixed-income rental community at 527 Herndon Square Ave in Atlanta's Westside. The project marks the second phase of the five-phase redevelopment of the former Herndon Homes public housing site, with financing from the Urban Residential Finance Authority of the City of Atlanta, Invest Atlanta, and Truist Bank, among others.