Neuberger Berman's Almanac and Priority Life Care Buy Seven-Property Pennsylvania Seniors Housing Portfolio From ValStone Partners
•JLL
United States CRE News
Commercial Real Estate News
Meritex, Goldman Sachs Alternatives Recapitalize 1.2M-SF Atlanta Industrial Portfolio
•the Meritex Company
Lincoln Property Company Acquires 1.09M-SF Shiloh Light Industrial Portfolio in Alpharetta, Georgia
•Lincoln Property Company
UDR Names Scott McCallum Chief Investment Officer, Hiring Blackstone Managing Director
•UDR
Bridge Logistics Properties Acquires 545,836-SF Stockton Airport Business Center
•Colliers
Trinity Investments Secures $210M CMBS Refinancing for Grand Hyatt Indian Wells Resort via JLL and Citi
•JLL
Walker & Dunlop Arranges $216 Million ACORE Capital Bridge Loan for SoHo's 568 Broadway
•Walker & Dunlop
DevelopmentMultifamilyAffordable
High Street Residential Breaks Ground on 435-Unit Mixed-Income Community at 5550 LBJ in North Dallas
A joint venture led by High Street Residential, Trammell Crow Company's residential subsidiary, has broken ground on a 435-unit multifamily community at 5550 Lyndon B. Johnson Freeway in Dallas. The project replaces three vacant office buildings, retains an existing parking garage and is scheduled for completion by summer 2028.
•Trammell Crow Company
Fundraising
Continental Properties Closes $203 Million Development Fund IV to Build Workforce Multifamily Housing
Continental Properties Company, Inc. closed Continental Properties Real Estate Development Fund IV, L.P. with $203 million in capital commitments to develop 10 to 15 suburban multifamily communities. The fund targets middle-income rental housing as multifamily construction starts have declined from their 2022 peak.
•MultifamilyWorkforce
FinancingMixed UseMultifamily+1
Lincoln Property Company, McCourt Partners Land $132.7M Bank OZK Loan for ElevenOneEleven in Culver City
Lincoln Property Company and McCourt Partners secured $132.7 million in construction financing from Bank OZK for ElevenOneEleven, a six-story, 344-unit mixed-use project at 11111 Jefferson Boulevard in Culver City. Berkadia arranged the financing, and construction is anticipated to begin in the fourth quarter of 2026.
•Lincoln Property Company
DevelopmentMixed UseMultifamily+1
Rangewater Real Estate, Nippon Steel Kowa Break Ground on 274-Unit Ellory House at Atlanta's Lulah Hills
Rangewater Real Estate and Nippon Steel Kowa Real Estate Co., Ltd. broke ground Oct. 13 on Ellory House, a mixed-use project with 274 apartments and 39,000 square feet of retail at the 78-acre Lulah Hills redevelopment. The project marks Nippon Steel Kowa's first U.S. rental-housing development.
•EDENS
More News
Property TransactionsRetail
EDENS Acquires The Forum Carlsbad From Northwood Investors and Nuveen Real Estate
EDENS has acquired The Forum Carlsbad, a roughly 265,000-square-foot open-air shopping center in San Diego County, from Northwood Investors and Nuveen Real Estate. The sale follows a series of renovations and tenant changes by the sellers.
•EDENS
DevelopmentMixed UseOffice+5
Prism Capital Partners Marks 10 Years at ON3, a 116-Acre Mixed-Use Campus in Clifton and Nutley
Prism Capital Partners marked 10 years of progress at ON3, the former Hoffmann-La Roche campus in Clifton and Nutley, N.J., which now holds 1.55 million square feet of fully occupied space. The firm said more than $100 million in infrastructure investment and key approvals have paved the way for up to 2 million square feet of additional development.
•Prism Capital Partners
FinancingMultifamily
WAY Capital Arranges $299M Mavik Financing for Aspirant Development's Revelry Tower Project in Tempe
WAY Capital arranged $299 million in financing from Mavik for Revelry, a $288 million, 533-unit luxury high-rise community under construction in Tempe, Arizona. The financing was secured on behalf of Aspirant Development, the luxury infill division of Empire Group.
•WAY Capital
FinancingMultifamily
JLL Arranges $463 Million Bridge Loan for Thompson Thrift's Eight-Property Multifamily Portfolio
JLL's Capital Markets group arranged $463 million in floating-rate bridge financing for Thompson Thrift's eight-property, 2,412-unit multifamily portfolio. Barings provided the construction take-out loan, which retired existing construction debt on communities in Florida, Georgia and Arizona.
•JLL
DevelopmentMixed UseMultifamily+1
Tritec Real Estate Company Advances $1.3 Billion Station Yards Development With Three-Building Phase in Ronkonkoma
Tritec Real Estate Company has broken ground on the next phase of Station Yards in Ronkonkoma, adding 285 apartments and 30,000 square feet of Northwell Health medical space. The phase is part of a $1.3 billion transit-oriented redevelopment, and new murals were unveiled as part of the project's public-space program.
•Tritec Real Estate Company
FundraisingMultifamilyStudent Housing
Griffin Capital Closes $400 Million Opportunity Zone Fund IV for Multifamily and Student Housing in Five States
Griffin Capital closed its fourth Qualified Opportunity Zone fund with approximately $400 million of investor equity, backing six multifamily and student housing investments across five states. The portfolio totals 1,918 units and about $787 million of total project cost.
•Griffin Capital
DevelopmentSenior Housing
Integrated Development II, Affinius Capital and HPI Target May 2028 Opening for 214-Unit Sophia Fox Valley Senior Living in Aurora
Integrated Development II, Affinius Capital and HPI Real Estate Services & Investments are on track for a May 2028 opening of Sophia Fox Valley, a 214-unit senior living community in Aurora, Illinois. Solera Senior Living will operate the community, which is part of the broader redevelopment of Fox Valley Mall.
•Solera Senior Living
Property TransactionsSelf Storage
Colliers' Ashley Compton Brokers Sale of Four-Property Simply Storage Virginia Portfolio
Colliers announced the sale of the Simply Storage Virginia Portfolio, a four-property self-storage portfolio totaling 302,400 square feet and 2,883 units. Ashley Compton of Colliers' Self Storage Group represented the seller, and an institutional investor was the buyer.
•Colliers
DevelopmentAffordableMultifamily+1
Housing Authority of the City of Los Angeles, Michaels Open 75-Unit Mariposa at Jordan Downs in Watts
The Housing Authority of the City of Los Angeles and The Michaels Organization opened Mariposa at Jordan Downs, a 75-unit mixed-income building in Watts and the fifth phase of the redevelopment. Officials also broke ground on The Children's Park and said a sixth housing phase is expected to start later this year.
•The Michaels Organization