Progressive Real Estate Partners has completed the $2.95 million sale of a 17,272-square-foot former Rite-Aid building in Barstow, California to Barstow Community College. Paul Galmarini represented the seller, while George Okita and Sophia Heimall of California Commercial Real Estate Services represented the buyer.

Oct 1, 2026•Progressive Real Estate Partners

Development

TARAF and Mubadala Investment Company Sign MoU for 5.4M-Square-Foot Mixed-Use Development on Abu Dhabi's Al Reem Island

TARAF, the real estate division of Yas Holding, and Mubadala Investment Company have signed a Memorandum of Understanding to explore a large-scale mixed-use waterfront development on Al Reem Island in Abu Dhabi. The proposed masterplan spans 10 plots totaling approximately 655,000 square feet of land with a planned gross floor area of approximately 5.4 million square feet.

Oct 3, 2026•Mixed UseMultifamilyRetail

IFC and Sustainable Development Investment Company representatives at the signing ceremony for the OMR38.5 million Islamic green facility supporting the Plaza District at The Sustainable City–Yiti near Muscat.

FinancingMixed UseMultifamily+4

IFC Closes US$100 Million Islamic Green Facility With Sustainable Development Investment Company for Muscat Mixed-Use Plaza District

The International Finance Corporation has closed a US$100 million Islamic finance green facility with Sustainable Development Investment Company to fund the Plaza District at The Sustainable City–Yiti in Muscat, marking IFC's first real estate investment in Oman. The 19-building mixed-use development will deliver 1,225 apartments alongside office, retail and community uses within a master-planned community targeting net-zero emissions by 2040.

Oct 3, 2026•International Finance Corporation

Aldar and Arada executives sign the strategic development partnership that will support approximately AED 15 billion in mixed-use and residential projects across Abu Dhabi.

Joint VenturesMixed UseMultifamily+2

Aldar Properties and Arada Form AED 15 Billion Partnership for Abu Dhabi Mixed-Use and Residential Development

Aldar Properties PJSC and Arada have formed a strategic partnership valued at approximately AED 15 billion ($4.1 billion) to co-develop a large-scale mixed-use community at Seih Sdeirah and residential projects on Yas Island in Abu Dhabi. The agreement marks Arada's first development presence in the emirate.

Oct 2, 2026•Aldar Properties PJSC

Property Transactions

Sterling Organization Acquires 277,057-SF Grocery-Anchored Portfolio in California and Hawaii with Eastdil Secured Savills

Sterling Organization has acquired a three-property, grocery-anchored shopping center portfolio totaling 277,057 square feet across California and Hawaii for its Sterling United Properties fund series. Eastdil Secured Savills advised on the transaction, which marks Sterling's first investment in Hawaii.

Oct 4, 2026•Sterling Organization

Development

Singtel and Lendlease Launch Leasing at One Comcentre, Orchard Road's First Grade A Mixed-Use Development in Two Decades

Singtel and Lendlease have opened leasing at One Comcentre, a redevelopment of Singtel's former Somerset headquarters that will deliver more than 1 million square feet of Grade A office and mixed-use space to Orchard Road by end-2028. The project is positioned as Singapore's first AI-native building and its first end-to-end carbon-neutral Grade A commercial property.

Oct 3, 2026•Lendlease

More News

Aerial view of Bouquet Junction in Santa Clarita, the approximately 120,000-square-foot retail center acquired with Buchanan Mortgage Holdings’ $26.5 million senior bridge loan and targeted for facade improvements and new drive-thru pad sites.

FinancingRetail

Buchanan Street Partners Provides $26.5 Million Bridge Loan for Santa Clarita Retail Center Acquisition

Buchanan Mortgage Holdings, LLC, an affiliate of Buchanan Street Partners, has closed a $26.5 million senior bridge loan to finance the acquisition and repositioning of a 120,000-square-foot retail center in Santa Clarita, California. The sponsor plans a facade renovation and the entitlement and development of three drive-thru pad sites at the property.

Sep 30, 2026•Buchanan Street Partners

Retail News

Commercial Real Estate News

JLL Arranges $60.65M Sale and $42.91M Financing of Walnut Tech Business Center for AEW and CIP Real Estate II LLC

FD Retail Properties LLC Closes $74.7M Sale-Leaseback of 47 Family Dollar Stores with JLL and GA Group Real Estate

Rhino Investments Group Secures $72.3M Financing for Randhurst Village Acquisition, with 3650 Capital and Aquarian Real Estate Partners

Newmark Arranges $85 Million Refinancing for InterVest Capital Partners at 300 Lafayette Street in SoHo

Waterstone Properties Acquires Windsor Square, a 657,000-SF Power Center in Matthews, NC

Invesco, DeA Capital RE and Banque des Territoires Acquire Two Paris Student Residences from Assembly and Eternam

Peachtree Group Finances Briad Group's First Multi-Brand Circle K Travel Center in Binghamton, N.Y.

Progressive Real Estate Partners Closes $2.95 Million Sale of Former Rite-Aid Building in Barstow to Barstow Community College