Commercial Real Estate News

An affiliate of Oberndorf Real Estate Management, in partnership with The Bascom Group, acquired the 117-unit Museum Park Apartments in downtown San Jose for $53.1 million. The partners plan a phased renovation of units and common areas, with Apartment Management Consultants managing the property.

Oct 22, 2026•The Bascom Group

An aerial view shows The Lucy rising at 619 Grove St. in Jersey City, documenting the 444-unit tower's construction progress ahead of its 2028 completion.

Development

SJP Properties, Claremont Development and Battery Global Advisors Top Out The Lucy, a 444-Unit Jersey City Tower

SJP Properties, Claremont Development and Battery Global Advisors announced that The Lucy, a 444-apartment residential tower at 619 Grove St. in Jersey City, has topped out. The project, which preserves portions of the former St. Lucy's Roman Catholic Church complex, is expected to be completed in 2028.

Oct 22, 2026•Multifamily

The Chrysler Building at 405 Lexington Avenue in Manhattan, the first investment in the new Bouwinvest and Tishman Speyer U.S. office account.

Joint VenturesOffice

Bouwinvest and Tishman Speyer Launch U.S. Office Account, With Chrysler Building as First Investment

Bouwinvest Real Estate Investors and Tishman Speyer have launched a separately managed account targeting institutional-quality office buildings in U.S. markets, with the Chrysler Building in Manhattan as its first investment. Tishman Speyer plans about $235 million of investment in the 1.3 million-square-foot tower's restoration and improvement program.

Oct 22, 2026•Bouwinvest Real Estate Investors

The newly completed interior of Rittiman Crossroads in San Antonio illustrates the 257,080-square-foot Class A industrial facility leased in full by TradeLane Properties to an electrical component manufacturing and distribution company.

LeasingIndustrial

TradeLane Properties Leases Entire 257,080-SF Rittiman Crossroads Industrial Building in San Antonio

TradeLane Properties, in partnership with Phelan Development Company, signed a long-term, full-building lease at Rittiman Crossroads in San Antonio. The 257,080-square-foot Class A industrial building, completed in 2026, is now fully occupied.

Oct 22, 2026•TradeLane Properties

Joint Ventures

Crusoe, Araico Partner on 106 MW AI Data Center Near Itaipú Dam in Paraguay

Crusoe and Paraguayan developer Araico announced a partnership to build an AI compute facility adjacent to the Itaipú substation, starting at 106 MW of IT capacity. The project, Crusoe's first dedicated AI Cloud deployment in Latin America, targets an initial deployment in mid-2027.

Oct 22, 2026•Crusoe

Financing

Broadshore Capital Partners Closes Two Senior Bridge Loans on Nashville, Denver Multifamily Assets

Broadshore Capital Partners, now the institutional investment and lending arm of Milhaus SRG, closed two floating-rate senior bridge loans in September 2026 on newly delivered multifamily communities in Nashville and Denver. CBRE served as broker on the Denver transaction, while Berkadia brokered the Nashville loan.

Oct 22, 2026•Milhaus

More News

The Asher at Sugarloaf, a garden-style multifamily community in Lawrenceville, Ga., acquired by Elmington Residential for $55 million with equity from American South Capital Partners.

FinancingMultifamilyAffordable+1

Elmington Acquires 260-Unit Asher at Sugarloaf in Lawrenceville with $18M from American South Capital Partners

Elmington Residential acquired The Asher at Sugarloaf, a 260-unit multifamily community in Lawrenceville, Georgia, for $55 million, with $18 million of equity from American South Capital Partners. Patterson Real Estate Advisory Group served as capital advisor to Elmington on the transaction.

Oct 22, 2026•Patterson Real Estate Advisory Group

Standard Communities executives and project partners break ground on Joyfield Towns at German School, the firm's $88 million affordable townhome development in South Richmond.

DevelopmentAffordable

Standard Communities Breaks Ground on $88 Million Joyfield Towns Affordable Townhome Project in South Richmond

Standard Communities broke ground on Joyfield Towns at German School, an $88 million development that will deliver 234 affordable three- and four-bedroom townhomes in South Richmond. The project is financed with Low-Income Housing Tax Credits, RRHA-issued bonds, and financing from Citibank and U.S. Bank, with support from the City of Richmond.

Oct 22, 2026•Standard Communities

A STRABAG office team works in a glass-enclosed workspace, illustrating the lead contractor’s role in delivering the €200 million Roma Tower project in Warsaw.

DevelopmentMultifamily

STRABAG, TKT Engineering Win €200 Million Contract to Build 170-Metre Roma Tower in Warsaw

A consortium led by STRABAG Sp. z o.o. with TKT Engineering sp. z o.o. has been appointed general contractor for Roma Tower, a 170-metre luxury residential tower in Warsaw. The contract is worth about €200 million (approximately PLN 840 million), with construction scheduled to take 50 months.

Oct 22, 2026•STRABAG SE

A rendering of the planned 22-story, 194-unit high-rise at 2201 3rd Avenue in East Harlem, the Class A multifamily project financed with an $80 million construction loan from Bravo Property Trust.

FinancingMultifamily

Bravo Property Trust Provides $80M Construction Loan for 194-Unit East Harlem High-Rise

Bravo Property Trust has financed an $80 million construction loan for a 194-unit Class A multifamily high-rise at 2201 3rd Avenue in East Harlem. The loan went to Glowstone Group for a 22-story mixed-use tower scheduled for completion in early 2028.

Oct 22, 2026•Bravo Capital

A rendering of Ingka Centres' proposed Livli Kungens Kurva expansion, showing the planned connection to the adjacent IKEA Kungens Kurva store as part of the more than SEK 5 billion mixed-use development.

DevelopmentMixed UseRetail

Ingka Centres Proposes Over SEK 5 Billion Mixed-Use Development in Kungens Kurva

Ingka Centres has applied to Huddinge Municipality to add about 65,000 square metres of gross floor area at Kungens Kurva, physically connecting Livli Kungens Kurva with the IKEA store. The projected total investment exceeds SEK 5 billion, subject to building rights and future investment decisions.

Oct 22, 2026•Ingka Centres

Architectural rendering of Arden Music Hall, Live Nation Entertainment’s planned 5,000-capacity venue at Arden Central in North Melbourne.

DevelopmentOther

Live Nation Entertainment Plans 5,000-Capacity Music Venue at Arden Central in Melbourne

Live Nation Entertainment, Inc. announced plans to deliver and operate a purpose-built, 5,000-capacity live music venue at Arden Central in North Melbourne. The venue will be part of Stage One of the $7 billion precinct being developed by Hamton and Hostplus.

Oct 22, 2026•Live Nation Entertainment, Inc.

An aerial view of a Cambridge Village community, part of the three-property, 636-unit North Carolina portfolio sold by BWE Investment Sales to affiliates of Starwood Capital Group.

Property TransactionsSenior Housing

BWE Investment Sales Arranges Sale of 636-Unit Cambridge Village Portfolio to Starwood Capital Group

BWE Investment Sales announced the sale of the Cambridge Village Portfolio, a three-property, 636-unit Class A independent living portfolio in North Carolina, to affiliates of Starwood Capital Group. Solera Senior Living will assume operations of the communities in Apex, Raleigh and Wilmington.

Oct 21, 2026•BWE

An architectural rendering of Great Portland Estates’ proposed Soho Square Estate redevelopment in London’s West End, showing landscaped terraces and rooftop amenity spaces planned for the new headquarters-led scheme.

DevelopmentMixed UseOffice+1

Great Portland Estates plc Commits to 90,000-Sq-Ft Soho Square Estate Redevelopment in London's West End

Great Portland Estates plc announced it has committed to redeveloping its Soho Square Estate in London's West End into approximately 90,000 sq ft of offices and retail. Demolition is expected to begin shortly, with completion targeted for summer 2030.

Oct 21, 2026•Great Portland Estates plc

A rendering of 350 Park Avenue in Manhattan, the 66-story office tower at the center of the Vornado Realty Trust, Ken Griffin affiliate and Rudin joint venture, anchor lease and $3.3 billion construction loan.

Joint VenturesOffice

Vornado Realty Trust, Rudin and Ken Griffin Affiliate Close 350 Park Avenue Joint Venture With $3.3 Billion Construction Loan

Vornado Realty Trust, Rudin and an affiliate of Ken Griffin closed their 350 Park Avenue joint venture, a 1.05 million-square-foot anchor lease with Citadel Enterprise Americas LLC and a $3.3 billion construction loan. Construction is underway on the 66-story, 1.9 million-square-foot Manhattan office tower.

Oct 21, 2026•Vornado Realty Trust