Tuesday, August 4, 2026
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FloridaOfficeRetailSoutheast

East End Capital, GreenOak Acquire Office, Retail Building in Miami Beach for $38M

by Camren Skelton

MIAMI BEACH, FLA. — East End Capital and GreenOak Real Estate have acquired 555 Washington Avenue, an office and retail building in Miami Beach. EOSII at 555 Washington LLC, an affiliate of KBS Realty Advisors, sold the asset for $38 million, according to local media reports. Christian Lee and Jose Lobon of CBRE brokered the transaction. Designed by Miami-based architecture firm Arquitectonica, 555 Washington Avenue includes 44,000 square feet of Class A office space, 22,000 square feet of ground-level retail and an attached parking garage with 243 spaces. The office portion of the property was 85 percent leased at the time of sale to tenants such as Warner Music Group, Alacran Records and SKCP Fund Management. The retail portion houses tenants including CVS/pharmacy and Wells Fargo. Steven Hurwitz of CREC is handling the property’s office leasing, while Zach Winkler of JLL is overseeing the leasing of the building’s retail portion.

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OfficeTexas

NAI Partners Negotiates 18,463 SF Office Lease in Houston

by Taylor Williams

HOUSTON — NAI Partners has negotiated an 18,463-square-foot office lease at 515 Post Oak Blvd. in Houston. Dan Boyles and Liz Westcott-Brown of NAI Partners represented the tenant, Greater Houston Community Foundation, a networking firm for philanthropists, in the lease negotiations. Richard Barbles of Stream Realty represented the landlord, 515 Post Oak Owner LP.  

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ColoradoOfficeWestern

Cress Capital, Revesco Properties Buy 120,873 SF Office Building in Colorado

by Nellie Day

GREENWOOD VILLAGE, COLO. — A joint venture between Cress Capital and Revesco Properties has purchased a Orchard Pointe, a 120,873-square-foot office building in Greenwood Village, for an undisclosed sum. The building is situated within the Denver Technology Center. Orchard Pointe was originally built in the 1980s. The JV plans to implement improvements, including cosmetic enhancements to the lobby, elevators and corridors, as well as improvements to building amenities. The seller is TA Realty. Revesco will provide property management services through its subsidiary, Revesco Property Services.

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IllinoisMidwestOffice

NKF to Complete Lease-Up of 438,184 SF Office Tower in Chicago

by Kristin Harlow

CHICAGO — Newmark Knight Frank has been tasked with completing the lease-up of 625 West Adams, a new 438,184-square-foot speculative office building in Chicago’s West Loop. A joint venture between White Oak Realty Partners, Vanderbilt Partners, CA Office and USAA Real Estate Co. owns the property, which is slated to open in April. Amenities include a fitness center, 1,000-person auditorium, tenant lounge, conference center and 400-car parking garage. Jon Cordell, Bill Rolander and Jason Houze of NKF will lead the brokerage team. Martin Wolf of Solomon Cordwell Buenz & Associates designed the property. Power Construction was the general contractor.

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Northgate District Tech Park, Idaho
HealthcareIdahoMixed-UseMultifamilyOfficeRetailTop StoriesWestern

Millennial Development Partners Announces Plans for Master-Planned Community in Idaho

by Katie Sloan

POCATELLO, IDAHO — Millennial Development Partners has announced plans for Northgate District, a master planned community located in Pocatello, a city in southeastern Idaho. At completion, the development will feature 10,000 residential units; a 1 million-square-foot office/technology park that will support 6,000 jobs; a medical campus; and a shopping district. The residential portion of the community will include single-family homes, condominiums and apartments. Phase I of the project is set to include a retail center, the beginning stages of an Office IT Park and between 500 and 1,000 residential units. Groundbreaking on a new interchange and Phase I of the development is scheduled for later this year. Millennial has selected Coldwell Banker Commercial Advisors to lead commercial sales and leasing efforts for the development. The company has also partnered with Geomancer, a real estate investment startup that blends market analytics, GIS mapping services and data visualization via a software platform. Salt Lake City-based Millennial Development Partners specializes in multifamily, office, industrial, retail and master planned developments. The company has completed 100 real estate projects. — Katie Sloan

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LoansMassachusettsNortheastOfficeRetail

Avison Young Arranges $47M in Financing for Two Historic Buildings in Boston

by Amy Works

BOSTON — Avison Young Capital Markets has arranged a $47 million bridge loan for the gut renovation and repositioning of the Custom House Block and John Hancock Counting House located at 62-70 Long Wharf and 58-60 Long Wharf, respectively, in Boston. David Krasnoff and Michael Buckley of Avison Young secured the financing for the borrower, Capital Properties. The borrower plans to fully rehabilitate the properties, including converting the Custom House Block building into a modernized office space. The John Hancock Counting House is occupied by the Chart House restaurant.

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New YorkNortheastOffice

Middletown Medical Group Leases 8,413 SF of Medical Office Space in Monticello, New York

by Amy Works

MONTICELLO, N.Y. — Middletown Medical Group has signed a lease for 8,413 square feet of medical office space at Thompson Square Shopping Center in Monticello. The combined three-tenant space will be the medical group’s new location. The new location will allow Middletown Medical to consolidate two existing Monticello physician offices. The new facility will offer 20 exam rooms, an X-ray unit, a CAT scan machine and urgent care services. With the addition of Middletown Medical Group, the 242,000-square-foot shopping center will be 95 percent leased. Additional tenants include Catskill Hudson Bank, Brother Bruno’s and GameStop. A joint venture between Heidenberg Properties Group, Strategic Real Estate Partners and Norse Realty Group owns the property.

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OfficeTexas

AQUILA Breaks Ground on 115,000 SF Office Project in Austin for Marketing Firm’s Headquarters

by Taylor Williams

AUSTIN, TEXAS — AQUILA Commercial has broken ground on East6, a 115,000-square-foot office project for marketing firm Main Street Hub in Austin. Designed by The Beck Group, the four-story property will be located at 2010 E. 6th St. and will serve as Main Street’s new headquarters. Delivery of the property is slated for spring 2019. The tenant plans to consolidate 550 employees from its existing offices into the building.  

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OfficeTexas

NAI Investment Fund Sells 75,166 SF Office Property in Southeast Houston

by Taylor Williams

HOUSTON — The NAI Investment Fund has sold a 75,166-square-foot, Class B office building located at 12600 N. Featherwood Drive in southeast Houston. The property was the first asset purchased by NAI Investment Fund I, which was launched in 2015. Andrew Pappas and Adam Hawkins of NAI worked with Marty Hogan of HFF to close the sale, the buyer in which was not disclosed. NAI plans to fully deploy another fund this year with more than $80 million in capital.

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LoansNew YorkNortheastOfficeTop Stories

NKF Arranges $81M Loan for Acquisition, Redevelopment of Warehouse in Queens

by Taylor Williams

NEW YORK CITY — NKF Capital Markets has arranged an $81 million loan for the acquisition and redevelopment of 25-11 49th Avenue, a 135,000-square-foot warehouse located in the Long Island City area of Queens. The borrower is a partnership between New Jersey-based development and management firm Normandy Real Estate Partners and two New York-based investment firms, Keystone Equities and Drake Street Partners. Dustin Stolly and Jordan Roeschlaub of NKF Capital Markets secured the loan through Deutsche Bank. The redevelopment calls for a full repositioning of the two-story, loft-style warehouse, which will be converted into an 11-story office building totaling 238,000 square feet. Nine stories will be built atop the existing structure, which is located within the area’s factory district. “This property is ideally located near main transportation hubs, which represent part of the growing appeal of this neighborhood,” says Stolly. “This is an excellent opportunity for tenants that will allow them to recruit and retail quality talent.” The financing will also be used to implement a capital improvement plan, which will target the office entrances, lobby and common areas and outdoor roof deck. New elevators and HVAC systems, as well as new security and electronics system, are also included in …

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