Property Type

JLL Brokers Sale of 552,550 SF Office Complex in Houston’s Galleria District

by Taylor Williams October 2, 2026

HOUSTON — JLL has brokered the sale of Park Towers, a 552,550-square-foot office complex in Houston’s Galleria district. Park Towers comprises two 18-story buildings that were built in 1972 and renovated between 2016 and 2022. Amenities include a fitness center, tenant lounge with a game room, conference facilities, executive boardroom and a full-service deli. Rick Goings, Kevin McConn and Jonathan Napper of JLL represented the seller, Regent Properties, in the transaction. Susan Hill, also with JLL, led the team that arranged acquisition financing for the deal through Morgan Stanley on behalf of the buyer, Interra Capital Group. Park Towers was 89.5 percent leased at the time of the loan closing to tenants such as tax firm Ryan and Huntington Bank. The new ownership has tapped Transwestern to lease the property.

October 2, 2026

Development Loans Multifamily Texas

Concord Summit Arranges $50M in Construction Financing for Fort Worth Multifamily Project

by Taylor Williams October 2, 2026

FORT WORTH, TEXAS — Concord Summit Capital, a South Florida-based intermediary, has arranged $50 million in construction financing for Vic Centre Apartments, a 268-unit multifamily project in Fort Worth. Vic Centre will be located on the city’s east side and will consist of nine three-story buildings that will house studio, one- and two-bedroom units. Specifics on the “premium” amenity package were not disclosed. David Larson and Keegan Burger of Concord Summit Capital arranged the financing, which includes both senior and mezzanine debt that was structured with an 80 percent loan-to-value ratio, on behalf of the sponsor, a partnership between Summa Terra Ventures and M13 Construction. The direct lender was not disclosed. Construction is underway and expected to be complete within 24 months.

October 2, 2026

Acquisitions Multifamily Texas

Partnership Acquires 322-Unit Apartment Community in Denton, Texas

by Taylor Williams October 2, 2026

DENTON, TEXAS — A partnership between Connecticut-based Spirit Investment Partners and Strategic Value Partners, which also operates out of Connecticut, has purchased Resia Rayzor Ranch, a 322-unit apartment community in the North Texas city of Denton. Built in 2024, Resia Rayzor Ranch consists of two buildings on a 3.1-acre site. Units come in one-, two- and three-bedroom floor plans and have an average size of 792 square feet. Amenities include a pool, fitness center, pickleball and basketball courts, outdoor grilling and dining stations, coworking space and package lockers. Miami-based Resia previously owned the property, which was acquired as part of a two-property portfolio deal that included a 573-unit community in Houston. Jamie Leachman and Carter Wroblewski of JLL arranged acquisition financing for the deal through Oaktree Capital Management.

October 2, 2026

Development Multifamily Texas

Cedarwood Cos. Breaks Ground on 272-Unit Multifamily Project in Celina, Texas

by Taylor Williams October 2, 2026

CELINA, TEXAS — Cedarwood Cos., an Ohio-based developer, has broken ground on Topaz at Light Farms Way, a 272-unit multifamily project in the North Texas city of Celina. The property will offer studio, one- and two-bedroom units, and amenities will include a pool, fitness center, dog park, playground, car care center and access to walking trails and green spaces. Cedarwood’s in-house general contracting team is handling construction of the project. The first residences are expected to be available for occupancy next summer.

October 2, 2026

Hospitality Loans Massachusetts Northeast

Driftwood Capital, MRC Fund Refinancing of Boston Residential Hotel

by Taylor Williams October 2, 2026

BOSTON — Miami-based Driftwood Capital and New York City-based Madison Realty Capital (MRC) have funded the refinancing of a 147-unit residential hotel in Boston’s Back Bay neighborhood. The amount(s) was not disclosed. The Raffles Boston Hotel & Residences opened in fall 2023 and offers a mix of residential-style guestrooms and suites. Guests have access to a wellness center with a pool, spa and fitness center, as well as three onsite restaurants and bars and butler service. The borrower is London-based investment firm Cain.

October 2, 2026

Development Industrial New York Northeast

Sterling Organization Nears Completion of 100,000 SF Industrial Project in The Bronx

by Taylor Williams October 2, 2026

NEW YORK CITY — West Palm Beach-based developer Sterling Organization is nearing completion of a 100,000-square-foot industrial project in the Hunts Point neighborhood od The Bronx. The facility at 307 Bruckner Blvd. comprises 46,000 square feet of covered fleet parking and storage space beneath a 46,000-square-foot warehouse that has a clear height of 36 feet, as well as an 8,200-square-foot mezzanine space. Additional features include four loading docks, two drive-in doors and future expansion capabilities. JLL is marketing the facility for lease.

October 2, 2026

Acquisitions Industrial New Jersey Northeast

JLL Brokers Sale of 81,000 SF Industrial Building in Rockaway, New Jersey

by Taylor Williams October 2, 2026

ROCKAWAY, N.J. — JLL has brokered the sale of an 81,000-square-foot industrial building in the Northern New Jersey community of Rockaway. The shallow-bay building at 385 Franklin Ave. features a clear height of 22 feet, 13 dock doors and an average suite size of 7,400 square feet. Nicholas Stefans, Jason Lundy and Luke Ceccoli of JLL represented the seller, LM Real Estate Partners, in the transaction. NorthBridge Partners acquired the facility for an undisclosed price.

October 2, 2026

Acquisitions Connecticut Multifamily Northeast

NEPCG Negotiates $6.1M Sale of Apartment Complex in New Haven, Connecticut

by Taylor Williams October 2, 2026

NEW HAVEN, CONN. — Regional brokerage firm Northeast Private Client Group (NEPCG) has negotiated the $6.1 million sale of Norton Pointe, a 61-unit apartment complex in New Haven. According to Apartments.com, the property was built in 1900 and offers one-, two- and three-bedroom units that range in size from 700 to 1,050 square feet. Brad Balletto and Derek Mahabir of NEPCG represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

October 2, 2026

Affordable Housing California Development Loans Multifamily Western

KeyBank Provides $92.9M in Financing for Affordable Housing Development in Los Angeles

by Amy Works October 2, 2026

LOS ANGELES — KeyBank Community Development Lending and Investment (CDLI) has provided $92.9 million in financing for Broadway & Imperial, a new affordable housing development in South Los Angeles. The financing package includes a $43.8 million construction loan and an $18.1 million federal Low-Income Housing Tax Credit (LIHTC) equity investment from KeyBank CDLI. Key Commercial Mortgage Group arranged a $31 million Fannie Mae permanent loan, and KeyBanc Capital Markets underwrote a $31 million public bond issuance as part of the financing structure. Developed by SoLa Impact, Broadway & Imperial will feature 164 affordable apartments and two manager units that will be housed within four- and five-story buildings. Residents will have access to a range of amenities, including a lobby, rooftop deck, community room and three landscaped courtyards. Supportive services will be provided onsite by LifeSTEPS and will include educational, financial literacy, health and wellness and counseling services. Additionally, residents will have access to programs offered by the SoLa Foundation, including opportunities available through the SoLa Tech & Entrepreneurship Center Powered by Riot Games. Matthew Haas and Eileen Tran of KeyBank CDLI, along with Shana Daby of Key Commercial Mortgage Group, arranged the financing. Alex Stekler of KeyBanc Capital Markets marketed …

October 2, 2026

Development Loans Multifamily Utah Western

JLL Arranges Equity Placement for 217-Unit Multifamily Development in Bluffdale, Utah

by Amy Works October 2, 2026

BLUFFDALE, UTAH — JLL Capital Markets has arranged an equity placement for a multifamily development at 15580 Plentiful Way in Bluffdale, located south of Salt Lake City. Chris Gandy, Kevin Barron and Ellie Savage of JLL Capital Markets’ Equity Advisory represented the developer, Six Ridge Partners, in the equity placement. Situated within the master-planned Independence at the Point community, the five-story, midrise building will feature 217 apartments in studio, one-, two- and three-bedroom layouts, with an average unit size of 792 square feet. Community amenities will include a pool, spa, clubhouse, fitness center, coworking lounge, theater, game room and a rooftop deck. The average monthly rent is projected at $1,558.

October 2, 2026

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