Property Type

Dwight Capital Provides $56M HUD-Insured Construction Loan for Metro Dallas Multifamily Project

by Taylor Williams April 10, 2026

GARLAND, TEXAS — New York City-based Dwight Capital has provided a $56 million HUD-insured construction loan for StoneHawk Rosehill, a 269-unit multifamily project in the northeastern Dallas suburb of Garland. The site spans more than seven acres, and the development will offer one- and two-bedroom units, 51 percent of which will be subject to income restrictions. Amenities will include a pool, clubhouse with fitness and business centers, an onsite leasing and management office and outdoor recreation areas, including a landscaped courtyard. Brandon Baksh and Brian Yee of Dwight originated the financing through HUD’s 221 (d)(4) program on behalf of the locally based sponsor, StoneHawk Capital Partners.

April 10, 2026

Development Industrial Texas

Sansone Group, Principal Break Ground on 682,000 SF Industrial Project in South Austin

by Taylor Williams April 10, 2026

AUSTIN, TEXAS — A partnership between St. Louis-based developer Sansone Group and Principal Asset Management has broken ground on a 682,000-square-foot industrial project in Austin. The site is located 10 miles south of downtown Austin near the Tesla Gigafactory, and the project represents Phase II of a 134-acre development known as Austin Hills Commerce Center. Burton Construction is the general contractor for the Phase II, which will consist of a single building, and Stream Realty Partners has been appointed as the leasing agent. Phase I of Austin Hills Commerce Center comprised three buildings totaling 538,000 square feet. The development is ultimately planned to feature 1.3 million square feet across six buildings.

April 10, 2026

Acquisitions Industrial Texas

Bradford Negotiates Sale of 40,670 SF Industrial Building in Grand Prairie, Texas

by Taylor Williams April 10, 2026

GRAND PRAIRIE, TEXAS — Bradford Commercial Real Estate Services has negotiated the sale of a 40,670-square-foot industrial building in Grand Prairie, located roughly midway between Dallas and Fort Worth. Situated on a 3.4-acre site at 1207 Farmers Road, the building was developed on a speculative basis in 2023 and features 16 dock doors, 24-foot clear heights and 100-foot truck court depths. Erik Blais of Bradford represented the the developer, Hamilton Commercial, in the all-cash transaction. The buyer was Dossun Truck Body Parts.

April 10, 2026

Leasing Activity Office Texas

BNY Mellon Signs 26,849 SF Office Lease in Downtown Houston

by Taylor Williams April 10, 2026

HOUSTON — BNY Mellon has signed a 26,849-square-foot office lease in downtown Houston. The bank is taking space at 811 Main, a 974,884-square-foot office building. Eric Anderson and John Heard of Transwestern represented the landlord, Atlanta-based Invesco Real Estate, in the lease negotiations. David Bale and Cody Little of JLL represented the tenant.

April 10, 2026

Acquisitions Multifamily New Jersey Northeast

CBRE Negotiates $47.8M Sale of Waverton Apartments in Secaucus, New Jersey

by Taylor Williams April 10, 2026

SECAUCUS, N.J. — CBRE has negotiated the $47.8 million sale of The Waverton, a 116-unit apartment complex in Secaucus, located across the Hudson River from New Jersey. Completed in 2022, The Waverton offers studio, one- and two-bedroom units, with roughly 20 percent of residences designated as affordable housing. Amenities include a fitness center with a private yoga studio, an outdoor lounge with grilling stations, sundeck, resident lounge with billiards and shuffleboard and a coworking and conference room. Jeffrey Dunne, Stuart MacKenzie, Eric Apfel and Travis Langer of CBRE represented the seller, a joint venture that included Canoe Brook Development as a minority partner, in the transaction. The buyer was not disclosed.

April 10, 2026

Development Massachusetts Multifamily Northeast

Greystar, Haseko Break Ground on 189-Unit Multifamily Project in Needham, Massachusetts

by Taylor Williams April 10, 2026

NEEDHAM, MASS. — A partnership between South Carolina-based owner-operator Greystar and the U.S. subsidiary of Japanese developer Haseko has broken ground on a 189-unit multifamily project in Needham, a southwestern suburb of Boston. The site at 100 West St. formerly housed an assisted living facility that has since been demolished, and the new apartment building will offer studio, one-, two- and three-bedroom units. Amenities will include a fitness center, library, lounge, package room with cold storage capabilities, a golf simulator, dog run, playground, community garden and two pocket parks. Completion is slated for fall 2027.

April 10, 2026

Acquisitions Mixed-Use New Jersey Northeast

Cushman & Wakefield Brokers $4.5M Sale of Mixed-Use Development Site in Randolph, New Jersey

by Taylor Williams April 10, 2026

RANDOLPH, N.J. — Cushman & Wakefield has brokered the $4.5 million sale of a mixed-use development site in the Northern New Jersey community of Randolph. The site at 1192 Sussex Turnpike is approved for 25 townhomes, as well as a mixed-use building that will feature 4,055 square feet of retail space on the ground floor and 10 apartments on the second and third floors. Andrew Schwartz, Jordan Sobel, Andre Balthazard and Dan Bottiglieri of Cushman & Wakefield represented the seller, an entity doing business as Ludiro Inc., in the transaction and procured the buyer, OES Properties.

April 10, 2026

Leasing Activity New York Northeast Office

Perplexity Signs Office Lease Expansion in Manhattan’s Union Square

by Taylor Williams April 10, 2026

NEW YORK CITY — Perplexity has signed an office lease expansion in Manhattan’s Union Square area. The AI platform now occupies 22,000 square feet across two full floors within the adjoining buildings at 841-853 Broadway. Andrew Wiener, Robert Fisher and Henry Korzec represented the landlord, The Feil Organization, in the lease negotiations on an internal basis. Marcella LaHara, Derek Feinman and Adam Spector of Newmark represented Perplexity.

April 10, 2026

Illinois Industrial Leasing Activity Midwest

Hyundai Translead Signs 1.4 MSF Industrial Lease in Joliet, Illinois

by Kristin Harlow April 10, 2026

JOLIET, ILL. — Hyundai Translead, a subsidiary of Hyundai Motor Co., has signed a 1.4 million-square-foot lease in Joliet. Industrial Realty Group LLC (IRG) owns the property, which was formerly Caterpillar’s main plant. In addition to the Joliet facility, Hyundai Translead will also move into a second Will County location at the former Lion Electric site. The two expansions will collectively create approximately 2,500 new full-time jobs and represent $450 million of investment. Onno Steger represented IRG on an internal basis. Jerry Sullivan and Ed Wabick of DarwinPW Realty/CORFAC International represented the landlord, while Shamus Conneely of John Greene Commercial represented the tenant.

April 10, 2026

California Development Loans Multifamily Western

Affinius Capital Receives $144M Construction Loan for The Carina Multifamily Project in Santa Ana, California

by Amy Works April 10, 2026

SANTA ANA, CALIF. — Affinius Capital has received $144 million in construction financing for The Carina, an apartment development in Santa Ana. Jamie Kline, Charlie Vorsheck, Nick Englhard and Charlie Paul of JLL Capital Markets secured the three-year, floating-rate loan through QuadReal for the borrower. Located at 2828 N. Main St., The Carina will feature 408 apartments upon completion in October 2028. Construction began in April, with first units scheduled for delivery in May 2028. The nine-story property will offer a mix of studio, one- and two-bedroom apartments with stainless steel appliances, in-unit washers/dryers, quartz countertops, wood plank-style flooring and private balconies. Community amenities will include a resort-style swimming pool on an open-air, fourth-floor deck, an outdoor lounge and kitchen, fitness center, yoga and spin studio, resident game room, individual study rooms and offices, a dog run and wash, and onsite security. Lowe is managing development of the project. Greystar will provide property management for the community.

April 10, 2026

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