NEW PROVIDENCE, N.J. — JLL has arranged a loan of an undisclosed amount for the refinancing of a 48,312-square-foot medical office building in New Providence, about 25 miles west of New York City. Murray Hill Medical Office Building was 95 percent leased at the time of the loan closing, with Atlantic Health Group and New Providence Dentistry serving as the anchor tenants. Ryan Carroll and Matthew McManus of JLL arranged the loan through an undisclosed life insurance company on behalf of the owner, MEARJ Properties.
NEW YORK CITY — Stout NYC will open a 13,900-square-foot restaurant in Manhattan’s NoMad district. Dos Caminos formerly occupied the multi-level space at 373 Park Avenue S. Henry Rossignol of CBRE represented the tenant in the lease negotiations. Ariel Schuster, Michael Paster and Jenna Kestan of Newmark, along with internal agents Steven Marvin and Jonathan Bock, represented the landlord, a joint venture between Olmstead Properties and Vertex Properties.
SHREVEPORT, LA. — Amazon has unveiled plans to invest an estimated $6 billion in northwest Louisiana for the development of a new data center. The data center, which will be located at Resilient Technology Park in Shreveport, is expected to create 210 direct jobs and 499 indirect jobs. This expansion marks the third data center planned in the state, bringing Amazon’s data center investment in Louisiana to $18 billion. The announcement comes less than six months after its initial $12 billion investment in February. Amazon will continue to partner with STACK Infrastructure, the developer and owner of the three planned campuses, to lead the construction and development of the data center facilities. The data centers in Louisiana are expected to rely on air cooling for most of the year, using water for cooling only when temperatures exceed approximately 85 degrees Fahrenheit —which is anticipated to occur less than 13 percent of the year in the region. Amazon also plans to invest up to $400 million in public water infrastructure to support all three campuses and has coordinated with local utilities to ensure sufficient capacity for both its facilities and existing customers. The company says it will fund all water and wastewater …
BATON ROUGE AND NATCHITOCHES, LA. — Marcus & Millichap has arranged the sale of two multifamily properties totaling 462 units in Louisiana: Magnolia Trace in Baton Rouge and The Melrose in Natchitoches. John Hamilton and Jessica Thompson of Marcus & Millichap marketed the properties on behalf of the undisclosed sellers. Further details of the transaction were also not disclosed. Situated near Louisiana State University (LSU), Magnolia Trace spans 36 residential buildings and features 246 apartments in one-, two- and three-bedroom floorplans. Built in 1975 and renovated in 2025, recent improvements at the property include full roof replacements, façade rehabilitation and interior/exterior infrastructure upgrades. The property includes a swimming pool, leasing office and laundry center. Located adjacent to Northwestern State University’s campus, The Melrose was built in 1973 and comprises 216 apartments that range in layouts from one- to three-bedrooms. Amenities include a swimming pool, fitness center, laundry facilities and walking/biking trails. Recent improvements at the complex include a full roof replacement, HVAC replacements, pool upgrades and new flooring.
ST. PETERSBURG, FLA. — Foundry Commercial has negotiated the sale of Castille at Carillon, a two-building office complex located at 400 and 450 Carillon Parkway in St. Petersburg, a suburb of Tampa. Joe Chick, Christine Mansour and Chris DeMartino of Foundry Commercial represented the seller, a joint venture between Feldman Equities and Tower Realty Partners, in the transaction. ESN Group LLC acquired the property for an undisclosed price. Situated within the Carillon Park mixed-use business park, Castille at Carillon spans 104,897 square feet and was 93 percent leased at the time of sale to 21 tenants. The property features an average tenant suite size of roughly 4,100 square feet and a two-level parking garage with more than 400 spaces. Previous ownership invested more than $1.8 million in capital improvements since 2020, including renovations to the lobbies, restrooms and common areas, HVAC upgrades and parking garage improvements.
NORTH MIAMI, FLA — Integra Investments, in partnership with the City of North Miami Community Redevelopment Agency (CRA), has begun preleasing for Lakeview at Nomi, a 342-unit mixed-income apartment complex located in North Miami. Move-ins are expected to begin in November. The seven-story building features 34 units reserved for residents earning 60, 70 and 80 percent the of the area median income (AMI), and the remaining units will be reserved for residents earning up to 120 percent of the AMI. Lakeview at Nomi features one-, two- and three-bedroom floorplans, as well as select floorplans with dens and four live-work residences. Apartments range in size from 605 to 1,245 square feet, while live-work units span approximately 1,280 to 1,915 square feet. Amenities at the complex will include a resort-style swimming pool and pool deck with a summer kitchen; fitness center; dedicated coworking space; central courtyard; clubhouse that features a lounge and coffee bar; playground; enclosed dog park; and a 528-foot linear park. The project team for Lakeview at Nomi includes Anillo Toledo Lopez Architecture (architect); Integra Build, Integra Investments’ in-house construction arm (general contractor); ID & Design International (interior designer); Valentina Interior Design (art curation); and EGS2 (landscape architect). In addition, TRG Management will lead leasing and property …
HILLSBORO, ORE. — Genentech, a member of Swiss pharmaceutical company Roche Group, plans to invest $750 million in a new manufacturing facility at its 75-acre campus in Hillsboro. The development will bring new end-to-end device filling capabilities to the site and expand Genentech’s capacity to support its future pipeline of innovative medicines. The new facility will support the manufacturing of advanced drug delivery devices, such as pre-filled syringes and auto injectors. Designed for flexibility, the facility will be capable of both high- and low-volume device filling across a broad range of Genentech’s portfolio, enabling the site to respond to changing manufacturing needs as the company’s portfolio evolves. Established in 2006, the Hillsboro campus is a hub for Genentech’s U.S. manufacturing network, supporting production across a broad range of therapeutic areas, including oncology, immunology and neurology. Roche and Genentech’s current U.S. footprint includes 13 manufacturing sites, 15 research and development sites and approximately 25,000 employees across 24 locations in eight states.
SAN DIMAS, CALIF. — SRS Real Estate Partners has negotiated the $41 million sale of San Dimas Commerce Center, a 19-building light industrial park at 410-490 W. Arrow Highway in San Dimas, located in the San Gabriel Valley area of Los Angeles County. An undisclosed institutional investor acquired the asset from an entity doing business as San Dimas BP LLC. Dave Faris and Richard Schwartz of SRS Real Estate Partners represented the seller in the deal. Situated on 10.5 acres, the 179,345-square-foot San Dimas Commerce Center was 90 percent occupied by more than 70 local and regional businesses at the time of sale. Most of the individually parceled buildings span less than 10,000 square feet.
COLORADO SPRINGS, COLO. — Gantry has secured a $24.4 million permanent loan as construction takeout financing for The Edison at Chapel Hills, a multifamily property in Colorado Springs’ Briargate neighborhood. Joe Monteleone and Bonnie Monteleone of Gantry represented the borrower, a private real estate investor. The 10-year, non-recourse, fixed-rate loan was secured from Freddie Mac and includes partial term interest only then 35-year amortization. Situated on 7 acres at 970 Menlo Park Point, The Edison at Chapel Hills, features three four-story buildings offering a total of 171 studio, one-, two- and three-bedroom floor plans. In-home amenities include high ceilings, modern kitchens, premium vinyl plank flooring and washers/dryers. Community amenities include a heated pool, 24-hour fitness center, golf simulator, pet spa, dog park, EV charging and garage parking.
LOS ANGELES — Marcus & Millichap has arranged the $5.3 million sale of an apartment building located at 1476 S. Shenandoah St. on the west side of Los Angeles. The sales price equates to $334,937 per unit. Sam Liberow of Marcus & Millichap represented the seller, a company operating as 1476 Shenandoah Street LLC, in the transaction and procured the buyer, a local owner-operator. Built in 1966, the 17,653-square-foot, 16-unit property features two- and three-bedroom units across a mix of floor plans.