Monday, June 15, 2026
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Eastbound-Austin
OfficeTexas

Partnership Recapitalizes 233,550 SF Office Complex in East Austin

by Taylor Williams

AUSTIN, TEXAS — A partnership between developers Lincoln Property Co. and The KOR Group has recapitalized Eastbound, a two-building, 233,550-square-foot office complex in East Austin. Fenway Capital Advisors, which previously owned a minority interest in the property, is now the primary equity partner of the co-developers. Ownership is building out spec suites that can support users with requirements from 5,000 to 41,000 square feet. Construction of Eastbound began in 2020 and was completed in mid-2022. Tenants include landscape architecture firm TBG and Furniture Marketing Group.

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IndustrialLeasing ActivityLee & AssociatesTexas

AFSI Preleases 94,413 SF Industrial Building in Allen, Texas

by Taylor Williams

ALLEN, TEXAS — Amphenol Fiber Systems International (AFSI) has preleased a 94,413-square-foot industrial building in Allen, a northeastern suburb of Dallas. The manufacturer of harsh-environment fiber optic cables is taking space at 121 Technology Park, a development by Stillwater Capital, that will serve as its new headquarters. Mike Kay of Colliers represented the tenant in the lease negotiations. Ken Wesson of Lee & Associates represented the landlord. Occupancy is slated for October.

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LoansMixed-UseTexas

JLL Arranges Acquisition Financing for 43,811 SF Mixed-Use Property in South Austin

by Taylor Williams

AUSTIN, TEXAS — JLL has arranged an undisclosed amount of acquisition financing for South Bend Center, a 43,811-square-foot mixed-use property in South Austin. The three-building property was built in 1984 and supports retail, flex warehouse, restaurant and medical office uses. C.W. Sheehan and Peyton Ackerman of JLL arranged the debt on behalf of the borrower, Duncan Park Capital. The direct lender was an undisclosed regional bank.

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Leasing ActivityOfficeTexas

Cadence McShane Signs 16,242 SF Office Headquarters Lease in Plano

by Taylor Williams

PLANO, TEXAS — Cadence McShane Construction Co. has signed a 16,242-square-foot office headquarters lease at One Legacy Circle, a 214,110-square-foot building in Plano. Garrison Efird and Steven Blankenship of Newmark represented the tenant in the lease negotiations. Jared Laake of Bradford Commercial Real Estate Services represented the landlord, an affiliate of Gildenson Real Estate. Occupancy is slated for early 2025.

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Lorimer-House-Brooklyn
LoansMultifamilyNew YorkNortheast

JLL Arranges $173M Loan for Refinancing of Brooklyn Apartment Community

by Taylor Williams

NEW YORK CITY — JLL has arranged a $173 million bridge loan for the refinancing of Lorimer House, a 270-unit apartment community located in the South Williamsburg area of Brooklyn. Designed by ODA Architecture, the eight-story, newly constructed building offers studio, one- and two-bedroom units, with private outdoor spaces available in select residences. Amenities include indoor and outdoor lounges, a fitness center, pet spa, party room, work-study lounge and a rooftop deck. Aaron Niedermayer and Ethan Stanton of JLL arranged the loan through TPG Real Estate Credit on behalf of the borrower, a joint venture between The Loketch Group, The Joyland Group and Meral Property Group.

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125-W.-57th-St.
DevelopmentNew YorkNortheastOfficeRetail

Partnership Begins Leasing 260,000 SF Office, Retail Project in Midtown Manhattan

by Taylor Williams

NEW YORK CITY — A partnership between developers Alchemy-ABR Investment Partners and Cain International has begun leasing a 260,000-square-foot speculative office and retail project located at 125 W. 57th St. in Midtown Manhattan. Designed by FXCollaborative, the 30-story building houses 180,000 square feet of office space starting on the 14th floor, with an average of 10,300 square feet of rentable space per floor. Most suites will have access to private terraces. Gensler designed the office amenity deck, which includes a conference center, tenant lounge, event space with catering facilities and private meeting rooms. Office tenant build-outs are scheduled to begin this fall, and the development team expects move-ins to begin during the first quarter of 2025. JLL is the leasing agent.

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Affordable HousingDevelopmentMultifamilyNortheastPennsylvania

Tryko Partners Completes 46-Unit Affordable Housing Project in Pittsburgh

by Taylor Williams

PITTSBURGH — New Jersey-based Tryko Partners has completed Cedarwood Homes, an age-restricted affordable housing project located at the site of the former Fairywood School in Pittsburgh. The majority (39) of the property’s 46 one-bedroom units are reserved for renters earning 60 percent or less of the area median income. Merchants Capital provided $11 million in financing for Cedarwood Homes, and The Pennsylvania Housing Finance Agency awarded 9 percent Low-Income Housing Tax Credits to the developer to fund the project. Construction began last summer, and leasing commenced in February.

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DelawareIndustrialLeasing ActivityNortheast

AirJoule Signs 30,000 SF Industrial Lease in Newark, Delaware

by Taylor Williams

NEWARK, DEL. — AirJoule, which provides atmospheric water harvesting services, has signed a 30,000-square-foot industrial lease in Newark, Del. The space can support both manufacturing and office operations, and AirJoule is also leasing 500 square feet at The Innovation Space in Wilmington’s DuPont Experimental Station for research and development activities. The company expects to invest about $15 million in its Newark operation and hire about 60 people over the next several years.

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AcquisitionsMultifamilyNew YorkNortheast

Stav Equities Negotiates $2.4M Sale of Brooklyn Apartment Building

by Taylor Williams

NEW YORK CITY — Locally based brokerage firm Stav Equities has negotiated the $2.4 million sale of a three-unit apartment building located at 14 Third St. in the Carroll Gardens area of Brooklyn. The buyer intends to convert the units, which were vacant at the time of sale, into condominiums. Jacob Stavsky of Stav Equities represented the buyer and seller, both of which requested anonymity, in the off-market transaction.

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DevelopmentHospitalityLeasing ActivityMixed-UseNorth CarolinaOfficeSoutheast

Fenton Developers to Add New Tribute Hotel, Sign Office Tenants at 92-Acre Mixed-Use Campus in Metro Raleigh

by John Nelson

CARY, N.C. — The development team behind the 92-acre Fenton mixed-use development in Cary, which includes Hines, Columbia Development and Affinius Capital, has announced a new 186-room hotel coming to the development. The master developers are bringing on Mainsail Lodging & Development and Ross Hotel Partners to co-develop the seven-story hotel, with Mainsail also signed on to operate the property upon completion. The developers will break ground in first-quarter 2025 and open the hotel in first-quarter 2027. Designed by BRPH, the hotel will be a member of the Tribute Portfolio Hotels by Marriott International family of brands and will feature a second-floor signature restaurant and bar; a lobby bar and coffee shop; 6,000 square feet of event space spanning six meeting rooms; a ballroom to accommodate groups up to 300 people; and a 1,500-square-foot culinary studio for cooking demonstrations and ticketed experiences. Other amenities will include a fitness center and an outdoor heated pool with an expanded sundeck. Additionally, the master developers have signed office leases with two new tenants. The deals include a nearly 17,000-square-foot lease with Burns & McDonnell, an engineering, construction and architecture firm, and an approximately 4,400-square-foot lease with Surety Systems, an enterprise resource planning, human …

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