Property Type

Transwestern Negotiates 72,645 SF Office Lease at Michigan Plaza in Chicago

by Kristin Harlow March 9, 2026

CHICAGO — Transwestern has negotiated a 72,645-square-foot office lease at Michigan Plaza in Chicago. Mark Buth, Kathleen Bertrand and Steve Hennessy of Transwestern represented the landlord, Aegis Asset Management. Jeff Lindenmeyer, Chris O’Leary and Shannon Connerty Morris of Avison Young represented the tenant, the Illinois Housing Development Authority (IHDA). Transwestern also manages the nearly 2 million-square-foot complex. IHDA will occupy space in the 978,693-square-foot 225 N. Michigan Ave. building. The transaction marks the largest new lease in the East Loop submarket since the second quarter of 2023, according to Transwestern. Located on Michigan Avenue south of the Chicago River, Michigan Plaza offers amenities such as multiple tenant lounges, a fitness center and outdoor space. The second-floor lounge is connected to the East Plaza, an outdoor terrace with a bocce ball court and putting green. The third-floor lounge offers a kitchen and conferencing space.

March 9, 2026

Development Illinois Loans Midwest Multifamily

Associated Bank Provides $7.6M Construction Loan for Chicago Apartment Building

by Kristin Harlow March 9, 2026

CHICAGO — Associated Bank has provided a $7.6 million construction loan for a five-story, 40-unit apartment building located at 4725 N. Clifton Ave. in Chicago. CEDARst Cos. is developing the transit-oriented project, which is named Clifton Uptown. Located in the heart of the Uptown Square Historic District, the property will feature 12 studio units, 28 one-bedroom units and 1,839 square feet of ground-floor retail space. The site is adjacent to the CTA Red Line Lawrence Station that is in the final stages of a $2.1 billion Red and Purple Line modernization project. Daniel Barrins of Associated Bank managed the loan arrangements and closing.

March 9, 2026

Loans Multifamily New York Northeast

Joint Venture Receives $111M Loan for Refinancing of Queens Apartment Building

by Taylor Williams March 9, 2026

NEW YORK CITY — American Lions, which is a joint venture between locally based developers Fetner Properties and Lions Group, has received a $111 million bridge loan for the refinancing of The Bold, a 164-unit apartment building in Queens. Designed by SLCE Architects, the 28-story building is located at 2701 Jackson Ave. in the borough’s Long Island City area and includes 50 affordable housing residences. Units come in studio, one-, two- and three-bedroom floor plans. The amenity package consists of a coworking lounge, gym with a climbing wall, party room with a bar and kitchen, clubhouse lounge, media room and a golf simulator room. Christopher Peck, Nicco Lupo, Michael Shmuely, Alex Staikos and Adam Dietrich of JLL arranged the loan through PGIM Real Estate.

March 9, 2026

Industrial Loans New Jersey Northeast

JLL Arranges Acquisition Financing for 1 MSF Industrial Property in Millstone, New Jersey

by Taylor Williams March 9, 2026

MILLSTONE, N.J. — JLL has arranged an undisclosed amount of acquisition financing for a roughly 1 million-square-foot industrial property in Millstone, about 55 miles south of New York City. Millstone 8 Logistics Park was built in 2022 and features a cross-dock configuration, clear height of 40 feet, 170 loading doors and parking for 458 cars and 273 trailers. The facility was fully leased at the time of the loan closing to an undisclosed provider of third-party logistics services. Jim Cadranell, Jon Mikula, John Cumming and Caleb Henry of JLL arranged the loan through Northwestern Mutual on behalf of the buyer, institutional investment firm BGO.

March 9, 2026

Acquisitions Connecticut Industrial Northeast

O,R&L Commercial Negotiates $2.7M Sale of Industrial Building in Plainville, Connecticut

by Taylor Williams March 9, 2026

PLAINVILLE, CONN. — Locally based brokerage firm O,R&L Commercial has negotiated the $2.7 million sale of a 36,000-square-foot industrial building in Plainville, located southwest of Hartford. The building at 7 Johnson Ave. was fully leased at the time of sale to two tenants: M&S Building Systems and World Fulfillment. Jay Morris of O,R&L represented the seller in the transaction, and David Murdock of Sentry Commercial represented the buyer. Both parties were limited liability companies that requested anonymity.

March 9, 2026

Leasing Activity New York Northeast Office

RillaVoice Signs 57,350 SF Office Lease in Brooklyn’s Williamsburg District

by Taylor Williams March 9, 2026

NEW YORK CITY — RillaVoice Inc. has signed a 57,350-square-foot office lease in Brooklyn’s Williamsburg district. The AI-powered communications firm has committed to the entire eighth floor at 25 Kent, a 500,000-square-foot building, for a 10-year term. Cooper Weisman and Ryan Gessin of Newmark represented RillaVoice in the lease negotiations. Jordan Gosin, Will Grover and Drew Wiley, also with Newmark, along with internal agents Craig Panzirer and Alex Radmin, represented the landlord, Global Holdings.

March 9, 2026

Industrial Market Reports Southeast Southeast Market Reports Tennessee

Nashville’s Industrial Market: A Resilient Powerhouse in 2026

by John Nelson March 9, 2026

As Nashville closes out 2025, the industrial market has solidified its reputation as a resilient powerhouse in the Southeast. With record investment volumes exceeding $2.2 billion and vacancy rates remaining well below national averages, the Nashville MSA continues to attract distributors, manufacturers, and data center-related businesses. This robust performance reflects a recalibration from pandemic-era highs while maintaining durable demand, setting the stage for balanced growth in 2026. Trends shaping the market Several macroeconomic trends are influencing Nashville’s industrial landscape. Nearshoring/onshoring and supply chain diversification have heightened the city’s appeal as a logistical hub. It is important to note that Nashville is strategically located within a day’s drive of over half the U.S. population. Locally, job growth has outpaced the national average, with Oxford Economics reporting a 1.1 percent increase in 2025, bolstered by gains in manufacturing, logistics and retail. Notably, Moody’s Analytics highlights transportation equipment manufacturing as a key driver, as automakers increase domestic production to mitigate tariffs. Further enhancing Nashville’s logistical capabilities, the planned expansion of air freight capacity at Nashville International Airport in 2027 is poised to solidify the region’s role in cargo throughput, supported by a robust highway network and a growing labor force. Despite broader economic …

March 9, 2026

Industrial Loans Northeast Pennsylvania Top Stories

CBRE Arranges $156M Loan for Refinancing of Philadelphia Industrial Property

by Taylor Williams March 9, 2026

PHILADELPHIA — CBRE has arranged a $156 million loan for the refinancing of Bridge Point Philadelphia, an 889,300-square-foot industrial property. Canyon Partners Real Estate and J.P. Morgan provided the loan to the owner of the property, Chicago-based Bridge Industrial, which will use a portion of the proceeds to fund lease-up costs. Steve Roth led the CBRE team that originated the debt. Delivered in 2024, Bridge Point Philadelphia comprises two buildings, one of which features a rear-load configuration and the other of which features a cross-dock configuration. The development also offers “excess“ trailer parking, and multi-tenant divisibility. Third-party logistics firm Veho signed a 148,611-square-foot lease at the property shortly after it was completed. In addition, Bridge Point Philadelphia offers proximity to an array of major thoroughfares and logistics hubs, including interstates 76, 95 and 476, as well as the Port of Philadelphia and Philadelphia International Airport. “We were pleased to work closely with Canyon, whose efforts were instrumental in efficiently completing this financing,” said Roth, who holds the title of vice chairman at CBRE. “Their collaborative approach ensured a smooth execution and a successful outcome for all parties involved.”

March 9, 2026

Development Features Industrial Midwest Multifamily Northeast Office Retail Southeast Texas Webinar Western

Webinar: Flood Zones & FEMA Compliance — How Developers Avoid Delays, Cut Insurance Costs & Increase Property Value

by Sarah Daniels March 9, 2026

The March 2 France Media webinar “Flood Zones & FEMA Compliance — How Developers Avoid Delays, Cut Insurance Costs & Increase Property Value,” hosted by France Media and sponsored by National Flood Experts, examined how flood zones and evolving regulatory requirements are shaping development and financing outlooks. Flood risk is often treated as a late-stage compliance issue, but it can influence site design, permitting timelines, construction costs (and cost expectations) and long-term insurance expenses. Flood maps established by federal and local authorities define development constraints such as base flood elevations and floodways. Because these maps are updated slowly and regulations vary by municipality, developers frequently encounter unexpected complications during permitting, including the need for additional engineering studies, modeling requirements and extended approval timelines. The webinar panelists emphasized ways that developers can mitigate these risks by approaching flood zones strategically and incorporating flood analysis earlier in the development lifecycle. Early collaboration can identify opportunities to cut costs and avoid delays. Watch this brief webinar to learn about common problems caused by flood zones, changes in regulatory needs and practical pathways to help reduce or eliminate flood zone requirements (to increase the value of properties). Click here to download the slide presentation. …

March 9, 2026

Acquisitions California Industrial Western

CIRE Equity Acquires 307,883 SF Roscoe Woodley North LA Industrial Campus in Van Nuys, California

by Amy Works March 6, 2026

VAN NUYS, CALIF. — CIRE Equity has purchased Roscoe Woodley North LA Industrial Campus, a fully leased industrial property in Van Nuys. Terms of the transaction were not disclosed. Located at 8201-8221 Woodley Ave. and 16200 Roscoe Blvd., the campus offers 307,883 square feet of industrial space spread across two buildings and a 7.4-acre M2-zoned yard on 19 acres. The property features 16 dock-high doors, six ground-level doors and a clear height of 28 feet in the main warehouse, as well as abundant parking, modern power infrastructure and flexible industrial configurations. Michael Longo, Eric Cox and Bennett Robinson of CBRE represented the confidential seller in the transaction.

March 6, 2026

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