Wednesday, June 17, 2026
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880-Atlantic-Ave.-Brooklyn
LoansMultifamilyNew YorkNortheastWalker & Dunlop

Walker & Dunlop Arranges $110M Construction Loan for Brooklyn Multifamily Project

by Taylor Williams

NEW YORK CITY — Walker & Dunlop has arranged a $110 million construction loan for a 246-unit multifamily project that will be located at 880 Atlantic Ave. in the Prospect Heights area of Brooklyn. The building will house studio, one- and two-bedroom units as well as 13,000 square feet of commercial space. Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Jordan Casella and William Herring of Walker & Dunlop arranged the loan on behalf of the developer, EMP Capital Group. QuadReal Property Group provided the financing.

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DevelopmentMassachusettsMultifamilyNortheast

Davis Cos. Begins Leasing 150-Unit Apartment Building in Boston

by Taylor Williams

BOSTON — Locally based development and investment firm The Davis Cos. has begun leasing Hew at 1515, a 150-unit apartment building in Boston’s Brighton neighborhood. Designed by RODE Architects, the seven-story building is part of a larger complex at 1515 Commonwealth Ave. that includes a 102-unit condo building. Units come in studio, one-, two- and three-bedroom floor plans. Amenities include a clubroom with a catering kitchen, fitness center, rooftop terrace and bar, coworking spaces, a multi-sport simulator and a pet spa. The first move-ins will begin this summer. Rents start at $2,770 per month for a studio apartment.

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IllinoisIndustrialLeasing ActivityMidwest

Cushman & Wakefield Negotiates 1.6 MSF Industrial Lease in University Park, Illinois

by Kristin Harlow

UNIVERSITY PARK, ILL. — Cushman & Wakefield has negotiated a full-building industrial lease totaling 1.6 million square feet at 701 Central Ave. in the Chicago suburb of University Park. The transaction marks the largest warehouse lease in the Chicago market in 2024, according to the brokerage firm. Sean Henrick and Ryan Klink of Cushman & Wakefield represented the landlord, W. P. Carey. Jason West, Lou D’Avanzo and Adam Cooke of Cushman & Wakefield represented the tenant, a global tech and logistics company. W. P. Carey made several capital improvements to the property. The tenant is consolidating its footprint into a single facility.

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AcquisitionsMultifamilyNew JerseyNortheast

Berkadia Brokers Sale of 35-Unit Apartment Building in Clinton, New Jersey

by Taylor Williams

CLINTON, N.J. — Berkadia has brokered the sale of Halstead Place Apartments, a 35-unit apartment building in Clinton, about 55 miles west of New York City. Built in 2018, the property offers one-, two- and three-bedroom units with an average size of about 1,100 square feet, with 20 percent of the residences reserved as affordable housing. Amenities include a fitness center, storage lockers and outdoor grilling stations. The buyer was Acquivest Financial Group, and the seller was undisclosed. Nat Gambuzza, Zachary Pierce, Matthew Stefanski, Trevor Fiebel and Maura Spellman of Berkadia represented both parties in the transaction.

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Leasing ActivityMassachusettsNortheastRetail

Simon Welcomes Five New Tenants to Outlet Mall in Wrentham, Massachusetts

by Taylor Williams

WRENTHAM, MASS. — Simon Property Group has welcomed five new tenants to Wrentham Village Premium Outlets on the southwestern outskirts of Boston. Pottery Barn opened earlier this month at the property, which is also home to sister brand West Elm Outlet. Apparel retailers OFFLINE by Aerie, Hollister Co. and Gilly Hicks have also signed leases at the development. OFFLINE by Aerie will open this summer, and Hollister Co. and Gilly Hicks are scheduled to open this fall. Additionally, Shake Shack will debut a new restaurant before the end of the year.

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IndustrialLoansMidwestOhio

3650 REIT, JPMorgan Provide $62M Loan for Refinancing of Columbus Business Park in Ohio

by Kristin Harlow

COLUMBUS, OHIO — 3650 REIT and JPMorgan Chase & Co. have provided a $62 million loan for the refinancing of Columbus Business Park, a 2.2 million-square-foot industrial development located at 4545 Fisher Road in Columbus. The borrowers are Industrial Commercial Properties LLC and Industrial Realty Group. Columbus Business Park features 225 dock doors, seven drive-in doors and clear heights ranging from 25 to 35 feet. The loan term was five years.

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IndustrialLeasing ActivityNew YorkNortheast

CAMCO Commercial Negotiates 17,022 SF Industrial Lease on Long Island

by Taylor Williams

HOLBROOK, N.Y. — Locally based brokerage firm CAMCO Commercial Real Estate has negotiated a 17,022-square-foot industrial lease on Long Island. The tenant, food wholesaler 496 Express Foods Inc., is taking space at the 300,000-square-foot Sherwood Corporate Center in Holbrook. The space can support cold storage uses. CAMCO represented both the tenant and undisclosed landlord in the lease negotiations.

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DevelopmentMidwestMissouriRetail

Brinkmann Constructors Completes 35,000 SF Audi Dealership in Kirkwood, Missouri

by Kristin Harlow

KIRKWOOD, MO. — Brinkmann Constructors has completed a 35,000-square-foot Audi dealership for Semersky Enterprises, a Chicago-based automobile retailer. The two-story property is located in Kirkwood, a western suburb of St. Louis. The project features a lower-level service drive, 18-bay service shop and second-story showroom. Brinkmann’s scope of work included the civil, landscaping and mechanical, engineering and plumbing design-build services in addition to the furniture, fixtures, signage and automotive equipment. Charles Vincent George Architects served as the project architect.

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AcquisitionsIllinoisMidwestMultifamilyRetail

SVN Chicago Commercial Brokers $2.3M Sale of Commercial Building in Windy City

by Kristin Harlow

CHICAGO — SVN Chicago Commercial has brokered the $2.3 million sale of a 6,800-square-foot commercial building located at 5212 N. Clark St. in Chicago’s Andersonville neighborhood. Tim Rasmussen of SVN procured a local buyer who plans to convert the ground-floor commercial space into medical use. SVN also represented the undisclosed seller.

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Pacific-Place-Seattle-WA
AcquisitionsRetailWashingtonWestern

BH Properties Acquires 335,000 SF Pacific Place Mall in Seattle

by Amy Works

SEATTLE — Los Angeles-based BH Properties has purchased Pacific Place, a 2.1-acre upscale entertainment and shopping center in downtown Seattle, for an undisclosed price. Situated between Seattle Convention Center and Pike Place Market, the 335,000-square-foot Pacific Place offers five floors of retail space, including an 11-screen AMC Theatre and various restaurants. Developed in 1998, the regional indoor shopping mall underwent a renovation in 2019. Current tenants include Tiffany & Co., AMC Theaters, Din Tai Fung and Haidilao at the 45 percent-occupied asset. The property also offers a 1,164-stall, below-grade parking garage.

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