Saturday, September 12, 2026
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Affordable HousingDevelopmentKansasLoansMidwestMultifamilyWalker & Dunlop

Walker & Dunlop Arranges $29.6M in LIHTC Equity for Affordable Housing Project in Lenexa, Kansas

by Kristin Harlow

LENEXA, KAN. — Walker & Dunlop Inc. has arranged $29.6 million in federal Low-Income Housing Tax Credit (LIHTC) equity for the financing of Canyon Creek East, an affordable housing project in Lenexa. The development will include 212 units across five buildings. Jennifer Erixon led the Walker & Dunlop team that arranged the LIHTC equity, which will finance approximately 40 percent of the total development costs, on behalf of MRE Capital. Canyon Creek East is part of the larger Cedar Canyon West development plan, which encompasses a mix of residential, commercial and recreational facilities. MRE’s development will provide units for households earning between 30 and 80 percent of the area median income.  

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Leasing ActivityNew YorkNortheastOffice

Cushman & Wakefield Negotiates 15,158 SF Office Lease in Midtown Manhattan

by Taylor Williams

NEW YORK CITY — Cushman & Wakefield has negotiated a 15,158-square-foot office lease in Midtown Manhattan. The tenant, deal-sourcing platform Grata Inc., will occupy the entire second floor at 1410 Broadway, which recently underwent a $20 million capital improvement program. David Hoffman and Sam Hoffman of Cushman & Wakefield represented Grata Inc. in the lease negotiations. Richard Doolittle, Michael Joseph, John Howard and Taylor Bell of Colliers represented the landlord, L.H. Charney Associates.

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AcquisitionsIllinoisMidwestMultifamily

Interra Realty Brokers $5M Sale of Multifamily Property in Chicago’s Uptown Neighborhood

by Kristin Harlow

CHICAGO — Interra Realty has brokered the sale of a 30-unit multifamily property in Chicago’s Uptown neighborhood for $5 million. Built in 1927 and renovated in 2014, the asset at 5051 N. Kenmore Ave. was fully leased at the time of sale. Joe Smazal of Interra represented the buyer, East Superior Real Estate Partners, and the seller, an East Coast-based investment company. The buyer assumed the property’s existing mortgage, which carries an interest rate below current market levels.

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AcquisitionsMidwestNAIOfficeWisconsin

NAI Pfefferle Negotiates Sale of 31,225 SF Office Building in Greenville, Wisconsin

by Kristin Harlow

GREENVILLE, WIS. — NAI Pfefferle has negotiated the sale of a 31,225-square-foot office building in Greenville, about 35 miles southwest of Green Bay. The sales price was undisclosed, but the asking price was $1.9 million. Amy Oelhafen of NAI Pfefferle brokered the sale of the property, which is located on Aerotech Drive.

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DevelopmentIllinoisMidwestRestaurantRetail

Next Realty Completes Development of Chipotle-Occupied Retail Property in Barrington, Illinois

by Kristin Harlow

BARRINGTON, ILL. — An affiliate of Next Realty LLC has completed development of a 2,460-square-foot retail property occupied by Chipotle in the northwest Chicago suburb of Barrington. Next acquired the site at 550 Hough St. in 2022 when it was a former Bank of America property. The newly reconfigured outlot has parking for 25 cars and a Chipotlane for mobile order pickups. Buildtech was the general contractor. Sarah Norlander and Elizabeth Sweeney of Mid-America Real Estate represented Next, while Steve Fishman of Mid-America represented Chipotle.

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AcquisitionsIllinoisIndustrialLee & AssociatesMidwest

Lee & Associates Brokers $1.2M Sale of Industrial Building in St. Charles, Illinois

by Kristin Harlow

ST. CHARLES, ILL. — Lee & Associates has brokered the $1.2 million sale of a 10,696-square-foot industrial building in the western Chicago suburb of St. Charles. Andrew Block of Lee & Associates represented the buyer, Labels & Specialty Products. The transaction marks the buyer’s second facility in St. Charles. Michael Marconi and Mark Kaplarevic of Transwestern represented the seller, Voestalpine Eifeler Coatings.

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Leasing ActivityNew YorkNortheastOffice

Meirowitz & Wasserberg Signs 12,007 SF Office Lease Expansion in Midtown Manhattan

by Taylor Williams

NEW YORK CITY — Law firm Meirowitz & Wasserberg has signed a 12,007-square-foot office lease expansion at 1040 Avenue of the Americas in Midtown Manhattan. The deal is part of a series of leases that brings the 24-story building to 97 percent occupancy. Billy Cohen, J.D. Cohen and Ariel Harwood of Newmark represented the owner, Skyline Developers, in the lease negotiations. The tenant representative was not disclosed.

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Armstrong-Center-CCU-Lakewood-CO
CivicColoradoDevelopmentWestern

Colorado Christian University Nears Completion of $170M Expansion Project in Lakewood, Colorado

by Amy Works

LAKEWOOD, COLO. — Colorado Christian University (CCU) is nearly the completion of $170 million of new facility construction at the Lakewood campus, just west of Denver. The facilities include Leprino Hall, an academic building; Yetter and Rockmont Halls, apartment-style residence halls; Anschutz Student Center; and the soon-to-be-completed Armstrong Center. The 60,000-square-foot Armstrong Center will enable the school of music to return to CCU’s main campus, expand the library, offer a 500-seat performance theater and provide the university with its first dedicated chapel. Additionally, CCU is investing $45 million for a new science and engineering building and athletic facilities.

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AcquisitionsLoansMultifamilyWashingtonWestern

Washington Federal Bank Completes Sale of $2.8B in Multifamily Loans

by Amy Works

SEATTLE — Washington Federal Bank, the wholly owned subsidiary of WaFd Inc. (NASDAQ: WAFD), has consummated the sale of approximately $2.8 billion of multifamily commercial real estate loans to Bank of America, which in turn is selling the loans to funds managed by Pacific Investment Management Co. The sale of the multifamily loans was executed at no loss to WaFd and provides immediate liquidity, according to the seller. The packaged loans all came from WaFd’s acquisition of Luther Burbank Savings in March. The sale of the CRE loans was not a condition of the merger.

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315-1st-Ave-W-Seattle-WA
AcquisitionsMultifamilyWashingtonWestern

Kidder Mathews Negotiates $19.9M Sale of Uptown Queen Anne Apartments in Seattle

by Amy Works

SEATTLE — Kidder Mathews has negotiated the sale of Uptown Queen Anne Apartments, a mid-rise multifamily property at 315 First Ave. W. in Seattle. The seller, which originally developed the building in 2001, sold the asset to Trinity Real Estate for $19.9 million, or $331,000 per unit. Situated in the Queen Anne neighborhood, Uptown Queen Anne Apartments features 60 apartments and two commercial spaces. Jerrid Anderson and Winslow Lee of the Simon and Anderson team, a multifamily investment team based at Kidder Mathews’ Seattle headquarters, represented the seller in the off-market transaction.

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