Property Type

Has the Raleigh-Durham Office Market Hit Rock Bottom?

by John Nelson February 23, 2026

The Raleigh/Durham office market is not yet in full recovery mode; however, the latest data suggests something just as important: stabilization. Compared to many U.S. office markets still experiencing significant stress, Raleigh-Durham is holding its ground — and in several respects, outperforming national trends. Currently, the combined Raleigh-Durham office market totals approximately 118.7 million square feet, with Raleigh making up roughly two-thirds of the inventory and Durham the remainder. Together, they form one of the Southeast’s most dynamic and resilient office regions. Vacancy elevated, improving While higher than pre-pandemic norms, vacancy is trending better than many peer markets. Raleigh’s vacancy rate currently sits around 11.1 percent, while Durham’s vacancy rate is approximately 9.8 percent, according to research from CoStar Group. Combined, this market boasts a blended office vacancy rate of roughly 10.7 percent, well below the 14.1 percent national average. Over the past 12 months, Raleigh recorded positive net absorption of approximately 574,000 square feet, while Durham experienced negative absorption of about 480,000 square feet. Combined, the market landed near equilibrium, which sends an encouraging signal that the market is no longer sliding backward, even if growth remains uneven. The area’s post-pandemic growth is shaped by hybrid work models, changing …

February 23, 2026

Acquisitions Industrial Texas Top Stories

Stream Realty Sells Two Industrial Buildings Totaling 1.6 MSF in Metro Houston to BGO

by Taylor Williams February 23, 2026

BROOKSHIRE, TEXAS — Stream Realty Partners has sold two industrial buildings totaling approximately 1.6 million square feet in Brookshire, a western suburb of Houston, to institutional investment firm BGO (formerly known as BentallGreenOak). The sales price was not disclosed. The structures are Buildings 9 and 10 within Empire West, a 10-building, 3.9 million-square-foot development that was completed in phases over the past six years. Both buildings were fully leased to Tesla at the time of sale. Construction of Phase I of Empire West began in summer 2020 and comprised three buildings totaling roughly 1 million square feet. The second phase was completed in fall 2022 and totaled another 2.3 million square feet across six buildings. Other tenants at Empire West, which also features a 16.6-acre outdoor storage yard, include Professional Packaging, H-E-B, Ferguson Enterprises, Pointsmith Point-of-Purchase Management Services and Cotton Commercial USA. Seth Koschak, Matteson Hamilton, Justin Robinson, Mustafa Ali and Adam Jackson of Stream Realty Partners coordinated with Eastdil Secured to broker the deal. Earlier this year, Stream sold Buildings 1, 3 and 8 within Empire West, which collectively total approximately 1 million square feet, to Kansas City-based investment firm NorthPoint Development. That sale included the aforementioned outdoor storage …

February 23, 2026

Acquisitions Arizona Build-to-Rent Single-Family Rental Western

Bela Flor, TruVista Sell Avalon Townhomes in Avondale, Arizona for $30.1M

by Amy Works February 20, 2026

AVONDALE, ARIZ. — Arizona-based Bela Flor and TruVista Development have completed the sale of Avalon Townhomes, a build-to-rent community in Avondale. An undisclosed buyer acquired the asset for $30.1 million, or $430,000 per unit. Completed in 2025, Avalon Townhomes features 70 two- and three-bedroom townhomes averaging 1,677 square feet in size. The townhomes offer quartz counters, kitchen islands, luxury plank flooring, stainless steel appliances, walk-in closets, dual vanities, doggy doors, full smart-home connectivity, as well as direct-access one- and two-car garages with EV charging, dedicated driveways, private enclosed backyards. Community amenities include a resort-style pool and spa, pet park, an outdoor fitness circuit, a barbecue ramada and abundant guest parking. Mark Forrester, Andrew Curtis and Ryan Boyle of Berkadia’s Phoenix office represented the seller in the deal.

February 20, 2026

Acquisitions Multifamily Washington Western

Northmarq Negotiates $19.5M Sale of Merritt Manor Apartments in Olympia, Washington

by Amy Works February 20, 2026

OLYMPIA, WASH. — Northmarq has arranged the sale of Merritt Manor, a mid-rise apartment community in Olympia. Fourth Street’s Merritt Manor LLC sold the asset to Merritt Manor LLC for $19.5 million. Joe Kinkopf, Steve Fischer and Tyler Smith of Northmarq’s Seattle Investment Sales team represented the seller in the transaction. Located at 3335 Martin Way E, Merritt Manor features 82 two- and three-bedroom apartments with stainless steel appliances, granite countertops, moving kitchen islands, full-size washer/dryers, carpets bedrooms and walk-in closets. Community amenities include a community garden, grilling area, playground, basketball court, community lounge, EV charging station, ample off-street parking, elevator access and video patrol. The property was built in 2020.

February 20, 2026

California Loans Retail Western

PSRS Arranges $9.4M Refinancing for Retail Center in Rancho Cucamonga, California

by Amy Works February 20, 2026

RANCHO CUCAMONGA, CALIF. — PSRS has arranged $9.4 million for the refinancing of a neighborhood retail center in Rancho Cucamonga. Constructed in 2004, the 25,008-square-foot property is fully occupied by 14 tenants. Jonny Soleimani, George Gianoukakis and Garrett Carter of PSRS secured the non-recourse loan, which features a five-year term and a 27-year amortization schedule, through one of its correspondent life insurance companies.

February 20, 2026

Acquisitions Colorado Retail Western

Pinnacle Brokers $3.5M Sale of Two Retail Properties in Littleton, Colorado

by Amy Works February 20, 2026

LITTLETON, COLO. — Pinnacle Real Estate Advisors has arranged the $3.5 million sale of two retail properties in Littleton. Totaling 8,558 square feet, the properties are the Kauer Building at 2500 W. Main St. and an Art Deco-style building at 5711 S. Nevada St. The buildings were fully leased at the time of sale. R.C. Myles and Craig Myles of Pinnacle’s MB Team, along with Eric Shaw of Pinnacle Real Estate Advisors, represented the undisclosed sellers in the deal. The name of the buyer was not released.

February 20, 2026

Acquisitions Office Southeast Virginia

Newmark Facilitates $44.5M Sale of Three-Building Office Portfolio in Richmond

by Abby Cox February 20, 2026

RICHMOND, VA. — Newmark has facilitated the $44.5 million sale of a three-building office portfolio located in Richmond. Will Bradley and Mark Williford of Newmark represented the seller, Minneapolis-based Onward Investors, in the transaction. Onward Investors originally purchased the complex about 18 months prior for $31 million, as reported by Richmond BizSense. The buyer was not disclosed. Situated at 5600-5640 Cox Road, the portfolio totals 300,364 square feet. The office buildings were fully leased at the time of sale to tenants including data center operator Black Knight, the Commonwealth of Virginia’s Department of Social Services and local water treatment firm ChemTreat.

February 20, 2026

Florida Loans Multifamily Southeast

Berkadia Arranges $42.5M Refinancing of Multifamily Community in Panama City Beach, Florida

by Abby Cox February 20, 2026

PANAMA CITY BEACH, FLA. — Berkadia has arranged $42.5 million in debt and equity to refinance Exchange at the Beach, a 232-unit multifamily apartment community located in the Upper Grand Lagoon neighborhood of Panama City Beach. Mitch Sinberg, Scott Wadler, Brad Williamson and Matt Robbins of Berkadia secured a $29 million, five-year, fixed-rate Freddie Mac loan on behalf of the borrower, JSB Capital. Berkadia also arranged $13.5 million in preferred equity. Built in 2022, Exchange at the Beach offers one- and two-bedroom apartments ranging in size from 672 to 1,255 square feet, according to Apartments.com. Amenities include a clubhouse with a coffee bar, business center, gaming area, 24-hour fitness center, swimming pool with a veranda and TV area, outdoor BBQ and grilling stations, an outdoor fireplace and a dog park.

February 20, 2026

Development Industrial Texas

TDC Completes 858,600 SF Industrial Project in Northeast Houston

by Taylor Williams February 20, 2026

HOUSTON — Transwestern Development Co. (TDC) has completed East Belt Logistics Park, an 858,600-square-foot industrial project that is located along Beltway 8 in northeast Houston. East Belt Logistics Center consists of two buildings that span 591,560 and 267,040 square feet, both of which feature cross-dock configurations and 3,000 square feet of office space. The larger building offers 40-foot clear heights, and the smaller building offers 36-foot clear heights. Transwestern is also the leasing agent for East Belt Logistics Park.

February 20, 2026

Alabama Development Retail Southeast

IKEA to Open 46,000 SF Store in Huntsville, Marking Retailer’s First Location in Alabama

by Abby Cox February 20, 2026

HUNTSVILLE, ALA. — IKEA U.S. has announced plans to open a 46,000-square-foot store in Huntsville, making it the Swedish retailer’s first location in Alabama. Set to open on Feb. 25, the new, small format store will be located at 6125 University Place Drive within the University Place Shopping Center. The landlord was not disclosed. IKEA says the store will showcase more than 5,000 products and a variety of fully furnished room settings and will include a central planning area for personalized design consultations, an “As Is” department with sustainable furnishing options for purchase and its Swedish in-store restaurant.

February 20, 2026

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