Property Type

City-Trust-Collection-Bridgeport-Connecticut

NEPCG Arranges $21.5M Sale of Mixed-Use Property in Bridgeport, Connecticut

by Taylor Williams November 11, 2026

BRIDGEPORT, CONN. — Regional brokerage firm Northeast Private Client Group (NEPCG) has arranged the $21.5 million sale of a 273,612-square-foot mixed-use property in the southern coastal Connecticut city of Bridgeport. Known as The City Trust Collection, the property spans a fully city block at 955 Main St. in the downtown area and comprises 117 market-rate apartment units, 42,238 square feet of commercial space and a 240-space (90,500-square-foot) parking garage. Brad Balletto and Rich Edwards of NEPCG represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

November 11, 2026

Residence-Inn-by-Marriott-Moxy-Hotel-Portland-Thompson's-Point

Development Hospitality Maine Northeast

Colwen Hotels Opens 148-Room, Dual-Branded Property in Portland, Maine

by Taylor Williams November 11, 2026

PORTLAND, MAINE — Colwen Hotels has opened the Residence Inn by Marriott and Moxy Hotel Portland Thompson’s Point, a 148-room, dual-branded property in Portland. The five-story building is located within the Thompson’s Point mixed-use development and offers shared amenities such as an indoor pool, fitness center, 24-hour market and an onsite restaurant. The Residence Inn features 70 apartment-style suites with fully equipped kitchens, and the Moxy hotel offers 78 guestrooms. Colwen’s in-house team also handled design of the project.

November 11, 2026

California Development Loans Multifamily Student Housing Western

ACC Closes on $191M Financing for 1,065-Bed Student Housing Development at UC Irvine

by Amy Works November 11, 2026

IRVINE, CALIF. — American Campus Communities (ACC) has closed on $191 million in financing for a 1,065-bed student housing development on the University of California, Irvine (UC Irvine) campus. The project is being developed in partnership with the Collegiate Housing Foundation, which will serve as the community’s owner, borrower and lessee. The development is scheduled for completion in fall 2028 and will span 387,000 square feet across two buildings. The community will offer 308 fully furnished units in studio through four-bedroom configurations designed to target undergraduate students. Shared amenities are set to include dedicated study areas, indoor social lounges, furnished outdoor courtyards, bicycle storage and laundry facilities. The development team for the project, which is targeting LEED Gold certification, includes KTGY and Benchmark. The partnership between ACC and UC Irvine spans 25 years and will include the delivery of 8,700 beds upon completion.

November 11, 2026

California Loans Multifamily Western

Northmarq Arranges $105M Refinancing for Madrone Apartments in Silicon Valley

by Amy Works November 11, 2026

MOUNTAIN VIEW, CALIF. — Northmarq has arranged a $105 million refinancing of Madrone Apartments, a 272-unit community at 111 N. Rengstorff Ave. in Mountain View, 35 miles south of San Francisco. Nathan Prouty and Andrew Slaton of Northmarq arranged the financing on behalf of Prometheus Real Estate Group. New York Life provided the five-year, full-term interest-only loan, which refinances approximately $90 million in existing debt originally arranged by Northmarq in 2016. Prometheus is planning to develop eight accessory dwelling units (ADUs) following the loan closing.

November 11, 2026

Northern-Parkway-Logistics-Center-Glendale-AZ

Arizona Industrial Loans Western

Panattoni Receives $58.7M Refinancing for Northern Parkway Logistics Center in Glendale, Arizona

by Amy Works November 11, 2026

GLENDALE, ARIZ. — Panattoni Development Co. has received $58.7 million in refinancing for Northern Logistics Center, a Class A industrial portfolio in Glendale. Jason Carlos, Frank Choumas, Ross Jorgensen and Andrew Mings of JLL Capital Markets secured the three-year, floating-rate loan through Mesa West Capital for the borrower. Completed in 2025, Northern Parkway Logistics Center features 445,187 square feet of industrial space spread across three buildings at 12815 W. Northern Ave. and 12795 W. Northern Ave. The property features 32- to 36-foot clear heights, 73 dock-high doors, eight grade-level doors, heavy power capabilities ranging from 3,000 to 6,000 amps, ESFR sprinkler systems, 62 trailer parking stalls and 451 vehicle parking spaces. The buildings are designed to accommodate both single-tenant and multi-tenant users. At the time of financing, the property was 57.9 percent leased.

November 11, 2026

Acquisitions Multifamily Washington Western

JLL Brokers $17.5M Sale of Mid-Rise Multifamily Building in Seattle

by Amy Works November 11, 2026

SEATTLE — JLL has arranged the purchase of 101 Broadway Apartments, a mid-rise multifamily property in Seattle. 510/520 Fourth West Properties LLC acquired the asset from an undisclosed seller for $17.5 million. This transaction fulfills the buyer’s 1031 exchange from the recent $10.8 million sale of 510 Place, a 36-unit multifamily property in Seattle. Casey Zejdlik, Michael Lyford and Reed Curtis of JLL handled both transactions. Located at 840 E. Denny Way, the six-story 101 Broadway Apartments features 44 residences with high-end finishes, ground-floor retail space, a rooftop deck and resident lounge. The property was completed in 2017.

November 11, 2026

Loans Midwest Missouri Multifamily Seniors Housing

BWE Arranges $240M Recapitalization of Midwest Seniors Housing Portfolio

by Kristin Harlow November 11, 2026

SPRINGFIELD, MO. — BWE has arranged a $240 million recapitalization of a seniors housing portfolio located across three markets in the Midwest. BWE served as exclusive capital markets advisor to O’Reilly Development Co. LLC, a Springfield, Mo.-based developer and investor, in capitalizing the transaction. The portfolio comprises purpose-built independent living, assisted living and memory care communities developed by O’Reilly between 2019 and 2022. The communities are fully stabilized, operating at occupancy levels ranging from 96 to 99 percent. Arrow Senior Living, a St. Charles, Mo.-based regional operator, manages the portfolio. Arrow is co-invested alongside O’Reilly in the venture.

November 11, 2026

Acquisitions Illinois Midwest Office

Cushman & Wakefield Brokers Sale of 41-Story Office Tower in Chicago

by Kristin Harlow November 11, 2026

CHICAGO — Cushman & Wakefield has brokered the sale of 121 W. Wacker, a 41-story office tower overlooking the Chicago River. The buyers, Chicago-based investors Ken Buckman and Robert Castillo, intend to invest substantial capital to re-energize the nearly century-old building. Planned enhancements include a significant upgrade to the outdoor amenity terrace and 24th-floor conference center, a remodeled restaurant and bar managed by a Chicago hospitality firm and a refreshed main lobby. Ware Malcomb will oversee all interior and exterior architecture, with Ameritus continuing as the building’s property manager. Completed in 1930 and designed by Chicago architects Holabird & Root, the 441,030-square-foot property stands as one of the city’s most recognizable Art Deco skyscrapers. Originally known as the LaSalle-Wacker Building, the tower is located at the gateway to Chicago’s historic LaSalle Street corridor. The building is now included within the West Loop-LaSalle Street Historic District on the National Register of Historic Places. United Airlines and McDonald’s both maintained offices at the property previously. Cody Hundertmark and Tom Sitz of Cushman & Wakefield represented the seller, Chicago-based Ameritus. Cushman & Wakefield has been retained as the leasing agent for the property, with Mason Taylor and Paige Krueger leading leasing efforts. According …

November 11, 2026

Acquisitions Midwest Minnesota Multifamily

JLL Negotiates Sale of 346-Unit Apartment Tower in Minneapolis

by Kristin Harlow November 11, 2026

MINNEAPOLIS — JLL Capital Markets has arranged the sale and financing of 270 Hennepin, a newly constructed, 346-unit apartment tower in Minneapolis. Josh Talberg, Joseph Peris and Jack Graveline of JLL represented the seller, a partnership between Diamond Realty Investments and Harlem Irving Cos. JLL also secured a seven-year acquisition loan through Freddie Mac on behalf of the buyer, Roundhouse. Delivered in 2021, 270 Hennepin rises 21 stories. The property is 95 percent leased, and units average 784 square feet. The development also includes 20,075 square feet of ground-level commercial space that is fully leased to mini golf entertainment concept Puttery. Amenities at the property include an indoor pool on the 19th floor, a fitness center and yoga studio, work-from-home lounge, a private dog run, rooftop patios and terraces and heated underground parking across four levels.

November 11, 2026

LogistiCenter-@-I-83-York-County-Pennsylvania

Industrial Market Reports Northeast Northeast Market Reports

Macroeconomics Complicate Recalibration of Northeast Industrial Investment Sales Market

by Taylor Williams November 11, 2026

By Taylor Williams (Editor’s note: This story was finalized in advance of the Federal Reserve meeting on Wednesday, Oct. 28.) When it comes to “normalization” in commercial real estate, the investment sales community is usually last in line to experience the trend. Recovery, rightsizing, recalibration — whatever “R” word you prefer — increased tenant absorption is usually one of the first indicators of a positive inflection point in any commercial market. Although investors and their brokers can see leasing activity in real time — and for the industrial markets of the Northeast, that activity is encouraging at the moment — determining whether said absorption is a trend or a blip requires a certain amount of data. Aggregating sufficient data takes time. And when the broader economy is subject to violent, unexpected swings like it is today, by the time that information has been digested by the investment sales community, the broader landscape may have shifted considerably. In addition, now that fundamentals and supply-demand balances across most Northeast industrial markets have settled back to more normal dynamics, investors too must get back to more standard underwriting practices. That means stipulating an exit cap rate that is legitimately achievable and putting forth …

November 11, 2026

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