Property Type

BXP Completes $25M Renovation of D.C. Office Building

by John Nelson May 12, 2026

WASHINGTON, D.C. — BXP, an office REIT based in Boston, has completed the $25 million renovation of 901 New York Avenue, a 542,000-square-foot office building in Washington, D.C.’s East End submarket. The renovation included a new lobby, fitness center, conference center and a rooftop terrace. The design-build team included Sasaki (architect) and HITT Contracting (construction). The investment included a partnership with Finnegan, Henderson, Farabow, Garrett & Dunner LLP, which extended its 214,000-square-foot lease across eight full floors at the building in January 2024. The law firm is establishing a presence in the lobby and recently delivered a sky garden to promote wellness for tenants. Additionally, BXP executed 41,000 square feet of new leases at 901 New York Avenue since the renovation’s completion.

May 12, 2026

Acquisitions Florida Retail Southeast

Cushman & Wakefield Brokers Sale of 174,037 SF Power Retail Center in Metro Jacksonville

by John Nelson May 12, 2026

ORANGE PARK, FLA. — Cushman & Wakefield has brokered the sale of Bolton Plaza, a 174,037-square-foot power retail center in Orange Park, about 20 miles south of Jacksonville. A privately held investment firm purchased the center from KPR Centers for an undisclosed price. Mark Gilbert, Adam Feinstein and Mitchell Halpern of Cushman & Wakefield’s Retail Advisory Group represented the seller in the transaction. Bolton Plaza was fully leased at the time of sale to tenants including Aldi, Academy Sports + Outdoors, LA Fitness and Marshalls.

May 12, 2026

INDUS-Commerce-Center-@-840-Lebanon-Tennessee

Development Industrial Southeast Tennessee Top Stories

INDUS Realty Trust Underway on 2.1 MSF Industrial Park in Metro Nashville

by Taylor Williams May 12, 2026

LEBANON, TENN. — Indus Realty Trust, an industrial owner-operator based in New York, is underway on construction of INDUS Commerce Center @ 840, a 2.1 million-square-foot industrial park that will be located on the eastern outskirts of Nashville in Lebanon. The site spans 189 acres near the I-840 and Couchville Pike interchange. The development will consist of four buildings that can accommodate tenants with requirements from 250,000 to 1 million square feet. Vertical construction of the first, 507,000-square-foot building is now underway. This structure will be known as Building 2 and will feature a clear height of 40 feet, 120 dock-high doors, four drive-in doors, parking for 216 cars and 175 trailers, ESFR sprinklers and high-efficiency LED lighting. Completion is slated for the first quarter of 2027. Building 1 within INDUS Commerce Center @ 840 spans 537,000 square feet and is pad-ready. That structure also features a clear height of 40 feet, as well as 110 dock-high doors, four drive-in doors and parking for 196 cars and 120 trailers. Buildings 3 and 4 are also pad-ready and will total 496,674 and 610,480 square feet, respectively. In addition, according to the property’s marketing brochure, Buildings 3 and 4 can be combined …

May 12, 2026

District of Columbia Features Healthcare Industrial Loans Multifamily Office Retail Southeast Southeast Feature Archive

MBA: Commercial, Multifamily Borrowing Increased 52 Percent in First-Quarter 2026

by John Nelson May 12, 2026

WASHINGTON, D.C. — Commercial and multifamily mortgage loan originations were 52 percent higher in the first quarter of 2026 compared to first-quarter 2025, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. First-quarter production falls in line with the organization’s 2026 forecast made in February that commercial and multifamily loan originations this year would increase by 27 percent compared to 2025. Among capital sources, the dollar volume of loans originated for investor-driven lenders increased by 133 percent year-over-year in the first quarter. There was also an 80 percent increase in loans for depositories (i.e. banks and credit unions); a 38 percent increase in government-sponsored enterprises (i.e. Fannie Mae and Freddie Mac); and a 9 percent increase in life company loans. There was also a14 percent decline in commercial mortgage-backed securities (CMBS) loans compared to a year ago. “The most notable increase was the 80 percent rise in depository lending, driven in part by the large volume of bank-held loans maturing this year and the need to refinance those positions,” says Reggie Booker, MBA’s associate vice president of commercial research. “The slowdown [from fourth-quarter 2025] is consistent with typical first-quarter seasonality and does not detract from …

May 12, 2026

Development Mixed-Use Texas

Southern Land Breaks Ground on 953,000 SF Mixed-Use Project in Houston

by Taylor Williams May 11, 2026

HOUSTON — Nashville-based developer Southern Land Co. has broken ground on a 953,000-square-foot mixed-use project in the River Oaks neighborhood of Houston. The project will consist of a 10-story, 107,000-square-foot building with four floors of office space and 15,000 square feet of retail and restaurant space, as well as a 38-story, 331-unit apartment tower with 18 penthouse suites. Residential amenities will include a rooftop lounge with a pool, a seventh-floor garden deck that connects the buildings, a residential spa, guest suites and a fitness center that will be available to both residents and office users. Andres Construction is the general contractor for the project, which is expected to be complete in 2028.

May 11, 2026

Development Multifamily Texas

Weston Urban Completes 290-Unit Multifamily Project in Downtown San Antonio

by Taylor Williams May 11, 2026

SAN ANTONIO — Local developer Weston Urban has completed The Continental Residences, a 290-unit multifamily project in downtown San Antonio. Designed by BKV Group and built by Rogers-O’Brien Construction, the 16-story building features studio, one- and two-bedroom apartments, as well as two-story townhomes. A sixth-floor amenity suite is home to a clubroom, coworking space, an indoor-outdoor fitness center and an outdoor pool deck with lounge areas and an outdoor kitchen. Residents also have access to a rooftop lounge. Kairoi Residential is the property manager. Rents start at $1,700 per month for a studio apartment.

May 11, 2026

Acquisitions Industrial Texas

Valrock, Evergen Equity Acquire 194,255 SF Industrial Building in Von Ormy, Texas

by Taylor Williams May 11, 2026

VON ORMY, TEXAS — A partnership between Valrock, a newly launched industrial investment firm, and Austin-based Evergen Equity has acquired a 194,255-square-foot building in Von Ormy, a southwestern suburb of San Antonio. The building at 10600 Fischer Road was fully leased at the time of sale to packaging company Smurfit Westrock. Andrew Price and Braeden Bernstein of CBRE represented the seller, an undisclosed private investor, in the transaction.

May 11, 2026

Industrial Leasing Activity Texas

Highland Properties Negotiates 25,000 SF Industrial Lease Renewal in Arlington

by Taylor Williams May 11, 2026

ARLINGTON, TEXAS — Local brokerage firm Highland Properties has negotiated a 25,000-square-foot industrial lease renewal in Arlington. The tenant is Texas Almet, a manufacturer of advanced honeycomb core components for military and commercial aircraft, and the space is located at 2800 E. Randoll Mill Road. Scott Voelkel and Cullen Dickey of Highland Properties represented the tenant in the lease negotiations. Ishash Shrestha of Avangard Real Estate represented the undisclosed landlord.

May 11, 2026

Affordable Housing Development Multifamily Northeast Pennsylvania

Partnership Breaks Ground on Phase I of Affordable Housing Redevelopment Project in West Philadelphia

by Taylor Williams May 11, 2026

PHILADELPHIA — A partnership between LMXD, which is an affiliate of New York City-based developer L+M Development Partners, MSquared and the Philadelphia Housing Authority has broken ground on the first phase of the redevelopment of Westpark Apartments. The 12-acre affordable housing complex is located on the city’s west side. Phase I will include the construction of a new midrise building with 145 units, 58 of which will be reserved for existing residents and 73 of which will be reserved for incoming households earning between 20 and 80 percent of the area median income (AMI). The new building will also have 1,300 square feet of retail space. Phase I will also involve the rehabilitation of an existing, 141-unit building, 39 of which will be earmarked for existing residences and 76 of which will be earmarked for new households earning between 20 and 80 percent of AMI. Lastly, the development team will construct 41 new units at the southern edge of the campus, all of which will be dedicated first to returning Westpark residents and affordable to households earning up to 50 percent of AMI. Phase I is slated for a 2028 completion.

May 11, 2026

Acquisitions Multifamily New York Northeast

Marcus & Millichap Brokers $7.7M Sale of Lower Manhattan Apartment Building

by Taylor Williams May 11, 2026

NEW YORK CITY — Marcus & Millichap has brokered the $7.7 million sale of a 15-unit apartment building in Manhattan’s Lower East Side. The newly renovated building at 259 E. Broadway exclusively offers two-bedroom units, seven of which are subject to income restrictions, and includes a ground-floor commercial space. Joe Koicim, Logan Markley and Matt Berger of Marcus & Millichap represented the seller, R.A. Cohen & Associates, in the transaction and procured the buyer, a private out-of-state investor.

May 11, 2026

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