Property Type

MRC Provides $480M in Financing for Office-to-Residential Conversion Project in Midtown Manhattan

by Taylor Williams June 19, 2026

NEW YORK CITY — Madison Realty Capital (MRC) has provided $480 million in financing for an office-to-residential conversion project in Midtown Manhattan. The project will convert the 27-story, 523,051-square-foot building at 1740 Broadway, which spans nearly a full city block between 55th and 56th streets, into a 420-unit multifamily building with 238 apartments and 182 condos. The converted building will also feature 60,000 square feet of amenities, including a 22,000-square-foot sporting club, a spa with a lap pool, a concealed speakeasy bar in the building’s original bank vault and dedicated lounge and sun deck spaces for residents. Jason Krane, Russ Schildkraut and Simon Ziff of Ackman-Ziff arranged the financing on behalf of the owner, Yellowstone Real Estate Investments. Completion is slated for the third quarter of 2029.

June 19, 2026

Acquisitions Affordable Housing Development Multifamily New York Northeast

Tredway Buys 168-Unit Affordable Seniors Housing Complex in Peekskill, New York, Plans Rehabilitation

by Taylor Williams June 19, 2026

PEEKSKILL, N.Y. — New York-based owner-operator Tredway has purchased a 168-unit affordable seniors housing complex in Peekskill, about 50 miles north of New York City. The property at 901-907 Main St. houses units that are reserved for renters earning 60 percent or less of the area median income. As a means of preserving affordability, Tredway plans to invest about $4.5 million in capital improvements to the property, including façade repairs, upgrades to building systems and the installation of new in-unit appliances. Tredway also plans to enhance the building’s security systems and introduce new social services. The seller and sales price were not disclosed.

June 19, 2026

Acquisitions New Jersey Northeast Office

Cushman & Wakefield Brokers $17M Sale of Office Building in West Orange, New Jersey

by Taylor Williams June 19, 2026

WEST ORANGE, N.J. — Cushman & Wakefield has brokered the $17 million sale of a 129,298-square-foot office building in West Orange, about 20 miles west of New York City. The newly renovated building sits on an 8.7-acre site at 300 Executive Drive and was fully leased at the time of sale. Andrew Schwartz, Jordan Sobel, Andre Balthazard and Dan Bottiglieri of Cushman & Wakefield represented the seller, Triumvirate Realty, in the transaction and procured the buyer, an entity doing business as Executive Drive W Orange LLC. Brian Anderson and Eddie Miro, also with Cushman & Wakefield, arranged acquisition financing for the deal.

June 19, 2026

Leasing Activity New York Northeast Office

Sher Tremonte LLP Signs 26,405 SF Office Lease Renewal in Lower Manhattan

by Taylor Williams June 19, 2026

NEW YORK CITY — Law firm Sher Tremonte LLP has signed a 10-year, 26,405-square-foot office lease renewal in Lower Manhattan’s Financial District. The space spans the entire 22nd and 23rd floors of the 410,000-square-foot building at 90 Broad St. Seth Hecht of JLL represented the tenant in the lease negotiations. Jon Fein of Cushman & Wakefield, along with internal agent Josh Turman, represented the landlord, Princeton International Properties.

June 19, 2026

Development Florida Multifamily Southeast

Related Group Breaks Ground on 24-Story Apartment Tower in Downtown Tampa

by John Nelson June 19, 2026

TAMPA, FLA. —  Related Group has broken ground on Manor Riverwalk, a 24-story apartment tower located at 101 S. Parker St. in downtown Tampa. Designed by architecture firm Arquitectónica with interiors by ID & Design International, the tower will contain 369 residences, 3,000 square feet of fitness-based amenities and dedicated work areas along the Hillsborough River. Manor Riverwalk will also feature a 23,000-square-foot amenity deck, which will include shaded cabanas, a glass-edged jacuzzi, outdoor bar and entertainment terrace, pickleball court and a putting green, an 805-space parking garage and 18,000 square feet of retail space. The groundbreaking of Manor Riverwalk marks the start of the development of Related Group’s waterfront master plan, which is expected to eventually feature five buildings with 1,229 residences and 37,000 square feet of ground-floor retail space, with a woonerf (or walkable street) connecting them all. In later phases, the master-planned project will include a boutique apartment building, a standalone garden retail parcel, a luxury condominium and two more rental towers. No timeline was given for completion of any phase.

June 19, 2026

Georgia Industrial Leasing Activity Southeast

Logistics Property Co. Signs Two Tenants at Gainesville 85 Business Center in Northeast Georgia

by John Nelson June 19, 2026

GAINESVILLE, GA. — Industrial owner-operator Logistics Property Co. has signed two tenants to new leases at Gainesville 85 Business Center, an industrial park located in the I-985 Northeast Atlanta submarket. An undisclosed e-commerce company committed to 228,423 square feet of space at the building at 1900 Fulenwider Road, which is now fully leased, while a sustainable packaging manufacturer leased 66,960 square feet at 1950 Fulenwider Road. Todd Barton, Joanna Blaesing, Mark Hawks and Matt Higgins of CBRE represented the landlord in the lease negotiations. Tommy Hughes and Weston Gurr of Hughes Commercial and Rob Kruer, Tyler Logue, Nicholas Chang and Justin Kuehn of CBRE represented the tenants, respectively. Tim Evans and Ryan Jackson of the Greater Hall County Chamber of Commerce assisted in the negotiations.

June 19, 2026

Development Florida Multifamily Southeast

Kolter Multifamily Begins Construction on 386-Unit Apartment Community in Delray Beach, Florida

by John Nelson June 19, 2026

DELRAY BEACH, FLA. — Kolter Multifamily, a residential development affiliate of the Kolter Group, has begun construction on Alton Delray, a 386-unit apartment community located in South Florida between Fort Lauderdale and West Palm Beach. The development will consist of multiple six-story residential buildings at 2101 S. Congress Ave. in Delray Beach. Amenities will include a pool and a dog park. K olter Multifamily previously secured $92 million in construction financing from U.S. Bank for the project, according to South Florida Business Journal. The media outlet also reported that Kolter Multifamily was able to develop on the industrial-zoned land under Florida’s Live Local Act. Initial delivery of units at Alton Delray is slated for late 2027.

June 19, 2026

Acquisitions California Office Western

Capital Group Buys 55-Story Corporate Office Headquarters in Downtown Los Angeles for $210M

by Amy Works June 19, 2026

LOS ANGELES — Local fund manager Capital Group has purchased its corporate headquarters, an office tower located at 333 S. Hope St. in downtown Los Angeles, for $210 million. Capital Group has occupied a portion of the 55-story asset since 1978. The company plans to consolidate its three locations into a vertical campus across 19 floors in the building. The tower, which was built in 1974, will remain a multi-tenant building with Capital Group as the largest and anchor tenant. The purchase follows the company’s April announcement of a $70 million per year investment to expand Capital Group’s client-facing capabilities, including the addition of approximately 130 new sales and sales support roles over the next two years. Kevin Bender, Andrew Harper, Matt Astrachan and Joe Messina of JLL represented Capital Group in the deal, while Colliers represented the previous owner, Brookfield, and the special servicer, Mount Street.

June 19, 2026

Development Idaho Mixed-Use Restaurant Retail Western

CenterCal Properties Unveils Plans for Expansion of 1 MSF Mixed-Use Development Near Boise, Idaho

by Amy Works June 19, 2026

MERIDIAN, IDAHO — CenterCal Properties has unveiled plans for the expansion of The Village at Meridian, a 1 million-square-foot mixed-use development located in Meridian, roughly 10 miles west of downtown Boise. Phase II of the project will encompass 80,000 square feet of commercial space across six new buildings. Tenants that have committed to Phase II include Vuori, Alo, Kendra Scott, Tecovas, Gorjana, solidcore and Tempur-Pedic, along with Flower Child and Paris Baguette. Additional tenants will be announced as leasing activity continues. Initial openings are expected in September 2026, while completion of Phase II is anticipated for February 2027.

June 19, 2026

Acquisitions Arizona Healthcare Western

Transwestern Investments Sells 93,262 SF Medical Outpatient Facility in Gilbert, Arizona

by Amy Works June 19, 2026

GILBERT, ARIZ. — Transwestern Investments has sold Copper Point, a 93,262-square-foot medical outpatient property in Gilbert. Terms of the transaction were not released. Transwestern purchased the asset in April 2025 through a joint venture with RX Health & Science Trust. During ownership, the partnership brought the building to full occupancy and completed capital improvements. Located at 3530 S. Val Vista Drive, Copper Point is anchored by City of Hope and houses healthcare providers such as Prosano Health, an affiliate of Blue Cross Blue Shield of Arizona, and Phoenix Children’s Hospital. Built in 2008, Copper Point is adjacent to Dignity Health’s Mercy Gilbert Medical Center, a 418-bed, full-service hospital located at the intersection of South Val Vista Drive and Highway 202.

June 19, 2026

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