Property Type

Partnership Underway on Renovation of 22-Story Office Building in Midtown Manhattan

by Taylor Williams August 3, 2026

NEW YORK CITY — A partnership between A.M. Property Holding Corp., Axonic Capital and Platinum Properties is underway on the renovation of 11 Bryant Park Plaza, a 22-story office building in Midtown Manhattan. Designed by Spectorgroup, the renovation will involve the upgrading of existing office suites and the repositioning of upper-level floors to feature tenant amenities. The project team will also upgrade the lobby and elevators. Demolition work on the building’s top two floors is nearly complete, and renovations will be delivered in phases over of the second half of this year and early next year.

August 3, 2026

Acquisitions Development Multifamily New York Northeast

Ariel Property Advisors Arranges $15.7M Sale of Multifamily Development Site in Brooklyn

by Taylor Williams August 3, 2026

NEW YORK CITY — Locally based brokerage firm Ariel Property Advisors has arranged the $15.7 million sale of a multifamily development site in the Gowanus area of Brooklyn. The site is an assemblage of the parcels at 418 4th Ave., 416 4th Ave., 246 7th St. and 244A 7th St. and can support 57,640 buildable square feet of new product. Sean Kelly, Stephen Vorvolakos and Nicole Daniggelis of Ariel represented the undisclosed seller in the transaction. The buyer was private investor Abraham Waldman.

August 3, 2026

Development Florida Retail Southeast

Minto Communities Sells Land in South Florida to Walmart for New Supercenter

by John Nelson August 3, 2026

WESTLAKE, FLA. — Minto Communities USA has sold a 24-acre parcel at Town Center West in Westlake, a master-planned community in South Florida’s Palm Beach County. The buyer, Walmart, plans to develop a 188,779-square-foot Walmart Supercenter at the site, including a separate convenience store and gas station. The sales price was not released. The new Walmart Supercenter will sit adjacent to a future Lowe’s Home Improvement store, which will also double as a regional headquarters for the North Carolina-based retailer. Minto sold that site to Lowe’s in January. Minto retains a large outparcel at Town Center West that the company will market for sale in the near future. The firm has sold approximately half of the holdings in Westlake that is approved for 2.2 million square feet of commercial development. Westlake has the capacity for 6,000 homes ranging in configurations between single-family homes, estate homes and townhomes, with prices starting in the $300,000s, according to Minto. Amenities at the master-planned community include Westlake Adventure Park, The Lodge and a 3,900-square-foot fieldhouse and event space that will open soon.

August 3, 2026

Development Multifamily North Carolina Southeast

Marcus, Wood Partners to Develop 280-Unit Apartment Community in Apex, North Carolina

by John Nelson August 3, 2026

APEX, N.C. — Boston-based Marcus Partners has purchased a site off Jenks Road in Apex for the development of Alta Apex, a 280-unit apartment community. The project represents the first development in the Raleigh-Durham market for Marcus Partners, which is spearheading the construction from its Atlanta office along with Wood Partners. The co-developers will begin sitework and construction this month and aim for delivery in fourth-quarter 2027. Upon completion, Alta Apex will include a mix of walk-up and elevator-served buildings housing one-, two- and three-bedroom apartments. Amenities will include a resort-style pool, indoor and outdoor fitness areas, clubroom with coworking space, dog park and a pet spa.

August 3, 2026

Development Florida Leasing Activity Mixed-Use Restaurant Retail Southeast

Gateway Jax Signs Six Tenants at $1B Pearl Square Development in Downtown Jacksonville

by John Nelson August 3, 2026

JACKSONVILLE, FLA. — Gateway Jax has signed six new tenants to leases at Peal Square, a 2 million-square-foot mixed-use project in downtown Jacksonville. The initial retail lineup for Vandeveer, the first mixed-use residential building within the district, will feature dining, wellness and lifestyle retailers and restaurants on the ground floor. The newly announced tenants include Bar Citra (2,000 square feet), Buchner’s Biergarten (outdoor patio space and food truck), PopUp Bagels (1,443 square feet), Go Greek Yogurt (1,141 square feet), JETSET Pilates (2,495 square feet) and Pearl Street Nails (2,032 square feet). Buchner’s Biergarten and JETSET Pilates will open this fall, with additional tenant openings anticipated to continue through early 2027. The tenants join Publix, which will be the first new construction grocery store in the area in more than a decade, and Colletta, an Italian restaurant set to open within the newly restored Hotel Merrydelle, which is a redevelopment of the former Ambassador Hotel that will operate as a Tribute Portfolio by Marriott hotel. Designed by architects including Morris Adjmi, SK+I, Elkus Manfredi and Cecconi Simone, Pearl Square will introduce more than 1,250 new apartments across four residential buildings, including 205 units at Vandeveer; 100,000 square feet of office space; …

August 3, 2026

Acquisitions North Carolina Retail Southeast

Marcus & Millichap Brokers $3.3M Sale of Retail Center in Metro Charlotte

by John Nelson August 3, 2026

INDIAN TRAIL, N.C. — Marcus & Millichap has brokered the $3.3 million sale of Village Shoppes, an unanchored retail strip center located at 323 Unionville Indian Trail Road in Indian Trail, about 16 miles southeast of Charlotte. A fund-based private equity group purchased the 12,075-square-foot property form a partnership based on the West Coast. Both parties requested anonymity. Harrison Creason, Andrew Margulies and Kyle Carpentier of Marcus & Millichap represented the seller in the transaction. Situated on a 2-acre lot near a Walmart Supercenter, Village Shoppes was fully leased at the time of sale to Little Caesars, a dentist practice, pet store and salon and a performing arts studio.

August 3, 2026

Development Indiana Midwest Multifamily Seniors Housing

Varcity to Open 239-Unit Retirement Community at Purdue University in West Lafayette

by Kristin Harlow August 3, 2026

WEST LAFAYETTE, IND. — Varcity has unveiled plans to open Varcity at Purdue, a 239-unit, university-based retirement community within Purdue University’s Discovery Park District. Developed in partnership with Purdue University and the Purdue for Life Foundation, the property will bring a new generation of residents to campus. Varcity calls the concept “Retirement Renaissance” and says it creates “a lifestyle built around lifelong learning, meaningful relationships, wellness and continued purpose.” The 13.5-acre project will include villas, townhomes, stacked flats and concierge residences. The community will be co-developed with Atlanta-based Carter and professionally managed by Western States Lodging. Reach Architects and Gensler designed the property. The developer also says Varcity at Purdue represents a new model for higher education partnerships. “By activating underutilized university land, campuses gain a sustainable revenue source while creating opportunities for students through internships, mentorship, healthcare experiences, hospitality and daily intergenerational engagement.” Residents of Varcity could attend lectures from faculty, cheer on the Boilermakers, mentor students, take continuing education classes, enjoy concerts and performances or volunteer their time. Varcity at Purdue marks the first in a growing national portfolio. A second community at Texas A&M University is currently in development, with groundbreaking anticipated in early 2027.

August 3, 2026

Development Midwest Multifamily Wisconsin

Irgens Breaks Ground on 204-Unit Viridia Apartments in Wauwatosa, Wisconsin

by Kristin Harlow August 3, 2026

WAUWATOSA, WIS. — Irgens has broken ground on Viridia Apartments, the company’s first multifamily development, at 10600 W. Wisconsin Ave. in Wauwatosa. The four-story, 204-unit market-rate community will serve as the final component of a larger, 14-acre mixed-use redevelopment by Irgens in the Milwaukee County Research Park. The name Viridia is derived from the Latin word “viridis,” symbolizing nature, growth, renewal and vitality. The property will include a mix of studio, one-, two- and three-bedroom units. Planned amenities include a pool, underground heated parking, a clubroom, fitness center, yoga studio, coworking spaces, a pet run and adjacency to walking trails and a public park. Initial occupancy is slated for November 2027. Irgen’s mixed-use development began with the acquisition, redevelopment and repurposing of a former United Healthcare office building in Milwaukee County Research Park. Additional development on the site includes the revitalized office building, a fully leased retail building and a medical office building. When complete, the development is expected to be valued at more than $100 million. Viridia Apartments is financed with lending from Fifth Third Bank, tax-increment financing from the City of Wauwatosa and equity funding from private investors. The project team includes EUA as architect, Greenfire as general …

August 3, 2026

Acquisitions Midwest Multifamily Wisconsin

Marcus & Millichap Brokers $15M Sale of Multifamily Property in Schofield, Wisconsin

by Kristin Harlow August 3, 2026

SCHOFIELD, WIS. — Marcus & Millichap has brokered the $15 million sale of Schofield Mill Apartments, an 84-unit multifamily property in Schofield within central Wisconsin. The property is situated on 1.5 acres along the Eau Claire River. Built in 2022, the community features a mix of one-, two- and three-bedroom floor plans across roughly 100,000 rentable square feet. Dan Bowar of Marcus & Millichap represented the seller, Schofield Mill Apartments LLC, and procured the buyer, a Wisconsin-based investor.

August 3, 2026

Acquisitions Industrial Midwest Ohio

Brennan Investment Group Buys 140,000 SF Industrial Facility in Dayton, Ohio

by Kristin Harlow August 3, 2026

DAYTON, OHIO — Brennan Investment Group has purchased a 140,000-square-foot industrial facility in Dayton within the Springboro South submarket. The property sits minutes from the I-75 and Austin Landing interchange. Constructed in 2000 on approximately 12 acres, the modern precast facility includes 125 parking spaces with the flexibility to accommodate future trailer parking if needed. At closing, the property will be fully leased under a long-term net lease to Killer Brownie, an Ohio-based dessert manufacturer.

August 3, 2026

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