Property Type

Wells Fargo Provides $224.3M in Bridge Financing for Queens Apartment Tower

by Taylor Williams January 27, 2026

NEW YORK CITY —Wells Fargo has provided $224.3 million in bridge financing for The Italic, a 50-story apartment tower in the Long Island City area of Queens. Designed by SLCE Architects and built by Hunter Roberts Construction Group, the building houses 363 units in studio, one-, two- and three-bedroom units, with 109 residences designated as affordable housing. Amenities include a communal lounge, fitness center, golf simulators, a basketball court, coworking spaces and a rooftop terrace. The building also houses commercial space. Construction on The Italic topped out in late 2023, and leasing launched in spring 2025. Christopher Peck, Nicco Lupo, Michael Shmuely and Alex Staikos of JLL arranged the financing on behalf of the owner, a joint venture between Fetner Properties, Lions Group and The Carlyle Group. JLL also arranged the original construction loan for the project in spring 2023.

January 27, 2026

Development Loans Multifamily Northeast Pennsylvania

Eastdil Secured Arranges $140.7M in Construction Financing for Metro Philadelphia Multifamily Project

by Taylor Williams January 27, 2026

ARDMORE, PA. — Eastdil Secured has arranged $140.7 million in construction financing for a 270-unit multifamily project in Ardmore, a northwestern suburb of Philadelphia. The development is known as The Plaza at Ardmore, and the financing consists of a $112.6 million senior loan from Bank OZK and a $28.1 million mezzanine loan from Affinius Capital. Units will come in studio, one-, two- and three-bedroom floor plans. Amenities will include a pool, outdoor grilling and dining stations, a fitness center and dedicated coworking and private study spaces, as well as 30,000 square feet of ground-floor retail space. Nick Seidenberg of Eastdil Secured arranged the financing on behalf of the borrower, an affiliate of Piazza Auto Group, which has partnered with Radnor Property Group for the overseeing of development and construction of the project. A tentative completion date was not announced.

January 27, 2026

Acquisitions New Hampshire Northeast Retail

Torrington Buys Retail Power Center in Rochester, New Hampshire for $51.3M

by Taylor Williams January 27, 2026

ROCHESTER, N.H. — Locally based investment firm Torrington has purchased The Ridge, a 300,000-square-foot retail power center in Rochester, located along the Maine-New Hampshire border, for $51.3 million. The Ridge is an open-air center that is home to approximately 30 tenants, including Walmart, Market Basket, Marshalls, Hobby Lobby, Old Navy, NH Liquor & Wine Outlet, 110 Grill, Ulta Beauty and Gentle Dental. Waterstone Properties was the seller.

January 27, 2026

Development Industrial New Jersey Northeast

Hillwood Breaks Ground on Spec Industrial Project in Hamilton, New Jersey

by Taylor Williams January 27, 2026

HAMILTON, N.J. — Texas-based developer Hillwood has broken ground on a speculative industrial project in Hamilton, located outside of Trenton in Central New Jersey. The square footage was not disclosed. The 36-acre site at 2772 Kuser Road is located less than two miles from Exit 7A off the New Jersey Turnpike, and the building will feature a clear height of 36 feet. Completion is slated for the third quarter. Cushman & Wakefield has been named as the leasing agent.

January 27, 2026

Acquisitions California Multifamily Western

Bascom Northwest Divests of Tempo at Riverpark Apartments in Oxnard, California for $105M

by Amy Works January 27, 2026

OXNARD, CALIF. — Bascom Northwest Ventures, through an affiliate venture, has completed the sale of Tempo at Riverpark Apartments in Oxnard, to a venture led by Hines for $105 million. Blake Rogers, Alex Caniglia and Kip Malo of JLL handled the transaction. Apartment Management Consultants managed the community for Bascom Northwest over the holding period. Located less than one mile from the Pacific Ocean, Tempo at Riverpark features 235 apartments with in-unit laundry, stainless steel appliances, custom sliding barn doors, large bedrooms, spacious open floor plans and balconies or patios. Community amenities include an outdoor pool and spa, poolside cabanas, an outdoor barbecue area and fireplace, a 24/7 fitness center, yoga/spinning room and attached garages. Bascom Value Added Apartment Investors Fund IV, an affiliate of The Bascom Group, and a private investment group led by Bascom Northwest purchased the property for $75.2 million in 2028. Brian Wirtz of Bascom Northwest assisted throughout the investment execution process.

January 27, 2026

Acquisitions District of Columbia Office Southeast

Carr Properties, Barings Purchase 12-Story Office Building in Downtown D.C.

by John Nelson January 27, 2026

WASHINGTON, D.C. — A partnership between Carr Properties and Barings has purchased a 12-story office building located at 1401 New York Ave. NW in downtown Washington, D.C. Eastdil Secured represented the undisclosed seller in the transaction. The sales price was also not disclosed. The new ownership plans to fully renovate the 211,500-square-foot building with a new enclosed amenity space on the rooftop, as well as upgrades to the office building’s lobby, fitness center and conference facilities. Current tenants at the LEED Gold-certified building include Boies Schiller Flexner, Capstone, Vedder Price and Nossaman.

January 27, 2026

Loans Multifamily Nevada Western

Walker & Dunlop Secures $75M Refinancing for Multifamily Community in North Las Vegas

by Amy Works January 27, 2026

NORTH LAS VEGAS, NEV. — Walker & Dunlop has arranged a $75 million loan for the refinancing of North Park Living, a two-story, walk-up apartment property in North Las Vegas. Justin Nelson, Eric Norris, PJ Feichtmeier and Jared Diedrich of W&D Capital Markets refinanced the loan on behalf of SRB Living LLC. The team secured the floating-rate, interest-only permanent debt loan from Benefit Street Partners. Located at 4100 Scott Robinson Blvd., North Park Living offers 380 one-, two- and three-bedroom floor plans with direct access entrances. Situated just north of the Las Vegas strip, the property provides direct access to I-15, local and national retailers and major employment centers.

January 27, 2026

California Loans Retail Western

Northmarq Arranges $35.7M Bridge Loan for Conejo Valley Plaza Retail Center in Thousand Oaks, California

by Amy Works January 27, 2026

THOUSAND OAKS, CALIF. — Northmarq has arranged $35.7 million in financing for Conejo Valley Plaza, a grocery-anchored retail center in Thousand Oaks. The borrower is Gerrity. Matt Radich and Mason Brower of Northmarq’s Debt + Equity team secured the bridge loan through Northmarq’s long-standing relationship with New York Life. The transaction was structured on a five-year term with interest-only payments for the full term. Situated on 12.3 acres at 1388-1416 N. Moorpark Road, Conejo Valley Plaza offers 128,243 square feet of retail space. The property was built in 1983 and renovated in 2005. Current tenants include Ralphs, Toppers Pizza, Poke Land and Rise Southern Biscuits.

January 27, 2026

Acquisitions Florida Retail Southeast

PEBB, Topvalco Sell Sprouts-Anchored Shopping Center in South Florida for $30M

by John Nelson January 27, 2026

DELRAY BEACH, FLA. — A joint venture between PEBB Enterprises and Cincinnati-based Topvalco Inc. has sold Delray Landing, a shopping center located at 5024-5070 W. Atlantic Ave. in Delray Beach. Sprouts Farmers Market anchors the shopping center, whose tenant roster also includes Retro Fitness, Keke’s Breakfast Café, CJ’s Sports Bar & Grill and Good Vets. An entity doing business as 30 Realty LLC purchased the shopping center for $30 million. Eric Williams and Cole Frantz of Newmark represented the seller in the transaction. During their ownership period, PEBB and Topvalco fully renovated Delray Landing to feature a new façade and roof and upgraded parking, lighting, signage and landscaping.

January 27, 2026

Acquisitions Arizona Multifamily Western

Investors Capital Group Acquires Vertical East Apartments in Tucson for $22M

by Amy Works January 27, 2026

TUCSON, ARIZ. — Vertical Street Ventures has sold Vertical East Apartments in Tucson to Seattle-based Investors Capital Group for $22 million. Clint Wadlund, Hamid Panahi, Steve Gebing and Cliff David of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller. The property was developed in 2001 and is comprised of two- and three-bedroom floor plans. Community-wide amenities include a pool and hot tub, a picnic area and a dog park.

January 27, 2026

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