Property Type

Cushman & Wakefield Brokers $7.3M Sale of Cascade Apartments in Rochester, Minnesota

by Kristin Harlow September 9, 2026

ROCHESTER, MINN. — Cushman & Wakefield has brokered the $7.3 million sale of Cascade Apartments, a 44-unit property in Rochester. Chris Collins, Lance Steiger, Evan Miller and Erin Salway of Cushman & Wakefield represented the seller, Patina Management. The buyer was Black Swan Living. Completed in 2016, the property features a mix of studio, one- and two-bedroom units with an average size of 839 square feet. At the time of sale, the asset was fully leased. The property recently underwent capital improvements, including a new roof in 2023.

September 9, 2026

Acquisitions Industrial Midwest Ohio

Stone Bridge Investment Group Acquires 135,303 SF Industrial Portfolio Near Akron, Ohio

by Kristin Harlow September 9, 2026

JACKSON TOWNSHIP, OHIO — Stone Bridge Investment Group has acquired a two-building industrial portfolio at 7774 and 7810 Whipple Ave. NW in Jackson Township, south of Akron. The properties total 135,303 square feet. Landon Williams and Ryan Thomas of Cushman & Wakefield Commercial Advisors and George Pofok, Eliiot Kijewski and Cole Sorenson of Cushman & Wakefield CRESCO Real Estate represented the seller, Industrial Commercial Properties. Christopher Tichio of Alexander Summer represented the buyer.

September 9, 2026

Leasing Activity New Hampshire Northeast Retail

Four New Tenants Sign Leases at Tuscan Village in Salem, New Hampshire

by Taylor Williams September 9, 2026

SALEM, N.H. — Four new tenants have signed leases at Tuscan Village, a 170-acre mixed-use development in Salem, approximately 30 miles north of Boston, that is a redevelopment of the former Rockingham Park horseracing complex. The new tenants are Whole Foods Market, wellness and recovery studio SWTHZ, gift and lifestyle boutique Festa Studio and fashion brand Free People. Tentative opening dates were not announced.

September 9, 2026

Acquisitions Hospitality South Carolina Southeast

Procaccianti, Rugger Capital Acquire 217-Room Charleston Harbor Resort

by John Nelson September 9, 2026

MOUNT PLEASANT, S.C. — A joint venture between Procaccianti Cos. and Rugger Capital has acquired Charleston Harbor Resort, a 217-room hotel on Cooper River and Charleston Harbor in Mount Pleasant. The new ownership has tapped TPG Hotels & Resorts to operate the property and is considering a value-add program to boost revenue at the waterfront hotel. Additionally, Suntex Marina Investors purchased the adjacent Charleston Harbor Marina, which has more than 450 slips that can accommodate vessels ranging from recreational cruisers to superyachts. Suntex will operate the marina separately from Charleston Harbor Resort. Cincinnati-based American Financial Group sold both properties for a combined $182.5 million, according to The Post and Courier.

September 9, 2026

Development Florida Hospitality Loans Southeast

IPA Arranges $75.1M Recapitalization for Monroe Hotel in Miami Beach

by John Nelson September 9, 2026

MIAMI BEACH, FLA. — IPA Capital Markets, a division of Marcus & Millichap, has arranged the $75.1 million recapitalization of The Monroe Hotel, an 89-room luxury boutique hotel underway in Miami Beach. Situated in the city’s Faena District, the property is a $125.5 million redevelopment of 3010 Collins Ave. and is slated to open in 2027. The property will include a full-service restaurant and bar, rooftop bar and event venue, in-house recording studio, pool with outdoor dining space, spa, fitness center and private beach service provided by Boucher Brothers. The recapitalization included $44 million in C-PACE financing from Nuveen Green Capital, $24.8 million in construction debt from City National Bank, $6.3 million in bridge financing from Midland States Bank and historic tax credit equity financing from PNC Bank. Bobby Werhane and Scott Raasch of IPA Capital Markets arranged the financing package for the undisclosed borrower.

September 9, 2026

Development Industrial North Carolina Southeast

Davis Cos., Intersect to Develop 462,000 SF Industrial Facility in Gastonia, North Carolina

by John Nelson September 9, 2026

GASTONIA, N.C. — A joint venture between The Davis Cos. and Intersect Development Group has plans to develop a 462,000-square-foot industrial facility located at 2550 Jenkins Dairy Road in Gastonia, a western suburb of Charlotte along I-85. The cross-dock building, which can accommodate logistics or manufacturing users, will feature 40-foot clear heights, 100 dock doors, 215 trailer parking spaces, 328 auto parking spaces, ESFR sprinkler system and a secured truck court. Davis and Intersect plan to deliver the project in January 2027.

September 9, 2026

Development Florida Multifamily Southeast

Eastwind Breaks Ground on 264-Unit Multifamily Development on Florida’s Space Coast

by John Nelson September 9, 2026

MELBOURNE, FLA. — Eastwind Development has broken ground on The Aston at Longleaf, a 264-unit multifamily development in Melbourne, a city on Florida’s Space Coast. The 17-acre project will be situated on Preserve Drive. Eastwind previously secured a $45.5 million construction loan from TD Bank. The developer plans to deliver the first units in late 2027 and fully deliver the community by mid-2028. Amenities will include a 10,000-square-foot clubhouse, 24-hour fitness center, coworking lounge, multi-sport gaming simulator room, resort-style swimming pool, outdoor kitchen, firepit, yoga lawn and a dog park with an adjacent pet spa. The design-build team includes FaverGray, FK Architecture, Kimley-Horn, Innovations Design Group and R Shana Designs.

September 9, 2026

Acquisitions California Office Top Stories

Broadcom Acquires Corporate Campus in Southern California for $325M

by Hayden Spiess September 9, 2026

IRVINE, CALIF. — Semiconductor and infrastructure software company Broadcom Inc. (NASDAQ: AVGO) has completed the acquisition of its Southern California campus located in Irvine for $325 million. Washington, D.C.-based PRP Real Assets was the seller. Developed in 2017 and 2018, the campus was built as the corporate headquarters for Broadcom, which occupies the property on a net-lease basis. PRP Real Assets has owned the campus since 2020. Situated within the Irvine Spectrum District, the Broadcom Corporate Campus totals 660,893 square feet and features two five-story office buildings. Gensler designed the 9.6-acre campus, which also features nearly 3,000 parking spaces. According to PRP Real Assets, the property benefits from its location near retail, dining, hotels and public transportation, with the latter including the Irvine Station. “Broadcom’s decision to acquire the campus underscores the property’s importance to the company’s operations and validates the principles behind our mission-critical net lease strategy,” says Paul Dougherty, president of PRP Real Assets. “The campus combines a high-quality asset, a strong tenant and an irreplaceable location in one of the nation’s leading technology markets.” PRP Real Assets is a privately held real estate investment and management company. Founded in 2005, the firm has acquired more than $6 …

September 9, 2026

Affordable Housing Development Multifamily Texas

NRP Group Breaks Ground on 336-Unit Affordable Housing Project in Southeast Austin

by Taylor Williams September 8, 2026

AUSTIN, TEXAS — The NRP Group, a Cleveland-based multifamily developer, has broken ground on Catalina, a 336-unit affordable housing project in southeast Austin. Developed in partnership with the Housing Authority of Travis County, Catalina will consist of 12 three-story buildings that will house one-, two-, three- and four-bedroom units. Residences will be reserved for households earning between 30 and 70 percent of the area median income. Amenities will include a pool, fitness center, business center, a multipurpose community room, children’s activity room, playground and various green spaces and outdoor seating areas throughout. Residents will also have access to services such as afterschool care, financial literacy courses, ESL (English as a second language) classes and first-time homebuyer programs. The first units are expected to be available for occupancy next fall, with full completion slated for spring 2028.

September 8, 2026

Loans Multifamily Texas

Walker & Dunlop Arranges $46.5M Loan for Refinancing of Metro Austin Apartment Community

by Taylor Williams September 8, 2026

LEANDER, TEXAS — Walker & Dunlop has arranged a $46.5 million bridge loan for the refinancing of River Junction, a 329-unit apartment community located in the northern Austin suburb of Leander. Completed in 2024, River Junction comprises 15 buildings that house one-, two- and three-bedroom apartments, as well as 17 townhomes. Amenities include a pool, fitness center, clubhouse, coworking space, pet park and outdoor grilling and dining stations. Patrick Short and Clay Colvill of Walker & Dunlop arranged the floating-rate, interest-only loan through Bridge Investment Group on behalf of the undisclosed owner.

September 8, 2026

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