Thursday, April 9, 2026
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DevelopmentLouisianaOfficeSoutheast

KDC Delivers $31M Operations Center in Ruston, Louisiana for JPMorgan Chase

by John Nelson

RUSTON, LA. — KDC has delivered a 50,000-square-foot call center and operations hub for JPMorgan Chase in Ruston, a north Louisiana city located about 68 miles east of Shreveport via I-20. The $31 million Chase Operations Center is an extension of an existing customer support center in Monroe, which is about 32 miles east of Ruston. Situated on 5 acres along Woodward Avenue, the facility opened with 50 employees and has the capacity to grow to 200. The design-build team includes architect HKS and general contractor Lincoln Builders Inc.

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HealthcareLoansTexas

Cushman & Wakefield Arranges $4.5M Loan for Refinancing of Houston Medical Office Building

by Taylor Williams

HOUSTON — Cushman & Wakefield has arranged a $4.5 million loan for the refinancing of Two Harbor Square, a 26,670-square-foot medical office building in Houston. The property was 94.5 percent leased at the time of the loan closing. Tyler Morss of Cushman & Wakefield arranged the loan through Amegy Bank on behalf of the owner, Miami-based healthcare investment firm Creative Equities.

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Eighty-Nine-Dekalb-Brooklyn
DevelopmentMultifamilyNew YorkNortheast

RXR Begins Leasing 30-Story Apartment Building Near Downtown Brooklyn

by Taylor Williams

NEW YORK CITY — Local developer RXR has begun leasing Eighty Nine Dekalb, a 30-story apartment building located at the nexus of Brooklyn’s downtown area and Fort Greene neighborhood. Designed by local architecture firm Perkins Eastman, the development will have 324 units, 98 of which will be subject to income restrictions. Units will come in studio, one- and two-bedroom floor plans, with private terraces/balconies available in select residences. Amenities will include a fitness center, community lounge, designated dining area, library, coworking spaces, podcast studio, screening room, pet spa, an outdoor fitness space and two patios with grilling stations. Eighty Nine Dekalb will also feature 55,000 square feet of academic and office space for Long Island University. Full completion is slated for early 2026. Rents start at roughly $3,800 per month for a studio apartment.

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AcquisitionsIndustrialNew JerseyNortheast

Terreno Realty Sells Industrial Property in South Brunswick, New Jersey, for $144.2M

by Taylor Williams

SOUTH BRUNSWICK, N.J. — San Francisco-based investment firm Terreno Realty Corp. has sold a 603,000-square-foot industrial property in South Brunswick, about 45 miles south of Manhattan, for $144.2 million. The property address was not disclosed. Terreno bought the original property consisting of 413,000 square feet in 2010 for $22.5 million. In 2013, Terreno acquired the adjacent land and expanded the building by 190,000 square feet. The buyer was also not disclosed.

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LoansMultifamilyNew YorkNortheast

ACRES Capital Provides $40.7M Loan for Refinancing of Brooklyn Apartment Building

by Taylor Williams

NEW YORK CITY — ACRES Capital has provided a $40.7 million loan for the refinancing of The Eve, a 76-unit apartment building located in the Crown Heights neighborhood of Brooklyn. The Eve is a seven-story, newly constructed building that offers elevator service and a mix of studio, one- and two-bedroom units. Amenities include a fitness center, resident lounge, children’s playroom, rooftop deck, pet washing station and various outdoor recreational spaces. The name of the borrower was not disclosed.

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DevelopmentIndustrialNortheastPennsylvaniaSelf-Storage

Inland, Devon Complete Self-Storage Redevelopment in Philadelphia

by Taylor Williams

PHILADELPHIA — Inland Real Estate Investment Corp. and Devon Self Storage, which are both part of The Inland Real Estate Group of Cos., have completed a redevelopment project at 5200 Unruh Ave. in northeast Philadelphia. The project converted the former Moulton Ladder Manufacturing Co. facility, which was first built in 1900 adjacent to the Delaware River, into a self-storage facility. The five-story building features 88,000 net rentable square feet of climate-controlled space across 932 units.

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AcquisitionsMultifamilyNew YorkNortheast

Marcus & Millichap Brokers $13.5M Sale of Lower Manhattan Apartment Building

by Taylor Williams

NEW YORK CITY — Marcus & Millichap has brokered the $13.5 million sale of a 28-unit apartment building on Manhattan’s Lower East Side. The six-story, recently renovated building at 135 Eldridge St. was originally constructed in 1900 and includes two commercial spaces that are leased to Akiko Nails and Ha’s Dac Biet. Joe Koicim and Logan Markley of Marcus & Millichap represented the undisclosed seller in the transaction. The buyer and sales price were also not disclosed.

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West-101-Logistics-Center-Phoenix-AZ
ArizonaDevelopmentIndustrialWestern

TCC Breaks Ground on 1.1 MSF West 101 Logistics Center in Phoenix

by Amy Works

PHOENIX — Trammell Crow Co. (TCC) has broken ground on West 101 Logistics Center, a 1.1 million-square-foot industrial development in Phoenix. The five-building speculative project is slated for completion by summer 2026. Located at the southeast corner of Arizona State Route 101 and East Indian School Road, West 101 Logistics Center will include: All five buildings will include abundant auto parking and power, speculative office space, LED lighting, oversized end-cap grade-level doors, full HVAC implementation and freeway-fronting signage opportunities. Building 3 will feature a clear height of 36 feet, while the others will include a clear height of 32 feet. La Caisse (formerly CDPQ) is providing project debt. CBRE will lead marketing and leasing efforts for the entire development.

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1840-Gateway-San-Mateo-CA
AcquisitionsCaliforniaOfficeWestern

Cushman & Wakefield Brokers $16.2M Sale of 1840 Gateway Office Building in San Mateo, California

by Amy Works

SAN MATEO, CALIF. — Cushman & Wakefield has arranged the sale of 1840 Gateway, a Class A office property in San Mateo. Monday Properties sold the asset to SC Properties for $16.2 million. Gary Boitano, Ryan Venezia, Steve Herman, Jack Depuy, Seth Siegel, Scott Prosser and Courtney Trunnell of Cushman & Wakefield represented the seller and the buyer in partnership with Clarke Funkhouser of JLL. The four-story property offers 70,098 square feet of office space, as well as a recently renovated gym facility with showers. Approximately 75 percent of the building’s square footage is finished as high-end creative space, including renovated restrooms and polished concrete floors. The property also offers a multi-story glass-enclosed lobby and flexible zoning that allows for potential redevelopment to residential use.

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DevelopmentMontanaMultifamilySeniors HousingWestern

Trident Development Plans New Seniors Housing Community in Missoula, Montana

by Amy Works

MISSOULA, MONT. — Trident Development is underway on plans for a new senior living community in Missoula. Situated within the Old Sawmill District, the property will feature independent living, assisted living and memory care residences. Trident’s partner, Lifespark Senior Living, will manage the community. Trident plans to break ground on the development in 2026. 

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