Property Type

Milhaus Completes Merger With SRG Residential, Agrees to Acquire Broadshore Capital

by John Nelson July 14, 2026

INDIANAPOLIS AND LOS ANGELES — Milhaus, a multifamily developer and operator based in Indianapolis, has completed its merger with SRG Residential, a subsidiary of Sares Regis Group based in Newport Beach. The combined company totals 1,400 employees and includes 50,000 apartments under management — 46,000 of which come from 190 properties managed by SRG Residential — as well as a development pipeline exceeding $2.5 billion. The combined company, which will be operated under the Milhaus platform, plans to start eight development projects this year totaling more than 2,000 new units in Southern California, Denver and Phoenix, giving Milhaus a presence in more than 20 markets across the country. Chris Payne, former CEO of SRG Residential, joins Milhaus as both the chief development officer and a shareholder. Jeff Bailey, president of property management at SRG Residential and a shareholder, now leads the property management group at Milhaus. “This partnership is a natural fit,” says Tadd Miller, CEO of Milhaus. “SRG Residential brings a best-in-class, high-touch approach to property management and operations along with a quality development pipeline and seasoned leadership, while Milhaus contributes a high-quality owned portfolio and disciplined development and capital markets infrastructure.” “We are unlocking powerful synergies and long-term opportunities …

July 14, 2026

Market Reports Multifamily New York Northeast Northeast Market Reports Texas Texas Market Reports

Two Cures for High Rent

by Taylor Williams July 14, 2026

By Jack Stone, managing director, Greysteel In the last week of June, two things happened in the American multifamily market that belong side by side: New York froze rents, and the Dallas Fed confirmed that Texas is drowning in apartments. One of those scenarios involves a market correcting itself. The other is a market being told to stop. In New York, the Rent Guidelines Board voted seven to one to freeze rents on roughly 1 million rent-stabilized apartments, including zero percent on one- and two-year leases, the first two-year freeze in the board’s history. That action impacts about a quarter of all housing inventory in the city and roughly 40 percent of its rental units. In Texas, markets have kept doing what they’ve been doing for two years: bleeding. Both states are wrestling with the same underlying problem. Rents got too high for many people to afford. The difference is what each one decided to do about it, and that difference is the whole story. Texas is in pain, and the pain is honest. The Dallas Fed put numbers to it this spring. A pandemic-era construction boom, cheap money and aggressive bank lending dumped a historic wave of units onto …

July 14, 2026

Features Retail

Retail Real Estate Enters New Era of Confidence, Say JLL Survey Takers

by Abby Cox July 14, 2026

CHICAGO — After years of uncertainty fueled by inflation, rising interest rates and changing consumer behavior, retail real estate has entered a notably different phase. According to JLL’s 2026 U.S. Retail Thematic Outlook and Investor Survey, the sector is no longer in recovery mode — it’s operating from a position of strength. Retail activity surged in the first quarter of the year as transaction volume hit $13.5 billion, a 5 percent year-over-year increase. Concurrently, the trailing 12-month volume climbed to $62 billion, representing a 31 percent increase over the previous period. Retail now accounts for its highest share of U.S. sector investment in a decade, sitting at 14 percent. The survey of nearly 150 retail investors paints a picture of a market supported by historically limited new supply, healthy consumer demand and renewed investor confidence. While broader economic concerns remain, the outlook suggests retail has become one of commercial real estate’s most compelling investment narratives, driven by strong fundamentals. One of the clearest indicators of that confidence is investor appetite. Nearly two-thirds (64 percent) of respondents said they expect to increase retail acquisitions in 2026, while fewer than half (48 percent) anticipate selling more assets. The imbalance between buyers and …

July 14, 2026

Development Multifamily Texas

StreetLights Residential Completes 134-Unit Apartment Building in Houston

by Taylor Williams July 13, 2026

HOUSTON — Dallas-based developer StreetLights Residential has completed The Langley, a 134-unit apartment building located near Rice University in Houston’s Museum District. The Langley is a 20-story building that houses two- and three-bedroom units that range in size from 2,165 to 3,396 square feet. Residences are furnished with walk-in closets, wine coolers, various smart technology features and service kitchens with secondary refrigerators. Outdoor amenities include a pool, grilling and dining stations, outdoor yoga space and a dog run. Indoors, residents have access to a fitness center, lounge, library, coffee bar, conference room and a mailroom. Leasing began in February. Monthly rents start at $9,480.

July 13, 2026

Acquisitions Retail Texas

JLL Brokers Sale of 72,184 SF Shopping Center in Northwest Houston

by Taylor Williams July 13, 2026

HOUSTON — JLL has brokered the sale of Vintage Marketplace, a 72,184-square-foot shopping center in northwest Houston. Whole Foods Market anchors the center, which was roughly 95 percent leased at the time of sale. Other tenants include Torchy’s Tacos, Orangetheory Fitness, MOD Pizza, Jersey Mike’s and Nothing Bundt Cakes. Ryan West, Chris Gerard and Erin Lazarus of JLL represented the undisclosed seller in the transaction. The buyer was Brixmor Property Group.

July 13, 2026

Industrial Leasing Activity Lee & Associates Texas

Hawk Logistics Signs 26,707 SF Industrial Lease in East Fort Worth

by Taylor Williams July 13, 2026

FORT WORTH, TEXAS — Hawk Logistics has signed a 26,707-square-foot industrial lease in East Fort Worth. The space is located within Building 1 of the Riverbend East development. Tomas Wilson, Alex Wilson and Mark Graybill of Lee & Associates represented the tenant in the lease negotiations. Steve Trese and Brian Gilchrist of CBRE, along with Wilson Brown of HPI Real Estate Services & Investments represented the landlord, Leon Capital.

July 13, 2026

Industrial Leasing Activity Lee & Associates Texas

Lee & Associates Negotiates 20,092 SF Industrial Lease in McKinney, Texas

by Taylor Williams July 13, 2026

MCKINNEY, TEXAS — Lee & Associates has negotiated a 20,092-square-foot industrial lease in the northern Dallas suburb of McKinney. The space is located within Building 2 at McKinney Trade Center. Brett Lewis and Taylor Stell of Lee & Associates represented the tenant, Blount Fine Foods Corp., in the lease negotiations. Ken Wesson and Adam Graham, also with Lee & Associates, represented the landlord, Chicago-based ML Realty Partners.

July 13, 2026

Acquisitions New York Northeast Office Retail

Spear Street Capital Buys Lower Manhattan Office, Retail Building for $50.5M

by Taylor Williams July 13, 2026

NEW YORK CITY — San Francisco-based investment firm Spear Street Capital has purchased 76 Eighth Avenue, a 10-story office and retail building in Lower Manhattan, for $50.5 million. The 35,620-square-foot building was completed in 2022 and was fully leased at the time of sale, with Wells Fargo occupying the retail space. Andrew Scandalios, David Giancola, Vickram Jambu, Drew Isaacson and Jennifer Zelko of JLL represented the seller, G4 Capital Partners, in the transaction. Aaron Niedermayer, Peter Rotchford and Christopher Pratt, also with JLL, arranged $27.7 million in acquisition financing for the deal through DekaBank.

July 13, 2026

Acquisitions Development Multifamily New York Northeast

JLL Negotiates $25.1M Sale of Two Multifamily Development Sites in Brooklyn

by Taylor Williams July 13, 2026

NEW YORK CITY — JLL has negotiated the sale of two multifamily development sites in the Crown Heights area of Brooklyn for a combined price of $25.1 million. The sites at 1029 Dean St. and 1104 Pacific St., which traded in separate off-market deals, have a combined buildable square footage of about 129,000 square feet. Mike Mazzara, Ethan Stanton and Brendan Maddigan of JLL represented the undisclosed sellers in both transactions and procured the buyer, a partnership between Castell Group and Montgomery Street Partners. Specific plans for future development of the sites, which are earmarked for “large-scale” projects, were not disclosed.

July 13, 2026

Leasing Activity New York Northeast Office

Energy Capital Partners Signs Office Lease Expansion in Lower Manhattan

by Taylor Williams July 13, 2026

NEW YORK CITY — Energy Capital Partners has signed an office lease expansion in Lower Manhattan. The infrastructure investment firm previously occupied the entire 58th floor of One World Trade Center and has now taken the entire 59th floor, yielding a total footprint of 70,425 square feet. Eric Zemachson and Corey Borg of Newmark represented the tenant in the lease negotiations. David Falk, Peter Shimkin, Hal Stein, Nathan Kropp and Paige Raisides, also with Newmark, along with internal agents Eric Engelhardt, Karen Rose and Sayo Kamara, represented the landlord, The Durst Organization, which developed One World Trade Center in partnership with The Port Authority of New York and New Jersey

July 13, 2026

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