Property Type

Anderson Real Estate Completes $550M Refinancing for Two Office Towers in Los Angeles

by John Nelson October 13, 2026

LOS ANGELES — Anderson Real Estate, a private, family-owned real estate development and management firm, has completed the $550 million refinancing of Anderson Towers, the company’s two-building office campus in Los Angeles’ Century City neighborhood. Eastdil Secured Savills arranged the financing on behalf of Anderson. Wells Fargo served as primary lender and servicer, while JPMorgan Chase was secondary lender in the refinancing. Legal counsel for the transaction included Allen Matkins for Anderson Real Estate and Hogan Lovells Cadwalader for the lenders. Since 2021, Anderson Real Estate has invested more than $300 million into renovations at Anderson Towers, which is located at 1800 and 1900 Avenue of the Stars. “We’ve invested in Anderson Towers because we believe deeply in the long-term strength of Century City and in creating office environments that will continue to attract leading companies to Los Angeles,” says Matt Lavin, executive chairman of Anderson Real Estate. “This financing represents another important milestone for Anderson Towers and underscores our long-term commitment to these properties and the broader Los Angeles community.” Anderson Real Estate completed its comprehensive renovations at Anderson Towers last year. David Montalba of Montalba Architects and Dillon Diers of OJB Landscape Architecture led the redesign, which included modernized …

October 13, 2026

Market Reports Northeast Northeast Market Reports Pennsylvania Retail

Strong Tenant Sales Keep Philadelphia Retail Market Humming

by Taylor Williams October 13, 2026

By Taylor Williams “People are still spending money.” That’s what Nick Skeparnias, principal at Agora Commercial Realty Partners, a full-service advisory and development firm, identifies as the single-biggest point of optimism about the state of the greater Philadelphia retail market. According to data from the U.S. Commerce Department, U.S. retail sales totaled roughly $774 billion in August, a 1.2 percent increase over the previous month. The Wall Street Journal also reports that spending in discretionary categories of retail, namely electronics and appliances, rose by 1.6 percent in August versus July. And according to both The Journal and Breitbart, the actual volume of retail sales in August exceeded economists’ expectations by anywhere from 40 to 70 basis points. Within Skeparnias’ simple, five-word declarative statement, there’s no question that “still” is the operative term. “Retail is only as good as the money that people have to spend on it,” he elaborates. “So when you consider the biggest concerns for this asset class, there’s nothing specific to retail itself, but issues that are more global. There’s always going to be something at the retail level; first it was e-commerce, then COVID-19. Now we have AI [artificial intelligence], and if that starts taking people’s …

October 13, 2026

Acquisitions California Multifamily Western

Hercules Development Partners Divests of Dylan Apartments Near Berkeley, California for $83.5M

by Amy Works October 12, 2026

HERCULES, CALIF. — Hercules Development Partners has completed the disposition of The Dylan, a 232-unit multifamily community in Hercules, about 10 miles north of Berkeley. Interstate Equities Corp. acquired the asset for $83.5 million. Ryan Wagner, Brandon Geraldo, Matt Kroger and Fatai Alashe of JLL Capital Markets represented the seller in the deal. Completed in 2022, the five-story community features 217 market-rate units and 15 below-market-rate units in a mix of studios, one- and two-bedroom layouts, averaging 804 square feet per unit. Onsite amenities include a lounge with community kitchen, a sports lounge featuring darts, billiards and foosball, a fitness center, resident courtyard featuring barbecue and fire pit areas and bike storage with a repair station. Additionally, Charles Halladay and Matt Cimino of JLL arranged a $54.3 million five-year acquisition loan through Freddie Mac for the buyer.

October 12, 2026

Acquisitions Hospitality Oregon Western

NewcrestImage Acquires 174-Key The Hotel Zags in Downtown Portland

by Amy Works October 12, 2026

PORTLAND, ORE. — Dallas-based NewcrestImage has purchased The Hotel Zags, a luxury lifestyle boutique property in downtown Portland. Terms of the transaction were not released. NewcrestImage will manage the property in-house. Situated in Portland’s Cultural District, The Hotel Zags features 174 guest rooms, 2,700 square feet of flexible meeting/event space, a free-play retro game arcade, curated collection of local artwork, complimentary nightly s’mores and a nature-focused courtyard with a living wall, lounge areas and fire pits, as well as a kid-friendly patio with sandbox and toys. The dog-friendly hotel also features an onsite casual restaurant, PLS on Sixth that offers American comfort food and cocktails, indoor/outdoor seating and two private dining rooms.

October 12, 2026

Affordable Housing California Development Multifamily Western

Alta Housing Breaks Ground on 108-Unit Affordable Housing Community in Mountain View, California

by Amy Works October 12, 2026

MOUNTAIN VIEW, CALIF. — Alta Housing has broken ground on La Bella, an affordable multifamily property in Mountain View’s Terra Bella neighborhood. Located at 1020 Terra Bella Ave. on a former industrial area, La Bella will feature 108 studio, one-, two- and three-bedroom apartments, each with secure storage space. Completion is slated for second-quarter 2028. Twenty-seven apartments will be reserved for households transitioning out of homelessness through California’s Santa Clara County’s Rapid Rehousing Program. Twenty-three units will include Section 8 Project-based vouchers, providing long-term housing stability for residents, and 10 apartments will be reserved for individuals with developmental disabilities. Income limits for La Bella will range from 30 percent to 60 percent of area median income. The six-story, all-electric building will include a ground-floor lobby and a multipurpose community room that opens onto a landscaped third-floor courtyard. The design incorporates children’s play areas, raised garden beds for community gardening, onsite laundry facilities and offices for property management, resident services and supportive services staff. Additionally, the property will offer 96 car parking spaces and 108 bicycle parking spots. The development team includes Van Meter Williams & Pollak as architect, Nibbi Brothers General Contractors, Alta Housing and Housing Choices Coalition as social services …

October 12, 2026

Acquisitions Colorado Office Western

Marcus & Millichap Brokers $3.1M Sale of The Center at Evergreen Office Property in Colorado

by Amy Works October 12, 2026

EVERGREEN, COLO. — Marcus & Millichap has arranged the sale of The Center at Evergreen, an office property in Evergreen. Good Signature sold the asset to Divine Homes for $3.1 million. Chadd Nelson and Brandon Kramer of Marcus & Millichap represented the seller, while Clayton Primm of Marcus & Millichap represented the buyer in the deal. Situated on 3 acres at 2922 Evergreen Parkway, The Center Evergreen features 45,729 square feet of office space. At the time of sale, the property was 80 percent occupied, with U.S. Bank being a tenant at the property since 1980.

October 12, 2026

Acquisitions Illinois Midwest Retail

Newmark Negotiates $30M Sale of Trophy Retail Property in Downtown Chicago

by Kristin Harlow October 12, 2026

CHICAGO — Newmark has arranged the $30 million sale of Block 37, a 277,654-square-foot trophy retail property located in downtown Chicago. Block 37 comprises five floors of retail space anchored by a mix of tenants including Zara, Sephora, AMC Theatres and The Dearborn, and a four-level underground parking garage. The property is situated within the larger Block 37 mixed-use development that also features residential and office towers. Keely Polczynski and Brian Schneiderman of Newmark represented the seller, CIM Group, in the transaction.

October 12, 2026

Acquisitions Midwest Missouri Multifamily

Northmarq Brokers Sale of 315-Unit Multifamily Community in Metro St. Louis

by Kristin Harlow October 12, 2026

MARYLAND HEIGHTS, MO. — Northmarq has arranged the sale of Whisper Hollow Apartments, a 315-unit garden-style multifamily community located at 12430 Whisper Hollow Drive in Maryland Heights. Dominic Martinez, Parker Stewart, Alex Malzone and Charlie McKee of Northmarq represented the seller, Banner Real Estate Group. The buyer was Monarch Investment and Management Group. Built in 1976 and renovated in 2018, Whisper Hollow sits on roughly 14.5 acres and features 13 three-story buildings. Floor plans include studio, one- and two-bedroom units. Apartments feature updated kitchens and bathrooms, stainless steel appliances, private entrances, hardwood-style floors, private patios or balconies, ceiling fans, energy-efficient doors and windows, and high-speed internet. Community amenities include a king-size pool with sundeck, fitness center and dry sauna, business center with coffee bar, clubhouse and game room, fenced-in park, surface parking, professional maintenance and office staff, tennis and pickleball courts, and a sand volleyball court. The property is adjacent to Quiet Hollow Park Fitness Court.

October 12, 2026

Development Mixed-Use Texas

PCD Receives Approval for 120-Acre Mixed-Use Development in Pearland, Texas

by Taylor Williams October 12, 2026

PEARLAND, TEXAS — Planned Community Developers (PCD) has received approval from the City Council of Pearland, a southern suburb of Houston, and has closed on the land for a 120-acre mixed-use development. The site is located at the nexus of U.S. Highway 288 and Beltway 8, and the development will be known as The Orchard. Plans currently call for 250,000 square feet of retail, dining and entertainment space, 150,000 to 300,000 square feet of office space and approximately 1,100 multifamily units and 100 single-family homes. CBRE has been tapped as the leasing agent for the retail component, and JLL is handling marketing of the future office space. A construction timeline was not announced.

October 12, 2026

Acquisitions Development Midwest Multifamily Wisconsin

CBRE Arranges Sale of Development Site for 96-Unit Multifamily Project in Waterloo, Wisconsin

by Hayden Spiess October 12, 2026

WATERLOO, WIS. — CBRE has arranged the sale of a 10.7-acre parcel in Waterloo that will be developed into Drumlin Fields Apartments, a 96-unit, garden-style apartment community. Drumlin Fields Waterloo LLC, an affiliate of Brew City Capital Group, purchased the property from Rolling Meadows Apartments LLC for $1.1 million. Waterloo is located approximately 25 miles northeast of Madison, Wis. CBRE’s Sean Beuche, Matson Holbrook and Gretchen Richards represented the seller in the transaction. Noah Jacobson, managing principal of Brew City Capital Group, a multifamily development and investment firm based in Brookfield, Wis., says the firm is partnering with Duffek Construction, KCB Architecture & Design, and engineering firm Kapur & Associates to bring the $23.5 million Drumlin Fields Apartments to life. Unit and community amenities at Drumlin Fields Apartments will include private entrances, attached garages, in-unit washers and dryers, high-end finishes and fixtures, forced air heating and cooling, private patios or balconies, a playground, courtyards and green space. Construction is scheduled to begin Oct. 14, with completion anticipated by April 2028.

October 12, 2026

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