Property Type

NEW YORK CITY — American Express (NYSE: AXP) has unveiled plans to build a new global headquarters at 2 World Trade Center in Lower Manhattan. The credit card giant will be the sole owner and occupant of the new building, which is slated for completion in 2031. Spanning nearly 2 million square feet across 55 floors, the tower will have capacity to host up to 10,000 colleagues across flexible and modern workspaces. The project will feature more than an acre of outdoor space with several greenery-filled terraces and gardens that will offer views of the Manhattan skyline. “This is an investment in our company’s future, our colleagues and the Lower Manhattan community, reaffirming our deep commitment to the neighborhood we’ve called home for nearly two centuries,” says Stephen Squeri, chairman and CEO of American Express. Silverstein Properties is the developer, and Foster + Partners is the design architect. Fried Frank advised American Express on the development agreement. The project team is pursuing LEED certification and integrating smart-building technology and fully electric, energy-efficient mechanical systems. Located at 200 Greenwich St., the building will be developed on land owned by The Port Authority of New York and New Jersey (PANYNJ) under a …

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AUSTIN, TEXAS — General contractor and project manager Vaughn Construction is underway on Autry C. Stephens Engineering Discovery Building, a 210,000-square-foot academic project at the University of Texas at Austin (UT). Designed by Los Angeles-based CO Architects and Austin-based BGK Architects, the seven-story structure will be located on the eastern edge of campus and will be able to accommodate up to 32 faculty researchers and 335 graduate students and postdoctoral fellows. The building, which will house the operations of UT’s petroleum/geosystems and chemical engineering programs, will also feature dedicated tutoring areas and conference/meeting rooms, as well as an outdoor pavilion. The project is expected to be complete this fall.

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SAN ANTONIO — Marcus & Millichap has brokered the sale of The Alto, a 108-unit apartment complex in northwest San Antonio. Built on 5.7 acres in 1984, The Alto offers one- and two-bedroom units and amenities such as a pool, clubhouse and outdoor lounge areas. Ben Kalter, Drew Garza and Will Balthrope of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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TEXARKANA, TEXAS — Texarkana College has signed a 19,040-square-foot industrial lease at TexAmericas Center (TAC), a 12,000-acre mixed-use and industrial park located near the Arkansas-Texas border. The term is two years followed by optional terms of 12 months each. The school, which is a long-term tenant at TAC and also leased an 8.9-acre parking lot as part of the deal, will use the space for satellite classes.

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SAN ANTONIO — SRS Real Estate Partners has negotiated the sale of Alamo Ranch South, a 15,502-square-foot retail strip center in northwest San Antonio. Built in 2024, the center was fully leased at the time of sale to tenants such as The UPS Store, Five Guys and Club Pilates. Cathy Nabours, Kyle Shaffer and Sam Nichols of SRS represented the seller, a San Antonio-based developer, in the deal. The buyer was an El Paso-based private investor.

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DELRAY BEACH, FLA. — A partnership between Delray Beach-based Redfearn Capital and TPG Angelo Gordon’s U.S. Real Estate platform has closed on the refinancing for a 10-property industrial portfolio in Florida. CBRE’s Debt & Structured Finance Team secured the $150 million refinancing through Prospect Ridge. The financing includes an initial $80 million backed by the portfolio and up to $70 million in additional capacity to support future acquisitions. The portfolio is located across seven high-growth Florida markets: Orlando, Clearwater, Pompano Beach, Jacksonville, Naples, Hialeah and Miramar. The properties total 590,895 square feet and were 98.4 percent leased at the time of financing to 19 tenants. Redfearn Capital and TPG Angelo Gordon have acquired 37 industrial assets in Florida spanning approximately 3.2 million square feet since 2021. The 10 properties in the refinanced portfolio were assembled by the partnership from June 2022 through October 2025.

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KNIGHTDALE, N.C. — Walker & Dunlop has provided a $50.5 million Freddie Mac loan for the refinancing of Parkstone at Knightdale, a 350-unit apartment community located at 1001 Park Commons Drive in Knightdale, an eastern suburb of Raleigh. Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Sean Reimer and Jackson Irwin of Walker & Dunlop originated the loan on behalf of the borrower, The Widewaters Group Inc. Apprise, Walker & Dunlop’s independent third-party appraisal platform, appraised the transaction. Parkstone at Knightdale features one-, two- and three-bedroom units, as well as a fitness center, resort-style pool, playground, pet wash station, resident storage units and an outdoor lounge with a grilling station.

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TAMPA, FLA. — Creative Contractors Inc. has begun the $13.5 million renovation and modernization of Tampa Theatre, a historic cinema in downtown Tampa that opened on Oct. 15, 1926. The Tampa Bay-area general contractor will make audiovisual enhancements to the theater, as well as upgrades across the property’s HVAC, electrical and mechanical systems, including the installation of a new elevator. Other enhancements will include a refreshed concessions area, new bathrooms, a new stage truss system and upgraded theatrical lighting to support live performances and film presentations. The second and third floors of the theater will also be renovated to include new rooms for education and archives. Creative will also bring in a specialty plaster restoration contractor to restore the main Duncan Auditorium to its original grandeur. On the exterior, Creative is refreshing the building’s signage with new paint and enhanced lighting. DLR Group designed the overhaul, which is set to wrap up in time to celebrate the theater’s centennial celebration.

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BALTIMORE — Colliers has arranged a 69,408-square-foot office lease at 36 S. Charles St. in downtown Baltimore. Nathan Crowe and Katie Datin of Colliers represented the landlord, Zamir Equities, in the lease transaction. Nick Loiselle of CBRE represented the tenant, the State of Maryland. The state will utilize the space for its Supplemental Retirement Program, the Office of the People’s Counsel and the Public Service Commission. Other State of Maryland agencies that already occupy the property include the Office of Public Defender, the Department of Aging and the Department of Disabilities. The office building features an onsite fitness center, conference center, tenant lounge and 24/7 security.

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BOSTON — Mill Creek Residential has broken ground on a $145 million multifamily project in the Allston area of Boston. Modera Allston will have 240 units in studio, one-, two- and three-bedroom floor plans. Residences will be furnished with stainless steel appliances, quartz countertops, tile backsplashes and in-home washers and dryers. Amenities will include a rooftop deck, grilling areas, resident clubhouse, a speakeasy-inspired lounge with a sports simulator, coworking spaces, private workstations and offices, landscaped courtyards, pet spa and a fitness studio. CUBE3 is the project architect, and H+O is the structural engineer. The first move-ins are expected to begin in 2028.

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