Property Type

Brookfield, CPP Investments Agree to Acquire LXP Industrial for $5.2B

by Taylor Williams July 20, 2026

NEW YORK CITY AND TORONTO — A partnership between Brookfield Asset Management (NYSE: BAM) and the Canadian Pension Plan (CPP) Investment Board has agreed to acquire LXP Industrial Trust (NYSE: LXP) in an all-cash transaction valued at $5.2 billion. The deal is expected to close in the fourth quarter. The price tag includes LXP’s net debt and preferred equity. In addition, the terms of the deal call for LXP shareholders to receive $61.20 per share in cash, which represents a premium of 12.3 percent over the REIT’s 30-day volume weighted average share price (VWAP) and a 19.8 percent premium over the company’s 90-day VWAP. Both figures are based on time frames that ended Friday, July 17. LXP has agreed to suspend payment of common share dividends until the earlier of the closing of the transaction or the termination of the definitive agreement. The agreement also includes a 40-day “go-shop” period that expires on August 28 at 11:59 p.m. EST, during which time LXP and its advisors may actively solicit and consider alternative acquisition proposals and engage in discussions with third parties. “LXP has assembled a high-quality industrial portfolio with modern logistics assets in attractive markets,” said Lowell Baron, CEO of …

July 20, 2026

Market Reports North Carolina Office Southeast Southeast Market Reports

Charlotte’s Office Market Picks Up in 2026 as Activity Accelerates

by John Nelson July 20, 2026

The story in Charlotte’s office market today is a continuation of what began to take shape last year — only now, the activity behind it is real and measurable. The tenants that were cautiously exploring the market in 2024 have re-engaged, and many are now making decisions with greater clarity around their long-term space needs. Leasing volume reflects that shift. Activity reached roughly 1.4 million square feet in the first quarter of 2026, a significant increase year-over-year, with the majority of deals driven by new leases and expansions. That’s been the biggest change over the past 12 months: groups that were once on the sidelines are now moving forward, and deal velocity is picking up across multiple industries. At the same time, demand remains highly focused on quality. Class A buildings continue to capture most of the leasing activity, accounting for nearly 70 percent of total volume and leading overall absorption, which approached 400,000 square feet in first-quarter 2026. The best-performing assets in Uptown, Midtown and South Park are seeing steady occupancy gains, with rents at the top of the market pushing into the high-$50s per square foot. That said, the conversation around quality is becoming more nuanced. While top-tier …

July 20, 2026

Development Multifamily Texas

Partnership to Develop 265-Unit Multifamily Project in Uptown Dallas

by Taylor Williams July 17, 2026

DALLAS — A partnership between Endeavor Real Estate Group and Canyon Partners Real Estate will develop Lucille, a 265-unit multifamily project that will be located at 2700 McKinney Ave. in Uptown Dallas. The 22-story building will feature below-grade parking and 10,000 square feet of retail space. Amenities will include a rooftop lounge with a pool, cabanas, a private dining room, outdoor grilling and dining stations, coworking space, a business center, fitness center and an indoor dog grooming spa. HKS designed the project, and Roger-O’Brien is serving as the general contractor. German bank Helaba is financing construction, which is expected to begin in the coming weeks and be complete in late 2028.

July 17, 2026

Acquisitions Multifamily Texas

Eastham Capital Sells 200-Unit Apartment Complex in Humble, Texas

by Taylor Williams July 17, 2026

HUMBLE, TEXAS — Florida-based real estate private equity firm Eastham Capital has sold Eagle Crest, a 200-unit apartment complex located in the northern Houston suburb of Humble. The garden-style property offers one- and two-bedroom units that range in size from 656 to 1,054 square feet. Amenities include a pool, fitness center and a clubhouse. Eastham acquired the property in 2017 in a joint venture with Mosaic Residential and implemented capital improvements. The buyer and sales price were not disclosed.

July 17, 2026

Industrial Leasing Activity Lee & Associates Texas

Lee & Associates Negotiates 94,993 SF Industrial Lease in Southlake, Texas

by Taylor Williams July 17, 2026

SOUTHLAKE, TEXAS — Lee & Associates has negotiated a 94,993-square-foot industrial lease in Southlake, located in the northern-central part of the metroplex. The tenant is Genuine Cable Group, and the space is located within Building 1 of Heritage Business Park. Adam Graham and Stephen Williamson of Lee & Associates represented the landlord, Prologis, in the lease negotiations. Jake Griffin of Cushman & Wakefield represented the tenant.

July 17, 2026

Acquisitions Industrial Texas

Partners Brokers Sale of 43,000 SF Industrial Building in La Marque, Texas

by Taylor Williams July 17, 2026

LA MARQUE, TEXAS —Partners Real Estate has brokered the sale of a 43,000-square-foot industrial building in La Marque, a southeastern suburb of Houston. According to LoopNet Inc., the single-tenant building at 4725 Lawndale St. was constructed in 1978 and features 20-foot clear heights. Wyatt Huff of Partners represented the seller in the transaction, and Hunter Stockard, also with Partners, represented the buyer. Both parties requested anonymity.

July 17, 2026

Development Multifamily Northeast Pennsylvania

Partnership Underway on 274-Unit Multifamily Project in Horsham, Pennsylvania

by Taylor Williams July 17, 2026

HORSHAM, PA. — A partnership between Pennsylvania-based Korman Communities, New York City-based RXR, Japanese asset manager Chuo Nittochi, Goodman Properties and CBG Building Co. is underway on construction of a 274-unit multifamily project in Horsham, a northern suburb of Philadelphia. Known as AVE Horsham, the property will offer studio, one- and two-bedroom units and amenities such as a pool, outdoor grilling and dining stations, coworking space, meeting rooms, game room and a golf simulator. Completion is slated for early 2028.

July 17, 2026

Acquisitions New Jersey Northeast Retail

JLL Negotiates $54.3M Sale of Retail Center in Bridgewater, New Jersey

by Taylor Williams July 17, 2026

BRIDGEWATER, N.J. — JLL has negotiated the $54.3 million sale of The Village at Bridgewater Commons, a 92,461-square-foot retail center in Central New Jersey. A Summit Health medical facility anchors the 12.5-acre, open-air center, which was 98 percent leased at the time of sale to a roster with a weighted average remaining lease term of 7.4 years. Other tenants include Starbucks, Shake Shack, Cava and Chipotle Mexican Grill. Kevin O’Hearn and JB Bruno of JLL represented the seller, Pacific Retail Capital Partners, which acquired the property in 2023 as part of a larger deal for the adjacent Bridgewater Commons Mall, in the transaction. The buyer was Urban Edge Properties.

July 17, 2026

Development Midwest Multifamily Wisconsin

Nicholas & Associates to Build 263-Unit Luxury Apartment Community in Madison, Wisconsin

by Kristin Harlow July 17, 2026

MADISON, WIS. — Moyer Properties has selected Nicholas & Associates, the construction management and general contracting arm of the Nicholas Family of Cos., to build Aster Flats, a 263-unit luxury apartment community in Madison. The three-building property will be situated on 4.9 acres. Nicholas & Associates will break ground Aug. 18, with construction taking place in phases. Completion is slated for February 2028. Designed by HKM Architects + Planners Inc., Aster Flats will offer studio, one-, two- and three-bedroom units ranging in size from 588 to 1,395 square feet. Amenities will include a clubhouse with a community lounge, entertainment kitchen and fitness and yoga center, a luxury pet spa, indoor bike room and an outdoor heated pool with a grilling terrace and courtyard area. Each of the three buildings will have one or two levels of heated indoor parking.

July 17, 2026

Illinois Leasing Activity Midwest Office

Swanson, Martin & Bell Inks 56,760 SF Office Lease in Chicago

by Kristin Harlow July 17, 2026

CHICAGO — Swanson, Martin & Bell LLP has signed a long-term headquarters lease restructure and renewal at 330 N. Wabash Ave. in Chicago. The 52-story riverside office tower is the last building in the U.S. designed by renowned architect Ludwig Mies van der Rohe. The property features 35,000-square-foot floor plates, floor-to-ceiling windows, 12-foot ceilings and panoramic views of the city. Dan Arends, Dougal Jeppe, Corby Marx, Joe Stevens and John Arends of Colliers represented the tenant, which is known nationally for its extensive jury trial experience. In addition to its Chicago headquarters, the law firm maintains six offices throughout the Midwest. The firm has grown from 13 lawyers in 1992 to over 140 lawyers in 30 practice areas today.

July 17, 2026

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