Property Type

Life Time, Dewitt Carolinas Break Ground on $200M Residential Tower in Raleigh

by John Nelson November 3, 2026

RALEIGH, N.C. — A partnership between national health club chain Life Time (NYSE: LTH) and locally based development firm Dewitt Carolinas has broken ground on Life Time Living at The Exchange Raleigh, a luxury multifamily tower anchored by an 80,000-square-foot Life Time athletic club and a 40,000-square-foot rooftop beach club. The companies plan to invest more than $200 million into the 20-story tower, according to Triangle Business Journal. The residential project represents Phase II of The Exchange Raleigh, a $1 billion, 40-acre master-planned mixed-use development in the state capital’s Midtown neighborhood. The development team, along with construction manager Consigli Construction, is aiming for both NGBS Green and Fitwel certifications for the project, which is set to deliver in fourth-quarter 2028. “By bringing Life Time’s incredible athletic country club and luxury living model to our community, we are delivering on our promise to make Midtown Raleigh a destination unlike any other,” says Todd Saieed, CEO of Dewitt Carolinas. Life Time Living at The Exchange Raleigh will offer 289 luxury apartments ranging in size from 610 to 2,040 square feet. Units will come equipped with blackout curtains , walk-in closets, work-from-home space and stainless steel kitchen appliances. The Life Time athletic club …

November 3, 2026

Market Reports Retail Texas Texas Market Reports

Dallas Design District Emerges as High‑Demand Market for Retail Investment

by Taylor Williams November 3, 2026

By Jeff Lefko, executive vice president, partner, Hanley Investment Group Real Estate Advisors The Dallas Design District has entered a new phase of growth that is reshaping its identity and elevating its position within the city’s retail landscape. Once known primarily for showrooms and industrial buildings, the district has become one of Dallas’ most active destinations for dining, entertainment and luxury commerce. The shift has been rapid, and the momentum in 2026 is unmistakable. New openings this year have reinforced that trend. Delilah Dallas, a 1920s-inspired supper club that blends dining with live entertainment, arrived early in the year. Alara, a modern Mediterranean concept built around mezze and shared plates, followed soon thereafter, as did Ospi, a handmade pasta and Roman-style pizza restaurant co-owned by Top Chef contestant Jackson Kalb. Additional arrivals include La Lupita, a Los Cabos-born taquería and mezcalería making its U.S. debut, and Juliet, a Houston-based, movie theater-inspired steakhouse, opened in October next door to Delilah. The recent openings broaden the district’s lineup of destination dining. Operators are choosing the district because it offers visibility, a high-income customer base and proximity to neighborhoods such as Uptown, Downtown, Victory Park and the Medical District. The district’s transformation is …

November 3, 2026

Acquisitions California Retail Western

Faris Lee Brokers $37.3M Sale of 97,319 SF Retail Space in Lakewood, California

by Amy Works November 2, 2026

LAKEWOOD, CALIF. — Faris Lee Investments has arranged the sale of a 97,319-square-foot portion of Lakewood Center, a retail center in Lakewood. A consortium of multiple owners sold the asset to an undisclosed seller for $37.3 million. Situated on 5 acres within Lakewood Center, the sold portion is leased to tenants including Burlington, 24 Hour Fitness and Bank of America. Don MacLellan, Jeff Conover, Scott DeYoung and Greg Lukosky of Faris Lee represented the seller in the deal. This is the second large portion of Lakewood Center that Faris Lee has sold this year, culminating in a total of $76 million. Lakewood Center occupies a full city block at four major signalized intersections. Major retailers at the center include Costco, Target, The Home Depot and Albertsons.

November 2, 2026

Loans Multifamily Nevada Western

Bascom Group Obtains $30.8M Refinancing for 200-Unit Multifamily Community in Las Vegas

by Amy Works November 2, 2026

LAS VEGAS — The Bascom Group has obtained a $30.8 million loan for the refinancing of The Gateway Villas Apartments, a multifamily property in Las Vegas. Bascom acquired the garden-style property, which was built in 1984 and 1985, in an off-market transaction in December 2021. Brian Eisendrath, Cameron Chalfant, Jesse Zarouk and Jake Vitta of Institutional Property Advisors (IPA) Capital Markets arranged the financing, with Bridge Investment Group providing the $30.8 million loan. Apartment Management Consultants will continue providing property management services for the community. Gateway Villas features 200 one- and two-bedroom apartments with private patios or balconies. Community amenities include a fitness center, resident clubhouse, pool, barbecue area and a putting green.

November 2, 2026

Acquisitions California Multifamily Seniors Housing Western

Joint Venture Acquires 122-Unit Seniors Housing Community in San Diego

by Amy Works November 2, 2026

SAN DIEGO — A joint venture between a private equity group and a local operator has acquired Canyon Villas, a 122-unit seniors housing community located in the Clairemont neighborhood of San Diego. The San Diego Christian Foundation sold the property for an undisclosed price. Constructed in 1991, the community features independent living, assisted living and memory care residences. Amenities at the property include a courtyard, library, gazebo, activity room and transportation services. Hap Knowles, Nick Stahler and Michael Mooney of Marcus & Millichap brokered the sale on behalf of the seller. Though the sales price was not disclosed, a board member of the San Diego Christian Foundation said in a statement that the deal closed at a price that was “nearly 50 percent more than other brokers thought possible.”

November 2, 2026

Acquisitions California Retail Western

Coastal Commercial Arranges Sale of Historic Balboa Theater in Newport Beach, California

by Amy Works November 2, 2026

NEWPORT BEACH, CALIF. — Coastal Commercial has brokered the sale of Balboa Theater, a nearly century-old landmark theater located at 707 E. Balboa Blvd. in Newport Beach. A local family office sold the asset to a local private real estate investor for an undisclosed price. The new owner plans to restore the theater, which originally opened in 1928 as Ritz Theater. The theater ultimately closed in 1991 and despite previous restoration efforts, the property has remained closed for approximately 35 years. Coastal Commercial represented the seller, while Christian Emerson of The Oppenheim Group represented the buyer in the transaction.

November 2, 2026

Loans Mixed-Use Office Southeast Virginia

Comstock Obtains $299.1M Refinancing for Office Towers at Reston Station in Northern Virginia

by John Nelson November 2, 2026

RESTON, VA. — Comstock Holding Cos. Inc. has obtained $299.1 million for the refinancing of the first three office towers within Reston Station, a 90-acre mixed-use development that surrounds the Wiehle-Reston East Metro Station in Northern Virginia. The office towers — 1900, 1902 and 1906 Reston Metro Plaza — were fully leased at the time of loan closing to firms including Google, ICF, CARFAX, FM and Amentum. Eastdil Secured Savills arranged the financing on behalf of Comstock Partners LC, a privately held affiliate of Comstock. Bank of America served as lead manager and sole bookrunner for the refinancing, which was used to fully repay a $292.9 million loan provided by Blackstone Real Estate Debt Strategies.

November 2, 2026

Acquisitions Florida Hospitality Southeast

Gencom, White Bridge Capital Purchase 652-Room InterContinental Miami Hotel

by John Nelson November 2, 2026

MIAMI — A partnership between Gencom and locally based White Bridge Capital has purchased the InterContinental Miami, a 652-room hotel located at 100 Chopin Plaza in downtown Miami. Strategic Hotels & Resorts sold the hotel. The sales price was not disclosed, but Bloomberg reports it traded for approximately $300 million. The 34-story hotel overlooks the confluence of the Miami River and Biscayne Bay and was recently renovated. The property features 22 suites that range in size from 850 to 2,800 square feet, as well as 90,000 square feet of indoor-outdoor meeting space. Other amenities include a rooftop pool with private cabanas, full-service spa, fitness center, business center, the Club InterContinental Lounge and onsite retail space. InterContinental Miami also houses restaurants including Toro Toro, Bluewater, Starbucks Coffee and Freddy’s Speakeasy.

November 2, 2026

Acquisitions Hospitality Louisiana Southeast

Gayle Benson to Acquire Windsor Court Hotel in Downtown New Orleans

by John Nelson November 2, 2026

NEW ORLEANS — Gayle Benson, owner of the NFL’s New Orleans Saints and the NBA’s New Orleans Pelicans, has announced she is acquiring The Windsor Court, a 314-room hotel located at 300 Gravier St. in downtown New Orleans. The luxury property opened in 1984 ahead of the World Fair and is a member of Preferred Hotels & Resorts’ Legend Collection. The Windsor Court houses high-end restaurants including The Grill Room, The Polo Club and Le Salon, as well a coffee bar, pool bar and an expansive art collection. The Berger Co., which has operated the hotel since 2009, helped facilitate the acquisition and will continue to manage the property, as well as retain a minority interest. Benson plans to invest in capital improvements at The Windsor Court during her ownership.

November 2, 2026

Development Georgia Multifamily Southeast

ECI Group Launches Leasing at $60M Multifamily Development in Metro Savannah

by John Nelson November 2, 2026

RICHMOND HILL, GA. — ECI Group has launched leasing at The Averly Richmond Hill, a $60 million multifamily development located along Ford Avenue in Richmond Hill, a southwest suburb of Savannah. Situated within one mile of I-95, the property will feature 243 one-, two- and three-bedroom apartments and 48 three-bedroom townhomes, as well as two pad-ready retail sites that are being marketed by Ashley Smith and Tyler Mouchet of Colliers | Savannah. Amenities will include an 8,400-square-foot clubhouse, package room, private offices, coffee bar, resort-style pool, golf simulator, dog park, pet spa, courtyards and rentable storage units. ECI Group plans to open its clubhouse on Nov. 17, giving prospective residents a chance to meet with the leasing team.

November 2, 2026

Newer Posts

Older Posts