BRISCOE COUNTY, TEXAS — Soluna Holdings Inc. (NASDAQ: SLNH), a developer of renewable data centers for heavy computing industries such as artificial intelligence (AI) and Bitcoin mining, has closed on the purchase of 397 acres in West Texas’ Briscoe County. The site is located adjacent to Briscoe Wind Farm, a 150-megawatt (MW) wind farm that Soluna purchased in April for $53 million. The land is also situated adjacent to Dorothy 1 and Dorothy 2, Soluna’s modular, co-located data center campus that has capacity totaling 50 MW and 48 MW, respectively. The new land will host Dorothy 3, an AI data center computing campus with a potential capacity of 300 MW. All phases of the Project Dorothy campus, which is named after NASA mathematician Dorothy Vaughan, will be powered by the Briscoe Wind Farm substation. “Customers evaluating AI sites want to know how quickly we can get them to power,” says John Belizaire, CEO of Soluna. “Owning this land takes one more variable out of that answer. Dorothy 3 is a site we control end to end, and that is what turns a development project into something a customer can plan around.” The land acquisition exceeds the 300 acres Soluna originally …
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Senior living has changed a lot in the past five or six years. The shift was underway before the pandemic, but it has accelerated recently. Now, there is a clear move away from institutional designs toward communities that feel more like hotels, with a focus on wellness, flexibility and the resident experience. The way spaces are designed has changed as well. In the past, facilities had large, central common areas. Now, layouts focus on flexible use and smaller, spread-out gathering spaces. There is also more focus on connecting with the outdoors, so courtyards, walking paths and shaded seating are now standard. Industry research shows that spaces that support social engagement and health are important, which is guiding how buildings are now designed and built. We have seen these changes firsthand through our work across the senior living sector. ANF recently completed Wellspring Apartments in Miami, a complex that reflects the growing need for well-located, intentionally designed housing for older adults. We are also building All Seasons Delray Beach for Beztak, a luxury senior living community centered on hospitality, lifestyle and elevated amenities. In Pembroke Pines, we are completing the final phase of Douglas Gardens for McDowell Housing Partners and Miami …
HOUSTON — A joint venture between Trammell Crow Co. (TCC) and Japanese developer Daiwa House has broken ground on a 687,338-square-foot industrial project in southwest Houston. The project represents Phase II of Blue Ridge Commerce Center and will consist of three buildings on a 40.9-acre site. Buildings will span 182,908, 200,622 and 303,808 square feet and feature a mix of configurations in addition to 32- to 36-foot clear heights. Seeberger Architecture designed the project, and E.E. Reed Construction is serving as the general contractor. BGE is the project’s civil engineer, and CBRE is the leasing agent. Sumitomo Mitsui Banking Corp. is financing construction, which is expected to be complete next spring.
HOUSTON — Marcus & Millichap has brokered the sale of The Preserve at North Loop, a 218,689-square-foot office campus in northwest Houston. Built in 1970, the 12.7-acre campus consists of seven buildings that were approximately 65 percent leased at the time of sale. Keith Lloyd and Brad Mills of Marcus & Millichap represented the seller, an entity doing business as Silver Star CRE LLC, in the transaction and procured an undisclosed, Atlanta-based investor as the buyer.
MOUNT PLEASANT, TEXAS — Marcus & Millichap Capital Corp. (MMCC) has arranged $19.6 million in financing for a 9,557-square-foot travel center in Mount Pleasant, located in northeast Texas. The name and address of the property, which features a fuel station, restaurant and laundry facilities, were not disclosed. Ron Balys of MMCC arranged the five-year loan, which carries a 6.75 percent interest rate, through an undisclosed national bank. The borrower was also not disclosed.
MCKINNEY, TEXAS — Hugs Café Inc., a nonprofit organization dedicated to providing training and employment for individuals with intellectual and developmental disabilities, has opened its $10 million headquarters office in McKinney, located north of Dallas. Spanning 13,500 square feet, the facility features an onsite training academy, commercial training kitchen, classrooms, a rooftop deck and an outdoor patio, as well as administrative offices, dedicated learning areas and flexible workspaces. KDC designed the facility.
NEW YORK CITY — Locally based owner-operator Timber Equities has received a $27.5 million loan for the refinancing of The Sophia, a 60-unit apartment building in Manhattan’s Inwood neighborhood. The 11-story building was completed in fall 2025 and includes 1,700 square feet of retail space. Units come in one-, two- and three-bedroom floor plans, and amenities include a fitness center, resident lounge, package room and a rooftop deck. Max Hulsh of Institutional Property Advisors (IPA), a division of Marcus & Millichap, led the team that arranged the loan through LaSalle Investment Management on behalf of ownership.
MILFORD, MASS. — Regional brokerage firm Atlantic Capital Partners (ACP) has negotiated the $8 million sale of Milford Square, a 50,326-square-foot shopping center located about 40 miles southwest of Boston. The neighborhood center is home to a mix of service-oriented and necessity-based tenants, including the Massachusetts Registry of Motor Vehicles. Justin Smith, Chris Peterson, Danielle Turpin and Matt Ericson of ACP represented the undisclosed seller in the transaction. The buyer was also not disclosed.
NEW PROVIDENCE, N.J. — JLL has arranged a loan of an undisclosed amount for the refinancing of a 48,312-square-foot medical office building in New Providence, about 25 miles west of New York City. Murray Hill Medical Office Building was 95 percent leased at the time of the loan closing, with Atlantic Health Group and New Providence Dentistry serving as the anchor tenants. Ryan Carroll and Matthew McManus of JLL arranged the loan through an undisclosed life insurance company on behalf of the owner, MEARJ Properties.
NEW YORK CITY — Stout NYC will open a 13,900-square-foot restaurant in Manhattan’s NoMad district. Dos Caminos formerly occupied the multi-level space at 373 Park Avenue S. Henry Rossignol of CBRE represented the tenant in the lease negotiations. Ariel Schuster, Michael Paster and Jenna Kestan of Newmark, along with internal agents Steven Marvin and Jonathan Bock, represented the landlord, a joint venture between Olmstead Properties and Vertex Properties.