Property Type

JLL Arranges Sale of 10.5 MSF Southeast Industrial Portfolio for EQT Real Estate

by John Nelson September 1, 2026

CHICAGO — JLL has arranged the sale of a 10.5 million-square-foot industrial portfolio in the Southeast. EQT Real Estate is selling the 46-building portfolio to an affiliate of California-based LBA Realty for an undisclosed price. John Huguenard, Trent Agnew, Will McCormack and Tara Hagerty of JLL represented the seller in the transaction. Additionally, Kevin MacKenzie, Peter Thompson, Steven Klein and Chris Pratt of JLL arranged an undisclosed amount of acquisition financing through two national banks for the buyer. The sold portfolio features properties in 10 separate markets, including Charlotte and Greensboro, N.C.; Greenville-Spartanburg, S.C.; Atlanta and Savannah, Ga.; Tampa, Orlando and Jacksonville, Fla.; and Birmingham and Huntsville, Ala. The logistics facilities in the portfolio average 230,000 square feet in size, according to JLL.

September 1, 2026

Development Florida Loans Mixed-Use Multifamily Southeast

SCALE Lending Provides $245M Loan for First Phase of Upland Park Apartments in Miami

by John Nelson September 1, 2026

MIAMI — SCALE Lending, the debt financing arm of Slate Property Group, has provided a $245 million bridge loan for Phase IA of Upland Park, a $1 billion mixed-use development underway on 47 acres in Miami’s Sweetwater neighborhood. The transit-oriented project is a redevelopment of West Miami-Dade County’s former Dolphin Park-and-Ride/Transit Terminal Facility. The borrower and developer, Terra Group, will use proceeds of the loan to pay off the existing construction loan, which was also provided by SCALE Lending. The floating-rate loan features two six-month extension options. Terra expects to complete construction of the first phase, which comprises 578 apartments across five residential buildings, next month. The company has tapped Charleston-based Greystar as the property manager. Floorplans come in studio through three-bedroom configurations, with monthly rental rates ranging from $2,726 to $4,811, according to Apartments.com. Amenities will include pickleball courts, a dog park, bike storage, EV charging stations, swimming pools, lake access and a clubhouse featuring a theater, social lounges, a business center, fitness centers and a children’s playroom. The design-build team includes PPK Architects, master architect Arquitectonica and urban planner Plusurbia Design. At full completion, Upland Park will feature more than 2,000 apartments, a 126-room hotel, roughly 282,000 square …

September 1, 2026

Acquisitions Florida Multifamily Southeast

Fairfield Acquires 812-Unit Apartment Community in West Palm Beach from Cortland for $208M

by John Nelson September 1, 2026

WEST PALM BEACH, FLA. — Fairfield, a multifamily owner-operator based in San Diego, has acquired Portofino Place Apartments in West Palm Beach. Atlanta-based Cortland sold the 812-unit property to Fairfield for $208 million, according to multiple media outlets. Located at 4400 Portofino Way in West Palm Beach, Portofino Place features one-, two- and three-bedroom layouts, as well as two-story loft residences. Amenities include four resort-style swimming pools, a 24-hour fitness center, yoga studio, pickleball and tennis courts, indoor basketball court, coworking space, dog park and multiple social and recreation areas. Walker & Dunlop arranged the financing and brokered the transaction, according to Fairfield.

September 1, 2026

Acquisitions Georgia Multifamily Southeast

Home Invest Purchases 997-Unit Multifamily Community in Stone Mountain, Georgia

by John Nelson September 1, 2026

STONE MOUNTAIN, GA. — Home Invest, a private real estate investment firm based in Palm Beach Gardens, Fla., has purchased East Ponce Village, a 997-unit multifamily community located at 1310 Wood Bend Drive in Stone Mountain. The seller and sales price were not disclosed. Home Invest assumed operations of the distressed community prior to the sale being finalized and is investing in capital improvements for both the physical property and its resident programming. Built in 1987 roughly 20 miles east of Atlanta, East Ponce Village features two pools, a fitness center and a clubhouse.

September 1, 2026

Acquisitions Industrial Northeast Pennsylvania

Chobani Agrees to Buy Former Keurig Dr Pepper Manufacturing Facility in Allentown, Pennsylvania for $125M

by Taylor Williams September 1, 2026

ALLENTOWN, PA. — Chobani has entered into an agreement to acquire the former manufacturing facility of Keurig Dr Pepper in the Lehigh Valley city of Allentown, including the lease, equipment and operations and related infrastructure, for $125 million. Keurig Dr Pepper first opened the 1.5 million-square-foot facility in 2021, and the announcement coincides with Keurig Dr Pepper agreeing to sell its full equity stake in Chobani back to the company for $800 million. Both of those transactions are expected to close in the third quarter. Chobani’s acquisition of the facility comes as part of a larger capital investment in the Lehigh Valley that is valued at 1.2 billion and expected to add about 900 new jobs to the local economy. The provider of dairy products plans to add up to 10 new production lines and says that the new facility will give the company “the capacity to scale new products while continuing to develop new formats and food-and-beverage platforms.” Production under Chobani is expected to begin sometime next year.

September 1, 2026

Development Multifamily New Jersey Northeast

Partnership Completes 300-Unit Apartment Complex in Livingston, New Jersey

by Taylor Williams September 1, 2026

LIVINGSTON, N.J. — A partnership between regional owner-operator Sterling Properties and New Jersey-based Danbro Properties has completed Canterly Place, a 300-unit apartment complex in the Northern New Jersey community of Livingston. Canterly Place offers one-, two- and three-bedroom units, 20 percent (60) of which are designated as affordable housing. Amenities include a pool, coworking spaces, a coffee house, clubroom, private dining room, library, fitness center, game lounge, golf simulator, outdoor grilling and dining stations, a courtyard, playground and a dog park. Lessard Design served as the project architect, with Mary Cook Associates handling interior design. Rents start at $2,765 per month for a one-bedroom apartment, and the property is now more than 50 percent occupied.

September 1, 2026

Development Multifamily New Jersey Northeast

Connell Co. Begins Leasing 179-Unit Apartment Building in Berkeley Heights, New Jersey

by Taylor Williams September 1, 2026

BERKELEY HEIGHTS, N.J. — Locally based developer The Connell Co. has begun leasing RT500, a 179-unit apartment building located within The Park, a 185-acre mixed-use development in the Northern New Jersey community of Berkeley Heights. Minno & Wasko Architects and Planners, in collaboration with David M. Sullivan Inc., designed the 11-story building, which is one of two buildings at The Park under Connell’s Round Table (RT) Residences brand. Units come in studio, one-, two- and three-bedroom floor plans, and amenities include an outdoor pool, entertainment lounge, game room, fitness center and coworking space. Construction topped out last summer. Rents start at roughly $2,600 per month for a studio apartment.

September 1, 2026

Build-to-Rent California Development Loans Single-Family Rental Western

Canyon Partners, J.P. Morgan Provide $74.7M Construction Loan for Inland Empire Townhome Project

by Amy Works September 1, 2026

RIVERSIDE, CALIF. — Canyon Partners and J.P. Morgan have provided a $74.7 million senior construction loan for a townhome rental project in Riverside’s Mission Grove neighborhood. The developer, BCT Development, is a joint venture between Bain Capital Real Estate and Cherry Tree Development. The community has yet to be branded, but plans call for 180 rental townhomes in a mix of two-, three- and four-bedroom floor plans, as well as amenities such as a pool, fitness center and clubhouse. A construction timeline was not disclosed. The financing represents Canyon’s second senior construction loan to BCT this year following the closing of a $91.3 million loan in March for the development of a 232-unit rental townhome community, also located in Riverside.

September 1, 2026

Arizona Development Mixed-Use Office Retail Western

Trammell Crow Co. Completes Sprouts Farmers Market Headquarters in Phoenix

by Amy Works September 1, 2026

PHOENIX — Trammell Crow Co. has completed a 181,000-square-foot mixed-used development in Phoenix. Project partners include U.S. Realty Advisors, RSP Architects, Wespac Construction, Keyser and JLL. The 8-acre project consists of a 145,000-square-foot Class A office building serving as Sprouts Farmers Market’s corporate headquarters, a 25,000-square-foot flagship Sprouts grocery store and approximately 11,000 square feet of additional retail space. The grocery store opened to the public on July 24, 2026, and the office headquarters building is now ready for occupancy. Located within the CityNorth development near 56th Street and Loop 101, the headquarters features a community garden, rooftop deck, fitness center and culinary kitchens.

September 1, 2026

Acquisitions Multifamily Washington Western

Freestone Capital Acquires 106-Unit Multifamily Property in Seattle for $32.2M

by Amy Works September 1, 2026

SEATTLE — Freestone Capital has acquired Aperture on Fifth, a 106-unit multifamily property located in the Denny Triangle neighborhood of Seattle. PrivatePortfolio GroupFreestone Capital sold the property for $32.2 million, or $304,245 per unit. Giovanni Napoli, Philip Assouad, Ryan Harmon, Nick Ruggiero and Anthony Palladino of Institutional Property Advisors (IPA), a division of Marcus & Millichap, represented the seller and procured the buyer, both of which are Seattle-based, in the transaction. Built in 2014, Aperture on Fifth comprises studio, one- and two-bedroom apartments along with a central atrium courtyard, rooftop deck with a bocce ball court, fitness center, bike storage, package lockers, pet wash area and an underground parking garage. Some units feature views of the Space Needle and the downtown Seattle skyline.

September 1, 2026

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