Saturday, April 11, 2026
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DevelopmentFloridaHospitalitySoutheast

Moss Begins Construction on $175M Dunes Fort Lauderdale Hotel

by John Nelson

FORT LAUDERDALE, FLA. — Moss has begun construction on The Dunes Fort Lauderdale, an Autograph Collection Hotel. Moss is constructing the $175 million hotel on behalf of the developer, G. Holdings Group, and the operator, Marriott International. The 205-room, 16-story hotel will be located at 441 S. Fort Lauderdale Beach Blvd. and represents the first Autograph Collection hotel in the city. Designed by FSMY Architects & Planners with interiors by Studio Munge, The Dunes will feature an ocean-facing restaurant, mezzanine-level event venue, third-floor pool and bar deck, rooftop bar and dining venue and a valet-operated subterranean parking garage. The construction timeline for the hotel was not released.

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Leasing ActivityOfficeTexas

Newmark Negotiates 29,000 SF Office Lease in Plano

by Taylor Williams

PLANO, TEXAS — Newmark has negotiated a 29,000-square-foot office lease in Plano. The tenant is building materials supplier Amrize, and the space is located within Willow Bend Office Center I, a 124,000-square-foot building that was completed in 1998. Nathan Durham of Newmark represented the landlord, an entity doing business as CFT NV Developments LLC, in the lease negotiations. Steve Wentz and Mark Becker of Cushman & Wakefield represented Amrize.

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Merrimack-College-North-Andover
DevelopmentMassachusettsMultifamilyNortheastStudent Housing

Greystar, Merrimack College Top Off Two Student Housing Projects in Metro Boston

by Taylor Williams

NORTH ANDOVER, MASS. — A public-private partnership between Greystar and Merrimack College has topped off two student housing projects totaling 540 beds on the university’s campus in North Andover, a northern suburb of Boston. The first building will house 351 beds across 180 units, all of which will be traditional dormitory doubles except for the resident advisor units. The second building will house 189 beds across 54 units, the majority of which will feature three- and four-bedroom suite configurations. The properties will also feature a combined total of 12,609 square feet of academic space, a pavilion for honors students and a fitness center. Timelines for completion of the projects were not disclosed.

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AcquisitionsMultifamilyNew YorkNortheast

Cushman & Wakefield, Pyramid Arrange $82.4M Sale of Two Multifamily Properties in Upstate New York

by Taylor Williams

CLIFTON PARK, N.Y. — Cushman & Wakefield and Pyramid Brokerage Co. have co-arranged the $82.4 million sale of Foxrun Apartments and North Pointe Apartments, two multifamily properties in the upstate New York community of Clifton Park. Spanning 41 acres, Foxrun Apartments offers 468 units. Spanning 12 acres, North Pointe Apartments totals 198 units. Affiliates of The Solomon Organization sold the properties to Merion Realty Partners, which partnered with Eastham Capital on the deal. Niko Nicolaou, Ryan Dowd, Peter Welch, J.P. Hohl and Alexandria Russo Ebers of Cushman & Wakefield, alongside Jonathan Weinstein, Robert Stewart and Joseph Mahoney of Pyramid Brokerage Co. represented both parties in the transaction. Both properties were more than 90 percent occupied at the time of sale.

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Juniper-Village
FeaturesSeniors Housing

REITs Are in Hot Pursuit of Seniors Housing Assets

by Hayden Spiess

By Beth Mattson-Teig Real estate investment trusts (REITs) have their foot firmly on the gas when it comes to acquiring seniors housing assets, and they’re taking full advantage of the opportunity to buy at below replacement cost.  The appetite to grow portfolios, particularly on the private pay side of independent living, assisted living and memory care, comes as no surprise given the combined tailwinds of growing consumer demand and a slowdown in new supply.  While the aging population has led to accelerating demand, the high cost of development has forced a sharp pullback in new deliveries. Between now and 2035, the 85-plus population is expected to grow nearly 60 percent, increasing from approximately 7 million to more than 11 million. At the same time, developers are tapping the brakes on new projects.  In the first quarter of 2025, seniors housing construction starts in 31 primary markets tracked by NIC MAP totaled 1,076 units for properties that are a majority independent living or majority assisted living, the lowest count since 2009.  “Frankly, investors have been waiting for this boomer generation to hit and start to move into seniors housing for some time. It’s been anticipated, and it’s now actually starting to …

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DevelopmentMultifamilySoutheastVirginia

Middleburg, Capital City to Develop 260-Unit Apartment Community in Fairfax, Virginia

by John Nelson

FAIRFAX, VA. — Middleburg and Capital City Real Estate have formed a partnership to develop The Botanist, a 260-unit, seven-story luxury apartment community located at 10350 Eaton Place in Fairfax, about 19 miles west of Washington, D.C. The co-developers recently acquired the 3-acre site and secured construction financing. Designed to achieve Green Globe certification, The Botanist will offer apartments ranging from junior one-bedroom to three-bedroom floorplans. Amenities will include a resort-style pool, fitness center, coworking spaces, ground-floor retail space and an integrated parking garage. Middleburg and Capital City plan to break ground immediately and deliver The Botanist in third-quarter 2027.

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DevelopmentFloridaSeniors HousingSoutheast

Lifespace Breaks Ground on $49M Expansion Project for Seniors Housing Community in South Florida

by John Nelson

DELRAY BEACH, FLA. — Lifespace Communities has broken ground on a $49 million expansion project at Harbour’s Edge, a senior living community in Delray Beach, a city in South Florida’s Palm Beach County. Upon completion, the expansion will add 24 assisted living apartments and 16 memory care apartments to the property, as well as new amenities. These planned additions include a garden with a walking path, third-floor terrace for assisted living residents, spa, bar, wellness gym, dedicated dining rooms, kitchens and activity spaces. Lifespace, a nonprofit organization that owns and operates 15 seniors housing properties across seven states, plans to begin construction on the expansion next week.

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AcquisitionsHealthcareMarylandSoutheast

CBRE Arranges Sale of 55,598 SF Medical Outpatient Building in Laurel, Maryland

by John Nelson

LAUREL, MD. — CBRE has arranged the sale of a 55,598-square-foot medical outpatient building located at 7140 Contee Road in Laurel, about 22 miles northeast of Washington, D.C. Catalyst Healthcare Real Estate sold the property, which is anchored by the University of Maryland Medical System and the University of Maryland Faculty Physicians, to UDLR Partners, a joint venture between GI Partners and former executives from Healthcare Trust of America. Chris Bodnar, Brannan Knott, Mindy Berman, Zack Holderman, Cole Reethof, Jesse Greshin and Tim Connolly of CBRE represented the seller in the transaction. The sales price was not disclosed. Delivered in spring 2024, the medical outpatient building is located on the campus of the University of Maryland Laurel Medical Center. Both properties were constructed on a parallel timeline, marking the completion of Phase I of a health and wellness destination campus.

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Plaza-Pikes-Peak-Colorado-Springs-CO
ColoradoLoansMultifamilyWestern

Dwight Capital Provides $48.3M HUD-Insured Loan for Plaza at Pikes Peak Apartment Community in Colorado Springs

by Amy Works

COLORADO SPRINGS, COLO. — Dwight Capital has provided a $48.3 million HUD 223(f) loan for The Plaza at Pikes Peak, a 215-unit apartment community in Colorado Springs. The refinance qualified for a reduced Green Mortgage Insurance Premium due to the property’s GreenPoint Rated Existing Homes & Multifamily Silver certification. Jonathan Pomper and Jack Tawil of Dwight Capital originated the transaction on behalf of the borrowers, Ryan Dunn of Dunn & Associates and Taylor Turano of Denver Land Co. Completed in 2022, the property comprises a five-story building and a four-story building with a unit mix of 43 studios, 134 one-bedroom and 38 two-bedroom units. Apartments offer smart home technology, quartz countertops, stainless steel appliances and private balconies or patios. Community amenities include a fitness center, swimming pool, hot tub, courtyard with a fire pit, dog park, pet wash, rooftop lounge, yoga and spin studios, storage lockers and coworking spaces.

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Union-Corvallis-OR
AcquisitionsMultifamilyOregonStudent HousingWestern

TSB Realty Arranges Sale of 221-Bed Student Housing Community Near Oregon State University

by Amy Works

CORVALLIS, ORE. — TSB Realty has arranged the sale of The Union Corvallis, a 221-bed student housing community located near the Oregon State University campus in Corvallis. Delivered in 2013, the property offers 68 units in a mix of one-, two- and four-bedroom configurations. Shared amenities include a clubhouse with pool and ping pong tables, an outdoor sundeck and grilling area, a resident lounge with a television, study lounge with private study spaces, a computer station and library area. Cardinal Group Cos. acquired the property for an undisclosed price. The seller was not released.

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