Property Type

Avison Young Arranges $86M Sale of 14-Property Small-Bay Industrial Portfolio in Doral, Florida

by Abby Cox August 31, 2026

DORAL, FLA. — Avison Young has arranged the $86 million sale of a 14-property small-bay industrial portfolio in Doral, a western suburb of Miami. The price equated to $296 per square foot. The portfolio, which is located along NW 54th Street, NW 56th Street, NW 79th Avenue and NW 82nd Avenue, spans 300,000 square feet. Martin Waas of Waas Realty LLC represented the sellers in the transaction. Waas Realty also handled the leasing and management of the warehouses since their development starting in 1973, according to South Florida Business Journal. Michael Fay and David Spillers of Avison Young, along with Industrial Advisors’ Tommy Gil and David Olade and Michael Waite of Miami Warehouse Real Estate, represented the buyer, Midtown Capital Partners.

August 31, 2026

Acquisitions Office Southeast Virginia

Newmark Negotiates $26M Sale of Office Tower in Norfolk, Virginia

by Abby Cox August 31, 2026

NORFOLK, VA. — Newmark has negotiated the $26 million sale of 150 West Main Street, a 233,772-square-foot trophy office tower located in downtown Norfolk’s Waterside District. Kawa Capital Management was the buyer. Mark Williford, Will Bradley and Evan Wells of Newmark represented the seller, Gate Petroleum Co., in the transaction. Constructed in 2002, the 21-story tower’s onsite amenities include 24-hour security service, attached parking, a 2,000-square-foot multi-purpose meeting room, a full-service restaurant and a ground-level bank.

August 31, 2026

Acquisitions Healthcare Office Southeast Tennessee

Marcus & Millichap Brokers $24.5M Sale of Medical Office Building in Germantown, Tennessee

by Abby Cox August 31, 2026

GERMANTOWN, TENN. — Marcus & Millichap has brokered the $24.5 million sale of Conrad Pearson Clinic, a 33,777-square-foot medical office building located in Germantown, roughly 21 miles southeast of Memphis. Spencer Koch and Chris Biuso of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity. Jody McKibben served as Marcus & Millichap’s broker of record in Tennessee in the transaction. Built in 2002 at 1325 Wolf Park Drive, Conrad Pearson Clinic and its integrated affiliate, the Wolf River Surgery Center, fully occupied the property at the time of sale, according to LoopNet Inc. The property is situated near Methodist Le Bonheur Germantown Hospital, Saint Francis Medical Partners Germantown and Baptist Memorial Rehabilitation Hospital.

August 31, 2026

Connecticut Development Multifamily Northeast Office

Condyne Capital Receives Approval for Office-to-Residential Conversion Project in Windsor, Connecticut

by Taylor Williams August 31, 2026

WINDSOR, CONN. — Metro Boston-based developer Condyne Capital Partners has received approval for an office-to-residential conversion project in Windsor, located north of Hartford. Designed by Maugel Destefano Architects, the project will transform the 99,480-square-foot building at 500 Day Hill Road, which formerly housed the operations of commercial printing and packaging company Konica Minolta, into a 300-unit apartment community. The new apartment community will offer studio, one- and two-bedroom units. Amenities will include a pool, fitness center, pickleball court, multi-purpose court, dog park and outdoor grilling and dining areas. Construction is scheduled to begin this fall.

August 31, 2026

Development Industrial North Carolina Southeast

Beacon Partners Breaks Ground on 1.5 MSF Manufacturing, Logistics Park in West Charlotte

by Abby Cox August 31, 2026

CHARLOTTE, N.C. — Beacon Partners has broken ground on Rapid Commerce Park, a planned 1.5 million-square-foot manufacturing and logistics park located in west Charlotte. The initial phase will include three buildings at the intersection of Rhyne and Mount Holly roads. The buildings will be 70,825 square feet, 74,722 square feet and 264,490 square feet. Completion is slated for the fourth quarter of 2027. The project team includes general contractors Edifice Construction and Choate Construction, civil engineer Orsborn Design Group and architect WGM Design.

August 31, 2026

Loans Multifamily New York Northeast

JLL Provides $69.5M Agency Loan for Refinancing of Manhattan Apartment Building

by Taylor Williams August 31, 2026

NEW YORK CITY — JLL has provided a $69.5 million Freddie Mac loan for the refinancing of 100 Jane, a 148-unit apartment building in Manhattan’s West Village. Constructed in 1996, the nine-story building comprises 117 market-rate units, 30 affordable housing units and one superintendent unit. The property was fully occupied at the time of the loan closing. According to Apartments.com, 100 Jane exclusively offers studio floor plans. Amenities include a fitness center, sundeck and onsite laundry facilities. Geoff Goldstein, Steven Klein and Michael Shmuely of JLL originated the 10-year, fixed-rate loan on behalf of the borrower, Rockrose Development.

August 31, 2026

Acquisitions New York Northeast Office

Olmstead, Vertex Buy 302,000 SF Office Building in Midtown Manhattan

by Taylor Williams August 31, 2026

NEW YORK CITY — A partnership between two locally based owner-operators, Olmstead Properties and Vertex, has purchased 19 West 44th Street, a 302,000-square-foot office building in Midtown Manhattan. The 18-story building was 79 percent leased at the time of sale and recently received capital improvements to building systems, common areas and prebuilt suites. Tenants include Yipit, HARMAN International, Robert Derector, Corporate Service Corp., EOS Products and Bitwise. Will Silverman of Eastdil Secured Savills represented the seller, Savanna, in the transaction. Derby Lane Capital provided acquisition financing for the deal.

August 31, 2026

Leasing Activity New York Northeast Office

Ameriprise Financial Signs 37,704 SF Office Lease Renewal in Lower Manhattan

by Taylor Williams August 31, 2026

NEW YORK CITY — Ameriprise Financial Inc. has signed a 37,704-square-foot office lease renewal in Lower Manhattan. The financial advisory firm will keep its space on the 78th floor of One World Trade Center, where it has been a tenant since 2016, for another decade. Josh Kurlioff, Drew Braver, Heather Thomas and Nicole Estevez of Cushman & Wakefield represented the tenant in the lease negotiations. David Falk, Peter Shimkin, Hal Stein, Nathan Kropp and Paige Raisides of Newmark, along with internal agents Eric Engelhardt, Karen Rose and Sayo Kamara, represented the landlord, The Durst Organization, which developed the property in partnership with the Port Authority of New York & New Jersey.

August 31, 2026

Development Mixed-Use Texas Top Stories

Lincoln Property Co., Kairoi Complete 74-Story Waterline Mixed-Use Tower in Downtown Austin

by Taylor Williams August 31, 2026

AUSTIN, TEXAS — A partnership between Dallas-based Lincoln Property Co. and San Antonio-based Kairoi Residential has completed Waterline, a 74-story mixed-use tower located at 98 Red River St. in downtown Austin. According to the development team, at 1,025 feet, Waterline is now the tallest building in Texas. The 2.7 million-square-foot building gets its name from the site’s location near the nexus of Waller Creek and Lady Bird Lake. Construction of Waterline began in fall 2022 and topped out last August. According to the development team, construction was completed two months ahead of schedule. Waterline features approximately 350 apartments on the top 33 floors called Bosque Residences at Waterline, in addition to some 700,000 square feet of office space, a 251-room hotel that will be operated under the 1 Hotels brand and 24,000 square feet of ground-floor retail and restaurant space. Residential amenities include two pools, a fitness center, lounge, kitchen and coworking space. Office tenants also have access to a fitness center, as well as a bar and lounge and indoor meeting spaces. Kohn Pedersen Fox (KPF) served as the architect for Waterline, and DPR Construction acted as the general contractor. Canadian pension fund PSP Investments was an equity partner …

August 31, 2026

Florida Market Reports Office Southeast Southeast Market Reports

Orlando Gains Momentum Via Strong Office Leasing, Owner-User Acquisitions

by John Nelson August 31, 2026

Orlando’s office market is experiencing a notable resurgence, driven by strong sales volume across both owner-user transactions and institutional investment activity. This surge is helping push vacancies lower, tightening the leasing market and reinforcing investor confidence in the metro’s long-term fundamentals. Orlando is moving decisively past its post-pandemic softness and into a new phase of growth. Lease rates remained largely stable, with the market average sitting at $28.36 per square foot in the second quarter. Trophy space, meanwhile, commands average asking rents of $36.52 per square foot, a $4.20 premium over Class A product. However, several indicators suggest that stability may soon give way to upward movement. Recent owner-user sales activity, combined with high-profile leasing commitments such as TMRW Sports, the golf-technology venture backed by Tiger Woods and Rory McIlroy, signing for 40,000 square feet in downtown Orlando, points to tightening conditions and growing demand for premium space. Landlords with quality assets in well-located submarkets are increasingly positioned to push rents higher in the coming quarters. That growth is underpinned by strong population and employment gains, with particularly robust expansion in healthcare, technology and professional services. Health and education services posted a 4.5 percent increase in employment over the previous …

August 31, 2026

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