Property Type

Mandarin-Oriental-Retail-Collection-Boston

JLL Negotiates $83M Sale of Retail Property in Boston’s Back Bay

by Taylor Williams September 25, 2025

BOSTON — JLL has negotiated the $83 million sale of a 28,856-square-foot retail property in Boston’s Back Bay neighborhood. Known as the Mandarin Oriental Retail Collection, the spaces are located at 772 and 776-778 Boylston St. at the base of the Mandarin Oriental Hotel and within the Prudential Center. Citizens Bank anchors the space, which was 82 percent leased at the time of sale. Other tenants include Frette, MiniLuxe and Lunette Optic. Chris Angelone, Zach Nitsche, Sam Wiesman and Anthony Cutone of JLL represented the undisclosed seller in the transaction and procured the buyer, The Hennick Group.

September 25, 2025

Development Multifamily New Jersey Northeast

Accordia Receives Approval for 92-Unit Multifamily Project in West Caldwell, New Jersey

by Taylor Williams September 25, 2025

WEST CALDWELL, N.J. — New Jersey-based developer Accordia has received final site plan approval for The Vail, a 92-unit multifamily project that will be located in West Caldwell, about 25 miles outside of New York City. Accordia has closed on the land at 780 Passaic Ave. and plans to break ground on the project in the first quarter of next year. Plans for The Vail call for a mix of studio, one- and two-bedroom units that will feature individual washers and dryers in all units and private balconies in select residences. Amenities will include a fitness center, community room and coworking spaces. Accordia tapped local firm Minno & Wasko Architects and Planners for the design of The Vail.

September 25, 2025

Development Loans Multifamily New York Northeast

PGIM Provides $19.2M Mezzanine Loan for Long Island Multifamily Project

by Taylor Williams September 25, 2025

PATCHOGUE, N.Y. — PGIM has provided a $19.2 million mezzanine loan for the construction of Carriage House, a 262-unit multifamily project that will be located in the Long Island community of Patchogue. Carriage House will be a two-building development in which 20 percent of the units will be reserved as affordable housing. Information on floor plans and amenities was not disclosed. The development will also include the construction of a 30,000-square-foot riverwalk and park area. The borrower is a partnership between Asia Capital Real Estate and Nord Development.

September 25, 2025

Acquisitions Industrial New Jersey Northeast Office

CBRE Brokers $9.2M Sale of Northern New Jersey Office, Industrial Building

by Taylor Williams September 25, 2025

FLORHAM PARK, N.J. — CBRE has brokered the $9.2 million sale of a 50,600-square-foot office and industrial building in the Northern New Jersey community of Florham Park. The facility at 5 Vreeland Road was originally built in 1976 and formerly housed the operations of Tropar Trophy until the plaque-making company was sold last year. Tom Mallaney, Elli Klapper and Denise Kokulak of CBRE represented the seller, the Ilaria Family Trust, in the transaction. The team also procured the buyer, Faropoint, which has retained CBRE as the leasing agent.

September 25, 2025

Florida Loans Multifamily Southeast

Berkadia Arranges $57M Refinancing for Astor Sound at Lake Worth Apartments in South Florida

by John Nelson September 25, 2025

LAKE WORTH, FLA. — Berkadia has arranged a $57 million bridge loan for the refinancing of Astor Sound at Lake Worth, a 230-unit apartment community in South Florida’s Palm Beach County that is nearing completion. Mitch Sinberg, Scott Wadler, Brad Williamson, Matt Robbins and Patrick Johnson of Berkadia secured the two-year loan through Infinity Collective on behalf of the borrower, Midtown Capital Partners. Located at 2201 Tenth Ave. in Lake Worth, Astor Sound is situated on a 6.5-acre site next to a canal. The property will offer one-, two- and three-bedroom floorplans that range in size from 715 to 1,160 square feet. Amenities will include a resort-style pool and pavilion with a summer kitchen, fitness center, outdoor entertainment area, dog park/spa, resident coworking lounge, coffee bar, game room, conference room and an outdoor trail.

September 25, 2025

Loans Multifamily North Carolina Southeast Walker & Dunlop

Walker & Dunlop Secures Refinancing for 240-Unit Apartment Community in Durham

by John Nelson September 25, 2025

DURHAM, N.C. — Walker & Dunlop has secured the refinancing of Plat 4 at Research Triangle, a 240-unit apartment community located at 5510 Primary Drive in Durham. Sean Reimer, Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Dustin Stolly, Michael Ianno and Stanley Cayre of Walker & Dunlop’s New York City office arranged the floating-rate, interest-only loans through ACRE on behalf of the borrower, Buckingham Cos. The financing of Plat 4 at Research Triangle was executed in tandem with the refinancing of Buckingham’s Plat 10 at the Ranch in Loveland, Colo., with both transactions totaling $110 million. Built in 2023, Plat 4 offers a mix of studio, one-, two- and three-bedroom residences, as well as a pool, fitness center, lounge, car care center and a dog park.

September 25, 2025

Acquisitions Georgia Industrial Southeast

CenterPoint Properties Purchases 395,750 SF Industrial Facility in Lithia Springs, Georgia

by John Nelson September 25, 2025

LITHIA SPRINGS, GA. — CenterPoint Properties has purchased a 395,750-square-foot industrial facility located at 2124 Skyview Drive in Lithia Springs, about 19 miles west of Atlanta. The seller and sales price were not disclosed. Frank Fallon and George Fallon of CBRE brokered the transaction. Located less than one mile from I-20, the industrial facility was fully leased at the time of sale to an undisclosed logistics provider. The facility offers parking for 243 cars — expandable to 274 — and 53 trailers, as well as 47 docks with room for 31 more, three drive-in doors, 32-foot clear heights and an ESFR sprinkler system. The acquisition of the Lithia Springs property followed CenterPoint’s entry into the Atlanta market in May with the purchase of a 347,013-square-foot facility in Powder Springs, Ga.

September 25, 2025

Acquisitions Southeast Student Housing West Virginia

Centurion Property Group Acquires 534-Bed Student Housing Community Near West Virginia University

by John Nelson September 25, 2025

MORGANTOWN, W.VA. — Centurion Property Group has acquired U Club Sunnyside, a 534-bed student housing community located near the West Virginia University campus in Morgantown. The new ownership plans to rebrand the property as The View at Morgantown and implement capital improvements following the acquisition. The seller and terms of the transaction, which was brokered by JLL, were not released. Developed in 2016, the property offers units in a mix of two- and four-bedroom configurations. Shared amenities include a resort-style pool, hot tub, fitness center, community kitchen, barbecue grills and dedicated study spaces.

September 25, 2025

Acquisitions Retail South Carolina Southeast

Marcus & Millichap Brokers $9.3M Sale of Shopping Center in Walterboro, South Carolina

by John Nelson September 25, 2025

WALTERBORO, S.C. — Marcus & Millichap has brokered the $9.3 million sale of Shoppes at Walterboro, a 53,330-square-foot shopping center located approximately 48 miles west of Charleston. Originally built in 2007 on 7.4 acres, the center was renovated in 2024 with a new roof and awnings, as well as a resurfaced parking lot. Walmart shadow-anchors the property, which was 97 percent leased at the time of sale to tenants including Five Below, Dollar Tree, Cato Fashions, Shoe Show, It’s Fashion, AT&T and China Buffet. Al Taf of Marcus & Millichap represented the seller in the transaction. Benjamin Yelm was Marcus & Millichap’s broker of record in South Carolina.

September 25, 2025

Affordable Housing Features Multifamily

How The One Big Beautiful Bill Supports Federal Tax Credits for Housing

by Taylor Williams September 25, 2025

By Lisa Lim, member, real estate & housing specialist, Rosenberg & Estis PC On July 4, 2025, President Trump signed the One Big Beautiful Bill Act (BBB) into law. The legislation represents one of the nation’s most sweeping tax, spending and regulatory shakeups in decades, touching everything from border enforcement to energy. The passing of the bill also marked a significant step in addressing the nation’s worsening housing crisis, as well as the need for community reinvestment. Policymakers have long debated the best ways to incentivize the construction of affordable housing, spur economic development and preserve historic buildings. The BBB was designed, in part, to meet those goals by expanding and permanently extending key federal tax credit programs, including the Low-Income Housing Tax Credit (LIHTC), the New Market Tax Credit (NMTC) and the Historic Tax Credit (HTC). In this article, we address what each of the legislative impacts are for each of those programs and assess their ramifications on the broader U.S. housing market. Low-Income Housing Tax Credits At the most basic level, the BBB gives states more money to support affordable housing by permanently increasing the amount of Low-Income Housing Tax Credits (LIHTCs) they receive by 12 percent. These …

September 25, 2025

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