Property Type

Brixmor, Everview Agree to Acquire Slate Grocery REIT for $2.3B, Including 115 Retail Properties

by Taylor Williams September 28, 2026

NEW YORK CITY — Two New York City-based firms, retail owner-operator Brixmor Property Group (NYSE: BRX) and Everview Partners, a private equity and investment management group, have entered into an agreement to acquire Toronto-based Slate Grocery REIT for approximately $2.3 billion. Under the terms of the transaction, Brixmor will acquire a portfolio of 23 grocery-anchored shopping centers totaling roughly 3 million square feet for $636 million. The newly formed joint venture between Brixmor and affiliates of Everview Partners will acquire Slate Grocery’s remaining 92 properties totaling approximately 12 million square feet for approximately $1.7 billion. The shopping center portfolio that comprises Brixmor’s lone ownership piece of the transaction is concentrated predominantly across Florida, Georgia and the Carolinas. Those properties currently have an aggregate occupancy rate of about 96 percent and are anchored by grocers such as Publix, Kroger and Harris Teeter. Brixmor will take full ownership of 22 of the centers and 50 percent ownership of a single center. Additionally, Brixmor has identified approximately $100 million of redevelopment and outparcel development opportunities within those centers, including several potential Publix redevelopment projects. Within the second component of the transaction, Brixmor will hold a 20 percent common equity interest and Everview will …

September 28, 2026

Market Reports Restaurant Retail Southeast Southeast Market Reports Virginia

Richmond Retail Continues to Shine as Leasing, Investment Activity Remain Strong

by John Nelson September 28, 2026

Richmond’s retail market continues to be one of the bright spots in commercial real estate, and it’s not difficult to understand why. While many markets across the country are still working through elevated vacancies and changing consumer habits, Richmond continues to benefit from steady population growth, a diverse economy and a retail inventory that remains remarkably full. Retailers continue to expand here. Investors continue to buy here. And perhaps most importantly, consumers continue to support both national brands and local businesses in a meaningful way. The result is a market that feels healthy, active and well-positioned for future growth. Quality space is hard to find If there’s one thing everyone in can agree on today, it’s that quality retail space is increasingly difficult to find in Richmond. Vacancy throughout the region remains exceptionally low, particularly in established corridors, hovering at around 3.6 percent in the second quarter. Areas like Short Pump, Midlothian and many neighborhood shopping center locations continue to operate with very little available inventory, creating a competitive environment for retailers looking to enter the market or expand existing operations. This has caused rents to continue to trend upward, leaving the landlord with the upper hand. The interesting part …

September 28, 2026

Acquisitions Development Industrial Texas

Partnership Acquires Shuttered Mall in North Houston, Plans $150M Industrial Redevelopment

by Taylor Williams September 25, 2026

HOUSTON — A partnership between Dallas-based Lincoln Property Co. (LPC) and New York Life Investment Management has acquired a shuttered mall in North Houston with plans to implement a $150 million industrial redevelopment. Greenspoint Mall first opened in the mid-1970s at the northeast corner of I-45 and Beltway 8 and closed about two years ago. The partnership plans to demolish the mall in the coming days and redevelop the 80-acre site with 1.2 million square feet of cross-dock and rear-load industrial buildings, along with retail and service uses. The new development, which will be known as CityNorth Industrial Park, is expected to be complete in early 2028. Powers Brown Architecture is the project architect. Kimley-Horn is the civil engineer, and E.E. Reed Construction is the general contractor. Warren Hitchcock of Northmarq advised LPC on the joint venture partnership with New York Life.

September 25, 2026

Industrial Leasing Activity Texas

Cain Food Industries Signs 121,290 SF Industrial Lease in West Dallas

by Taylor Williams September 25, 2026

DALLAS — Cain Food Industries Inc. has signed a 121,290-square-foot industrial lease in West Dallas. The wholesale supplier of baking ingredients is taking space at the building at 1107 Conveyor Lane, a 220,741-square-foot building that features 32-foot clear heights, 62 dock-high doors, 97 parking spaces and roughly 3,000 square feet of office space. Canon Shoults and Maddy Coffman of Holt Lunsford Commercial represented the tenant in the lease negotiations. Sarah Ozanne and Lena Thomas of Stream Realty Partners represented the landlord, Crow Holdings.

September 25, 2026

Acquisitions Multifamily Texas

Marcus & Millichap Brokers Sale of 49-Unit Apartment Building in Kerrville, Texas

by Taylor Williams September 25, 2026

KERRVILLE, TEXAS — Marcus & Millichap has brokered the sale of Park Hill, a 49-unit apartment building in Kerrville, about 65 miles northwest of San Antonio. Park Hill was built in 1977 and comprises 11 one-bedroom units and 38 two-bedroom units. Ben Kalter, Will Balthrope and Drew Garza of Marcus & Millichap represented the seller and procured the buyer, both of which were locally based entities that requested anonymity, in the transaction.

September 25, 2026

Acquisitions Industrial Texas

CanTex Capital Buys 14,860 SF Warehouse in Haltom City, Texas

by Taylor Williams September 25, 2026

HALTOM CITY, TEXAS — Local investment firm CanTex Capital has purchased a 14,860-square-foot warehouse in Haltom City, located north of Fort Worth. The building at 2504 Minnis Drive was constructed in 1978 and was vacant at the time of sale. CanTex plans to reposition the site to support industrial outdoor storage use. Luke Clardy of Bradford Commercial Real Estate Services represented CanTex in the transaction. The seller was Roadmaster Industries Inc.

September 25, 2026

Loans New York Northeast Office

New York Life Provides $386M Loan for Refinancing of Midtown Manhattan Office Building

by Taylor Williams September 25, 2026

NEW YORK CITY — New York Life Insurance has provided a $386 million loan for the refinancing of 200 Madison Avenue, a 750,000-square-foot office building in Midtown Manhattan. The 26-story building was originally constructed in 1926. Havas Health is the building’s anchor tenant via a 15-year, 254,118-square-foot lease extension and expansion that was signed in August. Other tenants include architecture practice Spectorgroup and boutique law firm BraunHagey & Borden. Jonathan Estreich, Peter Duncan and Egor Petrov of Estreich & Co., along with Adam Spies, Adam Doneger and Willis Robbins of Newmark, arranged the five-year, floating-rate loan. The borrower, George Comfort & Sons, owns the building in partnership with Loeb Partners Realty and Jamestown.

September 25, 2026

161-Concord-Road-Billerica-Massachusetts

Development Life Sciences Massachusetts Northeast

Berkeley Garbe Underway on 150,000 SF Life Sciences Project in Billerica, Massachusetts

by Taylor Williams September 25, 2026

BILLERICA, MASS. —Berkeley Garbe, a Boston-based developer that is a joint venture between Berkeley Investments and German real estate company GARBE, is underway on construction of a 150,000-square-foot life sciences project in Billerica, located northwest of the state capital. The site spans 23 acres at 161 Concord Road, and the new building will support manufacturers in industries such as aerospace, robotics, medical devices, semiconductors, computer hardware and battery technologies. Building features will include a clear height of 28 feet and 264 car parking spaces. Avison Young is the leasing agent for the project. Construction began in June and is expected to be complete next spring, and Berkeley Garbe has since received an additional $35.4 million in financing for the project from MetLife Investment Management. Andrew Kaeyer led a capital markets team at Hunneman that arranged the debt of behalf of the developer.

September 25, 2026

Development Multifamily New York Northeast

Skyline Developers Completes 97-Unit Apartment Building in Midtown Manhattan

by Taylor Williams September 25, 2026

NEW YORK CITY — New York City-based Skyline Developers has completed a 97-unit apartment building at 18 W. 55th St. in Midtown Manhattan. Designed by Morris Adjmi Architects, the 25-story building is known as 18W55 and features studio, one-, two- and three-bedroom floor plans, as well as 5,265 square feet of retail space. Amenities include a fitness and wellness center, coworking suite with private meeting rooms, a private cinema, golf simulator and entertainment suite and a social lounge. Construction began in mid-2023 and topped out in summer 2024. Leasing launched about nine months ago, and the building is now fully occupied.

September 25, 2026

Acquisitions New York Northeast Retail

Marcus & Millichap Brokers $16.2M Sale of Bronx Retail Building

by Taylor Williams September 25, 2026

NEW YORK CITY — Marcus & Millichap has brokered the $16.2 million sale of a 28,819-square-foot retail building in The Bronx. The building at 2244 Westchester Ave. was constructed in 1970 and has housed the flagship branch and corporate headquarters of Ponce Bank for the past 25 years. Steven Siegel of Marcus & Millichap represented the seller, Arc Trust, in the transaction. Judson Kauffman of Surmount (formerly NNN Pro) represented the undisclosed buyer, which acquired the property via a 1031 exchange.

September 25, 2026

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