Property Type

Island-Waterpark-at-Showboat-Atlantic-City

PLG Provides $45.5M C-PACE Loan for Atlantic City Entertainment Venue

by Taylor Williams February 3, 2026

ATLANTIC CITY, N.J. — PACE Loan Group (PLG) has provided a $45.5 million C-PACE (Commercial Property Assessed Clean Energy) loan for Island Waterpark at Showboat, a 120,000-square-foot entertainment venue in Atlantic City. The venue opened in summer 2023 via conversion of a surface parking lot at the adjacent Showboat Resort and includes 10 waterslides, a multi-level children’s play structure, lazy river, four restaurants and three bars. The borrower, Bart Blatstein of Philadelphia-based Tower Investments Inc., will use a portion of the proceeds to pay down existing construction debt on the property.

February 3, 2026

Florida Loans Multifamily South Carolina Southeast Tennessee

Newmark Arranges $690M Refinancing for West Shore’s Multifamily Portfolio in Sun Belt

by John Nelson February 3, 2026

BOSTON — Newmark has arranged a $690 million CMBS loan for the refinancing of a 13-property, 4,077-unit multifamily portfolio in the Sun Belt. The borrower, Boston-based West Shore, is refinancing properties in five Florida cities — Daytona Beach, Gainesville, Melbourne, Ocala and Tallahassee — as well as Columbia and Lexington, S.C.; Knoxville, Tenn.; and Bryan, Texas. Purvesh Gosalia arranged the cash-out, single-asset single-borrower (SASB) refinancing through Citi. The transaction represents the largest multifamily closing in the United States year-to-date, according to Newmark.

February 3, 2026

Development Florida Hospitality Loans Mixed-Use Multifamily Southeast

Goldman Sachs Provides $360M Construction Financing for Four Seasons Hotel and Residences Jacksonville

by John Nelson February 3, 2026

JACKSONVILLE, FLA. — Goldman Sachs Private Bank, an arm of the lender’s Wealth Management division, has provided $360 million in construction financing for Four Seasons Hotel and Residences Jacksonville, a development that will comprise a 170-room Four Seasons hotel and 26 private residences. The homes, which will begin selling at $4.7 million, will range from two- to five-bedrooms and span 1,930 to 7,936 square feet in size. The borrowers, Shanna Collective and Iguana Investments, are co-developing Four Seasons Hotel and Residences Jacksonville, which comprise two 10-story buildings. Situated along the St. Johns River, the property will feature a 78-slip marina developed on behalf of the City of Jacksonville, as well as upscale amenities and three restaurants. The hotel and condos will be situated near the revamped arena for the NFL’s Jacksonville Jaguars in the city’s sports and entertainment district. Shanna Collective and Iguana Investments topped off the development in August 2025 and plan to debut both components in 2027.

February 3, 2026

Acquisitions North Carolina Office Southeast

CBRE Negotiates Sale of 198,424 SF Office Building in Morrisville, North Carolina

by John Nelson February 3, 2026

MORRISVILLE, N.C. — CBRE has negotiated the sale of Forty540 II, a 198,424-square-foot, five-story office building located at 710 Slater Road in Morrisville, about 14 miles northwest of Raleigh. Patrick Gildea, Matt Smith, Ben Kilgore and Chandler Hawkins of CBRE represented the seller, FCP, in the transaction. The buyer and sales price were not disclosed. Delivered in 2021 near the intersection of I-40 and I-540, Forty540 II was 94.6 percent leased at the time of sale to tenants including Renesas, N-Able and Synopsys. Amenities include a rooftop sky lounge, fitness center, conference and collaboration areas and outdoor patio space. CBRE’s Brad Corsmeier and Ed Pulliam were the property’s previous leasing agents. The duo signed Renesas to a nearly 90,000-square-foot lease at Forty540 II in May 2023.

February 3, 2026

Acquisitions Alabama Multifamily Southeast Student Housing

Marcus & Millichap Brokers $26.5M Sale of Multifamily Portfolio in Auburn, Alabama

by John Nelson February 3, 2026

AUBURN, ALA. — Marcus & Millichap has brokered the $26.5 million sale of a three-property multifamily portfolio in Auburn. The properties include Vue on Dean (61 units constructed in 1977), Vue on Glenn (72 units built in 1974) and Vue on Ross (54 units completed in 1964). Josh Jacobs of Marcus & Millichap’s Birmingham office represented the seller and procured the buyer in the transaction. Both parties requested anonymity. The seller recently invested $3.3 million to upgrade 90 percent of the portfolio’s unit interiors as well as update the properties’ landscaping, painting and re-branding.

February 3, 2026

Acquisitions Industrial Northeast Pennsylvania

Realterm Buys Industrial Outdoor Storage Facility in Lehigh Valley

by Taylor Williams February 3, 2026

ALLENTOWN, PA. — Realterm, a Maryland-based investment manager focused on the transportation real estate industry, has purchased an industrial outdoor storage (IOS) facility in the Lehigh Valley city of Allentown. The site at 925 N. Godfrey St. spans 4.2 acres, includes a 27,407-square-foot warehouse and was fully leased at the time of sale to Student Transportation of America Inc. Ryan Cottone and John Plower of JLL represented the undisclosed seller in the transaction.

February 3, 2026

Industrial Leasing Activity New Jersey Northeast

Resource Realty Arranges 30,131 SF Industrial Lease in Rockaway, New Jersey

by Taylor Williams February 3, 2026

ROCKAWAY, N.J. — Resource Realty of Northern New Jersey has arranged a 30,131-square-foot industrial lease in Rockaway, about 35 miles west of New York City. According to LoopNet Inc., the building at 400 Forge Way was completed in 1986 and totals 73,131 square feet. Brian Wilson and Scott Peck of Resource Realty represented the landlord in the lease negotiations. The name and representative of the tenant were not disclosed.

February 3, 2026

Civic Development Massachusetts Northeast

Gilbane Tops Out 19,335 SF Academic Project in Metro Boston

by Taylor Williams February 3, 2026

NEWTON, MASS. — Gilbane Building Co. has topped out a 19,335-square-foot academic project in metro Boston. The building is a new dining hall for students at The Fessenden School, a K-12 establishment in Newton, located just west of the state capital. The building will feature an all-electric kitchen and a flexible design that divides the dining room into two zones separated by a central servery and flex bar.

February 3, 2026

California Leasing Activity Office Western

Anthropic Leases 466,000 SF Office Tower in San Francisco

by Amy Works February 3, 2026

SAN FRANCISCO — Anthropic, a leader in AI technology, has leased the entirety of 300 Howard, a 25-story, 466,000-square-foot office tower, and 342 Howard, a historic 18,000-square-foot building, both in San Francisco. The properties are owned and managed by a joint venture between DivcoWest and Blackstone Real Estate. JLL’s Chris Roeder, Ted Davies and Carlye Parker represented DivcoWest and Perform Properties, Blackstone Real Estate’s retail and office portfolio company, in lease negotiations. Felipe Gomez-Kraus and John Diepenbrock of JLL represented Anthropic.

February 3, 2026

Acquisitions California Development Hospitality Multifamily Retail Western

Shopoff Realty Investments Buys Balance of Westminster Mall in California for Mixed-Use Redevelopment Project

by Amy Works February 3, 2026

WESTMINSTER, CALIF. — Shopoff Realty Investments has acquired the remainder of the Westminster Mall, totaling an additional 57.5 acres, ahead of its planned mixed-use redevelopment, Bolsa Pacific at Westminster. Washington Pacific Group was the seller. Lee Aarons of Land Advisors represented the buyer in the deal. Shopoff previously purchased the mall’s 14.1-acre former Sears parcel in July 2022 and the 11.7-acre Macy’s parcel in August 2022. The 83.3-acre project site currently houses the Westminster Mall and surrounding retail. The planned Bolsa Pacific at Westminster development will deliver approximately 2,250 housing units, including a mix of for-sale housing, as well as market-rate and affordable rental housing. The project will also include more than 120 hotel keys, as well as more than 220,000 square feet of retail space. The site will also dedicate more than 15 acres to open space, including private resident spaces, open-air promenades and a network of walking trails. Current entitlement plans have been submitted to the city for review with anticipated approval in 2026. Demolition of the existing mall is planned for first-quarter 2026, with Target continuing to operate during this time. Once demolition and entitlements are completed, construction is slated to begin in fourth-quarter 2026.

February 3, 2026

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