Property Type

Related Ross Acquires 208-Room The Ben Hotel in Downtown West Palm Beach

by Abby Cox March 2, 2026

WEST PALM BEACH, FLA. — Locally based Related Ross has acquired The Ben, Autograph Collection, a 208-room luxury hotel property located on the waterfront in downtown West Palm Beach. Jordan Roeschlaub, Nick Scribani, John Caraviello, Tyler Dumon and Tate Keir of Newmark arranged $172.5 million in acquisitioning financing through Nomura on behalf of Related Ross. Robert Webster, Ron Danko, Jr., and Timothy Southard of CBRE represented the seller, Greenwich, Conn.-based Wheelock Street Capital, in the transaction. The sales price was not disclosed. Wheelock Street Capital originally acquired The Ben in 2021. Situated near the CityPlace retail lifestyle center (formerly known as Rosemary Square), The Ben opened in 2020 and includes amenities such a rooftop lounge with a heated swimming pool, cabanas and a bar, 24-hour fitness center, library, onsite restaurant and roughly 18,475 square feet of event space. The boutique hotel offers various experiences to guests like private yacht charters and sunrise yoga.

March 2, 2026

Acquisitions Retail Southeast Tennessee

Manova Partners Sells 323,927 SF Nashville West Shopping Center

by Abby Cox March 2, 2026

NASHVILLE, TENN. — Manova Partners, an international independent real estate firm headquartered in Munich, has sold Nashville West Shopping Center, a 323,927-square-foot, super-regional shopping center in Nashville near Vanderbilt University. Chris Decoufle, Kevin Hurley, Matt Karempelis of CBRE marketed the property on behalf of the seller. The buyer and sales price were not disclosed. Situated at the intersection of I-40 and Charlotte Pike, Nashville West was built in phases from 2007 to 2008 and comprises six single-story buildings across 31 acres. Tenants at the center, which was 98 percent leased at the time of sale, include Dick’s Sporting Goods, Best Buy, Ross Dress for Less, Marshalls, Cost Plus World Market, Old Navy, DSW and Books-A-Million. Costco, Target and Publix shadow-anchor the center.

March 2, 2026

Georgia Leasing Activity Retail Southeast

JLL Signs Four New Tenants to Join Collection at Forsyth Project in Cumming, Georgia

by Abby Cox March 2, 2026

CUMMING, GA. — JLL has signed four new tenants to leases at The Collection at Forsyth, a 565,000-square-foot mixed-use lifestyle center located in Cumming, a north Atlanta suburb. Sherri Wilson of JLL handles leasing efforts on behalf of the owner, CTO Realty Growth (CTO). Civil engineer firm Kimley-Horn will open a 16,500-square-foot office at the property, while real estate brokerage firm Berkshire Hathaway HomeServices Georgia Properties will operate a 4,002-square-foot space. Warby Parker will debut a 1,200-square-foot storefront, and The Cheesecake Factory will open a smaller-format restaurant (roughly 6,500 square feet) that will backfill a former Wild Wings Café. Other recent additions to The Collection at Forsyth include Sephora, Kilwins, BODYROK, The PICKLR, J. Crew Factory, Pandora, Build-A-Bear Workshop, Rocket Fizz Soda Pop and Candy Shop, Giggle Town, Dermani Medspa, Bahama Buck’s, True Rest Float Spa, Le Macaron, Spavia, F45 Training, Woof Gang Bakery and Master Jewelers. The Collection at Forsyth is 95 percent leased, with all remaining tenants expected to open this year.

March 2, 2026

Development Industrial New York Northeast Self-Storage

Ardent, Ironwood Complete 950-Unit Self-Storage Facility in Copiague, New York

by Taylor Williams March 2, 2026

COPIAGUE, N.Y. — A partnership between Atlanta-based developer The Ardent Cos. and Ironwood Development Partners has completed a 950-unit self-storage facility in Copiague, located on Long Island. Extra Space Storage will operate the facility, which spans 108,201 square feet, though it is unclear if that figure refers to gross or net rentable square footage. Park East Construction served as the general contractor for the project. Michael Sudano Architect PC designed the facility, and R&M Engineering acted as the civil engineer. A formal opening took place in mid-December.

March 2, 2026

Acquisitions Multifamily New Jersey Northeast

JRK Property Holdings Acquires 301-Unit Apartment Complex in Hoboken

by Taylor Williams March 2, 2026

HOBOKEN, N.J. — Los Angeles-based investment firm JRK Property Holdings has acquired 77 Park Avenue, a 301-unit apartment complex in Hoboken. Built in 2000, the property offers one-, two- and three-bedroom units that are furnished with stainless steel appliances, granite countertops, hardwood flooring, walk-in closets and private balconies. Amenities include a fitness center, sundeck, outdoor grilling stations and onsite laundry facilities. The seller was Equity Residential, and the property traded as part of a $400 million portfolio deal that was brokered by CBRE.

March 2, 2026

Acquisitions Delaware Northeast Office

NAI Emory Hill Brokers Sale of 27,000 SF Office Building in Newark, Delaware

by Taylor Williams March 2, 2026

NEWARK, DEL. — NAI Emory Hill has brokered the sale of a 27,000-square-foot office building in Newark, located near the Delaware-Pennsylvania border. The building at 254 Chapman Road sits on a 1.9-acre site within the University Office Plaza development and was 93 percent leased at the time of sale. Jim O’Hara Jr. of NAI Emory Hill represented the seller, BRB Realty, in the transaction. EXP Realty represented the buyer, Life Reign International LLC.

March 2, 2026

Loans New York Northeast Office Top Stories

Cushman & Wakefield, Greystone Arrange $800M Refinancing of Midtown Manhattan Office Building

by Taylor Williams March 2, 2026

NEW YORK CITY — Cushman & Wakefield and Greystone Capital Advisors have co-arranged an $800 million loan for the refinancing of 550 Madison Avenue, a 41-story, roughly 685,000-square-foot office building in Midtown Manhattan. The borrower is The Olayan Group, a family-owned international investment firm. A consortium of lenders led by Rothesay, a pension insurance company based in the United Kingdom, and ING Capital provided the debt. Several other lending institutions and insurance companies, including Crédit Agricole CIB, BBVA, BNP Paribas, Société Générale and Chubb, also participated in the financing. John Alascio, Gideon Gil, Alexander Hernandez, Alex Lapidus, Zach Kraft, Meredith Donovan and Cecelia Galligan led the transaction for Cushman & Wakefield. The team collaborated with Greystone’s Drew Fletcher, Bryan Grover and Jesse Kopecky to place the debt on behalf of ownership. According to Wikipedia, the building was originally constructed in 1984 as the headquarters of AT&T Corp. and would later house the headquarters of Sony. Olayan Group acquired 550 Madison Avenue in 2016 and subsequently implemented a $300 million capital improvement program. Designed by Norwegian architecture firm Snøhetta, the renovation repositioned the former single-tenant headquarters building into a multi-tenant workplace destination. Building features include a triple-height lobby, a half-acre public …

March 2, 2026

Market Reports North Carolina Restaurant Retail Southeast Southeast Market Reports

Scarcity Shapes Strategy: How Tight Vacancy Is Redefining Retail in Raleigh

by John Nelson March 2, 2026

If there is one defining characteristic of the Raleigh-Durham retail market today, it is scarcity. Exceptionally low vacancy — especially in high-quality, well-located centers — has become the norm rather than the exception, fundamentally reshaping leasing dynamics, rent growth and development strategy across the region. As of third-quarter 2025, overall retail vacancy in Raleigh-Durham stood at approximately 2.4 percent, marking four consecutive years below the 3 percent threshold. Even more telling, spaces under 10,000 square feet posted vacancy closer to 1.8 percent, underscoring just how competitive conditions have become for local and regional tenants. This imbalance between demand and supply has placed landlords in a position of sustained leverage, particularly in grocery-anchored centers, strong neighborhood and lifestyle shopping centers or mixed-use environments. Low vacancy matters because it drives outcomes. Lease-ups are happening faster, concessions are increasingly rare in top trade areas and rents continue to trend upward. For tenants, especially those seeking smaller footprints, waiting to engage often means missing opportunities altogether. For owners, the market rewards proactive asset management and disciplined tenant selection. A clear example of this dynamic is Olde Raleigh Village, a grocery-anchored community shopping center that is currently 100 percent leased. With no vacancy to contend …

March 2, 2026

California Market Reports Restaurant Retail Western Western Market Reports

The Appeal of OC Retail Is More Than Looks and Fantasy — It’s Reality

by John Nelson February 27, 2026

— By John Read of CBRE Retail Investment Properties-West — Orange County is often defined by its 42 miles of Pacific coastline, its globally recognized theme parks like Disneyland and Knott’s Berry Farm, and retail landmarks like South Coast Plaza and Fashion Island. Those assets contribute to the region’s visibility and appeal. But they are not what ultimately sustain its retail performance. The county’s strength is rooted in its scale and demographics. Encompassing nearly 800 square miles, Orange County is home to more than 3.1 million residents and one of the most diverse populations in the U.S., including the second-highest share of foreign-born residents in Southern California. The county’s strong retail fundamentals are supported by significant affluence and education. Average household income exceeds $157,000, and 46 percent of residents hold a bachelor’s degree or higher. Orange County is also home to major employers, including Disney, UC Irvine, Providence, Kaiser Permanente and Hoag, maintaining a low unemployment rate of 3.9 percent. These factors collectively make Orange County’s retail property fundamentals undeniable. The Orange County retail market ended the fourth quarter with a countywide availability rate of 3.9 percent, down 10 basis points from the previous quarter. Several submarkets were even tighter. …

February 27, 2026

Development Loans Mixed-Use Texas

Mark IV Capital Receives $86M Construction Loan for Metro Austin Mixed-Use Project

by Taylor Williams February 27, 2026

ROUND ROCK, TEXAS — California-based Mark IV Capital has received an $86 million construction loan for Phase I of The District, a mixed-use project that will be located in the northern Austin suburb of Round Rock. The site is adjacent to the headquarters campus of Dell, and Phase I of The District will feature a 316-unit apartment complex that will be known as Origin at The District and that will include 23,042 square feet of ground-floor retail and restaurant space. Units will come in studio, one- and two-bedroom floor plans, and amenities will include a pool, fitness center, clubhouse lounge and outdoor entertainment spaces. Phase I will also include a 40,750-square-foot food-and-beverage plaza that will comprise six buildings with tenant spaces ranging in size from 1,500 to 11,750 square feet. Vertical construction of Origin is now underway, and completion of Phase I is slated for early 2028. George Smith Partners arranged the financing through BDT & MSD Partners and an affiliate of global private equity firm Apollo.

February 27, 2026

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