Saturday, February 7, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Property Type

Tustin-Financial-Plaza-Tustin-CA
AcquisitionsCaliforniaOfficeWestern

Sagard Real Estate Sells Tustin Financial Plaza in Southern California for $27.5M

by Amy Works

TUSTIN, CALIF. — Sagard Real Estate has completed the disposition of Tustin Financial Plaza, a multi-tenant office property in Tustin. A local investment firm acquired the asset for $27.5 million. The five-building asset is located at 17772, 17782, 17852 and 17862 E. 17th St. in north Tustin, about 34 miles south of Los Angeles via I-5. Totaling 185,180 square feet, Tustin Financial Plaza consists of four two-story buildings, one four-story building and a 533-space parking lot. At the time of sale, the plaza was 70 percent occupied. Tustin Financial Plaza was built on 8.5 acres in 1973. Anthony DeLorenzo, Sammy Cemo, Bryan Johnson and Greg Sullivan of CBRE represented the seller in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
Metrocenter-Phoenix-AZ
ArizonaDevelopmentLoansMultifamilyWestern

Concord Summit Capital Secures $24.5M Construction Loan for Metrocenter Mall Redevelopment in Phoenix

by Amy Works

PHOENIX — Concord Summit Capital has arranged a $24.5 million construction loan for the demolition, abatement and infrastructure entitlements for the redevelopment of Metrocenter, a mall situated on 64 acres in Phoenix. The borrowers and developers are Concord Wilshire and TLG Investment Partners. Kevin O’Grady, Daniel Eidson and Ben Applebaum of Concord Summit Capital sourced the financing for the borrowers. The Metrocenter site will be redeveloped into a mixed-use residential village offering more than 1,218 townhome units and approximately 112,000 square feet of essential and service retail. Vertical construction costs are estimated to be more than $500 million. Concord Wilshire Capital and TLG Investment began the abatement and demolition of the Metrocenter Mall last month.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentMultifamilyNew JerseyNortheast

Walters Underway on 67-Unit Multifamily Restoration Project in Brick, New Jersey

by Taylor Williams

BRICK, N.J. — New Jersey-based developer Walters is underway on Osborn Dunes at South Mantoloking, a 67-unit multifamily restoration project in the coastal community of Brick. Situated on a three-acre barrier island between Mantoloking and Normandy Beach, Osborn Dunes, formerly known as Camp Osborn, was once a small enclave of beachfront bungalows before being destroyed by Superstorm Sandy in 2012. The restoration of the site will feature 67 duplex apartments with an average size of 1,033 square feet, with work on about half of the residences now finished. Full completion is slated for Memorial Day 2025.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityNew YorkNortheastOffice

Harvey Signs 17,050 SF Office Lease Expansion in Midtown Manhattan

by Taylor Williams

NEW YORK CITY — Harvey, a San Francisco-based generative AI platform, has signed a 17,050-square-foot office lease expansion in Midtown Manhattan. The space spans the entire seventh floor of 315 Park Avenue S., a 20-story building in the Flatiron District, and complements Harvey’s original 17,050-square-foot lease that was inked this summer.  Todd Stracci, Hugh Scott and Jack Nelson of JLL represented the tenant in the lease negotiations. David Falk, Peter Shimkin and Jonathan Fanuzzi of Newmark, along with internal agents Maria Blake and Ted Koltis, represented the landlord, Columbia Property Trust.

Continue Reading
FacebookTwitterLinkedinEmail
Rockefeller-Center
LoansNew YorkNortheastOfficeRestaurantRetailTop Stories

Tishman Speyer Completes $3.5B CMBS Refinancing of Rockefeller Center in Midtown Manhattan

by Taylor Williams

NEW YORK CITY — Locally based real estate giant Tishman Speyer has completed the $3.5 billion refinancing of Rockefeller Center, a 7.3 million-square-foot mixed-use campus in Midtown Manhattan. Bank of America and Wells Fargo led the consortium of lenders that provided the CMBS financing, which carries a fixed interest rate of approximately 6.23 percent. Tishman Speyer will use the proceeds to pay off a 20-year, $1.7 billion CMBS loan and additional mezzanine financing that will mature in May 2025, as well as to fund reserves for contractual leasing costs. Dechert LLP advised Bank of America and Wells Fargo on the transaction. Rockefeller Center was originally developed in the 1920s and comprises more than a dozen buildings across 22 acres between 48th and 51st streets. The campus features office, retail, restaurant and entertainment space, as well as a 24,000-square-foot park atop Radio City Music Hall. Tishman Speyer is currently nearing completion of a redevelopment of the property. The office component of Rockefeller Center is currently 93 percent leased to global occupiers such as Deloitte, Lazard, Christie’s, Simon & Schuster and J.P. Morgan Chase. Retail and entertainment users include LEGO, Banana Republic, Anthropologie, Michael Kors, Catbird, FAO Schwarz and Nintendo. The lineup of …

Continue Reading
FacebookTwitterLinkedinEmail
Market ReportsRetailWashingtonWesternWestern Market Reports

Bellevue Retail Booms Again

by John Nelson

— By Jacob Pavlik, research manager, Colliers — A 10-mile drive east of Seattle, Bellevue is the top destination for urban retail activity in the Puget Sound. High incomes, healthy daytime employment and the most active office leasing market in the Pacific Northwest means not much more is needed to make a retail space thrive. That is, except reasonable fit-out costs for new space.  The Bellevue CBD has seen significant new construction for office buildings (with lots of ground-floor retail opportunities), delivering 3.3 million square feet over the past year alone. Unfortunately, sky-high construction pricing and office market financing challenges have made it difficult to get retail leases done in new buildings. Second-generation spaces in the submarket are the reasonable but diminishing alternative. Second-generation spaces are filling up faster than they become available. The demand is partially from tenants whose buildings were torn down for redevelopment. Given the cost of fitting out a space in a brand-new building elsewhere in the Bellevue CBD, second-generation space is the most lucrative alternative.  First-generation space, which delivers as a cold shell without HVAC, plumbing or dry wall, can cost upward of $400 per square foot to build out. Landlords tend to offer $100 …

Continue Reading
FacebookTwitterLinkedinEmail
FloridaGeorgiaLoansLouisianaNorth CarolinaRetailSouth CarolinaSoutheast

BWE Arranges Financing for 104-Property Circle K Retail Portfolio in the Sun Belt

by John Nelson

IRVINE, CALIF. — BWE has arranged a $45.5 million loan for the financing of a Circle K portfolio across six states in the Sun Belt. Located in Arizona, Florida, Georgia, Louisiana, North Carolina and South Carolina, the portfolio comprises 104 single-tenant convenience store and gas station properties. Tom Kenny and Josh Boehling of BWE’s Irvine, Calif., office arranged the loan through a life insurance company on behalf of the undisclosed borrower. The five-year, fixed-rate financing features interest-only payments and a five-year extension option.

Continue Reading
FacebookTwitterLinkedinEmail
IndustrialLoansSouth CarolinaSoutheast

CH Realty Partners Secures $50M Refinancing for Industrial Facility Near Spartanburg, Carolina

by John Nelson

UNION, S.C. — Development and investment firm CH Realty Partners has secured a $50 million loan for the refinancing of its industrial facility located at 260 Midway Drive in Union, roughly 30 miles southeast of Spartanburg. Built in 2023 for mycelium technology company MycoWorks, the property spans 150,000 square feet. The refinancing with 3650 Capital will allow CH Realty Partners to optimize the capital structure of the property and ensure long-term support for MycoWorks. CH Realty Partners is also currently underway on a build-to-suit food manufacturing facility in Wilson, N.C., for Believer Meats.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentHospitalityMixed-UseSouth CarolinaSoutheast

Frampton Begins Construction on 100-Room Residence Inn Hotel in Mount Pleasant, South Carolina

by John Nelson

MOUNT PLEASANT, S.C. — Frampton Construction Co. has broken ground on a new, 100-room hotel in Mount Pleasant. Frampton is serving as the general contractor on behalf of the developer, Bennett Hospitality, which will operate the property as Residence Inn. Upon completion, the hotel will total 82,000 square feet across five stories. The Residence Inn will be situated within the five-phase, $500 million Patriots Annex development located on the east side of Charleston Harbor and will be within walking distance of Patriots Point Soccer Stadium, the College of Charleston Baseball Stadium x Tennis Center, the Patriots Point Links golf course and the Patriots Point Naval and U.S. /Maritime Museum. The Residence Inn hotel will feature a fitness center, pool, meeting rooms and dining and bar areas. The project team includes Winford Lindsay Architect and civil engineer Seamon Whiteside. Completion of the hotel is scheduled for 2026.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsAlabamaSoutheastStudent Housing

Muinzer Acquires 752-Bed Student Housing Community Near Auburn University

by John Nelson

AUBURN, ALA. — Muinzer has acquired Samford Square, a 752-bed student housing community located near the Auburn University campus. The property offers units in two-, three- and four-bedroom configurations, all of which were fully leased at the time of sale. Shared amenities at Samford Square include a resort-style swimming pool, cyber café, resident activity room, sand volleyball court, clubhouse, hammock garden, 24-hour gaming lounge and a tanning bed. Peter Katz of Institutional Property Advisors (IPA), a division of Marcus & Millichap, brokered the transaction. The seller and terms of the deal were not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts