Property Type

Berkadia Arranges $69M in Acquisition Financing for Two Multifamily Properties in Wisconsin

by Kristin Harlow February 25, 2026

PLEASANT PRAIRIE, WIS. — Berkadia has arranged the sale and $69 million in acquisition financing for Cobblestone Creek and Fountain Ridge, two multifamily properties in Pleasant Prairie within Kenosha County. Pete Evans and Richard Evans of Berkadia represented the undisclosed seller, while Laura Cathlina, Chris Blechschmidt and Emily Stang of Berkadia arranged Freddie Mac financing on behalf of the buyer, Illinois-based Santefort Real Estate Group. Cobblestone Creek is a four-building, 164-unit community built from 2013 to 2015. Fountain Ridge consists of 262 units across 13 buildings and was built from 2017 to 2019. Both properties have been consistently fully occupied and present value-add upside, according to Berkadia.

February 25, 2026

Acquisitions Healthcare New Hampshire Northeast

BGO Acquires 30,000 SF Healthcare Clinic in Londonderry, New Hampshire

by Taylor Williams February 25, 2026

LONDONDERRY, N.H. — BGO, the institutional investment firm formerly known as BentallGreenOak, has acquired a 30,000-square-foot healthcare clinic in Londonderry, located near the Massachusetts-New Hampshire border. Known as Lahey Medical Center, the building was completed in 2025 as a purpose-built facility for regional provider Beth Israel Lahey Health. Practices housed within the facility include oncology, infusion, cardiology, gastroenterology and neurology.

February 25, 2026

Development Michigan Midwest Office

Michigan Central to Debut 17,000 SF The Mezz Workspace in April

by Kristin Harlow February 25, 2026

DETROIT — This April, Michigan Central will open The Michigan Central Mezz, a new work and collaboration space that expands access to the innovation district in Detroit. The Mezz spans 17,000 square feet on the mezzanine level of Michigan Central Station. The workspace offers a variety of desks and work setups, meeting rooms, quiet zones, a kitchen and private wellness rooms. Access to The Mezz requires Michigan Central membership. The network at Michigan Central includes founding partners Ford Motor Co., Google, the State of Michigan, the City of Detroit, Henry Ford Health and Newlab, a venture platform that partners with Michigan Central to support the mobility, energy and manufacturing startups that are part of the district. More than 2,000 professionals and 240 companies work across the 30-acre Michigan Central.

February 25, 2026

Illinois Leasing Activity Midwest Office Restaurant Retail

Espiritu to Open 10,000 SF Restaurant at One East Wacker Office Building in Chicago

by Kristin Harlow February 25, 2026

CHICAGO — Fine dining restaurant and bar concept Espiritu has signed a lease to open a roughly 10,000-square-foot ground-floor space at One East Wacker, a Chicago office building owned by AmTrustRE. Espiritu comes from the restaurateurs behind Chicago Cut Steakhouse and Cerdito Muerto, Matt Moore and Emidio Oceguera. The dining concept blends classic Chicago dishes with a modern Mexican flair. In addition to 10,000 square feet of indoor space, the restaurant will include 2,200 square feet of adjoining outdoor patio area along Wacker Drive. Dana Moyles of Dana Moyles Real Estate Services represented Espiritu in the lease, while John Vance and Will Winter of Stone Real Estate represented the landlord. AmTrustRE has also secured three new office leases at the property, including Flight Centre Travel Group (USA) Inc., the Trade Commission of Spain in Chicago and the Consulate General of Bosnia and Herzegovina in Chicago. Signed to 7,216 square feet of office space on the 13th floor, Flight Centre Travel Group is one of the world’s largest global travel agencies. JLL’s Sarah Silva and Bess Cooney represented the tenant. The Trade Commission Office of Spain, of the Government of the Kingdom of Spain, will occupy 4,326 square feet on the …

February 25, 2026

Development New York Northeast Office Top Stories

American Express to Build 2 MSF Global Headquarters at 2 World Trade Center in Lower Manhattan

by Kristin Harlow February 25, 2026

NEW YORK CITY — American Express (NYSE: AXP) has unveiled plans to build a new global headquarters at 2 World Trade Center in Lower Manhattan. The credit card giant will be the sole owner and occupant of the new building, which is slated for completion in 2031. Spanning nearly 2 million square feet across 55 floors, the tower will have capacity to host up to 10,000 colleagues across flexible and modern workspaces. The project will feature more than an acre of outdoor space with several greenery-filled terraces and gardens that will offer views of the Manhattan skyline. “This is an investment in our company’s future, our colleagues and the Lower Manhattan community, reaffirming our deep commitment to the neighborhood we’ve called home for nearly two centuries,” says Stephen Squeri, chairman and CEO of American Express. Silverstein Properties is the developer, and Foster + Partners is the design architect. Fried Frank advised American Express on the development agreement. The project team is pursuing LEED certification and integrating smart-building technology and fully electric, energy-efficient mechanical systems. Located at 200 Greenwich St., the building will be developed on land owned by The Port Authority of New York and New Jersey (PANYNJ) under a …

February 25, 2026

Autry-C.-Stephens-Engineering-Discovery-Building

Civic Development Texas

Vaughn Construction Underway on 210,000 SF Academic Project at University of Texas at Austin

by Taylor Williams February 24, 2026

AUSTIN, TEXAS — General contractor and project manager Vaughn Construction is underway on Autry C. Stephens Engineering Discovery Building, a 210,000-square-foot academic project at the University of Texas at Austin (UT). Designed by Los Angeles-based CO Architects and Austin-based BGK Architects, the seven-story structure will be located on the eastern edge of campus and will be able to accommodate up to 32 faculty researchers and 335 graduate students and postdoctoral fellows. The building, which will house the operations of UT’s petroleum/geosystems and chemical engineering programs, will also feature dedicated tutoring areas and conference/meeting rooms, as well as an outdoor pavilion. The project is expected to be complete this fall.

February 24, 2026

Acquisitions Multifamily Texas

Marcus & Millichap Brokers Sale of 108-Unit Alto Apartments in Northwest San Antonio

by Taylor Williams February 24, 2026

SAN ANTONIO — Marcus & Millichap has brokered the sale of The Alto, a 108-unit apartment complex in northwest San Antonio. Built on 5.7 acres in 1984, The Alto offers one- and two-bedroom units and amenities such as a pool, clubhouse and outdoor lounge areas. Ben Kalter, Drew Garza and Will Balthrope of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

February 24, 2026

Industrial Leasing Activity Texas

Texarkana College Signs 19,040 SF Industrial Lease at TexAmericas Center

by Taylor Williams February 24, 2026

TEXARKANA, TEXAS — Texarkana College has signed a 19,040-square-foot industrial lease at TexAmericas Center (TAC), a 12,000-acre mixed-use and industrial park located near the Arkansas-Texas border. The term is two years followed by optional terms of 12 months each. The school, which is a long-term tenant at TAC and also leased an 8.9-acre parking lot as part of the deal, will use the space for satellite classes.

February 24, 2026

Acquisitions Retail Texas

SRS Negotiates Sale of 15,502 SF Retail Strip Center in Northwest San Antonio

by Taylor Williams February 24, 2026

SAN ANTONIO — SRS Real Estate Partners has negotiated the sale of Alamo Ranch South, a 15,502-square-foot retail strip center in northwest San Antonio. Built in 2024, the center was fully leased at the time of sale to tenants such as The UPS Store, Five Guys and Club Pilates. Cathy Nabours, Kyle Shaffer and Sam Nichols of SRS represented the seller, a San Antonio-based developer, in the deal. The buyer was an El Paso-based private investor.

February 24, 2026

Florida Industrial Loans Southeast

Redfearn Capital, TPG Angelo Gordon Close $150M Refinancing for Industrial Portfolio in Florida

by John Nelson February 24, 2026

DELRAY BEACH, FLA. — A partnership between Delray Beach-based Redfearn Capital and TPG Angelo Gordon’s U.S. Real Estate platform has closed on the refinancing for a 10-property industrial portfolio in Florida. CBRE’s Debt & Structured Finance Team secured the $150 million refinancing through Prospect Ridge. The financing includes an initial $80 million backed by the portfolio and up to $70 million in additional capacity to support future acquisitions. The portfolio is located across seven high-growth Florida markets: Orlando, Clearwater, Pompano Beach, Jacksonville, Naples, Hialeah and Miramar. The properties total 590,895 square feet and were 98.4 percent leased at the time of financing to 19 tenants. Redfearn Capital and TPG Angelo Gordon have acquired 37 industrial assets in Florida spanning approximately 3.2 million square feet since 2021. The 10 properties in the refinanced portfolio were assembled by the partnership from June 2022 through October 2025.

February 24, 2026

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