Tuesday, June 9, 2026
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Ivy-&-Green-Hackensack
LoansMultifamilyNew JerseyNortheast

Northwestern Mutual Provides $115M Loan for Refinancing of Hackensack Apartment Community

by Taylor Williams

HACKENSACK, N.J. — Northwestern Mutual Life Insurance Co. has provided a $115 million loan for the refinancing of Ivy & Green, a 389-unit apartment community in Hackensack. Ivy & Green was developed in phases over the last several years, with Phase I totaling 221 units and Phase II totaling 168 units. Residences come in studio, one- and two-bedroom floor plans and are furnished with stainless steel appliances, quartz countertops and individual washers and dryers. Select units have private balconies. Amenities include a pool, fitness center, coworking space, lounge, theater and music studio and a pet spa. Michael Klein, Thomas Didio, Thomas Didio Jr. and John Cumming of JLL arranged the eight-year, fixed-rate loan on behalf of the borrower, a partnership between Hornrock Properties and GTIS Partners.

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DevelopmentGeorgiaLeasing ActivityMixed-UseRestaurantRetailSoutheast

Toro Development Signs Six New Tenants at 43-Acre Medley Mixed-Use Project in Metro Atlanta

by John Nelson

JOHNS CREEK, GA. — Six new tenants have signed leases at Medley, a 43-acre mixed-use property currently underway in the north Atlanta suburb of Johns Creek. Locally based Toro Development Co. is the master developer of the project and plans to break ground in January. The newly signed tenants include Sephora, Rena’s Italian Fishery & Grill, High Country Outfitters, BODYROK, Petfolk and an undisclosed grocer. Previously announced tenants for the development, which is now roughly 75 percent leased, include Ford Fry’s Little Rey, CRÚ Food & Wine Bar, Fadó Irish Pub, Summit Coffee, Lily Sushi Bar, Knuckies Hoagies, Cookie Fix, Sugarcoat Beauty, BODY20, AYA Medical Spa, 26 Thai Kitchen and Bar, Five Daughters Bakery, Drybar Shops, Minnie Olivia, Burdlife, AMorino, Pause Studio, Fogón and Lions and Clean Your Dirty Face. Medley is currently about 75 percent leased. Upon completion in late 2026, Medley will comprise 150,000 square feet of retail, restaurant and entertainment space; a 175-room boutique hotel; 110,000 square feet of office space; 750 multifamily residences and 133 townhomes; and a 25,000-square-foot plaza. Toro also recently announced that it obtained construction financing for the project, including an undisclosed amount of equity from Ascentris, as well as a $158 million loan …

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DevelopmentFloridaMultifamilySoutheast

Alliance Residential Opens 336-Unit Prose Park View Apartments in Tampa

by John Nelson

TAMPA, FLA. — Alliance Residential Co. has opened Prose Park View, a 336-unit apartment community located at 10881 Caladesi Ave. in Tampa. The property features a mix of one- and two-bedroom units, with monthly rental rates ranging from $1,700 to $2,160, according to Apartments.com. Prose Park View is situated near several top employers in the Tampa Bay area, including Coca-Cola, Citicorp, Chase Bank, USAA and Progressive Insurance. Amenities include a 24/7 fitness center, coworking spaces, pool, fenced-in pet park and direct access to a public park via Estevez Lane.

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Trailside-Village-Forks-Township-Pennsylvania
DevelopmentMultifamilyNortheastPennsylvania

Larken Associates Breaks Ground on 420-Unit Multifamily Project in Forks Township, Pennsylvania

by Taylor Williams

FORKS TOWNSHIP, PA. — New Jersey-based developer Larken Associates has broken ground on Trailside Village, a 420-unit multifamily project in the Lehigh Valley community of Forks Township. Situated on 37 acres, the community will consist of 21 buildings, including 12 garden-style apartment buildings with one- and two-bedroom units, seven garage buildings and two mixed-use buildings with 26,795 square feet of retail space. Tenants will have access to indoor amenities such as a clubhouse with game room, lounge, work pods, fitness center, pet spa, mailroom package concierge and storage space. Outdoor amenities will include a pool with a tanning ledge and lounge seating, barbecue grilling stations, a fire pit, children’s playground, dog park and walking and biking trails. Completion is slated for 2026.

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GeorgiaHospitalityLoansSoutheast

Arriba Capital Provides $17.9M Refinancing for Darwin Hotel in Atlanta

by John Nelson

ATLANTA — Arriba Capital has provided a $17.9 million loan for the refinancing of voco The Darwin Hotel, a 111-room hospitality property located in Atlanta’s Old Fourth Ward neighborhood. The name of the locally based borrower was not disclosed. The Darwin Hotel opened in 2022, according to multiple local media outlets, and features a versatile bar space that transitions from serving coffee to cocktails, a rotating pop-up chef program, fire pits, seating areas and an additional bar space that opens into a central courtyard. Arriba Capital has financed two voco hotels by IHG, including The Darwin Hotel.

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AcquisitionsDevelopmentRetailSouth CarolinaSoutheast

Madison Commercial Completes, Sells 9,543 SF Retail Property in Metro Charlotte

by John Nelson

ROCK HILL, S.C. — Madison Commercial, an affiliate of Madison Capital Group, has completed and sold Phase II of its retail property in Rock Hill, a South Carolina suburb of Charlotte. The 9,543-square-foot building is fully leased to national tenants including Deca Dental, First Watch, Panda Express and Tropical Smoothie Café. Atlantic Retail brokered the sale. The buyer and sales price were not disclosed. The project team for Phase II included architect Redline Design and general contractor Doerre Construction. Phase I of the development began with Madison Capital affiliate, Go Store It Self Storage, transforming a big-box retail building on the back lot of the 3.6-acre site into a self-storage facility totaling 850 units. Phase I also included a retail building occupied by Chipotle, Wing Stop and My Eye Lab that previously sold.

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AcquisitionsLoansMississippiRetailSoutheast

MMCC Arranges $3.5M Acquisition Loan for Shopping Center in Clinton, Mississippi

by John Nelson

CLINTON, MISS. — Marcus & Millichap Capital Corp. (MMCC) has arranged a $3.5 million acquisition loan for Clinton Plaza, a 97,000-square-foot shopping center located at 200 Clinton Blvd. in Clinton, about 12 miles west of Jackson. The tenant roster includes Big Lots, Family Dollar and Beauty Zone. David Johnson of MMCC’s Atlanta office arranged the loan through CRE Bridge Equity on behalf of the undisclosed borrower. The seller and sales price for Clinton Plaza was not disclosed.

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AcquisitionsNortheastPennsylvaniaRetail

CBRE Brokers Sale of 103,325 SF Retail Center Near Philadelphia

by Taylor Williams

NORTH WALES, PA. — CBRE has brokered sale of The Shoppes at English Village, a 103,325-square-foot retail center in North Wales, about 25 miles north of Philadelphia. Trader Joe’s anchors the property, which was 95 percent leased at the time of sale. Other tenants include LensCrafters, Athleta, CycleBar, Hallmark, Chopt and Talbots. Chris Munley, Colin Behr, Ryan Sciullo, Casey Benson Smith, R.J. Mirabile and Michael Pascavis of CBRE represented the seller, MetLife Investment Management, in the transaction. Adam Spengler and Tom Traynor, also with CBRE, arranged acquisition financing on behalf of the buyer, Nuveen Real Estate.

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Leasing ActivityNew YorkNortheastRetail

HAPIK to Open 15,000 SF Indoor Climbing Gym in Brooklyn

by Taylor Williams

NEW YORK CITY — Fitness operator HAPIK has signed a lease to open a 15,000-square-foot indoor climbing gym in the Sunset Park area of Brooklyn. The gym will be located within Building 6 at the 35-acre Industry City mixed-use development and will feature 50 climbing walls, two rope courses and private event spaces. Chase Welles of TSCG represented the landlord, a partnership between Belvedere Capital, Jamestown and Angelo Gordon & Co., in the lease negotiations. The tenant representative was not disclosed.

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CivicDevelopmentTexasTop Stories

San Antonio International Airport Breaks Ground on New $1.2B Terminal

by Kristin Harlow

SAN ANTONIO — San Antonio International Airport (SAT) has broken ground on a new $1.2 billion terminal. The project will feature up to 17 gates, more than 800,000 square feet of new terminal space, 35,700 square feet of concessions and 29,000 square feet of club lounges. SAT says the groundbreaking represents a significant step in its commitment to meeting the increasing demands of global air travel. Featuring a modern, accessible design, enhanced passenger amenities and the latest technology, the terminal “will expand SAT’s capacity and deliver an elevated travel experience for millions.” The construction of the new terminal is part of the airport’s Terminal Development Program (TDP), which will guide future development of the airfield, terminal facilities, ground access and support infrastructure over the next 20 years. TDP is the cornerstone of Elevate/SAT, a $2.5 billion expansion and capital improvements plan to enhance SAT, the customer experience and the San Antonio region. Elevate/SAT is the largest capital improvement plan that the City of San Antonio has undertaken, according to a release. Over its lifespan, the economic impact of TDP is estimated to be $2.8 billion and is anticipated to generate more than 16,000 new jobs. TDP is the result of …

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