Top Stories

Fisher Brothers Receives $117.5M Loan for Refinancing of Miami Multifamily Community

by Abby Cox March 20, 2026

MIAMI — New York City based-Fisher Brothers has received a $117.5 million bridge loan for the refinancing of Joule House at Calle Collective, a 308-unit multifamily community located in the Wynwood neighborhood of Miami. Bain Capital provided the floating-rate, interest-only loan. “The successful refinancing of Joule House is a strong reflection of both the property’s performance since opening last summer and the market’s confidence in well-executed, design-driven residential communities in Wynwood,” says Winston Fisher, partner at Fisher Brothers. Situated at 2200 N.W. 1st Ave., Joule House spans eight stories and features studio, one- and two-bedroom floorplans, with select two- and three-bedroom penthouses ranging in size from 985 to 1,400 square feet. Monthly rental rates begin at $2,512. Approximately 23,000 square feet of amenities are available for residents, including a swimming pool, cabana, spa, clubhouse, business center, fitness center, lounge, bicycle storage, a game room, conference rooms and electric vehicle charging stations. In December of last year, Fisher Brothers signed a new retail lease with SunLife Organics, a smoothie, juice and açai bowl bar that will open on the ground floor of Joule House in the third quarter. The Calle Collective, which is located within the Joule House development, serves as a retail, …

March 20, 2026

Development Georgia Healthcare Southeast Top Stories

Grady Health System Plans $1B Medical Campus in South Atlanta Suburb

by John Nelson March 19, 2026

UNION CITY, GA. — Grady Health System has announced plans for the development of a new campus in Union City, roughly 20 miles southwest of Atlanta. Project costs for the development are expected to total more than $1 billion. Scheduled to open in phases, the campus will feature a medical office building and an acute care hospital. The two buildings will be situated near a freestanding emergency department that is currently under construction. Grady plans to open that facility in June and integrate it into the larger campus in the future. The hospital will feature 200 critical care, intermediate care and acute care beds. Grady expects that the hospital will serve as a Level 3 verified trauma center, equipped to perform emergency surgery, resuscitate and stabilize patients with serious injuries. The medical office building will offer imaging services, a surgery center, specialty clinics, pharmacy services, rehabilitation and pediatric care. Construction on the medical office building is scheduled for completion in early 2028, with the hospital planned to open in 2031. Financing for the project includes $300 million in Fulton County bond funding and funds raised through a multi-year capital campaign. “We are proud of this latest partnership with Grady,” said …

March 19, 2026

Development Industrial Northeast Pennsylvania Top Stories

TerraPower Isotopes to Invest $450M for Manufacturing Facility at The Bellwether District in Philadelphia

by Kristin Harlow March 18, 2026

PHILADELPHIA — Nuclear science company TerraPower Isotopes (TPI) has unveiled a $450 million investment plan to establish a radioisotope manufacturing facility in Philadelphia that will support the development of cancer-fighting drugs. The Commonwealth of Pennsylvania is investing $10 million for the project, which is expected to create 225 new full-time jobs over the next three years. TPI will lease a 250,000-square-foot build-to-suit facility within The Bellwether District, a 1,300-acre industrial campus in South Philadelphia that is the redevelopment of the former Philadelphia Energy Solutions refinery. TPI will utilize the flagship East Coast facility to produce actinium-225 for use in the development of cancer treatments. TPI received a funding proposal from the Pennsylvania Department of Community and Economic Development for a $7 million grant through the PA SITES Program, and a $3 million Pennsylvania First grant. The company is also eligible to apply for the department’s Manufacturing Tax Credit and the Qualified Manufacturing and Innovation Reinvestment Deduction programs. According to TPI, the development of an East Coast manufacturing facility, along with expanding capacity in its existing Everett, Wash., facility, will increase production capacity 20-fold of actinium-225. Real estate investment company HRP Group, formerly known as Hilco Redevelopment Partners, is developing The …

March 18, 2026

Acquisitions Company News Georgia Maryland Multifamily North Carolina Southeast Top Stories Virginia

AH Realty Trust Agrees to Sell 11-Property Multifamily Portfolio to Harbor Group for $562M

by John Nelson March 17, 2026

VIRGINIA BEACH AND NORFOLK, VA. — AH Realty Trust (NYSE: AHRT), a Virginia Beach-based real estate investment trust (REIT) that changed its name from Armada Hoffler two weeks ago, has agreed to sell 11 of its 14 apartment properties to Norfolk-based Harbor Group International LLC for $562 million in an all-cash transaction. The deal marks an effort by AH Realty to pivot away from the multifamily sector. Harbor Group has provided a $15 million nonrefundable deposit for the transaction, which the companies say is not contingent on financing. The portfolio sale is expected to close in mid‑2026, subject to customary closing conditions. “HGI is acquiring a strong, stable portfolio that has served our company well,” says Shawn Tibbetts, chairman, president and CEO of AH Realty Trust. “By realizing the value of these assets, AH Realty Trust is able to simplify our business, strengthen our balance sheet and continue executing our strategy with clarity and purpose.” According to multiple media outlets, including the Baltimore Business Journal, the assets in the portfolio include: AH Realty Trust will retain Smith’s Landing, a five-story, 284-unit property in Blacksburg, Va. The firm will also keep The Everly and Solis Gainesville in Gainesville, Ga., with the intention …

March 17, 2026

Company News Industrial Self-Storage Top Stories

Public Storage Agrees to Acquire National Storage Affiliates in $10.5B Deal

by Taylor Williams March 16, 2026

FRISCO, TEXAS AND GREENWOOD VILLAGE, COLO. — Public Storage (NYSE: PSA) has entered into an agreement to acquire National Storage Affiliates (NYSE: NSA) in an all-stock transaction valued at approximately $10.5 billion. Under the terms of the agreement, which is expected to close in the third quarter, NSA shareholders will receive 0.14 of a share of Public Storage common stock for each NSA share they own. The same arrangement applies to shareholders of operating partnership (OP) units of NSA. The price represents a total consideration of $41.68 per share based on Public Storage’s closing per-share price of $297.72 on March 13, 2026. “Public Storage is the ideal strategic fit for our company given their best-in-class brand, operating platform and future growth profile, said David Cramer, CEO of NSA. “By joining PSA, we ensure that the entrepreneurial spirit of our regional partners is preserved within a global platform capable of driving unprecedented scale.” Immediately prior to closing, Public Storage and limited partners in NSA’s OP will form a joint venture that will consist of 313 properties on NSA’s operating platform comprising 19.6 million rentable square feet across 28 states and Puerto Rico. The estimated value of this joint venture is approximately $3.3 …

March 16, 2026

Acquisitions California Development Loans Retail Top Stories Western

Partnership Acquires Victoria Gardens Open-Air Mall in Inland Empire for $530M, Plans $50M Renovation

by Abby Cox March 13, 2026

RANCHO CUCAMONGA, CALIF. — Southern California-based firms Redwood West and Panattoni, in partnership with Prime Finance and Prism Places, have acquired Victoria Gardens, a 1.2 million-square-foot lifestyle retail center located in the Inland Empire city of Rancho Cucamonga. New York City-based Brookfield Properties, a subsidiary of Brookfield Corp. (NYSE: BN), sold the open-air mall for $530 million. Ares Real Estate (NYSE: ARES) provided debt financing for the transaction. “We see tremendous opportunity with Victoria Gardens,” says John Pomer, co-founder and managing partner at Redwood West, “It is a one-of-a-kind, highly productive asset with deep roots in the region.” Built in 2004, Victoria Gardens is one of the largest regional malls in Southern California, with more than 30 buildings on 12 blocks, as reported by the Los Angeles Times. Victoria Gardens was 98 percent leased at the time of sale and attracts more than 14 million visitors a year, according to Redwood West. The center is home to 160 specialty retailers and restaurants including Apple, lululemon, Chanel, Gorjana, Sephora, Nike, Zara, AMC Theatres, Shake Shack, Tecovas, The Cheesecake Factory, Warby Parker, Fleming’s Steakhouse, Sweetgreen and Macy’s. In addition to retail and dining, Victoria Gardens features a cultural center, public library, performance venue, multiple …

March 13, 2026

Acquisitions Company News Top Stories

Savills Agrees to Acquire Eastdil Secured for $1.1B

by Hayden Spiess March 12, 2026

NEW YORK CITY — London-based real estate brokerage firm Savills has entered into an agreement to acquire global advisory firm and real estate investment bank firm Eastdil Secured for roughly $1.1 billion. The transaction is expected to close following the satisfaction of customary regulatory and closing conditions. Under the terms of the agreement, Savills will purchase all of the equity of Eastdil, which has its U.S. headquarters in New York City. Originally founded in 1967 and acquired by Wells Fargo in 1999, Eastdil Realty merged with real estate investment banking firm Secured Capital Corp. in 2006, forming Eastdil Secured. In 2019, Temasek and Guggenheim Investments acquired Eastdil, with Wells Fargo retaining a minority ownership interest. Eastdil Secured will continue to operate its existing business model within Savills Group, serving as the company’s global real estate investment bank and maintaining headquarters in New York City, Santa Monica, California, and London. In connection with the acquisition, Eastdil has announced changes to its executive leadership, effective immediately. Roy March, CEO, has been appointed executive chairman. D. Michael Van Konynenburg has been appointed CEO, and James McCaffrey will now serve as president. Van Konynenburg and McCaffrey will also join the Savills Group executive board. …

March 12, 2026

Acquisitions Development Industrial Massachusetts Mixed-Use Northeast Office Top Stories

Gillette to Invest Nearly $1B for New Headquarters in South Boston

by Kristin Harlow March 11, 2026

BOSTON — Shaving products company P&G Gillette has unveiled plans to purchase 232 A Street in South Boston as the future home of its nearly $1 billion Grooming Headquarters and Technical Innovation Center. The company is also expanding its Andover, Mass., manufacturing facility and redeveloping its 31-acre South Boston campus. The new headquarters announcement marks the single-largest investment made by Gillette in Boston, according to the company. The site is currently owned by Breakthrough Properties, a joint venture between Tishman Speyer and Bellco Capital. It is permitted for a 324,315-square-foot research-and-development facility with ground-floor retail space. Jonathan Varholak of CBRE led the brokerage team that facilitated the land sale. Gillette says the purchase of the site unlocks multiple project benefits agreed to when the site was permitted by Breakthrough Properties in 2024. Once complete, the project will contribute 1.5 acres of publicly accessible open space along the Fort Point Channel, including new sidewalks, bike lanes, a waterfront park and improvements to the South Boston Harborwalk. The parcel also includes monetary allocations for public art and shuttle services. “This new development will keep hundreds of high-tech research-and-development jobs in the city and serves as a testament to the strength of our …

March 11, 2026

Development Illinois Industrial Life Sciences Midwest Top Stories

CSL Breaks Ground on $1.5B Expansion of Pharmaceutical Manufacturing Campus in Kankakee, Illinois

by John Nelson March 10, 2026

KANKAKEE, ILL. — CSL, a global pharmaceutical manufacturer based in Melbourne, Australia, has broken ground on a $1.5 billion expansion of its campus in Kankakee, roughly 60 miles southwest of Chicago. The company has operated at the site since purchasing the former Armour Pharmaceutical Co. plant in 2004, according to multiple media outlets. CSL is developing a new 330,000-square-foot facility at the site that will generate 300 permanent jobs and 800 construction jobs, in addition to the 1,200 existing positions at the plant. The new investment builds on the $3 billion that CSL has invested in the United States since 2018, which has created more than 6,500 American jobs. “Illinois is leading the way in life sciences manufacturing, and CSL’s $1.5 billion investment is a powerful vote of confidence in our state,” said Illinois Gov. JB Pritzker in a statement. “CSL’s continued growth in Kankakee County builds on decades of innovation and manufacturing leadership right here in Illinois. We’re proud to partner with CSL as they expand their footprint and deepen their commitment to communities across our state.” The Kankakee campus is expected to supply 100 percent of the U.S. demand for immunoglobulin therapies (i.e., plasma-derived antibodies treatments), according to CSL. …

March 10, 2026

Industrial Loans Northeast Pennsylvania Top Stories

CBRE Arranges $156M Loan for Refinancing of Philadelphia Industrial Property

by Taylor Williams March 9, 2026

PHILADELPHIA — CBRE has arranged a $156 million loan for the refinancing of Bridge Point Philadelphia, an 889,300-square-foot industrial property. Canyon Partners Real Estate and J.P. Morgan provided the loan to the owner of the property, Chicago-based Bridge Industrial, which will use a portion of the proceeds to fund lease-up costs. Steve Roth led the CBRE team that originated the debt. Delivered in 2024, Bridge Point Philadelphia comprises two buildings, one of which features a rear-load configuration and the other of which features a cross-dock configuration. The development also offers “excess “trailer parking, and multi-tenant divisibility. Third-party logistics firm Veho signed a 148,611-square-foot lease at the property shortly after it was completed. In addition, Bridge Point Philadelphia offers proximity to an array of major thoroughfares and logistics hubs, including interstates 76, 95 and 476, as well as the Port of Philadelphia and Philadelphia International Airport. “We were pleased to work closely with Canyon, whose efforts were instrumental in efficiently completing this financing,” said Roth, who holds the title of vice chairman at CBRE. “Their collaborative approach ensured a smooth execution and a successful outcome for all parties involved.”

March 9, 2026

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