Monday, December 15, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Top Stories

Edition_nashville
HospitalityLoansMultifamilySoutheastTennesseeTop Stories

Tidal Real Estate Receives $400M in Construction Financing for Nashville Edition Hotel & Residences 

by Abby Cox

NASHVILLE, TENN. — Tidal Real Estate Partners has received $400 million in construction financing for The Nashville Edition Hotel & Residences, a 28-story mixed-use tower that is under construction in the state capital’s Gulch district. The project will comprise 261 hotel rooms and 84 condos. Tidal is developing The Nashville Edition Hotel & Residences in collaboration with Left Lane Development and Marriott International. The project team also includes architecture firms ESa and INC Architecture & Design, as well as Corcoran Reverie of Corcoran Sunshine Marketing Group. The construction financing, which includes both debt and equity, was provided by affiliates of KSL Capital Partners, Madison Realty Capital, Newbond Holdings and affiliates of the developer.  “The Nashville Edition is the type of design-forward, experiential project that elevates an entire neighborhood, and this financing reflects our conviction in both the long-term strength of The Gulch and Tidal’s ability to deliver a truly landmark development,” says Josh Zegen, managing principal and cofounder of Madison Realty Capital. The hotel component will occupy the lower floors of the tower and will feature various amenities, including a double-height restaurant and bar, lobby lounge, a 50-foot heated saltwater pool with cabanas and a wraparound deck with bar and restaurant service. …

Continue Reading
FacebookTwitterLinkedinEmail
Portofino Shopping Center
AcquisitionsArizonaFloridaNorth CarolinaOklahomaRetailTexasTop Stories

Partnership Acquires Multi-State Shopping Center Portfolio for $429M

by Hayden Spiess

ELMSFORD AND NEW YORK CITY, N.Y. — DLC, in partnership with a fund managed by DRA Advisors, has acquired a multi-state shopping center portfolio in an off-market transaction for $429 million. Totaling 2.1 million square feet, the portfolio comprises eight shopping centers across five states. The seller was not disclosed. The properties include Central Texas Marketplace in Waco, Texas; Portofino Shopping Center in the Houston suburb of Shenandoah; Watauga Pavilion in the Dallas suburb of Watauga; Shops at Park Place in Plano, Texas; Pavilion at King’s Grant in the northeast Charlotte suburb of Concord, N.C.; International Speedway Square in Daytona Beach, Fla.; Peoria Square in Glendale, Ariz.; and Belle Isle Station in Oklahoma City, Okla.  The portfolio was 91.3 percent leased at the time of sale. Long-term tenants across the portfolio include Nordstrom Rack, REI, T.J. Maxx, Ross Dress for Less, Dick’s Sporting Goods, HomeGoods, Marshalls, Total Wine & More and Ulta Beauty.  This portfolio marks DLC’s first retail acquisitions in Phoenix and Oklahoma and expands the company’s existing presence in Texas and Florida. In October, DLC and DRA Advisors purchased a $625 million retail portfolio on the West Coast. The two organizations have now completed more than $1.7 billion of …

Continue Reading
FacebookTwitterLinkedinEmail
Four-Seasons-Private-Residences-Las-Vegas-NV
DevelopmentHospitalityLoansNevadaTop StoriesWestern

Concord Summit Arranges $781M in Construction Financing for Four Seasons Private Residences Las Vegas

by Amy Works

HENDERSON, NEV. — Concord Summit Capital (CSC) has secured $781 million in construction financing for The Four Seasons Private Residences Las Vegas. Two Roads Development, Azure Resorts & Hotels and Luxus Developments are the borrowers. The full capital stack for the project’s vertical construction includes a $526 million senior loan from J.P. Morgan and $255 million in mezzanine and preferred equity from Sculptor Real Estate and Morning Calm Management. Kevin O’Grady and Tyler Beauregard of CSC served as exclusive advisors to the developers. Four Seasons Private Residences will consist of 171 condominium units and 21 custom-built single-family homes within MacDonald Highlands, a gated enclave in the foothills of Henderson, a city southeast of Las Vegas. Construction is underway, with completion slated for mid-2027. Residences will range from two to five bedrooms, all with views of the Las Vegas Strip. Wimberly Interiors is the interior architect for the project. The property will include roughly 90,000 square feet of Four Seasons amenities, including three outdoor pools and a high-end gym. Wolfgang Puck Fine Dining Group will operate an onsite restaurant. Additionally, the Four Seasons Private Residences features a first-of-its-kind collaboration with RH Contract, a division of luxury lifestyle brand and retailer RH, formerly …

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsCompany NewsHawaiiIndustrialOfficeRetailTop StoriesWestern

Joint Venture to Acquire Alexander & Baldwin in $2.3B Deal, Take Hawaiian Company Private

by John Nelson

HONOLULU — A joint venture formed by locally based MW Group Ltd. and funds affiliated with Blackstone Real Estate (NYSE: BX) and DivcoWest has entered into a definite merger agreement with Alexander & Baldwin Inc. (NYSE: ALEX), a Honolulu-based owner-operator of shopping centers and other commercial real estate properties. The deal is valued at $2.3 billion, inclusive of outstanding debt, and would take Alexander & Baldwin private. The joint venture plans to acquire all outstanding shares of Alexander & Baldwin for $21.20 per share in an all-cash transaction. The company’s stock price closed last week at $15.22 per share, giving the acquisition price a nearly 40 percent premium. Alexander & Baldwin is the largest owner of grocery-anchored shopping centers in Hawaii. The firm’s overall portfolio spans approximately 4 million square feet and includes 21 retail centers, 14 industrial assets and four office properties, as well as fee interests in 146 acres of ground lease assets. Upon closing of the deal, which is scheduled for the first quarter of 2026, Alexander & Baldwin will become a privately held company but will retain its Honolulu headquarters and maintain its name and brand. The new investment group has announced it will invest $100 million …

Continue Reading
FacebookTwitterLinkedinEmail
Greenpoint-Central-Brooklyn
LoansMultifamilyNew YorkNortheastTop Stories

Walker & Dunlop Arranges $285M Loan for Refinancing of Brooklyn Multifamily Property

by Taylor Williams

NEW YORK CITY — Walker & Dunlop has arranged a $285 million loan for the refinancing of Greenpoint Central, a newly constructed, 473-unit multifamily property located in the Brooklyn neighborhood of the same name. TPG Real Estate Credit provided the loan to the borrower and developer, an affiliate of New York City-based Madison Realty Capital. Sean Reimer, Aaron Appel, Jonathan Schwartz, Adam Schwartz, Keith Kurland, Dustin Stolly, Ari Hirt, Cole Grims and Nicholas Gilhooley of Walker & Dunlop arranged the debt. Ownership will use proceeds to retire construction debt, support funding reserves and return equity to investors. Greenpoint Central is split between two buildings located at 75 Dupont St. (Phase I) and 65 Dupont St. (Phase II). The property offers studio, one- and two-bedroom apartments, 70 percent of which are rented at market rates and 30 percent of which are subject to income restrictions. Amenities include a fitness center, media lounge, game room, coworking space, golf simulator, children’s playroom, pickleball court and a rooftop deck with grilling and dining stations. The property also features 19,589 square feet of retail space on the ground and cellar floors. “The area’s evolving waterfront, cultural institutions and creative community continue to attract renters, creating sustained demand in the …

Continue Reading
FacebookTwitterLinkedinEmail
industrial-portfolio-cbre
AcquisitionsGeorgiaIndustrialKentuckyNew YorkNorth CarolinaPennsylvaniaTop StoriesVirginia

CBRE Arranges Sale of 3 MSF Industrial Portfolio Across Eight States for ACRE

by Abby Cox

NEW YORK CITY — CBRE has arranged the sale of a 20-property last-mile distribution and light-manufacturing industrial portfolio across eight states. New York City-based Ares Commercial Real Estate Corp. (NYSE: ACRE) acquired the portfolio, which spans more than 3 million square feet. Brian Fiumara led CBRE’s National Partners team in marketing the portfolio and representing the undisclosed seller in the transaction. The CBRE team also procured the buyer. The properties include: The industrial portfolio consists of well-maintained industrial buildings ranging in size from 16,000 to 500,000 square feet, while average occupancy across the properties currently sits at 95 percent. “The acquisition by Ares allows the company to expand its existing portfolio with a critical mass of light industrial and well-located last-mile assets in major population centers with access to key distribution infrastructure,” says Fiumara. ACRE is a real estate investment trust (REIT) managed by Ares Commercial Real Estate Management LLC, a subsidiary of Ares Management Corp., which manages approximately $596 billion of assets.   ACRE’s stock price closed on Thursday, Dec. 4 at $5.15 per share, down from $6.98 a year ago, a nearly 26 percent decline. — Abby Cox

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentLoansMultifamilyNew YorkNortheastTop Stories

JLL Arranges $175M Construction Loan for Brooklyn Apartment Tower

by Kristin Harlow

NEW YORK CITY — JLL Capital Markets has arranged $175 million in construction financing for 155 Third Street, a 22-story, 300-unit apartment tower to be built along the Gowanus Canal in Brooklyn. JLL secured the loan on behalf of the borrower, locally based Monadnock Development. Situated at the confluence of the Carroll Gardens, Gowanus, Park Slope and downtown Brooklyn neighborhoods, 155 Third Street will encompass more than 250,000 net rentable square feet, including 225 market-rate apartments, 75 affordable housing units and more than 30,000 square feet of retail, artist and commercial space. The project is vested in the Affordable New York (421-a) tax abatement. Completion is slated for the fourth quarter of 2027. Amenities will include a pool and terrace, sky lounge, fitness and yoga studios, coworking spaces, a cocktail lounge with fireplace, movie and party rooms and multiple outdoor areas with views of New York Harbor and downtown Brooklyn. The development’s retail frontage along the Gowanus waterfront will tie directly into the planned 7-acre Gowanus Greenway Esplanade, which is part of the larger Brooklyn Waterfront Greenway, a protected route for pedestrians and cyclists connecting the neighborhoods, parks and open spaces of Brooklyn’s waterfront. The project site is also steps …

Continue Reading
FacebookTwitterLinkedinEmail
Herb-Myers-Pull-Quote
AcquisitionsCaliforniaFloridaGeorgiaIndustrialNew JerseyNew YorkPennsylvaniaTop Stories

Investcorp Acquires 2.6 MSF Industrial Portfolio for $400M

by Hayden Spiess

NEW YORK CITY — Global alternative investment firm Investcorp has completed the $400 million acquisition of an industrial portfolio located in markets across the Eastern and Western United States. The seller was not disclosed. Totaling 2.6 million square feet, the portfolio comprises 35 buildings across seven markets. Properties in the portfolio include a 76,000-square-foot, two-building portfolio in Philadelphia; a 44,000-square-foot building in New Jersey; 92,000 square feet across two buildings on Long Island; a 1.3 million-square-foot logistics portfolio in Sacramento, Calif.; 156,000 square feet across two buildings in Tampa, Fla.; a 115,000-square-foot, three-building portfolio in South Florida; and a 12-building, 814,000-square-foot portfolio on Atlanta’s north side.  Average occupancy across the portfolio was at 97 percent as of October.  According to Green Street Advisors, each of the seven markets associated with the portfolio saw strong demand growth in the industrial sector during the third quarter of 2025. The firm noted that new supply in these markets makes up less than 1.3 percent of current inventory. “Despite shifting trade dynamics and supply chain disruptions across the country, the U.S. industrial sector has retained its foundational strength,” says Herb Myers, global head of real assets at Investcorp. “This is particularly true for these and similar …

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMidwestNebraskaRetailTop Stories

Federal Realty Acquires Village Pointe Shopping Center in Omaha for $153.3M

by John Nelson

OMAHA, NEB. — Federal Realty Investment Trust (NYSE: FRT) has acquired Village Pointe, a 453,000-square-foot, open-air shopping center in Omaha. The retail REIT purchased the property from the undisclosed seller for $153.3 million. “Village Pointe checks the key boxes for us: affluent demographics and growing population, clear unmet retail demand, proven retailer success in the location and a truly dominant asset,” says Don Wood, president and CEO of Federal Realty. Situated on Omaha’s west side on West Dodge Road, Village Pointe draws nearly 6 million annual visits and serves a trade area of over half a million people, with visits averaging one hour in duration. The center was 96 percent leased at the time of sale to national and premium lifestyle retailers — including Apple, lululemon, Sephora, Coach, Bentley, Nordstrom Rack, Madewell — many of which are exclusive to the market. Scheel’s, a large-scale sporting goods retailer, shadow-anchors Village Pointe. Other tenants include Cheddar’s Scratch Kitchen, North Italia, DSW, Best Buy, Old Navy, Warby Parker, Urban Outfitters and Marcus Village Pointe Cinema. Federal Realty has noted the value-add opportunity at Village Pointe via elevating the tenant mix and enhancing merchandising. Founded in 1962, Federal Realty Investment Trust is based in North …

Continue Reading
FacebookTwitterLinkedinEmail
Homestead-Gateway-Jersey-City
Affordable HousingDevelopmentLoansMultifamilyNew JerseyNortheastTop Stories

Goldman Sachs Alternatives Provides $200M in Financing for Jersey City Mixed-Income Project

by Taylor Williams

JERSEY CITY, N.J. — The Urban Investment Group at Goldman Sachs Alternatives has provided $200 million in financing for Homestead Gateway, a 34-story mixed-income multifamily project that will be located in Jersey City’s Journal Square neighborhood. The borrower is Lions Group, a family-owned development firm based in New York. The package covers an array of financing instruments, including a construction loan, bridge debt facility, Low-Income Housing Tax Credit equity and a tax credit purchase through the New Jersey Economic Development Authority’s Aspire program. The financing package also includes a forward Freddie Mac commitment for the tax-exempt and taxable permanent loans. The site is currently home to a municipal parking lot. Of the building’s 360 units, 90 will be set aside as affordable housing, although specific income restrictions were not announced. Homestead Gateway will also feature 3,000 square feet of ground-floor retail space and amenities such as a rooftop lounge, fitness center and shared workspaces. The groundbreaking is set to occur in the coming days. Nicco Lupo, Christopher Peck, Michael Shmuely, Jillian Grzywacz, Alex Staikos, Jimmy Cochran and Tom Didio Jr. of JLL advised Lions Group on the structured capitalization and forward Freddie Mac commitment. “Mixed-income developments like Homestead Gateway demonstrate …

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts