News/Events
Construction Firm Brasfield & Gorrie Inks 19K-SF Lease in Broward County
Construction firm Brasfield & Gorrie is relocating in South Florida, from Coral Gables to Weston, where it signed a 19,330-square-foot lease. The general contractor will move into the Weston Pointe I building in the second quarter of 2027, according to JLL, which represented the tenant. It will occupy most of the third floor within the…
Developers File Plans for 402-Unit Housing Project Along Astoria Waterfront
A pair of Astoria developers has filed plans to build 402 housing units in the World’s Borough. Dominick Acquista and Lorenzo Devardo, under the shell corporation Across the River Realty Development, filed plans to replace three industrial buildings at 31-29 Vernon Boulevard in Astoria, Queens, with a 20-story residential tower, according to city records. The…
Legion Investment Group, SMA Equities Pair on 300K-SF UES Resi Project
Legion Investment Group and SMA Equities have teamed on a 300,000-square-foot residential development rising on Manhattan’s Upper East Side. The new partnership secured a $99 million construction loan for the 37-story project at 1491-1497 Third Avenue on Thursday, according to The Real Deal, which first reported the news. BDT & MSD Partners and Deutsche Bank…
Harbor Associates Sells Office Campus in North L.A. County for $32M
Strauss Investments has acquired a smaller two-building office campus in northern Los Angeles County for $32 million. The San Diego-based investor purchased Commons at Valencia, a 157,189-square-foot Class A office property in Santa Clarita’s Valencia neighborhood from Harbor Associates, according to CBRE, which represented the seller. The deal is equal to about $204 per square…
Prestige Companies Back Dania Beach, Fla., Residential Complex at a Discount
A condominium community in Dania Beach, Fla., has traded for $27.3 million in a deed-in-lieu of foreclosure, which is nearly $10 million less than its previous sale price, buyer Prestige Companies said Thursday. Prestige Companies and MV Real Estate Holdings are the new owners of Atlantica at Dania Beach at 624 Northeast Second Street. The…
Retail Veteran Launches Grocery-Anchored Fund With $200M In Seed Funding
Hyperion Realty launches a fund with $200M from GCM Grosvenor, aiming for $1B worth of assets owned with additional investment.
Greystone Lends $35M on Chicago-Area Apartments Acquisition
Isn’t life grand. Multifamily developer Grand Lifestyles has secured $35.4 million of acquisition financing to purchase a multifamily asset in suburban Chicago, Commercial Observer has learned., Greystone closed the Freddie Mac-backed loan to facilitate Grand Lifestyle’s $51.3 million acquisition of The Ponds of Naperville property in Naperville, Ill. from DRA Advisors The financing was originated by…
Aquarian Real Estate Partners, 3650 Capital Loan $72M on Chicago-Area Acquisition
Rhino Investments Group has secured $72.3 million in financing to acquire Randhurst Village, a 929,899-square-foot. open-air shopping center outside Chicago, Commercial Observer can first report. Rhino acquired the property from DLC Management Corp. for $95 million on Sept. 23 in a sale first reported by The Real Deal. Aquarian Real Estate Partners (AREP) and 3650…
Senators Are Pushing To Kick Data Centers Out Of Opportunity Zones
As public opinion sours on data center development, a growing chorus in the Senate wants to strip away some of their tax incentives.
