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5 days ago | 
multihousingnews.com | Claudiu Tiganescu
The developer expects completion next spring. The high-rise development is close to a PATH rail station connecting to Manhattan, Hoboken, N.J., and Newark, N.J. Rendering courtesy of Panepinto PropertiesPanepinto Properties has topped out its $388 million, 605-unit project in Jersey City, N.J. Upon reaching its final height of 577 feet, the development gained a new name—505 Summit. Completion is slated for next spring.
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1 week ago | 
multihousingnews.com | Claudiu Tiganescu
The investment vehicle will also target commercial assets for conversion. Hanover developed Hanover Diridon in San Jose, Calif., in 2021 and sold it for $117.5 million last year. Image courtesy of Hanover Co.Hanover Co. has closed its Opportunities Fund at $125 million in commitments.
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1 week ago | 
commercialsearch.com | Claudiu Tiganescu
By Claudiu Tiganescu May 30, 2025 IndustrialInvestmentLos AngelesNewsWest The asset traded for nearly double its 2012 purchase price. Spanning more than half-a-million square feet, Garfield Business Center debuted between 1951 and 1987. Image courtesy of Palisade Group A joint venture between Palisade Group and Benefit Street Partners, a subsidiary of Franklin Templeton, has acquired the 544,705-square-foot Garfield Business Center in Commerce, Calif., for $97 million. The new ownership plans...
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1 week ago | 
multihousingnews.com | Claudiu Tiganescu
Among the fully affordable projects is this 116-unit development at 516 Bergen St., to be built by a partnership of Apex Building Group and Bridge Street Development. Image courtesy of New York City Housing Preservation and DevelopmentThe New York City Council has voted to approve the Atlantic Avenue Mixed Use Plan, a Brooklyn rezoning which will pave the way for 4,600 new multifamily units, including 1,900 affordable housing apartments.
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1 week ago | 
commercialsearch.com | Claudiu Tiganescu
By Claudiu Tiganescu May 29, 2025 InvestmentIndustrialNewsSoutheastTampa Proceeds will go toward the expansion of the industrial campus. LCP 200 debuted in 2023 as part of Lakeland Central Park’s first phase. Image courtesy of Parkway Parkway and Silverpeak have sold a 705,000-square-foot facility at Lakeland Central Park, a multi-phase industrial development in Lakeland, Fla. Ashley Furniture Industries purchased the building for $70.5 million, Business Observer Florida reported. Cushman &...
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1 week ago | 
multihousingnews.com | Claudiu Tiganescu
The Mill will incorporate industrial design elements, according to a company statement. Image courtesy of Concord Summit CapitalA partnership between Capital City Real Estate and Pennington Real Estate Partners has secured $48 million in construction financing for The Mill, a 281-unit Class A project in Charlotte, N.C.Concord Summit Capital arranged the financing in the form of a syndicated note bearing a 62 percent loan-to-cost structure.
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1 week ago | 
commercialsearch.com | Claudiu Tiganescu
By Claudiu Tiganescu May 28, 2025 BrokerageIndustrialMid-AtlanticNewsPhiladelphia The property benefits from a 30-year PILOT program. The LEED-certified property debuted two years ago. Image courtesy of Logistics Property Co. Logistics Property Co. has secured a 1.2 million-square-foot, full-building industrial tenant at its Box Park Logistics Center in Cinnaminson, N. J. Cushman & Wakefield led negotiations on behalf of the owner, along with in-house representation. NAI Hanson brokered on...
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1 week ago | 
multihousingnews.com | Claudiu Tiganescu
The Bend at Highland Meadows’ multifamily portion features a swimming pool, clubroom and gym, among other amenities. Image courtesy of Yardi MatrixA partnership between Hillside Commercial Group and Landmark Homes’ Livmark Communities is developing the second phase of The Bend at Highland Meadows in Loveland, Colo. This 45-unit build-to-rent component is slated for completion in the fall of 2026.
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2 weeks ago | 
commercialsearch.com | Claudiu Tiganescu
By Claudiu Tiganescu May 23, 2025 IndustrialClevelandHoustonInvestmentMidwestNewsSouthwest The agreement includes two facilities in Texas and an Ohio office building. This 640,000-square-foot property located in Akron, Ohio, serves as Goodyear’s headquarters. Image courtesy of Goodyear Goodyear will sell the majority of its chemical business to Gemspring Capital for $650 million. The transaction is set to close by late 2025, subject to regulatory approval and other customary conditions. The...
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2 weeks ago | 
commercialsearch.com | Claudiu Tiganescu
By Claudiu Tiganescu May 23, 2025 IndustrialInvestmentLos AngelesNewsWest MSI purchased the asset to expand U.S. production amid tariff changes. MSI’s new property also features a private yard comprising 60 trailer and 56 auto parking spaces. Image courtesy of CBRE Blackstone’s Link Logistics has sold a 200,000-square-foot industrial asset in City of Industry, Calif., for $65.2 million. MSI Computers Corp. purchased the building in a CBRE-brokered deal. CTBC Bank issued a $36 million...
