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Colliers to Lead Retail Leasing for $1B Miramar Cove

Florida & Gulf Coast + Apartment Buildings

Sunbeam Development Corporation, owner of the 125-acre Miramar Cove, has engaged Colliers to lead retail leasing for the mixed-use waterfront destination now under construction in Miramar, west of Miami and Fort Lauderdale. Miramar Cove broke ground in May 2026 and will deliver approximately 400,000 square feet of retail, dining, and entertainment space anchored by a...

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CRE Continues Holding Up as Occupiers and Investors are More Selective

Apartment Buildings

The first half of 2026 generated considerable concern among commercial real estate investors and occupiers. Inflation remained sticky, prompting the Federal Reserve to hold interest rates steady. Tariff and trade uncertainty continued to generate pricing pressures, the Middle East conflict impacted oil prices, and the labor market softened despite a still-low unemployment rate. Yet commercial...

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Joint Venture Tops Off Construction on Mount Vernon Workforce Housing

New York & Tri-State + Apartment Buildings

City, county and state officials joined together to celebrate the topping off of QWest Towers, a new $158-million workforce housing development that is nearing completion in Mount Vernon, NY. Located at 1 and 25 North MacQuesten Pkwy., the project is being developed by QWest Towers LLC, a joint venture between Simone Development Companies and Stagg...

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Value-Add Golden Hill Apartments Trade in 1031 Exchange

California & West + Apartment Buildings

Whitewater Commercial Real Estate, a San Diego-based commercial real estate brokerage specializing in multifamily, arranged the sale of 3013 C St., a value-add complex in Golden Hill. The property sold for $5,337,276. Cole Silverman, Connor Stolle and Carson Trujillo of Whitewater represented the seller, Stephanie Ranum, and the buyer, Pfeiffer Properties, LLC. “Golden Hill continues...

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Newmark Arranges Fannie Mae Loan on San Clemente Active-Adult Complex

California & West + Apartment Buildings

Newmark arranged a $58-million Fannie Mae loan for Everleigh San Clemente, a newly constructed 150-unit Class A active-adult (55+) apartment community in San Clemente. The Fannie Mae financing was arranged by vice chairman Lee Redmond, managing director Alec Newman and VP Nick Schroeder of Newmark on behalf of the borrower, an institutional-level joint venture. “Everleigh...

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Manhattan Apartment Rents Reach Record High Amid Declining Inventory

New York & Tri-State + Apartment Buildings

Average Manhattan apartment rents reached an all-time high of $6,655 in July, according to Corcoran Sunshine Marketing Group. Median rents held steady at June’s record-setting level of $5,295, up 6% from a year ago. “Meanwhile, the number of signed leases rose 3% annually, while inventory dropped a substantial 22% over the same period,” said Corcoran...

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JLL Secures $40M Refinancing for Multifamily in Portland’s Lloyd District

Seattle & Northwest + Apartment Buildings

JLL has secured a $40.5 million refinancing for The Payton, a 162-unit multifamily property in Portland, Oregon. JLL represented the borrower, ColRich, in arranging the five-year, floating-rate loan through Prime Finance. The Payton, located at 2020 NE Multnomah St., is a seven-story mid-rise community built in 2019. JLL Capital Market’s Debt Advisory team was led by...

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Porter Kyle Adds New 100-Unit BTR Community to East Valley Portfolio

Phoenix & Southwest + Apartment Buildings

Porter Kyle, a Scottsdale-based Build-to-Rent (BTR) developer and general contractor, opened the doors to The Wayne, a 100-unit BTR townhome community in Chandler, Ariz. Residents are moving in, and the clubhouse and first four buildings at the community have been transitioned to Mark-Taylor for ongoing lease-up and property management. The opening caps a 20-month build...

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