Grow your real estate capital markets network

Soros Fund Management has placed the Argonaut Building, a 140,000-square-foot landmarked office and retail property at 224 West 57th Street in Midtown Manhattan, on the market for approximately $100 million. The building is currently occupied by Open Society Foundations under a lease through 2042, with TD Bank as a ground-floor retail tenant.

Prologis, a logistics REIT, acquired a 116,725-square-foot last-mile delivery warehouse near JFK Airport in Queens from Wildflower for $49 million. The transaction represents a strategic acquisition of a logistics facility in a high-demand market near a major airport hub.

Mesa West Capital supplied a $27 million five-year nonrecourse first-mortgage loan to Timberlane Partners for the acquisition and renovation of Vista Ridge, a 91-unit garden-style apartment community in Issaquah, Washington. The property was acquired for $37 million earlier in September 2026.

Creative Sign Designs, backed by Heritage Growth Partners through a 2021 growth recapitalization, acquired Rite Lite Signs, a North Carolina-based architectural sign manufacturer. The deal marks Creative's first add-on acquisition under Heritage's sponsorship and expands manufacturing capacity across the Southeast.

A $100 million CMBS loan secured by a Hyatt Regency hotel in Jersey City has been sent to special servicing due to imminent maturity default in October 2026. Taconic Capital Advisors is mentioned as a sponsor but the article text is incomplete, limiting full context on LP involvement.

Berkshire Residential Investments is acquiring Limekiln's 50% stake in MF1, a multifamily lender, to become sole owner and end their eight-year joint venture. MF1 originated approximately $32B in apartment loans and became a major CLO issuer during the partnership, though it has faced elevated distress metrics tied to its floating-rate bridge loan portfolio.

Prologis acquired 69 acres in Minooka, Illinois to develop a 1M SF logistics facility called Minooka Exchange, with construction expected to begin within weeks. The cross-dock warehouse will feature 40-foot clear height and is positioned to serve the supply-constrained Chicago industrial market.

Longpoint Partners acquired a $195M Miami-Dade industrial portfolio comprising 10 buildings and 729,901 SF, with 90% occupancy across 74 tenants. The acquisition expands the firm's South Florida industrial presence, focusing on infill small-bay assets with limited new supply.

Northwind Group, a Manhattan-based real estate private equity firm and debt fund manager, originated a $208 million first mortgage construction loan for 141 Willoughby Street in Downtown Brooklyn. The loan will fund the conversion of a 355,000 SF Class A office tower into 239 rental apartments and commercial space, led by a joint venture between Capstone Equities and BH3 Fund Advisors.

Starwood Property Trust completed a $672M refinancing of 78 industrial outdoor storage properties across 33 US markets alongside Realterm, marking the largest deal in the sector. The transaction reflects growing institutional capital deployment in outdoor storage as tight supply (3.6% vacancy) and data center demand drive investment.

Arc Capital Partners refinanced Chapman Market, a 41,241-square-foot historic retail and dining property in Los Angeles' Koreatown, securing $29.3 million from Voya Investment Management. The property was originally acquired by Arc Capital 10 years ago for $30 million and had carried a $25.5 million bridge loan since 2021.

Longpoint Partners, a Boston-based private equity firm, acquired a 10-building industrial portfolio in Miami-Dade County comprising 729,901 square feet for $195 million. The small-bay warehouse portfolio is 90% leased to 74 tenants and represents part of Longpoint's broader strategy of acquiring $600 million in South Florida industrial properties since 2023.

LCOR, a multifamily developer, purchased a 87,000-square-foot development site at 309 East 94th Street on the Upper East Side from Taconic Partners for $73 million. The property was previously positioned as a life sciences project and represents LCOR's entry into Manhattan development.

Apollo Global Management and BDT & MSD Partners provided $197 million in construction financing for Olana Naples Residences, a 12-unit luxury condominium development in Naples, Florida being developed by Kolter Urban and BH Group. The financing represents a significant capital commitment to a ground-up luxury residential development project.

Affinius Capital and Axonic Capital originated a $48M construction loan for Dinosaur Capital Partners' 130-unit multifamily development in Lexington, Massachusetts. The project is located at 7 Hartwell Avenue and represents a new construction financing transaction in the suburban Boston market.

Harrison Street Asset Management, in joint venture with Trademark Property Company, secured a $77 million construction loan from Madison Realty Capital for the Shivers Farm mixed-use project in Southlake, Texas. The development includes 37 single-family residential lots and 161,000 square feet of retail and office space anchored by Whole Foods.

Brennan Investment Group commenced construction on a 210,000-square-foot, Class A multi-tenant industrial facility in Whites Creek, Tennessee, near downtown Nashville. The speculative development is expected to complete in Q2 2027 and represents Brennan's ninth Nashville investment since 2021.

San Francisco-based Shorenstein Investment Advisers acquired Sherry Lane Place, a 20-story, 300,000-square-foot office tower in Dallas' Preston Center for $120.2 million. This is the firm's fourth acquisition in less than two years, giving it control of approximately 20% of Class A office space in the district.

Nuveen Green Capital provided a $93.4 million C-PACE loan to ErieView Development for the conversion of Erieview Tower in Cleveland into Ohio's first W Hotel, part of a larger $218 million financing package. The transaction represents growing use of Commercial Property Assessed Clean Energy debt for adaptive reuse hotel projects.

Cerberus Capital Management sold its equity stake in Tenet Equity, a triple net lease financing platform with 200+ properties across 39 states, to CBRE Investment Management for $1.6 billion. CBRE is making the investment on behalf of several of its investment strategies, marking a significant exit for Cerberus after building Tenet into a market-leading middle-market capital provider since 2021.

Cantor Fitzgerald provided a $141M CMBS loan to refinance a 535,000-square foot office campus in Raleigh, N.C., that serves as Bandwidth's global headquarters. The transaction was structured as a single-asset, single-buyer CMBS origination and arranged by Wells Hill Partners.

WNC & Associates closed its 23rd consecutive California-focused affordable housing fund, WNC Institutional Tax Credit Fund X California Series 23, LP, raising $66.3 million to finance six new-construction properties totaling 650 homes across Los Angeles, San Benito, and San Diego counties. The fund utilizes 4% Low-Income Housing Tax Credits and will serve as financing for four developers to complete their affordable housing projects.

Driftwood Capital and Benefit Street Partners provided $116.5 million in bridge debt to refinance the Public Hotel West Hollywood, a boutique hotel developed by hoteliers Ian Schrager and Ed Scheetz on the Sunset Strip. The property, set to open in September 2026, was redeveloped at the site of the former Standard Hotel after being acquired for $112.5 million in early 2023.

Nuveen Green Capital provided $93.4 million in C-PACE financing (the largest in Ohio) for the adaptive reuse redevelopment of Erieview Tower into a W Hotel and residential apartments in downtown Cleveland. Additional financing partners include ERIEBANK ($20M senior debt) and Foss & Company for historic tax credits, with total project financing of $217.6 million closing in September 2026.

Blackstone is preparing to take Hotel Investment Partners (HIP), a 61-hotel Mediterranean resort portfolio, public on the Spanish stock exchange at a valuation of €6–7 billion ($6.9B+), with listing targeted for late October or early November 2026. GIC holds a 35% stake acquired in 2023, and the IPO is expected to raise approximately €700 million in new capital for acquisitions and renovations.

Meridian Hedged Equity Fund, managed by ArrowMark Partners, featured MGM Resorts International in its Q2 2026 investor letter, highlighting the company's strong operational performance including record Las Vegas Strip results and robust Macau gaming volumes. The fund's commentary reflects investor interest in the gaming and hospitality sector amid broader market recovery.