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Archive for September 29th, 2025
Phoenix draws another megaproject as Vestar unveils $1 billion Legacy Park
New retail development across the United States is in the midst of a dramatic slowdown, but fast-growing Phoenix continues to see activity with a multibillion-dollar project about to get off the ground. Developer Vestar on Monday unveiled plans for Legacy Park, a roughly 9.4 million-square-foot mixed-use complex slated for a vacant 200-acre site in Mesa, […]
In Bentonville, ‘all roads lead back to Walmart’
About five minutes into the drive from Northwest Arkansas National Airport in Bentonville, the contours of Walmart’s local influence begin to take shape. After passing acres of pastures and seemingly endless amounts of undeveloped land, distribution centers and warehouses emerge along the sides of Highway 12 as long-haul freight and smaller semitrucks emblazoned with the […]
Salesforce inks major New York office expansion to mirror growth across AI business
Salesforce is expanding its footprint at its namesake New York tower, adding more than 71,000 square feet as it grows to meet surging demand from the artificial intelligence boom. The San Francisco-based software company signed a dual renewal and expansion agreement at the Salesforce Tower across the street from Bryant Park, a deal that enlarges […]
Morgan Properties Pays $354M To Acquire Sunbelt and Midwest-Focused REIT
Morgan Properties’ real estate portfolio is getting bigger. An affiliate of the Conshohocken, Pennsylvania-based firm has acquired Toronto-based Dream Residential REIT, which manages over a dozen multifamily properties throughout the U.S., for roughly $354 million. Under the deal, Morgan is buying all the Class B units for $10.80 a share, representing an 18 percent premium […]
BKM Capital Underwriting ‘Significant’ NOI Growth for Texas Light Industrial Acquisitions
BKM Capital Partners is adding to its light industrial portfolio. The real estate manager has acquired two portfolios in Texas for $90 million — one in Dallas-Fort Worth (DFW) and Houston, as it sees value in the Lone Star State’s business-friendly environment and favorable industrial fundamentals. In total, the deal includes five properties, spanning a […]
Robert Martin and Dune Strike $500M Refi for Westchester 42 Asset Industrial Portfolio
Robert Martin Company and Dune Real Estate Partners have secured $500 million to refinance an industrial portfolio in Westchester County in New York State, a little over 30 miles away from Manhattan. The deal applies to 42 assets and three parks, according to reporting from the Commercial Observer. The following properties in the 2.4 million square […]