Commercial Real Estate

Cleveland – September 10, 2026 -- Foss & Company is providing tax equity investment and bridge financing for the redevelopment of Erieview Tower, a 40-story 1964 landmark in downtown Cleveland, into W Cleveland, marking the first W-branded hotel in Ohio.

Redevelopment generates $102.6 million in qualified rehabilitation expenditures

The project is expected to produce $102,613,690 in qualified rehabilitation expenditures, unlocking $10,000,000 in Ohio Historic Preservation Tax Credits and $13,089,150 in Ohio Transformational Mixed-Use Development (TMUD) Tax Credits. Foss & Company is structuring both credit programs while also serving as bridge lender for the state credits.

Atlanta – September 15, 2026 -- The Atlanta Beltline Lantern Parade returns Sept. 19 for its 16th year with a route nearly half a mile longer than prior editions, extending the procession to almost two miles along the Beltline's Southwest Trail.

Parade route grows as Beltline corridor expansion continues

The event, launched in 2010 by resident artist Chantelle Rytter and her volunteer Krewe of the Grateful Gluttons, now stretches from Beulah Colbert Park through neighborhood streets to Lee + White, where it closes with the All-Band Puppet Jam. Organizers report attendance has grown from a few hundred participants at the trail's first completed segment to thousands today, tracking the phased buildout of the Beltline's 22-mile rail-to-trail corridor.

Washington – September 15, 2026 -- National Real Estate Advisors will replace founder and CEO Jeffrey Kanne with Kevin Verdi, its Executive Vice President and Chief Investment Officer, effective January 2027, the institutional investment manager announced.

Kanne exits after more than 25 years building the firm into an institutional real estate platform

Kanne, who founded National in 2000, will retire from the CEO role after more than a quarter-century at the helm, during which the firm grew into an investment manager serving U.S. and international institutional investors. He will remain with National as a Special Advisor following the leadership change.

Philadelphia – September 15, 2026 -- FirstService Residential has been reappointed to provide full-service property management for The Grandview Condominium Unit Owners Association, a 16-story Art Deco landmark in Philadelphia's Chinatown neighborhood originally completed in 1935.

Board ends self-management model after seeking expertise for complex construction oversight

The Grandview's board of directors moved away from a self-management structure, citing the need for a partner capable of overseeing large-scale, complex construction projects within the condominium community. Edmund Aristone, President of The Grandview Board of Directors, said the board is confident that under the leadership of FirstService Residential's Bob Bender, the community will be positioned to meet its long-term goals while enhancing residents' quality of life.

Toronto – September 15, 2026 -- Starlight Investments has closed its Starlight UK BTR Fund II with £680 million in total capital commitments across the fund and related investment vehicles, financing the acquisition and completion of more than 6,000 build-to-rent homes across the United Kingdom.

Fund II Secures Backing From Global Institutional Investors Across Three Continents

The fund drew commitments from a diverse group of global institutional investors spanning Europe, Asia-Pacific and Canada, including both existing limited partners and several new backers. Earlier this year, Homes England's National Housing Bank made a significant commitment to the fund, aligning the strategy with national efforts to expand the UK's undersupplied rental housing stock.

Newark, NJ – September 15, 2026 -- New Jersey Community Capital (NJCC) has listed two rehabilitated single-family homes on Cortland Street in Newark's Ironbound at $384,900 each, roughly $50,000 below an estimated market value of $435,000, under a $2.625 million state appropriation sponsored by Legislative District 29.

State funding totals $2.625 million across two fiscal years

Senate Majority Leader M. Teresa Ruiz and Assemblywoman Eliana Pintor Marin sponsored the resolution restoring $1,125,000 for the program in the FY27 State Budget, building on a $1,500,000 allocation secured in FY26. Assemblywoman Shanique Speight joined the two in directing the combined funds to Newark housing stability efforts.

Dallas – September 15, 2026 -- Provident Industrial has sold A20 Logistics Center, a 161,408-square-foot industrial building in Arlington, Texas, to an institutional buyer, closing out a project that leased half its space within one month of delivery.

Provident completed construction in January 2026, twelve months after breaking ground

The developer broke ground on the project in January 2025 in partnership with Humphreys Fund IV, managed by Humphreys Capital. Located at 4601 Dr. Martin Luther King Jr. Drive, just south of I-20 next to Arlington Municipal Airport, the site sits roughly 30 minutes from downtown Dallas, downtown Fort Worth, and DFW International Airport.

Phoenix – September 15, 2026 -- Foundation 8, LLC has closed a $44.5 million first mortgage loan with Hilco Global Real Estate Capital to refinance and reposition the office component of 333 N Central Avenue, a landmark mixed-use tower in Downtown Phoenix.

Loan refinances acquisition debt and funds leasing costs

The financing replaces existing acquisition debt and provides additional capital for leasing costs, tenant improvements, and capital improvements tied to Foundation 8's business plan for the property. The office component spans 246,490 square feet of Class AA space across the top eight floors, plus 2,522 square feet of ground-floor retail, rooftop amenity rights, and shared parking access. A separately owned 242-key Westin Hotel occupies the building's middle floors.

Whites Creek, Tennessee – September 13, 2026 -- Brennan Investment Group has commenced construction on a 210,000 square-foot, Class A speculative industrial facility on 17 acres in Whites Creek, Tennessee, with completion targeted for the second quarter of 2027.

Site sits eight miles from downtown Nashville with direct interstate access

The property is located less than a half-mile from the Interstate 24 interchange at Old Hickory Boulevard, giving future occupiers access to Nashville's three major interstates. Andrew Mazey, Brennan's Senior Vice President for the Nashville and Atlanta regions, said the location will draw last-mile and regional distribution users, and sits a 30-minute drive from Clarksville, Tennessee, a fast-growing manufacturing market.

New York – September 12, 2026 -- Cerberus Capital Management has sold its equity stake in Tenet Equity to CBRE Investment Management for $1.6 billion, exiting a net lease platform it built from scratch five years ago.

Tenet's portfolio spans 200 properties across 39 states

The company's holdings total approximately 12 million square feet across 26 industries and more than 65 tenants. CBRE Investment Management is acquiring the stake on behalf of several of its investment strategies.

Cerberus founded Tenet in 2021 with industry executives

Cerberus launched the platform alongside Executive Partners Nick Eggert and Andrew Gallagher, building a management team focused on triple net lease financing for middle-market companies and financial sponsors. Tom Wagner, Head of North American Real Estate at Cerberus, said the firm established Tenet as a reliable capital source for growing middle-market companies.