Commercial Real Estate

Philadelphia – September 16, 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 16, 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 16, 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 14, 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 13, 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.

Los Angeles – September 13, 2026 -- KB Home will release third-quarter 2026 earnings after market close on Tuesday, September 13, 2026, covering the period ended September 13, 2026.

KB Home schedules earnings call for 2:00 p.m. Pacific Time

The homebuilder will host a live webcast of its earnings conference call the same day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). Investors can access the call through the Events and Presentations section of KB Home's investor relations website.

Replay of webcast available for 30 days following the call

KB Home confirmed the webcast will remain available for replay on its investor relations site for 30 days after the live session concludes.

Irvine, Calif. – September 12, 2026 -- WNC & Associates, Inc. has closed a $66.3 million affordable housing fund in California, its 23rd consecutive state-focused vehicle for institutional investors, as the family-owned firm marks 55 years of operations.

Fund CA23 finances six new-construction properties totaling 650 homes

WNC Institutional Tax Credit Fund X California Series 23, L.P. will help four developers complete projects across Los Angeles, San Benito, and San Diego counties. All six properties target families using 4% Low-Income Housing Tax Credits, with 25 units backed by Section 8 rental assistance vouchers.

WNC's 23 California funds have raised nearly $1.5 billion since inception

The consecutive fund series has supported 161 affordable housing properties representing 15,573 homes and $4.2 billion in total development costs, spanning 34 counties across urban, suburban, and rural communities in the state.

Austin, Texas – September 12, 2026 -- SafeLease, a technology-driven insurance provider serving more than 4,000 commercial properties, has launched SafeHome, a suite of insurance products designed to close a compliance gap affecting an estimated 35% of manufactured homeowners who carry no liability insurance, according to a March 2024 Consumer Federation of America report.

Uninsured residents leave community owners exposed to claims

Nearly every manufactured housing lease requires residents to carry liability coverage, but property management systems currently lack the tools to track compliance. When an uninsured resident suffers a loss, the resulting claim frequently falls on the community owner rather than the resident.