Breakthrough Awards Investment & Transaction Finalists
Celebrating the Year’s Top Innovations, Developments, Transactions & Leaders
Commercial Observer’s 2026 Breakthrough Awards will recognize the teams, deals, developments, and executives across asset classes and verticals who have succeeded despite economic and urban challenges. Awards will be presented to the winning team at the Breakthrough Awards Breakfast on December 2nd in NYC.
Investment & Transaction Finalists Announced!
More Finalists Announced Soon
INVESTMENT & TRANSACTION
Mixed-Use Transaction of the Year
281 Park Avenue South
$81.5M Sale
SERHANT., Avison Young, RFR, Airbnb
The $81.5M sale of 281 Park Avenue South to Airbnb
One Beverly Hills
$4.3B Financing
JPMorgan Lending Solutions, Cain International
JPMorgan Lending Solutions’s $4.3B financing of Cain International’s One Beverly Hills
Wynwood Plaza
$335M Financing
L&L Holding Co., Oak Row, Shorenstein, Claure Group, Walker & Dunlop, Blue Owl Capital
Blue Owl Capital’s $335M refinancing of Wynwood Plaza
INVESTMENT & TRANSACTION
Healthcare/Life Sciences Transaction of the Year
$7.2B Sale of Outpatient Medical Building Portfolio
Multi-State
Gibson Dunn
Gibson Dunn for advising Welltower on the $7.2 billion sale of an 18M SF outpatient medical building portfolio
EastVillage
Austin, TX
Cottonwood Group, Reger Holdings LLC, Tarlton Properties
Cottonwood Group’s $105 million senior construction loan for EastVillage in Austin, TX
Assembly Innovation Park
Somerville, MA
BioMed Realty
BioMed Realty for this award in recognition of its Assembly Innovation Park in Somerville, MA
Clarion Partners
Multi-State
Clarion Partners for their series of highly curated single-asset healthcare investments totaling over $1B
INVESTMENT & TRANSACTION
Industrial Transaction of the Year
1.17M+ SF in Atlanta Acquisitions
Atlanta, GA
Basis Industrial, BaySpace, OneIM, Walker & Dunlop
1.17M+ SF in Atlanta acquisitions, including 40+ industrial buildings.
$718M Acquisitions of a 25-Building Industrial Portfolio
Dallas, Houston, Chicago
Link Logistics, Blackstone
$718 million acquisition of a 25-building industrial portfolios, securing 6M SF of logistics space across Dallas, Houston and Chicago.
$1.8B Industrial Portfolio
Multi-State
BKM Capital Partners, Kayne Anderson, CBRE, Link Logistics, Blackstone
BKM and Kayne Anderson Real Estate’s purchase of Blackstone’s $1.8B light industrial portfolio.
Brookfield Acquisition of Peakstone Realty Trust
Brookfield Asset Management, Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, Morgan Stanley, Gibson Dunn, Thomspon Hine LLP, Peakstone Realty Trust, BofA, O’Melveny & Myers LLP, Latham & Watkins LLP
Brookfield for its take-private acquisition of Peakstone Realty Trust (NYSE: PKST).
$628M Acquisition
Multi-State
Redfearn Capital, TPG Angelo Gordon
$628 million acquisition of a 53-building industrial portfolio spanning seven states.
INVESTMENT & TRANSACTION
Multifamily Transaction of the Year
Strata Portfolio Refinancing
Multi-State
SREIT, Walker & Dunlop Capital Markets Institutional Advisory
$1.72 billion refinancing of Starwood Real Estate Income Trust’s (SREIT) 52-property workforce and affordable housing Strata portfolio
The Stacks Phase 1
101 V Street SW, Washington, DC.
Akridge, National Real Estate Development, Blue Coast Capital, Bridge Investment Group, Bank OZK, TPG Real Estate Credit, Clark Construction, Cushman & Wakefield, Asadoorian Retail Solutions, Greystar
Rose Affordable Housing Preservation Fund
Multi-State
Jonathan Rose Companies
A $660M impact real estate investment fund closed to protect green and affordable housing
Bezel Miami
Miami, FL
Greystone, The Moinian Group
Greystone Capital Advisors’ $188 million refinancing of Bezel Miami
The Wharf
Gowanus, Brooklyn
Charney Companies, Tavros, Incoco Capital, Silver Point Capital, Bodsky, Tikehau Capital, Apollo, Affinius, RXR
Acquisition of 175 Third Street and securement of $785M debt package to complete The Wharf in Gowanus, Brooklyn
The Mary Ellen McCormack Phase I
South Boston, MA
Bank of America Community Development Banking, Winn Development, Boston Housing Authority, MassHousing, Executive Office of Housing and Livable Communities
The Mary Ellen McCormack Phase I affordable housing development.
INVESTMENT & TRANSACTION
Residential Transaction of the Year
1122 Madison Avenue
NYC
Legion Investment Group, Nahla Capital, Corcoran Sunshine
The $89.5 million penthouse sale at 1122 Madison Avenue, NYC
Bentley Residences Miami
Miami, FL
Berkadia, Madison Realty Capital
$630 million construction loan for Bentley Residences Miami, Miami, FL
Continuum Waterfront District
North Bay Village, FL
S3 Capital, Continuum Company
$344M financing package for Continuum Waterfront District, North Bay Village, FL
8 Carlisle Street
NYC
Grubb Properties, Maxim Capital Group, GreenBarn Investment Group, Skylight Real Estate Partners, Axonic Capital, Meadow Partners
$377M construction financing of 8 Carlisle Street, NYC
One High Line
NYC
Witkoff Group, Access Real Estate, Monroe Capital, Ares, JPMC
$525M refinancing secured for One High Line, NYC
INVESTMENT & TRANSACTION
Retail Transaction of the Year
Shops at Foothills Acquisition
Fort Collins, Colorado
CenterSquare Investment Management
225 Worth Avenue Sale
Palm Beach, FL
Adirondack Capital Partners
Lakewood Center Acquisition
Los Angeles, CA
Pacific Retail Capital Partners, Lyon Living, Silverpeak
DLC Management’s Grocery-Anchored Retail Portfolio
Multi-State
DLC Management Corp., DRA Advisors, Temerity Strategic Partners
$625M acquisition of a nine-property, grocery-anchored retail portfolio.
ECHO Realty Acquisition
NYC
TPG Real Estate, PSP Investments, La Caisse, Norges Bank Investment Management
About the Starrett Lehigh Building:
Starrett-Lehigh, a 2.3 million-square-foot workplace destination, is home to influential companies across fashion, entertainment, media, architecture, design, and technology. As an anchor of Manhattan’s West Side for nearly 100 years, the building serves as the professional and cultural hub at the center of the Meatpacking District’s retail and lifestyle growth, the commercial expansion of Hudson Yards, and the residential development in Chelsea and the surrounding neighborhoods.
The office campus is designed for innovative businesses looking to thrive in a global marketplace. A recent $150 million capital investment has transformed the property into a hub of modern convenience, featuring 100,000 square feet of premier amenities including the 601 Athletic Club, flexible amenity bays, and Level Ten with its two-story rooftop terrace. It also features diverse dining options including: Hav & Mar, the seasonal seafood house from acclaimed chef and restaurateur Marcus Samuelsson, The Yacht Club, the waterfront destination within Level Ten known for its elevated seafood-driven menu and sweeping Hudson River views and Olly Olly, the building’s food market.
Host Sponsor
RXR is an innovative real estate investment manager, operator, developer, and place-maker committed to applying a customer and community-centered approach to acquiring, operating, and building properties and to providing services and products that create enduring value for all stakeholders. Headquartered in New York with a nationally-scaled platform, RXR is an approximately 450 person, vertically integrated investment manager with expertise in a wide array of value creation activities, including acquisitions, asset and portfolio management, property operations, development, construction, leasing, and technological innovation. RXR is an active investor in real estate credit, rental housing, commercial property, and property technology through value-added and opportunistic investment strategies. The RXR platform manages 108 commercial real estate properties and investments with an aggregate gross asset value of approximately $16.4 billion, comprising approximately 30.9 million square feet of commercial properties, a multi-family residential portfolio of approximately 9,400 units under operation or development, and control of development rights for an additional approximately 3,000 multi-family and for sale units as of September 30, 2025. Gross asset value compiled by RXR in accordance with company fair value measurement policy and is comprised of capital invested by RXR and its partners, as well as leverage.
Coffee Sponsor
Keller Augusta is a national, full-service boutique executive search and advisory firm specializing in commercial real estate with offices in Boston, Dallas, New York, and South Florida. Highly sought for our ability to align clients and candidates with job opportunities within all CRE industry disciplines, we provide a 360 approach to recruitment and development management, including guidance for diverse and equitable hiring, compensation and benefit analysis, leadership development, organizational optimization, and succession planning.
For 25 years, our team has demonstrated success in delivering effective staffing solutions and consulting services from boutique real estate businesses to large institutions. With a deep understanding of national recruitment trends, we are well versed in the shifting dynamics of candidate identification and placement, providing exemplary search placements for entry level to senior management.
Program Sponsors
Basis Industrial is a vertically integrated real estate owner, operator and developer specializing in industrial and self-storage properties across the United States. Headquartered in Delray Beach, Florida, the company focuses on acquiring, developing and managing high-quality properties in strategic markets nationwide.
Led by CEO and Managing Partner Anthony Scavo, Basis Industrial has built a rapidly expanding portfolio encompassing more than 10 million square feet of owned and managed real estate, with over $2 billion invested. The company leverages its expertise in acquisitions, development, property management and asset optimization to identify opportunities, enhance property performance and create long-term value.
Through its BaySpace brand, Basis Industrial also provides flexible industrial and small-bay warehouse solutions designed to meet the evolving needs of businesses and entrepreneurs.
With a growing national footprint and an experienced leadership team, Basis Industrial continues to expand through strategic acquisitions, ground-up development and innovative investment partnerships. Learn more at BasisIndustrial.com.
With more than 800 lawyers located in key financial and business centers, Fried Frank brings a pragmatic, business-oriented approach to every engagement – advising clients through the full life cycle of business, developing impactful, long-term relationships. The firm’s prestigious client base of major corporations, investment funds, financial institutions and business leaders consistently seek our counsel across top-tier transactional and contentious matters.
Association Partner
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