Santa Fe springs, calif., industrial property sells for $51.3Mln. Commercial Property Executive Travelers Club Luggage has paid $51.3 million, or $340.76/sf, for the GLP Mid-Counties Distribution Center, a 150,548-square-foot industrial property in Santa Fe August 20, 2026 Multi-Housing News An affiliate of BentallGreenOak, or BGO, has paid $160 million, or $531,561/unit, for the 301-unit Savanna at Reed's Crossing apartments in Hillsboro, Ore, about 14 miles west of downtown Portland, Ore The Toronto investor... August 20, 2026 Principal Financial Group has provided $32 million of mortgage financing against the Stop & Shop Plaza retail center in the Springfield Gardens section of Queens, NY The loan, arranged by Northmarq's New York metro debt and equity team,... August 20, 2026 Jacksonville Business Journal Mesa Capital Partners has paid $605 million, or $209,343/unit, for the 289-unit Satori Town Center apartment complex in Jacksonville, Fla The Atlanta investment firm acquired the four-story property from LivCor, a... August 20, 2026 South Florida Business Journal An affiliate of JPMorgan Investment Management has paid $385 million, or $17776/sf, for a pair of warehouse properties totaling 216,586 square feet in Kendall, Fla The New York investment manager acquired the... August 20, 2026 Charlotte Business Journal CBRE Investment Management has paid $1347 million, or $14596/sf, for North Charlotte Commerce Center, a 926,433-square-foot industrial park in Mooresville, NC, about 32 miles north of Charlotte, NC The real assets... August 19, 2026 Charlotte Business Journal MDH Partners has paid $35 million, or $12545/sf, for a 279,000-square-foot industrial building at 2820 Stadium Drive in Kannapolis, NC The Atlanta real estate private equity firm purchased the property from its developer a... August 19, 2026 Washington Business Journal Finmarc Management has paid $775 million, or $16848/sf, for Highline at Greensboro, a 460,000-square-foot office complex in Tysons, Va The Bethesda, Md, investor purchased the two-building property from CIM Group of Los... August 19, 2026 South Florida Business Journal An affiliate of El-Ad National Properties has paid $623 million, or $77875/sf, for the 80,000-square-foot Grove at 3250 Mary office building in Miami The Boca Raton, Fla, developer acquired the property from a venture... August 19, 2026 An affiliate of Apollo Global Management has provided $745 million of financing to fund the purchase and planned redevelopment of the 107,000-square-foot Seaview House Marina office building in Stamford, Conn, into residential condominiums The loan,... Recent. August 20, 2026 * Transactions * CMBS * Exec Changes August 20, 2026

$7M settlement stops NC landlord from using algorithms, competitor data to set rent. LivCor settled without admitting wrongdoing in a case accusing landlords of violating antitrust laws through algorithmic rent-setting. RALEIGH - Attorney General Jeff Jackson, alongside a bipartisan group of eight other attorneys general, reached a $7 million settlement with LivCor LLC, stopping the company from using nonpublic data from other landlords to set rents. "One by one, we're shutting down the illegal scheme that allowed landlords to use illegal AI software to drive up rents for North Carolinians," Jackson said in a statement. "This case is about leveling the playing field so that consumers pay affordable rents." LivCor, a major landlord with approximately 3,500 apartments in North Carolina, agreed to the settlement without admitting wrongdoing. The funds will be distributed among the states involved to cover legal expenses and state enforcement efforts. In addition to the monetary payment, the settlement places operational restrictions on how LivCor manages its properties. LivCor has agreed to stop sharing competitively sensitive data with other landlords and property managers to set rent prices, using third-party software to set rents and attending meetings of competing landlords hosted by RealPage. LivCor also must report to the attorney general's office and allow the office to inspect and ensure compliance with the order's terms. The attorney general can enforce the agreement in court or extend its terms if needed. The settlement follows allegations of illegal conduct involving RealPage and several landlords. Seven landlords are involved in the case, and together they own or manage more than 70,000 rental units across the state. The alleged rent hikes made it harder for North Carolinians to afford housing and hurt landlords who price their units lawfully. LivCor used software such as RealPage to set rents. RealPage is a real estate technology company that provides property management software and data analytics. Its software helps streamline leasing, accounting, resident screening and utility management for landlords and property managers. The lawsuit against RealPage alleges the company uses confidential rent and lease data to artificially set rents in violation of antitrust laws, according to the suit. The landlords involved allegedly shared information among themselves and RealPage about rents, occupancy, pricing strategies and discounts. RealPage has faced several lawsuits. In August 2024, the U.S. Justice Department filed an antitrust suit against the company, accusing it of using its algorithm to set rental prices for apartments nationwide. The department alleged RealPage contributed to rent prices remaining high after they spiked in 2021 and 2022. Although RealPage is not the only company offering landlords a tool to set prices, the lawsuit said it controls 80% of the market. A settlement reached in late 2025 bars RealPage from using nonpublic data to recommend pricing and restricts the company from training its algorithm on nonpublic information. In November 2025, Greystar reached a $7 million settlement with nine states. Greystar, the largest landlord in North Carolina, was sued for using rent-setting algorithms that drove up housing costs. That settlement stemmed from the lawsuits targeting RealPage. Separately, Greystar agreed in October 2025 to pay $50 million - the largest share of a proposed $141 million class-action settlement involving 25 other property management companies - to resolve tenant claims that the landlords used RealPage's software to align prices and drive up rents. The companies denied wrongdoing, and the deal required court approval. As part of the settlement, Greystar agreed to stop using software that relies on other landlords' confidential data to set rents. LivCor is the third landlord Jackson has settled with, after Greystar and Cortland, the largest and second-largest landlords in the state. He sued six property management companies in January 2025, accusing them of illegally working together and using RealPage's software to increase rent. He reached the LivCor settlement with attorneys general in California, Colorado, Connecticut, Illinois, Massachusetts, Minnesota, Oregon and Tennessee.