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Thursday, November 5, 2026Commercial real estate news

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RATE WATCHDaily benchmarks 10-year Treasury4.84%-6 bpAs of Nov 5 5-year Treasury4.59%-10 bpAs of Nov 5 SOFR3.92%-2 bpAs of Nov 5 Effective Fed funds3.88%UnchangedAs of Nov 5

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New YorkJobs YoY +0.2%Unemployment 4.3%FloridaJobs YoY +0.6%Unemployment 4.4%TexasJobs YoY +1.1%Unemployment 4.4%CaliforniaJobs YoY +0.7%Unemployment 5.1%New JerseyJobs YoY +0.1%Unemployment 4.2%North CarolinaJobs YoY +1.3%Unemployment 3.4%AlabamaJobs YoY +1.0%Unemployment 3.5%AlaskaJobs YoY +1.2%Unemployment 4.3%ArizonaJobs YoY +0.6%Unemployment 4.9%ArkansasJobs YoY +0.9%Unemployment 3.9%ColoradoJobs YoY +0.4%Unemployment 4.1%ConnecticutJobs YoY +0.9%Unemployment 5.1%DelawareJobs YoY +0.3%Unemployment 4.6%District of ColumbiaJobs YoY -3.5%Unemployment 5.6%GeorgiaJobs YoY 0.0%Unemployment 3.3%HawaiiJobs YoY +0.1%Unemployment 2.8%IdahoJobs YoY +1.0%Unemployment 3.6%IllinoisJobs YoY +0.2%Unemployment 4.6%IndianaJobs YoY -0.4%Unemployment 3.4%IowaJobs YoY +0.3%Unemployment 3.2%KansasJobs YoY +0.3%Unemployment 3.8%KentuckyJobs YoY 0.0%Unemployment 4.7%LouisianaJobs YoY +1.8%Unemployment 4.0%MaineJobs YoY +0.1%Unemployment 3.3%MarylandJobs YoY -0.5%Unemployment 3.9%MassachusettsJobs YoY +0.4%Unemployment 4.3%MichiganJobs YoY 0.0%Unemployment 5.0%MinnesotaJobs YoY +1.2%Unemployment 4.5%MississippiJobs YoY +0.6%Unemployment 3.3%MissouriJobs YoY +1.0%Unemployment 3.6%MontanaJobs YoY -1.0%Unemployment 3.1%NebraskaJobs YoY +0.4%Unemployment 2.9%NevadaJobs YoY +1.6%Unemployment 4.7%New HampshireJobs YoY +0.3%Unemployment 2.6%New MexicoJobs YoY +1.3%Unemployment 4.7%North DakotaJobs YoY +0.2%Unemployment 2.2%OhioJobs YoY +0.3%Unemployment 3.4%OklahomaJobs YoY +0.8%Unemployment 4.2%OregonJobs YoY -0.1%Unemployment 5.0%PennsylvaniaJobs YoY +0.7%Unemployment 3.6%Rhode IslandJobs YoY -0.1%Unemployment 3.6%South CarolinaJobs YoY +2.3%Unemployment 4.0%South DakotaJobs YoY +0.4%Unemployment 2.0%TennesseeJobs YoY +0.8%Unemployment 3.4%UtahJobs YoY +1.5%Unemployment 3.5%VermontJobs YoY -0.1%Unemployment 2.6%VirginiaJobs YoY -0.6%Unemployment 3.6%WashingtonJobs YoY +0.7%Unemployment 4.8%West VirginiaJobs YoY 0.0%Unemployment 4.0%WisconsinJobs YoY +0.4%Unemployment 3.2%WyomingJobs YoY +0.9%Unemployment 3.0%

Multifamily sale and acquisition financing / NEWS

Dinerstein buys South Ridge apartments in Greenville

The 350-unit property sold for an undisclosed price, with Northmarq arranging a three-year bridge loan for the buyer.

Adrian ColeInvestment SalesNovember 9, 2026 · 2 min read

Deca Apartment Building in Greenville, a multistory building with balconies, seen beyond trees and a parking area. — Archival image of the Deca Apartment Building in Greenville, South Carolina, shown for illustration. Archival illustrative photograph; not presented as the specific property in this report. Photo: P. Hughes / Wikimedia Commons · CC BY-SA 4.0. Commons resize where applicable; CSS display crop. Adapted display remains under CC BY-SA 4.0.

Sale and financing

The Dinerstein Companies has acquired South Ridge, a 350-unit apartment community in Greenville, South Carolina, from Railfield Realty. Northmarq represented Railfield in the sale and arranged financing for Dinerstein, according to the brokerage. South Ridge Apts - Multifamily,Mid-rise Apartments Debt,Bridge

The purchase price was undisclosed, REBusinessOnline reported on Nov. 9. Northmarq said it arranged a three-year bridge loan for Dinerstein through AllianceBernstein. The loan amount and exact sale closing date were not disclosed, and Northmarq did not specify whether the financing had closed. Northmarq Negotiates Sale of 350-Unit Apartment Community in Greenville, South Carolina - REBusiness; South Ridge Apts - Multifamily,Mid-rise Apartments Debt,Bridge

Northmarq’s sales team included Andrea Howard, John Currin, Austin Jackson, Jeff Glenn and James Dorsett. David Vinson, Faron Thompson and Grant Harris handled the financing assignment, the firm said. REBusinessOnline identified the buyer as Houston-based and the seller as based in Bethesda, Maryland. Northmarq Negotiates Sale of 350-Unit Apartment Community in Greenville, South Carolina - REBusiness; South Ridge Apts - Multifamily,Mid-rise Apartments Debt,Bridge

Property and buyer plans

Completed in 2015, South Ridge occupies about 8.7 acres at 823 S. Church St. Its six residential buildings are accompanied by 14,658 square feet of occupied ground-floor retail, according to Northmarq. South Ridge Apts - Multifamily,Mid-rise Apartments Debt,Bridge

Northmarq said occupancy averaged 94% since 2023 and net operating income grew 28% over the same period. The brokerage said the apartments retain their original interior finishes. In Northmarq’s announcement, Dinerstein representative Christian Evans said the buyer sees potential for renovations and amenity improvements; the announcement did not provide a budget or schedule. South Ridge Apts - Multifamily,Mid-rise Apartments Debt,Bridge

South Ridge apartment community sale bridge loan