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Thursday, May 9

19

Joint Venture Delivers 280-Unit Affordable Housing Project in North Houston

HOUSTON — A joint venture between Westmont Hospitality Group and DC Partners has delivered Torrey Chase Apartments, a 280-unit affordable housing project in North Houston. The property consists of five buildings that house one- and two…

18

Marcus & Millichap Brokers Sale of 126-Unit Self-Storage Facility in Refugio, Texas

REFUGIO, TEXAS — Marcus & Millichap has brokered the sale of Affordable Mini Storage, a 126-unit self-storage facility in Refugio, about 40 miles north of Corpus Christi. The site spans 2.5 acres at 908 Bayou Road and can support…

David B. Norton Inc. Arranges $18.7M in Financing for Multifamily Project in Boerne, Texas

BOERNE, TEXAS — Capital advisory firm David B. Norton Inc. has arranged $18.7 million in construction and equity financing for a 125-unit multifamily project in Boerne, a northwestern suburb of San Antonio. The building will rise four…

Phoenix Design Group Signs 14,195 SF Industrial Lease Renewal in Metro Houston

STAFFORD, TEXAS — Phoenix Design Group has signed a 14,195-square-foot industrial lease renewal in Stafford, a southwestern suburb of Houston. According to LoopNet Inc., the building at 4850 Wright Road was built in 1979 and totals 42,695…

Holt Lunsford Negotiates 12,292 SF Industrial Lease Renewal in Grand Prairie, Texas

GRAND PRAIRIE, TEXAS — Locally based brokerage firm Holt Lunsford Commercial has negotiated a 12,292-square-foot industrial lease renewal at 902 Fountain Parkway in Grand Prairie, located in the central part of the metroplex. Canon Shoults…

Kushner Begins $500M Redevelopment of Monmouth Mall in Eatontown, New Jersey

EATONTOWN, N.J. — New York City-based Kushner Cos. has begun the redevelopment of Monmouth Mall in Eatontown, roughly 50 miles outside New York City, a project that is valued at approximately $500 million. Under the current plans, the…

17

JLL Arranges Financing for 165-Unit Seniors Housing Property in Glendale, Arizona

GLENDALE, ARIZ. — JLL  has arranged an undisclosed amount of financing for Inspira Arrowhead, a newly constructed seniors housing property in Glendale. Inspira Arrowhead is a three-story building that spans 187,393 square feet and totals…

Community HousingWorks Completes 59-Unit Affordable Seniors Housing Project in San Diego

SAN DIEGO — Community HousingWorks (CHW) has completed Puesta del Sol Apartments, a 59-unit affordable seniors housing project in the Linda Vista neighborhood of San Diego. Residences are reserved for households earning 30 to 60 percent of…

Faris Lee Investments Negotiates $5.4M Sale of Retail Strip Center in Long Beach, California

LONG BEACH, CALIF. — Faris Lee Investments has negotiated the $5.4 million sale of Time Square Center, an 11,790-square-foot retail strip center in Long Beach. Located at the intersection of Clark Avenue and Spring Street, the property was…

NorthPeak Commercial Brokers Sale of 24-Unit Multifamily Property in Denver

DENVER — NorthPeak Commercial Advisors has brokered the sale of The Glenwood, a 24-unit multifamily property located at 1280 Albion St. in Denver. The sales price was $6.1 million, or $254,166 per unit. Greg Johnson and Connor Piretti of…

Brinkman Real Estate Buys Autumn Woods Apartments in Salem, Oregon

SALEM, ORE. — Colorado-based investment firm Brinkman Real Estate has purchased Autumn Woods Apartments & Townhomes in Salem. The newly constructed, 10-building property offers two- and three-bedroom apartments and townhomes. Units feature…

16

Reynolds Asset Management Receives $19.5M Agency Loan for Refinancing of Poughkeepsie Multifamily Property

POUGHKEEPSIE, N.Y. — New Jersey-based investment firm Reynolds Asset Management has received a $19.5 million Fannie Mae loan for the refinancing of Violet Estates, an 84-unit multifamily property located north of New York City in…

MMCC Arranges $7.3M Loan for Refinancing of Medical Office Complex in Newington, Connecticut

NEWINGTON, CONN. — Marcus & Millichap Capital Corp. (MMCC) has arranged a $7.3 million loan for the refinancing of a medical office complex in Newington, located just south of Hartford. The address and square footage of the property, which…

Steiner + Associates Unveils Reimagined Fashion District at Easton Town Center in Columbus, Ohio

COLUMBUS, OHIO — Steiner + Associates has unveiled the re-tenanting of the Fashion District at Easton Town Center in Columbus. Plans call for new and expanded national retailers, contemporary brands, and elevated food-and-beverage…

BMO Provides $70M in Bridge Financing for Three Senior Living Communities in Wisconsin, North Dakota

WISCONSIN AND NORTH DAKOTA — BMO’s Healthcare Real Estate Group has provided a $70 million bridge loan on behalf of a joint venture between New Perspective Senior Living, Boldt Capital and Fengate Asset Management. The financing is for…

Alberici to Build Two Solar Energy Projects in Central Illinois

ILLINOIS — Alberici will build two utility-scale solar energy projects for Adapture Renewable Inc. (ARI) in central Illinois. The developments will be comprised of more than 232,000 solar panels each. Alberici is scheduled to break ground…

Marcus & Millichap Brokers $4.2M Sale of Walgreens-Occupied Property in Machesney Park, Illinois

MACHESNEY PARK, ILL. — Marcus & Millichap has brokered the $4.2 million sale of a 14,490-square-foot retail property net leased to Walgreens in Machesney Park, just north of Rockford. Constructed in 2008, the building is located at 1680 W.…

Vera Bridal Signs 1,800 SF Retail Lease in Garden City, Michigan

GARDEN CITY, MICH. — Vera Bridal has signed an 1,800-square-foot retail lease in Garden City, a western suburb of Detroit. The storefront is located at the intersection of Ford and Middlebelt roads. Michael Murphy and Joel Karboske of…

Sportime Pickleball to Open 30,000 SF Facility in Englewood, New Jersey

ENGLEWOOD, N.J. — Regional operator Sportime Pickleball will open a 30,000-square-foot facility in the Northern New Jersey community of Wayne. The facility at 62 Route 4 E will feature 12 courts. Neil Seth, Jennifer Konefsky, Kenji Ota and…

Muroff Hospitality Group Negotiates Sale of 12-Room Lamplight Inn in Lake Luzerne, New York

LAKE LUZERNE, N.Y. — Locally based brokerage firm Muroff Hospitality Group has negotiated the sale of the Lamplight Inn Bed & Breakfast in Lake Luzerne, about 60 miles north of Albany. The property was built in 1890 and consists of 12…

15

Greenebaum, St. John Properties Break Ground on Final Three Buildings at Maple Lawn in Fulton, Maryland

FULTON, MD. — A joint venture between Greenebaum Enterprises and St. John Properties has broken ground on the final three commercial buildings at Maple Lawn, a 605-acre mixed-use development in Fulton, a city in the Baltimore-Washington…

Microsoft to Invest $3.3B for Data Center Development in Mount Pleasant, Wisconsin

MOUNT PLEASANT, WIS. — Microsoft has unveiled plans to invest $3.3 billion between now and the end of 2026 in the development of a data center campus in Mount Pleasant, about 28 miles south of Milwaukee. The tech giant plans to expand its…

14

Milwaukee Office Tenants Focus on Quality Spaces, Talent Retention

By Matt Hock, NAI Greywolf In the active landscape of Milwaukee’s commercial real estate market, several trends are reshaping the way businesses, both tenants and landlords, approach office spaces. From the enduring impact of remote work…

Retail Owners Score Big With Sports, Entertainment Concepts

From pickleball to gaming to live music, landlords create hot new combinations that appeal to a variety of consumers and boost sales. Sports and entertainment destinations offer several benefits to retail properties — they boost foot…

Wednesday, May 8

18

Developers Announce $130M Retail Power Center in Marble Falls, Texas

MARBLE FALLS, TEXAS — A group of developers doing business as Flatrock Development Partners LLC has announced The Shops at Flatrock Crossing, a $130 million retail power center in Marble Falls, about 50 miles northwest of Austin. The site…

SAF Holland Group Preleases 255,672 SF Industrial Building in Rowlett, Texas

ROWLETT, TEXAS — The SAF Holland Group has preleased a 255,672-square-foot industrial building in the northeastern Dallas suburb of Rowlett. The manufacturer of parts for trailers, trucks and buses will occupy the entirety of Building 6 at…

The Multifamily Group Negotiates Sale of 122-Unit Property in Athens, Texas

ATHENS, TEXAS — Dallas-based brokerage firm The Multifamily Group has negotiated the sale of Athens Reserve Apartments, a 122-unit property located about 75 miles southeast of Dallas. The 11-acre site, which can support future expansion…

Northmarq Brokers Sale of 88-Unit Apartment Complex in Northeast San Antonio

SAN ANTONIO — Northmarq has brokered the sale of The Flats at 9338, an 88-unit multifamily complex in northeast San Antonio. Built on 3.2 acres in 1974, the property features one- and two-bedroom units with an average unit size of 850…

Haus of Tre Li Signs 16,549 SF Office Lease in North Dallas

DALLAS — Haus of Tre Li, an international home goods retailer, has signed a 16,549-square-foot office lease at 10100 N. Central Expressway in North Dallas. According to LoopNet Inc., the six-story building was constructed in 1983,…

Spartan Investment Group Acquires Three Self-Storage Facilities in Pacific Northwest for $44M

PORTLAND, ORE., AND VANCOUVER, WASH. — Colorado-based Spartan Investment Group has acquired three self-storage facilities in Oregon and Washington for $44 million. The seller was not disclosed. The 224,299-square-foot portfolio, which is…