CHICAGO AND WASHINGTON, D.C. — Brailsford & Dunlavey (B&D), a Bernhard Capital Partners portfolio company, and Project Management Advisors (PMA) have merged, bringing together two national companies in program management and real estate advisory services. Together, the firms offer a comprehensive suite of services spanning strategic planning and advisory, project leadership and delivery, owner’s representation and operations for consulting for social and institutional infrastructure clients and large asset owners. By merging their teams and capabilities, the firms expand their geographic reach and sector depth across higher education, healthcare, life sciences, technology, K-12 schools, civic and municipal projects, sports venues, hospitality, residential and energy infrastructure. The combined organization includes more than 450 professionals serving clients nationwide from offices in major markets, including Northern and Southern California, Austin, Chicago, Atlanta, Orlando, Tampa, Washington, D.C., and New York.
SHELBY TOWNSHIP, MICH. — Hungry Habibi has signed a 1,228-square-foot lease to open at The Shops at Nottinghill Village in Shelby Township. The lease marks the fast-casual Mediterranean restaurant’s third location in Michigan. Michael Murphy of Gerdom Realty & Investment represented the landlord, Beztak Properties. Zoran Saveski of Esoteric Realty represented the tenant.
CHICAGO — A partnership between LaTerra Capital Management and Respark Residential has agreed to acquire a portfolio of seven multifamily properties in suburban Chicago totaling 1,495 units. Multifamily owner-operator Aimco (NYSE: AIV) plans to sell the portfolio to the partnership for $455 million. The transaction is expected to close in first-quarter 2026, pending the assumption of the properties’ in-place mortgages. According to Crain’s Chicago Business, the portfolio comprises Evanston Place in Evanston; Hyde Park Tower in Chicago; Elm Creek and Eldridge Townhomes in Elmhurst; Yorktown Apartments and 220 Grace in Lombard; and Willow Bend in Rolling Meadows. Aimco recently concluded its year-long strategic review process and is moving forward with its “plan of sale and liquidation.” The Denver-based firm says that the buyers have completed due diligence and funded in part a $20 million nonrefundable deposit for the acquisition. Aimco says that the net proceeds from the sale will total $160 million. For LaTerra, the Aimco acquisition allows the Marina del Rey, Calif.-based company to increase its holdings in Chicago, which is currently the No. 1 market in the United States for rent growth, according to data from CoStar Group. The market saw 6,700 new units delivered in the past 12 …
NAPERVILLE, ILL. — Peakline Real Estate Funds (PREF) and Lincoln Property Co. have broken ground on The Claire, a 90-unit build-to-rent (BTR) community in the western Chicago suburb of Naperville. The project marks Naperville’s first BTR development, according to the developers. The Claire will offer 34 two-story townhomes and 56 three-story rowhomes with attached two-car garages, private outdoor space and resident amenities. The first residential deliveries are targeted for the second quarter of 2026. FNBO provided construction financing. The project team includes Kinzie Builders as general contractor, BSB as design architect and landscape architect, V3 Cos. as civil engineer and Eleni Designers as interior designer. RPM Living will oversee leasing and property management. The project is the second investment within PREF’s Build To Rent Fund I.
OHIO — W. P. Carey has completed a sale-leaseback of a 66,000-square-foot food processing facility in Ohio. The transaction also included a commitment to fund an expansion to the existing facility and a build-to-suit commitment for a new Class A distribution facility on the same campus. Completion is slated for November 2026. The property is triple-net leased to Novus Foods, which is backed by private equity firm CapVest. The tenant has invested heavily in the property and is making additional investments to upgrade equipment. The new facility will serve as the company’s main cross-dock distribution location. The assets will be subject to a long-term, triple-net master lease with fixed annual rent increases.
EAST ALTON, ILL. AND FORISTELL, MO. — EquiCap Commercial has negotiated the sales of two self-storage facilities in metro St. Louis. All Inn Storage, located at 978 E. Airline Drive in East Alton, features 9,600 net rentable square feet with 87 units on 9.1 acres. Alex Erbs of EquiCap represented the seller and procured the buyer, an out-of-state private equity firm. Foristell Storage, located at 19100 Veterans Memorial Parkway in Foristell, consists of 21,173 net rentable square feet with 260 units on 7.3 acres. Marla Čolić of EquiCap procured the buyer, a local storage owner-operator completing a 1031 exchange.
CHICAGO — Greenstone Partners has brokered the sale of a retail redevelopment site located at 1419 W. Diversey Parkway in Chicago’s Lincoln Park neighborhood. The existing two-story building totals 11,300 square feet across a 10,700-square-foot land site. Rosebud Restaurants’ headquarters office and commissary kitchen formerly occupied the property. Brewster Hague and Tom Galvin of Greenstone represented the buyer, a Michigan-based real estate development firm.
NORTHLAKE, ILL. — D6 Inc., a sustainable packaging supplier, has signed a 41,190-square-foot industrial lease at 11720 W. Grand Ave. in Northlake. Ed Wabick and Marc Hale of DarwinPW Realty/CORFAC International represented the tenant, which is both expanding and relocating from its previous facility. The space is part of a larger 82,380-square-foot building with 1,717 square feet of office space, four docks, two drive-in doors and a clear height of 22 feet. Terry Herlihy of NAI Hiffman represented the landlord, Westmount Realty Capital. D6 took occupancy last month.
ST. LOUIS — Tarlton is providing preconstruction and construction management services for “Catalyst: Powered by WashU,” a new startup hub for bioscience companies in the Cortex Innovation District from BOBB LLC, an affiliate of Washington University. The $100 million, 163,000-square-foot redevelopment project is located in the Central West End of St. Louis and includes the renovation of the 120,000-square-foot, seven-story former headquarters of MERS Goodwill Industries at 4140 Forest Park Blvd. Tarlton will restore the building, which was occupied by MERS Goodwill Industries from 1944 to 2019. The building was originally constructed for Standard Sanitary Manufacturing Co. and is listed on the National Register of Historic Places. The project also includes the construction of a new 50,000-square-foot, four-story addition. Three new elevators will access laboratory and office spaces. The ground-floor lobby will feature a coffee bar and common meeting spaces. HOK is the project architect.
KANSAS CITY, MO. — MMG Real Estate Advisors has arranged the sale and financing of Union Berkley, a 407-unit apartment community in Kansas City. The transaction marks the largest single-property sale ever recorded in Kansas City, according to MMG. The property was built in 2018 and is situated in the riverfront district. Harry Trotter, TJ Wahl, Brett Meinzer, Colson Bayles and Parker Guffey of MMG represented the seller.