Tuesday, August 11, 2026
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Uplands-Twinwood-Business-Park-Brookshire
DevelopmentIndustrialTexas

Clay Development Breaks Ground on Two Industrial Buildings Totaling 552,240 SF in Brookshire, Texas

by Taylor Williams

BROOKSHIRE, TEXAS — Local owner-operator Clay Development & Construction Inc. has broken ground on two industrial buildings totaling 552,240 square feet in Brookshire, a western suburb of Houston. The 291,720-square-foot Twinwood Distribution Center IV and the 260,520-square-foot Twinwood Distribution Center V are both part of the 200-acre first phase of Uplands Twinwood Business Park. The buildings both feature 36-foot clear heights, 69 dock-high doors, four drive-in ramps and 2,600 square feet of office space, in addition to a combined 342 car parking spaces and 120 trailer parking spaces. Completion is slated for the first quarter of next year. KBC Advisors has been tapped as the third-party leasing agency for the two buildings.

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Union-Square-San-Antonio
AcquisitionsOfficeTexas

JLL Negotiates Sale of 323,949 SF Office Campus in North San Antonio

by Taylor Williams

SAN ANTONIO — JLL has negotiated the sale of Union Square, a two-building, 323,949-square-foot office campus located on the north side of San Antonio. Building I was constructed in 1986 and offers 192,763 square feet across 10 floors, and Building II, which was completed in 2006, houses 131,186 square feet across six floors. The campus was roughly 95 percent leased at the time of sale. Drew Fuller, Chuck King and Patrick McCord of JLL represented the seller, a joint venture led by local owner-operator Worth & Associates, in the transaction. A partnership led by SynerMark Properties that includes Tryperion Holdings purchased the property for an undisclosed price.

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AcquisitionsIndustrialTexas

BGO Acquires 299,520 SF Industrial Portfolio in Katy, Texas

by Taylor Williams

KATY, TEXAS — BGO, the institutional investment firm formerly known as BentallGreenOak, has acquired a two-property industrial portfolio totaling 299,520 square feet in the western Houston suburb of Katy. Known as Heritage West and completed earlier this year, the portfolio comprises front-load buildings totaling 90,480 and 209,040 square feet that feature 32- and 36-foot clear heights, respectively. BGO acquired the portfolio, which was fully leased at the time of sale, in partnership with Austin-based Harbor Capital. The seller and sales price were not disclosed.

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AcquisitionsIndustrialTexas

Zenith IOS Buys 7.5-Acre Facility in Blue Mound, Texas

by Taylor Williams

BLUE MOUND, TEXAS — Zenith IOS (industrial outdoor storage) has purchased a 7.5-acre facility in Blue Mound, a northern suburb of Fort Worth. The property at 1151-1201 Cantrell Sansom Road consists of three buildings totaling approximately 29,300 square feet with 12 drive-through bays and four dock-high loading doors. Andrew Wieseman of Nashville-based brokerage firm Matthews sourced the deal on behalf of Zenith, which acquired the facility as part of a larger portfolio deal that included properties in Duncanville, Texas, and Tulsa, Oklahoma. The seller and sales price were not disclosed.

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16-20-Convent-Ave.-Manhattan
Affordable HousingDevelopmentLoansMultifamilyNew YorkNortheast

Affinius Capital Provides $40.7M Construction Loan for Upper Manhattan Multifamily Project

by Taylor Williams

NEW YORK CITY — Affinius Capital has provided a $40.7 million construction loan for an 84-unit multifamily project in Upper Manhattan. The borrower is Haussmann Development. The site is located within a Qualified Opportunity Zone at 16–20 Convent Ave., adjacent to Columbia University’s campus, and the mixed-income project will be developed pursuant to New York City’s 485-x tax abatement program. Information on floor plans, income restrictions and amenities was not disclosed. NDKazalas Architecture PC is designing the project, which is slated for an early 2028 completion.

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40-Franklin-St.-Needham-Massachusetts
AcquisitionsNew JerseyNortheastOffice

Onyx Partners Buys Historic Building in Metro Boston for New Headquarters

by Taylor Williams

NEEDHAM, MASS. — Onyx Partners has purchased a historic building in Needham, a southwestern suburb of Boston, for its new headquarters. The regional investment and development firm will redevelop the former You-Do-It Electronics Center building at 40 Franklin St., which was completed in 1965 and closed in 2024. Plans call for a modernization of the building interior and exterior, the upgrading of utility and mechanical systems and the adding of new office finishes. A tentative completion date was not announced.

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LoansNew JerseyNortheastRetail

CBRE Arranges $18.4M in Financing for Shopping Center in Perth Amboy, New Jersey

by Taylor Williams

PERTH AMBOY, N.J. — CBRE has arranged $18.4 million in financing for ≈, a 91,280-square-foot shopping center located in the Northern New Jersey community of Perth Amboy. A 60,665-square-foot ShopRite grocery store anchors the center, which was fully leased at the time of the loan closing to 15 tenants with a weighted average remaining lease term of 6.1 years. Richard Henry, Mike Ryan, Blake Cohen and J.P. Cordeiro of CBRE arranged the loan on behalf of the owner, Sterling Organization. The direct lender was not disclosed.

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Shores-Marina-del-Rey-CA
AcquisitionsCaliforniaMultifamilyWestern

Jackson Square Properties Acquires Multifamily Community in Marina del Rey, California for $170M

by Amy Works

MARINA DEL REY, CALIF. — Affiliates of Jackson Square Properties have acquired Shores, an apartment property in the coastal city of Marina del Rey, from a company doing business as Shores LLC. The sales price was $170 million. Cox, Castle & Nicholson LLP served as counsel to the seller in the transaction, which is one of the largest commercial real estate transactions in Los Angeles County this year, according to the team that worked on the deal. Completed in 2013, Shores features 544 residences across 12 interconnected five-story buildings. The marina-adjacent property offers mostly one- and two-bedroom apartments as well as a resort-style amenity package centered around a 2.5-acre park-like courtyard with a pool, dual spas, fire pits, barbecue areas, bocce court and sky terraces. The transaction team included Rutan & Tucker as counsel to the buyer; Glaser Weil as counsel to the County of Los Angeles; JLL as sale broker; and First American Title Insurance Co.

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The-Valiant-Berkeley-CA
CaliforniaDevelopmentMultifamilyStudent HousingWestern

Joint Venture Delivers 265-Bed Student Housing Development Near University of California, Berkeley

by Amy Works

BERKELEY, CALIF. — A joint venture between Canyon Partners Real Estate, The Martin Group and Valiance Capital has delivered The Valiant, a 265-bed student housing development located near the University of California, Berkeley campus. The eight-story building spans 80,500 square feet and offers 83 units in a mix of studio, one-, two-, three- and four-bedroom configurations. The property also features ground floor retail space. Shared amenities include a lobby and social lounge, 24-hour fitness center, group study space and a rooftop lounge. Studio KDA designed the project.

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LoansMultifamilyNevadaWestern

Newmark Arranges $33.5M Agency Loan for Refinancing of Reno Multifamily Property

by Amy Works

RENO, NEV. — Newmark has arranged a $33.5 million Fannie Mae loan for the refinancing of Ascent on Steamboat, a 204-unit community in Reno that is owned by Elan Multifamily Investments. Newmark’s Lowell Takahashi and Vince Punzi arranged the five-year, fixed rate loan. Located at 3300 Skyline Blvd. in Reno’s Old Southwest neighborhood, Ascent on Steamboat comprises one- and two-bedroom units and a pool, fitness center and clubhouse.

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