Property Type

MG Properties Buys 458-Unit Apartment Community in Richardson, Texas

by Taylor Williams July 8, 2026

RICHARDSON, TEXAS — MG Properties has purchased Reserve at Spring Creek, a 458-unit apartment community located in the northeastern Dallas suburb of Richardson. Built on 17 acres in 2019, the property offers one-, two- and three-bedroom units with an average size of 921 square feet and amenities such as a pool, fitness center, outdoor grilling and dining stations, coworking lounge, coffee bar and a social lounge. Joey Tumminello, Drew Kile, Michael Ware, Taylor Hill and Jack Windham of Institutional Property Advisors (IPA) a division of Marcus & Millichap, represented the seller, , an affiliate of Lone Star Funds, in the transaction. Cameron Chalfant, Brian Eisendrath, Harry Krieger and Scott Arenzon, also with IPA, arranged an undisclosed amount of agency acquisition financing for the deal.

July 8, 2026

Acquisitions Industrial Texas

Realterm Acquires 24-Acre Industrial Outdoor Storage Facility in Hutchins, Texas

by Taylor Williams July 8, 2026

HUTCHINS, TEXAS — Realterm, an independent global investment manager focused on the transportation industry, has acquired a 24-acre industrial outdoor storage (IOS) facility in Hutchins, a southeastern suburb of Dallas. The facility at 1096 S. I-45 Service Road houses three buildings: a 24,200-square-foot maintenance facility, a 12,000-square-foot, grade-level warehouse and maintenance facility and a 7,600-square-foot office building. The buildings feature 23 drive-in doors, nine drive-through maintenance bays and one wash bay. The seller and sales price were not disclosed.

July 8, 2026

Acquisitions Industrial Lee & Associates Texas

Lee & Associates Arranges Sale of 113,904 SF Industrial Building in Lewisville, Texas

by Taylor Williams July 8, 2026

LEWISVILLE, TEXAS — Lee & Associates has negotiated the sale of a 113,904-square-foot industrial building in the northern Dallas suburb of Lewisville. Andes Coil Processes occupies the building at 202 S. Railroad St., which according to LoopNet Inc. was constructed in 1983 and features 35-foot clear heights. Tomas Wilson and Alex Wilson of Lee & Associates represented the buyer, Bleecker Partners, in the transaction. Todd Hubbard of NAI Robert Lynn represented the undisclosed seller.

July 8, 2026

Acquisitions Industrial Texas

Colliers Brokers Sale of 24,500 SF Industrial Building in Stafford, Texas

by Taylor Williams July 8, 2026

STAFFORD, TEXAS — Colliers has brokered the sale of an industrial building located at 13715 N. Promenade Blvd.in Stafford, a southwestern suburb of Houston. According to LoopNet Inc., the building, which totals 24,500 square feet, was originally constructed in 2006 and renovated in 2023. Jason Tangen of Colliers represented the undisclosed seller in the transaction.

July 8, 2026

Multifamily New York Northeast Office

Reports: Midtown Manhattan Office Building ‘Stable’ Following Yesterday’s Evacuation

by Taylor Williams July 8, 2026

NEW YORK CITY — The Midtown Manhattan office building that is under construction on East 42nd Street and was evacuated on Tuesday, July 7 following reports of buckling columns, sagging floors and falling debris is in “stable” condition, according to reports from USA Today and NBC News on the morning of Wednesday, July 8. Both publications cited a Tuesday evening statement from Ahmed Tigani, commissioner of the New York City Department of Buildings, in reporting this assessment. USA Today also reports that Tigani told reporters that “jacks were in place to stabilize the weak points and new steel was being installed to create additional stability.” In addition, CNN reported this morning that New York City officials are “confident” in the efficacy of the emergency measures undertaken over the past 24 hours but have not ruled out the possibility of a partial, or “localized” collapse. CNN also reported that additional stabilization practices will be implemented in the coming days. About a year ago, a partnership between Metro Loft Management and David Werner Real Estate Investments announced plans to execute a residential conversion of the 10-story office building at 219 E. 42nd St. The partnership planned to merge the converted space at …

July 8, 2026

Acquisitions New Jersey Northeast Office

RCS, Lamar Acquire 368,049 SF Office Building in Jersey City

by Taylor Williams July 8, 2026

JERSEY CITY, N.J. — A partnership between Real Capital Solutions (RCS) and Lamar Cos. has acquired 30 Montgomery, a 368,049-square-foot office building in Jersey City. The 16-story waterfront building was 61 percent leased at the time of sale to tenants such as Bluevine Capital, Wayste (Sourgum), Asset Based Lending and Outcomes Matter Innovations. The building has also received $30 million in recent capital improvements, including upgrades to the lobby, façade, building systems and common areas. The seller and sales price were not disclosed.

July 8, 2026

Company News Industrial Maryland Southeast

Merritt Properties Receives $750M Investment, Announces Leadership Changes

by John Nelson July 8, 2026

BALTIMORE — Merritt Properties, a privately held commercial real estate developer and owner based in Baltimore, has received a $750 million investment led by Centerbridge Partners LP. The investment includes capital to grow the company’s shallow-bay industrial portfolio in existing markets in Maryland, Virginia, North Carolina and Florida, as well as new markets. As part of the investment, Centerbridge acquired the ownership interest previously held by Almanac, the private real estate investment arm of Neuberger that has partnered with Merritt since 1997. Almanac is also part of the investment group led by Centerbridge. Jefferies Private Capital Advisory served as financial adviser to Merritt in connection with the transaction, and CBRE National Partners served as real estate adviser. Miles & Stockbridge PC and Kramon & Graham PA provided legal counsel to Merritt. Simpson Thacher & Bartlett LLP served as legal counsel to Centerbridge, and Seyfarth Shaw LLP represented Almanac. Additionally, Merritt has announced changes to its C-suite of executives. Robb Merritt, the company’s current president, has been appointed to CEO, while previous CEO Scott Dorsey will transition to executive chairman. Bobby Lanigan, who previously led Merritt’s acquisitions and strategic growth initiatives, will become the firm’s new president.

July 8, 2026

Loans Multifamily Oregon Western

Gantry Places $40M in Loans for Suburban Portland Multifamily Communities

by Amy Works July 8, 2026

CLACKAMAS AND TIGARD, ORE. — Gantry has placed two $20 million permanent loans for a single sponsor to refinance maturing debt for a pair of apartment communities near Portland, Ore. Blake Hering and Kristin Lapinskas of Gantry’s Portland office arranged the loans on behalf of the undisclosed borrower. The five-year, fixed-rate, nonrecourse permanent loans were provided by one of Gantry’s correspondent life company lenders. The loans feature full-term, interest-only payment schedules. Gantry will also service the loans. The properties are Squires Court in Clackamas and Riverwood Heights in Tigard. Totaling 475 units, the garden-style assets feature a mix of one-, two- and three-bedroom floor plans. Community amenities include pools, clubhouses and “well-maintained” structures and landscaping.

July 8, 2026

Acquisitions Affordable Housing California Multifamily Western

Marcus & Millichap Negotiates $9.7M Sale of Affordable Housing Property in Oakland

by Amy Works July 8, 2026

OAKLAND, CALIF. — Marcus & Millichap has negotiated the $9.7 million sale of Garden Villas, an affordable housing property located at 1256 99th Ave. in Oakland. Adam Levin of Marcus & Millichap’s Levin Johnston team represented the undisclosed seller and procured undisclosed buyer in the deal. Constructed in 1943, Garden Villas consists of 18 four-plex buildings offering a total of 73 one- and two-bedroom units. Community amenities include a leasing office, laundry facility, recreation space, onsite manager’s residence and private parking. More than half of the units have been renovated with updated kitchens and interiors, dishwashers, vinyl plank flooring, tiles and other modern finishes.

July 8, 2026

California Loans Office Western

MMCC Arranges $5.7M in Financing for Office Property in Los Angeles

by Amy Works July 8, 2026

LOS ANGELES — Marcus & Millichap Capital Corp. (MMCC) has arranged $5.7 million in financing for an office building located at 9221 Corbin Ave. in the Northridge neighborhood of Los Angeles. Situated near the California State University, Northridge campus, the 48,954-square-foot building is occupied by a tutoring service, internet service provider, computer repair service, consulting firm, real estate agency and an accounting firm. Dean Giannakopoulos of MMCC’s Chicago office originated the three-year loan at 65 percent loan-to-value through a regional bank on behalf of the undisclosed borrower. Other terms of the loan include a 6 percent interest rate and a 25-year amortization schedule.

July 8, 2026

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