Property Type

Logistics Property Co. to Develop 1.4 MSF Industrial Park in Grand Prairie, Texas

by Taylor Williams March 23, 2026

GRAND PRAIRIE, TEXAS — Logistics Property Co. will develop a 1.4 million-square-foot industrial park in Grand Prairie, roughly midway between Dallas and Fort Worth. The Chicago-based developer has purchased 109 acres at the intersection of President George Bush Turnpike and Shady Grove Road for the project, which will be known as Bear Creek Logistics Park. The five-building development will be constructed in two phases, with Phase I comprising 534,378 square feet across two buildings that will feature 36- to 40-foot clear heights. Completion of Phase I is slated for early 2028. Logistics Property Co. has tapped CBRE to lease Bear Creek Logistics Park.

March 23, 2026

Acquisitions Hospitality Texas

Marcus & Millichap Brokers Sale of 107-Room Hotel in Pecos, Texas

by Taylor Williams March 23, 2026

PECOS, TEXAS — Marcus & Millichap has brokered the sale of a 107-room hotel in Pecos, located roughly midway between Midland and El Paso. The hotel is operated under the Best Western brand, and the sale included the Alpine Lodge restaurant, Ol’ Barrys Tavern and The Villas, a 33-unit manufactured housing community situated behind the hotel. Allan Miller and Chris Gomes of Marcus & Millichap represented the seller, an entity doing business as Catering of Central Texas LLC, in the transaction and procured the buyer, a private investor group.

March 23, 2026

Acquisitions Industrial Office Texas

Colliers Brokers Sale of 51,150 SF Industrial Flex Building in Southeast Houston

by Taylor Williams March 23, 2026

HOUSTON — Colliers has brokered the sale of a 51,150-square-foot industrial flex building in southeast Houston. According to LoopNet Inc., the building at 9191 Gulf Freeway was completed in 2015, offers 18- to 21-foot clear heights and was 86 percent leased at the time of sale. David Carter and Jeff Peltier of Colliers represented the seller in the transaction, and Chase Spence and Jordan Trout, also with Colliers, represented the buyer. Both parties requested anonymity.

March 23, 2026

Leasing Activity Office Texas

Walters, Balido & Crain Signs 5,590 SF Office Lease Expansion in North Dallas

by Taylor Williams March 23, 2026

DALLAS — Walters, Balido & Crain has signed a 5,590-square-foot office lease expansion in North Dallas. The Austin-based law firm now occupies 44,021 square feet at Meadow Park Tower, a 267,779-square-foot building, and is committed through 2033. Scott Hage of JLL represented the tenant in the lease negotiations. Richmond Collinsworth and Jared Laake represented the landlord, Bradford Commercial Real Estate Services, on an internal basis.

March 23, 2026

Loans Multifamily New Jersey Northeast

Cushman & Wakefield Arranges $136M Loan for Refinancing of Jersey City Apartment Building

by Taylor Williams March 23, 2026

JERSEY CITY, N.J. — Cushman & Wakefield has arranged a $136 million loan for the refinancing of Modera Lofts, a 366-unit apartment building located in the Powerhouse Arts District in Jersey City. Completed in 2016, Modera Lofts offers studio, one- and two-bedroom floor plans. Amenities include a fitness center, a rooftop deck, indoor lounge, 24-hour concierge services and a pet spa, and the building also houses about 13,000 square feet of retail space and unique rentable artist studios. John Alascio, Alex Hernandez, Chris Moyer, Chuck Kohaut, Alex Lapidus and Meredith Donovan of Cushman & Wakefield arranged the loan through J.P. Morgan on behalf of the borrower, Harrison Street Asset Management.

March 23, 2026

Acquisitions Multifamily Northeast Rhode Island

Audubon Capital Buys 151-Unit Multifamily Portfolio in Providence

by Taylor Williams March 23, 2026

PROVIDENCE, R.I. — Audubon Capital Partners, a real estate private equity firm, has purchased a portfolio of two multifamily properties totaling 151 units in Providence. Both Chestnut Commons (92 units) and 95 Lofts (59 units) are located in the downtown area on adjacent sites. Chestnut Commons was built in 2020 and offers one-, two- and three-bedroom units with an average size of 774 square feet, while 95 Lofts was completed in 2017 and features studio, one- and two-bedroom floor plans with an average size of 550 square feet. Simon Butler, Biria St. John, John McLaughlin and Brian Bowler of CBRE represented the sellers, represented the sellers, two partnerships led by Waldorf Capital Management, in the transaction.

March 23, 2026

Acquisitions Multifamily New Jersey Northeast

Kislak Negotiates $20M Sale of Apartment Complex in Neptune City, New Jersey

by Taylor Williams March 23, 2026

NEPTUNE CITY, N.J. — Locally based brokerage firm The Kislak Co. Inc. has negotiated the $20 million sale of Hampshire Terrace, an 80-unit apartment complex located in the coastal New Jersey community of Neptune City. The garden-style, freshly renovated complex offers 56 one-bedroom units and 24 two-bedroom units. Robert Holland of Kislak represented the seller, Hampshire Associates, in the transaction. Daniel Lanni, also with Kislak, represented the undisclosed buyer.

March 23, 2026

Acquisitions Mixed-Use Northeast Pennsylvania

JLL Brokers Sale of 34,795 SF Mixed-Use Building in Philadelphia

by Taylor Williams March 23, 2026

PHILADELPHIA — JLL has brokered the sale of a 34,795-square-foot mixed-use building in Philadelphia’s Rittenhouse Square neighborhood. Originally constructed in 1937 and last renovated in 2009, the five-story building at 1619-1621 Walnut St. was 11 percent leased at the time of sale. Jim Galbally, Fran Coyne, Carl Fiebig, JP Colussi and Patrick Higgins of JLL represented the seller, Nuveen Real Estate, in the transaction. The buyer was MZP AG, a private investment group based in Switzerland.

March 23, 2026

California Loans Multifamily Western

BWE Secures $82.9M in Financing for Multifamily Community in Simi Valley, California

by Amy Works March 23, 2026

SIMI VALLEY, CALIF. — BWE has secured an $82.9 million loan for River Ranch Apartments, a garden-style multifamily property in Simi Valley. Jake Roberts and Mike Guterman of BWE originated the financing from Fannie Mae on behalf of Decron Properties. The five-year, fixed-rate loan will allow Decron to pay off existing bank debt while getting cash out that will allow the owners to continue to operate River Ranch. Built in 1985 and renovated in 2016, River Ranch features 398 one-, two- and three-bedroom apartments with stainless steel appliances, energy-efficient kitchens with granite countertops and private patios and balconies. Community amenities include a pool, dog park, fitness center and resident clubhouse.

March 23, 2026

Affordable Housing California Development Multifamily Western

Bogard Construction Breaks Ground on 100-Unit Educator Housing Project in Santa Cruz, California

by Amy Works March 23, 2026

SANTA CRUZ, CALIF. — Bogard Construction, in partnership with Santa Cruz City Schools, has broken ground on the district’s first Educator Housing Community at 313 Swift St. The property will offer 100 below market-rate apartments designated for district teachers and staff. Funded through voter-approved Measures K and L, the project is being delivered through an Alternative Design-Build approach with Bogard, Santa Cruz Schools, EHDD and Studio VARA working together throughout the process to align budget, constructibility, site planning and program goals. The 120,000-square-foot community will feature studio, one-, two- and thee-bedroom apartments, along with site improvements and renovations to two existing buildings on the property. Architecturally, the project is organized into smaller neighborhoods across three distinct masses connected by elevated bridges and exterior walkways. Completion is slated for 2028.

March 23, 2026

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