Monday, October 5, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Property Type

The-Element-at-University-Park
AcquisitionsMultifamilyTexas

MMG Real Estate Advisors Arranges Sale of 192-Unit Apartment Complex in Bryan, Texas

by Taylor Williams

BRYAN, TEXAS — Regional brokerage firm MMG Real Estate Advisors has arranged the sale of The Element at University Park, a 192-unit apartment complex in the Central Texas city of Bryan. Built in 2000, the property offers one- and two-bedroom units and an array of sports courts — basketball, volleyball, pickleball — in addition to a business center. Houston-based Lumen Capital sold the property to Hayden Properties for an undisclosed price. Harris Weber, Michael Moffitt, Michael Watson, Michael Miller and Thomas Skevington of MMG brokered the deal.

Continue Reading
FacebookTwitterLinkedinEmail
Research-Park-Plaza-V-Austin
AcquisitionsOfficeTexas

JLL Negotiates Sale of 172,854 SF Office Building in Northwest Austin

by Taylor Williams

AUSTIN, TEXAS — JLL has negotiated the sale of Research Park Plaza V, a 172,854-square-foot office building in northwest Austin. Completed in 2015, the four-story building was 85 percent leased at the time of sale to “institutional-quality” tenants such as Cadence Design Systems, which serves the semiconductor industry, and Planview, a global software company. Ryan Stevens, Drew Fuller and Jeff Coddington of JLL represented the seller, Atlanta-based REIT Cousins Properties (NYSE: CUZ), in the transaction. The buyer and sales price were not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
IndustrialLeasing ActivityTexas

Sports Companies Sign Two Industrial Leases Totaling 150,000 SF in San Antonio

by Taylor Williams

SAN ANTONIO — M Padel, a racquet sport concept, and Socceroof, an operator of indoor soccer facilities, have signed two industrial leases totaling 150,000 square feet in San Antonio. The sports companies will occupy the former distribution buildings at 6558 E. Campus Drive and 6422 E. Campus Drive on the city’s northeast side, which total 50,000 and 150,000 square feet, respectively. Giancarlo Carriero, Tommy Tran and Carey Chan of NAI Robert Lynn represented the tenants in the lease negotiations. The name and representative of the landlord were not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
Affordable HousingDevelopmentMultifamilyTexas

April Housing Underway on $21.5M Renovation of Arlington Affordable Housing Complex

by Taylor Williams

ARLINGTON, TEXAS — April Housing, Blackstone Real Estate’s affordable housing division, is underway on the $21.5 million renovation of Mayfield Park, a 11-building, 240-unit complex in Arlington that was built in 2000. The renovation is part of a resyndication that will preserve the property’s affordability status for another 30 years. Upgrades will include new flooring and appliances, new water heaters and HVAC systems, fresh painting and lighting, accessibility improvements and enhancements to amenity spaces. Benton Design Group is the project architect, and ICON Builders is the general contractor.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentFloridaLoansMultifamilySoutheast

PTM Partners Obtains $125M Construction Loan for Phase II of High-Rise Project in St. Petersburg, Florida

by Abby Cox

ST. PETERSBURG, FLA. — PTM Partners has obtained a $125 million construction loan to finance EDGE Collective II, a 330-unit residential development in downtown St. Petersburg’s EDGE District. Scott Wadler, Alec Fox, Mitch Sinberg, Matt Robbins and Brad Williamson of Berkadia arranged the three-year, floating-rate loan through an affiliate of GID on behalf of PTM Partners. Rising 20 stories, EDGE Collective II will feature 330 residential units with roughly 19,000 square feet of retail space. Further details of the project were not disclosed. Berkadia also advised PTM Partners on the debt and equity capitalization of Edge Collective’s first phase, including $42 million in construction financing for the Moxy St. Petersburg Downtown and the adaptive reuse components of the mixed-use development.

Continue Reading
FacebookTwitterLinkedinEmail
evo-st-petersburg
DevelopmentFloridaLoansMultifamilySoutheastWalker & Dunlop

Walker & Dunlop Provides $75M Refinancing of 23-Story Multifamily Tower in Metro Tampa

by Abby Cox

ST. PETERSBURG, FLA. — Walker & Dunlop has provided a $75 million Freddie Mac loan to refinance EVO St. Petersburg, a 220-unit residential complex located at 334 2nd Ave. S. in St. Petersburg. Jonathan Schwartz, Aaron Appel, Keith Kurland, Adam Schwartz, Sean Reimer, Dustin Stolly, Michael Stepniewski, Michael Ianno and Cody Ela of Walker & Dunlop arranged the fixed-rate financing on behalf of the borrower, FrontRange Capital Partners. Delivered in 2023, the 23-story tower features studio, one-, two- and three-bedroom floorplans. The community provides roughly 23,000 square feet of indoor-outdoor amenities including a swimming pool, fitness center, business center, clubhouse, a pet play area and 13,000 square feet of ground-floor retail.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentGeorgiaIndustrialSoutheast

Shimizu North America Opens $69M Toyota Electronics Manufacturing Facility in Pendergrass, Georgia

by Abby Cox

PENDERGRASS, GA. — Atlanta-based international general contracting and design-build firm Shimizu North America has opened a new Toyota Industries Electric Systems North America (TESNA) manufacturing facility in Pendergrass, about 57 miles northeast of Atlanta via I-85. The 200,000-square-foot facility represents a $69 million investment and is projected to create more than 250 new jobs in Jackson County. The new facility is part of a larger Toyota Industries Group shared campus that houses sibling manufacturing affiliates including TD Automotive Compressor Georgia (TACG), Toyota Industries Compressor Parts America (TICA) and Toyota Industries Electric Systems (TIES). The new plant serves as the TIES North America – Georgia (TIESNA-GA) Electric Division and focuses on manufacturing automotive DC-DC converters designed to scale high-voltage vehicle battery power down to lower voltages to safely power auxiliary equipment. TIESNA Georgia is a subsidiary of Japan’s Toyota Industries Group.

Continue Reading
FacebookTwitterLinkedinEmail
the-francis
DevelopmentLouisianaMultifamilySoutheast

RNGD Begins Vertical Construction on 251-Unit Multifamily Development in Elmwood, Louisiana

by Abby Cox

ELMWOOD, LA. — RNGD has begun vertical construction on The Francis, a 251-unit multifamily development located in Elmwood, about nine miles west of New Orleans. The project will replace a former Kmart store at Elmwood Center, a 1 million-square-foot open-air shopping center. Construction is slated for completion in spring 2028. Hancock Whitney Bank is providing financing for the project. The Jefferson Parish Economic Development Commission (JEDCO) collaborated with the Jefferson Parish Council and the development team on economic incentives, including a Payment In Lieu of Taxes (PILOT) structure. LRK is serving as architect, Parallel is leading interior design and RNGD is the general contractor. The Francis will feature one- and two-bedroom apartments with open-concept layouts and modern finishes. Amenities will include a central courtyard with a resort-style swimming pool and landscaped green spaces, a fitness center, coworking and creative spaces, resident library, dog walk and additional community gathering areas. The development team estimates the project will support more than 200 construction and permanent jobs. In addition to the residential building, Lauricella Land Co. is also planning a 70,000-square-foot expansion of Elmwood Center’s retail and dining options adjacent to The Francis.

Continue Reading
FacebookTwitterLinkedinEmail
Palisade-Santee-Commerce-Center-Santee-CA
AcquisitionsCaliforniaDevelopmentIndustrialWestern

North Palisade Partners Underway on 290,618 SF Multi-Tenant Industrial Project in Santee, California

by Amy Works

SANTEE, CALIF. — North Palisade Partners is underway on development of Palisade Santee Commerce Center, a new industrial project in Santee, located in San Diego County. The company acquired the 13.4-acre site at 10990 N. Woodside Ave. from an undisclosed seller for $22.7 million. Slated for completion in third-quarter 2027, Palisade Santee Commerce Center will offer 290,618 square feet of multi-tenant industrial space. Evan McDonald of Colliers represented the buyer in the transaction. Additionally, McDonald and Mark Lewkowitz of Colliers will serve as the property’s leasing advisors.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsCaliforniaRetailWestern

Westwood Financial Acquires 95,416 SF Grocery-Anchored Center in Huntington Beach, California

by Amy Works

HUNTINGTON BEACH, CALIF. — Westwood Financial has acquired Peninsula Marketplace, a 95,416-square-foot shopping center located in Huntington Beach in Southern California. Grocer Ralphs anchors the property, which was 99 percent leased at the time of sale. Other tenants at the center include Planet Fitness, Carl’s Jr., Woof Gang Bakery & Grooming, Sourdough & Co., Rubio’s Baja Gril, Peninsula Orthodontics, Aim Mail Center and 602 Coffee & Acai.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts