Property Type

Signorelli Breaks Ground on 328-Acre Mixed-Use Expansion Project in New Caney, Texas

by Taylor Williams April 30, 2026

NEW CANEY, TEXAS — Signorelli Co. has broken ground on a 328-acre mixed-use expansion project at Valley Ranch,, the developer’s master-planned community in the northeastern Houston suburb of New Caney. Known as the Azalea District, the project will consist of a residential component of 359 single-family homes across 203 acres and a commercial component that will primarily feature healthcare uses across 125 acres. Additional uses within the commercial component could include retail, restaurant and hospitality in addition to other wellness-themed amenities. The first phase of development will include 156 single-family homes by First America Homes that are scheduled to be delivered this summer.

April 30, 2026

Development Healthcare South Carolina Southeast

Vertical Construction Begins on $1.2B Hospital Development in North Charleston

by John Nelson April 30, 2026

NORTH CHARLESTON, S.C. — The Barton Malow | Edifice joint venture team has begun structural steel work at Roper St. Francis Healthcare’s $1.2 billion Roper Hospital development in North Charleston. The start of steel work signals the 27-acre project’s transition from below-grade construction to its vertical rise. Designed by E4H Environments for Health Architecture and Skidmore, Owings & Merrill, the hospital campus will span 805,000 square feet and will offer 328 inpatient beds, a 47-bay emergency department, 44 critical care beds, 18 operating rooms, a comprehensive imaging department and a 12-bay hemodialysis unit. Completion is targeted for 2029.

April 30, 2026

Affordable Housing Development Florida Seniors Housing Southeast

McDowell Housing, Miami Jewish Health Open $139M Affordable Senior Living Community

by John Nelson April 30, 2026

PEMBROKE PINES, FLA. — McDowell Housing Partners and Miami Jewish Health have completed the development of Douglas Gardens Senior Health and Living, a new affordable seniors housing community located in Pembroke Pines, roughly 25 miles northwest of Miami. Now open, the community totals 410 units reserved for residents age 55 and older earning 30, 60 and 100 percent of the area median income. Amenities at the community include a pond with walking paths, theater room, business center and multiple indoor and outdoor gathering spaces. Development costs for the project totaled $139 million. This marks the third project completed in partnership by McDowell Housing and Miami Jewish Health. ANF Group served as the construction manager. The project team also included engineer and landscape designer Keith & Associates, REPRTWAR Architecture and Design and interior designer Jewel Toned Interiors.

April 30, 2026

Loans Multifamily Southeast Virginia

Berkadia Originates Three HUD-Insured Loans for Multifamily Properties in Virginia

by John Nelson April 30, 2026

RICHMOND, VA. — Berkadia has originated three HUD 223(f) loans for a trio of garden-style apartment communities in Virginia. The deals included an $11.5 million loan for the refinancing of Westlake Apartments in Hardy; a $9.5 million loan for the refinancing of River Retreat Apartments in Covington; and an $11.4 million loan for the refinancing of Madison Apartments in Christiansburg. Amy Gay of Berkadia’s FHA/HUD division originated the loans on behalf of the borrower, Roanoke, Va.-based Fralin Cos.

April 30, 2026

Acquisitions Florida Healthcare Southeast

Cushman & Wakefield Brokers $6.9M Sale of Delray Beach Medical Pavilion in South Florida

by John Nelson April 30, 2026

DELRAY BEACH, FLA. — Cushman & Wakefield has brokered the $6.9 million sale of Delray Beach Medical Pavilion, a 36,041-square-foot healthcare facility located at 14000 S. Military Trail in Delray Beach. Located in South Florida’s Palm Beach County, the clinic features covered parking and was 63.4 percent leased at the time of sale. Benlee Asset Management purchased Delray Beach Medical Pavilion from the seller, an entity doing business as 14000 S Military Trail LLC. Scott O’Donnell, Mike Ciadella, Greg Miller, Miguel Alcivar, Gino Lollio and Travis Ives of Cushman & Wakefield represented the seller in the transaction.

April 30, 2026

Loans Multifamily Texas

Mesa West Capital Provides $81M Loan for Refinancing of Houston Multifamily Property

by Taylor Williams April 30, 2026

HOUSTON — Mesa West Capital has provided an $81 million loan for the refinancing of Domain Memorial, a 313-unit multifamily property in Houston. Built on a 12.7-acre site in 2016 in the Briar Forest/West Memorial submarket, Domain Memorial offers one-, two- and three-bedroom townhome-style units with an average size of 1,300 square feet that are housed across 29 buildings. Amenities include a pool, fitness center and a clubhouse. The borrower, Dallas-based Knightvest Capital, will use a portion of the proceeds of the five-year, floating-rate loan to complete interior renovations. Domain Memorial is currently 95 percent occupied.

April 30, 2026

Development Industrial Office Texas

Foundry Commercial Underway on Office-to-Industrial Conversion Project in Irving

by Taylor Williams April 30, 2026

IRVING, TEXAS — Foundry Commercial, an Orlando-based development and brokerage firm, is underway on construction of an office-to-industrial conversion project in Irving. The address of the office building was not announced, but the new industrial facility will total approximately 110,000 square feet and will be known as Ridgepoint. Demolitions began in March. An expected completion date was not announced. Ridgepoint will be Foundry’s 10th office-to-industrial conversion overall and its sixth in the Dallas area.

April 30, 2026

Industrial Leasing Activity Texas

AllTerra Central Signs 22,413 SF Industrial Lease Expansion, Renewal in Southlake, Texas

by Taylor Williams April 30, 2026

SOUTHLAKE, TEXAS — AllTerra Central has signed a 22,413-square-foot industrial lease expansion and renewal in Southlake, located north of Fort Worth. The provider of surveying and mapping services now occupies the entire building at 545 Commerce St., which according to LoopNet Inc. was completed in 1996. Travis Smith of JLL represented the tenant in the lease negotiations. Jon Skidmore, Andrew Gilbert and Keaton Brice of Holt Lunsford Commercial represented the landlord, Philadelphia-based Arden Group.

April 30, 2026

Acquisitions California Multifamily Western

Advanced Real Estate Acquires Two Multifamily Communities in Hollywood Totaling 393 Units

by Amy Works April 30, 2026

LOS ANGELES — Advanced Real Estate has purchased two apartment properties in the Hollywood neighborhood of Los Angeles, totaling 393 residences. The assets include the 200-unit Sky Hollywood (formerly known as Columbia Square Living) and the 193-unit Jardine Hollywood towers. Terms of the transactions were not released. The acquisitions bring the Advanced portfolio to almost 13,000 units in Southern California. Sky Hollywood is situated a block south of Hollywood Boulevard at El Centro, and Jardine is located a block south of Sunset Boulevard at Ivar. The properties offer rooftop pools, large fitness centers, resident lounges, floor-to-ceiling windows and luxury appliances. Additionally, each property offers penthouses leasing from $12,000 to $20,000 per month. Advanced Management Co. will handle property management for the assets. Advanced plans to make cosmetic upgrades to the properties, which will be administered by it affiliated construction company, R3 Construction Services. Blake Rogers, Dillon Bergum, Alexandra Caniglia and Kip Malo of JLL Capital Markets handled the acquisitions. Kevin Mackenzie, Greg Brown and Charlie Vorsheck of JLL procured two separate, uncrossed loans totaling $141.4 million from Freddie Mac. The loans have a fixed rate for 10 years and interest-only payments.

April 30, 2026

Acquisitions Arizona Multifamily Western

Thompson Thrift Disposes of Build-to-Rent Community in Peoria, Arizona for $45.8M

by Amy Works April 30, 2026

PEORIA, ARIZ. — Thompson Thrift has completed the sale of Grindstone at Sunrise, a build-to-rent multifamily community in Peoria, to an undisclosed buyer for $45.8 million, or $327,500 per unit. Steve Gebing and Cliff David of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller and procured the buyer in the deal. Completed in 2021, Grindstone at Sunrise features 140 one- and two-story homes in one-, two- and three-bedroom floor plans spread across 70 residential buildings. Units offer open-concept living spaces, 10-foot or higher ceilings and an average unit size of 1,069 square feet. The community also includes an amenity building, resort-style swimming pool and spa.

April 30, 2026

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