Property Type

Hillwood Breaks Ground on 1.2 MSF Spec Industrial Project at AllianceTexas in North Fort Worth

by Taylor Williams June 24, 2026

FORT WORTH, TEXAS — Hillwood has broken ground on a 1.2 million-square-foot speculative industrial project at within its AllianceTexas master-planned community in North Fort Worth. Alliance Westport 16 will feature 40-foot clear heights and 276 trailer parking spaces (expandable to 504 total onsite spaces), and the site can also potentially support a tri-load configuration and 190-foot truck court depths. GSR Andrade is the project architect, and Westwood is the civil engineer. Fifth Third Bank is financing construction, which is slated for a summer 2027 completion.

June 24, 2026

Acquisitions Loans Retail Texas

CBRE Arranges Acquisition Financing for 353,000 SF Retail Property in San Antonio

by Taylor Williams June 24, 2026

SAN ANTONIO — CBRE has arranged an undisclosed amount of acquisition financing for The Legacy, a 353,000-square-foot retail property in San Antonio. Built on 32 acres in 2006, The Legacy is home to tenants such as Main Event Entertainment, Best Buy and Buffalo Wild Wings. John Fenoglio and Brock Hudson of CBRE arranged the financing on behalf of the owner, a partnership between San Diego-based Rio Capital Investments and Triangle Capital Group. The direct lender was not disclosed. Barry Brown, Whitney Snell and Shea Petrick of JLL represented the seller, Santikos Real Estate Services, in the disposition.

June 24, 2026

Acquisitions Industrial Self-Storage Texas

Marcus & Millichap Brokers Sale of 306-Unit Self-Storage Facility in Denison, Texas

by Taylor Williams June 24, 2026

DENISON, TEXAS — Marcus & Millichap has brokered the sale of A-Alpha Self Storage, a 306-unit facility in the North Texas city of Denison. Built on 4.2 acres between 1996 and 2008, the facility spans 41,959 net rentable square feet of non-climate-controlled space, as well as five permanent shipping containers and one office space. Danny Cunningham and Brandon Karr of Marcus & Millichap represented the undisclosed seller in the transaction and procured the buyer, a Dallas-Fort Worth owner-operator that similarly requested anonymity.

June 24, 2026

Loans Multifamily Texas

Lument Provides $14.4M Agency Acquisition Loan for Northwest Houston Multifamily Property

by Taylor Williams June 24, 2026

HOUSTON — Lument has provided a $14.4 million Fannie Mae acquisition loan for Aspen Forest, a 144-unit, garden-style multifamily property in northwest Houston. Built in 1985 and renovated in 2020, Aspen Forest comprises 36 buildings that exclusively house two-bedroom units. Ted Nasca of Lument originated the loan, which carries a fixed interest rate, five-year term with partial interest-only payments and a 30-year amortization schedule. The borrower is Cube Equity Group.

June 24, 2026

Development Loans Michigan Midwest Mixed-Use Retail

Michigan Strategic Fund Approves $270.7M Plan for Redevelopment of Former Lakeside Mall

by Kristin Harlow June 24, 2026

STERLING HEIGHTS, MICH. — Gov. Gretchen Whitmer and the Michigan Strategic Fund Board have approved a $270.7 million Transformational Brownfield Plan (TBP) to support the redevelopment of the former Lakeside Mall site in Sterling Heights. The proposed plan includes roughly 1,545 residential units across nine multifamily buildings ranging in size from four to five stories, including a building targeted at residents over 55 years of age. Additionally, the project will add 154,007 square feet of new retail space, a central community park and green space and a mix of parking lots and street parking for residents and visitors. When complete, the project is estimated to result in $621 million in total capital investment. Aside from participating in tax revenue capture to support the redevelopment plan, the City of Sterling Heights intends to proceed with a bond issuance of approximately $27.6 million to assist in the cost of the infrastructure. The total TBP incentive package will be reimbursed over 30 years. The developer, Lakeside OOTB Ventures LLC, is a subsidiary of Lionheart Capital. Lakeside Mall closed in July 2024.

June 24, 2026

Loans Michigan Midwest Multifamily

BWE Arranges $37M Bridge Loan for Apartment Building in Kalamazoo, Michigan

by Kristin Harlow June 24, 2026

KALAMAZOO, MICH. — BWE has arranged a $37 million bridge loan for The Exchange, a 15-story apartment building in Kalamazoo. BWE’s Chris Carroll, Cathy Bronkema and Max Miller originated the financing from a debt fund on behalf of the borrower, a local commercial and residential property developer. Delivered in December 2020, The Exchange features ground-floor retail space, structured parking and luxury apartment units. Amenities include a roof deck, outdoor patio, fitness center, clubroom, package handling room and bike storage.

June 24, 2026

Acquisitions Midwest Multifamily Wisconsin

CBRE Brokers $7.1M Sale of Bayside Townhomes in Kenosha, Wisconsin

by Kristin Harlow June 24, 2026

KENOSHA, WIS. — CBRE has brokered the $7.1 million sale of Bayside Townhomes, a 32-unit multifamily community in Kenosha. CBRE’s Matson Holbrook, Gretchen Richards and Sean Beuche represented the seller, Bayside Townhomes LLC. Campbell Creek Communities LLC was the buyer. Bayside Townhomes is located at 1523 Sheridan Road, proximate to Carthage College and the Lake Michigan waterfront. The property, which features three-bedroom floor plans averaging 1,500 square feet, was fully occupied at the time of sale.

June 24, 2026

Acquisitions Illinois Midwest Retail

Marcus & Millichap Negotiates $5.6M Sale of Two-Tenant Retail Property in Metro Chicago

by Kristin Harlow June 24, 2026

ALGONQUIN, ILL. — Marcus & Millichap has negotiated the $5.6 million sale of a newly built retail property occupied by Chipotle and First Watch in Algonquin. The 6,150-square-foot asset is located at 1721 S. Randall Road within The Enclave mixed-use development. Austin Weisenbeck and Sean Sharko of Marcus & Millichap represented the seller, a developer. Darpan Patel and Dan Yozwiak of Marcus & Millichap procured the out-of-state buyer.

June 24, 2026

Development Georgia Industrial Southeast

Scannell Properties to Develop 335-Acre Logistics Park Near Savannah

by John Nelson June 24, 2026

ELLABELL, GA. — Scannell Properties has plans to develop Ridgeway Logistics Park, a 335-acre industrial campus situated directly across from the Hyundai Motor Group Metaplant in Ellabell, a western suburb of Savannah in Bryan County. Situated adjacent to the new I-16 interchange and near the Port of Savannah, the industrial park can accommodate up to 4 million square feet of space at full build-out. Phase I of Ridgeway Logistics Park will comprise a 1.1 million-square-foot speculative facility featuring 40-foot clear heights, four drive-in doors, 234 dock positions, 45 dock packages and parking for 338 trailers and 350 cars. Scannell will begin site work this summer. Bill Sparks and Preston Andrews of CBRE are handling the park’s leasing assignment.

June 24, 2026

Development Mixed-Use North Carolina Southeast

Lowes Foods to Anchor Mixed-Use Project in Mooresville, North Carolina

by John Nelson June 24, 2026

MOORESVILLE, N.C. — Lowes Foods plans to anchor Cadia Village Mooresville, a mixed-use development underway in suburban Charlotte. The Winston-Salem-based grocer will open a 52,000-square-foot store that features various departments, including a craft brewery (The Beer Den), coffee shop (Boxcar Coffee) and bakery (The Cakery). The developer, Pappas Properties, plans to break ground on the new Lowes Foods store in the third quarter, aiming for delivery in 2027. Situated near Lake Norman, Cadia Village Mooresville will feature a retail center, offices, a community village green space, for-sale homes, active adult apartments and cottage townhomes. Pappas Properties broke ground on Phase I of the mixed-use project last November.

June 24, 2026

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