Property Type

CHATTANOOGA, TENN. — A partnership between Urban Story Ventures and Hill Partners has announced plans for a new $350 million retail and residential district at The Bend, a 120-acre mixed-use redevelopment in downtown Chattanooga. Situated along “the bend” in the Tennessee River, the new district will feature an open-air layout and comprise restaurants, shops, service retailers, offices and residences. Perkins&Will is providing the master plan design based off Urban Story Ventures’ vision for the project. According to Urban Story Ventures, existing developments that have inspired the design behind the new retail and residential district at The Bend include The Wharf in Washington, D.C., and Biltmore Village in Asheville, N.C. Other aspects of The Bend include a $300 million amphitheater being developed by Venu Holding Corp., which is planning to complete the venue by late 2028. Construction of the new district is expected to begin next year, with an anticipated completion timeline of the fall of 2028, subject to the timing of preleasing.

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ESTERO, FLA. — FRP Development Corp. and Woodfield Development have begun vertical construction on a mixed-use development underway in Estero, an incorporated village in Southwest Florida’s Lee County. Phase I of the development will include 296 apartments in three- and four-story residential buildings, as well as 30,000 square feet of retail space and amenities including a resort-style pool, gaming lounge, coworking facilities, fitness center and a sky lounge. The co-developers expect tenants to begin moving in by third-quarter 2027. Additionally, FRP and Woodfield recently secured an $81.5 million construction loan from Santander Bank for the yet-to-be-named development. Located at 23281 Lyden Drive, the development will offer 600 apartments, 80,000 square feet of retail space, 20,000 square feet of offices and a boutique 190-room hotel at full completion. The design-build team includes Brooks & Freud (general contractor), Humphreys & Partners Architects (architect) and ID & Design International (interior designer).

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DELRAY BEACH, FLA. — Construction and development firm ANF Group Inc. has completed the topping out of All Seasons Delray, a luxury senior living community currently underway in South Florida’s Palm Beach County. Beztak is the developer. Located at 15650 Lyons Road in Delray Beach, the property will feature 153 units, with 92 independent living apartments and 61 assisted living residences. Amenities will include a swimming pool, landscaped courtyard, pub, theater, library, game room, fitness center, pottery and arts studios, multipurpose activity spaces and an onsite medical center. Completion of All Seasons Delray is scheduled for the first quarter of 2028. Construction on the community began in late 2025.

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CHESAPEAKE, VA. — Ciuti International LLC, a specialty cooking oil importer and packager, has signed a 100,002-square-foot industrial lease at Diamond Hill III, a facility located at 1960 Diamond Hill Road in Chesapeake. Situated about six miles south of the Port of Virginia, the property will house the first Virginia operation for Ciuti. Brett Sain of Cushman & Wakefield | Thalhimer represented the tenant in the lease negotiations. Christine Kaempfe, Ellis Colthorpe and Geoff Poston, also with Thalhimer, represented the undisclosed landlord.

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Otay-Mesa-Business-Park-San-Diego-CA.jpg

SAN DIEGO — Elevation Land Co. and a real estate fund advised by Crow Holdings Capital have completed Phase I of Otay Business Park, a two-phase, 119-acre industrial and logistics campus in the Otay Mesa submarket of San Diego. The 612,240-square-foot initial phase includes: At full build-out, Otay Business Park will feature 1.8 million square feet of industrial space, spanning the Siempre Viva Road connection to State Route 11, which is the last exit on highway before entering the Otay East U.S./Mexico Port of Entry commercial border crossing. The first phase of this port-of-entry is slated to open in late 2027. Dempsey Construction is serving as general contractor for the project, which was designed by Ware Malcomb. Brant Aberg and Ryan Downing of Cushman & Wakefield are marketing the property for lease.

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Campo-on-17th-Tustin-CA

TUSTIN, CALIF. — Burnham-Ward Properties has purchased Enderle Center, a retail center in the Orange County city of Tustin. The company will redevelop the center, rebrand it as Campo on 17th and introduce approximately 60,000 square feet of revitalized commercial space and 100 new for-sale townhome residences. Intracorp will handle the development. Located at East Seventeenth Street and Enderle Center Drive, Campo on 17th will keep retail as the primary use while adding landscaping, water features, fire pit areas and a town green designed for year-round community gatherings. The redevelopment will include new building construction, remodeling of existing structures, upgraded utilities, reconfigured parking, improved circulation and sitewide enhancements. Leasing for retail space is underway for Campo on 17th, with units ranging from 988 square feet to 6,880 square feet. The restaurant Zov’s, a community staple since 1987, will debut a fully expanded and remodeled 8,200-square-foot space as an anchor tenant within the new project.

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2840-Loker-Ave-E-Carlsbad-CA

CARLSBAD, CALIF. — SENTRE has purchased 2840 Loker Avenue East, an industrial facility in the Southern California city of Carlsbad, from Bixby Capital Management and LaSalle Investment Management for $26.6 million. Hunter Rowe, Michael Longo, Barbara Perriet and Matt Carlson of CBRE represented the seller in the deal. Additionally, CBRE’s Scott Peterson and Michael Kolcum arranged acquisition financing for the buyer, while CBRE’s Roger Carlson, Dennis Visser and Blake Wilson provided leasing advisory services for the property. Situated on 6.2 acres within Carlsbad Technology Center, the 104,298-square-foot property was fully leased at the time of sale to Glanbia Nutritionals, a global nutrition and performance products company. Completed in 1998, the building has served as a key operational and logistics hub for Glanbia Nutritionals for nearly 25 years and features 13 dock-high loading doors, two grade-level doors and 4,000 amps of power.

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SANTA BARBARA, CALIF. — Colliers has brokered the $11.3 million sale of Kellogg Square, a neighborhood retail center located at 5555-5585 Hollister Ave. in Santa Barbara. AJR Capital Group sold the property to an undisclosed buyer. Miles Waters, Austin Herlihy, Chris Parker and Mike Chung of Colliers represented the buyer in the transaction.

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TULSA, OKLA. — Sword Industrial Partners, an affiliate of Dallas-based investment firm MAG Capital Partners, has acquired a portfolio of 24 industrial buildings totaling approximately 1 million square feet in Tulsa. The portfolio, which collectively totals 103 suites across six industrial business parks, includes Space Center, Space Center East, Tulsa Business Park, Tandem Business Park, Maxim Center and Maxim Place. All of the properties are located less than 10 miles from the downtown area and Tulsa International Airport. The seller was DRA Advisors. The sales price was not disclosed.

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Park-at-Fort-Bend-Stafford

STAFFORD, TEXAS — April Housing, Blackstone Real Estate’s affordable housing division, is underway on the $24 million renovation of Park at Fort Bend, a 250-unit affordable housing property in Stafford, a southwestern suburb of Houston. Built in 2001, the garden-style property offers two- and three-bedroom units across 20 buildings that are reserved for households earning 60 percent or less of the area median income. Renovations include new countertops, appliances, fixtures and flooring within unit interiors, as well as upgrades to amenity spaces such as the clubhouse, pool area, fitness center and resident clubhouse. Ownership is also making various accessibility, security and sustainability upgrades throughout the property. Renovations are expected to take about 18 months to complete.

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