Property Type

SpringHill-Suites-New-Braunfels

NEW BRAUNFELS, TEXAS — Oldham Goodwin Group, a Texas-based development, management and brokerage firm, has topped out a 150-room hotel in the northeastern San Antonio suburb of New Braunfels. The eight-story, 150,000-square-foot building will be operated under the Springhill Suites by Marriott brand. The site is located along the Guadalupe River, and the hotel will connect to the adjacent 125-room Courtyard by Marriott hotel. Amenities will include a pool, fitness center, business center, meeting rooms, boat docks and an onsite restaurant and bar. Niles Bolton Associates is the project architect, and Arch-Con Corp. is the general contractor. Construction began last summer and is expected to be complete in late 2026-early 2027.

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FORT WORTH, TEXAS — KW Commercial has arranged the sale of a 121-unit apartment building in Fort Worth. Built in phases between 1969 and 1980, Slate at Fort Worth is located on the city’s west side. Units come in one- and two-bedroom floor plans, and amenities include a pool, courtyard and outdoor grilling and dining stations. The buyer was a partnership between Westline Equity Partners and Apogee Capital, and the seller was not disclosed. Jaxton Hoelting led the transaction for KW Commercial. Carl Pankratz of Blackacre Commercial arranged an undisclosed amount of acquisition financing for the deal through Sheridan Capital.

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MCKINNEY, TEXAS — Kroger will open a 99,000-square-foot store at Custer Frontier Marketplace, a 170,000-square-foot retail development in McKinney, a northern suburb of Dallas. The Kroger store will include a fuel station, and Custer Frontier Marketplace will also have 54,000 square feet of small-shop and freestanding retail space, along with pad sites. Michelle Caplan and Maggie Hansen of Weitzman represented the landlord in the lease negotiations.

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HOUSTON — John Moore LLC has signed a 16,234-square-foot office lease in northwest Houston. The provider of home services has committed to Sam Houston Crossing II, a 159,056-square-foot building. Charles Dorfman of Cresa (formerly Cushman & Wakefield) represented the tenant in the lease negotiations. Louann Pereira and Doug Little of Transwestern represented the landlord, California-based Buchanan Street Partners.

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ATLANTA — Atlanta-based MDH Partners has closed a $946.8 million refinancing for Project Interstellar, a 59-property, 13.5 million-square-foot industrial real estate portfolio that spans 15 states. The names and locations of the properties were not released. The refinancing package involved restructuring nine existing mortgages into seven new loans, with Wells Fargo Bank NA providing $786.8 million as the sole bookrunner, joint lead arranger and administrative agent on six of the loan portfolios. ACORE Capital provided $160 million as the administrative agent on the seventh loan portfolio. Matthew Ludwig of MDH Partners worked with Melissa Frawley and Steve Hinkle at Wells Fargo and Scott Swisher at ACORE Capital to secure the loans.  MDH Partners currently manages three investment vehicles that owns 38.5 million square feet of industrial space across 19 states. The firm is currently investing in Fund III, which has closed more than $591 million in acquisitions and another $160 million in properties under contract in the past six months.

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OXFORD, MISS. — A public-private partnership between the University of Mississippi (Ole Miss) and Charleston-based Greystar has broken ground on Kincannon Hall, a $101 million residence hall project located on the university’s campus in Oxford. The development — which is scheduled for completion ahead of the 2027-2028 academic year — will offer 1,282 beds in semi-suite configurations. The community is being constructed in partnership with Greystar’s modular construction arm, Modern Living Solutions. Sections of the buildings will be developed in Knox, Pa., and shipped to campus to be assembled onsite. The development team for the project includes WDG Architecture and CDFL. The development was financed through tax-exempt bonds, with Provident Resources Group serving as the borrower of the bonds and project owner. Raymond James acted as bond underwriter for the financing. The project includes a second phase of development, which is expected to deliver additional suite-style units in 2028. Further details on the project were not released.

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SMYRNA, TENN. — Hamilton Development has broken ground on Cornerstone Business Park, a 152-acre industrial park located at 5481 W. Jefferson Pike in Smyrna, a southeast suburb of Nashville. Situated off I-840, the industrial park will feature 12 buildings spanning 1.8 million square feet upon full build-out. Hamilton Development began construction on Phase I of Cornerstone Business Park, which features eight buildings spanning 1 million square feet. The first buildings are set for delivery in first-quarter 2027. Phase II will comprise four buildings totaling 800,000 square feet. Hamilton Development, which has 14 industrial parks in the Nashville market, has tapped Hayes McWilliams and Henry Sherer of Cushman & Wakefield to lease Cornerstone Business Park.

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CHARLESTON, S.C. — Locally based Ziff Real Estate Partners (ZRP) has acquired West Ashley Shoppes, a 136,327-square-foot shopping center located at 946 Orleans Road in Charleston’s West Ashley neighborhood. Baltimore-based Continental Realty Corp. (CRC) purchased the shopping center from ZRP for approximately $22.6 million via its Continental Realty Fund IV LP investment vehicle. Tom Kolarczyk of JLL represented the seller in the transaction. Situated across from Citadel Mall, West Ashley Shoppes was 90 percent leased at the time of sale to tenants including Ross Dress for Less, Dollar Tree and Cost Plus World Market. There is roughly 13,000 square feet of shop space available for lease, according to ZRP. CRC owned West Ashley Shoppes for 10 years prior to the sale.

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102-Fleet-Brooklyn

NEW YORK CITY — Affinius Capital has provided a $400 million loan for the refinancing of 102 Fleet, a 30-story multifamily project in downtown Brooklyn. Upon completion, the 495-unit building will house 108 studios, 97 one-bedroom units, 262 two-bedroom residences and 28 three-bedroom apartments. Amenities include a rooftop pool, fitness center with a spa, coworking space and conference rooms, multiple resident lounges, an indoor game room, pet spa, indoor climbing wall and pickleball courts. Henry Bodek of Galaxy Capital arranged the loan on behalf of the owner, The Jay Group, which will use the proceeds to complete construction and lease the property to stabilization.

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JERSEY CITY, N.J. — Marcus & Millichap has brokered the $6.2 million sale of a 19-unit apartment building in Jersey City. The four-story building at 358–362 Grove St. also includes three retail spaces. Devin Perez, Alan Cafiero and Dean Matuszewic of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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