Friday, July 31, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Property Type

Emerson-at-Red-Oak
AcquisitionsMultifamilyTexas

IPA Negotiates Sale of 306-Unit Apartment Community in Red Oak, Texas

by Taylor Williams

RED OAK, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of Emerson at Red Oak, a 306-unit apartment community in Red Oak, a southern suburb of Dallas. Built in 2023, the property offers one-, two- and three-bedroom units with an average size of 904 square feet, as well as amenities including a pool, fitness center, picnic and grilling areas, dog park, game room and a business center. Joey Tumminello, Michael Ware, Drew Kile and Taylor Hill of IPA represented the seller, CESM Real Estate, in the transaction and procured the buyer, Professional Equity Management.

Continue Reading
FacebookTwitterLinkedinEmail
Kirby-288-Houston
DevelopmentIndustrialTexas

Hanover, TIG Complete 213,425 SF Spec Industrial Project in South Houston

by Taylor Williams

HOUSTON — A partnership between local developer Hanover Co. and Transwestern Investment Group (TIG) has completed Kirby 288, a 213,425-square-foot speculative industrial project in South Houston. The development features a cross-dock configuration, 36-foot clear heights and excess trailer storage. Powers Brown designed the project, and Kimley-Horn acted as the civil engineer. Colliers is the leasing agent. Construction began in August 2025.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsRetailTexas

JLL Brokers Sale of 113,823 SF Shopping Center in North Dallas

by Taylor Williams

DALLAS — JLL has brokered the sale of Pavilion on Lovers Lane, a 113,823-square-foot shopping center in North Dallas. Built in 1986, expanded in 2006 and renovated in 2023, the two-building center was 99 percent leased at the time of sale to tenants such as Eatzi’s, Odelay, Stay Fit Studios and La La Land Café. Barry Brown and Erin Myer of JLL represented the seller, Dallas-based Corrigan Investments, in the transaction. Wally Reid, Kristi Leonard and Luke Rogers, also with JLL, arranged acquisition financing for the deal. The buyer and direct lender were not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityRetailTexas

Mega Furniture Signs 52,677 SF Retail Lease on Corpus Christi, Texas

by Taylor Williams

CORPUS CHRISTI, TEXAS — Mega Furniture has signed a 52,677-square-foot retail lease in Corpus Christi. The building at 4818 S. Padre Island Drive was originally constructed in 1973 and was formerly occupied by Conn’s HomePlus. Lynann Pinkham of local brokerage firm Cravey Real Estate Services represented the undisclosed landlord in the lease negotiations. Asterra Properties represented the tenant.

Continue Reading
FacebookTwitterLinkedinEmail
The-Vail-West-Caldwell-New-Jersey
LoansMultifamilyNew JerseyNortheast

CBRE Arranges $30.7M Loan for Refinancing of Apartment Building in West Caldwell, New Jersey

by Taylor Williams

WEST CALDWELL, N.J. — CBRE has arranged a $30.7 million loan for the refinancing of The Vail, a 92-unit apartment building in West Caldwell, about 25 miles outside of New York City. The Vail offers a mix of studio, one- and two-bedroom units, 20 percent of which are reserved as affordable housing, that feature individual washers and dryers in all units and private balconies in select residences. Amenities include a fitness center, community room and coworking spaces. Matthew Pizzolato, Josh Stein, Jason Gaccione, Shawn Rosenthal, Jake Salkovitz, Lauren Weinstein and Justin Helbling of CBRE arranged the loan through Principal Financial on behalf of the borrower, New Jersey-based developer Accordia.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIllinoisMidwestMultifamilyOffice

Skender Begins Conversion of Chicago Office Tower into 320 Apartment Units

by Kristin Harlow

CHICAGO — Skender has begun construction on the 500 N. Michigan Ave. adaptive reuse project, which will convert the 400,000-square-foot office tower into 320 apartment units on Chicago’s Magnificent Mile. The project team includes Connecticut-based Commonwealth Development Partners and GREC Architects. Completion is slated for late 2027. Originally designed by Skidmore, Owings & Merrill and completed in 1968, the building rises 24 stories and 304 feet tall. The conversion will transform vacant floors three through 23 into residential dwelling units, while a new 25th floor with amenity space will be constructed atop the building, adding 17 feet to its height. Level 24 will house mechanical systems, and floors two through five will include additional amenity programming. Ground-floor retail will be retained.   Skender’s scope of work includes full interior demolition of the existing vacant office spaces, elevator modernization throughout all floors and the complete build-out of residential units and amenity spaces.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIllinoisIndustrialMidwestMinnesota

Cabot Properties Sells 2.5 MSF Industrial Portfolio in Chicago, Minneapolis Markets

by Kristin Harlow

CHICAGO AND MINNEAPOLIS — Cabot Properties has sold the North Central Portfolio, a collection of 11 industrial buildings totaling roughly 2.5 million square feet across the greater Chicago and Minneapolis markets. A global asset manager purchased the portfolio, which includes assets both developed and acquired by Cabot. Six of the properties are located in the North/Central Kane County and West Suburbs submarkets of Chicago and include four cross-dock facilities and two rear-load properties totaling approximately 1.6 million square feet. The assets have an average vintage of 2019 and feature 32-foot clear heights, ESFR sprinkler systems, 130-to-185-foot truck court depths and efficient loading configurations. The buildings are 97 percent occupied by various logistics and distribution users. The additional five buildings comprise roughly 1 million square feet across the Northwest and Southwest submarkets of Minneapolis. The rear-load facilities have an average vintage of 2014 and feature 32-foot clear heights, ESFR sprinkler systems and 130-to-155-foot truck court depths. The fully leased properties are home to distribution and light manufacturing users.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMidwestOhioRetail

Hendon Properties Acquires 734,199 SF Shopping Center in Parma, Ohio

by Kristin Harlow

PARMA, OHIO — Hendon Properties, in a joint venture with Axiom Realty and Peaceable Street Capital, has acquired The Shoppes at Parma in the Cleveland suburb of Parma. Anchor tenants at the 734,199-square-foot shopping center include Walmart Supercenter, Burlington, Dick’s Sporting Goods and grocer Marc’s. The deal includes six outparcels with a variety of tenants such as Crumbl Cookies, T-Mobile, Five Guys Burgers & Fries and Panera Bread. Opened in 1956, the property was formerly known as Parmatown Mall. The asset marks the fifth acquired by The Hendon Properties Opportunity Fund, which now totals more than 1.3 million square feet in its portfolio.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsHealthcareIndianaMidwest

McColly Bennett Negotiates $15M Sale of Medical Office Building in Valparaiso, Indiana

by Kristin Harlow

VALPARAISO, IND. — McColly Bennett Commercial Advantage has negotiated the $15 million sale of a 43,500-square-foot medical office building in Valparaiso. The seller, Viking Medical Center, acquired and envisioned the future of the unfinished building two years ago. Construction on the building launched in 2018 when it was envisioned as a dialysis center. However, due to financial issues, the original tenant never took occupancy and the building sat incomplete and vacant until Viking Medical Center acquired the property and hired Hasse Construction to complete the build-out of the Class A medical facility. The two-story building features three elevators, a covered patient drop-off canopy, dedicated covered physician and staff parking and visitor parking for 182 vehicles. Adriana Gomez and Jeff Bennett of McColly Bennett marketed the property.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMixed-UseNew JerseyNortheast

Matthews Negotiates $4.4M Sale of Mixed-Use Portfolio in Clifton, New Jersey

by Taylor Williams

CLIFTON, N.J. — Nashville-based brokerage firm Matthews has negotiated the $4.4 million sale of a portfolio of three contiguous mixed-use buildings totaling 14,500 square feet in the Northern New Jersey community of Clifton. The buildings at 233, 235 and 237 Dayton Ave. house one- and two-bedroom apartments in addition to commercial space. David Ferber of Matthews represented the undisclosed seller in the transaction. The name and representative of the buyer were not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts