EUGENE, ORE. — Landmark Properties and CrossHarbor Capital have broken ground on The Mark Eugene, a 272-unit student housing property located on a 2.6-acre site in Eugene. The project team for the five-story housing community includes ESG Architecture & Design, Landmark Construction and KPFF Consulting Engineers. Located at 1290 Alder St., less than one mile from the University of Oregon, The Mark Eugene will feature 1,002 beds across 272 units in a mix of studios, one-, two-, three-, four- and five-bedroom layouts. Apartments will be fully furnished, wired for high-speed internet and cable and feature in-unit laundry. Units will also include stainless steel appliances and finishes, hardwood-style laminate floors, quartz countertops, wood trim, large cabinets and bed-bath parity. The Mark Eugene will feature 37,000 square feet of amenity space, including a resort-style pool and spa with cabanas, clubhouse, outdoor grilling, fire pit and seating areas, dog park and multiple outdoor courtyards. Interior amenities will include a fitness center, sports simulator, wellness suite with sauna and cold plunge, study lounge with café, gaming lounge and bike storage. Additionally, the property will feature 5,785 square feet of ground-floor retail space within a parking deck located at 13th and Hilyard, which was included as …
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MESA, ARIZ. — Diversified Partners is advancing the development of Destination at Gateway, a 163-acre retail center located at Signal Butte Road in Mesa. The project will include two components: 24 Auto Row, an 80-acre, purpose-built auto mall, and an adjacent power center. Off-site improvements on the east side of Signal Butte Road have been completed, while site work on the west side is underway and is scheduled to be completed by the third quarter of 2026. Current and planned tenants for the project’s power center include Walmart, 7 Brew, Take 5 Oil Change, Taco Bell, Zara Nail Bar and PAC Dental. Additional leasing opportunities remain available for drive-thru pads, shop space and a future junior anchor retailer.
SALINAS AND CAPITOLA, CALIF. — Gantry has arranged $15.4 million in permanent loans to refinance two separately owned neighborhood retail properties located at different ends of the Monterey Bay region. Tom Dao and Jake Davis of Gantry represented the borrowers, both private real estate investors. The first property, Creek Bridge Village in Salinas, features 35,000 square feet of retail space and 17 apartments spread across five buildings. The 10-year, fixed-rate nonrecourse loan was secured from one of Gantry’s correspondent life company lenders and features a 30-year amortization. Gantry will service the loan for the lender. The second property, Brown Ranch Marketplace in Capitola, features 85,000 square feet of retail space that is anchored by Trader Joe’s. The property received a 10-year, fixed-rate loan from a regional bank. The loan features a 25-year amortization with prepayment flexibility.
SURPRISE, ARIZ. — Phoenix Commercial Advisors has directed the $10.7 million sale of Grand Village Center, a necessity-based retail center in Surprise. The asset traded for $203 per square foot. John Schweikert and Chad Tiedeman of Phoenix Commercial Advisors represented the undisclosed seller in the deal. The name of the buyer was not released. Built in 2005, the 52,685-square-foot Grand Village Center was 97 percent leased at the time of sale to an internet-resistant mix of tenants with Elevate Trampoline Park as the anchor.
DALLAS — Foundry Commercial, an Orlando-based development and brokerage firm, will undertake an office-to-industrial conversion project in Dallas. The address of the office building was not announced, but the new industrial facility will total approximately 126,000 square feet and will be known as Villa Creek. The building will feature 32-foot clear heights, 28 dock-high doors and two drive-in doors. Construction is scheduled to begin this summer and to last about a year. Villa Creek will be Foundry’s 12th office-to-industrial conversion nationally and seventh in the Dallas-Fort Worth metroplex.
TULSA, OKLA. — Spacecraft company Quantum Space has begun redeveloping the Spartan Building, a historic aerospace property in Tulsa, for conversion into a spacecraft manufacturing facility. The facility will span between 25,000 and 40,000 square feet and will be equipped for assembly and fabrication, non-destructive testing and pressure testing of large propulsion tank manufacturing and precision spacecraft parts production. Quantum Space will occupy a move-in-ready temporary facility beginning in 2026 until renovations are complete, which is tentatively slated for the first quarter of 2027.
TYLER, TEXAS — LifeCare has sold The Blake at Tyler, a 115-unit seniors housing property located about 100 miles east of Dallas. The Blake at Tyler opened in 2024 and houses 72 independent living unit and 43 memory care residences. Amenities include a salon, chapel, theater, physical therapy clinic, multiple dining venues and courtyards. The name of the buyer, a publicly traded REIT, as well as the sales price, were not disclosed. Blake Management Group will continue to operate the property.
KATY, TEXAS — JLL has brokered the sale of Firethorne Plaza, a 29,986-square-foot retail strip center in the western Houston suburb of Katy. Located at the entrance to the Firethorne master-planned community, the center was fully leased at the time of sale to tenants such as Edward Jones, Pizza Hut, Tide Cleaners and Eye Level Learning. Ryan West and John Indelli of JLL represented the undisclosed seller in the transaction. The buyer was Cincinnati-based shopping center REIT Phillips Edison & Co.
PHILADELPHIA — Philadelphia-based Comcast Spectator and The Cordish Cos., a Baltimore-based developer specializing in sports-anchored entertainment districts, have completed the redevelopment of the Stateside Live! sports complex in South Philadelphia. The redevelopment features the addition of a two-story building with a rooftop space known as AVA Rooftop Bar, a performance stage with 1,000 premium seats and a 5,000-person capacity, an expansion of PBR Philly via a dedicated outdoor stage and dance floor and an open-air beer garden. Ownership also introduced new dining options, including local restaurants such as Chickie’s & Pete’s, Lorenzo’s Pizza and Geno’s Steaks. The project was first announced in late 2024.
LONG ISLAND, N.Y. — Marcus & Millichap has brokered the $54.2 million sale of a portfolio of five industrial properties totaling 275,938 square feet on Long Island. Located in Farmingdale, Hicksville and Oceanside, the properties range in size from 28,000 to 100,000 square feet. All were constructed between 1975 and 1985 and include office space. Michael Tuccillo and Anthony Cerrone of Marcus & Millichap represented the seller, Howard Katz Realty & Construction, in the transaction and procured the buyer, Spiegel Associates.
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