Tuesday, March 24, 2026
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DevelopmentMarylandSeniors HousingSoutheast

Erickson Senior Living Breaks Ground on 1,000-Unit Independent Living Community in Metro Baltimore

by John Nelson

CLARKSVILLE, MD. — Erickson Senior Living has broken ground on Oxford Hills, a new independent living community in Clarksville, roughly 30 miles southwest of downtown Baltimore. The 62-acre development is approved for more than 1,000 units upon full build-out. Amenities at the property will include multiple dining venues, under-building parking, an indoor pool, fitness center, outdoor gathering areas, classrooms and social spaces. Erickson Senior Living plans to open Oxford Hills in late 2028. Future additional phases will include assisted living and continuing care neighborhoods.

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CivicDevelopmentGeorgiaIndustrialSoutheast

Georgia Ports Authority to Open $134M Gainesville Inland Port in May

by John Nelson

GAINESVILLE, GA. — The Georgia Ports Authority plans to open the Gainesville Inland Port, a $134 million inland port in the northeast Georgia city of Gainesville, on May 4, 2026. The 104-acre project will give manufacturers and suppliers in the region an alternative to a 600-mile roundtrip truck route by providing direct Norfolk Southern rail service between the inland port and the Port of Savannah. The Georgia Ports Authority estimates that the new inland port will replace approximately 26,000 roundtrip truck routes in the inland port’s first year of operation. The Gainesville Inland Port, formerly known as the Blue Ridge Connector, will have an annual capacity of 200,000 containers. The Georgia Ports Authority is currently executing a nearly $5 billion infrastructure investment plan over the next decade to expand berths, yards, gates, inland ports and rail capacity for the state’s port network, headlined by the Port of Savannah.

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AcquisitionsGeorgiaIndustrialSoutheast

Peachtree Group Acquires 600,000 SF Distribution Center Near Savannah Leased to Hasbro, Launches DST

by John Nelson

MIDWAY, GA. — Peachtree Group has acquired a newly built, 600,000-square-foot distribution center in Midway, about 32 miles southwest of Savannah. The property is fully leased to Hasbro Inc., a toy and game manufacturing company behind brands including NERF, Transformers, G.I. Joe, My Little Pony, Monopoly, Play-Doh, Dungeons & Dragons, Furby, Power Rangers and Magic: The Gathering. Located in Liberty County, the property represents approximately 25 percent of Hasbro’s U.S. distribution footprint and services brick-and-mortar stores and direct-to-consumer operations. The seller and sales price were not disclosed. As part of the transaction, Peachtree Group has launched a Delaware Statutory Trust (DST) called PG Savannah Industrial DST, allowing 1031 users and other investors to acquire fractional interests in the property via a trust structure. The lease has an initial 10-year term with two five-year extension options with 3.25 percent annual rent escalations. Hasbro is responsible for operating expenses at the facility, according to Peachtree Group.

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AcquisitionsMarylandMultifamilySoutheast

Comstock Purchases 417-Unit Apartment Community in Rockville, Maryland

by John Nelson

ROCKVILLE, MD. — Comstock Holding Cos. Inc. has purchased The Reed, a 417-unit apartment community located at 15955 Frederick Road in Rockville, about 21 miles north of Washington, D.C. Comstock acquired the property in a joint venture with an institutional fund advised by Benefit Street Partners, with additional capital coming from Comstock affiliate Comstock Partners LC. The seller and sales price were not disclosed, but the Washington Business Journal reports that a person familiar with the transaction stated the property traded for $110 million. NewPoint Real Estate Capital provided Freddie Mac financing and arranged equity capital for the transaction. CHCI Residential Management and ParkX Management, both affiliates of Comstock, will operate The Reed. Built in 2015, the community is adjacent to the Shady Grove Metro Station and features one-, two- and three-bedroom apartments, as well as a resort-style swimming pool, fitness center with a yoga/boxing studio, clubroom, outdoor gathering spaces, multiple resident lounges and a private parking garage.

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4812-Gonzales-St.-Austin
DevelopmentMultifamilyTexas

NRP Group Breaks Ground on 675-Unit Multifamily Redevelopment Project in East Austin

by Taylor Williams

AUSTIN, TEXAS — The NRP Group, a Cleveland-based multifamily owner-operator, has broken ground on Phase I of a 675-unit multifamily redevelopment project in East Austin. Developed in partnership with the Austin Independent School District, the project will convert the former Anita Ferrales Coy School, located on an 18-acre site at 4812 Gonzales St., into a mixed-income community. The Austin Business Journal reports the redevelopment project has a total cost of approximately $142 million. The first phase will add 341 units to the local supply, while the second phase, which is expected to begin later this year, will comprise 334 units. About half of the apartments will be reserved for households earning between 60 and 80 percent of the area median income. The Urban Investment Group at Goldman Sachs Alternatives provided construction debt for the project, and Clarion Partners provided an equity investment. The school closed in 2018, after which time the property was used as an alternative learning center.

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AcquisitionsIndustrialTexas

Evergen Equity Acquires 254,457 SF Industrial Portfolio in Houston Area

by Taylor Williams

AUSTIN, TEXAS — Austin-based Evergen Equity has acquired a portfolio of three industrial buildings totaling 254,457 square feet in the Houston area. The portfolio includes an 85,797-square-foot building at 7601 N. Sam Houston Parkway W on the city’s northwest side; a 69,140-square-foot facility at 1001 Shaw Ave. in the eastern suburb of Pasadena; and a 99,250-square-foot structure at 10101 Fountaingate Drive in the southwestern suburb of Stafford. The buildings were fully leased at the time of sale. The seller and sales price were not disclosed.

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Leasing ActivityOfficeTexas

Forum Energy Technologies Signs 81,138 SF Office Lease Extension in Northwest Houston

by Taylor Williams

HOUSTON — Forum Energy Technologies has signed an 81,138-square-foot office lease extension in northwest Houston. The global manufacturing company that serves the energy sectorwill remain a tenant at Sam Houston Crossing II, a 159,056-square-foot building. Jeff Cairns of JLL and Bill Boyer of CBRE represented Forum Energy in the lease negotiations. Louann Pereira and Doug Little of Transwestern represented the landlord, California-based Buchanan Street Partners.

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CivicDevelopmentTexas

Skanska USA Breaks Ground on 66,309 SF Academic Project in Wylie, Texas

by Taylor Williams

WYLIE, TEXAS — Skanska USA Building has broken ground on the 66,309-square-foot Career and Technical Education facility at Collin College’s Wylie campus on the northeastern outskirts of Dallas. The facility will support education and training for fields such as welding, HVAC repair/maintenance and veterinary technology, among other disciplines. Completion is slated for summer 2027.

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23512-Madero-Rd-Mission-Viejo-CA
AcquisitionsCaliforniaHealthcareWestern

Archer Property Partners Buys Medical Office Portfolio in Orange County for $17.8M

by Amy Works

RANCHO SANTA MARGARITA, MISSION VIEJO AND COSTA MESA, CALIF. — Archer Property Partners has acquired an outpatient medical office portfolio in Orange County for $17.8 million. Andy Knott and Austin Kanzler of CBRE represented the seller in the transaction. Totaling 39,689 square feet, the portfolio includes a 12,450-square-foot property at 23512 Madero Road in Mission Viejo, a 10,064-square-foot building at 722 Baker St. in Costa Mesa and a 17,175-square-foot asset at 29472 Avenida de las Banderas in Rancho Santa Margarita. MemorialCare fully occupies the buildings in Mission Viejo and Costa Mesa and occupies 12,169 square feet of the facility in Rancho Santa Margarita.

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The-Yukon-Hawthorne-CA
AcquisitionsCaliforniaIndustrialLoansOfficeWestern

Avatar Financial Group Provides $16.1M Acquisition Loan for Flex Campus in Hawthorne, California

by Amy Works

HAWTHORNE, CALIF. — Avatar Financial Group has provided a $16.1 million bridge loan for the acquisition of The Yukon, an industrial campus in Hawthorne. The two-year loan carries a 62 percent loan-to-value ratio and financed the undisclosed sponsor’s purchase of the property through a bankruptcy sale. Additionally, the loan provided capital to improve one of the buildings that is vacant and execute a lease-up strategy. Situated on 2.3 acres at 13100-13130 Yukon Ave., the 52,074-square-foot campus features three single-story flex office/light industrial buildings built between 1960 and 1966. The buildings offer 16- to 19-foot ceilings, a secured gated yard, approximately 100 surface parking spaces, six roll-up garage-style doors and 1,600 to 3,000 amps of power. Two of the three buildings, totaling 25,707 square feet, are fully occupied under long-term net leases. The remaining 26,367-square-foot building is currently vacant and will be built out and marketed for lease.

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