Tuesday, June 16, 2026
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Moran-Hotel-CITYCENTRE-Houston
AcquisitionsHospitalityTexas

MetroNational Buys 244-Room Moran Hotel at CITYCENTRE in West Houston

by Taylor Williams

HOUSTON — Local owner-operator MetroNational has purchased the 244-room Moran Hotel within the 47-acre CITYCENTRE mixed-use development in West Houston. The hotel, which recently underwent a renovation, offers accommodations for extended stays, as well as a pool, fitness center, 15,750 square feet of meeting and event space and multiple onsite food-and-beverage establishments. Colby Mueck, Ryan West, Greyson Fewin and Robby Westerfield of JLL represented the seller, Midway, in the transaction. The sales price was not disclosed.

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AcquisitionsRetailTexas

JLL Negotiates Sale of Retail Strip Center Portfolio in Dallas-Fort Worth, Waco

by Taylor Williams

DALLAS — JLL has negotiated the sale of a portfolio of five retail strip centers, four of which are scattered across the Dallas-Fort Worth metroplex. The fifth property is located in Waco. The centers’ addresses and square footages were not disclosed. Adam Howells and Erin Lazarus of JLL represented the seller, N3 Real Estate, in the transaction. The buyer was Curbline Properties Corp.

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IndustrialLeasing ActivityTexas

Outdoor Wireless Networks Signs 42,362 SF Industrial Lease in Richardson, Texas

by Taylor Williams

RICHARDSON, TEXAS — Outdoor Wireless Networks LLC has signed a 42,362-square-foot industrial lease in the northeastern Dallas suburb of Richardson. The space sits within Parc North East, a four-building, 434,640-square-foot development. Mike Kay of Colliers represented the tenant in the lease negotiations. Josh Barnes, Blake Troiani and Weston Porter of Holt Lunsford Commercial represented the landlord, GID Investment Advisors.

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Leasing ActivityOfficeTexas

Continental Battery Systems to Open 25,000 SF Headquarters in Irving

by Taylor Williams

IRVING, TEXAS — Continental Battery Systems will open a new, 25,793-square-foot headquarters in Irving. The provider of batteries for the automotive, marine and industrial sectors signed a 10-year lease at 750 N. John Carpenter Freeway with plans to bring or create about 95 new jobs within the local economy. The company plans to take occupancy of its new space in the coming weeks.

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The-Elbie-Long-Branch-New-Jersey
DevelopmentMultifamilyNew JerseyNortheast

Partnership Breaks Ground on 78-Unit Multifamily Project in Long Branch, New Jersey

by Taylor Williams

LONG BRANCH, N.J. — A partnership between two local companies, Downeaster Development and TANTUM Real Estate, has broken ground on The Elbie, a 78-unit multifamily project in the Northern New Jersey community of Long Branch. Designed by Rotwein + Blake Associates, the four-story building will house one- and two-bedroom units, as well as 4,000 square feet of ground-floor retail space. Amenities will include a fitness center, clubroom, game room, recording and podcast studio and outdoor grilling and dining stations. The first units are expected to be available for occupancy in late spring 2027.

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IndustrialLoansNew YorkNortheast

JLL Arranges $19.5M Loan for Refinancing of Industrial Building in Westchester County

by Taylor Williams

CROTON-ON-HUDSON, N.Y. — JLL has arranged a $19.5 million loan for the refinancing of a 118,991-square-foot industrial building in Croton-on-Hudson, located north of New York City in Westchester County. The single-tenant building at 1 Half Moon Bay Drive, which was fully leased at the time of the loan closing, was purpose-built for tire distribution in 1995 and features a clear height of 29 feet, 10 dock doors and two drive-in doors. Jillian Mariutti led the JLL team that placed the loan with Webster Bank on behalf of the owner, a partnership between Monday Properties and KPR Centers.

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AcquisitionsNew YorkNortheastOffice

Marcus & Millichap Brokers $7.1M Sale of Two Long Island Office Buildings

by Taylor Williams

ROSLYN, N.Y. — Marcus & Millichap has brokered the $7.1 million sale of two office buildings totaling 28,714 square feet in the Long Island community of Roslyn. The buildings sit on a 1.5-acre site at 200-220 S. Service Road. Michael Tuccillo and Anthony Cerrone of Marcus & Millichap represented the undisclosed seller in the transaction and procured the buyer for the building at 200 S. Service Road. Global Realty Services USA procured the buyer for 220 S. Service Road. All parties requested anonymity.

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Leasing ActivityNew YorkNortheastRetail

Hydrogen Fitness Signs 17,000 SF Retail Lease in Midtown Manhattan

by Taylor Williams

NEW YORK CITY — Hydrogen Fitness has signed a 15-year, 17,000-square-foot retail lease in the Murray Hill submarket of Midtown Manhattan. The space spans the ground floor, lower level and mezzanine levels of the building at 145 E. 32nd St. Thomas Capuano of Okada & Co. represented the landlord, Meyer Equities, in the lease negotiations. Cory Gahr and Josh Lebowitz of Lee & Associates represented Hydrogen Fitness. The opening is slated for next January.

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DevelopmentIndustrialNorth CarolinaSoutheast

Partnership Breaks Ground on 809,141 SF Industrial Park in Durham

by John Nelson

DURHAM, N.C. — A partnership between Hines and an Ares Real Estate fund has begun construction on Parkside Commerce Center, a four-building industrial park spanning 809,141 square feet in Durham. The project will be situated along Silicon Drive and sit adjacent to Research Triangle Park. The co-developers have tapped Foundry Commercial to lead leasing and marketing at Parkside Commerce Center, which will be developed in two phases. Phase I, which is slated to deliver in fourth-quarter 2027, will include Building 1 (a 237,824-square-foot rear-load facility) and Building 2 (a 283,724-square-foot rear-load building). Both buildings will feature 36-foot clear heights and 63 trailer stalls. Phase II will include Building 3 (a 172,289-square-foot facility) and Building 4 (a 115,304-square-foot property), both of which will have 32-foot clear heights.

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La-Bahia-Resort-Santa-Cruz-CA
CaliforniaHospitalityLoansWestern

Sonnenblick-Eichner Arranges $115M Refinancing for La Bahia Hotel & Spa in Santa Cruz

by Amy Works

SANTA CRUZ, CALIF. — Sonnenblick-Eichner Co., on behalf of Ensemble Investments, has arranged $115 million in first mortgage debt to refinance La Bahia Hotel & Spa, a newly opened waterfront hotel in Santa Cruz. Madison Realty Capital, working with Newbond Holdings, provided the five-year, floating-rate, nonrecourse loan. Opened in September 2025, La Bahia Hotel & Spa features 155 guestrooms, an indoor-outdoor spa, fitness center, outdoor pool and hot tub, three distinct dining concepts, the Pearl Champagne lobby bar and 13,720 square feet of meeting and event space.

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