Property Type

Elevate Development Receives $116M in Financing for Student Housing Project Near Texas State University

by Taylor Williams May 13, 2026

SAN MARCOS, TEXAS — Elevate Development Partners has received $116 million in acquisition and construction financing for the development of a 759-bed student housing community near Texas State University in San Marcos. The 260-unit project is being developed in partnership with Flintco. S3 Capital provided financing for the development, which will span 280,124 square feet. Shared amenities are set to include a social lounge, bicycle room, package room, resort-style pool, yoga and wellness room, fitness center, study lounges and conference rooms. Preiss has been tapped to manage the community upon completion. Sean Reimer, Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz and Dustin Stolly of Walker & Dunlop arranged the financing on behalf of the developer.

May 13, 2026

Acquisitions Industrial Texas

CanTex Capital Sells Majority Interest in 1.3 MSF Dallas-Fort Worth Industrial Portfolio

by Taylor Williams May 13, 2026

DALLAS — Locally based investment firm CanTex Capital has sold its majority interest in a portfolio of 20 shallow-bay industrial properties totaling approximately 1.3 million square feet in Dallas-Fort Worth. Ther percentage and sales price were not disclosed. Spanning 61 acres, the portfolio comprises buildings in submarkets such as South Stemmons, Northwest Dallas and DFW Airport. Buildings feature 16- to 30-foot clear heights and a mix of dock-high and drive-in loading doors. The buyer was a partnership between Partners Group and a global investor based in New York.

May 13, 2026

Acquisitions Industrial Texas

Colliers Brokers Sale of 69,363 SF Industrial Building in Irving

by Taylor Williams May 13, 2026

IRVING, TEXAS — Colliers has brokered the sale of a 69,363-square-foot industrial building in Irving. The site at 7815 Jetstar Drive houses Building 1 within TriStar Business Park, a master-planned development. Greg Cannon of Colliers represented the seller, Hopewell Development, in the transaction. Chris Teesdale and Pride Snow, also with Colliers, represented the owner, GEO Plastics, which expects to occupy the building and add about 50 new jobs to the local economy.

May 13, 2026

Acquisitions Affordable Housing Development Multifamily New York Northeast

Partnership Agrees to Buy Church Land in Manhattan’s Upper West Side, Develop Mixed-Income Project

by Taylor Williams May 13, 2026

NEW YORK CITY — A partnership between Rockefeller Group and Atlas Capital Group has entered into an agreement with the Roman Catholic Church of Holy Name of Jesus and Saint Gregory the Great to buy church-owned land on Manhattan’s Upper West Side, with plans to develop a mixed-income housing project. The agreement, valued at $96 million, involves land at 200 W. 97th St., and the project will involve underutilized portions of the church campus — such as the former school, convent and recreation buildings — while the active church continues its ministry. The number of units was not disclosed, but 25 percent of residences will be subject to income restrictions, and the new building will also have retail space. The deal is expected to close in the coming weeks.

May 13, 2026

Acquisitions Affordable Housing Multifamily New York Northeast

Ariel Property Advisors Arranges $79.8M Sale of Brooklyn Affordable Housing Portfolio

by Taylor Williams May 13, 2026

NEW YORK CITY — Ariel Property Advisors has arranged the $79.8 million sale of a portfolio of eight affordable housing buildings totaling 347 units in Brooklyn’s Prospect Park neighborhood. Known as the Prospect Park South Portfolio, the properties collectively offer 33 studios, 154 one-bedroom units, 121 two-bedroom apartments, 56 three-bedroom residences, 14 four-bedroom units and nine five-bedroom units. Victor Sozio, Shimon Shkury, Sean Kelly, Remi Mandell, Lawrence Sarn, Nicole Daniggelis and Erik Moloney of Ariel represented the undisclosed seller in the transaction. The buyer was also not disclosed.

May 13, 2026

Acquisitions Industrial New York Northeast

NAI DiLeo-Bram Brokers $18.2M Sale of Industrial Building in Edison, New Jersey

by Taylor Williams May 13, 2026

EDISON, N.J. — NAI DiLeo-Bram has brokered the $18.2 million sale of a 50,400-square-foot industrial building in the Central New Jersey community of Edison. The building at 80 Executive Ave. was completed in 2020 and features a clear height of 32 feet, five dock doors, (expandable to eight), one drive-in door and 3,000 square feet of office space, as well as parking for 25 cars and six trailers. Robert J. DiLeo, Kyle Gerace, Robert V. DiLeo and Chris Chiusolo of NAI DiLeo-Bram brokered the deal. The buyer and seller were both limited liability companies.

May 13, 2026

Leasing Activity Massachusetts Northeast Restaurant Retail

Simon Welcomes Four New Tenants to Wrentham Village Premium Outlets in Southern Massachusetts

by Taylor Williams May 13, 2026

WRENTHAM, MASS. — Simon Property Group has welcomed four new tenants to Wrentham Village Premium Outlets, located near the Massachusetts-Rhode Island border. Shaquille O’Neal’s Big Chicken and bubble tea concept Gong Cha are now open, and athletic apparel brand Fabletics and children’s retailer Gymboree will open this summer. The roster at Wrentham Village Premium Outlets now totals more than 170 tenants.

May 13, 2026

Acquisitions Loans Multifamily Nevada Western

Newmark Negotiates Sale, Financing of 404-Unit Village at Iron Blossom Multifamily Property in South Reno

by Amy Works May 13, 2026

SOUTH RENO, NEV. — Newmark has directed the sale and financing of Village at Iron Blossom, an apartment community in South Reno. Details of the sales price and financing were not released. Jonathan Merhaut led the Newmark team that represented the undisclosed seller. Located at 690 E. Patriot Blvd., Village at Iron Blossom features 404 apartments. Built in 1984, the property has remained under the same ownership for the past decade and has benefited from significant capital improvements, including an estimated $12 million reinvested by the owner to maintain the property’s standing as a market-leading Class B community, according to Newmark.

May 13, 2026

Arizona Industrial Loans Western

Gantry Secures $22M Refinancing for Single-Tenant Industrial Building in Phoenix

by Amy Works May 13, 2026

PHOENIX — Gantry has secured a $22 million permanent loan to refinance maturing debt on a single-tenant industrial building located at 6600 W. Latham St. in Phoenix. Situated on 23.3 acres, the 437,000-square-foot property is currently used as both a showroom and warehouse facility for Living Spaces. Tim Storey and Chad Metzger of Gantry’s Phoenix production office represented the borrower, a private real estate investor. The five-year, fixed-rate loan was provided by a life company lender from Gantry’s exclusive network of correspondents and affiliates, featuring a full-term interest-only payment schedule.

May 13, 2026

Acquisitions California Multifamily Western

Northmarq Brokers $10.9M Sale of Sunset Sands Apartments in Fresno, California

by Amy Works May 13, 2026

FRESNO, CALIF. — Northmarq has arranged the sale of Sunset Sands Apartments, a multifamily property in Fresno. XLNT Sunset Sands LP sold the asset to SRI Cedar LLC for $10.9 million. Located at 4585 E. McKinley Ave., Sunset Sands features 96 garden-style apartments that were built in 1974. Robin Kane and Brendan Kane of Northmarq represented the seller in the deal.

May 13, 2026

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