Property Type

Northmarq Arranges $102M in Financing for 1.3 MSF Industrial Project in Baytown, Texas

by Taylor Williams August 26, 2026

BAYTOWN, TEXAS — Northmarq has arranged $102 million in financing for a 1.3 million-square-foot industrial project that will be located in the eastern Houston suburb of Baytown. The 92-acre project represents Phase II of Port 99 and will consist of three buildings with cross-dock and front-load configurations. The financing includes both debt and equity. A specific breakdown of each component was not disclosed, but the package includes a senior construction loan of an undisclosed amount from Bank OZK, a $30.4 mezzanine loan from PGIM and a joint venture equity investment from Junction Commercial Real Estate. Warren Hitchcock led the Northmarq team that arranged the financing on behalf of the developer, Provident Realty Advisors.

August 26, 2026

Affordable Housing California Loans Multifamily Seniors Housing Western

Merchants Capital Provides $193M in Financing for Two Affordable Housing Projects in Rocklin, California

by Amy Works August 26, 2026

ROCKLIN, CALIF. — Merchants Capital has provided roughly $193 million in financing for The Frances and The Steven, a pair of affordable housing developments in Rocklin, about 20 miles north of Sacramento. Developed by USA Properties Fund, the communities will provide 504 new affordable apartments for seniors and families across a range of income levels. Financing for The Frances includes a $72.1 million private placement bond loan through AllianceBernstein and $76.1 million in construction period debt to bridge incoming tax credit equity and permanent bond financing provided by Merchants Bank. Financing for The Steven includes a $30.6 million private placement tax-exempt bond loan through AllianceBernstein and $15 million in construction period debt provided by Merchants Bank. The Frances will feature 324 one-, two- and three-bedroom apartments designated to residents earning 30 to 70 percent of the area median income (AMI) with fully equipped kitchens, central air conditioning and walk-in closets. Community amenities will include a pool, playground, fitness center, courtyard/picnic area, community room, dog park, computer room, service coordinator and an onsite manager. The Steven will add 180 one- and two-bedroom apartments for seniors aged 55 and up that earn between 30 and 70 percent of AMI. Nonprofit organization LifeSTEPS will …

August 26, 2026

Arizona Development Multifamily Student Housing Western

LV Collective Completes 829-Bed Student Housing Community Near Arizona State University

by Amy Works August 26, 2026

TEMPE, ARIZ. — LV Collective, in partnership with Kayne Anderson Real Estate, has completed Rambler Tempe, a purpose-built student housing property located at 1020 E. Apache Blvd. in Tempe, home of Arizona State University. Project partners included Shepley Bulfinch as architect, Layton as general contractor and Variant Collaborative as interior designer. Pacific Life provided debt financing for the project. The 14-story, 552,380-square-foot Rambler Tempe features 289 units totaling 829 beds in a mix of studio, one-, two-, three- and four-bedroom floor plans. Move-ins started in late July.

August 26, 2026

Civic Development Georgia Mixed-Use Retail Southeast

City of Alpharetta Approves North Point Mall Rezoning for Planned Hockey-Anchored Mixed-Use Village

by John Nelson August 26, 2026

ALPHARETTA, GA. — The Alpharetta City Council has approved the rezoning of North Point Mall, a shuttered 1.3 million-square-foot shopping mall that originally opened in 1993. The redevelopment is now zoned for the build-out of a mixed-use entertainment district that the development team hopes will attract a National Hockey League (NHL) team. The team behind the nearly 100-acre mixed-use district includes landowner New York Life Insurance Co., real estate development and placemaking firm Jamestown and specialty sports and entertainment development firm Machete Group. The design-build team includes HKS Architects and Kimley-Horn (civil engineer), and Jamestown will manage the overall development. Plans for the site include a 20,000-seat NHL-ready arena; 4,000-seat music hall and performing arts center; 2,000-seat community hockey rink; 1,100-seat movie theater; two hotels comprising up to 650 hotel rooms and a 35,000-square-foot conference center; approximately 565,000 square feet of retail and dining space; 750,000 square feet of offices; 1,385 multifamily units; and more than 20 acres of publicly accessible parks, plazas and multi-use trails. The development team says the project should support more than 13,000 construction jobs and 6,000 permanent jobs, as well as generate $2 billion in direct consumer spending. The redevelopment will be delivered in phases, …

August 26, 2026

Development District of Columbia Leasing Activity Office Southeast

Sheppard Law Firm Signs 107,224 SF Office Lease in Downtown D.C.

by John Nelson August 26, 2026

WASHINGTON, D.C. — Sheppard, a law firm that employs more than 1,200 lawyers nationally, has signed a 107,224-square-foot lease at 2033 K Street, a trophy office redevelopment project in downtown Washington, D.C. Dimitri Hajimihalis, Emily Eppolito and Carroll Cavanagh of CBRE represented the landlord, In-Rel Properties, in the lease negotiations. Gary Stein, David Lipson, Jon Glass and Owen Jaccard of Savills represented Sheppard, which is an Am Law 50 firm, or a top 50 grossing law firm based off rankings by The American Lawyer. Sheppard is anchoring the office redevelopment, which is expected to deliver by July 2029, and will have building signage. In-Rel’s redevelopment will expand the existing building’s square footage horizontally and vertically, with three new floors and an occupiable penthouse level. The project team includes Hines (construction manager), Corgan (architect), Clear (interior build-out manager) and Studio Alliance (interior designer).

August 26, 2026

Acquisitions Arkansas Healthcare Leasing Activity Southeast

Landes Group Acquires Healthcare Center in Central Arkansas, Signs UAMS as Operator

by John Nelson August 26, 2026

BRYANT, ARK. — The Landes Group has acquired Encore Medical Center, a 108,055-square-foot healthcare property in Bryant, about 19 miles southwest of Little Rock. The Dallas-based owner also finalized a long-term lease agreement with the University of Arkansas for Medical Sciences (UAMS), which will operate the facility that formerly operated as the Arkansas Heart Hospital. The seller and sales price were not disclosed. CGA Capital provided an undisclosed amount of acquisition financing for Landes Group.

August 26, 2026

Development Kentucky Southeast Student Housing

Subtext Buys Site Near University of Kentucky, Plans 520-Bed Student Housing Project

by John Nelson August 26, 2026

LEXINGTON, KY. — Subtext has acquired a site located at 565 S. Limestone in Lexington for the development of EVER Lexington, a 520-bed student housing community serving students attending the University of Kentucky. The project is located within a qualified opportunity zone and is being developed in partnership with FrontRange Capital and Larson Capital Management. Construction is set to begin imminently, with completion scheduled for summer 2028. The community will offer 149 units in one- through four-bedroom configurations. Shared amenities will include a two-story lobby, study mezzanine, fitness center, wellness suite, pool deck, fitness studio, cold room, sauna and an outdoor bar and lounge. The development team for the project includes Southern Building Group, KTGY, ESG, EA Partners, Schultz Burman Engineering and UMB.

August 26, 2026

Acquisitions Industrial Self-Storage Texas

Marcus & Millichap Brokers Sale of 645-Unit Self-Storage Facility in San Antonio

by Taylor Williams August 26, 2026

SAN ANTONIO — Marcus & Millichap has brokered the sale of a 645-unit self-storage facility in San Antonio. CubeSmart manages the facility, which sits on a 10.6-acre site on the city’s southwest side and spans 115,240 net rentable square feet. Jon Danklefs of Marcus & Millichap represented the seller, a New Jersey-based limited liability company, in the transaction and procured the buyer, Public Storage, which will rebrand and assume operation of the property. The facility was 89 percent occupied at the time of sale.

August 26, 2026

Acquisitions Retail Texas

Disney Investment Group Negotiates Sale of 167,000 SF Shopping Center in Mesquite, Texas

by Taylor Williams August 26, 2026

MESQUITE, TEXAS — Local brokerage firm Disney Investment Group has negotiated the sale of Towne Crossing, a 167,000-square-foot shopping center in Mesquite, an eastern suburb of Dallas. The grocery-anchored (Kroger) center was fully leased at the time of sale to tenants such as Hibbett Sports, Five Below and H&R Block. Ohio-based retail REIT Phillips Edison & Co. sold the center to Chicago-based Newport Capital Partners for an undisclosed price. The new ownership plans to make capital improvements to the property.

August 26, 2026

Serrano-Industrial-Park-Jurupa-Valley-CA

Acquisitions California Industrial Western

MDH Partners Buys Serrano Industrial Park in California’s Inland Empire West

by Amy Works August 26, 2026

JURUPA VALLEY, CALIF. — Atlanta-based investment firm MDH Partners has purchased Serrano Industrial Park, a Class A manufacturing campus in the Inland Empire city of Jurupa Valley. The new acquisition brings MDH’s California footprint to more than 1.5 million square feet. Newmark represented the undisclosed seller in the transaction, while James Hwang of MDH sourced the deal for the firm. Terms of the transaction were not released. Built in 2019, the 151,885-square-foot Serrano Industrial Park features two buildings offering 30- to 32-foot clear heights, ESFR sprinklers and “ample” dock-high loading. The larger building is equipped with 12,000 amps of power. At the time of sale, the property was fully leased to a single tenant. Additionally, the 8.3-acre site sits within a mile of State Route 60 and about five miles from I-10.

August 26, 2026

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