Thursday, July 30, 2026
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Centreport-Lake-Fort-Worth
AcquisitionsMultifamilyTexas

Newmark Arranges Sale of 452-Unit Apartment Community in East Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Newmark has arranged the sale of Centreport Lake, a 452-unit apartment community in East Fort Worth. Built on 24 acres in 2008, the property offers one-, two- and three-bedroom apartments with an average unit size of 946 square feet. Amenities include two pools, a dog park, business center and outdoor grilling and dining stations. Richard Furr, Brian Murphy and Brian O’Boyle Jr. of Newmark represented the seller, Marlin Spring US Realty, in the transaction. Henry Stimler and Ricky Warner, also with Newmark, arranged undisclosed amounts of acquisition financing and equity investments on behalf of the buyer, which was also not disclosed.

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Lower-Kirby-Business-Park-Pearland
DevelopmentIndustrialTexas

Welcome Group Underway on 250,000 SF Industrial Project in Pearland, Texas

by Taylor Williams

PEARLAND, TEXAS — Houston-based developer Welcome Group is underway on construction of Lower Kirby Business Park, a 250,000-square-foot industrial project in Pearland, located on the city’s southern outskirts. Spanning 25 acres, the project will comprise four tilt-wall buildings that will range in size from approximately 25,000 to 100,000 square feet. Each building will feature clear heights of up to 34 feet, crane-ready capabilities and flexible office buildouts. KDW is the architect for the project. Preleasing of Phase I is also underway, and completion is targeted for the second quarter of next year.

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IndustrialLeasing ActivityLee & AssociatesTexas

Modern Home Concepts Signs 57,361 SF Industrial Lease in Carrollton, Texas

by Taylor Williams

CARROLLTON, TEXAS — Modern Home Concepts, a provider of residential flooring products, has signed a 57,361-square-foot industrial lease in the northern Dallas metro of Carrollton. The space is located within Valwood Business Park and includes dedicated truck parking and potential outdoor storage space. Corbin Blount and Adam Graham of Lee & Associates represented the landlord, Link Industrial Properties, in the lease negotiations. Christian Moore of Mercer Co. represented the tenant.

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DevelopmentLeasing ActivityRestaurantRetailTexas

Partnership Nears Completion of 35,000 SF Retail Redevelopment Project in Houston

by Taylor Williams

HOUSTON — A partnership between two local owner-operators, MetroNational and Radom Capital, is nearing completion of Greenside, a 35,000-square-foot retail redevelopment project in Houston’s Memorial City district. Designed by Michael Hsu Office of Architecture, Greenside is an adaptive reuse of three warehouse buildings, includes open green space and is expected to be fully complete later this year. The partnership has also signed leases with five new tenants: Merit Coffee, Tifa Chocolate & Gelato, Epic Cycles, Swish Dental and Original ChopShop.

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Orange-Plaza-Middletown-New-York
LoansNew YorkNortheastRetail

Cronheim Arranges $75M in Financing for Retail Power Center in Middletown, New York

by Taylor Williams

MIDDLETOWN, N.Y. — New Jersey-based financial intermediary Cronheim Mortgage has arranged $75 million in financing for Orange Plaza, an 811,272-square-foot retail power center in Middletown, about 75 miles northwest of New York City. Walmart, Home Depot, Kohl’s and Burlington are the anchor tenants at Orange Plaza, and Ross Dress for Less, Marshalls, Staples and Old Navy are the junior anchors. Brandon Szwalbenest, Andrew Stewart and Dev Morris of Cronheim arranged the financing through an undisclosed insurance company on behalf of the owner, National Realty & Development Corp.

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LoansMultifamilyNew YorkNortheast

Greystone Provides $16M Agency Loan for Refinancing of Long Island Multifamily Property

by Taylor Williams

CENTRAL ISLIP, N.Y. — Greystone has provided a $16 million Fannie Mae DUS (Delegated & Underwriting Servicing) loan for the refinancing of Coventry Village, a 94-unit multifamily property in the Long Island community of Central Islip. Built in 1975 and renovated in 2011, Coventry Village is a two-building, garden-style complex that offers one- and two-bedroom units. Robert Meehan of Greystone originated the five-year, nonrecourse loan, which carries a fixed interest rate, on behalf of the undisclosed owner.

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AcquisitionsMultifamilyNew YorkNortheast

Marcus & Millichap Brokers $7.5M Sale of Multifamily Property in Midtown Manhattan

by Taylor Williams

NEW YORK CITY — Marcus & Millichap has brokered the $7.5 million sale of a multifamily property in the Times Square submarket of Midtown Manhattan. The two-building, 12,675-square-foot property at 140-142 W. 46th St. houses six market-rate apartments, five rent-stabilized apartments and a 5,200-square-foot vacant restaurant space. Colton Traynham, Matt Fotis and Michael Weinstein of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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IndustrialLeasing ActivityNew YorkNortheast

Reliable Sprinkler Signs 44,000 SF Industrial Lease in Valley Cottage, New York

by Taylor Williams

VALLEY COTTAGE, N.Y. — Reliable Sprinkler has signed a 44,000-square-foot industrial lease in Valley Cottage, about 35 miles north of New York City. The distributor of fire protection products is taking space within Lincoln Logistics Rockland, a facility that features a clear height of 36 feet, 34 dock doors and parking for 123 cars and 41 trailers. Newmark represented the landlord, a partnership between Lincoln Equities Group and PCCP LLC, in the lease negotiations. JLL represented Reliable Sprinkler.

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401-Cypress-Ave-South-SanFran-CA
AcquisitionsCaliforniaMultifamilyWestern

Sares Regis Sells 195-Unit Celeste Apartments in South San Francisco

by Amy Works

SAN FRANCISCO — Sares Regis Group of Northern California, along with an institutional equity partner, has sold the 195-unit Celeste Apartments in South San Francisco. North Carolina-based Bell Partners purchased the property on behalf of its Bell Growth & Income Fund investors. The new owner will rename the asset, located at 401 Cypress Ave., to Bell South City II. Terms of the acquisition were not released. Completed in 2024, the eight-story multifamily building features studio, one- and two-bedroom apartments, a fitness loft and secure EV parking. At delivery, the property was 95 percent occupied. Berkadia represented the seller in the transaction.

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Nexus-Commerce-Center-Tempe-AZ
ArizonaDevelopmentIndustrialWestern

Partnership Completes Nexus Commerce Center Industrial Park in Tempe, Arizona

by Amy Works

TEMPE, ARIZ. — Local developer Creation, in partnership with CrossHarbor Capital Partners and Amherst, has completed Nexus Commerce Center, a Class A industrial park located at the intersection of Elliot Road and Hardy Drive in Tempe. Situated on a 16-acre site that was once home to Elliot Corporate Center, the redevelopment converted the vacant 200,000-square-foot office property into a three-building, 273,000-square-foot, shallow-bay industrial park. Designed and built by LGE Design Build, the buildings range in size from 88,773 to 103,288 square feet and feature 32-foot clear heights. Nexus Commerce Center also offers direct access to I-10 and Loop 101 via Elliot Road and proximity to the US-60 interchange and Phoenix Sky Harbor International Airport. Mike Haenel, Andy Markham, Phil Haenel and Justin Smith of Cushman & Wakefield are handling leasing efforts for the project.

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