Property Type

Hercules Development Partners Divests of Dylan Apartments Near Berkeley, California for $83.5M

by Amy Works October 12, 2026

HERCULES, CALIF. — Hercules Development Partners has completed the disposition of The Dylan, a 232-unit multifamily community in Hercules, about 10 miles north of Berkeley. Interstate Equities Corp. acquired the asset for $83.5 million. Ryan Wagner, Brandon Geraldo, Matt Kroger and Fatai Alashe of JLL Capital Markets represented the seller in the deal. Completed in 2022, the five-story community features 217 market-rate units and 15 below-market-rate units in a mix of studios, one- and two-bedroom layouts, averaging 804 square feet per unit. Onsite amenities include a lounge with community kitchen, a sports lounge featuring darts, billiards and foosball, a fitness center, resident courtyard featuring barbecue and fire pit areas and bike storage with a repair station. Additionally, Charles Halladay and Matt Cimino of JLL arranged a $54.3 million five-year acquisition loan through Freddie Mac for the buyer.

October 12, 2026

Acquisitions Hospitality Oregon Western

NewcrestImage Acquires 174-Key The Hotel Zags in Downtown Portland

by Amy Works October 12, 2026

PORTLAND, ORE. — Dallas-based NewcrestImage has purchased The Hotel Zags, a luxury lifestyle boutique property in downtown Portland. Terms of the transaction were not released. NewcrestImage will manage the property in-house. Situated in Portland’s Cultural District, The Hotel Zags features 174 guest rooms, 2,700 square feet of flexible meeting/event space, a free-play retro game arcade, curated collection of local artwork, complimentary nightly s’mores and a nature-focused courtyard with a living wall, lounge areas and fire pits, as well as a kid-friendly patio with sandbox and toys. The dog-friendly hotel also features an onsite casual restaurant, PLS on Sixth that offers American comfort food and cocktails, indoor/outdoor seating and two private dining rooms.

October 12, 2026

Affordable Housing California Development Multifamily Western

Alta Housing Breaks Ground on 108-Unit Affordable Housing Community in Mountain View, California

by Amy Works October 12, 2026

MOUNTAIN VIEW, CALIF. — Alta Housing has broken ground on La Bella, an affordable multifamily property in Mountain View’s Terra Bella neighborhood. Located at 1020 Terra Bella Ave. on a former industrial area, La Bella will feature 108 studio, one-, two- and three-bedroom apartments, each with secure storage space. Completion is slated for second-quarter 2028. Twenty-seven apartments will be reserved for households transitioning out of homelessness through California’s Santa Clara County’s Rapid Rehousing Program. Twenty-three units will include Section 8 Project-based vouchers, providing long-term housing stability for residents, and 10 apartments will be reserved for individuals with developmental disabilities. Income limits for La Bella will range from 30 percent to 60 percent of area median income. The six-story, all-electric building will include a ground-floor lobby and a multipurpose community room that opens onto a landscaped third-floor courtyard. The design incorporates children’s play areas, raised garden beds for community gardening, onsite laundry facilities and offices for property management, resident services and supportive services staff. Additionally, the property will offer 96 car parking spaces and 108 bicycle parking spots. The development team includes Van Meter Williams & Pollak as architect, Nibbi Brothers General Contractors, Alta Housing and Housing Choices Coalition as social services …

October 12, 2026

Acquisitions Colorado Office Western

Marcus & Millichap Brokers $3.1M Sale of The Center at Evergreen Office Property in Colorado

by Amy Works October 12, 2026

EVERGREEN, COLO. — Marcus & Millichap has arranged the sale of The Center at Evergreen, an office property in Evergreen. Good Signature sold the asset to Divine Homes for $3.1 million. Chadd Nelson and Brandon Kramer of Marcus & Millichap represented the seller, while Clayton Primm of Marcus & Millichap represented the buyer in the deal. Situated on 3 acres at 2922 Evergreen Parkway, The Center Evergreen features 45,729 square feet of office space. At the time of sale, the property was 80 percent occupied, with U.S. Bank being a tenant at the property since 1980.

October 12, 2026

Acquisitions Illinois Midwest Retail

Newmark Negotiates $30M Sale of Trophy Retail Property in Downtown Chicago

by Kristin Harlow October 12, 2026

CHICAGO — Newmark has arranged the $30 million sale of Block 37, a 277,654-square-foot trophy retail property located in downtown Chicago. Block 37 comprises five floors of retail space anchored by a mix of tenants including Zara, Sephora, AMC Theatres and The Dearborn, and a four-level underground parking garage. The property is situated within the larger Block 37 mixed-use development that also features residential and office towers. Keely Polczynski and Brian Schneiderman of Newmark represented the seller, CIM Group, in the transaction.

October 12, 2026

Acquisitions Midwest Missouri Multifamily

Northmarq Brokers Sale of 315-Unit Multifamily Community in Metro St. Louis

by Kristin Harlow October 12, 2026

MARYLAND HEIGHTS, MO. — Northmarq has arranged the sale of Whisper Hollow Apartments, a 315-unit garden-style multifamily community located at 12430 Whisper Hollow Drive in Maryland Heights. Dominic Martinez, Parker Stewart, Alex Malzone and Charlie McKee of Northmarq represented the seller, Banner Real Estate Group. The buyer was Monarch Investment and Management Group. Built in 1976 and renovated in 2018, Whisper Hollow sits on roughly 14.5 acres and features 13 three-story buildings. Floor plans include studio, one- and two-bedroom units. Apartments feature updated kitchens and bathrooms, stainless steel appliances, private entrances, hardwood-style floors, private patios or balconies, ceiling fans, energy-efficient doors and windows, and high-speed internet. Community amenities include a king-size pool with sundeck, fitness center and dry sauna, business center with coffee bar, clubhouse and game room, fenced-in park, surface parking, professional maintenance and office staff, tennis and pickleball courts, and a sand volleyball court. The property is adjacent to Quiet Hollow Park Fitness Court.

October 12, 2026

Development Mixed-Use Texas

PCD Receives Approval for 120-Acre Mixed-Use Development in Pearland, Texas

by Taylor Williams October 12, 2026

PEARLAND, TEXAS — Planned Community Developers (PCD) has received approval from the City Council of Pearland, a southern suburb of Houston, and has closed on the land for a 120-acre mixed-use development. The site is located at the nexus of U.S. Highway 288 and Beltway 8, and the development will be known as The Orchard. Plans currently call for 250,000 square feet of retail, dining and entertainment space, 150,000 to 300,000 square feet of office space and approximately 1,100 multifamily units and 100 single-family homes. CBRE has been tapped as the leasing agent for the retail component, and JLL is handling marketing of the future office space. A construction timeline was not announced.

October 12, 2026

Acquisitions Development Midwest Multifamily Wisconsin

CBRE Arranges Sale of Development Site for 96-Unit Multifamily Project in Waterloo, Wisconsin

by Hayden Spiess October 12, 2026

WATERLOO, WIS. — CBRE has arranged the sale of a 10.7-acre parcel in Waterloo that will be developed into Drumlin Fields Apartments, a 96-unit, garden-style apartment community. Drumlin Fields Waterloo LLC, an affiliate of Brew City Capital Group, purchased the property from Rolling Meadows Apartments LLC for $1.1 million. Waterloo is located approximately 25 miles northeast of Madison, Wis. CBRE’s Sean Beuche, Matson Holbrook and Gretchen Richards represented the seller in the transaction. Noah Jacobson, managing principal of Brew City Capital Group, a multifamily development and investment firm based in Brookfield, Wis., says the firm is partnering with Duffek Construction, KCB Architecture & Design, and engineering firm Kapur & Associates to bring the $23.5 million Drumlin Fields Apartments to life. Unit and community amenities at Drumlin Fields Apartments will include private entrances, attached garages, in-unit washers and dryers, high-end finishes and fixtures, forced air heating and cooling, private patios or balconies, a playground, courtyards and green space. Construction is scheduled to begin Oct. 14, with completion anticipated by April 2028.

October 12, 2026

Development Midwest Missouri Office

Coil Construction Underway on 70,000 SF Headquarters Expansion for EquipmentShare in Columbia, Missouri

by Hayden Spiess October 12, 2026

COLUMBIA, MO. — Coil Construction has broken ground on the expansion of the corporate headquarters for EquipmentShare.com Inc. (Nasdaq: EQPT), a construction technology and equipment rental company based in Columbia. The new 70,000-square-foot, two-story facility will provide space for up to 300 team members. Designed to foster collaboration and efficiency, the building will feature an executive business center, multi-purpose large meeting and event spaces, and a full-service corporate cafeteria. This expansion provides the physical room required to fulfill EquipmentShare’s previously announced commitment of bringing 500 new jobs to the region. Built with sustainability in mind, the facility is designed to accommodate photovoltaic solar panels and electric vehicle charging installations. Upon completion of the facility, EquipmentShare’s main corporate campus will encompass three facilities totaling 170,000 square feet. The campus sits near the company’s original equipment rental branch and its central distribution center, which supplies parts, technology and consumables to customers and over 430 EquipmentShare locations nationwide. EquipmentShare maintains more than 15 rental, R&D and corporate facilities operating statewide. Construction of the new facility is expected to be completed in mid-2028, with a formal grand opening event to follow.

October 12, 2026

Acquisitions Healthcare Texas

Ridgeline Capital Partners Acquires 117,433 SF Medical Office Portfolio in Texas

by Taylor Williams October 12, 2026

DALLAS — Dallas-based investment firm Ridgeline Capital Partners has acquired a portfolio of four medical office buildings totaling 117,433 square feet in Texas. One building is located in the eastern Austin suburb of Bastrop, and the other three are scattered across the Houston-area cities of Montgomery, Conroe and Huntsville. The buildings were constructed between 2004 and 2010 and are home to tenants such as CHI St. Luke’s Health, Liberty Dialysis, North Pines Surgery Center and RapidCare Emergency Room. Occupancy was 86 percent at the time of sale. The seller and sales price were not disclosed.

October 12, 2026

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