Property Type

NewQuest Underway on 100,000 SF Retail Expansion Project in New Braunfels, Texas

by Taylor Williams April 23, 2026

NEW BRAUNFELS, TEXAS — Houston-based development and brokerage firm NewQuest is underway on construction of a 100,000-square-foot retail expansion project in New Braunfels, a northeastern suburb of San Antonio. The expansion of New Braunfels Town Center at Creekside, which is part of the 400-acre Creekside Town Center master-planned development, involves construction of new single-tenant buildings for EöS Fitness, Chick-fil-A, Portillo’s and Chase Bank. The project will also feature a roughly 10,000-square-foot multi-tenant building that is fully preleased to Chipotle Mexican Grill, CAVA, Potbelly, Blo Dry Bar and Menchie’s Frozen Yogurt. A tentative completion date was not announced.

April 23, 2026

Acquisitions Seniors Housing Southeast Tennessee

NHI Agrees to Sell Skilled Nursing Portfolio to National HealthCare Corp. for $560M

by John Nelson April 23, 2026

MURFREESBORO, TENN. — National Health Investors (NHI) has executed an agreement to sell a seniors housing portfolio to National HealthCare Corp. (NHC) for a total of $560 million. The portfolio includes 32 skilled nursing facilities and three independent living facilities. NHC currently operates the properties on behalf of NHI. In 2025, the portfolio generated cash lease revenue of roughly $39.7 million for NHI. According to NHI, the Murfreesboro-based company expects this move to increase its concentration in the category of private-pay seniors housing. Following the transaction, NHI’s senior housing operating portfolio segment will represent roughly 22 percent of its total investments, with skilled nursing exposure to represent 12.2 percent of total investments. In a statement, NHI also noted that this sale will “eliminate potential conflicts of interest between NHI and NHC.” Closing of the transaction is expected on July 1, subject to customary closing conditions. NHI expects to incur transaction costs between $6 million and $8 million. Blueprint Healthcare Real Estate Advisors is serving as the transaction advisor for NHI. Houlihan Lokey Capital is acting as financial advisor to a special committee of non-interested directors that was appointed to review the sale, and Venable LLP is serving as the committee’s …

April 23, 2026

Development Georgia Hospitality Mixed-Use Southeast

Virgin Hotels to Anchor $5B Centennial Yards Development in Downtown Atlanta

by John Nelson April 23, 2026

ATLANTA — Los Angeles-based CIM Group and affiliate Centennial Yards Co. have announced that Virgin Hotels is coming to Centennial Yards, the $5 billion mixed-use district underway in downtown Atlanta. Drew Co. is co-developing the 261-room hotel, which is set to open in 2027 between Mercedes-Benz Stadium and State Farm Arena. The hotel will anchor the “Entertainment District” of the 50-acre project that will also include a 5,300-seat Live Nation venue and the interactive Cosm attraction announced in 2024. The hotel will include the Virgin brand’s signature “Chambers” room concept with a penthouse suite and “Richard’s Flat” on the upper floors. The hotel will also feature meeting space, a pool deck and a Chops Lobster Bar on the ground level, as well as bars in the lobby, pool deck area and rooftop, plus a seasonal patio bar. Other recently announced concepts coming to Centennial Yards include Shake Shack, The Irish Exit, Khao Thai Isan, The Busy Bee Café and Zephyr Southern Brasserie.

April 23, 2026

Acquisitions Florida Retail Southeast

Fund Acquires Shopping Center on Florida’s Space Coast for $16M

by John Nelson April 23, 2026

MERRITT ISLAND, FLA. — A tenancy-in-common (TIC) entity including MHCommercial Real Estate Fund II, a private equity fund launched by South Florida-based commercial real estate services firm NAI Merin Hunter Codman, has acquired the Shoppes at Victoria Square on Florida’s Space Coast for $16 million. Situated approximately 50 miles east of Orlando in Merritt Island near the Kennedy Space Center, the Shoppes at Victoria Square totals 109,000 square feet and is anchored by Burlington, Five Below and Ulta Beauty. The property was 98 percent leased at the time of sale. This acquisition marks the second Merritt Island investment for MHC Fund II, following the purchase of Merritt Crossing, a 90,000-square-foot grocery-anchored retail center, in July 2025. John Crotty, Michael Fay, David Duckworth, Brian de la Fe and Philip Shapiro of Avison Young represented the seller, an entity doing business as Victoria Square Partners, in the transaction. Stuart Kapp and Jake Seiler of Kapp Morrison Aker LLP law firm represented the TIC buyers, an entity doing business as Ocala North Partnership, which includes Ted Lightman and James O’Connor of Charles Wayne Properties; Jim Scalo and Brian Walker of NAI Burns Scalo; and MHCommercial Fund II. BankUnited provided financing. NAI Merin Hunter Codman …

April 23, 2026

Acquisitions Retail South Carolina Southeast

Marcus & Millichap Brokers Sale of Upstate South Carolina Retail Property Leased to Chase Bank

by John Nelson April 23, 2026

BOILING SPRINGS, S.C. — Don McMinn and Andrew Koriwchak of Marcus & Millichap’s Taylor McMinn Retail Group have brokered the sale of a freestanding retail property in Boiling Springs, a city in Upstate South Carolina’s Spartanburg County. Chase Bank occupies the property on a 15-year, corporate guaranteed ground lease that features 10 percent rent increases in the initial term and extension options. The seller, a repeat developer for Chase Bank retail branches, delivered the property earlier this year. The undisclosed buyer purchased the store in a 1031 exchange. The sales price was also not disclosed. “This sale demonstrates that investment-grade assets continue to attract strong buyer demand, commanding aggressive pricing for low-rent deals in prime locations — despite the surplus of net lease inventory,” says McMinn.

April 23, 2026

Acquisitions Office Retail Texas

Joint Venture Acquires 53,000 SF Office, Retail Building in San Antonio

by Taylor Williams April 23, 2026

SAN ANTONIO — A joint venture between two retail owner-operators, Houston-based Fifth Corner and San Antonio-based Headwall Investments, has acquired a 53,000-square-foot office and retail building in San Antonio’s Alamo Heights submarket. According to LoopNet Inc., the property at 5108 Broadway St., which is known as Stewart Center, was built on 2.1 acres in 1957. The seller and sales price were not disclosed.

April 23, 2026

Leasing Activity Restaurant Retail Texas

Three New Tenants Sign Leases at Firefly Park in Frisco

by Taylor Williams April 23, 2026

FRISCO, TEXAS — Three new tenants — restaurant Frenchie, Woodhouse Spa and Second Rodeo Brewing — have signed leases at Firefly Park, a 217-acre mixed-use development in Frisco. The deals bring the occupancy rate of the first phase of retail development, which will be anchored by sportswear retailer TYLER’S, to 41 percent. All three openings are slated for fall 2027. Wilks Development owns Firefly Park.

April 23, 2026

Leasing Activity Retail Texas

Activate to Open 12,000 SF Gaming Venue at Baybrook Mall in Friendswood, Texas

by Taylor Williams April 23, 2026

FRIENDSWOOD, TEXAS — Activate, an entertainment concept centered on interactive games, will open a 12,000-square-foot venue at Baybrook Mall in Friendswood, a southwestern suburb of Houston. The venue is Activate’s third in the Houston area. Eric Lestin and Michael Burgower of Cushman & Wakefield represented Activate in the lease negotiations. Bruce Wallace of Jolink Wallace represented the landlord, Ashita Investments.

April 23, 2026

Development Loans Multifamily New York Northeast

JLL Arranges $130M Construction Loan for Bronx Multifamily Project

by Taylor Williams April 23, 2026

NEW YORK CITY — JLL has arranged a $130 million construction loan for The 360, a 304-unit multifamily project that will be located in the Mott Haven neighborhood of The Bronx. The 360 will be a 13-story building with 228 market-rate and 76 affordable units that will come in studio, one- and two-bedroom floor plans. Amenities will include a rooftop lounge, fitness center with a yoga studio, coworking spaces and 24-hour concierge services, and The 360 will also house 47,892 square feet of retail space that is preleased to Food Bazaar. Lauren Kaufman and Nicco Lupo of JLL arranged the loan through PCCP on behalf of the developer, a partnership between Shorewood Real Estate Group and Bogopa Enterprises. Construction is slated for a 2028 completion.

April 23, 2026

The-Residence-at-Selleck's-Wood-Darien-Connecticut

Acquisitions Connecticut Multifamily Northeast Seniors Housing

Harrison Street Acquires Two Seniors Housing Communities in Southern Connecticut

by Taylor Williams April 23, 2026

DARIEN AND STAMFORD, CONN. — Chicago-based owner-operator Harrison Street has acquired two seniors housing communities totaling 216 units in southern Connecticut. The Residence at Selleck’s Woods in Darien totals 102 independent living, assisted living and memory care units and was completed in 2019. Amenities include a private theater, billiards room, salon, library, activity space and restaurant-style dining rooms. The Residence at Summer Street in Stamford features 104 units of independent living, assisted living and memory care and offers similar amenities. Jay Wagner, Rick Swartz, Aaron Rosenzweig and Jim Dooley of JLL represented the seller, a partnership between LCB Senior Living and Virtus Real Estate Capital, in the transaction.

April 23, 2026

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