Property Type

JPI Begins Construction on 277-Unit Multifamily Project in The Colony, Texas

by Taylor Williams May 21, 2026

THE COLONY, TEXAS — JPI has begun construction on Jefferson Grandscape II, a 277-unit multifamily project that will be located north of Dallas in The Colony. Valued at $77.8 million and located within the 433-acre mixed-use development of the same name, Jefferson Grandscape II will be a five-story building with 11 studios, 172 one-bedroom apartments, 86 two-bedroom units and eight three-bedroom residences. Amenities will include a pool, sky lounge and outdoor courtyards with fire pits. QuadReal Property Group is financing construction of the project in conjunction with Nebraska Furniture Mart, which owns Grandscape. The first units are expected to be available for occupancy by early 2028.

May 21, 2026

Development Industrial Texas

CapRock Partners Breaks Ground on 250,000 SF Industrial Project in McKinney, Texas

by Taylor Williams May 21, 2026

MCKINNEY, TEXAS — California-based development and investment firm CapRock Partners has broken ground on McKinney Air Business Park, a 250,000-square-foot industrial project that will be located north of Dallas. McKinney Air Business Park, named for the site’s adjacency to McKinney National Airport, will be a two-building, shallow-bay development on a 15.3-acre site. Building features will include 32-foot clear heights, ESFR sprinkler systems, “ample” dock-high loading positions, 130-foot truck court depths and “generous” automobile parking allotments. Construction is expected to be complete early next year. Colliers is marketing the property for lease.

May 21, 2026

Acquisitions Multifamily Texas

Eastham Capital Sells 194-Unit Apartment Complex in Southeast Houston

by Taylor Williams May 21, 2026

HOUSTON — Florida-based real estate private equity firm Eastham Capital has sold University Green Apartments, a 194-unit multifamily complex in southeast Houston. The property offers one- and two-bedroom units that range in size from 424 to 988 square feet. Amenities include a pool, fitness center and a dog park. Eastham Capital acquired the asset in 2018 in a joint venture with Mosaic Residential and subsequently implemented capital improvements. The buyer and sales price were not disclosed. University Green Apartments was roughly 97 percent occupied at the time of sale.

May 21, 2026

Loans Multifamily Seniors Housing Texas

CRC Provides $6.1M HUD-Insured Loan for Refinancing of Metro Dallas Memory Care Facility

by Taylor Williams May 21, 2026

KELLER, TEXAS — Cambridge Realty Capital (CRC) has provided a $6.1 million HUD-insured loan for the refinancing of a 50-bed memory care facility in Keller, located north of Fort Worth. Avalon Memory Care Keller is a standalone facility for patients with Alzheimer’s and dementia. Brent Holman-Gomez of CRC originated the financing through HUD’s 223(f) program on behalf of the owner, an undisclosed limited liability company.

May 21, 2026

Acquisitions Arizona Industrial Western

US Merchants Buys 453,960 SF Industrial Facility in Surprise, Arizona

by Amy Works May 21, 2026

SURPRISE, ARIZ. — US Merchants has purchased Building One at West Summit at Surprise from developer Mohr Capital for $63.9 million. Located at 13401 W. Sweetwater Ave., the 453,960-square-foot Building One features a clear height of 36 feet, LED lighting and a 2,951-square-foot speculative office suite. The fully air conditioned asset is served by 3,000 amps of expandable power, 60-foot speed bays, a 145-foot secured concrete truck court, 101 dock doors, four grade-level doors and the ability to park 368 cars and 144 trailers. Completed in third-quarter 2024, West Summit at Surprise features two industrial buildings offering a total of 704,472 square feet, with the 250,512-square-foot Building Two located at 12600 N. Summit Way. The project is located within Summit Business Park, along the BNSF Railroad. Anthony Lydon, John Lydon and Kelly Royle of JLL represented the seller, while Joey Sugar and John Grady of CBRE represented the buyer in transaction.

May 21, 2026

California Loans Retail Western

PSRS Arranges $24M Refinancing for Retail Building in San Diego

by Amy Works May 21, 2026

SAN DIEGO — PSRS has secured $24 million in refinancing for a retail asset in San Diego. Located in the historic Gaslamp Quarter, the property offers 54,650 square feet of retail space. Tony Messiah of PSRS arranged the financing through one of the firm’s correspondent life insurance companies. The loan features a five-year term and a 25-year amortization.

May 21, 2026

Acquisitions California Industrial Western

CBRE Negotiates Sale of 24,660 SF Industrial Property in San Marcos, California

by Amy Works May 21, 2026

SAN MARCOS, CALIF. — CBRE has arranged the sale of a single-tenant industrial property located at 177 Vallecitos de Oro in San Marcos. A local family trust acquired the asset from Davis, Gottleib & Shaw LP for $4.4 million. Window World, a national replacement window and exterior remodeling company, occupies the 24,660-square-foot property on a long-term, triple-net lease basis. Matt Pourcho, Blake Wilson, Roger Carlson and Anthony DeLorenzo of CBRE represented the seller in the transaction.

May 21, 2026

Acquisitions Nevada Retail Western

Marcus & Millichap Brokers Sale of Two-Tenant Retail Property in Las Vegas

by Amy Works May 21, 2026

LAS VEGAS — Marcus & Millichap has brokered the purchase of a two-tenant retail property in Las Vegas. Merra Cordier, a local entrepreneur and owner of The Purple Chandelier, acquired the asset from an ownership group that included former Nevada Lt. Gov. Lorraine Hunt Bono. Built in 1977, the former OfficeMax building is located at 4995 S. Eastern Ave. The Purple Chandelier, formerly Lynn’s World Consignment, and Bodega Furniture currently occupy the property. The new ownership intends to renovate and improve the facility while continuing retail operations on site. Candace Bare of Marcus & Millichap represented the buyer in the deal.

May 21, 2026

Acquisitions Illinois Loans Midwest Multifamily

Eastern Union Secures $125.3M Acquisition Loan for Chicago Apartment Property

by Kristin Harlow May 21, 2026

CHICAGO — Eastern Union has arranged a $125.3 million loan for the acquisition of The Pavilion, a 15-story, 1,115-unit apartment property located at 5441 N. East River Road in Chicago. The transaction is believed to be the largest apartment building sale in Chicago on a year-to-date basis, according to Eastern Union. Michael Muller and Mike Orlik of Eastern Union secured the financing. The five-building complex was built between 1968 and 1972. Amenities include a club building, pool, spa, sauna, fitness center and barbecue area. The property was 96 percent occupied at the time of the loan closing. The borrower was Chicago-based R.I.G. Capital, and the seller was Brookfield Asset Management. Stephen York of Arbor Realty Trust originated the agency financing. The sales price was $167 million. The loan featured a 75 percent loan-to-cost ratio, and payments will be based on a 30-year amortization. The transaction represents the first time that the property has traded hands in several decades.

May 21, 2026

Illinois Industrial Leasing Activity Midwest

Coda Resources Signs 244,343 SF Industrial Lease in Joliet, Illinois

by Kristin Harlow May 21, 2026

JOLIET, ILL. — Coda Resources has signed a 244,343-square-foot industrial lease at 2000 S. Rowell Ave. in Joliet. The 399,930-square-foot facility was newly developed by Cabot Properties. Frank Melchert, Stevan Arandjelovic and Simon Porras of Cawley Commercial Real Estate represented the tenant, while Steve Ostrowski of Colliers represented the landlord. Coda, which manufactures consumer and industrial products, is expected to take occupancy in September, and the lease term is 75 months. The building features intermodal access, 50 dock doors and a clear height of 36 feet.

May 21, 2026

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