Property Type

NRP Group Breaks Ground on 297-Unit Affordable Housing Project in Denton, Texas

by Taylor Williams May 4, 2026

DENTON, TEXAS — The NRP Group, a Cleveland-based multifamily developer, has broken ground on Arbor Ranch, a 297-unit affordable housing project in the North Texas city of Denton. The site at 2820 Roselawn Drive spans 22 acres, and the development will consist of nine three-story buildings that will house one-, two-, three- and four-bedroom units and will be reserved for households earning between 30 and 70 percent of the area median income. Amenities will include a pool, playground, barbecue and picnic areas, children’s activity room and a community lounge, and residents will also have access to various onsite social services. Younger Partners brokered the sale of the land. Truist Bank provided a $68 million construction loan for the project. The first units are expected to be available for occupancy early next year.

May 4, 2026

Development Hospitality Texas

NewcrestImage Completes Renovation of 296-Room Hotel in Dallas

by Taylor Williams May 4, 2026

DALLAS — Locally based hospitality investment and management firm NewcrestImage has completed the renovation of Hotel Mockingbird, a 296-room establishment in the Highland Park area of Dallas. In addition to various property upgrades, ownership introduced two new food-and-beverage concepts: Verse Kitchen and Bar, a speakeasy-style restaurant, and Raven, which offers refined drinks and light bites. NewcrestImage acquired the Hotel Mockingbird, formerly known as the Beeman Hotel, in October 2024. Coury Hospitality manages the hotel.

May 4, 2026

Development Retail Texas

Walmart Supercenter Opens 200,000 SF Store Within Shawnee Trail in Celina, Texas

by Taylor Williams May 4, 2026

CELINA, TEXAS — Walmart has opened a 200,000-square-foot Supercenter store in the North Texas city of Celina. The store is located within Shawnee Trail, a 150-acre mixed-use project that is being developed by Trademark in partnership with family holding company Glendenning 1887 and the Celina Economic Development Corp. Construction of the first phase of the broader development of Shawnee Trail will begin next year and will include additional retail, restaurant and entertainment space, as well as parks and public spaces.

May 4, 2026

Industrial Leasing Activity Texas

Oxford Partners Arranges 11,057 SF Industrial Lease in Northwest Houston

by Taylor Williams May 4, 2026

HOUSTON — Locally based brokerage firm Oxford Partners has arranged an 11,057-square-foot industrial lease in northwest Houston. According to LoopNet Inc., the building at 13805 West Road was completed in 2000 and totals 61,600 square feet. Nathan Buckhoff of Oxford Partners represented the tenant, medical supplies provider Arpovo Health, in the lease negotiations. Jack Rathe and Brandon Preece of Stream Realty Partners represented the landlord, an entity doing business as Westland EPA LLC.

May 4, 2026

Loans Multifamily Northeast

JLL Arranges $109.5M Loan for Refinancing of Apartment Building in Edgewater, New Jersey

by Taylor Williams May 4, 2026

EDGEWATER, N.J. — JLL has arranged a $109.5 million bridge loan for refinancing of a 226-unit, newly renovated apartment building in the Northern New Jersey community of Edgewater. Edgewater Riello features one-, two-, three- and four-bedroom units with an average size of 1,139 square feet, as well as penthouse suites. Amenities include a fitness center, sauna, golf simulator, resident party room and an outdoor lounge. JLL arranged the three-year, floating-rate loan through MF1 Capital on behalf of the sponsors, Skylight Real Estate Partners and PCCP.

May 4, 2026

Loans New York Northeast Office

Olshan Properties Receives $40M Loan for Refinancing of Manhattan Office Building

by Taylor Williams May 4, 2026

NEW YORK CITY — An affiliate of Olshan Properties has received a $40 million loan for the refinancing of 99 Hudson Street, a 183,958-square-foot office building in Manhattan’s Tribeca neighborhood. Completed in 1930, the 17-story building was 97 percent leased at the time of the loan closing. Tenants include Chobani, plant-based meal delivery service Daily Harvest, consulting firm HR&A Advisors and ODA Architecture. Steven Klein led the JLL team that arranged the loan through an undisclosed life insurance company on behalf of ownership.

May 4, 2026

Acquisitions Industrial Massachusetts Northeast Self-Storage

Davis Cos. Sells 491-Unit Self-Storage Facility in Boston

by Taylor Williams May 4, 2026

BOSTON — Locally based owner-operator The Davis Cos. has sold a 491-unit self-storage facility in Boston’s Brighton neighborhood. Davis acquired the facility at 235 N. Beacon St., which spans 28,885 net rentable square feet, in April 2018 and subsequently implemented capital improvements, as well as a 56-unit, second-story expansion. Extra Space Storage operates the facility, which was 90 percent occupied at the time of sale. The buyer was a joint venture between Invesco Real Estate and Baranof Holdings.

May 4, 2026

California Loans Multifamily Western

JLL Arranges $46.3M Refinancing for Multifamily Community in Long Beach, California

by Amy Works May 4, 2026

LONG BEACH, CALIF. — JLL Capital Markets has arranged $46.3 million in refinancing for 200 W. Ocean, a 106-unit multifamily community in downtown Long Beach. Jeff Sause, Jacob Michael and Thomas Gonzalez of JLL represented the undisclosed borrower in the financing. The property is an adaptive reuse of a former Class B office building that was redeveloped into a multifamily property atop a three-story subterranean garage. Delivered in August 2022, the community features an amenity deck with a pool and fireplaces, a fitness center and smart-entry features.

May 4, 2026

Development Multifamily Oregon Western

Joint Venture Breaks Ground on 369-Unit Apartment Community in Beaverton, Oregon

by Amy Works May 4, 2026

BEAVERTON, ORE. — High Street Residential, the residential subsidiary of Trammell Crow Co., along with joint venture partners SCOA Real Estate Partners and Lease Crutcher Lewis have broken ground for the development of a transit-oriented, mixed-use multifamily property in Beaverton. Slated for delivery in summer 2027, the project will replace a portion of the Cedar Hills Shopping Center and its underutilized surface parking. Situated on 5.8 acres between S.W. Wilshire Street and Park Way, the community will offer 369 apartments spread across three four- and five-story buildings and 5,040 square feet of ground-floor retail space. The studio, one-, two- and three-bedroom residences will range from 483 square feet to 1,528 square feet and feature contemporary floor plans. Onsite amenities will include an indoor/outdoor fitness area with a full spa, including an outdoor sauna and cold plunge, a residents-only speakeasy, sports bar, community greenhouse, sports simulator and a coworking area with conference rooms. Additionally, the property will offer direct access to Cedar Hills Crossing, proximity to Highways 26 and 217 and a short walk via a pedestrian bridge to the Sunset Transit Center. The project team includes LRS Architects, CID Design Group, Lango Hansen Landscape Architects, Humber Design Group, Froelich Engineers, Tenor …

May 4, 2026

Acquisitions California Office Western

BH Properties Sells Office Campus in Ontario, California to MGR Real Estate for $24.7M

by Amy Works May 4, 2026

ONTARIO, CALIF. — BH Properties has completed the disposition of Lakeview, a Class A office campus in Ontario, to MGR Real Estate for $24.7 million. Situated on a 7.8-acre site, the asset consists of two three-story buildings offering a total of 106,345 square feet, as well as 1.85 acres of excess land. The campus was built in late 2004 as part of the master-planned Centrelake Business Park. Paul Jones, Brandon White and Kevin Shannon of Newmark represented the seller, while Michael Rademaker and Tony Hermosillo of MGR Real Estate represented the buyer in the deal.

May 4, 2026

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