Property Type

JBG Smith Begins Office-to-Residential Conversion Project in Metro D.C.

by John Nelson May 28, 2026

ARLINGTON, VA. — JBG Smith and general contractor Davis Construction have begun the conversion of 2200 Crystal Drive, an 11-story office building in Arlington spanning 315,000 square feet. Built in 1968 and renovated in 2006, the office building is situated in National Landing, a neighborhood in metropolitan Washington, D.C., that is anchored by Amazon’s HQ2 office. JBG Smith, along with joint venture equity partner Declaration Partners, is repositioning the office building into a 195-unit multifamily community. BNY is providing an undisclosed amount of construction financing for the project. JBG Smith recently sold an adjacent office building, 2100 Crystal Drive, that is being converted to a dual-brand hotel. Additionally, the Arlington County Board recently approved JBG Smith’s conversion of two more office buildings, 1800 and 1901 South Bell Street, into more than 300 residential units.

May 28, 2026

Development Multifamily Student Housing Texas

LV Collective, Peninsula Break Ground on 922-Bed Student Housing Project in College Station, Texas

by Taylor Williams May 28, 2026

COLLEGE STATION, TEXAS — A joint venture between LV Collective and Peninsula Investments has broken ground on Rambler Northgate, a 922-bed student housing project located near Texas A&M University in College Station. The building will rise 24 stories and offer 342 units in one-, two, three-, four-, five- and six-bedroom configurations with bed-to-bath parity. Shared amenities will include a pool with multiple hot tubs; coworking space with private study rooms; a fitness center with a yoga studio, sauna and cold plunge; and a multi-sport simulator and jumbotron. UMB is providing construction financing for the project. The development team includes Oz Architecture, JE Dunn, Variant Collaborative and Site Design Group. Completion is slated for 2028.

May 28, 2026

Development Mixed-Use North Carolina Restaurant Retail Southeast

Portman to Bring 30,000 SF Food Hall to Savona Mill Redevelopment in Charlotte

by John Nelson May 28, 2026

CHARLOTTE, N.C. — Portman has announced plans for Savona Food Works, a 30,000-square-foot food hall that will anchor the company’s Savona Mill adaptive reuse project in Charlotte’s West End district. Veteran food hall operator Robert Montwaid will lead the dining installation, which will offer 25 food stalls, a full-service restaurant and bar, coffee shop, flower market and rooftop bar. Montwaid’s previous ventures include leading Gansevoort Market in New York City’s Meatpacking District and Chattahoochee Food Works in Atlanta’s West Midtown neighborhood. Savona Food Works will be situated in the “Weave building,” which dates back to the 1900s, and will debut in 2027. Other components of the 27-acre mixed-use district include 200,000 square feet of creative office space and 319 apartments, with more multifamily units expected in the next phase of development. Savona Mill is situated adjacent to the Stewart Creek Greenway, a pedestrian trail that connects to the LYNX Light Rail and Blue Line Rail Trail.

May 28, 2026

Florida Hospitality Loans Southeast

Cronheim Hotel Capital Arranges $50.4M Financing for Two Hotels on Amelia Island in Florida

by John Nelson May 28, 2026

AMELIA ISLAND, FLA. — Cronheim Hotel Capital has arranged two loans totaling $50.4 million for two hotels on Amelia Island, an island off the coast of northeast Florida. The deals include a $29.9 million loan for the refinancing and conversion of Ocean Coast Hotel to a Holiday Inn Resort and a $20.5 million loan for the refinancing of Amelia Hotel, an independent beachfront hotel. Cronheim Hotel Capital originated both loans with a regional bank and each include USDA and PACE components. The co-sponsors are Innisfree Hotels and RREAF Holdings.

May 28, 2026

Acquisitions Georgia Restaurant Retail Southeast

Marcus & Millichap Brokers Sale of Restaurant in Buford, Georgia Leased to Whataburger

by John Nelson May 28, 2026

BUFORD, GA. — The Taylor McMinn Retail Group of Marcus & Millichap has brokered the sale of a restaurant in Buford, a northeast suburb of Atlanta in Gwinnett County. Whataburger occupies the restaurant on a 15-year ground lease that features 10 percent rent increases in the initial term and extension options. The popular burger chain recently backfilled the restaurant vacated by an unnamed tenant. Don McMinn and Andrew Koriwchak of Taylor McMinn Retail Group brokered the sale on behalf of the seller, a developer that is a repeat client for Whataburger. The out-of-state buyer purchased the restaurant in an all-cash 1031 exchange. “Despite challenges with the higher price point, our team sourced an all-cash, out-of-state, 1031 buyer through our national reach and buyer relationships,” says McMinn. “This is our fifth Whataburger sale in Atlanta, and we have additional Atlanta product for sale.”

May 28, 2026

Acquisitions Industrial Self-Storage Texas

Marcus & Millichap Brokers Sale of 314-Unit Self-Storage Facility in Houston

by Taylor Williams May 28, 2026

HOUSTON — Marcus & Millichap has brokered the sale of HP Storage, a 314-unit self-storage facility in Houston. Built in 2016 and expanded in 2019, HP Storage sits on a 4.5-acre site on the city’s northwest side and consists of five one-story buildings and one three-story building. Units offer climate- and non-climate-controlled space, as well as flexible configurations for retail/office uses and units dedicated to container storage. Dave Knobler, Mixson Staffel and Charles LeClaire of Marcus & Millichap represented the Texas-based seller and procured the New York-based buyer, both of which requested anonymity, in the transaction.

May 28, 2026

Loans Retail Texas

Nuveen Green, Lone Star PACE Provide $8M C-PACE Loan for West Houston Retail Project

by Taylor Williams May 28, 2026

HOUSTON — Nuveen Green Capital and Lone Star PACE have provided an $8 million C-PACE (Commercial Property Assessed Clean Energy) loan for Ashford Yard, an 83,000-square-foot retail project in West Houston. Ashford Beer Garden has preleased 21,000 square feet as the anchor tenant of the development. Loan proceeds will be used to install a high-efficiency building envelope and windows, upgraded HVAC systems, enhanced lighting fixtures and water systems with low-flow plumbing fixtures. The borrower was not disclosed.

May 28, 2026

Industrial Leasing Activity Texas

LanCarte Commercial Negotiates 50,099 SF Industrial Lease in Grand Prairie, Texas

by Taylor Williams May 28, 2026

GRAND PRAIRIE, TEXAS — Locally based brokerage firm LanCarte Commercial has negotiated a 50,099-square-foot industrial lease in Grand Prairie, located roughly midway between Dallas and Fort Worth. The space is located within Suite 200 at the building at 1201 Avenue S. Parker LanCarte and Mark Boone of LanCarte, along with Chris Routledge of Westbrook Real Estate, represented the tenant, thrift store retailer Brightmore Brands, in the lease negotiations. CBRE represented the undisclosed landlord.

May 28, 2026

California Loans Multifamily Western

Walker & Dunlop Structures $101.6M HUD-Insured Loan for Refinancing of Apartment Property in Chula Vista

by Amy Works May 28, 2026

CHULA VISTA, CALIF. — Walker & Dunlop has arranged a $101.6 million HUD 223(f) loan to refinance Enclave Heritage Flats, an apartment community in Chula Vista. Enclave Heritage Flats features 312 one-, two- and three-bedroom apartments. Community amenities include a fitness center, resort-style swimming pool, movie screening theater, coworking spaces, outdoor gathering areas and pet-friendly accommodations. Baldwin Asset Management is the property manager. Gregory Richardson and Jeff Kearns of Walker & Dunlop Capital Markets Real Estate Finance and Walker & Dunlop Affordable Housing secured the financing on behalf of The Baldwin Co. The loan refinances existing debt that Walker & Dunlop arranged in 2024.

May 28, 2026

Affordable Housing California Development Multifamily Western

MidPen, EPACANDO Open 136-Unit Affordable Housing Community in East Palo Alto, California

by Amy Works May 28, 2026

EAST PALO ALTO, CALIF. — MidPen Housing and the East Palo Alto Community Alliance Neighborhood Organization (EPACANDO) have opened Colibri Commons, a 136-unit affordable housing community at 965 Weeks St. in East Palo Alto. The property’s 136 studio, one-, two-, three- and four-bedroom units are reserved for tenants earning no more than 60 percent of the area median income. Community amenities include a community room, an outdoor play area and free onsite services such as nutrition classes, adult education and after-school programming. MidPen Property Management is the property manager. Financing for Colibri Commons was provided through multiple public and private sources. The project team included David Baker Architects and Blach Construction.

May 28, 2026

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