Property Type Archives - REBusinessOnline

Partnership Acquires 360-Unit Birchstone Cedar Ridge Apartments in South Dallas

Taylor Williams — Wed, 21 Jan 2026 16:08:22 +0000

DALLAS — A partnership between multifamily owner-operator Ashcroft Capital and two Chicago-based investment firms Temerity Strategic Partners and Pearlmark, has acquired the Birchstone Cedar Ridge, a 360-unit apartment community in South Dallas. Built in 2024, Birchstone Cedar Ridge features one-, two- and three-bedroom units that range in size from 660 to 1,541 square feet. Amenities include a pool with cabanas, outdoor kitchen and grilling areas, a dog park, fitness center, business center and a community clubhouse. The seller and sales price were not disclosed.

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Cinemark to Undertake $16M Renovation of Metro Houston Movie Theater

Taylor Williams — Wed, 21 Jan 2026 16:02:56 +0000

WEBSTER, TEXAS — Cinemark will undertake a $16 million renovation of its 18-screen theater in Webster, a southeastern suburb of Houston. Plans call for installing a branded Gamescape entertainment space with bowling, arcade games, laser tag and flexible event space, as well as a full-service bar and restaurant. The project will also upgrade the theater’s concession areas and auditoriums. Work is set to begin in February and to be complete in November.

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Petros, Lone Star Provide $3.6M in C-PACE Financing for Denton Industrial Project

Taylor Williams — Wed, 21 Jan 2026 16:01:14 +0000

DENTON, TEXAS — Petros PACE Finance and Lone Star PACE have provided $3.6 million in C-PACE financing for a six-building, 107,000-square-foot industrial project in the North Texas city of Denton. The undisclosed sponsor will use the financing to fund the installation of an energy-efficient building envelope and lighting systems. These measures are projected to reduce the building’s energy usage by 37 percent annually.

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Klepper Industrial Buys 30,000 SF Building in Cedar Park, Texas

Taylor Williams — Wed, 21 Jan 2026 15:47:48 +0000

CEDAR PARK, TEXAS — Local investment firm Klepper Industrial has purchased a 30,000-square-foot building in Cedar Park, a northern suburb of Austin. The structure is known as 1615 Scottsdale Building Two and is currently vacant. Stan Nowak of Partners Real Estate represented the buyer in the transaction. Witt Westbrook of JLL represented the seller, a partnership between BCA Industrial Partners and Growth Capital Partners.

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AANDAR Arranges $145.3M Refinancing of Apartment Building in New Rochelle, New York

Taylor Williams — Wed, 21 Jan 2026 15:25:06 +0000

NEW ROCHELLE, N.Y. — AANDAR Real Estate Capital, a boutique capital advisory firm based in New Jersey, has arranged the $145.3 million refinancing of The Alary, a 315-unit apartment building in New Rochelle, located north of New York City. The financing consists of a $125.8 million senior bridge loan from Greystone and a $19.5 million preferred equity investment from Forum Investment Group. Developed by Allstate Ventures and completed last year, The Alary offers studio, one- and two-bedroom units. Indoor amenities include a fitness center, coworking spaces with private pods and conference rooms, a game room with a wet bar, sports simulator, children’s playroom and a sky lounge with a full-service bar. Outside, residents have access to a rooftop area with a pool, outdoor cinema, barbecue kitchens, fire pits and a dog park. Shaya Sonnenschein and Michael Weisz led the transaction for AANDAR.

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Hilco Provides $47.5M Construction Loan for Mixed-Use Development in Chattanooga

John Nelson — Wed, 21 Jan 2026 15:04:26 +0000

CHATTANOOGA, TENN. — Hilco Global Real Estate Capital has provided a $47.5 million loan to Urban Story Ventures to support the recapitalization and continued development of The Bend, a 100-acre mixed-use development underway in Chattanooga. Plans for the project, which will feature more than 3,000 linear feet of frontage along a bend of the Tennessee River, include approximately 1,700 residential units; 1.1 million square feet of office space; 1.2 million square feet of dining, shops and service retailers; 600 hotel rooms; entertainment and cultural venues; and a 300-slip marina. The Bend will be supported by public infrastructure investment through a public-private partnership structure between Urban Story Ventures and The City of Chattanooga. Jimmy White, president of Urban Story Ventures, says that the development has nearly $1 billion in potential investments in the works. The construction timeline for the project was not released.

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CBRE Provides $35.5M Agency Permanent Loan for Multifamily Property in Belleville, New Jersey

Taylor Williams — Wed, 21 Jan 2026 15:04:12 +0000

BELLEVILLE, N.J. — CBRE has provided a $35.5 million Freddie Mac permanent loan for The Essex, a 158-unit multifamily property located in the Northern New Jersey community of Belleville. According to Apartments.com, the newly constructed, four-story building offers studio, one- and two-bedroom units that range in size from 437 to 888 square feet. Amenities include a fitness center with a yoga room, rooftop courtyard with grilling stations and a fire pit, resident lounge, game room, coworking pods, package room and a pet washing station. Judah Hammer, Jeff Feldman and Jack Hayes of CBRE originated the loan. The borrower was not disclosed.

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Partnership Acquires 102,500 SF Shopping Center in Old Lyme, Connecticut

Taylor Williams — Wed, 21 Jan 2026 14:59:33 +0000

OLD LYME, CONN. — A partnership between Zelco Properties & Development, Grossman Development Group and The McDevitt Co. has acquired a 102,500-square-foot shopping center in Old Lyme, located in southern coastal Connecticut. Anchored by Big Y World Class Market, Old Lyme Marketplace is also home to tenants such as Walgreens, Grand Wine & Spirits and The Bowerbird Gift Shop. The seller and sales price were not disclosed.

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JLL Brokers Sale of 358-Unit Apartment Community in North Charleston

John Nelson — Wed, 21 Jan 2026 14:59:10 +0000

NORTH CHARLESTON, S.C. — JLL has brokered the sale of Link Apartments Mixson, a 358-unit property located at 4501 Mixson Ave. in North Charleston’s Park Circle submarket. Comunidad Realty Partners purchased the apartment community from Grubb Properties for an undisclosed price. John Gavigan, John Mikels, Ben Bury and Chase Monroe of JLL represented the seller in the transaction. Additionally, Robert Wooten and Jackson Finch originated a Freddie Mac loan for the acquisition. Link Apartments Mixson was developed in phases in 2014 and 2019. The community features a mix of one- and two-bedroom apartments, as well as a saltwater pool, 24/7 fitness center, coworking spaces, dog park and a community clubhouse with a coffee bar.

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Terreno Realty Delivers 164,000 SF Industrial Facility in Metro Miami

John Nelson — Wed, 21 Jan 2026 14:58:02 +0000

HIALEAH, FLA. — Terreno Realty Corp. has delivered a 164,000-square-foot industrial facility in Hialeah, a suburb of Miami. The $43.4 million project is known as Building 32 within Terreno’s Countyline Corporate Park development. The property is situated on 8.3 acres with the park’s Phase IV, which spans 121 acres and is entitled for 2.2 million square feet of development, with full build-out expected by the end of 2027. Building 32 is fully leased to two tenants and includes a rear-load configuration, 36-foot clear heights, 53 dock-high doors, two grade-level loading positions and parking for 148 cars. The facility is expected to achieve LEED certification, according to Terreno. Countyline Corporate Park is a landfill redevelopment located adjacent to Florida’s Turnpike and the southern terminus of I-75.

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IPA Negotiates Sale of 57,524 SF Shopping Center in Baltimore

John Nelson — Wed, 21 Jan 2026 14:56:55 +0000

BALTIMORE — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of Highlandtown Village, a 57,524-square-foot shopping center located at 3800 E. Lombard St. in Baltimore. Built in 1987, the retail center was fully leased at the time of sale to tenants including Hazlo International Foods, Dollar Tree, Baltimore Bark House, Fishtail Wine and Song’s Beauty Supplies. The average tenant occupancy at Highlandtown Village exceeds 14 years, according to IPA. David Crotts and Dean Zang of IPA represented the undisclosed seller in the transaction. The buyer and sales price were also not disclosed.

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Lydian Opens 25,000 SF Life Sciences Facility at Hood Park in Metro Boston

Taylor Williams — Wed, 21 Jan 2026 14:42:38 +0000

CHARLESTOWN, MASS. — Lydian, a Massachusetts-based provider of synthetic fuels, has opened a 25,000-square-foot life sciences facility in Charlestown, located north of Boston. The space is located within Hood Park, a 20-acre mixed-use redevelopment of the former H.P. Hood and Sons dairy facility, and will support operations at Lydian’s demonstration plant. The launch of that facility is scheduled for 2027.

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Berkadia Brokers Sale of 135-Unit Seniors Housing Community on San Francisco Bay

Amy Works — Wed, 21 Jan 2026 14:40:14 +0000

SAN MATEO, CALIF. — Berkadia has brokered the sale of Atria Park of San Mateo, a 135-unit assisted living and memory care community located in San Mateo on the western shores of San Francisco Bay. A partnership between Shelter Real Estate Investment Properties and Calson Management acquired the property for an undisclosed price. The community will be rebranded as Harbor at Hillsdale. Mike Garbers, Cody Tremper, Dave Fasano and Ross Sanders of Berkadia arranged the transaction on behalf of the undisclosed seller.

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Basis Investment Group Provides $23.1M Bridge Loan for Industrial Building in Provo, Utah

Amy Works — Wed, 21 Jan 2026 14:39:25 +0000

PROVO, UTAH — Basis Investment Group has provided a $23.1 million bridge loan to Scannell Properties to facilitate the refinancing of Sierra Vista Way, a recently constructed industrial property in Provo. The bridge loan is an investment held in BIG Real Estate Fund III. Situated within Mountain Vista Business Center, Sierra Vista Way features 158,765 square feet of industrial space with direct access to I-15, US-189, SR-114 and Lakeview Parkway.

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Gantry Secures $16.5M Refinancing for Two Industrial Facilities in Metro Phoenix

Amy Works — Wed, 21 Jan 2026 14:38:38 +0000

PHOENIX — Gantry has secured two permanent loans, totaling $16.5 million, for one borrower to refinance maturing debt on a pair of industrial properties in metro Phoenix. The first property is a 79,000-square-foot modern industrial building with a fenced truck court located in the Southwest Valley submarket of Phoenix, and the second asset is a 113,000-square-foot modern warehouse property with two buildings in Phoenix’s Northwest Valley submarket. Both facilities were fully leased to long-term tenants at the time of sale. Tim Storey, Chad Metzger and Andrew Christopherson of Gantry represented the borrower, a private real estate investor. Both loans were secured from one of Gantry’s correspondent life company lenders and feature full-term, interest-only payments at a fixed rate. Gantry will service both loans on behalf of its correspondent lender.

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Norris & Stevens Arranges $2.3M Sale of Retail Property in The Dalles, Oregon

Amy Works — Wed, 21 Jan 2026 14:36:59 +0000

THE DALLES, ORE. — Norris & Stevens has brokered the sale of retail property located at 3560 W. 6th St. in The Dalles. Robert N. Magid sold the property to Northstar Market LLC for $2.3 million. Constructed in 2007, the 11,335-square-foot freestanding retail building features showroom space, restrooms, break rooms, a security room, an overhead grade door and 19 parking spaces. The property was formerly occupied by Aaron’s. Doug Carter of Portland, Ore.-based Norris & Stevens represented the seller, while Jessica Kaur of Knipe Realty EA Powered represented the buyer in the deal.

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Hunter Advisors Negotiates Sale of 408-Room Renaissance Columbus Downtown Hotel

Kristin Harlow — Wed, 21 Jan 2026 14:31:02 +0000

COLUMBUS, OHIO — Hunter Advisors has negotiated the sale of the Renaissance Columbus Downtown Hotel, a 408-room property in downtown Columbus. JW Marriott Family Enterprises sold the hotel to Whitestone Cos. Robert Taylor and Sophia Pittaluga of Hunter brokered the sale. Situated at 50 N. Third St., the asset rises 22 stories and features 23,810 square feet of flexible meeting and event space across 18 meeting rooms, along with Latitude 41, Bar 41, an outdoor pool, fitness center and business center. The acquisition marks Whitestone’s third investment in Columbus over the last 10 months.

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Brennan Investment Group Buys 801,728 SF Industrial Portfolio in Metro Chicago, Milwaukee

Kristin Harlow — Wed, 21 Jan 2026 14:30:14 +0000

CHICAGO AND MILWAUKEE — Brennan Investment Group has acquired an 801,728-square-foot industrial portfolio located across the Chicagoland and Milwaukee markets. The portfolio is comprised of 13 shallow-bay industrial buildings with a diverse tenant mix and a weighted average lease term of more than four years. The Chicago submarkets include I-55, Lake County, Northern DuPage and Central Kane/I-88, while the Milwaukee properties are located within the Airport and Northwest submarkets. Brennan’s Midwest portfolio totals 28 million square feet.

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Palmer Square, Marquee Begin Pre-Leasing for Two Luxury Multifamily Communities in Kansas City

Kristin Harlow — Wed, 21 Jan 2026 14:29:46 +0000

KANSAS CITY, MO. — Developers Palmer Square Real Estate and Marquee Development have begun pre-leasing efforts for the first two luxury residential spaces within Current Landing, a waterfront development and mixed-use district in Kansas City. Applications for spring 2026 move-ins are now available for River’s Edge Residences and Confluence Residences. Willow Bridge Property Co. is handling property management and leasing. Current Landing is anchored by CPKC Stadium, the world’s first stadium purpose-built for a women’s professional sports team and home of the Kansas City Current. River’s Edge and Confluence offer immediate access to the Kansas City Streetcar’s new Riverfront Extension. River’s Edge places residents closer to the Missouri River than any other apartment community in Kansas City, according to the developers. The community offers a mix of studio, one- and two-bedroom residences along with a limited collection of two-story townhomes. Amenities include work-from-home spaces, a fitness center, spa, resident lounges, two amenity decks, a pool, outdoor kitchens and a putting green. Confluence offers studio, one- and two-bedroom apartments with direct access to public spaces, including Current Landing’s new town square. Amenities include a fitness center, work-from-home spaces, a clubroom, outdoor amenity deck and resort-style pool.

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Kiser Group Brokers $7M Sale of Skilled Nursing Facility in Metro Cleveland

Kristin Harlow — Wed, 21 Jan 2026 14:29:08 +0000

CLEVELAND — Kiser Group has brokered the sale of an 84-bed skilled nursing facility in a rural market east of Cleveland for $7 million. The property features 76 skilled nursing beds, five assisted living units and three independent living units. Situated on 26 acres, the community was built in 1950 and expanded through multiple additions between 1995 and 2001. At the time of sale, occupancy ranged between 70 and 80 percent. The buyer is a seasoned owner-operator with a large skilled nursing portfolio across the Midwest and a growing presence in Ohio. The buyer plans to implement strategic initiatives aimed at improving cash flow and enhancing overall performance. The seller was a family ownership group based in the Cleveland area. Mark Myers of Kiser brokered the sale.

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