Property Type Archives - REBusinessOnline

Mark IV Capital Receives $86M Construction Loan for Metro Austin Mixed-Use Project

Taylor Williams — Fri, 27 Feb 2026 15:56:19 +0000

ROUND ROCK, TEXAS — California-based Mark IV Capital has received an $86 million construction loan for Phase I of The District, a mixed-use project that will be located in the northern Austin suburb of Round Rock. The site is adjacent to the headquarters campus of Dell, and Phase I of The District will feature a 316-unit apartment complex with 23,042 square feet of ground-floor retail and restaurant space. Units will come in studio, one- and two-bedroom floor plans, and amenities will include a pool, fitness center, clubhouse lounge and outdoor entertainment spaces. Phase I will also include a 40,750-square-foot food-and-beverage plaza that will comprise six buildings with tenant spaces ranging in size from 1,500 to 11,750 square feet. Completion of Phase I is slated for early 2028. George Smith Partners arranged the financing through BDT & MSD Partners and an affiliate of global private equity firm Apollo.

The post Mark IV Capital Receives $86M Construction Loan for Metro Austin Mixed-Use Project appeared first on REBusinessOnline.

Modular Power Solutions Signs 435,680 SF Industrial Lease in North Houston

Taylor Williams — Fri, 27 Feb 2026 15:46:09 +0000

HOUSTON — Modular Power Solutions has signed a 435,680-square-foot industrial lease in North Houston. The provider of electrical solutions for the data center industry will occupy the entirety of Maverick Distribution Center, a newly built, 26-acre development that is adjacent to George Bush Intercontinental Airport. Building features include a cross-dock configuration, 40-foot clear heights, 185-foot truck court depths and “generous” car and trailer parking allotments. Mac Hall, Tyler Maner and Abraham Richardson of Stream Realty Partners represented the tenant in the lease negotiations. Kevin Wyatt and Robert Willard represented the landlord, Dallas-based Lincoln Property Co., on an internal basis.

The post Modular Power Solutions Signs 435,680 SF Industrial Lease in North Houston appeared first on REBusinessOnline.

Marcus & Millichap Brokers Sale of 144-Unit Apartment Complex in San Antonio

Taylor Williams — Fri, 27 Feb 2026 15:38:47 +0000

SAN ANTONIO — Marcus & Millichap has brokered the sale of The Annex, a 144-unit apartment complex located about five miles southwest of downtown San Antonio. Built in 1969 and recently renovated, The Annex offers studio, one-, two- and three-bedroom units on a 6.6-acre site. Ben Kalter, Drew Garza and Will Balthrope of Marcus & Millichap brokered the sale, and John Brickson of Marcus & Millichap Capital Corp. provided acquisition financing for the deal. The buyer and seller were not disclosed.

The post Marcus & Millichap Brokers Sale of 144-Unit Apartment Complex in San Antonio appeared first on REBusinessOnline.

Brio Direct Signs 21,075 SF Industrial Lease Expansion, Renewal in Fort Worth

Taylor Williams — Fri, 27 Feb 2026 15:32:58 +0000

FORT WORTH, TEXAS — Brio Direct Marketing Inc. has signed a 21,075-square-foot industrial lease expansion in Fort Worth. The provider of mail marketing services also renewed its existing lease within Riverbend Business Park, a 32-building, 1.4 million-square-foot development. Grayson Fleitz and Matt Carthey of Holt Lunsford Commercial represented the landlord, Riverbend Properties, in the lease negotiations. The tenant was self-represented.

The post Brio Direct Signs 21,075 SF Industrial Lease Expansion, Renewal in Fort Worth appeared first on REBusinessOnline.

Newmark Arranges $51.8M Acquisition Loan for Stamford Office Building

Taylor Williams — Fri, 27 Feb 2026 15:24:49 +0000

STAMFORD, CONN. — Newmark has arranged a $51.8 million acquisition loan for Metro Center, a 282,589-square-foot office building in the southern coastal Connecticut city of Stamford. Metro Center was originally built in 1987 and has undergone more than $12 million in recent capital improvements. Tenants include law firm Robinson + Cole and Roth Capital. Christopher Kramer, Chris Lozinak and Jordan Roeschlaub of Newmark arranged the loan through Knighthead Funding on behalf of the new owner, local investment firm HB Nitkin Group. Newmark also represented the undisclosed seller in the disposition of the building and has been retained as the leasing agent.

The post Newmark Arranges $51.8M Acquisition Loan for Stamford Office Building appeared first on REBusinessOnline.

CBRE Brokers Sale of 945,000 SF Office Park in Norwalk, Connecticut

Taylor Williams — Fri, 27 Feb 2026 14:59:35 +0000

NORWALK, CONN. — CBRE has brokered the sale of a four-building, 945,000-square-foot office park in the southern coastal Connecticut city of Norwalk. The buildings are part of a larger, six-building development known as Merritt 7, which houses the headquarters of companies such as Xerox, Terex, Emcor, Hearst Connecticut Media Group, Common Fund, Datto/Kaseya, MBI and LBB Specialties. Jeff Dunne, Steven Bardsley and Travis Langer of CBRE represented the seller, an entity doing business as Merritt 7 Venture LLC, in the transaction. The duo also procured the buyer, New York-based Argent Ventures.

The post CBRE Brokers Sale of 945,000 SF Office Park in Norwalk, Connecticut appeared first on REBusinessOnline.

Marcus & Millichap Negotiates Sale of 420-Unit Affordable Housing Complex on Long Island

Taylor Williams — Fri, 27 Feb 2026 14:19:45 +0000

HEMPSTEAD, N.Y. — Marcus & Millichap has negotiated the sale of Jackson Terrace Apartments, a 420-unit affordable housing complex located in the Long Island community of Hempstead. The six-story building was originally constructed in 1972. Michael Tuccillo of Marcus & Millichap represented the buyer, an affiliate of Hudson Valley Property Group, in the transaction. The seller was self-represented. The new ownership plans to invest about $23 million to upgrade unit interiors, building exteriors and mechanical/utility systems as a means of preserving long-term affordability.

The post Marcus & Millichap Negotiates Sale of 420-Unit Affordable Housing Complex on Long Island appeared first on REBusinessOnline.

NewMark Merrill-Led Partnership to Develop 297,363 SF Retail Center in Victorville, California

Amy Works — Fri, 27 Feb 2026 14:13:09 +0000

VICTORVILLE, CALIF. — NewMark Merrill Cos., in partnership with World Premier Investments and R.Y. Properties, has received entitlements to develop Desert Sky Plaza II, a 30-acre shopping center at the southeast corner of Roy Rogers Drive and Amargosa Road in Victorville. NewMark Merrill is slated to break ground on the project in the second quarter of 2026 with the opening planned for fall 2027. Designed by Architects Orange and Kimley-Horn, Desert Sky Plaza II will be the second phase of the existing Desert Sky Plaza, which is anchored by The Home Depot. The new phase, anchored by Target and Burlington, will offer 297,363 square feet of retail space. Desert Sky Plaza is roughly 70 percent pre-committed but still has availability for tenants ranging from 1,500 square feet to 25,000 square feet. Greg Giacopuzzi and Darren Bovard of NewMark Merrill are overseeing leasing at the center.

The post NewMark Merrill-Led Partnership to Develop 297,363 SF Retail Center in Victorville, California appeared first on REBusinessOnline.

STRO, KRE to Develop 65,000 SF Industrial Project in Parsippany, New Jersey

Taylor Williams — Fri, 27 Feb 2026 14:12:10 +0000

PARSIPPANY, N.J. — A partnership between two New Jersey-based firms, The STRO Cos. and Kushner Real Estate (KRE) will develop a 65,000-square-foot industrial project in Parsippany, about 30 miles west of New York City. The building at 3 Century Drive will offer 36-foot clear heights, 10 dock doors, one drive-in door and divisibility to 32,000 square feet. Vertical construction is underway, and completion is slated for the fall. Resource Realty is the leasing agent.

The post STRO, KRE to Develop 65,000 SF Industrial Project in Parsippany, New Jersey appeared first on REBusinessOnline.

PEG Cos. Opens 168-Room AC Hotel Scottsdale Old Town in Arizona

Amy Works — Fri, 27 Feb 2026 14:10:20 +0000

SCOTTSDALE, ARIZ. — PEG Cos., as developer, co-owner and manager, has opened AC Hotel Scottsdale Old Town, a six-story AC Hotels by Marriott asset at 7117 E. 3rd Ave. in Scottsdale. The hotel features 168 guest rooms, the brand’s signature AC Lounge and AC Kitchen, a 24/7 fitness center, rooftop pool and purpose-designed meeting and event rooms. The property also features a three-level underground parking garage and pet-friendly accommodations for guests traveling with small dogs up to 50 pounds. Additionally, Cielito, a rooftop bar and restaurant developed in collaboration with The Wayfaring Group, features 70 seats.

The post PEG Cos. Opens 168-Room AC Hotel Scottsdale Old Town in Arizona appeared first on REBusinessOnline.

JLL Arranges $37M Refinancing for Ambiente Hotel in Sedona, Arizona

Amy Works — Fri, 27 Feb 2026 14:07:42 +0000

SEDONA, ARIZ. — JLL Hotels & Hospitality Group has arranged $37 million in nonrecourse refinancing for Ambiente, an adults-only luxury hotel in Sedona. Adrienne Andrews and Jessica Mehra of JLL secured the refinancing through a debt fund. The transaction provides a significant cash-out component, recapitalizing the asset for continued operations and future growth. Located at 900 W. State Route 89A, Ambiente features 40 glass guest atriums on a 3-acre site. The accommodations feature floor-to-ceiling windows, private rooftop decks with fireplaces and curated interior finishes. Onsite amenities include Forty1 restaurant, Velvet Spa and 600 square feet of event space. The landscape hotel is one of Arizona’s only two Michelin Key hotels.

The post JLL Arranges $37M Refinancing for Ambiente Hotel in Sedona, Arizona appeared first on REBusinessOnline.

Walker & Dunlop Arranges $80M Loan for Multifamily Development on Miami’s Bay Harbor Islands

Abby Cox — Fri, 27 Feb 2026 14:07:13 +0000

MIAMI — Walker & Dunlop has arranged $80 million in construction financing for 10290 East Bay Harbor Drive, a luxury multifamily development on Bay Harbor Islands in Miami. Adam Schwartz, Jonathan Schwartz, Aaron Appel, Keith Kurland, Sean Reimer, Michael Diaz and Michael Ianno of Walker & Dunlop arranged the floating-rate, interest-only loan through New York-based Madison Realty Capital on behalf of the borrower, Clara Homes. 10290 East Bay Harbor Drive is the third apartment complex located within a three-phased master-planned development on Bay Harbor Islands. The six-story apartment building will total 250,000 square feet with 77 units, according to South Florida Business Journal, bringing Clara Homes to 150 luxury apartments on the Bay Harbor Islands. Amenities at the complex will include a rooftop swimming pool with panoramic views, fitness center and an outdoor yoga studio. 10290 East Bay Harbor Drive is also situated near Bal Harbour Shops, which is currently undergoing a $550 million redevelopment.

The post Walker & Dunlop Arranges $80M Loan for Multifamily Development on Miami’s Bay Harbor Islands appeared first on REBusinessOnline.

Marcus & Millichap Brokers Sale of 33,055 SF Mixed-Use Property in San Diego’s La Jolla Neighborhood

Amy Works — Fri, 27 Feb 2026 14:04:59 +0000

SAN DIEGO — Marcus & Millichap has arranged the sale of Prospect Square at La Jolla Village, a mixed-use property located in San Diego’s La Jolla submarket. 1025 Prospect LLC sold the asset to 1025 Associates LLC & Wedge 3.0 LLC for $10.3 million. Nick Totah of Marcus & Millichap represented the seller, while Ross Sanchez of Marcus & Millichap represented the buyers in the deal. Located at 1025 Prospect St., Prospect Square at La Jolla Village features 33,055 square feet of ground-floor and second-floor retail and restaurant space, third-floor office space and a three-story subterranean parking garage. Current tenants include Cody’s Restaurant, Beeside Balcony, The Agency, Arjang Fine Art, Blueprint Equity and Patient Partner. Originally built in 1984, the property was renovated in 2022 and 2024.

The post Marcus & Millichap Brokers Sale of 33,055 SF Mixed-Use Property in San Diego’s La Jolla Neighborhood appeared first on REBusinessOnline.

JCCG Underway on 250-Unit Build-to-Rent Community in Loxley, Alabama

Abby Cox — Fri, 27 Feb 2026 14:04:26 +0000

LOXLEY, ALA. — Jim Chapman Construction Group (JCCG) is underway on the construction of The Cottages at Loxley, a 250-unit build-to-rent residential community located in Loxley, a city in Alabama’s Baldwin County. The firm broke ground on the project in January, with vertical construction slated to begin later this year. Situated on roughly 51 acres along I-10, The Cottages at Loxley will comprise single-family rental homes ranging in size from 1,000 to 1,493 square feet, featuring open-concept layouts and attached private garages. Planned amenities will include a clubhouse, swimming pool, fitness center, onsite property management and 24-hour emergency maintenance. The community is designated to serve families within the Baldwin County Public Schools system, including Loxley Elementary School, Central Baldwin Middle School and Robertsdale High School.

The post JCCG Underway on 250-Unit Build-to-Rent Community in Loxley, Alabama appeared first on REBusinessOnline.

Thompson Thrift to Develop 300-Unit Multifamily Community in Dacula, Georgia

Abby Cox — Fri, 27 Feb 2026 14:03:20 +0000

DACULA, GA. — Indiana-based Thompson Thrift will develop Lineage, a 300-unit multifamily project in Dacula, an Atlanta suburb in Gwinnett County. The development will be capitalized with equity from Thompson Thrift’s 2026 Multifamily Development LP fund, while PNC Bank will provide construction financing for the project. Lineage marks Thompson Thrift’s 100th multifamily community to be developed nationwide. Spanning nearly 15 acres at the Harbins Road and Ga. State Route 316 interchange, Lineage will comprise four-story buildings with one-, two- and three-bedroom floorplans. Select homes will feature private patio, balcony and yard options, as well as detached garages, high-speed internet access and an Amazon package hub. Amenities will include a golf simulator, swimming pool, fitness center, pickleball court, lounges, coworking and conference space, a dog park, pet spa, outdoor firepits and grilling areas, event space and landscaped courtyards. Additionally, more than 9,500 square feet of street-level retail space will be designed with outdoor seating, “play” space and a designated area for outdoor concerts.

The post Thompson Thrift to Develop 300-Unit Multifamily Community in Dacula, Georgia appeared first on REBusinessOnline.

SRS Negotiates $3.5M Ground Lease Sale of Chick-fil-A-Leased Restaurant in Leesburg, Florida

Abby Cox — Fri, 27 Feb 2026 14:02:25 +0000

LEESBURG, FLA. — SRS Real Estate Partners has negotiated the $3.5 million ground lease sale of a restaurant property located at 9925 US-441 in Leesburg, about 45 miles northwest of Orlando. Chick-fil-A occupies the 4,935-square-foot building, which was built in 2024, on a corporate-guaranteed, absolute triple-net ground lease with 13 years remaining on the initial term. Patrick Nutt and William Wamble of SRS represented the seller, a national investor and developer, in the transaction. The 1031 exchange buyer was a Brooklyn, N.Y.-based private investor. Both parties requested anonymity.

The post SRS Negotiates $3.5M Ground Lease Sale of Chick-fil-A-Leased Restaurant in Leesburg, Florida appeared first on REBusinessOnline.

UM-Board of Regents Approves $143M Behavioral Health, Ambulatory Surgery Centers in Lansing

Kristin Harlow — Fri, 27 Feb 2026 14:02:12 +0000

LANSING, MICH. — The University of Michigan Board of Regents has approved two projects for mental health resources and certain surgical procedures in mid-Michigan. UM Health-Sparrow is building a behavioral health hospital and an ambulatory surgery center in Lansing. Groundbreakings are scheduled this summer, with plans to open each facility in 2028. The behavioral health hospital will be located in a park-like setting. The building is slated for vacant UM Health-Sparrow-owned property behind the Lansing hospital near Pennsylvania Avenue and Jerome Street. The 64-bed, $83 million facility will serve adult, geriatric, child and adolescent patients. UM-Health is collaborating with Sheppard Pratt, the nation’s largest private, nonprofit provider of behavioral health/substance abuse services, to manage the new hospital and behavioral health services. The $60 million UM Health-Sparrow Lansing Ambulatory Surgery Center will be located west of the Lansing hospital near Michigan and Pennsylvania avenues. The outpatient facility will feature four operating rooms at the start, with options to expand. The new surgery center will care for patients currently undergoing procedures at the 100-year-old St. Lawrence campus and will handle some cases currently performed at the Lansing hospital. Cardiac patients will also benefit from a new MRI planned for the facility.

The post UM-Board of Regents Approves $143M Behavioral Health, Ambulatory Surgery Centers in Lansing appeared first on REBusinessOnline.

Maverick, American Mortgage Arrange Construction Financing for $26M Condo Project in Indiana

Kristin Harlow — Fri, 27 Feb 2026 14:01:06 +0000

BLOOMINGTON, IND. — Maverick Commercial Mortgage and American Mortgage & Realty have arranged construction financing for ONE15 Lofts on Kirkwood, a $26 million condominium project in Bloomington. First Farmers Bank & Trust provided the 36-month loan, which features interest-only payments. Construction is underway on the project, which is developed by Randy Lloyd of Clearpath Services. The development site at 115 E. Kirkwood Ave. was formerly a surface parking lot adjacent to CVS and directly across from the historic Buskirk-Chumley Theater. The five-story project will feature 17 luxury condominiums, 90 percent of which are pre-sold. Units will range from 1,600 to over 4,000 square feet. The first two floors will feature a new restaurant concept by Cassady’s, the owners of Uptown Café. The project team includes Kunkel Design Group, Genesis Build and interior designer Lindsay Taylor Bell. Kerry Feigenbaum of FC Tucker/Bloomington Realtors is handling residential sales. Completion is slated for 2027.

The post Maverick, American Mortgage Arrange Construction Financing for $26M Condo Project in Indiana appeared first on REBusinessOnline.

Interra Realty Negotiates $11.7M Sale of Chicago Apartment Building

Kristin Harlow — Fri, 27 Feb 2026 13:49:49 +0000

CHICAGO — Interra Realty has negotiated the $11.7 million sale of a 46-unit apartment building located at 4400 S. Drexel Blvd. in Chicago’s Kenwood neighborhood. Lucas Fryman of Interra represented the buyer and seller, whom Interra represented during the initial 2020 acquisition. The property was 91 percent occupied at the time of sale, and every resident holds a Housing Choice Voucher administered through the Chicago Housing Authority. Built in 1924, the courtyard-style building features predominantly two-bedroom units. Recent renovations reconfigured floor plans to maximize livable square footage without increasing unit count. Residences also received upgraded finishes, individual HVAC systems, dishwashers and in-unit laundry.

The post Interra Realty Negotiates $11.7M Sale of Chicago Apartment Building appeared first on REBusinessOnline.

SVN Chicago Commercial Brokers $9M Sale of Shopping Center in Hoffman Estates, Illinois

Kristin Harlow — Fri, 27 Feb 2026 13:48:51 +0000

HOFFMAN ESTATES, ILL. — SVN Chicago Commercial has brokered the $9 million sale of Barrington Square Town Center, a 101,769-square-foot shopping center situated on 11 acres in Hoffman Estates. The transaction marks the first time the property has traded hands since 1979. Wayne Caplan and Al Lindeman of SVN Chicago represented the Dutch-based ownership group, Depa Holding Co., along with its U.S. partner, Caruso Development Corp. Harris Ali of Sky High Real Estate represented the buyer, a local investment group. The center on West Higgins Road is adjacent to a 7.2-acre site slated to be developed as Grand Reserve of Hoffman Estates, a 330-unit luxury apartment development. The property is nearly fully leased and traded at a cap rate of 9 percent.

The post SVN Chicago Commercial Brokers $9M Sale of Shopping Center in Hoffman Estates, Illinois appeared first on REBusinessOnline.