Property Type Archives - REBusinessOnline

Marcus & Millichap Brokers Sale of 950-Unit Self-Storage Portfolio in Metro Fort Worth

Taylor Williams — Mon, 09 Nov 2026 16:07:23 +0000

SPRINGTOWN AND AZLE, TEXAS — Marcus & Millichap has brokered the sale of a portfolio of two self-storage facilities totaling 950 units in Springtown and Azle, both of which are located northwest of Fort Worth. The Springtown & Azle Storage Portfolio spans 150,980 net rentable square feet of space across more than 15 acres. Danny Cunningham and Brandon Karr of Marcus & Millichap represented the seller, a DFW-based, family-owned partnership, in the transaction and procured the buyer, an entity doing business as 10 Federal. The same buyer recently purchased the 359-unit KO Storage facility that is also located in Azle.

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Larkspur Capital Begins Leasing 219-Unit Multifamily Project in Dallas

Taylor Williams — Mon, 09 Nov 2026 16:02:05 +0000

DALLAS — Locally based developer Larkspur Capital has begun leasing The Juniper, a 219-unit multifamily project in Dallas. The site is located within a Qualified Opportunity Zone at 4003 Commerce St. in the Exposition Park area of Dallas. The site spans 1.4 acres, and the property feature studio, one- and two-bedroom units in addition to townhomes, penthouses and ground-floor retail space. Amenities include a pool, dog park, fitness center, multiple lounges, pickleball courts, outdoor grilling and dining stations and a clubhouse. Corgan designed the project, with Faulkner Design Group handling interior architecture. OHT Partners served as the general contractor. Rents start at roughly $1,600 per month for a studio apartment.

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Logistics Property Co. Breaks Ground on 217,758 SF Industrial Project in Metro Houston

Taylor Williams — Mon, 09 Nov 2026 15:40:04 +0000

MISSOURI CITY, TEXAS — Chicago-based owner-operator Logistics Property Co. has broken ground on a 217,758-square-foot industrial project in Missouri City, a southwestern suburb of Houston. The project will be the seventh building to be constructed within the 98-acre CityPark Logistics Center and is a build-to-suit for Standex GRID/Amran Instrument Transformers. Building features will include a cross-dock configuration, 32-foot clear heights and “ample” car and trailer parking. Powers Brown Architecture designed the project, and Burton Construction is serving as the general contractor. Pape Dawson is the civil engineer. Completion is slated for the second quarter of next year. Steve King and Wesley King of CBRE represented the tenant in the lease negotiations for Building 7. Beau Kaleel and Brooke Swerdlow of Cushman & Wakefield, along with internal agents Aaron Martell, Mark Redlingshafer and Wilson Goode, represented ownership.

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Lee & Associates Negotiates 87,730 SF Industrial Lease in Lewisville, Texas

Taylor Williams — Mon, 09 Nov 2026 15:35:21 +0000

LEWISVILLE, TEXAS — Lee & Associates has negotiated an 87,730-square-foot industrial lease in the northern Dallas suburb of Lewisville. The space is located within Building B of First Park 121, a six-building, 1.2 million-square-foot development. Adam Graham of Lee & Associates represented the tenant, Oh My Mahjong, in the lease negotiations. Mark Graybill, also with Lee & Associates, represented the landlord, Chicago-based REIT First Industrial Realty Trust.

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Berkadia Provides $219M in Agency Permanent Loan for Upper Manhattan Affordable Housing Community

Taylor Williams — Mon, 09 Nov 2026 15:29:10 +0000

NEW YORK CITY — Berkadia has provided a $219 million Fannie Mae permanent loan for the rehabilitation and preservation of Rangel Houses, a 984-unit affordable housing community in Upper Manhattan. Rangel Houses was originally built on 11 acres in 1951 as Colonial Park Houses and was renamed in 1977 in honor of tenant association president Ralph Rangel. Today, the community comprises eight high-rise buildings that are home to roughly 1,800 people. All units are reserved for households earning 80 percent or less of the area median income, with the majority (954 units) designated for “very low-income” residents. Rangel Houses also features playgrounds and open space, commercial space and specialized centers for seniors and children of varying ages. Matthew Baptiste and Heather Olson of Berkadia originated the financing in partnership with the New York City Housing Authority, the New York City Housing Development Corp. and Goldman Sachs on behalf of the owner, Genesis Cos. The loan was structured with a 15-year term, five years of interest-only payments and a 40-year amortization schedule.

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Marcus Partners Buys 155,000 SF Industrial Building in Salem, New Hampshire

Taylor Williams — Mon, 09 Nov 2026 15:22:40 +0000

SALEM, N.H. — Regional investment firm Marcus Partners has purchased a 155,000-square-foot industrial building in Salem, located near the Massachusetts-New Hampshire border. Completed on 16.4 acres in 2023, the building at 6 Industrial Way features a clear height of 40 feet and up to 28 dock-high doors. The building was partially leased to a local defense contractor at the time of sale, and CBRE will market the remainder of the space for lease. Marcus Partners acquired the building in an off-market transaction. The seller and sales price were not disclosed.

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IPA Negotiates Sale of 71-Unit Apartment Building in Pleasantville, New York

Taylor Williams — Mon, 09 Nov 2026 15:16:24 +0000

PLEASANTVILLE, N.Y. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of The Atwood, a 71-unit apartment building in Pleasantville, located about 30 miles north of New York City. Built in 2023, The Atwood exclusively offers one-bedroom units with an average size of 774 square feet and amenities such as a fitness center, lounge and a rooftop terrace. Eric Pentore, Victor Nolletti, Wes Klockner and John Horowitz of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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Marcus & Millichap Brokers $14.6M Sale of Shopping Center in Matawan, New Jersey

Taylor Williams — Mon, 09 Nov 2026 15:06:38 +0000

MATAWAN, N.J. — Marcus & Millichap has brokered the $14.6 million sale of Park Plaza, a 61,750-square-foot shopping center in the Northern New Jersey community of Matawan. The center was built on 5.8 acres in 1986 and comprises 20 suites. Seth Goldberg, Brent Hyldahl and Alan Cafiero of Marcus & Millichap exclusively marketed the property on behalf of the seller, and procured the buyer, both private investors from New Jersey.

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Walker & Dunlop Arranges $110M Financing for Multifamily Community in Franklin, Tennessee

Abby Cox — Mon, 09 Nov 2026 14:40:57 +0000

FRANKLIN, TENN. — Walker & Dunlop has arranged $110 million in financing for the acquisition of Wyndchase Aspen Grove, a 560-unit multifamily community located in Franklin, a southern suburb of Nashville. Allan Edelson, Justin Nelson, Jeremy Seid, Joe Tarantino and PJ Feichtmeier of Walker & Dunlop secured the floating-rate, interest-only loan through Wells Fargo on behalf of the borrower, an unnamed institutional client. Wyndchase Aspen Grove spans 30 residential buildings and features one-, two- and three-bedroom floorplans averaging 1,091 square feet in size. Amenities at the community, which is complemented by more than 60 acres of green space, include two swimming pools with sundecks, a 24-hour fitness center, clubhouse with a game room, outdoor gathering areas, grilling stations, cybercafé, playground, dog park and a pet wash station.

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Newmark Arranges Sale of Golden Triangle Logistics Center in North Las Vegas

Amy Works — Mon, 09 Nov 2026 14:40:28 +0000

NORTH LAS VEGAS, NEV. — Newmark has brokered the sale of Golden Triangle Logistics Center, a Class A industrial portfolio in North Las Vegas. Washington Capital sold the asset to Clarion Partners for an undisclosed price. Andrew Briner and Ken White of Newmark represented the seller, while Kevin Shannon of Newmark provided executive oversight for the transaction. Totaling 1.3 million square feet, Golden Triangle Logistics Center consists of three distribution facilities located at 2555, 2815 and 3375 E. Washburn Road. Spanning 64.5 acres, the asset features 36- to 37-foot clear heights, ESFR sprinkler systems, expansive truck courts, 189 dock-high loading positions and a sizable, secured trailer storage yard. At the time of sale, the property was 84 percent leased. The asset offers access to I-15 and the Clark County 215 Beltway.

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Blue Steel Acquires 309 Acres Near Louisville, Plans 1.8 MSF Industrial Project

Abby Cox — Mon, 09 Nov 2026 14:39:39 +0000

SHELBYVILLE, KY. — Lakeland, Fla.-based Blue Steel Development has acquired 309 acres in Shelbyville, about 36 miles east of Louisville via I-64, with plans to build a nearly 1.8 million-square-foot industrial project dubbed Steel 64. The development will comprise two buildings spanning 1.4 million square feet and 362,909 square feet, respectively. Construction is slated to begin this quarter, with delivery anticipated for the fourth quarter of 2027. Steel 64, which will be designed to accommodate a range of distribution, logistics and manufacturing users, will include 40-foot and 36-foot clear heights, a dedicated trailer drop yard adjacent to Building 1 and double-row trailer parking for Building 2. The project team includes Horton, Harley & Carter, Inc. (architect), Land Design & Development Inc. (civil engineer), The Conlan Co. (general contractor) and CBRE (leasing). David Collie and Josh Tarpley of BWE arranged construction financing through Protective Life Insurance Co.

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RED Development Receives $69.3M Refinancing for Offices at The Grove in Phoenix

Amy Works — Mon, 09 Nov 2026 14:39:25 +0000

PHOENIX — RED Development has obtained $69.3 million in refinancing for The Offices at The Grove, a Class AA office building in Phoenix. Kevin Mackenzie, Jason Carlos and Frank Chums of JLL Debt Advisory team arranged the five-year, fixed-rate loan with PGIM’s real estate investment group for the borrower. The financing collateral consisted of the office building, Pyro restaurant, two retail spaces and an underground parking facility. Completed in fourth-quarter 2022, The Offices at The Grove features 185,536 square feet of fully leased office space. Current tenants include JPMorgan Chase, Clayco, First Solar, JLL, PwC, Caterpillar and Aon. The property offers best-in-class amenities, including a rooftop pickleball court and pavilion, first-floor dining with Pyro (a Japanese izakaya bistro by Flagship Restaurant Group), views of Camelback Mountain and 631 parking spaces in shared structured parking.

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Arrow Real Estate Secures $16.9M in Acquisition Financing for Industrial Facility in Anniston, Alabama

Abby Cox — Mon, 09 Nov 2026 14:37:38 +0000

ANNISTON, ALA. — Arrow Real Estate Advisors has arranged $16.9 million in acquisition financing for a 559,900-square-foot industrial facility located in the eastern-central Alabama city of Anniston. Morris Betesh, Omar Ferreira, Jonah Schultz and Zac Cornell of Arrow Real Estate secured the loan through Wells Fargo on behalf of the borrower, Tampa-based BlueLedge Group. Situated at 100 National Drive along the I-20 corridor, the industrial facility includes 41 dock-high and 18 drive-in loading doors and was fully leased at the time of sale to an undisclosed third-party logistics operator.

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Northmarq Negotiates Sale of 350-Unit Apartment Community in Greenville, South Carolina

Abby Cox — Mon, 09 Nov 2026 14:36:10 +0000

GREENVILLE, S.C. — Northmarq has negotiated the sale of South Ridge, a 350-unit apartment community located at 823 S. Church St. in Greenville. Andrea Howard, John Currin, Austin Jackson, Jeff Glenn and James Dorsett of Northmarq represented the seller, Bethesda, Md.-based Railfield Realty, in the transaction. Houston-based The Dinerstein Cos. acquired the property for an undisclosed price. David Vinson, Faron Thompson and Grant Harris, also with Northmarq, secured a three-year bridge loan through AllianceBernstein on behalf of the borrower. Delivered in 2015, South Ridge comprises six residential buildings and is situated on approximately 8.7 acres. The community offers studio, one-, two- and three-bedroom floorplans and includes a mix of amenities such as a saltwater swimming pool, fitness center, resident sky lounge, outdoor entertaining areas and structured parking. South Ridge also features 14,658 square feet of ground-floor retail space occupied by Biscuit Head, Shred415, Mix Salon Studios and Strayer University.

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TruAmerica Multifamily Breaks Ground on 154-Unit Townhome Community in Santa Clarita, California

Amy Works — Mon, 09 Nov 2026 14:24:59 +0000

SANTA CLARITA, CALIF. — TruAmerica Multifamily has broken ground River Walk Townhomes, an apartment community in Santa Clarita. TruAmerica acquired the 10-acre site at 18300 Soledad Canyon Road in August 2026 and recently closed on construction financing for the development. First Citizens Bank & Trust Co. provided the financing. Jim Fisher of Northmarq represented the buyer and seller on the land purchase. David Pelaia of JLL arranged the construction loan. River Walk will feature 144 two-story, three-bedroom townhomes and 10 affordable apartments, providing a mix of market-rate and attainable rental housing options. Additionally, the community will feature 8,500 square feet of commercial and retail space. The first townhomes and community spaces are slated for delivery in spring 2028, with full completion scheduled for fall 2028. The community will feature a clubhouse with a fitness center and resident lounge, as well as a pool and spa, tot lot, dog park and outdoor barbecue patios.

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Cabot Properties Buys 5.4-Acre Industrial Development Site in Los Angeles

Amy Works — Mon, 09 Nov 2026 14:23:00 +0000

LOS ANGELES — Cabot Properties has purchased a 5.4-acre site at 19701 Hamilton Ave. in Los Angeles’ South Bay submarket from a Brookfield-backed fund for an undisclosed price. The asset is fully entitled and permit-ready for the development of a 122,533-square-foot industrial facility designed to accommodate a wide range of manufacturing, warehouse and distribution uses. Brookfield’s BGRE operating team secured the entitlements. The property is also set within a federally designated Opportunity Zone. Chad Solomon, Patrick Nally, Makenna Peter, Shae Vomund, Zac Sakowski and Brianne Demus of JLL represented the seller in the transaction.

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LogiPropCo to Build 1.3 MSF Industrial Facility in Joliet, Illinois

Kristin Harlow — Mon, 09 Nov 2026 14:10:18 +0000

JOLIET, ILL. — Logistics Property Co. LLC (LogiPropCo) has purchased a 74-acre site at 23960 S. Houbolt Road in Joliet. Located in the I-80 corridor, the site offers immediate proximity to BNSF’s Logistics Park Chicago Intermodal and Union Pacific’s Global 4 Intermodal Terminal. Construction will commence in spring 2027. When complete, the project will total 1.3 million square feet and feature a clear height of 40 feet, cross-dock loading and ample car and trailer parking. Through the Houbolt Road extension, the site also has direct access to I-55 and I-80. Ben Fish and Vince Pergande of LogiPropCo worked with Ryan Klink of Cushman & Wakefield on the transaction. Klink, alongside colleagues Jason West and Sean Henrick, will serve as the project’s leasing representatives. The spec building, also available as a build-to-suit, is expected to deliver in spring 2028. Architects Plus Design is the project architect, and Jacob & Hefner Associates is the civil engineer.

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MMCC Arranges $34M in Financing for Wisconsin Multifamily Property

Kristin Harlow — Mon, 09 Nov 2026 14:09:23 +0000

STEVENS POINT, WIS. — Marcus & Millichap Capital Corp. (MMCC) has arranged $34 million in financing for North Side Yard, a newly developed multifamily property with 213 units in Stevens Point. Robert Bhat of MMCC secured the loan through a national bank on behalf of a private client. The five-year, nonrecourse loan features a 75 percent loan-to-value ratio, five years of interest-only payments and a 6.8 percent interest rate. North Side Yard is a three-building complex with ground-floor retail and office suites. The property offers studio, one- and two-bedroom units.

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Jonathan Rose, COF to Undertake $32.8M Rehabilitation of Ohio Seniors Housing Community

Kristin Harlow — Mon, 09 Nov 2026 14:08:28 +0000

ASHTABULA, OHIO — Jonathan Rose Cos. and Community Opportunity Fund (COF) have unveiled plans for a $32.8 million rehabilitation of Ashtabula Towers, a 202-unit affordable seniors housing community in Ashtabula. The property was developed in the 1970s. the renovation will address building systems, resident amenities and in-unit improvements. The project will preserve access to affordable housing for households earning up to 60 percent of the area median income, while existing Section 8 affordability commitments will be extended for an additional 20 years. KeyBank Community Development Lending and Investment is serving as both investor and permanent lender, with additional financing provided through tax-exempt bonds issued by the Ashtabula City Port Authority and tax credits allocated by the Ohio Finance Agency. COF secured a $3.9 million Community Project Funding grant, which will fund upgrades to the building’s heating and cooling systems.

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Newmark Brokers Sale of 79,540 SF Industrial Building in Aurora, Illinois

Kristin Harlow — Mon, 09 Nov 2026 14:06:46 +0000

AURORA, ILL. — Newmark has brokered the sale of a 79,540-square-foot industrial building located at 3615 Exchange Ave. in Aurora. Corey Chase of Newmark arranged the sale. Situated within Meridian Business Park, the property sits on 4 acres and offers convenient access to I-88. The buyer plans to utilize the facility to support the expansion of its U.S. operations, using the property for warehousing, storage and distribution. The seller was a private entity.

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