Property Type Archives - REBusinessOnline

Rockspring Underway on 254-Acre Mixed-Use Development in Marble Falls, Texas

Taylor Williams — Tue, 28 Jul 2026 14:44:12 +0000

MARBLE FALLS, TEXAS — Rockspring, a Houston-based development and investment firm, is underway on The Highlands, a 254-acre mixed-use development in Marble Falls, about 50 miles northwest of Austin. Plans for the master-planned community currently call for an array of residential uses, including single-family homes, apartments and townhomes, as well as commercial space and parks/open green spaces. Rockspring has closed on a $28.2 million construction loan and is in the process of finalizing a public infrastructure development bond with the City of Marble Falls to finance predevelopment and sitework, costs of which are projected to exceed $70 million.

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Core Spaces Breaks Ground on 1,656-Bed Student Housing Development Near University of Georgia

John Nelson — Tue, 28 Jul 2026 14:36:58 +0000

ATHENS, GA. — Core Spaces has broken ground on Hub Athens Dougherty, a 1,656-bed student housing development located near the University of Georgia campus in Athens. The community will offer 536 units in studio through five-bedroom configurations. Shared amenities will include study lounges, group study rooms, fitness and wellness areas and a resort-style rooftop pool. Core Spaces is partnering with Athens-Clarke County on several public benefit initiatives as part of the development, including a 400-space public parking deck; 16,000 square feet of retail space; the addition of water/sewer infrastructure that will facilitate new affordable housing development; enhanced streetscapes; the preservation and revitalization of the existing historic Foundry building; the relocation and reconstruction of the historic Hoyt House; and the addition of a new public plaza. The development team for the project — which is scheduled for completion in 2028 — includes Mallory & Evans, JNS Realty, Northworks Architects, Studio BNA and Harken Interiors. Construction is being led by a joint venture between Core Spaces and Juneau Construction Co. TSB Capital Partners arranged an undisclosed amount of construction financing for Core Spaces through Affinius Capital.

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JLL Arranges Sale of 2.4 MSF Industrial Portfolio in Florida, Georgia

John Nelson — Tue, 28 Jul 2026 14:33:45 +0000

MIAMI — JLL has arranged the sale of a three-property industrial portfolio spanning 2.4 million square feet in Florida and Georgia. EQT Real Estate purchased the portfolio from the undisclosed seller. The sales price was also not disclosed. The properties in the portfolio include a 605,412-square-foot facility in Lakeland, Fla., an 817,680-square-foot property in Jacksonville and a 1 million-square-foot building in Pooler, Ga., a suburb of Savannah. Built in 2015 on average, the fully leased properties feature 34-foot average clear heights and a variety of dock configurations. John Huguenard, Trent Agnew, Will McCormack, Cole Johnston, Tara Hagerty, Britton Burdette, Luis Castillo, Pete Pittroff, Jim Freeman, Cody Brais and Dave Andrews of JLL represented the seller in the transaction.

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Gilbane Development Breaks Ground on 756-Bed Student Housing Project in Norman, Oklahoma

Taylor Williams — Tue, 28 Jul 2026 14:31:55 +0000

NORMAN, OKLA. — Gilbane Development has broken ground on a 756-bed student housing project in Norman, home of the University of Oklahoma. The 33-acre site is located less than a mile from the university’s campus, and the community will feature 298 units in addition to a landscaped open-space amenity area and onsite parking. Gilbane is developing the project in partnership with California-based Coleraine Capital Group. Santander Bank and Fifth Third Bank are financing construction, which is expected to be complete in time for the fall 2028 semester.

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IPA Brokers $23.1M Sale of Publix-Anchored Shopping Center in Alexander City, Alabama

John Nelson — Tue, 28 Jul 2026 14:28:35 +0000

ALEXANDER CITY, ALA. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the $23.1 million sale of The Gateway at Lake Martin, a grocery-anchored shopping center in east-central Alabama. Built in 2024, the 93,352-square-foot center is situated on a 22-acre site at the intersection of U.S Highway 280 and Ala. Highway 63 in Alexander City. The Gateway at Lake Martin’s tenant roster includes Publix, Marshalls, Starbucks, Rack Room Shoes and Five Below, as well as four outparcels that were not part of the transaction. Zach Taylor of IPA’s Atlanta office, along with Robby Pfeiffer and Eric Abbott of Marcus & Millichap, represented the seller, a repeat developer of Publix-anchored shopping centers, in the transaction. Eddie Greenhalgh served as Marcus & Millichap’s broker of record in Alabama. Anita Paryani and David Fierroz of IPA Capital Markets arranged an undisclosed amount of acquisition financing for the buyer, an entity doing business as Calhoun Shores LLC, which purchased the center along with a grocery store in Naples, Fla., leased to Sprouts Farmers Market. David Weinberg, Jacob Keith, Greenhalgh and Ryan Nee of Marcus & Millichap procured the buyer along with Scott Sutphin of Jet Properties.

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Tremont Realty Capital Provides $22.7M Loan for Refinancing of Metro Houston Healthcare Property

Taylor Williams — Tue, 28 Jul 2026 14:28:19 +0000

SUGAR LAND, TEXAS — Tremont Realty Capital, a division of Boston-based investment firm RMR Group, has provided a $22.7 million loan for the refinancing of Sugar Land Medical Plaza, a 120,000-square-foot healthcare property located on the southwestern outskirts of Houston. Colliers arranged the loan on behalf of the sponsor, a partnership between Harrison Street and Pinecroft Realty. Tremont funded the loan, which was structured with a three-year initial term and two one-year extension options, through its affiliate, Seven Hills Realty Trust (NASDAQ: SEVN).

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Northmarq Negotiates $5.6M Sale of Multifamily Community in Lexington, South Carolina

John Nelson — Tue, 28 Jul 2026 14:22:18 +0000

LEXINGTON, S.C. — Northmarq has negotiated the $5.6 million sale of Sweetbriar Apartments, a 48-unit community located at 200 Libby Lane in Lexington, a suburb of Columbia, S.C. The garden-style property was built in 1988 and includes one- and two-bedroom layouts. Charis Capital purchased the property from InterMark Management Corp. Dane Lozier, Ron Corrao, Eric Liebich, Scott Fuller and Matthew Weinstein led the Northmarq team in representing the seller in the transaction.

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Palo Duro Commercial Arranges Sale of 13,500 SF Retail Strip Center in The Woodlands, Texas

Taylor Williams — Tue, 28 Jul 2026 14:22:18 +0000

THE WOODLANDS, TEXAS — Local brokerage firm Palo Duro Commercial Partners has arranged the sale of Shoppes at Sawdust, a 13,500-square-foot retail strip center located north of Houston in The Woodlands. The center was fully leased at the time of sale to tenants such as Jimmy John’s, Little Caesars and Cloud 9 Dental. Stephen Pheigaru and Chris Reul of Palo Duro brokered the deal. The buyer and seller were not disclosed.

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JLL Arranges $58M Loan for Refinancing of Brooklyn Mixed-Use Building

Taylor Williams — Tue, 28 Jul 2026 13:52:07 +0000

NEW YORK CITY — JLL has arranged a $58 million loan for the refinancing of 1333 Broadway, a mixed-use property in the Bushwick neighborhood of Brooklyn. Completed in April, the 20-story, 97,526-square-foot building houses 74 market-rate apartments, 32 affordable apartments and 29,000 square feet of commercial space. Peter Rotchford, Rob Hinckley and Robert Tonnessen of JLL arranged the loan through Barings on behalf of the borrower, a joint venture between Ekstein Development Group and Standard Real Estate Investments.

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Howden Signs 31,519 SF Office Lease in Midtown Manhattan

Taylor Williams — Tue, 28 Jul 2026 13:47:28 +0000

NEW YORK CITY — Howden has signed a 31,519-square-foot office lease in Midtown Manhattan. The global insurance brokerage firm is taking space on the 53rd floor at One Five One, a 1.8 million-square-foot tower located at 151 W. 42nd St. Sheena Gohil, Bob Rosenthal and Jack Senske of Colliers represented Howden in the lease negotiations. Tom Bow, Rocco Romeo and Nora Caliban represented the landlord, The Durst Organization, on an internal basis.

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Marcus & Millichap Brokers Sale of 30-Unit Student Housing Property in Hamden, Connecticut

Taylor Williams — Tue, 28 Jul 2026 13:43:42 +0000

HAMDEN, CONN. — Marcus & Millichap has brokered the sale of Pine Rock Townhomes, a 30-unit student housing property that is located adjacent to Southern Connecticut State University in Hamden. Built in 2012 and renovated in 2022, the property offers four-bedroom, townhome-style units with an average size of 1,850 square feet. Eric Pentore, Wes Klockner and Ross Friedel of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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Cavan Cos. Sells 334-Unit BTR Community in Phoenix for $112.5M

Amy Works — Tue, 28 Jul 2026 13:39:22 +0000

PHOENIX — Scottsdale, Ariz.-based Cavan Cos. has completed the $112.5 million sale of Bungalows on Camelback, a 334-unit built-to-rent community at 4747 N. 99th Ave. in Phoenix. A California-based private investor has acquired the property for $336,826 per unit. Mark Forrester, John Cunningham, Charles Steele and Rick Holway of Berkadia Phoenix represented the seller in the transaction. Completed in 2024, Bungalows on Camelback features 334 one-, two- and there-bedroom single-story rental homes with 10-foot ceilings, walk-in closets and private backyards with turf. Common area amenities include a greenbelt, oversized clubhouse/fitness center, resort-style pool, covered parking and detached garages.

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Cushman & Wakefield Negotiates 14,000 SF Office Lease in Midtown Manhattan

Taylor Williams — Tue, 28 Jul 2026 13:39:20 +0000

NEW YORK CITY — Cushman & Wakefield has negotiated a 14,000-square-foot office lease at 685 Third Avenue in Midtown Manhattan. The tenant, law firm Gallet Dreyer & Berkey LLP, will occupy the 28th floor of the 31-story tower, which recently underwent renovations. Garrett Varricchio, Mark Weiss and Michael Montesi of Cushman & Wakefield represented the law firm in the lease negotiations. BGO, the institutional investment firm formerly known as Bentall Green Oak, owns the building.

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Alturas Capital Partners Acquires 421,000 SF Legends at Sparks Marina in Sparks, Nevada

Amy Works — Tue, 28 Jul 2026 13:38:42 +0000

SPARKS, NEV. — Idaho-based Alturas Capital Partners has purchased Legends at Sparks Marina, a 421,000-square-foot mixed-use lifestyle center in Sparks. Terms of the transaction were not disclosed. The transaction, which closed on July 23, will be added to the Alturas Real Estate Fund. This acquisition brings the company’s assets under management to $850 million and 4.6 million square feet. Legends at Sparks Marina features national and regional tenants, including H&M, Nike, Sephora, Five Below, Yard House, Galaxy Theatres, Burlington and Cavender’s.

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Sony Pictures, Alamo Drafthouse Cinema to Restore Hollywood’s Cinerama Dome

Amy Works — Tue, 28 Jul 2026 13:37:36 +0000

LOS ANGELES — Sony Pictures Entertainment (SPE) and Alamo Drafthouse Cinema have announced plans to reopen and restore Cinerama Dome, a historic move theater located on Sunset Boulevard in Hollywood. Opened in 1963, it is the world’s first all-concrete, geodesic dome that features an 86-foot curved screen. Following a six-year shutdown that began during the COVID pandemic, the Dome will undergo restorative renovations starting next month through early 2028. Alamo Drafthouse Cinema will operate the movie theater. As part of the deal, SPE will also reopen the adjacent 14-screen theater complex, formerly ArcLight Cinemas, as an Alamo Drafthouse Cinema. The theater will offer Alamo Drafthouse presentations and dine-in services, curated programming, revival screenings, events, designated karaoke rooms and fan celebrations. In addition, the complex will retain 35mm capabilities to showcase archival film prints and house multiple screens with immersive audio and 4K laser projection, including 70mm capabilities. In 2015, Alamo Drafthouse restored San Francisco’s historic New Mission Theater — now called the Christopher Nolan Cinema — transforming a 20-year vacant landmark into one of the city’s premier destinations for film. Alamo Drafthouse’s restoration of the theater preserved the famous Art Deco façade and historic architectural details, including that of the original…

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Cushman & Wakefield | PICOR Brokers Sale of Retail Property in Tucson, Arizona

Amy Works — Tue, 28 Jul 2026 13:33:31 +0000

TUCSON, ARIZ. — Cushman & Wakefield | PICOR has arranged the sale of a retail property located at 6780 N. Sandario Road in Tucson. Steven J. Williams and Elizabeth Ann Williams Revocable Trust purchased the asset from Benson-DBS LLC for $1.8 million. The property is a 9,100-square-foot Dollar General NNN Investment. Dave Hammack of Cushman & Wakefield | PICOR represented the seller in the deal.

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Mid-America Negotiates Sale of 37,615 SF Lincoln Park West Retail Property in Chicago

Kristin Harlow — Tue, 28 Jul 2026 13:22:12 +0000

CHICAGO — Mid-America Real Estate Corp. has negotiated the sale of Lincoln Park West, a 37,615-square-foot retail asset located in Chicago’s Lincoln Park neighborhood. The property offers value-add potential through the lease-up or adaptive reuse of the 19,531-square-foot second floor. Tenants include PNC Bank, Starbucks, RJ Grunts (Lettuce Entertain You) and Lincoln Park Preschool. The weighted average lease term is seven years. George Ghattas, Joe Girardi and Patrick Corrigan of Mid-America represented the seller, LLJ Ventures. A private local investor was the buyer.

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Alpine Realty Capital Arranges Sale of DoubleTree Hotel and Conference Center in Bay City, Michigan

Kristin Harlow — Tue, 28 Jul 2026 13:21:08 +0000

BAY CITY, MICH. — Alpine Realty Capital, a member of Hotel Brokers International, has arranged the sale of the DoubleTree Hotel and Conference Center by Hilton in Bay City. Alpine negotiated pricing and terms on behalf of the buyer and assisted in all aspects of due diligence, including appraisal and environmental execution, lender analysis and approvals and coordination with legal counsel and seller’s representatives. The property overlooks the Saginaw River and features an onsite restaurant, indoor pool, fitness center and meeting rooms.

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UBS, CBRE Sign Leases at Arcadia Office Building Under Development in Metro Minneapolis

Kristin Harlow — Tue, 28 Jul 2026 13:19:43 +0000

EDINA, MINN. — Arcadia, a 118,000-square-foot office building currently under construction in Edina, is now 71 percent preleased. Opus broke ground on the six-story, multi-tenant property in September. Completion is slated for December of this year. UBS Financial Services Inc. leased the entire fifth floor, totaling 29,126 rentable square feet. CBRE signed a lease for 15,746 square feet on the third floor. Opus and Opus-affiliated companies will occupy 38,386 square feet, with Opus taking the entire top floor and the affiliated companies occupying a portion of the fourth floor. Arcadia will feature gathering spaces, conference rooms, a large employee training room, private tenant clubroom, fitness center and landscaped outdoor terrace. Opus is serving as both developer and design-builder for the project. ESG Architecture & Design is the architect. Joe Conzemius, Larissa Bodine, Ann Rinde and Elle Westphal of CBRE are leading leasing efforts. Tom Tracy and John McKenna of Cushman & Wakefield represented UBS, while John Ferlita and John Lorence represented CBRE on an internal basis.

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Interra Realty Brokers $5.9M Sale of Multifamily Portfolio in Palatine, Illinois

Kristin Harlow — Tue, 28 Jul 2026 13:18:26 +0000

PALATINE, ILL. — Interra Realty has brokered the sale of a five-building, 30-unit multifamily portfolio in Palatine for nearly $5.9 million. Paul Waterloo and Patrick Kennelly of Interra represented the private local buyer and confidential seller. The portfolio was fully occupied at the time of sale. The properties are part of the Turtle Creek Apartments Master Association. There are five one-bedroom units and 25 two-bedroom residences, all of which have been recently upgraded. The properties are subject to a monthly association fee that covers insurance, landscaping, snow removal and waste collection.

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