Property Type Archives - REBusinessOnline

Partnership Underway on Seniors Housing Project in East Brunswick, New Jersey

Taylor Williams — Fri, 04 Sep 2026 14:00:00 +0000

EAST BRUNSWICK, N.J. — A joint venture between National Development and an affiliate of Benchmark Senior Living is underway on construction of a new seniors housing project in East Brunswick, located in Central New Jersey. Benchmark at East Brunswick will total 87 units and 100 beds for assisted living and memory care residents. Amenities will include multiple dining venues, a theater, fitness center, salon and outdoor spaces. JLL arranged $35.1 million in construction financing for the project, which is expected to be complete in 2028.

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Marcus & Millichap Brokers $11.4M Sale of Lower Manhattan Apartment Building

Taylor Williams — Fri, 04 Sep 2026 13:50:00 +0000

NEW YORK CITY — Marcus & Millichap has brokered the $11.4 million sale of 196 Bowery, a seven-unit apartment building located in the NoLita neighborhood of Lower Manhattan. The building includes a ground-floor retail space that is leased to Genyth Tattoo. Matt Fotis, Colton Traynham and Michael Weinstein of Marcus & Millichap represented the seller, an entity doing business as Bowery Square Corp., in the transaction and procured the buyer, Javeri Capital.

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Cushman & Wakefield Negotiates $83M Sale of Whole Foods-Anchored Shopping Center in Doral, Florida

Abby Cox — Fri, 04 Sep 2026 13:47:11 +0000

DORAL, FLA. — Cushman & Wakefield has negotiated the sale of Doral Marketplace, an 83,365-square-foot, newly constructed shopping center located in Doral, a western suburb of Miami. According to multiple media outlets, the property sold for $83 million. Whole Foods Market anchors the property, which was fully leased at the time of sale to tenants including Ulta Beauty, Shake Shack, J. Crew and Warby Parker. Mark Gilbert, Adam Feinstein and Mitchell Halpern of Cushman & Wakefield represented the seller, Atlanta-based SJC Ventures, in the transaction. The buyer is a high-net-worth family office advised by Lincoln Property Co.

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HMF Americana Acquires Land from Harris Teeter in Metro Charlotte, Plans Build-to-Rent Development

Abby Cox — Fri, 04 Sep 2026 13:45:46 +0000

CHARLOTTE, N.C. — HMF Americana, a “hybrid home” development firm, has acquired a development site in metro Charlotte from locally based grocer Harris Teeter with plans to develop a 221-unit build-to-rent residential community. Situated between Stallings and Weddington, N.C., the development will include cottage-style rental homes, along with a portion of homes that will be reserved for residents age 55 and older. The project will also feature approximately 10,000 square feet of multi-tenant commercial space, with additional land available for future expansion. Dowell Finch of New South Properties is leading commercial leasing efforts at the property. Site work is expected to begin next month, followed by vertical construction in the first quarter of 2027. Initial resident move-ins are expected to begin in the third quarter of 2027.

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JLL Arranges Sale of 356,514 SF Office Building in Orlando

Abby Cox — Fri, 04 Sep 2026 13:44:39 +0000

ORLANDO, FLA. — JLL Capital Markets has arranged the sale of Sea Harbor Office Center, a 356,514-square-foot office building located across from SeaWorld in Orlando. Robbie McEwan, Tucker Brooks and Jesse Jones of JLL represented the seller, Northridge Capital LLC, in the transaction. Duvalla Investments and Epoch Residential purchased the property for an undisclosed price. Originally built in 1984, the eight-story office building features a full-service cafeteria, fitness center, two separate lobbies and a five-story parking garage with 1,250 spaces, as well as an additional 380 surface parking spaces. The 14.2-acre site features Planned Development (PD) zoning that allows for future hotel and/or residential development.

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JLL Negotiates $7.9M Sale of Medical Office Building in Wayne, New Jersey

Taylor Williams — Fri, 04 Sep 2026 13:40:00 +0000

WAYNE, N.J. — JLL has negotiated the $7.9 million sale of a 37,770-square-foot medical office building located at 601 Hamburg Turnpike in the Northern New Jersey community of Wayne. The three-story building was completed in 2002 and was 97 percent leased at the time of sale. Jeremy Neuer, Michael Kavaler, J.B. Bruno and Cody Johnson of JLL represented the seller, March Associates, which also houses its headquarters within the building, in the transaction and procured the buyer, Pinnacle Group of Hudson Valley.

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Tishman Speyer Sells Office Building in Mountain View, California to Spear Street Capital for $121.5M

Amy Works — Fri, 04 Sep 2026 13:35:45 +0000

MOUNTAIN VIEW, CALIF. — Tishman Speyer has completed the disposition of 400 Castro Street, a Class A office building in downtown Mountain View, to Spear Street Capital for $121.5 million, or $876 per square foot. Tishman Speyer developed the 138,000-square-foot asset in 2002 and immediately leased the office space in full to Fenwick & West, which still occupies the property. With convenient access to highways and Caltrain, 400 Castro features roof decks, underground parking and views of the San Francisco Bay and coastal mountains. Additionally, the property offers onsite restaurants, including Cascal, Peet’s Coffee and Sweetgreen.

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Freestone Capital Acquires Aperture on Fifth Multifamily Community in Downtown Seattle for $32.2M

Amy Works — Fri, 04 Sep 2026 13:34:18 +0000

SEATTLE — Freestone Capital has purchased Aperture on Fifth, an apartment property in downtown Seattle, from PrivatePortfolio Group for $32.2 million or $304,245 per unit. Giovanni Napoli, Philip Assouad, Ryan Harmon, Nick Ruggiero and Anthony Palladino of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller and procured the buyer in the deal. Situated in the Denny Triangle neighborhood, Aperture on Fifth features 106 studio, one- and two-bedroom apartments with oversized windows and electric fireplaces. Community amenities include a central atrium courtyard, rooftop deck with a full-size bocce ball court, fitness center, bike storage, package lockers, a pet wash area and an underground parking garage.

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SRS Real Estate Arranges $11.7M Sale of Lumberjack Square Shopping Center in Bakersfield, California

Amy Works — Fri, 04 Sep 2026 13:33:10 +0000

BAKERSFIELD, CALIF. — SRS Real Estate Partners has arranged the $11.7 million sale of Lumberjack Square, an 85,031-square-foot shopping center located in Bakersfield. Body Xchange, a fitness and health club, anchors the property, which features a mix of additional tenants including DaVita and The Firehouse. Matthew Mousavi and Patrick Luther of SRS represented the seller, a California-based partnership. The buyer, also a California-based partnership, acquired the property with new financing.

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Marcus & Millichap Brokers $8.3M Sale of Two-Property Retail Portfolio in Metro San Diego

Amy Works — Fri, 04 Sep 2026 13:32:05 +0000

ENCINITAS, CALIF. — Marcus & Millichap has brokered the $8.3 million sale of a two-property retail portfolio located roughly 25 miles north of San Diego in Encinitas. The first property, located at 548-568 S. Coast Highway 101, spans 5,698 square feet of retail space and includes five suites in two adjacent buildings. Adam Robinson of RAF Pacifica Group purchased the property for $4.7 million. The second property, located at 571 2nd St., features 6,508 square feet of retail and office space, as well as six suites. Brett Farrow, a local architect, purchased the property for $3.6 million. Ross Sanchez and Nick Totah of Marcus & Millichap marketed the properties on behalf of the seller, George Charles Gowland Separate Property Trust. The agents also secured and represented both buyers in the transaction.

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Cadent Signs 50,017 SF Office Lease in Midtown Manhattan

Taylor Williams — Fri, 04 Sep 2026 13:30:00 +0000

NEW YORK CITY — Cadent has signed a 50,017-square-foot office lease in Midtown Manhattan. The AI-powered predictive advertising company will occupy the entire ninth floor at 2 Park Avenue, a 1.2 million-square-foot building. Aaron Ellison and Adam Spector of Newmark represented the tenant in the lease negotiations. Mitch Konsker, Cynthia Wasserberger, Kristen Morgan and Michael Pallas of JLL, along with internal agent Franco Rauseo, represented the landlord, an affiliate of fashion company Haddad Brands.

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Eastham Capital, Bender Cos. Acquire 220-Unit Fox Run Apartments in Suburban Chicago

Kristin Harlow — Fri, 04 Sep 2026 13:29:10 +0000

ST. CHARLES, ILL. — Eastham Capital and Bender Cos. have acquired Fox Run Apartments, a 220-unit community in the western Chicago suburb of St. Charles. To date, Eastham and Bender have co-invested in 14 projects. The companies say that Fox Run Apartments presents a compelling value-add opportunity. Monthly rents at the property average $1,703. Following recent capital improvements, the business plan calls for additional upgrades across more than 80 units, including in-unit laundry and flooring updates, along with enhancements to the exterior, amenities, parking areas, landscaping, signage and security systems. Bender will also focus on strengthening leasing operations and elevating the resident experience. Originally constructed in 1973, the property includes four buildings with a mix of one-, two- and three-bedroom floor plans ranging from 650 to 1,430 square feet. Amenities include a clubhouse, fitness center, outdoor pool, grilling areas, package lockers, laundry facilities and off-street parking.

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Greysteel Arranges $18.1M Sale of Multifamily Community in Metro Milwaukee

Kristin Harlow — Fri, 04 Sep 2026 13:28:21 +0000

CUDAHY, WIS. — Greysteel has arranged the $18.1 million sale of Cudahy Commons, a 142-unit multifamily property at 2810 E. Edgerton Ave. in the Milwaukee suburb of Cudahy. BJ Connolly, Doug Banerjee and Ryan Carter of Greysteel represented the seller, a private investor. Peak Capital acquired the asset. According to Greysteel’s newly released “Mid-Year 2026 Investor Sentiment Pulse Check,” 84 percent of respondents plan to increase their Midwest multifamily exposure over the next 12 to 18 months.

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Burlington, Planet Fitness Sign Leases Totaling 45,000 SF at Joffco Square in Chicago

Kristin Harlow — Fri, 04 Sep 2026 13:27:40 +0000

CHICAGO — Burlington and Planet Fitness have singed long-term leases totaling roughly 45,000 square feet at Joffco Squre in Chicago. Nassimi Realty has brought the urban retail center from 50 percent occupancy to fully leased. Burlington signed a 10-year lease for 23,000 square feet, taking the former Ashley Furniture space. The retailer is relocating from its existing location across the street. The new store is expected to open in the winter or spring of 2027. Planet Fitness signed a 12-year lease for 22,000 square feet in the former Joann Fabrics space. The fitness operator plans to open in December. CBRE represented the landlord in both transactions. Metro Commercial Real Estate represented Burlington and Planet Fitness.

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CBRE Brokers $3.4M Sale of Retail Property Occupied by Sheetz in Gahanna, Ohio

Kristin Harlow — Fri, 04 Sep 2026 13:26:51 +0000

GAHANNA, OHIO — CBRE has brokered the $3.4 million sale of a single-tenant Sheetz convenience store at 495 Crescent Circle in Gahanna, a suburb of Columbus. CBRE’s Karly Iacono represented the buyer, 495 Crescent Circle Gahanna Ohio LLC. Stephanie Beaumier of Casto acted on behalf of the seller, CP Crescent LLC. The 1031 exchange buyer completed an all-cash transaction. The asset is secured by a 15-year triple-net ground lease with Sheetz.

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JLL Arranges $78.7M Loan for Refinancing of East Dallas Apartment Community

Taylor Williams — Fri, 04 Sep 2026 12:33:00 +0000

DALLAS — JLL has arranged a $78.7 million loan for the refinancing of The Flynn at Live Oak, a 327-unit apartment community in East Dallas. The five-story, newly constructed building offers studio, one- and two-bedroom units with an average size of 832 square feet. Amenities include a pool, outdoor courtyards with fire pits and grilling stations, a sky lounge, fitness center with outdoor yoga space, coworking lounge and a grab-and-go convenience store. Lucas Borges, Lauren Dow, Sam Tarter, Aidan Flanagan and Christian Johnston of JLL arranged the loan through private equity firm Blue Owl Capital on behalf of the owner, a partnership between Conor Commercial Real Estate and Globe Corp.

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Alterra Acquires 23.5-Acre Industrial Outdoor Storage Portfolio in San Antonio

Taylor Williams — Fri, 04 Sep 2026 12:32:00 +0000

SAN ANTONIO — Alterra IOS has acquired a portfolio of six industrial outdoor storage facilities totaling 23.5 acres in the greater San Antonio area. Five of the properties are located in San Antonio proper, and the sixth is located in the northeastern suburb of Schertz. The facilities feature a combined 172,141 square feet of warehouse space and are leased to tenants in industries such as building materials, equipment rentals and logistics. The seller and sales price were not disclosed.

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Summit RE Negotiates Sale of 14,895 SF Retail Strip Center in Midlothian, Texas

Taylor Williams — Fri, 04 Sep 2026 12:31:00 +0000

MIDLOTHIAN, TEXAS — Dallas-based brokerage firm Summit RE has negotiated the sale of Harvest Hill Town Center II, a 14,895-square-foot retail strip center located in the southern Dallas suburb of Midlothian. Tenants at the center include T-Mobile and Club Pilates. Hudson Lambert and Jack Hicks of Summit RE represented the undisclosed seller in the transaction. The name and representative of the buyer, as well as the sales price, were also not disclosed.

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Marcus & Millichap Brokers Sale of 14,000 SF Medical Office Building in West Houston

Taylor Williams — Fri, 04 Sep 2026 12:30:00 +0000

HOUSTON — Marcus & Millichap has brokered the sale of a 14,000-square-foot medical office building in West Houston. The building at 19304 Katy Freeway was constructed in 2024 and was roughly 40 percent leased at the time of sale to Excel Urgent Care. The undisclosed buyer plans to occupy the remainder of the space. Joseph Jaques, Alex Wolansky, Ron Hebert and Gus Lagos of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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Portland Industrial Market Finds Stability as Supply Pressures Ease

John Nelson — Fri, 04 Sep 2026 11:34:00 +0000

— By David Tabata of Marcus & Millichap — After several years of rapid expansion, elevated vacancy and shifting global trade patterns, Portland’s industrial market is entering a more balanced phase. While tariff uncertainty and evolving West Coast trade dynamics continue to influence leasing decisions, improving fundamentals are creating new opportunities for occupiers and investors. One of the market’s most encouraging developments is the gradual stabilization of activity at the Port of Portland. Following pandemic-related disruptions and reduced container traffic, port operations have begun to recover, giving industrial users greater confidence in long-term planning. Portland’s strategic location also continues to support its role as a key distribution hub for the Pacific Northwest. At the same time, the development pipeline has slowed significantly. After several years of elevated construction, new deliveries are expected to remain well below recent peaks, allowing the market time to absorb existing inventory. Although vacancy has increased, the slowdown in new supply should help ease competitive pressure and support healthier market conditions over time. Demand remains strongest for modern warehouse and distribution facilities near major transportation infrastructure, including the Interstate 5 Corridor, Interstate 84 and port-related logistics hubs. Smaller industrial buildings also continue to perform well, driven…

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