Property Type Archives - REBusinessOnline

Tredway Acquires Texas Affordable Housing Portfolio for $65.5M

Taylor Williams — Mon, 13 Apr 2026 14:08:26 +0000

NEW YORK CITY — Tredway, a multifamily owner-operator based in New York City, has acquired a portfolio of 16 affordable housing and mixed-income residential properties totaling approximately 1,200 units in Texas. The sales price was $65.5 million. The majority of the properties are located in South Texas or West Texas cities such as Alamo, Amarillo, Brownsville, El Paso, Lubbock, Odessa, San Juan, Santa Rosa and Victoria. Other markets represented within the portfolio include Fort Worth and the Central Texas cities of Copperas Cove and Lampasas. Tredway plans to invest more than $10 million in capital improvements across the portfolio to preserve affordability and is partnering with Housing Services Inc., a nonprofit organization that will provide social services across the portfolio. The seller was not disclosed. Berkadia originated an undisclosed amount of Fannie Mae acquisition financing for the deal.

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Limited Liability Company Buys Apartment Complex in Metro Houston for $31.5M

Taylor Williams — Mon, 13 Apr 2026 14:01:35 +0000

LAKE JACKSON, TEXAS — A limited liability company doing business as 100 CS Park LLC has purchased Plantation Park Apartments in Lake Jackson, a southern suburb of Houston, for $31.5 million. According to Apartments.com, the property was built in 2016 and totals 238 units. Residences come in one-, two-, and three-bedroom floor plans and are furnished with stainless steel appliances, granite countertops, wood-style flooring, walk-in closets and full-size washers and dryers. Select residences offer private patios or balconies. Amenities include a pool, outdoor entertainment and grilling areas, a clubhouse, fitness center, business center and a resident lounge with a game area and entertainment space. The seller and sales price were not disclosed.

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Marcus & Millichap Brokers Sale of 207-Unit Boat, RV Storage Facility in Farmersville, Texas

Taylor Williams — Mon, 13 Apr 2026 13:55:49 +0000

FARMERSVILLE, TEXAS — Marcus & Millichap has brokered the sale of a 207-unit boat and RV storage facility in Farmersville, about 45 miles northeast of Dallas. Known as A-Affordable Boat & RV Storage Farmersville, the facility was built on 12.7 acres in 2023 and spans 101,520 net rentable square feet. Danny Cunningham, Brandon Karr and Jon Danklefs of Marcus & Millichap represented the seller, Ciera Bank, in the transaction. Cunningham and Karr also procured the undisclosed, Dallas-based buyer.

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CIM Group Sells 177,434 SF Shopping Center in North Dallas

Taylor Williams — Mon, 13 Apr 2026 13:43:09 +0000

DALLAS — Los Angeles-based investment and development firm CIM Group has sold Best Buy Plaza, a 177,434-square-foot shopping center located in North Dallas. Built on 14.6 acres in 1995, Best Buy Plaza was fully leased at the time of sale to tenants including Dick’s Sporting Goods, Total Wine & More, Cavender’s, Hyper Kidz and Best Buy. CIM Group originally acquired Best Buy Plaza in 2016 and subsequently implemented a capital improvement program. The buyer and sales price were not disclosed.

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DHL Supply Chain to Develop 1.2 MSF Industrial Project in Annville, Pennsylvania

Taylor Williams — Mon, 13 Apr 2026 13:34:04 +0000

ANNVILLE, PA. — DHL Supply Chain, a developer and third-party logistics firm based in Germany, will develop a 1.2 million-square-foot industrial project in Annville, about 100 miles west of Philadelphia. The building will be located within Clear Springs Logistics Park and will feature a clear height of 40 feet, 120 dock doors, four drive-in doors and parking for 426 car parking spaces (expandable to 571) and 295 trailer parking stalls. Harris Architects is designing the project, and Peak Construction Corp. is the general contractor. Warehaus is the civil engineer. Construction is expected to be complete before the end of the year.

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IEC Acquires 357-Bed Multifamily Portfolio in Davis, California for Student Housing Conversion

Amy Works — Mon, 13 Apr 2026 13:25:19 +0000

DAVIS, CALIF. — Interstate Equities Corp. (IEC) has purchased a two-property apartment portfolio in Davis for $42.8 million from an undisclosed seller. The portfolio includes Pepperwood Apartments at 2222 Sycamore Lane and Temescal Apartments at 2477 Sycamore Lane. Situated approximately 2.8 miles from the University of California, Davis, the portfolio currently offers 141 units, or 357 beds. IEC plans to gradually transition leasing toward a “by-bedroom model,” which is prevalent in the Davis student housing market. Constructed in 1981 and 1983, Pepperwood and Temescal offer a mix of one-, two-, three- and four-bedroom apartments averaging approximately 1,090 square feet. The properties offer value-add potential, and IEC plans to maintain affordability while implementing targeted interiors and exterior upgrades to Pepperwood.

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Colliers Brokers Sale of 158,380 SF Castle Rock Industrial Property in Colorado

Amy Works — Mon, 13 Apr 2026 13:24:07 +0000

CASTLE ROCK, COLO. — Colliers has arranged the sale of Castle Rock Industrial at The Meadows, an industrial asset in Castle Rock. Saunders Commercial Development Co. sold the property to a joint venture between New York-based Sound Capital and Connecticut-based Palladian Management for an undisclosed price. Located at 3563-3593 Timber Mill Parkway, Castle Rock Industrial at The Meadows offers 158,380 square feet of industrial space. T.J. Smith, Nick Rice, Tim Shay and Brad Calbert of Colliers represented the seller in the transaction.

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Buc-ee’s Breaks Ground on 74,000 SF Travel Center in Forsyth, Georgia

Abby Cox — Mon, 13 Apr 2026 13:23:37 +0000

FORSYTH, GA. — Buc-ee’s has broken ground on a 74,000-square-foot travel center in Forsyth, roughly 60 miles southeast of Atlanta in Monroe County. The store is scheduled to open in spring 2027 and will become the fourth Buc-ee’s location in the state. Officials also stated that the site will be one of the largest in the company’s history and about 40 percent larger than the Buc-ee’s already operating in Warner Robins, about 30 miles to the south, according to WJCL. Situated at 1060 Rumble Road, the new store is expected to bring more than 200 full-time jobs to the area. Buc-ee’s currently operates 54 stores throughout its home state of Texas, as well as Alabama, Florida, Georgia, Kentucky, South Carolina, Ohio, Colorado, Virginia, Missouri and Tennessee.

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Hanley Investment Group Negotiates $3.6M Sale of Starbucks-Occupied Retail Property in San Bernardino

Amy Works — Mon, 13 Apr 2026 13:22:49 +0000

SAN BERNARDINO, CALIF. — Hanley Investment Group Real Estate Advisors has negotiated the $3.6 million sale of a single-tenant retail property leased to Starbucks Coffee in San Bernardino. The newly constructed, drive-thru-only café prototype spans 1,200 square feet and operates on a 15-year triple-net corporate lease with 10 percent rental increases every five years. The asset is located at 291 E. Hospitality Lane. Bill Asher and Jeff Lefko of Hanley represented the seller, a local developer, in the transaction. David Kluver of Lee & Associates represented the buyer, a local investor from Orange County.

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JLL Negotiates Sale of Two Nashville Multifamily Communities Totaling 177 Units

Abby Cox — Mon, 13 Apr 2026 13:22:21 +0000

NASHVILLE, TENN. — JLL Capital Markets has negotiated the sale of two apartment properties in Nashville’s Hillsboro Village neighborhood totaling 177 units: Belcourt Park and Village 21 at Regions Park. Nick Brown, Peter Yorck and John Weber of JLL represented the seller, Atlanta-based TriBridge Residential, in the off-market transaction. A partnership between Harrison Street Asset Management and Nashville-based Elmington Residential purchased the properties for $54.8 million, according to the Nashville Business Journal. Village 21 at Regions Park opened in 2017 and offers 101 units, including retail space with tenants such as E3 Chophouse, Taco Mama and Bad Ass Coffee, among others. Elmington and Harrison Street only acquired the apartment portion of the development. Belcourt Park, a 76-unit property, stands four stories tall with units averaging 646 square feet in size.

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Valore Ventures Buys 2-Acre Parcel in Oroville, California for Chick-fil-A Development

Amy Works — Mon, 13 Apr 2026 13:21:35 +0000

OROVILLE, CALIF. — Valore Ventures has acquired a 2-acre development parcel at 350 Oro Dam Blvd. East in Oroville and signed a long-term ground lease with Chick-fil-A for the site. The quick-service restaurant will commence construction of a 4,266-square-foot dual drive-thru restaurant this month. Ryan Orn of Capital Rivers Commercial Real Estate represented the seller, Maverick, in the deal. The financial terms were undisclosed.

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MMCC Arranges $3.2M in Acquisition Financing for The Grove Apartments in Marianna, Florida

Abby Cox — Mon, 13 Apr 2026 13:20:18 +0000

MARIANNA, FLA. — Marcus & Millichap Capital Corp. (MMCC) has arranged $3.2 million in acquisition financing for The Grove Apartments, a 44-unit multifamily community located in the heart of the Florida Panhandle in Marianna, approximately 65 miles west of Tallahassee. Garrett Fierstein of MMCC secured the five-year loan through a local credit union. The loan carries a 6.12 percent fixed interest rate, 30-year amortization period and a 70 percent loan-to-value ratio. Situated near Chipola College and Florida Caverns State Park, The Grove is fully occupied and features a mix of two- and three-bedroom townhomes with an average size of 1,100 square feet, according to Apartments.com.

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Faith Technologies Expands in Indiana with 500,000 SF Manufacturing Facility

Kristin Harlow — Mon, 13 Apr 2026 13:19:56 +0000

PITTSBORO, IND. — Faith Technologies Inc. (FTI) is expanding to Pittsboro, about 30 miles northwest of Indiana, and has begun construction on a 500,000-square-foot manufacturing facility within Opus’ Pittsboro Commerce Center. FTI delivers solutions in engineering, construction, manufacturing and clean energy. The new Pittsboro facility will support FTI’s Excellerate brand, which specializes in modular electrical assemblies and energy solutions. The project will create more than 200 skilled manufacturing and electrical jobs. Pittsboro Commerce Center is a new 170-acre industrial development planned by Opus that is located near I-74. Opus sold 47 acres to FTI and is currently completing site infrastructure, including grading, access roads and utilities. FTI is serving as general contractor for its facility, which marks the first building within the development. Opus plans to build out the remainder of the project in phases. The State of Indiana and Hendricks County provided incentive-based tax credits through the Indiana Economic Development Corp. and a property tax abatement through Hendricks County based on FTI’s expected impact on economic growth and job creation in Pittsboro and the surrounding region.

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Stream Realty Inks 35,000 SF of Leases at 5 City Office Tower in Nashville

Abby Cox — Mon, 13 Apr 2026 13:18:51 +0000

NASHVILLE, TENN. — Stream Realty Partners has inked five leases over the past two months at 5 City, a newly delivered, 344,000-square-foot office tower in Nashville. Chicago-based Convexity Properties is the owner and developer of the 15-story tower. National law firm Dickinson Wright signed a 16,116-square-foot lease, relocating from its previous office in downtown Nashville, while investment management and financial advisory firm Nephila Advisors signed a 9,954-square-foot lease. Additional tenants include Jay-Bee Oil and Gas, which is opening its first Nashville office; Precision Field Services, a mortgage services and property preservation business; and a San Francisco-based music label and publisher. The five leases total approximately 35,000 square feet. Charlie Gibson, Stewart Lyman and Maddy Sickels of Stream Realty manages the office leasing efforts at 5 City for Convexity. Liz Craig of Foundry Commercial oversees the property’s retail leasing. JLL represented Dickinson Wright and Nephila Advisors in their lease transactions, while CBRE represented Jay-Bee Oil and Gas and Precision Field Services. Kasa Real Estate represented the music label and publisher. Designed by Goettsch Partners, 5 City offers a mix of amenities including an outdoor terrace space; a tenant lounge; training and conference center with seating for up to 100 people; an onsite…

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Bernard Financial Group Secures $14M in Financing for Michigan Multifamily Community

Kristin Harlow — Mon, 13 Apr 2026 13:18:00 +0000

OAK PARK, MICH. — Bernard Financial Group (BFG) has secured a $14 million permanent loan for a 475-unit multifamily property in Oak Park. Joshua Bernard of BFG arranged the loan on behalf of the borrower, Lincoln Towers Apartments LP. A life insurance company provided the loan. BFG will provide servicing for the loan.

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Venture One Acquires 51,820 SF Industrial Building in Chicago

Kristin Harlow — Mon, 13 Apr 2026 13:17:00 +0000

CHICAGO — Venture One Real Estate, through its acquisition fund VK Industrial VII LP, has acquired a 51,820-square-foot industrial building located at 4114 Peoria St. in Chicago. The single-tenant property was fully leased at the time of sale. Situated within the Stockyards Industrial Park and constructed in 1969, the building features three docks and parking for more than 45 cars. Zeke Rowan, Adam Haefner, Nick Fazio and Marty Mikaitis of Avison Young represented the undisclosed seller. VK Industrial VII is co-sponsored by Venture One and Kovitz Investment Group.

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NFI, Penwood Underway on 528,478 SF Spec Industrial Project in Burlington County, New Jersey

Taylor Williams — Mon, 13 Apr 2026 13:14:22 +0000

BURLINGTON COUNTY, N.J. — A joint venture between New Jersey-based owner-operator NFI Real Estate and Penwood Real Estate Investment Management is underway on construction of Turnpike 5 Logistics Park, a 528,478-square-foot speculative industrial project in Southern New Jersey’s Burlington County. The two-building development’s name stems from its proximity to Exit 5 off the New Jersey Turnpike. The buildings will span 310,000 and 218,478 square feet and will feature clear heights of 36 feet, as well as “extensive” trailer parking and “heavy” power capacities. Fifth Third Bancorp provided $54 million in construction financing for the project, which was arranged by JLL. JLL also structured the joint venture between the two groups.

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JLL Arranges $19M Loan for Refinancing of Brooklyn Multifamily Portfolio

Taylor Williams — Mon, 13 Apr 2026 13:10:41 +0000

NEW YORK CITY — JLL has arranged a $19 million loan for the refinancing of a portfolio of five multifamily buildings totaling 42 units in Brooklyn. Known as the Edifice Portfolio, the newly renovated buildings are located at 431-433 Wythe Ave. and 313 S. 4th St. in Williamsburg and 19-21 Columbia Place in Brooklyn Heights. Jillian Mariutti and John Flynn of JLL arranged the loan through City National Bank on behalf of the borrower, local investment firm Edifice Real Estate Partners.

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Candid Health Signs 28,687 SF Office Lease in Midtown Manhattan

Taylor Williams — Mon, 13 Apr 2026 13:08:12 +0000

NEW YORK CITY — Candid Health, a provider of healthcare revenue cycle software, has signed a 28,687-square-foot office lease in Midtown Manhattan. The lease term is seven years, and the space is located on the third floor of the building at 675 Avenue of the Americas. Justin Haber, Kyle Riker and Emma Gill of JLL represented the tenant in the lease negotiations. Anthony Sciacca and Scott Gutnick of Newmark, along with internal agents Jeffrey Gural and Alphie Toro, represented the landlord, GFP Real Estate.

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Birmingham Industrial: Softness in Distribution, Resurgence in Manufacturing

John Nelson — Mon, 13 Apr 2026 11:17:00 +0000

The Birmingham industrial real estate market has remained relatively resilient compared to many U.S. markets, but recent trends show a shift in demand patterns with recent softness in the distribution sector compared to growing activity from manufacturing users. Overall market fundamentals remain stable. Birmingham continues to benefit from disciplined development and historically tight vacancies. Multi-tenant leased vacancy has generally remained well below national averages, hovering around the 5 percent range in the first half of 2025. Rent growth remains positive at about 3.5 percent annually. Renewing or vacant second-generation rents strategically lag new construction rents by about 15 to 20 percent. The second-generation base rent range is $6 to $7.50 per square foot depending on size, location and quality. Distribution and logistics demand has softened in recent months. Following the surge of warehouse construction and demand during the pandemic, leasing activity slowed by 2025. Approximately 1.3 million square feet of speculative space was delivered locally in 2022 and 2023, with asking rents at about $8 per square foot. The early deliveries benefited while the last projects to deliver were slower to lease as the economy stalled in the post-pandemic Biden era. Presently, 109,000 square feet of first-generation space delivered in…

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