Sunday, November 8, 2026
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4100-Central-Ave-Riverside-CA
AcquisitionsCaliforniaRestaurantRetailWestern

SRS Brokers $6.8M Ground Lease Sale of Restaurant Property in Riverside, California

by Amy Works

RIVERSIDE, CALIF. — SRS Real Estate Partners has brokered the ground lease (land ownership) sale of a restaurant property located at 4100 Central Ave. in Riverside. A Southern California-based developer sold the asset to a Washington-based private investor for $6.8 million. Raising Cane’s occupies the 3,267-square-foot property, which was built in 2024 on 1.3 acres, on a corporate-guaranteed, absolute triple-net, 15-year ground lease. Patrick Luther and Matthew Mousavi of SRS Capital Markets represented the seller in the transaction.

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Hilton-Galveston-Island-Resort
DevelopmentHospitalityTexas

Fertitta Hospitality Completes Renovation of 241-Room Hotel Resort in Galveston, Texas

by Taylor Williams

GALVESTON, TEXAS — Fertitta Hospitality, which is part of the entertainment empire of Houston Rockets owner Tillman Fertitta, has completed the multimillion-dollar renovation of the 241-room Hilton Galveston Island Resort in southeast Texas. The renovation upgraded the furniture, lighting fixtures, flooring and showers of all guestrooms. Meeting and event spaces received new carpets, chandeliers, wall coverings, lighting and seating fixtures, and the pool area and fitness center were also enhanced with new cabanas and equipment, respectively. Lastly, ownership introduced a new restaurant concept and remodeled and expanded the lobby bar.

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LoansMidwestMinnesotaMultifamilySeniors Housing

BWE Arranges $20M in Permanent Financing for Active Adult Community in Metro Minneapolis

by Kristin Harlow

CHANHASSEN, MINN. — BWE has arranged a $20 million loan to provide permanent financing for Lake Place, a 110-unit luxury active adult community in Chanhassen within metro Minneapolis. Lundat Kassa of BWE originated the financing through Freddie Mac on behalf of the borrower, Silver Creek Equity, a Minnesota-based developer. The 10-year loan features a 35-year amortization period and five years of interest-only payments. The loan replaces a high-interest rate, floating-rate construction loan. Lake Place was built in 2023 and completed lease-up during the loan underwriting. The property is reserved for residents age 55 or older, and 50 of the units are set aside for those who earn 60 percent or less of the area median income. Amenities include a clubhouse, fitness center, pickleball court, pet wash, bike room, library, creative arts studio and storage units.

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IllinoisIndustrialLeasing ActivityLee & AssociatesMidwest

Roadtex Transportation Signs 90,655 SF Industrial Lease Renewal in Woodridge, Illinois

by Kristin Harlow

WOODRIDGE, ILL. — Roadtex Transportation has signed a 90,655-square-foot industrial lease renewal at 2725 Davey Road in the Chicago suburb of Woodridge. The property, located in the Woodhill Crossings Business Park, features immediate access to I-55. Kenneth Franzese, John Cassidy and Jeff Galante of Lee & Associates of Illinois, along with James Cant of Fischer & Co., represented the tenant. Sean Henrick of Cushman & Wakefield represented the owner, Bristol Group.

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AcquisitionsHealthcareMidwestMinnesota

Marcus & Millichap Negotiates $2.8M Sale of Veterinary Office Portfolio in Minnesota

by Kristin Harlow

NEW ULM AND MANKATO, MINN. — Marcus & Millichap has negotiated the sale of two single-tenant animal hospital properties in Minnesota for $2.8 million. The portfolio includes New Ulm Regional Vet Center at 401 20th St. in New Ulm and River Hills Pet Care Hospital at 340 St. Andrews Drive in Mankato. The New Ulm property was built in 1998, and the Mankato facility was constructed in 2017. Both are fully leased to PetVet Care Centers, which has operated at both locations since 2019. PetVet was founded in 2012 and currently has more than 450 veterinary locations nationwide. William Skoch and Christopher Mitchel of Marcus & Millichap represented the seller, a group of six veterinarians who had owned the buildings for more than 27 years, and procured the buyer, a real estate investment trust focused exclusively on acquiring veterinarian-centric real estate nationwide.

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AcquisitionsIllinoisMidwestRetail

Greenstone Partners Brokers $2.4M Sale of Retail Property in Chicago’s Lincoln Park

by Kristin Harlow

CHICAGO — Greenstone Partners has brokered the $2.4 million sale of The Retail Shops on Lincoln Avenue, a fully leased, three-tenant retail property in Chicago’s Lincoln Park neighborhood. The transaction closed at over $460 per square foot to a local private investor. The asset boasts a 7.7-year weighted average lease term, and the tenant roster includes Play, Junior Chefs Kitchen and That Face Facial Plastic Surgery. Jason St. John and Brewster Hague of Greenstone represented the seller, a Chicago-based developer, and procured the buyer.

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AcquisitionsIndustrialTexas

Dalfen Industrial Acquires 130,000 SF Property Near DFW International Airport

by Taylor Williams

IRVING, TEXAS — Locally based investment and development firm Dalfen Industrial has acquired a 130,000-square-foot property that is located about three miles south of DFW International Airport in Irving. The cross-dock facility was built in 2016 and features 32-foot clear heights and 130- to 185-foot truck court depths, as well as proximity to State Highways 360, 161 and 183. The seller and sales price were not disclosed. The deal traded off-market.

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Leasing ActivityMichiganMidwestRestaurantRetail

Domino’s to Open 1,904 SF Location at Studio One in Midtown Detroit

by Kristin Harlow

DETROIT — Domino’s Pizza has leased 1,904 square feet of retail space at the Studio One mixed-use development in Midtown Detroit. The property includes multiple stories of luxury apartments as well as national retailers such as Walgreens, Poke Poke and The UPS Store. Michael Murphy and Tjader Gerdom of Gerdom Realty & Investment represented the tenant, while Greg Newman of Keystone Commercial Real Estate represented the undisclosed landlord.

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AcquisitionsIndustrialTexas

Finial Group Negotiates Sale of 12,000 SF Warehouse in East San Antonio

by Taylor Williams

SAN ANTONIO — Houston-based brokerage firm Finial Group has negotiated the sale of a 12,000-square-foot warehouse located at 4223 Dividend Road on the east side of San Antonio. According to LoopNet Inc., the building was constructed in 2018 and features 22-foot clear heights. Chase Tucker, Jack Gaffney, and William Alcorn of Finial Group represented the undisclosed seller in the transaction.

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130-Mount-Holly-Bypass-Lumberton-New-Jersey
AcquisitionsIndustrialNew JerseyNortheast

Camber, Invesco Buy 384,335 SF Industrial Portfolio in Southern New Jersey

by Taylor Williams

HAINESPORT AND LUMBERTON, N.J. — A partnership between New Jersey-based Camber Real Estate Partners and Atlanta-based global investment manager Invesco has acquired a portfolio of five industrial buildings totaling 384,335 square feet in Southern New Jersey. The buildings, which were originally developed by Whitesell Real Estate Group, are located off Exit 5 of the New Jersey Turnpike in Hainesport and Lumberton and feature clear heights of 30 feet. Michael Hines, Joe Hill and Brad Ruppel of CBRE represented the seller in the transaction.

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