Friday, June 26, 2026
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DevelopmentHospitalityMixed-UseSouth CarolinaSoutheast

Frampton Begins Construction on 100-Room Residence Inn Hotel in Mount Pleasant, South Carolina

by John Nelson

MOUNT PLEASANT, S.C. — Frampton Construction Co. has broken ground on a new, 100-room hotel in Mount Pleasant. Frampton is serving as the general contractor on behalf of the developer, Bennett Hospitality, which will operate the property as Residence Inn. Upon completion, the hotel will total 82,000 square feet across five stories. The Residence Inn will be situated within the five-phase, $500 million Patriots Annex development located on the east side of Charleston Harbor and will be within walking distance of Patriots Point Soccer Stadium, the College of Charleston Baseball Stadium x Tennis Center, the Patriots Point Links golf course and the Patriots Point Naval and U.S. /Maritime Museum. The Residence Inn hotel will feature a fitness center, pool, meeting rooms and dining and bar areas. The project team includes Winford Lindsay Architect and civil engineer Seamon Whiteside. Completion of the hotel is scheduled for 2026.

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AcquisitionsAlabamaSoutheastStudent Housing

Muinzer Acquires 752-Bed Student Housing Community Near Auburn University

by John Nelson

AUBURN, ALA. — Muinzer has acquired Samford Square, a 752-bed student housing community located near the Auburn University campus. The property offers units in two-, three- and four-bedroom configurations, all of which were fully leased at the time of sale. Shared amenities at Samford Square include a resort-style swimming pool, cyber café, resident activity room, sand volleyball court, clubhouse, hammock garden, 24-hour gaming lounge and a tanning bed. Peter Katz of Institutional Property Advisors (IPA), a division of Marcus & Millichap, brokered the transaction. The seller and terms of the deal were not disclosed.

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Affordable HousingDevelopmentGeorgiaMultifamilySeniors HousingSoutheast

Swinerton Breaks Ground on $16.4M Mixed-Income Multifamily Project in Metro Atlanta

by John Nelson

RIVERDALE, GA. — General contractor Swinerton has broken ground on Hearthside Riverdale, a $16.4 million multifamily project in Riverdale\. Swinerton is completing the construction on behalf of the developer, OneStreet Residential. Situated on 2.6 acres roughly 15 miles south of Atlanta, the community will feature 70 one- and two-bedroom apartments, with 12 units rented at market rates and 58 units reserved as affordable housing for senior residents earning at or below 60 percent of the area median income (AMI). Amenities at the property will include a community room, laundry room, fitness center, garden bed and pet-friendly features. Completion is scheduled for early 2026.

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CTX-110-Kyle
DevelopmentIndustrialLoansTexas

Lincoln Property Co., Goldman Sachs Break Ground on 894,000 SF Industrial Project in Kyle, Texas

by Taylor Williams

KYLE, TEXAS — A partnership between Dallas-based developer Lincoln Property Co. and Goldman Sachs has broken ground on CTX 110, an 894,000-square-foot industrial project in Kyle, located southwest of Austin. Formerly known as Waterstone, the development will consist of four buildings that will range in size from 152,940 to 335,879 square feet. Buildings will feature a mix of cross-dock and front-load configurations, 32- to 36-foot clear heights and a combined total of 232 dock-high doors, 10 drive-in doors and 994 parking spaces. Powers Brown is the project architect. Campbell Roche, Kyle Spencer, Will Mogk, Kristi Leonard, Ryan Pollack and Campbell Swango of JLL arranged $83.8 million in construction financing through Bank OZK and Affinius Capital on behalf of the partnership. JLL has also been retained as the leasing agent. Completion is slated for late 2025.

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IndustrialLeasing ActivityTexas

Stream Realty Partners Negotiates 300,000 SF Industrial Lease in Northeast Houston

by Taylor Williams

HOUSTON — Stream Realty Partners has negotiated a 300,000-square-foot, full-building industrial lease in northeast Houston. According to LoopNet Inc., the building at 9255 Railwood Drive was completed in 2003. Boone Smith and Garret Geaccone of Stream represented the landlord, New York City-based DRA Advisors, in the lease negotiations. Kent Willis of Colliers represented the tenant, nVntori, a provider of logistics and supply chain solutions.

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AcquisitionsHospitalityTexas

NewcrestImage Acquires 296-Room Beeman Hotel in Dallas

by Taylor Williams

DALLAS — Locally based hospitality investment and management firm NewcrestImage has acquired the 296-room Beeman Hotel in the Highland Park area of Dallas. The nine-story hotel was renovated in 2021 and houses an indoor pool, fitness center, 12,000 square feet of meeting and event space, coffee shop, video game lounge and an onsite barbeque restaurant. The seller and sales price were not disclosed. NewcrestImage has tapped Dallas-based Coury Hospitality to manage the property.

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AcquisitionsAffordable HousingMultifamilyTexas

Marcus & Millichap Brokers Sale of 248-Unit Affordable Housing Complex in Arlington

by Taylor Williams

ARLINGTON, TEXAS — Marcus & Millichap has brokered the sale of Rush Creek, a 248-unit affordable housing complex in Arlington. Built on 16 acres in 2004, the property offers two- and three-bedroom units and amenities such as a pool, afterschool children’s classroom, business center and a sports court. Wes Racht, Nick Fluellen, Bard Hoover and Sam Pettigrew of Marcus & Millichap represented the undisclosed seller in the transaction and procured the buyer, locally based real estate private equity company Brazos Residential.

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AcquisitionsIndustrialTexas

Bradford Arranges Sale of 19,000 SF Warehouse in Aledo, Texas

by Taylor Williams

ALEDO, TEXAS — Dallas-based brokerage firm Bradford Commercial Real Estate Services has arranged the sale of a 19,000-square-foot warehouse in Aledo, located west of Fort Worth. The two-tenant building was constructed on a four-acre site at 377 Savage Lane in 2017. Shane Benner of Bradford represented the buyer, an entity doing business as 4T4 Pack LLC, in the transaction. Cole Collins of Marcus & Millichap represented the seller.

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919-Third-Avenue
Leasing ActivityNew YorkNortheastOffice

Bloomberg Signs 924,876 SF Office Lease Extension, Expansion at 919 Third Avenue in Manhattan

by Taylor Williams

NEW YORK CITY — Bloomberg LP has signed a 924,876-square-foot office lease extension and expansion at 919 Third Avenue in Manhattan. The deal will see the business media and publishing giant retain its 749,035-square-foot space that covers floors two through 18 and floors 28 through 33. The original lease for that portion of the building expires in 2029, and the new extension runs through 2040. In addition, Bloomberg will expand its footprint within the building by 175,841 square feet via a new 15-year lease covering a portion of the 34th floor and the entire floors on levels 35 and 41 through 44. SL Green owns 919 Third Avenue, which rises 47 stories and spans 1.5 million square feet. The building was originally completed in 1970 and recently underwent a capital improvement program. Robert Alexander, Ryan Alexander, Emily Chabrier, Taylor Callahan, Alex D’Amario and Nicole Marshall of CBRE represented SL Green in the lease negotiations. Howard Fiddle, Chris Mansfield, Zach Weil and Ryan Luck, also with CBRE, represented Bloomberg, which also recently extended its office lease at 731 Lexington Avenue through 2040.

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AcquisitionsNew JerseyNortheastRetail

SRS Real Estate Negotiates $14.3M Sale of Northern New Jersey Retail Building Leased to LA Fitness

by Taylor Williams

LINDEN, N.J. — SRS Real Estate Partners has negotiated the $14.3 million sale of a 41,000-square-foot retail building in the Northern New Jersey community of Linden that is leased to LA Fitness. The building sits on a five-acre site within Legacy Square Shopping Center, and the gym opened last November. Kyle Fant, Britt Raymond, Matthew Mousavi and Patrick Luther of SRS represented the seller, a partnership between Dallas-based Cypress Equities and San Francisco-based Stockbridge Capital Group, in the transaction. Josh Kanter and Tony D’Ambrosia of NNN Pro represented the undisclosed buyer. Chris Marks and Steve Filippo of Marcus & Millichap Capital Corp. arranged an $8 million acquisition loan for the deal that carried a five-year term and 7.73 percent interest rate.

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