Friday, June 26, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Property Type

Extended-Stay-America-Belgrade-MT
DevelopmentHospitalityMontanaWestern

Rimrock Cos. Develops First Extended Stay America Premier Suites Hotel in Montana

by Amy Works

BELGRADE, MONT. — Rimrock Cos. has developed the first Extended Stay America-branded hotel in Montana. Located at 101 Abby St. in Belgrade, the four-story Extended Stay America Premier Suites Belgrade – Bozeman – Yellowstone Airport offers 124 guest rooms and convenient access to the area’s top attractions and businesses. The hotel features free Wi-Fi, complimentary breakfast, premium cable, a 24-hour fitness room, on-site guest laundry, a dedicated pet area, and a grill and picnic area, as well as the Extended Stay America Premier Suites’ signature lobby with vending options. Each suite includes signature bedding, recliner, workspace and a fully equipped kitchen with a full-size refrigerator, microwaves, stovetops, cookware, utensils and dishes. Hotel Management & Consulting will manage the hotel.

Continue Reading
FacebookTwitterLinkedinEmail
CommCap-Spencer-St-Las-Vegas-NV
IndustrialLoansNevadaWestern

CommCap Advisors Secures $7.2M in Refinancing for Industrial Property in Las Vegas

by Amy Works

LAS VEGAS — CommCap Advisors has arranged $7.2 million in refinancing for Spencer Street Industrial in the Las Vegas Airport submarket. The borrower was Spencer Street Investors LLC. The property consists of two single-story multi-tenant warehouse and distribution facilities totaling 162,342 rentable square feet. CommCap Advisors secured the full-term interest-only loan through one of CommCap’s correspondent life insurance companies.  

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityNortheastPennsylvaniaRetail

Kids Empire Opens 12,000 SF Indoor Playground in Warminster, Pennsylvania

by Taylor Williams

WARMINSTER, PA. — Kids Empire has opened a 12,000-square-foot indoor playground in Warminster, a northern suburb of Philadelphia. The space is located within the 266,000-square-foot Center Point Place shopping center and features floor-to-ceiling climbing walls, play structures, ball pits, slides and interactive games. Rob Samtmann of Equity Retail Brokers represented Kids Empire in the lease negotiations. Westover Commercial owns Center Point Place.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndianaMichiganMidwestOhioRetail

SpartanNash Acquires 49-Store Fresh Encounter Supermarket Chain in Midwest

by Kristin Harlow

GRAND RAPIDS, MICH.— Grand Rapids-based food solutions company SpartanNash has acquired Fresh Encounter Inc. (FEI), a 49-store supermarket chain with locations in Ohio, Indiana and Kentucky. This move expands SpartanNash’s retail footprint by 33 percent and marks the company’s second retail acquisition this year, following its purchase of Metcalfe’s Market in April. FEI operates stores under the banners Community Markets, Remke Markets, Chief Markets and Needler’s Fresh Market, and has been a food distribution customer of SpartanNash for 58 years. The transaction is expected to close in late November, subject to customary conditions.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIllinoisMidwestRetail

Mid-America Arranges Sale of 54,147 SF Retail Center in Geneva, Illinois

by Kristin Harlow

GENEVA, ILL. — Mid-America Real Estate Corp. has arranged the sale of Randall Square Shops in Geneva, about 40 miles west of Chicago. The sales price was undisclosed. The 54,147-square-foot retail center is home to McAlister’s Deli, Hand and Stone Massage, For Eyes, Men’s Wearhouse, Golf Tec, Milan Laser and Popeye’s. Joe Girardi and Emily Gadomski of Mid-America represented the seller, Viking Partners. Chicago-based Northpond Partners was the buyer.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMidwestMinnesotaMultifamily

Marcus & Millichap Negotiates Sale of 103-Unit Wheelock Parkway Apartments in St. Paul

by Kristin Harlow

ST. PAUL, MINN. — Marcus & Millichap has negotiated the sale of Wheelock Parkway Apartments in St. Paul for an undisclosed price. Located at 1609 N. Woodbridge St., the property features 44 one-bedroom units and 59 two-bedroom units across 85,580 rentable square feet. Amenities include an outdoor pool, laundry facilities, picnic areas, a walking path and playground. Constructed between 1965 and 1967, the community is situated near Como Park Zoo and Rosedale Center. Chris Collins, Evan Miller, Eric Wagner, Matthew Shide and Zack Olson of Marcus & Millichap represented the seller, a Minnesota-based limited liability company, and procured the undisclosed buyer.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIllinoisIndustrialMidwest

Brown Commercial Group Brokers Sale of 18,500 SF Industrial Building in Batavia, Illinois

by Kristin Harlow

BATAVIA, ILL. — Brown Commercial Group has brokered the sale of an 18,500-square-foot industrial building in the Chicago suburb of Batavia for an undisclosed price. Dan Brown of Brown Commercial Group represented the seller, Robart Manufacturing. Luke Dummitt of Brown Commercial Group represented the buyer, Acevision, an ultrasound sales, parts and repair provider. The company is expanding from its 9,000-square-foot lease in St. Charles, Ill.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIllinoisMidwestRestaurantRetail

Boulder Group Arranges $3.1M Sale of Andy’s Frozen Custard-Occupied Property in Illinois

by Kristin Harlow

SAINT CHARLES, ILL. — The Boulder Group has arranged the $3.1 million sale of a 2,090-square-foot property net leased to Andy’s Frozen Custard in Saint Charles, about 45 miles west of Chicago. The single-tenant building is located at 2630 E. Main St. and serves as an outparcel to the Foxfield Commons shopping center. Randy Blankstein and Jimmy Goodman of Boulder represented the seller, a Midwest-based development firm, and the buyer, a local real estate group. The asset features a 15-year lease that commenced in 2023 following the completion of construction.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentFloridaLoansMultifamilySoutheast

Berkadia Originates $110.7M in Financing for Two Multifamily Developments in Florida

by John Nelson

BRADENTON AND MELBOURNE, FLA. — Berkadia has originated two loans totaling $110.7 million for two multifamily developments in Bradenton and Melbourne. Alec Fox of Berkadia’s Tampa office secured the financing on behalf of the sponsor, Charlotte-based Madison Capital Group. Berkadia secured $60 million in construction financing for Madison Bradenton, consisting of a $47 million senior loan provided by Peachtree Group and a $13 million mezzanine loan from Hickory CRE. The second transaction was $50.7 million in aggregate financing for Madison Midtown in Melbourne, consisting of a $33.5 million senior loan provided by First Citizens Bank and $17.2 million in preferred equity from Forum Capital Advisors. Both properties will consist of 240 units and are slated for completion in 2026.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialTexas

Newmark Negotiates Sale of 480,614 SF Industrial Property in McKinney, Texas

by Taylor Williams

MCKINNEY, TEXAS — Newmark has negotiated the sale of a 480,614-square-foot industrial property in the northern Dallas suburb of McKinney. The property at 801 Harry McKillop Blvd. is part of McKinney National Business Park, a five-building, 945,000-square-foot development that was built in 2022 on a speculative basis on a 64-acre site adjacent to McKinney National Airport. Dustin Volz, Stephen Bailey, Dom Espinosa, Zach Riebe, Jack Fraker and Caroline Wilson of Newmark represented the seller, Transwestern Development Co., in the transaction. CBRE Investment Management purchased the property for an undisclosed price.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts