Saturday, February 7, 2026
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AcquisitionsFloridaRetailSoutheast

SRS Negotiates $6.1M Sale of Retail Strip Center in Ocala, Florida

by John Nelson

OCALA, FLA. — SRS Real Estate Partners has negotiated the $6.1 million sale of a nearly 15,000-square-foot retail strip center located at 3701 S.W. College Road in Ocala, a city in Central Florida. Built in 1991 and renovated earlier this year, the multi-tenant property was fully leased at the time of sale to Lumber Liquidators, IVXpress, Dan’s Fan City and MUV Dispensary. The center is situated on a 1.2-acre site near I-75 and serves as an outparcel to The Home Depot. Patrick Nutt, William Wamble and Daniel Becker of SRS represented the seller, a private investor based in Florida, in the transaction. The buyer was also a private investment firm based in South Florida.

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Affordable HousingLoansMidwestMultifamilyOhio

National Church Residences Receives LIHTC Financing for Two Affordable Housing Projects in Ohio

by Kristin Harlow

COLUMBUS AND MACEDONIA, OHIO — National Church Residences has received two 9 percent Low-Income Housing Tax Credits (LIHTC) awards from the Ohio Housing Finance Agency for two affordable housing projects in Ohio. Divinity Landing is a new 54-unit affordable seniors housing property to be developed in Macedonia, a suburb of Akron. The three-story property will feature a community room, exercise center, multipurpose room, outdoor patio and onsite walking paths. The Commons at Grant, an existing 100-unit permanent supportive housing community in Columbus, was originally constructed in 2002 through the 9 percent LIHTC program. The development provides affordable housing for formerly homeless, veterans and disabled individuals. The planned renovation will include upgrades to apartments and common areas, as well as a new roof and windows. Construction on both projects is slated to begin as early as spring 2025.

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AcquisitionsIndianaMidwestRetail

Marcus & Millichap Brokers $1.5M Sale of Former Walgreens Building in Fort Wayne, Indiana

by Kristin Harlow

FORT WAYNE, IND. — Marcus & Millichap has brokered the $1.5 million sale of a retail building formerly occupied by Walgreens in Fort Wayne. The property is located at 1701 E. Paulding Road. David Klink and Jordan Klink of Marcus & Millichap represented the buyer and seller, both of which were limited liability companies.

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AcquisitionsArizonaFloridaMidwestOhioOregonRetailSoutheastTop StoriesWestern

Pine Tree Acquires 2.5 MSF Retail Portfolio from SITE Centers for $495M

by Jeff Shaw

NORTHBROOK, ILL. — Pine Tree, in partnership with a state pension fund, has purchased six open-air shopping centers from SITE Centers Corp. (NYSE: SITC) for $495 million.  The portfolio comprises 2.5 million square feet and includes properties in metros such as Fort Lauderdale, Florida; Columbus, Ohio; Cincinnati; Phoenix; and Portland, Oregon. The assets included in the portfolio are: The portfolio’s retail anchors include Kroger, New Seasons Market, The Fresh Market, Target, Ulta Beauty, Nordstrom Rack, Dick’s Sporting Goods and 13 stores leased by TJX Cos. Pine Tree is a retail developer and management company based in Northbrook, Illinois. The deal, which was sourced off-market, brings Pine Tree’s assets under management to a total of approximately $2.5 billion and 20 million square feet. SITE Centers is a retail REIT based in Beachwood, Ohio. The SITC stock price opened at $14.56 on Friday, June 14, up slightly from $13.19 one year prior. — Channing Hamilton

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IllinoisMarket ReportsMidwestMidwest Market ReportsOffice

The Good News for Chicago’s Office Market

by Kristin Harlow

By Dougal Jeppe, Colliers Over the past few years, we have been inundated with less than positive industry news. While it’s true we are at a historic moment in commercial real estate, and users are facing complex, never-before-seen questions about how to use their space, there remain many positives as we head toward the second half of 2024. So, let’s take a look at the good news from the Chicago office market. For now, downtown Chicago remains a tenant’s market, a trend expected to persist throughout 2024. With over 47.2 million square feet of office space available, tenants have a plethora of high-quality options to choose from, making it an opportune time for businesses seeking favorable lease terms to secure space.  And companies are doing just that. There has been a recent uptick in large space renewals by long-term office tenants including some consolidations reflecting the commitments many Fortune 500 companies, such as Mesirow and PNC Bank, have made to the City of Chicago.  Notably, JPMorgan Chase announced plans to reinvest in Chicago by renovating its namesake tower and keeping its 7,200 employees in the city. Similarly, Google has committed to the Central Loop, and plans to move about 1,000 …

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The-Luxx-San-Antonio
AcquisitionsMultifamilyStudent HousingTexas

Palladius Capital Management Buys 694-Bed Student Housing Community in San Antonio

by Taylor Williams

SAN ANTONIO — Austin-based investment firm Palladius Capital Management has purchased The Luxx, a 694-bed student housing community that serves students at the University of Texas at San Antonio (UTSA). Built in 2014, the property is located roughly a mile from campus and offers one-, two- and four-bedroom layouts across 220 units with bed-to-bath parity. Amenities include a pool, study spaces, volleyball court, fitness center, dog park and outdoor grills and dining stations. Palladius plans to implement a value-add program. The seller and sales price were not disclosed.

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3900-Lemmon-Ave.-Dallas
DevelopmentMultifamilyTexas

Trademark Receives Zoning Approval for 400-Unit Multifamily Project in Dallas

by Taylor Williams

DALLAS — Trademark Property Co. has received approval from the Dallas City Council to rezone the site at 3900 Lemmon Ave. in the Oak Lawn area. The Fort Worth-based developer plans to construct a multifamily community with more than 400 units at the corner of Lemmon Avenue and Reagan Street. The building will rise three to seven stories and encompass three acres. The preliminary design includes plans for pocket parks, an amenity terrace and a ground-floor restaurant. Dallas-based GFF is the project architect. A construction timeline has not yet been established. 

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LoansMixed-UseTexas

Dwight Capital Provides $58.6M HUD-Insured Loan for Amarillo Mixed-Use Property

by Taylor Williams

AMARILLO, TEXAS — New York City-based Dwight Capital has provided a $58.6 million HUD-insured loan for Residences at Town Square, a 32-acre mixed-use property in Amarillo that consists of 480 residential units and 121,360 square feet of commercial space. The residential component comprises four five-story apartment buildings, and the commercial space houses a dental office, nail bar, spa, retail merchandising and restaurant users. Daniel Malka of Dwight Capital originated the debt through HUD’s 223(f) program on behalf of the borrower, Williams Group. Daniel Hartnett of Greysteel served as the loan correspondent.

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AcquisitionsMultifamilyTexas

S2 Capital Acquires 202-Unit Multifamily Property in Southwest Austin

by Taylor Williams

AUSTIN, TEXAS — Dallas-based investment firm S2 Capital has acquired Vineyard Hills, a 202-unit multifamily property in southwest Austin. The site spans 11 acres, and the property features one-, two- and three-bedroom floor plans. Amenities include a pool, spa, dog park and outdoor grilling and dining stations.  Ryan McBride, Robert Arzola, Robert Wooten, Alex Fernandes and Nick Beardslee of JLL represented the seller, Bob Reeves, in the transaction. Mark Brandenburg, also with JLL, arranged an undisclosed amount of acquisition financing for the deal through Benefit Street Partners. S2 Capital acquired the property in conjunction with Belle Rive Club Apartments, a 104-unit complex in Jacksonville, Fla.

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AcquisitionsRestaurantRetailTexas

Marcus & Millichap Brokers Sale of 5,677 SF Retail Building Leased to IHOP in Spring, Texas

by Taylor Williams

SPRING, TEXAS — Marcus & Millichap has brokered the sale of a 5,677-square-foot retail building in the northern Houston suburb of Spring. The building is located along the I-45 corridor and is leased to breakfast eatery IHOP, which has 15 years remaining on its lease. John Paine of Marcus & Millichap represented the seller, metro Atlanta-based investment firm Greenleaf Property Management, in the transaction. Paine also procured the buyer, a California-based 1031 exchange investor.

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