Saturday, February 7, 2026
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AlabamaDevelopmentMultifamilySoutheast

Arey Group Begins Leasing 198-Unit Taylor Apartments in Historic Downtown Opelika, Alabama

by John Nelson

OPELIKA, ALA. — Arey Group has begun leasing The Taylor, a 198-unit apartment community underway at 411 S. 10th St. in historic downtown Opelika, about seven miles from Auburn, Ala. Designed by Geheber Lewis Associates, the property will feature one-, two- and three-bedroom apartments available at monthly rates starting at $1,250. Focus Design Interiors designed the apartments, which will feature stainless steel appliances, quartz countertops and black and wood tone accents. Amenities will include a fitness center and an entertainment area. Arey Group plans to deliver The Taylor in the third quarter.

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AcquisitionsFloridaRetailSoutheast

Cushman & Wakefield Arranges Sale of 118,583 SF Shopping Center in Fort Myers, Florida

by John Nelson

FORT MYERS, FLA. — Cushman & Wakefield has arranged the sale of Market Square, a 118,583-square-foot shopping center located in Fort Myers. An affiliate of Centro Corp., a Florida-based shopping center owner and operator, purchased the asset for an undisclosed price. Mark Gilbert, Adam Feinstein and Mitchell Halpern of Cushman & Wakefield represented the seller, an affiliate of Nuveen Real Estate, in the transaction. Built in 1993, Market Square was fully leased at the time of sale to tenants including DSW, Total Wine and More and American Signature Furniture. The center is shadow-anchored by Super Target. 

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AcquisitionsAffordable HousingDevelopmentDistrict of ColumbiaLoansMultifamilySoutheast

NewPoint-Sponsored Fund Provides $13.3M Bond Financing for Affordable Housing Rehab in Southeast D.C.

by John Nelson

WASHINGTON, D.C. — NewPoint Real Estate Capital’s NewPoint Impact Fund I has provided $13.3 million in 501(c)(3) bond financing for Ridgecrest Apartments Phase II, a 128-unit affordable housing community in southeast Washington, D.C.’s Anacostia submarket. The New York-based borrower, The NHP Foundation, will use the funds to acquire, rehabilitate and recapitalize the community. Bryan Dickson of NewPoint arranged and structured the tax-exempt construction-to-permanent phased bond financing. Other capital partners in the development include DC Green Bank, the Office of the Deputy Mayor for Planning and Economic Development, DC Department of Housing and Community Development (DCHD) and the District of Columbia Housing Authority. The new financing will be combined with $29.2 million in soft debt and grants from the DCHD. Ridgecrest Phase II was previously operated as part of the larger Ridgecrest Village, a 1951-built development that NHPF purchased in 2019. After recapitalization, 20 percent of the Phase II units will be restricted at 30 percent of the area median income (AMI) to serve as permanent supportive housing. The remaining 80 percent of units will be restricted at 50, 60 and 80 percent of AMI. The garden-style apartment community features a mix of two- and three-bedroom units ranging in size from …

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AcquisitionsFloridaRestaurantRetailSoutheast

SRS Brokers $3.1M Sale of McDonald’s Ground Lease in Clearwater, Florida

by John Nelson

CLEARWATER, FLA. — SRS Real Estate Partners has brokered the $3.1 million ground-lease sale of a 5,447-square-foot McDonald’s restaurant in Clearwater. The restaurant was built in 2014 on a 1.4-acre site at 2871 Gulf to Bay Blvd., about 17 miles west of Tampa. Sean Lutz and Dan Elliot of SRS’ Chicago office represented the seller, a private investor based in Florida, in the transaction. The buyer, a New York-based private investor, purchased the land in a 1031 exchange at a closing cap rate of 3.87 percent, which is the lowest cap rate for a McDonald’s property sold on a national basis this year according to CoStar Group.

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Village-at-Mayfair-New-Braunfels
Build-to-RentLoansSingle-Family RentalTexas

Tower Capital Originates $47.4M Construction Loan for Build-to-Rent Project Near San Antonio

by Taylor Williams

NEW BRAUNFELS, TEXAS — Tower Capital, an Arizona-based boutique advisory firm, has originated a $47.4 million construction loan for Village at Mayfair, a 217-unit build-to-rent residential project that will be located in the northeastern San Antonio suburb of New Braunfels. The project’s 20-acre site will be part of the 1,900-acre Mayfair master-planned community. The cottage-style homes will have an average size of 1,023 square feet and will include private patios/yards. Amenities will include a pool, fitness center, outdoor grilling and dining stations and a clubhouse. The borrower is Arizona-based Empire Group of Cos. Construction will begin in the coming weeks, and the first homes are expected to be available for occupancy in the third quarter of 2025.

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DFW-Point35-Building-1
AcquisitionsIndustrialTexas

Newmark Brokers Sale of 267,280 SF Industrial Building in Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Newmark has brokered the sale of DFW Point35 — Building 1, a 267,280-square-foot industrial property in Fort Worth. Built in 2023, the rear-load building is part of a larger development and features 32-foot clear heights, 59 dock doors, two drive-in doors, 185-foot truck court depths and 75 trailer parking stalls. Dustin Volz, Stephen Bailey, Dom Espinosa, Zach Riebe, Chloie Mercer and Caroline Wilson of Newmark represented the seller, a partnership between Atlanta-based Stonemont Financial Group and Iron Point Partners, in the deal. The buyer was not disclosed. The building was fully leased to GITI Tire at the time of sale.

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AcquisitionsCompany NewsHospitalityTexas

Newcor Commercial Arranges Sale of Hotel Development Site in Spring, Texas

by Taylor Williams

SPRING, TEXAS — Locally based brokerage firm Newcor Commercial has arranged the sale of a one-acre hotel development site at 500 Rayford Road in the northern Houston suburb of Spring. David Alexander and Josh Cheatham of Newcor represented the buyer, an entity doing business as Shree Rang Krupa of Texas LLC, which plans to develop a 60-room Studio 6-Extended Stay hotel on the site. Construction is expected to begin in the coming weeks and to be complete in early 2026. Gus Lagos of Marcus & Millichap represented the seller, Woodlands Warehouse LLC.

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AcquisitionsIndustrialTexas

Alterra IOS Acquires 9.7-Acre Facility in Southeast Houston

by Taylor Williams

HOUSTON — Alterra IOS has acquired a 9.7-acre industrial outdoor storage facility (IOS) located at 9605 Galveston Road in southeast Houston. The property houses three buildings totaling 31,000 square feet that are currently vacant. According to Crexi, the buildings feature 18- to 21-foot clear heights, office and showroom space and four grade-level loading doors. The seller and sales price were not disclosed.

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IndustrialLeasing ActivityTexas

Finial Group Negotiates 15,000 SF Industrial Lease in Southeast Houston

by Taylor Williams

HOUSTON — Locally based brokerage firm Finial Group has negotiated a 15,000-square-foot industrial lease in southeast Houston. The building at 11026 Bay Commerce Drive is located within Gulfpoint Business Park. William Alcorn and Jason Gibbons of Finial Group represented the undisclosed landlord in the lease negotiations. Jack Perelman of Mohr Partners represented the tenant, industrial supplies distributor Alliance SouthernCarlson.

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Carney-Commerce-Center
DevelopmentIndustrialNew JerseyNortheast

Portman Completes 587,000 SF Industrial Project in Carneys Point, New Jersey

by Taylor Williams

CARNEYS POINT, N.J. — Atlanta-based developer Portman has completed Carney Commerce Center, a 587,000-square-foot industrial project in the Southern New Jersey community of Carneys Point. The site is located about 10 miles from the New Jersey-Delaware border and 30 miles from Philadelphia. The cross-dock facility features a clear height of 40 feet, 140 dock doors, 2,000 square feet of office space and parking for 318 cars and 244 trailers.

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