MESA, ARIZ. — CRE8 Advisors has arranged the $6.1 million sale of a newly constructed industrial building located at 7320 E. Pecos Road in Mesa. ADV Reline Service Inc. acquired the asset from Cavan Commercial. The buyer, an underground piper repair company, will utilize the facility to support its operations and continued growth. The 15,796-square-foot property is located within the Pecos 17 Industrial Development and features a secure, fenced yard.
CHICAGO — Related Midwest has begun leasing for the North Tower of 400 Lake Shore Drive, a 72-story apartment tower in Chicago’s Streeterville neighborhood. Once complete in March 2027, the 857-foot high-rise will deliver 635 rental apartments on the waterfront site. The North Tower comprises two distinct rental offerings: The Collection, spanning floors three through 43, and The Residences, occupying floors 46 through 70. Each will feature its own dedicated lobby entrance and design aesthetic while sharing access to the 400 Club, which features more than 30,000 square feet of amenities, including the city’s highest full-floor fitness center in a residential building. The Collection will include 520 units ranging from 520 to 1,240 square feet, while The Residences will encompass 115 floor plans ranging from 1,010 to 3,740 square feet. March and White Design created the building interiors, while David Childs and the Chicago office of Skidmore, Owings & Merrill designed the property. The full plan calls for two high-rises, beginning with the North Tower, which is being co-built by LR Contracting and BOWA Construction.
KANSAS CITY, MO. — Gantry has secured a $30.5 million permanent loan to refinance maturing debt for a 603,000-square-foot warehouse located in the Skyport Industrial Center in Kansas City’s Northland submarket. The multi-tenant facility underwent a full renovation in 2023 and is now fully leased. The building features a clear height of 32 feet, 22,000-square-foot bay size, 135-foot-deep truck court, cross dock expansion capacity and access to the Kansas City International Airport, I-29 and I-435. Mark Reichter of Gantry represented the borrower, a private real estate investor. A life insurance company provided the seven-year, fixed-rate nonrecourse loan, which includes one year of interest-only payments transitioning to a 30-year amortization. Gantry will service the loan for the lender.
ILLINOIS AND INDIANA — Matthews has arranged the $16.1 million sale of a four-hospital veterinary portfolio in Illinois and Indiana. Michael Moreno, Rahul Chhajed and Andrew Evans of Matthews arranged the sale, with Kyle Matthews serving as broker of record. The assets total 37,718 square feet and are leased to two veterinary operators under triple net lease structures. The seller brought the portfolio to market as the down leg of a 1031 exchange, and the buyer was looking to expand its veterinary portfolio.
ILLINOIS, OHIO AND WISCONSIN — Quantum Real Estate Advisors Inc. has brokered the sale of a five-property retail portfolio totaling roughly 67,000 square feet. The centers are located in Aurora, Illinois; Milford and South Lebanon, Ohio; and Appleton and Kenosha, Wis. Dan Waszak and Brett Berlin of Quantum represented the seller, a private syndicator based on the East Coast. The buyer was a global real estate investment manager focused on acquiring niche property types, including essential service retail.
By John Schenk and Parker Gilmore, CBRE For two decades, Cincinnati did not see many new apartment projects built compared with its peer cities, with annual deliveries trickling along at roughly 965 units between 2000 and 2020, while merchant builders showed a preference to Columbus or Indianapolis for their predictability. But 2021 marked the beginning of a breakout period as a favorable macroeconomic backdrop, along with surging national and regional appetite, conditioned a thunderstorm of new development at the record-breaking tune of over 3,000 units per year. A combination of economic growth, demographic shifts, refreshed renter expectations and institutional capital interest has positioned Cincinnati as one of the Midwest’s most compelling multifamily investment stories as of late. The numbers tell a story of Midwestern confidence. Cincinnati recorded nearly $943 million in multifamily sales volume for 2025, representing 7,381 units traded — a dramatic increase from 2024’s $517 million and 2023’s $314 million. Blended pricing reached approximately $122,834 per unit with transaction counts on the rise as investors sought exposure to the fundamentals Cincinnati offered so well. Behind the surge in transaction activity is a fundamental shift in how developers, investors and residents are viewing the Queen City’s investment potential. A …
HOUSTON — Houston-based multifamily owner, developer and manager Camden Property Trust (NYSE: CPT) has completed the sale of a multifamily portfolio in Southern California for $1.6 billion. The portfolio comprises 11 properties spanning 3,620 units. An entity managed by BlackRock Inc. (NYSE: BLK) was the buyer. Trailing 12-month occupancy across the portfolio was 96 percent at the time of sale. Properties in the portfolio include The Camden, a 287-unit community in the Hollywood entertainment district of Los Angeles that features an Equinox gym on the ground level; Camden Crown Valley, a 380-unit community in Mission Viejo; Camden Landmark, a 469-unit community in Ontario; and Camden Hillcrest, a 132-unit community in San Diego’s Hillcrest neighborhood. Blake Rogers, Alexandra Caniglia, Kip Malo and Dillon Bergum of JLL Capital Markets brokered the transaction. This marks one of the largest multifamily transactions in Southern California to date, according to the brokerage. “Southern California has long been one of the most durable multifamily markets in the country,” says Derek Helgeson, co-head of U.S. real estate at BlackRock. “Camden has built and operated these communities to an exceptionally high standard, and we are grateful to them for a thoughtful and collaborative sale process.” Additionally, Kevin Mackenzie, …
The Lee & Associates’ 2026 Q2 North America Market Report finds that commercial real estate fundamentals are improving, but the pace of recovery varies significantly by property type and market. Office and retail sectors are showing renewed momentum, industrial demand continues to recover unevenly amid trade uncertainty and multifamily fundamentals are stabilizing as new supply begins to moderate. Across all sectors, investors and occupiers remain highly selective in an evolving market. Sponsored: Download Lee & Associates’ 2026 Q2 North America Market Report. Industrial Overview: Recovering Demand Is Uneven Amid Trade Tensions Demand for North American industrial space in the second quarter continued to recover from slowing caused by heightened trade uncertainties that began early last year. Modest tenant expansion in the United States remains well off pre-COVID average growth. In the United States, 44.4 million square feet of net absorption in the second quarter brought the mid-year total to 77.1 million square feet, about 30 percent less than the pre-pandemic five-year average. First-half deliveries fell to 93 million square feet, which included 44.4 million square feet in the first quarter — the least in seven years. Although supply additions have moderated, the pullback in tenant demand over the past three years …
HOUSTON — The University of St. Thomas has broken ground on a 400-bed residence hall project on the institution’s campus in Houston. The 95,000-square-foot development will include a dedicated chapel and prayer room, courtyard and multi-use lounges and collaborative study zones. Units will be offered in two-, three- and four-bedroom configurations for single or double occupancy. The property will also be home to two staff apartments. The design team for the project included global architecture firm Corgan and The Lawrence Group. A tentative completion date was not announced.
MIDLOTHIAN, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the sale of a 236-unit apartment complex in the southern Dallas suburb of Midlothian. Built in 2020, The Mark at Midlothian offers one- and two-bedroom units with an average size of 881 square feet and amenities such as a pool, fitness center, business center and a dog park. Michael Ware, Joey Tumminello, Drew Kile, Taylor Hill and Jack Windham of IPA represented the seller and procured the buyer, both of which requested anonymity, in the transaction.
