NEW YORK CITY — Lument Securities has arranged the $140 million sale of four long-term healthcare communities in West Virginia. Marx Development Group (MDG) purchased the 511-bed portfolio and has selected its subsidiary, Majestic Care, to operate the communities. Laca Wong-Hammond of Lument Securities represented the seller, the State of West Virginia, in the transaction. The properties include Hopemont Hospital in Terra Alta, Jackie Withrow Hospital in Beckley, John Manchin Sr. Health Care Center in Fairmont and Lakin Hospital in West Columbia. In addition to funding the purchase, the closing provides for a minimum of another $80 million that MDG has committed to using for the construction of three to five new long-term care communities in the coming years.
DORAL, FLA. — Bridge Industrial has recently received approval to redevelop a 16-acre office park located at 7775 N.W. 48th St. in Doral into Bridge Point Doral 826, a 268,702-square-foot, two-building industrial complex. The conversion project will transform the 1970s-era suburban office park in metro Miami’s Airport West submarket into a LEED-certified logistics hub. Bridge Industrial has begun preliminary site preparations at the property and will plan to deliver the project in first-quarter 2027. Bridge Point Doral 826 represents the second office-to-industrial conversion project in South Florida as the company recently redeveloped the former Ryder Systems headquarters into Bridge Point Flagler Station.
CHARLOTTE, N.C. — Maersk, a global integrated logistics and shipping company, has selected Charlotte for its North American corporate headquarters. The company will invest $16 million in Mecklenburg County and will grow its Charlotte workforce to 1,300 jobs. The location of the company’s new offices and identity of the landlord were not disclosed. Maersk is a subsidiary of Danish firm A.P. Moller-Maersk and was founded in 1904. The new headquarters in Charlotte will house key corporate functions — including finance, human resources, commercial strategy and technology — for its 10,000 North American employees. Maersk’s lease is the second headquarters relocation for Charlotte within a week as Scout Motors, a subsidiary of Volkswagen, announced its $206 million investment to move its regional headquarters to Charlotte.
NAPLES, FLA. — CBRE has brokered the sale of Altis Santa Barbara, a 242-unit apartment community located at 4710 Altis Drive in Naples. Northland purchased the property for an undisclosed price. Robert Given, Neal Victor and Chris Smiles of CBRE represented the seller, a joint venture sponsored by Altman, in the transaction. Tracy Kennedy, Tony Stein and Ryan Hall with CBRE assisted Northland with acquisition financing. Delivered in 2024, Altis Santa Barbara offers one-, two- and three-bedroom units, as well as private patios or balconies for all units and direct-access garages for select units.
SAN DIEGO — A joint venture between Greystar, Kanden Realty & Development America and Tokyo Tatemono has broken ground on Accolade Campanile, a 605-bed student housing development serving students attending San Diego State University. The development will rise six stories and offer 310 units at the southwest corner of Montezuma Road and Campanile Drive. Shared amenities are set to include a pool and spa; multiple outdoor kitchens and gathering spaces; fire pits; a fully equipped indoor/outdoor fitness center; multiple clubhouses; recreation and game lounges, including a speakeasy; indoor bicycle storage; a dog spa; and dedicated study spaces on each floor. The property will also feature ground-floor retail space. The community was designed by JWDA Architects. Construction financing was provided by Helaba Landesbank Hessen-Thüringen. The project is scheduled for completion in June 2028 with leasing set to begin in August 2027.
QUEEN CREEK, ARIZ. — Vestar has completed Queen Creek Crossing, a 400,000-square-foot retail development located in Queen Creek, approximately 40 miles southeast of Phoenix. Costco anchors the property, which is fully leased. Other tenants include Ashley Furniture, Hobby Lobby, BJ’s Restaurant and Brewhouse, Ono Hawaiian BBQ, Smoothie King, Sleep Number, Fleet Feet, Well Groomed Pets, Desert Financial Credit Union, Natural Pediatrix, Gallery Nails and Snip-Its. Additionally, The Habit Burger and Grill is scheduled to debut in December, while U.S. Bank is expected to open in late 2026. Vestar originally broke ground on the 31-acre development in 2022.
MESA, ARIZ. — Diversified Partners has announced plans to develop East Gate Plaza, a $60 million retail destination at the northeast corner of Elliot and Ellsworth roads in Mesa. Spanning approximately 7 acres, East Gate Plaza is located within the master-planned community of Eastmark and the emerging Superstition Vistas region, a planned 275-square-mile area of developable residential and commercial opportunities. East Gate Plaza will feature distinctive building designs, pedestrian-friendly layouts and a professional curated tenant mix. Current confirmed tenants include Starbucks Coffee, Einstein Bros. Bagels, Discount Tires, FitFX, WingSnob, Señor Taco, Farmer Boys, Zeitouna, Fresh Monkee, Port of Subs, Ono Hawaiian BBQ, Euphoria Nail Salon, Playa Bowls, Hand & Stone Spa, Kolache Café and Andi’s Hair Salon (AVEDA). Additional tenants will include a dental office, a veterinary practice, a med spa, family medicine practice and a restaurant with a bar. The project will also feature the Cambria Hotel. Construction is underway, with delivery slated for first-quarter 2026. Walt Brown Jr. and Robert Mayhew of Diversified Partners are leading the development team. Matt Pergola, Brandon Vasquez and Austin Payne of Diversified Partners CRE are handling brokerage services for the project.
HENDERSON, NEV. — Maverick Commercial Mortgage has arranged two loans totaling $36.4 million in Henderson. Maverick closed a $28 million CMBS loan for the owner, developer and operator of a shopping center in Henderson. The undisclosed borrower, which has owned the property since 2015, will use the loan to refinance the in-place loan and equity. The financing is a five-year, interest-only loan that will provide the borrower long-term, fixed-rate financing to leverage its property and provide steady cash flows. Maverick also closed an $8.4 million land loan for the owner and developer of a land parcel in Henderson. The undisclosed borrower has owned the property since 2015, and is using the loan proceeds to continue the development of the site with retail tenants and quick-service restaurants. This financing will be paid off by the sales of the individual parcels.
MENIFEE, CALIF. — Patrinely, in partnership with affiliates of Dune Real Estate Partners, has completed the sale of a newly constructed warehouse building at Gateway at Menifee, a logistics campus at the intersection of I-215 and Scott Road in Menifee. Located at 33580 Zeiders Road, the property offers 93,575 square feet of Class A industrial space. The remaining two available buildings total 450,540 square feet (229,934 square feet and 220,606 square feet) and feature 36-foot clear heights, 81 total dock-high doors and 185-foot truck court depths each. Patrinely developed the project. Eloy Covarrubias, Joe Werdein, Rob Gunness and Garry Jenkins of CBRE are handling leasing and sales under the direction of Phillip Moore and Dennis Tarro of Patrinely.
OSAGE BEACH, MO. — X Caliber Capital Holdings LLC has structured a $285 million Rural PACE-X financing for the ground-up construction and redevelopment of the Oasis at Lakeport in Osage Beach. The resort and entertainment project has a total cost of $495 million. Plans call for a Marriott hotel with 402 rooms, a conference center, indoor waterpark, amusement park and various amenities. The $285 million financing consists of $220 million of conventional senior-secured debt through an affiliate of X-Caliber Rural Capital, XRL-ALC LLC, and $65 million of Commercial Property Assessed Clean Energy (C-PACE) financing through CastleGreen Finance. The financing marks X-Caliber’s largest Rural PACE-X transaction closed to date since the product launched in late 2024. Rural PACE-X is a proprietary financing solution that provides high-leverage financing for ground-up construction projects in micro-rural areas. The C-PACE financing is the largest to date for the state of Missouri and for CastleGreen Finance, according to X-Caliber. Gregg Delany, Ken Lorman and Gabe Mashaal of X-Caliber Advisors originated and structured the financing on behalf of Tegethoff Development Co. The project’s energy-efficiency design is estimated to save around $11 million in costs over the lifetime of the improvements. The Oasis at Lakeport is expected to …