Thursday, January 29, 2026
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Martinez-Elementary-School-Denton
CivicDevelopmentTexas

Balfour Beatty Completes Three Elementary Schools in Denton, Texas

by Taylor Williams

DENTON, TEXAS — General contractor Balfour Beatty has completed construction of three elementary schools in the North Texas city of Denton. Designed by Pfluger Architects, Hill Elementary, Martinez Elementary and Reeves Elementary are all part of the Denton Independent School District (ISD) and can each support about 750 students. At each school, a central hub merges the library, dining and outdoor spaces and functions into one open core from which classrooms and areas for special programs extend.

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SDCCD-Michaels-Org-Apts-San-Diego-CA
Affordable HousingCaliforniaDevelopmentMultifamilyStudent HousingWestern

San Diego Community College District, Michaels Break Ground on 787-Bed Affordable Student Housing Community 

by Amy Works

SAN DIEGO — A partnership between the San Diego Community College District (SDCCD) and The Michaels Organization has broken ground on a 787-bed student housing development at 1601 B St. in downtown San Diego. The seven-story community, designed by TCA Architects, will offer 283 affordably priced units. Shared amenities are set to include study lounges, tutoring spaces, a mental health and wellness center, outdoor courtyards, shared kitchens, a basic needs food pantry and a rooftop lounge. The community will be the first development by the SDCCD and is scheduled for completion in fall 2028.

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ColoradoDevelopmentMultifamilyWestern

Thompson Thrift to Develop 336-Unit Multifamily Community in Colorado Springs

by Amy Works

COLORADO SPRINGS, COLO. — Thompson Thrift plans to develop Venture on Venetucci, a 336-unit apartment property in Colorado Springs, with delivery slated for March 2027. The Thompson Thrift 2025 Multifamily Development LP will provide equity capital for the development. Situated on 16.5 acres at 4446 Venetucci Blvd., Venture on Venetucci will feature one-, two- and three-bedroom apartments averaging 1,000 square feet. Each residence will include premium interior finishes, such as quartz countertops, stainless steel appliances, glass-top ranges, tile backsplashes and hardwood-style floorings. Other unit amenities will include large walk-in closets, walk-in showers, patio and balcony options, private yard options, detached garages, full-size washers and dryers, high-speed internet access and an Amazon package hub. Community amenities will include a fully equipped fitness center with 24-hour access, a heated swimming pool, community grilling areas, a pickleball court, billiards, shuffleboard, dog park, pet spa with grooming stations and a resident business center with a conference room and focus suites.

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Cimarron-Apts-Mesa-AZ
AcquisitionsArizonaMultifamilyWestern

Rockwell Property Co. Acquires Cimarron Apartments in Metro Phoenix for $33M

by Amy Works

MESA, ARIZ. — Chicago-based investment firm Rockwell Property Co. has acquired Cimarron Apartments in the Phoenix suburb of Mesa for $33 million. The seller was a local family that had owned Cimarron as part of a portfolio for approximately 10 years. The acquisition marks Rockwell’s sixth purchase in Arizona and the first in the city of Mesa. Built in 1985, the 210-unit garden-style community spans about 5 acres and features gated parking, an interior courtyard, a fitness center, a resort-style pool and hot tub, a dog park and a lawn games area. Rockwell is planning a value-add program that will focus on select unit upgrades and amenity enhancements. The site includes developable land for additional apartments on the northeast corner of the site.

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Palmilla-Center-Phoenix-AZ.jpg
AcquisitionsArizonaCaliforniaRetailWestern

Brixton Capital Forms JV with TriPost to Recapitalize Two Retail Centers in Arizona, California

by Amy Works

BEAUMONT, CALIF. AND PHOENIX — Brixton Capital has recapitalized two of its grocery-anchored retail properties in a joint venture with TriPost Capital Partners, which acquired a stake in the two-property portfolio. This transaction marks the second investment out of TriPost’s Asset Solutions strategy. The portfolio includes Marketplace Beaumont, a 177,000-square-foot shopping center in Beaumont, and Palmilla Center, a 104,000-square-foot property in Phoenix. Marketplace Beaumont is 99 percent occupied by Aldi, Ross, HomeGoods and Best Buy, and Palmilla Center is 99 percent occupied by OfficeMax, PetSmart and Dollar Tree.

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Lodge-North-Ogden-UT
AcquisitionsMultifamilySeniors HousingUtahWestern

Blueprint Brokers Sale of 122-Unit Seniors Housing Property in Utah

by Amy Works

NORTH OGDEN, UTAH — Blueprint has brokered the sale of The Lodge at North Ogden, a 122-unit senior living property located in North Ogden, roughly 50 miles north of Salt Lake City. Opened in 2019, the community features independent living, assisted living and memory care residences. An undisclosed, non-traded REIT partnered with a regional operator and acquired the property for an undisclosed price. Amy Sitzman and Giancarlo Riso of Blueprint arranged the transaction on behalf of the seller. 

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3100-Monticello-Dallas
LoansOfficeTexas

JLL Arranges Refinancing of 175,193 SF Office Building in Dallas

by Taylor Williams

DALLAS — JLL has arranged the refinancing of 3100 Monticello, a 175,193-square-foot office building in the Highland Park area of Dallas. The loan amount was not disclosed. The nine-story building was 90 percent leased at the time of sale. Built in the 1980s, the property has been the beneficiary of more than $4 million in upgrades to the lobby, tenant spaces, amenity areas and HVAC systems throughout the hold period of the borrower, Dallas-based Prescott Group. Trey Morsbach, Jarrod McCabe, Jordan Buck and Riley Alam of JLL arranged the five-year loan through an unnamed local bank.

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DevelopmentIllinoisIndustrialLoansMidwestMultifamily

BBCP Arranges $41.5M in Financing for Industrial-to-Multifamily Conversion Project in Peoria, Illinois  

by Kristin Harlow

PEORIA, ILL. — Black Bear Capital Partners (BBCP), a subsidiary of Black Bear Asset Management, has arranged $41.5 million in financing for the redevelopment of two warehouse buildings located at 800 and 801 SW Washington St. in Peoria. Oculus Development is the owner and developer. BBCP arranged the financing in two components, both with Southern Bank. A $28.5 million construction loan features a three-year term, fixed interest rate, interest-only payments for the full term and a 66 percent loan-to-cost ratio. A $13 million historic tax credit bridge loan features a two-year term, floating interest rate, interest-only payments for the full term and a 90 percent loan-to-cost ratio. BBCP also assisted in sourcing the historic tax credit equity. The project will feature 170 apartment units and 2,500 square feet of commercial space across two adjoining warehouse buildings. Plans call for a mix of studio, one- and two-bedroom units along with 237 parking spaces. Amenities will include community lounges, laundry rooms, pet grooming stations, a fitness center, bike storage, package rooms, a reading room, movie theater, game room, pet run and courtyard.

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AcquisitionsIllinoisMidwestRetail

Marcus & Millichap Brokers $12.5M Sale of Walmart-Occupied Retail Property in Metro Chicago

by Kristin Harlow

ROLLING MEADOWS, ILL. — Marcus & Millichap has brokered the $12.5 million sale of a 130,200-square-foot retail property occupied by Walmart in the Chicago suburb of Rolling Meadows. Built in 2000 and renovated in 2016, the single-tenant property sits on 9.8 acres at 1460 Golf Road. Walmart, which recently signed a long-term lease extension with an absolute net structure backed by a corporate guarantee, has occupied the space for nearly 25 years. Ashish Vakhariya, Seth Haron, Darin Gross and Steven Weinstock of Marcus & Millichap represented the private equity fund seller and procured the institutional buyer.

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Leasing ActivityMidwestOhioRetail

Dick’s House of Sport Opens 100,000 SF Store at SouthPark Mall Near Cleveland

by Kristin Harlow

STRONGSVILLE, OHIO — Dick’s House of Sport has opened at SouthPark Mall in Strongsville, marking the first location of the retailer’s experiential concept in greater Cleveland. The two-level, 100,000-square-foot store transforms the former Sears anchor space into a destination for sports enthusiasts. Dick’s House of Sport offers customers the opportunity to try, practice and play in-store. The location features a rock-climbing wall, outdoor field, batting cages and golf simulators. Attached to the store is a field that will be used for open play, clinics, league space and as an ice rink in winter months. Dick’s Sporting Goods relocated from its former 55,000-square-foot location within the center. Owner Spinoso Real Estate Group acquired SouthPark Mall in 2021.

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