Saturday, February 7, 2026
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AcquisitionsIndustrialNorth CarolinaSoutheast

JLL Arranges Sale of 149,987 SF Industrial Facility in Conover, North Carolina

by John Nelson

CONOVER, N.C. — JLL has arranged the sale of BSN Medical Distribution Facility, a 149,987-square-foot industrial property located at 1011 Keisler Road in Conover, about 44 miles northwest of Charlotte via N.C. Highway 16. Pete Pittroff, Dave Andrews, Josh McArdle, Michael Scarnato and Allan Parrott of JLL represented the seller, Founders Properties LLC, and procured the buyer, Diamond Properties. The sales price was not disclosed. The tenant, BSN Medical Inc., has more than five years of lease term remaining at the facility. The property was renovated in 2009 and features rear- and side-load configurations, 27 dock-high doors and 82 parking spaces spanning 17.2 acres, which provides potential expansion capacity at the site.

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DevelopmentMidwestMinnesotaMixed-Use

Kraus-Anderson Completes 1 MSF North Loop Green Mixed-Use Development in Downtown Minneapolis

by Kristin Harlow

MINNEAPOLIS — Kraus-Anderson (KA) has completed construction of North Loop Green, a 1 million-square-foot mixed-use development located next to Target Field in downtown Minneapolis. Developed by Hines in partnership with AFL-CIO Building Investment Trust and Marquee Development, the project consists of a 34-story, 449-unit apartment tower; a 14-story, 365,000-square-foot office building; and a 471-stall, 225,439-square-foot parking garage with electric vehicle charging stations. The project team is pursuing a LEED Silver certification. The multifamily portion features a one-acre park known as The Green, along with sky lounge views overlooking the Minneapolis skyline, Target Field and the Mississippi River. Amenities include outdoor terraces, a fitness center and health club, pool and sauna, golf and gaming simulator, work-from-home lounges, dog lounge with washing stations and dog run, and the aforementioned park. Monthly rents start at $1,499, according to the property’s website. North Loop Green’s food-and-beverage offerings include Hope Breakfast Bar, Salt & Flour, Bassett Hound and food trucks on The Green. KA participated in a 12-month pre-construction period, working with the design team and the City of Minneapolis on permitting, constructability and sustainability planning. Additionally, KA’s special projects team is in the process of completing build-outs for several of the office tenants, including …

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AcquisitionsHospitalityMidwestMissouri

Bentley Legacy Holdings, Pendant Capital Acquire Historic Raphael Hotel in Kansas City

by Kristin Harlow

KANSAS CITY, MO. — Bentley Legacy Holdings (BLH) and Pendant Capital have acquired The Raphael Hotel, Autograph Collection, in Kansas City for an undisclosed price. Bentley Legacy Group, the management arm of BLH, has immediately assumed management of the hotel. Located just off Country Club Plaza, The Raphael Hotel has been a Kansas City fixture since 1928. The property originally served as an apartment building before being transformed into a hotel in 1975. The new owners plan to renovate the guest rooms and make enhancements to the lobby and other public spaces. Chaz on the Plaza, the onsite restaurant, will continue operating. The property is designated as a Historic Hotel of America through the National Trust for Preservation and is also listed on the National Register of Historic Places.

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DevelopmentIllinoisMidwestMultifamily

Habitat Opens 33-Story Cassidy on Canal Luxury Apartment Tower in Chicago

by Kristin Harlow

CHICAGO — Habitat has opened Cassidy on Canal, a 33-story luxury apartment tower located at 350 N. Canal St. in Chicago’s Fulton River District. The 343-unit development marks the first Class A rental tower to open in more than 17 years near the west bank of the Chicago River, according to the developer. The first residents have begun moving in. Cassidy on Canal offers a mix of floor plans and penthouse residences along with parking for 123 vehicles and ground-floor retail space. A 10,000-square-foot outdoor deck off the building’s fifth floor offers landscaped grounds, a pool, fire pits, grilling areas, cool weather heaters and dining areas. Inside, residents have access to a fitness center, game room, various clubrooms, a coworking center and spa. An outdoor dog run is scheduled to open in the coming months. Monthly rents range from $2,550 to $5,660. Penthouse Collection units rent for up to $10,810 per month. The project site was formerly home to the Cassidy Tire building, which had stood on the location since 1908. Habitat repurposed 200 bricks from the original property in the outdoor plaza near the new building’s main entrance. Solomon Cordwell Buenz designed the 375-foot glass tower. Diversified Real Estate …

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AcquisitionsBuild-to-RentIndianaMidwestSingle-Family Rental

Hudson Investing, Midloch Acquire Jackson Run Build-to-Rent Community in Suburban Indianapolis

by Kristin Harlow

WHITESTOWN, IND. — Hudson Investing and Midloch Investment Partners have acquired Jackson Run Townhomes, an 84-unit build-to-rent community in the northwest Indianapolis suburb of Whitestown. The purchase price was undisclosed. Completed in 2023, the property features three- and four-bedroom units averaging 1,897 square feet. The two-story townhomes feature two-car garages and ADT home security systems. Hudson is planning several amenity upgrades, including expansion and enhancement of the existing pet park and the addition of an outdoor gas grilling pavilion.

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DevelopmentIndustrialMidwestMinnesota

RL Cold Begins Development of 292,000 SF Cold Storage Facility in Lakeville, Minnesota

by Kristin Harlow

LAKEVILLE, MINN. — RL Cold, a division of RealtyLink LLC, has begun development of a 292,000-square-foot cold storage facility in the Minneapolis suburb of Lakeville. The project team includes general contractor Graycor Construction Co. and architect Ware Malcomb. The development will be situated within the 205-acre Airlake Industrial Park, which is located four miles from I-35 and 20 miles from Minneapolis. The project will feature advanced refrigeration technology, storage capacity for perishable items, a clear height of 50 feet, 70-foot-deep truck dock, up to 34,000 pallet positions, 98 employee parking spots, 61 truck spots and 38 truck dock doors. The project will be U.S. Green Building LEED certified. Completion is slated for spring 2025.

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Rambler-Tempe-AZ
ArizonaDevelopmentMultifamilyStudent HousingWestern

LV Collective to Develop 829-Bed Rambler Tempe Student Housing Property Near Arizona State University 

by Amy Works

TEMPE, ARIZ. — LV Collective, in partnership with Kayne Anderson Real Estate and Pacific Life, is set to break ground on Rambler Tempe, an 829-bed student housing development serving students attending Arizona State University. The community, which is scheduled for completion in fall 2026, will span 552,380 square feet at 1020 E. Apache Blvd. in Tempe. Work on the project began in March. Upon completion, the property will offer units in studio, one-, two-, three- and four-bedroom configurations. Shared amenities will include a café, coworking space, private study rooms, content creation rooms, two swimming pools and hot tubs, a rooftop terrace, clubroom, resident lounge and two-level fitness facility with yoga and on-demand fitness studios. The development team for the project includes Shepley Bulfinch, Layton and Variant Collaborative. 

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Aegis-Living-Laurelhurst-Seattle-WA
DevelopmentMultifamilySeniors HousingWashingtonWestern

Aegis Living Opens 136-Unit Seniors Housing Project in Seattle

by Amy Works

SEATTLE — Aegis Living has opened Aegis Living Laurelhurst in the Laurelhurst neighborhood of Seattle, near the University of Washington (UW). The six-story building features 147,911 square feet of space and 136 assisted living apartments.  Aegis Development LLC is the developer, Ankrom Moisan Architects is the architecture firm and Exxel Pacific is the general contractor. Aegis Living Laurelhurst is Aegis’ 38th community and the second one to open this year.

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AcquisitionsCaliforniaRetailWestern

Strategic Retail Advisors Negotiates $18M Sale of Vacant Walmart Building in Garden Grove, California

by Amy Works

GARDEN GROVE, CALIF. — Strategic Retail Advisors (SRA) has arranged the sale of a retail building located at 10912 Katella Ave. in the Orange County city of Garden Grove. OC Freedomhouse Church acquired the former Walmart Neighborhood Market from a private investor for $18 million. OC Freedomhouse plans to operate a new religious facility, including church services, an accredited Bible college and a child daycare all within an existing 46,287-square-foot tenant space. Blaine Bush of SRA handled the transaction.

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AcquisitionsCaliforniaIndustrialWestern

Captiva Partners Acquires 66,400 SF Small-Bay Industrial Property in North Hollywood

by Amy Works

LOS ANGELES — Captiva Partners has purchased a multi-tenant, small-bay industrial building in the North Hollywood neighborhood of Los Angeles for $15.7 million. The name of the seller was not released. Situated on 3.3 acres at 8210-8222 Lankershim Blvd., the 66,400-square-foot asset offers three buildings with 41 suites ranging from 1,200 square feet to 2,400 square feet. Captiva plans to implement a value-add business plan, including a capital improvement program that will address deferred maintenance and improve the property’s functionality and attractiveness.

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