Thursday, January 29, 2026
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AcquisitionsAffordable HousingMidwestMinnesotaMultifamily

Colliers Negotiates $11.2M Sale of Affordable Housing Community in Metro Twin Cities

by Kristin Harlow

ALBERTVILLE, MINN. — Colliers has negotiated the $11.2 million sale of Albertville Meadows, a 75-unit affordable housing community in the Twin Cities suburb of Albertville. Built in 1993, the property is located along I-94. The asset benefits from Minnesota’s new 4d(1) property tax classification, effective 2025, which implemented a major tax reduction for affordable housing properties. Mox Gunderson, Dan Linnell, Adam Haydon and Devon Dvorak of Colliers represented the seller, Dominium. The buyer was undisclosed.

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IllinoisIndustrialLeasing ActivityMidwest

Perfection Servo Hydraulics Signs 15,840 SF Industrial Lease in St. Charles, Illinois

by Kristin Harlow

ST. CHARLES, ILL. — Perfection Servo Hydraulics, an automation machinery manufacturing and repair company, has signed a full-building industrial lease for 15,840 square feet at 3940 Swenson Ave. in St. Charles. Luke Dummitt of Brown Commercial Group represented the tenant, which is part of SunSource, a North American equipment manufacturing, repair and fabrication business that maintains its primary Illinois facility in Addison. Eric Schneider and Joel Friedland of Brit Properties represented the undisclosed landlord. Perfection’s previous storage location in Batavia was sold. Additionally, the company sought more space for its equipment storage needs.

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DevelopmentRetailTexas

Kroger Opens 128,000 SF Store at Bonds Ranch Marketplace in Northwest Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Kroger has opened a 128,000-square-foot store as the anchor tenant at Bonds Ranch Marketplace in northwest Fort Worth. The center also features 45,000 square feet of small-shop and freestanding retail space that is home to tenants such as Starbucks, Chase Bank, Whataburger, Hollywood Feed, ATI Physical Therapy, Emerald Custom Pools, Park Village Nails, Texas Health Breeze and Heartland Dental. Weitzman is the developer and operator of Bonds Ranch Marketplace.

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AcquisitionsRetailTexas

Whitestone REIT Buys 81,407 SF Ashford Village Shopping Center in Houston

by Taylor Williams

HOUSTON — Whitestone REIT has purchased Ashford Village Center, an 81,407-square-foot grocery-anchored shopping center located in Houston. Ashford Village Center was originally built in 1979, according to LoopNet Inc. Tenants include Thanjai Mess, Ramen Bar Ichi, Japan House, Dollar Tree, Giggles and Fun, Salon Village and Japanese grocer Seiwa Market, which anchors the property.  John Indelli, Ryan West, Dawson Hastings and Max Myers of JLL represented the seller in the transaction.

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The-Village-at-Bridgewater-Commons
DevelopmentNew JerseyNortheastRetail

Pacific Retail Unveils Plans for Renovation of 1.2 MSF Mall in Northern New Jersey

by Taylor Williams

BRIDGEWATER, N.J. — Pacific Retail Capital Partners (PRCP) has unveiled plans for the renovation of Bridgewater Commons, a 1.2 million-square-foot mall in Northern New Jersey. The renovation will entail a reimagining of the food court, updates to lighting and interior landscaping, as well as fresh paint and bannisters throughout the center court, department store wings and mezzanine levels. PRCP acquired the property in 2023 and has spent the past two years revamping the tenant roster via the additions of retailers such as Alo Yoga, Fogo de Chão, Miniso and Pop Mart. PRCP has also rebranded the property as The Village at Bridgewater Commons. Work is now underway and is expected to be complete in the second quarter of next year.

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159-Boerum-St.-Brooklyn
LoansMultifamilyNew YorkNortheast

Slate, Avenue Realty Receive $64M Loan for Refinancing of Brooklyn Multifamily Project

by Taylor Williams

NEW YORK CITY — A partnership between two local firms, owner-operator Slate Property Group and real estate private equity firm Avenue Realty Capital, has received a $64 million loan for the refinancing of The Welz, a 162-unit community in the East Williamsburg area of Brooklyn. Designed by Aufgang Architects, the 19-story, newly constructed building offers studio, one- and two-bedroom units. Roughly 30 percent (49) of the residences are reserved for renters earning between 60 and 130 percent of the area median income, and residents also have access to a rooftop deck with grilling stations, a fitness center and package lockers. Daniel Fromm of Newmark arranged the three-year, floating-rate loan through Starwood Capital on behalf of the partnership.

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AcquisitionsNortheastPennsylvaniaRetail

CBRE Brokers Sale of 222,512 SF Shopping Center in Havertown, Pennsylvania

by Taylor Williams

HAVERTOWN, PA. — CBRE has brokered the sale of The Quarry Center, a 222,512-square-foot shopping center in Havertown, located west of Philadelphia. Grocer Giant and Lowe’s Home Improvement anchor the center, which was fully leased at the time of sale. Chris Munley, Colin Behr, Ryan Sciullo and Casey Benson Smith of CBRE represented the seller, an entity doing business as Quarry Center Limited Partnership, in the transaction. The team also procured the undisclosed buyer.

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AcquisitionsConnecticutHospitalityNortheast

Hunter Hotel Advisors Arranges Sale of 135-Room Property in Stratford, Connecticut

by Taylor Williams

STRATFORD, CONN. — Atlanta-based brokerage firm Hunter Hotel Advisors has arranged the sale of the 135-room Homewood Suites by Hilton Stratford. The extended-stay property sits across from Sikorsky Aircraft Corp.’s 2.5 million-square-foot headquarters in southern coastal Connecticut. An unnamed institutional investor sold the property to owner-operator Jamsan Hotel Management for an undisclosed price. Spencer Davidson of Hunter Hotel Advisors brokered the deal.

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DevelopmentFloridaSoutheastStudent Housing

Gilbane, CBRE Underway on 763-Bed Student Housing Development Near University of Central Florida

by John Nelson

ORLANDO, FLA. — Construction is underway on VIBE, a 763-bed student housing project by Gilbane Development and CBRE Investment Management located at 3765 Quadrangle Blvd. near the University of Central Florida campus in Orlando. The partnership recently opened a temporary leasing office for the community at 12226 Corporate Blvd. The development is scheduled for completion in fall 2026. VIBE will offer 275 fully furnished units in one-, two-, three- and four-bedroom configurations with bed-to-bath parity. Each floor will offer private rooms for individual study, remote classes or quiet reflection. Additional shared amenities are set to include two courtyards; a resort-style pool with cabanas and a sun deck; clubhouse with a communal fire pit; outdoor kitchen with grills; pickleball courts; a 24-hour fitness center; sauna; coworking lounge; and a coffee bar. The community will also offer 712 parking spaces, as well as secured bicycle storage.

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AlabamaDevelopmentIndustrialSoutheast

HDA Leads 325,000 SF Adaptive Reuse Project for Gulf Distributing in Downtown Mobile, Alabama

by John Nelson

MOBILE, ALA. — HDA has announced the completion of the new headquarters for Gulf Distributing in downtown Mobile. The project was an adaptive reuse of the vacant Press-Register Building, a 1950s-era printing press, into a 325,000-square-foot beverage distribution facility. HDA’s design included renovating 225,290 square feet of existing space, an 85,040-square-foot warehouse expansion, a new 4,960-square-foot vehicle maintenance facility and a 9,166-square-foot covered cooperage for the production of barrels and tubs. Other members of the project team were not released. Founded in 1973, Gulf Distributing is a beer distributor that operates across Alabama, the Florida Panhandle and Mississippi. The family-owned company employs approximately 1,300 people and partners with more than 140 suppliers.

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