Friday, September 25, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Property Type

Moderne-Rocking-K-Vail-AZ
ArizonaBuild-to-RentLoansSingle-Family RentalWestern

Calmwater Capital Funds $41.1M in Refinancing for Build-to-Rent Community Near Tucson, Arizona

by Amy Works

VAIL, ARIZ. — Calmwater Capital has provided Moderne Communities with a $41.1 million loan to refinance Moderne at Rocking K, a build-to-rent property in Vail, a community 24 miles southeast of Tucson. Moderne at Rocking is situated within Rocking K, a 5,000-acre master-planned community. Delivered in two stages between November 2023 and September 2024, the 17.1-acre community features 224 single-story, single-family rental homes offering a mix of one-, two- and three-bedroom floor plans. Each home features open-concept living areas, a private yard and nine-foot ceiling. Community amenities include a beach entry pool and spa, pickleball courts, barbecue and firepit area, and fitness center. Malcolm Davies and RJ Opeka of Los Angeles-based Way Capital arranged the two-year senior loan for the borrower.

Continue Reading
FacebookTwitterLinkedinEmail
UCC-Mural-Los-Angeles-CA
CaliforniaDevelopmentIndustrialWestern

REDA, Clarion Partners Deliver 253,318 SF Industrial Project in Central Los Angeles

by Amy Works

LOS ANGELES — A joint venture between Real Estate Development Associates (REDA) and Clarion Partners have completed construction of Union Commerce Center, a Class A warehouse/distribution facility at 3690 E. Union Pacific Ave. in central Los Angeles. Situated on more than 11 acres, Union Commerce Center offers 253,318 square feet of speculative industrial space. The development consists of a single 253,318-square-foot industrial building with a clear height of 36 feet, 35 dock-high doors with levers on all docks, two oversized grade-level doors, 41 trailer stalls, an ESFR K-25 sprinkler system, skylights, wide column spacing and ample expandable power. Union Commerce Center features a large-scale mural that wraps around a 500,000-gallon water tower, which serves the property’s fire sprinkler system. The mural was produced by local artist Downtown Daniel, an Angeleno more formally known as Daniel Antelo. Antelo’s work has been featured on walls and canvases nationwide, and he is recognized for his work with Nike, Kobe Bryant’s family, The Marathon Clothing and the LA Rams, Clippers and Dodgers. Cushman & Wakefield’s John Minervini, Erik Larson, Chris Tolles and Paul Sims are handling the leasing efforts of the property.

Continue Reading
FacebookTwitterLinkedinEmail
4600-Norris-Canyon-Rd-San-Ramon-CA
AcquisitionsCaliforniaIndustrialOfficeWestern

Madison Marquette Divests of 96,535 SF Valent Innovation Center R&D Building in San Ramon, California

by Amy Works

SAN RAMON, CALIF. — Madison Marquette has completed the sale of Valent Innovation Center, a two-story R&D building in San Ramon. Orion Office REIT acquired the asset for an undisclosed price as the first acquisition under its new entity. Located at 4600 Norris Canyon Road, Valent Innovation Center offers 96,535 square feet of research and development space, which is fully leased to Valent USA, a wholly owned subsidiary of Sumitomo Chemical. The asset was most recently renovated in 2022. Adam Lasoff, Erik Hanson, Rob Hielscher, Caroline Reynolds and Quinn O’Connor of JLL Capital Market’s Investment Sales and Advisory represented the seller in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
437-S-Highway-101-Solana-Beach-CA
AcquisitionsCaliforniaRetailWestern

Capstone Advisors Buys 55,580 SF Solana Beach Retail Center in California from GEM Realty Capital

by Amy Works

SOLANA BEACH, CALIF. — Capstone Advisors has purchased Beachwalk Shopping Center in Solana Beach from GEM Realty Capital for $32.1 million. Located at 437 S. Highway 101, the 55,580-square-foot asset consists of eight buildings offering a mix of retail, restaurant, medical and creative office space. Capstone Advisors plans to revitalize the center with physical improvements and a curated tenant roster focusing on food-and-beverage options, as well as health and wellness offerings. Two new tenants that reflect this focus are Pure Infrared Sauna and Lana Restaurant, which are currently under construction. Geoff Tranchina, Gleb Lvovich and Daniel Tyner of JLL Investment Sale and Advisory represented the seller in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
1375-Interquest-Pkwy-Colorado-Springs-CO
AcquisitionsColoradoNet LeaseRestaurantRetailWestern

RBR Interquest Sells Fuzzy’s Taco Shop-Occupied Restaurant Property in Colorado Springs for $3.5M

by Amy Works

COLORADO SPRINGS, COLO. — RBR Interquest R E LLC has completed the sale of a restaurant property at 1375 Interquest Parkway in Colorado Springs to Patterson Living Trust for $3.5 million, or $678 per square foot. Jared Goodman, Anne Spry, Aki Palmer and Cole VanMeveren of Cushman & Wakefield represented the seller in the deal. Fuzzy’s Taco Shop, a fast-casual restaurant serving Baja-style Mexican food, occupies the 5,160-square-foot property on a triple-net lease basis. Situated on 1.5 acres, the property features a large patio and 60 parking spaces.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIllinoisIndianaIndustrialMidwestMinnesotaMissouriOhio

Alterra IOS Acquires Portfolio of Seven Industrial Outdoor Storage Sites Across Midwest

by Kristin Harlow

PHILADELPHIA — Philadelphia-based Alterra IOS has acquired seven industrial outdoor storage (IOS) sites totaling 23 usable acres largely in the Midwest region. The purchase price was undisclosed. The sites are fully leased to a national telecommunications and broadband network company. Each parcel is located across metro areas in Dallas, Minneapolis, Indianapolis, Chicago, Nashville, Cleveland and St. Louis. Specifically, the properties are located in Haslet, Texas; Osseo, Minn.; Indianapolis; Frankfort, Ill.; La Vergne, Tenn.; Avon, Ohio; and St. Peters, Mo. All of the assets in the portfolio are located near city downtowns, interstate highways, international airports and rail networks. CRE Advising facilitated the acquisition.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIllinoisMidwestRetail

JLL Brokers Sale of 94,508 SF Retail Center in South Elgin, Illinois

by Kristin Harlow

SOUTH ELGIN, ILL. — JLL Capital Markets has brokered the sale of South Elgin Commons, a 94,508-square-foot retail center in South Elgin. The sales price was undisclosed. Built in 2011 and partially renovated in 2021 and 2024, the property is fully leased. Anchor tenants include Advocate Health Care, T.J. Maxx and Ross Dress for Less. Michael Nieder and Keely Polczynski of JLL represented the seller, PMAT Real Estate Investments. The buyer was L2 Partners LLC.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMidwestMinnesotaMultifamily

Marcus & Millichap Negotiates $9M Sale of Multifamily Property in St. Cloud, Minnesota

by Kristin Harlow

ST. CLOUD, MINN. — Marcus & Millichap has negotiated the $9 million sale of Sterling Heights, a 96-unit multifamily property in the Minneapolis suburb of St. Cloud. Built in 2002, the community totals 91,621 rentable square feet and offers studio, one-, two- and three-bedroom floor plans. Chris Collins, Evan Miller and Eric Wagner of Marcus & Millichap represented the seller, a Minnesota-based limited liability company, and procured the buyer, a Wisconsin-based limited liability company.

Continue Reading
FacebookTwitterLinkedinEmail
LoansMidwestMultifamilyNorth Dakota

Bernard Financial Group Arranges $3M Loan for Refinancing of North Dakota Multifamily Community

by Kristin Harlow

WILLISTON, N.D. — Bernard Financial Group (BFG) has arranged a $3 million Freddie Mac loan for the refinancing of The Birches Townhomes in Williston, a city in western North Dakota. The 60-unit multifamily rental property was built in 2015. Joshua Bernard of BFG arranged the loan on behalf of the borrower, Birches Owner LLC.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentMultifamilyNew JerseyNortheastTop Stories

Kushner Nears Completion of $1B The Journal Luxury Apartment Development in Jersey City

by Kristin Harlow

JERSEY CITY, N.J. — Kushner is nearing completion of The Journal, a nearly $1 billion luxury apartment development in Jersey City’s Journal Square area. The project features two 64-story towers that are now topped out, and preleasing efforts are set to begin in early 2025. Kushner has selected Manhattan-based The Marketing Directors as the marketing and leasing agent for the property. Upon completion, The Journal will comprise more than 2 million square feet with 1,723 apartment units and 45,000 square feet of upscale amenity spaces. Target has leased the entirety of the development’s 40,000 square feet of ground-floor retail space. Positioned adjacent to the Journal Square PATH station, The Journal will provide convenient access to Manhattan. Residents will enjoy views of the Hudson River, Statue of Liberty, Ellis Island and the Manhattan skyline. Designed by global architectural firm Woods Bagot, The Journal is characterized by a slender, vertical profile. A nearly one-acre public plaza adorned with landscaping and seating areas will open onto John F. Kennedy Boulevard. Amenities at The Journal will encompass a wide array of health, wellness and recreational options, including an Olympic-size indoor pool, whirlpool spa, sauna, steam rooms, bowling alley, golf simulator and multiple lounges. The …

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts