SAN ANTONIO — Dallas-based developer Carbon Cos. has completed Greyson Luxury Living, a 291-unit multifamily project in San Antonio. The property is located at 1734 N. Loop 1604 W on the city’s north side. Units come in one-, two- and three-bedroom floor plans and are furnished with stainless steel appliances, quartz countertops, individual washers and dryers and private patios/balconies. Amenities include a pool, fitness center and a dog wash station. Rents start at roughly $1,300 per month for a studio apartment.
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HUGHES SPRINGS, TEXAS — Marcus & Millichap has brokered the sale of a 260-unit self-storage facility in Hughes Springs, about 140 miles east of Dallas. The facility was built in 2019 and totals 54,100 net rentable square feet, including 20 RV/boat storage spaces. Brandon Karr and Danny Cunningham of Marcus & Millichap represented the seller, a local developer, in the transaction and procured the buyer, a Dallas-based investment company. Both parties requested anonymity.
AUSTIN, TEXAS — Buffalo, N.Y.-based developer Reger Holdings has welcomed three new tenants to East Village, a 425-acre mixed-use development in northeast Austin. Fitness International, the parent company of LA Fitness, will open a 34,000-square-foot gym under its Club Studio brand, and entertainment concept 810 Billiards & Bowling has committed to a 30,000-square-foot space. Both openings are about 12 to 24 months away. Lastly, Swish Dental will open a 3,513-square-foot clinic at East Village within the next 30 days.
MCKINNEY, TEXAS — Austin-based investment firm Harbor Capital has purchased a 51,710-square-foot industrial building in McKinney, a northern suburb of Dallas. The three-tenant facility at 190 Industrial Blvd. features 24-foot clear heights, grade-level doors, multiple 20-ton bridge cranes and heavy power capabilities. Harbor Capital is partnering with TIG Real Estate Services Inc. to manage the property. The seller and sales price were not disclosed.
FAIRVIEW, TEXAS — Revolving Kitchen has opened a 30,000-square-foot food hall at 146 Town Place in Fairview, a northern suburb of Dallas. The food hall will feature 34 fully equipped commercial kitchen spaces ranging in size from 260 to 1,100 square feet. Operators that have already committed to Revolving Kitchen Fairview include Brooklyn Bagels, Chanko Nutrition and Emmy J’s Pizza. Lincoln Property Co. owns the building.
WATERTOWN, MASS. — A joint venture between New York City-based developer O’Connor Group, real estate private equity firm FrontRange Capital Partners and Japanese construction company Takenaka Corp. has broken ground on a 142-unit multifamily project in Watertown, a western suburb of Boston. Elysian Watertown Square will be a five-story building with retail space, and 15 percent of the units will be reserved for households earning between 65 and 80 percent of the area median income. Amenities will include a fitness center, coworking space, pet care spa and two rooftop terraces. ICON Architecture designed the project, and Dellbrook | JKS will be the general contractor. Completion is slated for summer 2026.
EAST SYRACUSE, N.Y. — Locally based financial intermediary Largo Capital has arranged a $20 million loan for the refinancing of a 530,000-square-foot industrial property in East Syracuse. The name and address of the multi-tenant property, as well as the names of the direct lender and borrower, were not disclosed. Jack Phillips of Largo originated the debt, and a portion of the proceeds will be allocated toward capital improvements for the property.
NEW YORK CITY — The National Museum of Mathematics has signed a 34,363-square-foot, long-term lease at 635 Sixth Ave. in Manhattan’s Flatiron District. The museum, which originally opened in 2012 at 11 E. 26th St., will remain at its temporary space at 225 Fifth Ave. until 2026. Lindsay Ornstein, Stephen Powers and Jake Cinti of OPEN Impact Real Estate represented the tenant in the lease negotiations. The landlord, Spear Street Capital, was self-represented.
RINGWOOD, N.J. — The Fresh Grocer has debuted a 31,096-square-foot store in Ringwood, located near the New York-New Jersey border. The store is located within Fieldstone Park Shopping Center, and the space was formerly occupied by Stop & Shop. The grocer plans to implement a multimillion-dollar renovation over the next year that will coincide with a larger capital improvement program to the center’s parking, landscaping and building façades and exteriors. The Azarian Group manages the property.
JLL, HJ Sims Arrange $473M in Financing for Development of Seniors Housing Community in Irvine, California
by Amy Works
IRVINE, CALIF. — JLL Capital Markets and HJ Sims have arranged $473 million in tax-exempt and taxable bond financing for the ground-up development of The James, a luxury rental, 350-bed seniors housing community in Irvine. The transaction is the largest tax-exempt senior living financing of the year and the largest nonprofit, single-site senior living bond issue in history, according to JLL. JLL’s Seniors Housing Capital Markets team worked on behalf of Harbert South Bay Partners, LAMB Properties, P3 Foundation and Momentum Senior Living to secure the 35-year financing with HJ Sims hired as sole underwriter of the bonds. The financing consisted of $442.1 million of publicly offered tax-exempt senior series 2024A bonds, $12.9 million in taxable senior series 2024B bonds, and $18 million in subordinate tax-exempt series 2024c and 2024d bonds. JLL also handled the land sale to the partnership on behalf of the seller. The groundbreaking for The James — the first new senior living community in the Irvine market in 28 years — will take place later this month and the target date for completion is June 2027. The community will offer 210 independent living units, 110 assisted living units and 30 memory care units with a mix of …