Tuesday, November 10, 2026
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Sixth-&-Blanco-Austin
DevelopmentLoansMixed-UseTexas

Riverside, MML Hospitality Break Ground on Mixed-Use Project Near Downtown Austin

by Taylor Williams

AUSTIN, TEXAS — A partnership between two locally based companies, developer Riverside and operator MML Hospitality, has broken ground on Sixth&Blanco, a mixed-use project located just west of downtown Austin. The site spans 1.6 acres at the corner of West Sixth and Blanco streets. The mass timber development will consist of 10 for-sale residences, a 57-room hotel, retail and restaurant space, art galleries and a members-only social club. Swiss architectural firm Herzog & de Meuron is designing Sixth&Blanco. Arvest Bank provided a $193 million construction loan for the project, with Prosperity Bank and Southside Bank also contributing to the financing.  

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North-Laredo-Industrial-Park
IndustrialLeasing ActivityTexas

CBRE Negotiates 432,085 SF Industrial Lease in Laredo, Texas

by Taylor Williams

LAREDO, TEXAS — CBRE has negotiated a 432,085-square-foot industrial lease in the Rio Grande Valley city of Laredo. The tenant, an undisclosed global logistics company, will occupy Building 1 at North Laredo Industrial Park, a speculative structure that features 112 dock positions, three drive-in doors, 224 trailer parking spaces and 17,000 square feet of newly constructed office space. Josh Aguilar and Rob Burlingame of CBRE represented the landlord, VanTrust Real Estate, in the lease negotiations. Kristina Madayag of KBC Advisors and Carlo Molano of Forum Commercial Real Estate represented the tenant.

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AcquisitionsRetailTexas

Disney Investment Group Arranges Sale of 57,812 SF Valley Square Shopping Center in Metro Dallas

by Taylor Williams

LEWISVILE, TEXAS — Locally based brokerage firm Disney Investment Group (DIG) has arranged the sale of Valley Square, a 57,812-square-foot shopping center located in the northern Dallas suburb of Lewisville. The center was fully leased to 21 tenants at the time of sale. David Disney and Adam Crockett of DIG represented the seller, Dallas-based LRIC Properties, in the transaction. Will Walters of DuWest Realty represented the undisclosed buyer, which purchased the asset via a 1031 exchange.

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Leasing ActivityOfficeTexas

Morgan, Lewis & Bockius Signs 29,360 SF Office Lease Renewal in Downtown Dallas

by Taylor Williams

DALLAS — Law firm Morgan, Lewis & Bockius has signed a 29,360-square-foot office lease renewal at Comerica Bank Tower, located at 1717 Main St. in downtown Dallas. The length of the new lease term was not disclosed. Rhett Miller, Patrick Cruz and Sam Bass of Stream Realty Partners represented the undisclosed landlord in the lease negotiations. Jon McNeil and Daryl Mullin of JLL represented the tenant. 

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AcquisitionsIllinoisMidwestOffice

Namdar Realty Group, Mason Asset Management Acquire One North LaSalle Office Tower in Chicago

by Kristin Harlow

CHICAGO — Namdar Realty Group and Mason Asset Management have acquired One North LaSalle, a 493,738-square-foot office tower along the LaSalle Street corridor in downtown Chicago, through a deed-in-lieu of foreclosure. Built in 1929, the property was renovated in 2017. Once recognized as the city’s tallest structure, One North LaSalle was designated a Chicago landmark in 1996 and added to the National Register of Historic Places in 1999. The property features “The Landmark” on the 25th floor, which houses a fitness center, conference rooms and a tenant lounge with outdoor terrace. The ownership transition is part of a broader strategy to enhance the building’s appeal. Andy DeMoss of Bradford Allen will continue to lead leasing efforts for the asset. Recent lease signings have included Flanagan Bilton, Youth Guidance, Second Sense, Collins Bargione & Vuckovich, Symmetry Counseling, Reifers Holmes & Peters, Wolf Point Engineers and SRF Consulting Group.

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IllinoisLoansMidwestMultifamily

JLL Arranges $25M Loan for Refinancing of Multifamily Property in Warrenville, Illinois

by Kristin Harlow

WARRENVILLE, ILL. — JLL Capital Markets has arranged $25 million for the refinancing of Arden Townhomes, a 60-unit, newly constructed multifamily property in the Chicago suburb of Warrenville. Completed in 2024, the property is situated in the city’s Cantera neighborhood. The asset features three-bedroom units averaging 1,898 square feet along with shared amenities. Trent Niederberger and Philip Galligan of JLL arranged the two-year, floating-rate loan on behalf of the borrower, Cantera Townhomes LLC. An entity managed by Argentic Investment Management LLC provided a $20 million senior loan, and Pearlmark provided an additional $5 million of mezzanine financing.

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AcquisitionsIllinoisMidwestRetail

Marcus & Millichap Negotiates $10.5M Sale of Retail Strip Center in Vernon Hills, Illinois

by Kristin Harlow

VERNON HILLS, ILL. — Marcus & Millichap has negotiated the $10.5 million sale of Hawthorn Village Commons in the Chicago suburb of Vernon Hills. The 51,815-square-foot retail strip center was built in 1981. Tenants include Hobby Lobby, Dollar Tree, Panda Express, Wendy’s and Subway. Adrian Mendoza, Sean Sharko and Austin Weisenbeck of Marcus & Millichap represented the seller, a privately held Chicagoland investment group, and procured the buyer, a local investor completing a 1031 exchange. Steven Weinstock, broker of record in Illinois, assisted in closing the transaction.

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AcquisitionsIllinoisIndustrialLee & AssociatesMidwest

Lee & Associates Brokers Sale of Industrial Development Site in Aurora, Illinois

by Kristin Harlow

AURORA, ILL. — Lee & Associates has brokered the sale of a nearly four-acre industrial development site at 2290 White Oak Circle in Aurora. The sales price was undisclosed. The site features convenient access to the I-88 tollway via Eola Road to the east and Farnsworth Avenue to the west. Nick Eboli and Andrew Block of Lee & Associates represented the seller. George Cibula of DarwinPW Realty/CORFAC International represented the buyer, which plans to build a 50,000- to 60,000-square-foot speculative cold storage or warehouse.

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AcquisitionsIndianaIndustrialMidwest

Zacher Co. Arranges Sale of 9,917 SF Industrial Building in Auburn, Indiana

by Kristin Harlow

AUBURN, IND. — The Zacher Co. has arranged the sale of a 9,917-square-foot industrial building in Auburn, about 22 miles north of Fort Wayne. The sales price was undisclosed. The property is located at 1004 Auburn Drive. Dan Gabbard of Zacher represented the seller, The Richard and Phyllis Poff Estate. Ideal Property LLC was the buyer.

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Ares-Mgmt-Portfolio-CA
CaliforniaIndustrialLoansWestern

Cushman & Wakefield Arranges $475M CMBS Financing for 4.8 MSF Industrial Portfolio for Ares Management

by Amy Works

LOS ANGELES — Cushman & Wakefield, on behalf of an Ares Management Real Estate fund, has arranged $485 million in financing backed by a 4.8 million-square-foot, 25-building industrial portfolio spanning 16 markets in 12 states. The floating-rate, CMBS single-borrower (SASB) financing was provided by a syndicate led by J.P. Morgan, with Morgan Stanley and Natixis Corporate & Investment Banking as joint bookrunners. Rob Rubano, Gideon Gil, Brian Share, Joe Lieske, Ernesto Sanchez and Lars Weston of Cushman & Wakefield Equity, Debt and Structured Finance led the financing. Managed by Ares Industrial Management, the portfolio is currently 97 percent leased to 58 tenants. The properties feature Class A and Class B, bulk warehouse and light industrial assets. The individual assets offer a variety of industrial features, including 30-foot average clear heights, ample dock doors and an average 5 percent of office space square footage across the portfolio. The portfolio includes two properties in the San Francisco Bay area totaling 518,300 square feet; three properties in Southern California totaling 344,700 square feet; five properties in Houston totaling 693,900 square feet; a 722,500-square-foot property in Reno, Nev.; and a 797,600-square-foot property in Atlanta. The remaining properties in the portfolio are spread across Salt …

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