Property Type

Green Mills Breaks Ground on $26M Affordable Seniors Housing Community in Central Florida

by John Nelson April 25, 2025

OSCEOLA COUNTY, FLA. — Green Mills Group has broken ground on a $26 million affordable seniors housing community in unincorporated Osceola County. Dubbed Poinciana Parc, the midrise property will comprise 86 units and amenities including a fitness center, business center, club/game room, laundry room and a swimming pool. The Florida Housing Finance Corp. awarded the project a 9 percent tax credit allocation in May 2023. Additional capital partners on Poinciana Parc include TD Bank, Raymond James Affordable Housing Investments and Neighborhood Lending Partners.

April 25, 2025

Industrial Leasing Activity Texas

SportzBlitz Signs 27,000 SF Lease at Industrial Flex Building in Lewisville, Texas

by Taylor Williams April 25, 2025

LEWISVILLE, TEXAS — SportzBlitz LLC has signed a 27,000-square-foot lease in the North Texas city of Lewisville. The provider of athletic media content is taking space at the industrial flex building located at 1000 Spinks Road, which according to LoopNet Inc. was completed last year. Adam Curran and Harrison Davis of Holt Lunsford Commercial represented the owner, Leila Real Estate LLC, in the lease negotiations. Tomas Wilson of Lee & Associates represented the tenant.

April 25, 2025

Acquisitions Florida Multifamily Southeast

Berkadia Arranges Sale of 268-Unit Apartment Community in Ocala, Florida

by John Nelson April 25, 2025

OCALA, FLA. — Berkadia has arranged the sale of Retreat at 42nd, a 268-unit, pet-friendly apartment community located in Ocala, approximately 35 miles southeast of Gainesville. The community is situated on 13 acres and comprises 16 three-story apartment buildings housing 24 one-bedroom units, 156 two-bedroom units, 84 three-bedroom units and four three-bedroom duplexes. Amenities at the property include a 7,500-square-foot clubhouse with a 24-hour fitness facility, business center, event space, TV lounge, walk-in swimming pool and sundeck, bark park and an outdoor ramada/grilling area, as well as a maintenance area and detached garages. Cole Whitaker, David Etchison and Mary Beale of Berkadia’s Central and North Florida offices represented the seller, an entity doing business as Retreat at 42nd LLC, in the transaction. The buyer, Old Lyme, Conn.-based Hamilton Point Investments, acquired the property for an undisclosed price. Jeremy Lynch of Berkadia’s Philadelphia office arranged an undisclosed amount of acquisition financing through Berkadia’s Proprietary Lending Group (PLG) on behalf of the buyer.

April 25, 2025

Acquisitions Industrial Maryland Southeast

Marcus & Millichap, Lee & Associates Broker $7.8M Sale of Industrial Property in Columbia, Maryland

by John Nelson April 25, 2025

COLUMBIA, MD. — A partnership between Marcus & Millichap and Lee & Associates has brokered the $7.8 million sale of 6822 Oak Hall Lane, a 39,096-square-foot flex industrial property located in Columbia, roughly 20 miles southwest of Baltimore. Built in 1984, the facility was fully leased at the time of sale and offers a mix of office and warehouse space with 18-foot ceilings, as well as dock and drive-in loading. Bob Filley and Arvin Gholamrezae of Marcus & Millichap marketed the property on behalf of the seller and procured the buyer, both private investors. Lee & Associates had fully leased the property and partnered with Marcus & Millichap in the sale.

April 25, 2025

Civic Development Industrial New York Northeast

Partnership Completes $270M Cargo Handling Facility at JFK Airport in Queens

by Taylor Williams April 25, 2025

NEW YORK CITY — A partnership between The Port Authority of New York and New Jersey, Worldwide Flight Services (WFS) and Annapolis-based transportation real estate investment and management firm Realterm has completed a $270 million consolidated cargo handling facility at John F. Kennedy International Airport in Queens. WFS, the airport’s main cargo handling agency, will operate the 350,000-square-foot facility, which spans 26 acres, replaces two older facilities and brings together operations from four separate cargo zones into a single modernized location. Realterm, which developed the facility via ground lease, specializes in owning and operating airport logistics facilities via a 17 million-square-foot portfolio of such assets across 37 airports. The project was first announced in summer 2021. The new cargo facility features several innovations designed to reduce wait times for truck drivers and minimize queuing outside the facility. These include an advanced truck dock management system that optimizes the flow of goods in and out of the facility, leveraging real-time scheduling, automated check-ins and digital communication between drivers and dock operators. The system automatically allocates the most efficient doors based on the size, type and contents of each delivery and also ensures that trucks arrive only when a dock is available, …

April 25, 2025

Acquisitions Industrial Nevada Western

Panattoni Buys Two Industrial Buildings in Southwest Las Vegas

by Amy Works April 25, 2025

LAS VEGAS — Panattoni Development Co. has purchased two industrial buildings situated on 7.2 acres in southwest Las Vegas. Terms of the transaction were not disclosed. Located at 3300, 3564 and 3515 Birtcher Drive, Southwest Vegas Innovation Center consists of the 138,817-square-foot Building 1, which includes 83,127 square feet of warehouse space and 55,690 square feet of office space, and Building 2, a 9,100-square-foot industrial building with a fenced yard. The property is currently leased to Aristocrat Technologies Inc., a global, publicly traded gaming and tech company based in Las Vegas.

April 25, 2025

Affordable Housing California Development Multifamily Seniors Housing Western

C&C Development, Riverside Charitable Corp. Open Affordable Seniors Housing Community in Lake Forest, California

by Amy Works April 25, 2025

LAKE FOREST, CALIF. — C&C Development and Riverside Charitable Corp. have opened The Meadows Senior Apartments in Lake Forest, an affordable housing community for residents 62 years and older. Located within Toll Brothers’ Meadows master-planned community, The Meadows Senior Apartments offers 65 units designed for seniors earning 30 percent to 60 percent of the area median income (AMI). The two-story building offers units ranging in size from 600 square feet to 800 square feet, all of which are ADA-accessible and adaptable. The property offers community space with grassy areas, verandas and pickleball courts and a common amenity space with a kitchen, laundry room, leasing office, supportive services manager office and outdoor verandas with a barbecue pavilion. The property is also located adjacent to a community park and dog park. Residents will receive onsite supportive services from LifeSTEPS. Services will consist of educational classes and health-and-wellness programs. Financing for The Meadows consists of LIHTC (low-income housing tax credit) funding through the California Tax Credit Allocation Committee, California Debt Limit Committee and California Statewide Communities Development Authority. Bank of America also provided a construction and permanent loan. Additional financing was provided by the City of Lake Forest, The County of Orange, Calif., OC …

April 25, 2025

Acquisitions Affordable Housing California Multifamily Western

CPP Acquires Witmer Manor Affordable Housing Complex in Los Angeles for $48.4M

by Amy Works April 25, 2025

LOS ANGELES — Community Preservation Partners (CPP) has purchased Witmer Manor, an affordable housing property in Los Angeles. Located at 1501 Miramar St. in Los Angeles’ Westlake neighborhood, Witmer Manor comprises eight three- and four-story, elevator-served buildings containing 142 studio and 96 one-bedroom units. Common area amenities include a laundry room and an onsite property management office. CPP is partnering with LifeSTEPS to provide onsite adult education, health-and-wellness and skill-building classes and services to residents. Originally built in 1930, the property was most recently renovated in 2005. CPP’s total development investment is approximately $64 million, which includes the purchase price of $48.4 million and estimated renovation costs of approximately $65,000 per unit. Planned renovations include extensive ADA upgrades; exterior upgrades with new roofing, energy-efficient windows, upgraded heat pumps and LED lighting; and interior upgrades with kitchen updates, new vanities, new flooring, LED interior lighting, fresh paint and essential drywall repairs. Additionally, bathrooms will be upgraded with modern fixtures and replacements and new blinds. Renovations are slated for completion in early 2026. Dedicated to serving residents through the Section 8 program, all units will be income-restricted to family households earning between 30 percent to 60 percent of the area median income (AMI). …

April 25, 2025

North-Canyons-Business-Center-Livermore-CA

California Industrial Loans Office Western

Gantry Secures $15M Acquisition Loan for North Canyons Business Center in Livermore, California

by Amy Works April 25, 2025

LIVERMORE, CALIF. — Gantry has secured a $15 million permanent loan for the purchase of North Canyons Business Center, located at 3025-3095 Independence Drive in Livermore. The six-building business offers 105,000 square feet of industrial and office space. Tony Kaufmann and Joe Foley of Gantry arranged the 10-year, fixed-rate loan for the borrower, a private real estate investor. The loan was structured with one of Gantry’s correspondent insurance company lenders with an interest-only period transitioning to 30-year amortization. Gantry will service the loan. The borrower plans to reposition the asset, including increasing industrial use ratios at the property and activating a leasing program.

April 25, 2025

Affordable Housing California Development Multifamily Western

EAH Housing Starts Construction of 48-Unit Affordable Housing Development in West Hollywood

by Amy Works April 25, 2025

WEST HOLLYWOOD, CALIF. — EAH Housing has commenced construction for Lexington Gardens, an affordable housing property in West Hollywood. Located at the corner of Detroit Street and Lexington Avenue, Lexington Gardens offers 47 studio apartments ranging in size from 383 square feet to 447 square feet and one two-bedroom, 869-square-foot manager’s unit, all with energy-efficient appliances, window coverings and walk-in closets. The five-story community will serve families and individuals earning 30 percent and 60 percent of local area median income (AMI). Designed by DE Architects and built by Walton Construction, Lexington Gardens will offer a range of indoor and outdoor amenities, including onsite vehicle and bicycle parking, a community room, shared open spaces, laundry and a dedicated management office. EAH Housing will also provide resident services through an onsite resident services coordinator and collaborate with local organizations to offer specialized programs aimed at enhancing residents’ well-being.

April 25, 2025

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