Tuesday, May 19, 2026
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Post-Oak-Logistics-Park
IndustrialLeasing ActivityTexas

Festival Trading Co. Signs 168,193 SF Industrial Lease in Southwest Houston

by Taylor Williams

HOUSTON — Festival Trading Co. has signed a 168,193-square-foot industrial lease in southwest Houston. The provider of indoor and outdoor furniture is taking the entirety of Building A at Post Oak Logistics Park, a 43-acre development that is under construction and consists of two buildings totaling 536,992 square feet. North Texas-based Jackson-Shaw is developing Post Oak Logistics Park, which is now 31 percent preleased, in partnership with Greystar. Beau Kaleel and Michael Foreman of Cushman & Wakefield represented ownership in the lease negotiations. Young Ni with Pinnacle Real Estate Group represented the tenant.

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AcquisitionsIndustrialTexas

Pagewood Acquires 102,100 SF Industrial Property in West Houston

by Taylor Williams

HOUSTON — Locally based investment firm Pagewood has acquired Georgibelle Business Park, a 102,100-square-foot industrial property in West Houston. The property comprises nine buildings that range in size from 3,798 to 16,800 square feet on a 4.5-acre site. Nick Spearman represented Pagewood in the transaction on an internal basis. Justin Patchen represented the seller, Buffalo Real Estate Partners, also on an internal basis. Texas First Bank provided acquisition financing for Pagewood, which plans to implement a value-add program at the park.

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AcquisitionsOfficeTexas

Bradford Commercial Arranges Sale of 5,130 SF Office Building in Garland, Texas

by Taylor Williams

GARLAND, TEXAS — Locally based brokerage firm Bradford Commercial Real Estate Services has arranged the sale of a 5,130-square-foot office building in the northeastern Dallas suburb of Garland. The building at 1014 Main St. was constructed in 1985 and renovated in 2021. Kyle Espie and Brian Pafford of Bradford represented the seller, Exchange Resource Group LLC, in the transaction. Bob Charles of Texas Premier Realty represented the buyer, Involved for Life Inc., a Dallas-based women’s healthcare ministry.

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The-Alcove-Woodland-Hills-CA
Affordable HousingCaliforniaDevelopmentMultifamilyWestern

R.D. Olson Construction Breaks Ground on The Alcove Affordable Housing Complex in Los Angeles

by Amy Works

LOS ANGELES — R.D. Olson Construction has broken ground on The Alcove, a seven-story, 238,000-square-foot affordable housing project in the Woodland Hills neighborhood of Los Angeles. Meta Housing Corp. is the developer. Located at 21300 W. Oxnard St., the first phase of construction will include 173 units ranging in size from 620-square-foot studios to 1,300-square-foot three-bedroom apartments, with completion slated for fall 2025. The second phase, which is in planning stages, will add 128 units and will be located on the north section of the 2.25-acre lot. Community amenities will include a community room, designated exercise area, storage room for 200 bicycles, tot lot playground and common outdoor areas with barbecues. The first level will be dedicated to parking and management offices, with a 6,000-square-foot courtyard on the third level. Additionally, each floor will have a laundry room and centralized trash chute system. The complex will offer units to families earning between 30 percent to 80 percent of the area median income, with restrictions for affordability to stay in place for 55 years. A.C. Martin is serving as architect, with management from AMJ Construction Management.

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FM-Global-Norwood-Massachusetts
DevelopmentLife SciencesMassachusettsNortheastOffice

Hobbs Brook Breaks Ground on 320,000 SF Office, Life Sciences Project in Norwood, Massachusetts

by Taylor Williams

NORWOOD, MASS. — Hobbs Brook Real Estate has broken ground on a 320,000-square-foot office and life sciences project in Norwood, a southern suburb of Boston, that is a build-to-suit for commercial property insurance company FM Global. The project will replace a 1950s-era building with a four-story office, lab and research and development building, as well as add a new 930-space parking garage and outdoor amenity spaces. Payette is the project architect, and Shawmut Design & Construction is the general contractor. Completion is slated for 2026.

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13812-La-Pat-Pl-Westminster-CA
AcquisitionsCaliforniaMultifamilyWestern

CBRE Negotiates $10M Sale of La Pat Courtyard Apartments in Westminster, California

by Amy Works

WESTMINSTER, CALIF. — CBRE has negotiated the sale of La Pat Courtyard Apartments, a multifamily asset in the Orange County city of Westminster. An Orange County-based private investor acquired the property from a Los Angeles-based seller for $10 million. Dan Blackwell and Andrew Boukather of CBRE represented the seller, while Blackwell and Amanda Fielder of CBRE represented the buyer in the transaction. Located at 13812 La Pat Place, La Pat Courtyard consists of 21,416 square feet of space spread across two two-story buildings. Originally built in 1961, the property recently underwent extensive interior and exterior renovations, totaling more than $1.4 million in improvements. The 30-unit community offers one studio unit, 17 one-bedroom units and 12 two-bedroom units, all completely remodeled during the renovation process. The units offer washers/dryers, stainless steel appliances, a wall air conditioner, mirrored closet sliding doors and plank vinyl flooring. Community amenities include a courtyard with picnic tables, barbecues and pergolas; front and rear security gates; and 49 parking spaces, including three garage spaces, 27 covered spaces and 19 open spaces.

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Cortona-Inn-Suites-Anaheim-CA
CaliforniaHospitalityLoansWestern

PSRS Arranges $9.1M Refinancing for Cortona Inn and Suites in Anaheim, California

by Amy Works

ANAHEIM, CALIF. — PSRS has arranged $9.1 million in refinancing for Cortona Inn and Suites, a hotel property in Anaheim. Situated in the heart of Anaheim Resort, the hotel features 127 guest rooms. Cortona Inn and Suites is adjacent to Anaheim Convention Center and walking distance from Disneyland. Mike Thorp and Ari Zeen of PSRS secured a seven-year loan, provided with a bank execution, for the undisclosed borrower.

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CivicDevelopmentLoansMassachusettsMultifamilyNortheastStudent Housing

MassDevelopment Provides $11M Bond Financing for Student Housing Project in Fitchburg, Massachusetts

by Taylor Williams

FITCHBURG, MASS. — MassDevelopment has provided $11 million in tax-exempt bond financing for a student housing project in Fitchburg, about 55 miles west of Boston. The project will add a two-story building to the campus of Applewild School, a private day and boarding school, that will house 20 bedrooms for 40 students and six faculty apartments. Construction is underway and expected to be complete before the start of the fall 2024 semester. Proceeds will also be used to fund renovations to the preschool and toddler facilities in the Marshall Building. Enterprise Bank purchased the bond.

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2350-Oak-Ridge-Way-Vista-CA
AcquisitionsCaliforniaIndustrialWestern

Hana Roads Holdings Sells 35,469 SF Industrial Building in Vista, California

by Amy Works

VISTA, CALIF. — Hana Roads Holdings LLC has completed the disposition of an industrial building in Vista to Dangra Inc. for $8.8 million, or $250 per square foot. Vista is in northern San Diego County. Matt Pourcho, Anthony DeLorenzo, Matt Harris and Casey Sterk of CBRE’s Investment Properties team represented the seller, while Sam Sukut of Matthews Real Estate represented the buyer in the deal. Located at 2350 Oak Ridge Way, the building features 25,969 square feet of warehouse space and 9,500 square feet of office space, with 24-foot clear heights. Built in 1999, the building was renovated in 2012 to add a rooftop solar system that fully powers the building.

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LoansMultifamilyNew YorkNortheastOffice

Largo Capital Arranges $6M Bridge Loan for Multifamily Conversion Project in Buffalo

by Taylor Williams

BUFFALO, N.Y. — Locally based financial intermediary Largo Capital has arranged a $6 million bridge loan for a multifamily conversion project in Buffalo. The project will convert a 272,000-square-foot office complex in the downtown area that was formerly known as the Atrium Building into a residential building with an undetermined number of units. Kevin Coscia and Ned Perlman of Largo arranged the debt. The direct lender and borrower were not disclosed.

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