Property Type

Fairfield Residential Completes 340-Unit Multifamily Project in Houston’s Montrose District

by Taylor Williams August 10, 2026

HOUSTON — Fairfield Residential has completed 1010 Waugh, a 340-unit multifamily project in Houston’s Montrose district. Designed by Dallas-based KTGY, the 14-story building offers studio, one- and two-bedroom units that range in size from 539 to 1,612 square feet. Residences are furnished with stainless steel appliances, quartz countertops and individual washers and dryers, with select units offering private balconies/patios. Amenities include a pool, fitness center, golf simulator, sky lounge, coworking space, conference rooms and a game room. Rents start at roughly $1,800 per month for a studio apartment.

August 10, 2026

Loans Multifamily Texas

Newmark Arranges $52M Loan for Refinancing of Metro Houston Multifamily Property

by Taylor Williams August 10, 2026

CYPRESS, TEXAS — Newmark has arranged a $52 million loan for the refinancing of Cantera at Towne Lake, a 366-unit multifamily property in the northwestern Houston metro of Cypress. Built in 2008 within the Towne Lake master-planned community, the property offers one-, two- and three-bedroom units and amenities such as two pools, a fitness center, conference center and outdoor grilling and dining stations. Vince Punzi and Lowell Takahashi of Newmark arranged the loan on behalf of the borrower, California-based owner-operator The Bascom Group, which will use a portion ($4.4 million) of the proceeds to fund capital improvements. The direct lender was not disclosed.

August 10, 2026

Acquisitions Industrial Texas

Zenith IOS Acquires 14.9-Acre Facility in Duncanville, Texas

by Taylor Williams August 10, 2026

DUNCANVILLE, TEXAS — Zenith IOS (industrial outdoor storage) has acquired a 14.9-acre facility in Duncanville, a southern suburb of Dallas. The crane-served property at 1200 N. Main St. houses a 49,000-square-foot, tilt-wall building with nine drive-through bays and four drive-in doors. Andrew Wieseman of Nashville-based brokerage firm Matthews sourced the deal on behalf of Zenith, which acquired the facility as part of a larger portfolio sale that included properties in Blue Mound, Texas, and Tulsa, Oklahoma. The seller and sales price were not disclosed.

August 10, 2026

Affordable Housing California Development Multifamily Western

USA Properties Fund, Irvine Co. Break Ground on 338-Unit Affordable Housing Community in Tustin, California

by Amy Works August 10, 2026

TUSTIN, CALIF. — USA Properties Fund, in partnership with Irvine Co., has broken ground on Terracina at Tustin Legacy, a 338-unit affordable housing community located southeast of Anaheim in Tustin. The community sits within a 1,600-acre master-planned development that is a redevelopment of a former Marine Corps Air Station. Terracina at Tustin Legacy will feature two four-level buildings at 2265 Airship Ave. and 16055 Compass Ave., each featuring one-, two- and three-bedroom apartments, as well as a clubhouse, pool and parking garage. Completion is slated for the second quarter of 2029.

August 10, 2026

Arizona Development Multifamily Western

Garrett Cos. Completes 248-Unit Multifamily Project in Mesa, Arizona

by Amy Works August 10, 2026

MESA, ARIZ. — Garrett Cos. has completed construction of Garrett Mesa, a 248-unit multifamily project located at 1340 S. 48th St. in Mesa’s East Valley submarket. Situated on 14.3 acres, the garden-style development features 13 two- and three-story residential buildings with detached garages and covered parking distributed throughout the site. Designed by Ware Malcomb, the property’s one-, two- and three-bedroom apartments range between 793 square feet and 1,359 square feet with open-concept layouts, private outdoor spaces and kitchens with stainless steel appliances, quartz countertops, wood-style flooring and oversized closets. Community amenities include a resort-style pool, fitness center and a clubhouse.

August 10, 2026

Acquisitions Retail Texas

Marcus & Millichap Brokers Sale of 17,107 SF Retail Strip Center in Flower Mound, Texas

by Taylor Williams August 10, 2026

FLOWER MOUND, TEXAS — Marcus & Millichap has brokered the sale of Long Prairie Plaza, a 17,107-square-foot retail strip center in Flower Mound, located in the northern-central part of the metroplex. Built in 2022, the center was fully leased at the time of sale to tenants such as Active Dental, Teacupfuls, Fiore Nail Bar, Cold Stone Creamery, JDX Blinds, Zelena Head Spa, Degree Wellness and Donatos Pizza. Philip Levy and Chris Gainey of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

August 10, 2026

Acquisitions Colorado Multifamily Western

Monarch Investment Sells 153-Unit Fox Hill Apartments in Golden, Colorado

by Amy Works August 10, 2026

GOLDEN, COLO. — Monarch Investment & Management Group has sold Fox Hill Apartments, a 153-unit garden-style multifamily community located west of Denver in Golden. Sierra Parkway Communities acquired the asset for $32 million. Jordan Robbins, Wick Kirby, Alex Possick and Seth Gallman of JLL Capital Markets represented the seller, which had owned the asset for nearly 30 years, in the deal. Located at 17611 W. 16th Ave., Fox Hill Apartments was 95 percent occupied at the time of sale. Built in 1972, the property offers a value-add opportunity with the ability to renovate 100 percent of the unit interiors.

August 10, 2026

Development Industrial Midwest Ohio

Partnership Breaks Ground on 959,579 SF Spec Industrial Facility in Columbus, Ohio

by Kristin Harlow August 10, 2026

COLUMBUS, OHIO — Trident Capital Group and O’Connor Capital Partners have closed a joint venture with Clarion Partners for the third phase of Rickenbacker Industrial Center in Columbus. The 959,579-square-foot speculative industrial facility will be located at 1669 Rohr Road. Construction has begun, and completion is slated for the first quarter of 2027. Situated on 57.3 acres, the project will feature a clear height of 40 feet, 104 dock doors, 238 trailer stalls and 336 car parking spaces. The project sits within a designated Qualified Opportunity Zone and carries a 15-year, 75 percent property tax abatement. Located within the broader Rickenbacker industrial corridor, the building will offer direct rail access alongside proximity to Rickenbacker International Airport, the Norfolk Southern Rickenbacker Intermodal Terminal and I-270. Dan Wendorf, Brian Marsh and Joseph Davis of JLL are marketing the building for lease.

August 10, 2026

Acquisitions Midwest Minnesota Multifamily

JLL Arranges Sale of 336-Unit Multifamily Community in Burnsville, Minnesota

by Kristin Harlow August 10, 2026

BURNSVILLE, MINN. — JLL Capital Markets has arranged the sale of Twelve 501 Apartments, a 336-unit multifamily community in the Twin Cities suburb of Burnsville. Built in 1986 and extensively renovated beginning in 2017, the property features large layouts and a variety of amenities. The four-story asset is situated on 14.6 acres overlooking Birnamwood Golf Course. Josh Talberg, Joseph Peris and Eli Smith of JLL represented the seller, FPA Multifamily, and procured the buyer, Osso Capital. The deal marks Osso’s first investment in Minnesota.

August 10, 2026

Illinois Industrial Leasing Activity Midwest

Newmark Negotiates 150,316 SF Industrial Lease for Dynamic Manufacturing in Metro Chicago

by Kristin Harlow August 10, 2026

FOREST PARK, ILL. — Newmark has negotiated a long-term, full-building industrial lease totaling 150,316 square feet at 7801 Industrial Drive in Forest Park on behalf of Dynamic Manufacturing. Corey Chase of Newmark represented the tenant. First Industrial Realty Trust Inc. is the landlord. Dynamic Manufacturing will use the facility for warehousing, electrification and manufacturing operations. Full operations are expected to commence in February 2027. Located on 5 acres, the property features 4,509 square feet of office space, a clear height of 24 feet, six interior loading docks, one drive-in door and parking for 120 vehicles. The fully air-conditioned warehouse and planned installation of a new ESFR sprinkler system were key factors in the tenant’s decision to lease the property, according to Newmark.

August 10, 2026

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