Property Type

CBRE Brokers Sale of Four-Property Multifamily Portfolio in Milwaukee for $29.7M

by Kristin Harlow December 17, 2025

MILWAUKEE — CBRE has arranged the sale of a four-property, 358-unit multifamily portfolio in Milwaukee for $29.7 million. The portfolio includes Parkview Apartments, Lisbon Court, Hampton Gardens and Grantosa Apartments. The garden-style properties include parking, laundry facilities, community spaces and patios or balconies for most units. CBRE’s Matson Holbrook, Gretchen Richards, Sean Beuche and Patrick Gallagher represented the seller, Milwaukee-based Metropolitan Associates. Brookfield, Wis.-based Coachlight Communities LLC was the buyer.

December 17, 2025

Acquisitions Midwest Minnesota Multifamily Seniors Housing

Marcus & Millichap Negotiates $6.5M Sale of Seniors Housing Community in Faribault, Minnesota

by Kristin Harlow December 17, 2025

FARIBAULT, MINN. — Marcus & Millichap has negotiated the $6.5 million sale of Pleasant View Estates, a 36-unit assisted living and memory care facility in Faribault, about 50 miles south of Minneapolis. Built in 1998, the property sits on 4.8 acres at 41 Brand Ave. The 44,300-square-foot facility includes 24 one-bedroom units and 12 two-bedroom units. Approximately 75 percent of the residents are Medicaid assisted living facility occupants. The building is connected to a vacant skilled nursing home formerly known as Pleasant Manor. Ray Giannini of Marcus & Millichap represented the seller, Monarch Healthcare Management, and procured the buyer, a regional private investor.

December 17, 2025

Acquisitions Illinois Midwest Multifamily

Interra Realty Arranges Sales of Two Chicago Multifamily Properties Totaling $6.5M

by Kristin Harlow December 17, 2025

CHICAGO — Interra Realty has arranged the sales of two vintage multifamily properties in Chicago. An eight-unit building at 10-12 W. Chestnut St. in the Gold Coast neighborhood sold for $3.4 million, and a two-building, 12-unit property at 1754-1756 W. 21st Place in the Pilsen neighborhood traded for $3.1 million. Jeremy Morton of Interra represented the confidential buyer of the Gold Coast building, while Steven Rapoport of Chicago Real Estate Resources Inc. represented the unnamed seller. Morton and colleague Harrison Pinkus brokered the Pilsen deal on behalf of the private seller, with Denise Reynes of HomeSmart Connect LLC representing the confidential buyer. All buildings were fully occupied at the time of sale and were constructed in the late 1800s.

December 17, 2025

Civic Development Midwest Minnesota

Kraus-Anderson Completes Trails, Landscape Rehab at Split Rock Lighthouse in Minnesota

by Kristin Harlow December 17, 2025

TWO HARBORS, MINN. — Kraus-Anderson has completed a trails and landscape renovation at Split Rock Lighthouse in Two Harbors along Lake Superior. Designed by Quinn Evans, the project returns circulation patterns to their historic locations with modifications for accessibility needs of the site, including a new ADA ramp, a precast boardwalk that follows the path of the original tramway, structural components and new fencing. The site was designated as a National Historic Landmark in 2011. The Minnesota Historical Society directed archeological efforts. The lighthouse remained open to the public during the majority of construction, which began in May. Split Rock Light Station was completed in 1910, and for half a century it helped freighters carry freshly mined ore from Minnesota’s Iron Range. The State of Minnesota obtained the historic and scenic landmark in 1971 and transferred administrative responsibility for the 25-acre Split Rock Lighthouse historic site to the Minnesota Historical Society in 1976. The historic core has been restored to its early 1920s appearance. The project was made possible by the people of Minnesota through an appropriation made by the Minnesota Legislature and approved by the governor.

December 17, 2025

Development Mixed-Use Southeast Top Stories Virginia

Greenberg Gibbons Breaks Ground on $500M Midtown64 Mixed-Use Project in Richmond

by Kristin Harlow December 17, 2025

RICHMOND, VA. — Greenberg Gibbons has broken ground on Midtown64, a more than $500 million mixed-use development comprising 46 acres in Henrico County, located just outside downtown Richmond. Shamin Hotels is a joint venture partner for the project, which is being built on the former Genworth Financial headquarters campus. The personal finance firm signed a 175,000-square-foot office lease in late 2022 to move its headquarters to the SunTrust Business Center in the Richmond suburb of Glen Allen, Va. Located at the intersection of West Broad Street and I-64, Midtown64 will span 2 million square feet with up to 130,000 square feet of upscale retail, restaurant and entertainment space. Anchor tenants will include a grocery store and new-to-market fitness concept. The project will also include up to 300,000 square feet of Class A office space, an apartment community with nearly 1,000 units, 194 townhomes built by homebuilder Lennar and a 226-room, dual-branded hotel featuring Tempo by Hilton. Greenberg Gibbons says the development will feature contemporary architecture, landscaped plazas and convenient parking within a walkable environment. “Midtown64 builds on our track record of revitalizing properties into thriving mixed-use destinations, while marking an exciting expansion of our portfolio in Virginia,” says Brian Gibbons, …

December 17, 2025

Features Industrial

Built for Every Cycle: The Staying Power of Shallow Bay Industrial

by Taylor Williams December 17, 2025

By Cliff Booth, founder & chairman, Westmount Realty Capital Shallow bay industrial, often defined as product with suites between 2,000 and 30,000 square feet, has proven to be a resilient and attractive commercial real estate investment for the past four decades. Today, a combination of persistent tenant demand, flexible space configurations, favorable lease structures and limited new supply continues to drive investor interest in this subcategory of industrial product, including increased institutional capital flows. Shallow bay industrial remains a standout in commercial real estate portfolios — here’s why. Consistent Tenant Demand, Diversification Shallow bay industrial properties cater to a broad spectrum of users, ranging from local contractors and logistics providers to regional distributors and e-commerce firms. These tenants are drawn to highly functional suites that support frequent changes in business operations, from manufacturing to last-mile delivery. Research from JLL shows that over the past decade, the annual average leasing volume in the shallow bay category has been about 250 million square feet, evidencing stable demand through multiple economic cycles. The multi-tenant structure of shallow bay buildings reduces single-tenant risk and enhances asset stability. A project might host five to 50 tenants, with no single occupant accounting for more than 10 percent …

December 17, 2025

Development Hospitality Texas

Crow Holdings to Undertake $100M Renovation of Hilton Anatole Hotel in Dallas

by Taylor Williams December 16, 2025

DALLAS — Crow Holdings will undertake a $100 million renovation of the Hilton Anatole, a 1,610-room hotel located northwest of downtown Dallas. Trammell Crow Co. originally developed the hotel on a 52-acre site in 1979. The renovation will be carried out in phases over the next several years, with completion slated for 2028. Updates to 718 guestrooms were recently completed, and the next phase will include renovations to another 899 guestrooms and 600,000 square feet of meeting and event space. The project will also enhance the hotel’s food-and-beverage offerings, which at present include nine restaurants and bars. The Hilton Anatole also houses a water park and curated art from the Crow family collection.

December 16, 2025

Development Multifamily Student Housing Texas

Deven Group, Parallel to Develop 631-Bed Student Housing Project Near Baylor University

by Taylor Williams December 16, 2025

WACO, TEXAS — Development Ventures Group, known as Deven Group, and Austin-based owner-operator Parallel will develop a 631-bed student housing project near Baylor University in Waco. The site at the corner of James Avenue and 5th Street will house a seven-story building with 265 units in studio through five-bedroom configurations. Amenities will include a resort-style pool and a sky lounge. The groundbreaking for the project is scheduled for April 2026, with completion planned for summer 2028. Teddy Leatherman of JLL and Ryan Lang of Newmark structured the partnership between the two groups.

December 16, 2025

Acquisitions Multifamily Texas

Knightvest Capital Sells 296-Unit Lakeside Apartments in Southwest Houston

by Taylor Williams December 16, 2025

HOUSTON — Dallas-based investment firm Knightvest Capital has sold Lakeside, a 296-unit apartment community in southwest Houston. Built in 2001, Lakeside offers one-, two- and three-bedroom units with an average size of approximately 1,000 square feet. Newly added or upgraded amenities at Lakeside include a clubhouse, pool, fitness center and a dog park. David Mitchell of Newmark represented Knightvest in the transaction. Colin Cross, also with Newmark, arranged financing on behalf of the buyer, Pegasus Real Estate.

December 16, 2025

Acquisitions Multifamily Texas

TMG Negotiates Sale of 76-Unit Apartment Complex in Bryan, Texas

by Taylor Williams December 16, 2025

BRYAN, TEXAS — Dallas-based brokerage firm The Multifamily Group (TMG) has negotiated the sale of Clearleaf Crossing, a 76-unit complex located in the Central Texas city of Bryan. Built in 1983, the property exclusively offers three-bedroom units with an average size of 1,400 square feet. Yonnic Land of TMG represented the seller in the transaction. Dylan Tomor, also with TMG, represented the buyer, which plans to implement capital improvements. Both parties requested anonymity.

December 16, 2025

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