Wednesday, November 11, 2026
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AcquisitionsBuild-to-RentMultifamilyNorth CarolinaSingle-Family RentalSoutheast

Capital Square Purchases 113-Unit Build-to-Rent Residential Community in Castle Hayne, North Carolina

by John Nelson

CASTLE HAYNE, N.C. — Capital Square has purchased Sidbury Station, a newly constructed build-to-rent (BTR) residential community located at 6105 Dichondra Road in Castle Hayne, part of the Wilmington metropolitan statistical area. The sales price was not disclosed. Delivered last year by homebuilding giant D.R. Horton, the community features 113 detached single-family rental (SFR) homes, as well as a resort-style swimming pool, fitness center, clubhouse, sport court and a playground. Sidbury Station’s homes average 1,829 square feet in size with floor plans ranging from three to five bedrooms. Features include granite countertops, stainless steel appliances, full-size washers and dryers, walk-in closets, smart home integration, backyards and attached two-car garages. Sidbury Station represents Capital Square’s fifth BTR offering for its Section 1031/Delaware statutory trust (DST) program and the eighth BTR project for its private equity group. The community was acquired on behalf of CS1031 Sidbury Station BFR Housing DST, which seeks to raise equity from accredited investors.

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Affordable HousingDevelopmentGeorgiaMixed-UseMultifamilyRetailSoutheast

City of Refuge Breaks Ground on $15.2M Mixed-Use Center in West Atlanta

by John Nelson

ATLANTA — Nonprofit organization City of Refuge has broken ground on its Transformation Center, a new 38,000-square-foot facility at 1343 Joseph E. Boone Blvd. on Atlanta’s west side. Scheduled to open in fall 2025, the project marks the most significant initiative within the City of Refuge “Breaking Barriers. Building Momentum.” campaign, according to the organization. Situated on the former American Legion lot near the City of Refuge campus, the $15.2 million center will comprise three stories featuring an Entrepreneurship Hub with a classroom, offices and lab; a market or grocery store; medical and mental health clinic; an onsite credit union providing financial services; and 25 multifamily residential units adjacent to the main building. The residences will include apartments in a mix of two- and three-bedroom layouts, with one four-bedroom unit. Thirteen of the units will be reserved for residents earning at or below 30 percent of the area median income (AMI). Invest Atlanta will provide a $2 million BeltLine Tax Allocation District (TAD) grant to fund the residential component. City of Refuge has also received a $3 million federal New Market Tax Credit (NMTC) through Atlanta Emerging Markets and Capital One. The Community Foundation for Greater Atlanta and TogetherATL are …

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Wells-Enterprises-Dunkirk-New-York
DevelopmentIndustrialNew YorkNortheast

Wells Enterprises Unveils Plans for $425M Expansion of Upstate New York Ice Cream Plant

by Taylor Williams

DUNKIRK, N.Y. — Wells Enterprises, an Iowa-based ice cream manufacturer whose brands include Blue Bunny, Halo Top and Blue Ribbon Classics, has unveiled plans for a $425 million expansion of its plant in Dunkirk, located along Lake Erie in upstate New York. Wells Enterprises anticipates that the initiative, which was originally budgeted for $250 million in capital investment, will bring about 270 new jobs to the local economy. In addition, the project is expected to more than quadruple the facility’s current production output and lay the groundwork for future growth and innovation. Construction is underway, and products should begin rolling off the new lines by August 2025.

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Juniper-Everett
DevelopmentMassachusettsMultifamilyNortheast

Greystar Breaks Ground on 416-Unit Multifamily Project in Everett, Massachusetts

by Taylor Williams

EVERETT, MASS. — South Carolina-based developer Greystar has broken ground on a 416-unit multifamily project in the eastern Boston suburb of Everett. The project represents the second phase of a larger development at 1690 Revere Beach Parkway, the first phase of which totals 325 units and is known as Jade. Phase II will be known as Juniper and is slated for a mid-2026 delivery. CUBE3 Architects designed both properties, which between them will include 850 parking spaces, 10,500 square feet of retail space and 22,800 square feet of amenity space.

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DevelopmentMultifamilyNew JerseyNortheastSeniors Housing

DIGroup, JCHC Complete Renovation, Expansion of Northern New Jersey Seniors Housing Property

by Taylor Williams

WHIPPANY, N.J. — DIGroup Architecture and Jewish Community Housing Corp. (JCHC) have completed a renovation and expansion project at Lester Senior Living in Whippany, approximately 30 miles west of Manhattan. The facility provides independent living and assisted living services. The project added about 20,000 square feet of new amenities. The project team also worked to create more interactive spaces for residents by enhancing the café/reading room and refurbishing the dining room. A new theater was added to the second level, and the atrium was also renovated.

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IndustrialLoansNew YorkNortheast

Eastern Union Arranges $12M Loan for Refinancing of Brooklyn Industrial Building

by Taylor Williams

NEW YORK CITY — Eastern Union has arranged a $12 million loan for the refinancing of a 35,210-square-foot industrial building in the Williamsburg area of Brooklyn. The single-story building was originally constructed in 1931 and includes warehouse and office space as well as onsite parking. David Brody of Eastern Union arranged the loan, which was structured with a five-year term, a 65 percent loan-to-value ratio and a fixed interest rate of 6.54 percent. The borrower and direct lender were not disclosed.

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AcquisitionsConnecticutNortheastRetail

CBRE Brokers $6.2M Sale of Heritage Plaza Shopping Center in New Fairfield, Connecticut

by Taylor Williams

NEW FAIRFIELD, CONN. — CBRE has brokered the $6.2 million sale of Heritage Plaza, a 26,403-square-foot shopping center in New Fairfield, located on the New York-Connecticut border. The center was fully leased at the time of sale to tenants such as First Step Pre-School and New Fairfield Animal Hospital. Karly Iacono, Dean Rosenzweig and Christopher Betting of CBRE represented the seller in the transaction. Mark Krantz and Derrick Dougherty of Marcus & Millichap represented the buyer. Both parties requested anonymity.

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AcquisitionsBuild-to-RentIndianaMidwestSingle-Family Rental

Marcus & Millichap Brokers Sale of 142-Unit Build-to-Rent Community in Greenfield, Indiana

by Kristin Harlow

GREENFIELD, IND. — Marcus & Millichap has brokered the sale of Sandalwood West, a 142-unit build-to-rent community in the eastern Indianapolis suburb of Greenfield. The sales price was undisclosed. Completed in 2023, the property features a mix of three-, four- and five-bedroom homes. Scott Harris and Samuel McCarthy of Marcus & Millichap represented the seller, D.R. Horton, and procured the buyer, a real estate fund managed by Up&Up. The property is situated in Hancock County, which is experiencing multifamily vacancy of 1.5 percent and rental growth of 11.4 percent over the past 12 months, according to Harris.

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LoansMichiganMidwestOffice

Bernard Financial Group Arranges $7.9M Loan for Refinancing of Office Property in Ann Arbor

by Kristin Harlow

ANN ARBOR, MICH. — Bernard Financial Group (BFG) has arranged a $7.9 million loan for the refinancing of a 100,007-square-foot flex office property in Ann Arbor. Dennis Bernard and Adam Ferguson of BFG arranged the loan on behalf of the borrower, an entity doing business as 2725/2805 Associates LLC. Genworth Life Insurance Co. provided the loan.

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DevelopmentMidwestMissouriRetail

IMPACT Strategies Breaks Ground on Pre-Owned Car Dealership for Clement in Suburban St. Louis

by Kristin Harlow

ST. CHARLES, MO. — IMPACT Strategies Inc. has broken ground on a new pre-owned car dealership for Clement Auto Group in St. Charles, a northwest suburb of St. Louis. Clement will be able to stay operational throughout the project. IMPACT will manage the demolition of the existing sales building and construction of a new building at 3621 Veterans Memorial Parkway off I-70. The project consists of an 11,700-square-foot building featuring a showroom, celebration bay, service drive and new sales lot. Completion is slated for spring 2025. Clement maintains four new car dealerships and two pre-owned dealerships in metro St. Louis.

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