Monday, June 29, 2026
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DevelopmentFloridaLoansMultifamilySoutheast

Mast Capital Receives $65M Construction Financing for Multifamily Community in Fort Myers

by John Nelson

FORT MYERS, FLA. — Mast Capital has received a $65 million loan for the construction of Hancock Bridge Square, a 320-unit multifamily project in Fort Myers. The developer has recently broken ground on the development, which will be located at 13370 N. Cleveland Ave. and feature three- and four-story apartment buildings. General contractor Kaufman Lynn is building the community, which was designed by Humphreys & Partners Architects. Amenities at Hancock Bridge Square will include a fitness center, lounge and entertainment kitchen, workspace, swimming pool and a sun deck. Chris Drew, Brian Gaswirth, Jesse Wright and Paul Adams of JLL secured the construction financing through Centerbridge Partners — which served as an agent for MassMutual Life Insurance Co. — on behalf of Mast Capital. A construction timeline was not disclosed.

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AcquisitionsAlabamaRetailSoutheast

Cove Capital Acquires 130,056 SF Eastwood Village Retail Center in Birmingham

by John Nelson

BIRMINGHAM, ALA. — Cove Capital Investments has acquired Eastwood Village, a 130,056-square-foot retail center located in Birmingham. Tenants at the property, which was 96 percent occupied at the time of sale, include Ross Dress for Less, Five Below, Office Depot, Michaels, Party City and Starbucks Coffee. The acquisition marks the newest addition to Cove Capital’s DST portfolio, which includes 89 properties totaling 2.1 million square feet throughout the country. The seller and sales price were not disclosed.

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Austin-Point-Rosenberg
DevelopmentIndustrialTexas

Signorelli Breaks Ground on Phase I of 4,700-Acre Master-Planned Community Near Houston

by Taylor Williams

ROSENBERG, TEXAS — Locally based developer The Signorelli Co. has broken ground on Phase I of Austin Point, a 4,700-acre master-planned community in Rosenberg, located roughly 30 miles southwest of Houston in Fort Bend County. Upon completion, the development will feature 14,000 homes and 17 million square feet of multifamily, office, medical, retail and hospitality space. The project will also include the extension of Fort Bend and Grand parkways at the development site for more convenient access to downtown Houston. Phase I of Austin Point will include the construction of 400 homes that will be built on smaller lots in an alley-loaded format and will range in size from 1,300 to 4,500 square feet.

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LoansOfficeTexas

Silver Star Properties Receives $135M in Financing for Liquidation of Texas Office Portfolio

by Taylor Williams

HOUSTON — Houston-based Silver Star Properties REIT has received $135 million in financing to facilitate the liquidation of its 4.2 million-square-foot portfolio of office assets in Texas. Silver Star intends to sell all 27 properties in the portfolio, which includes two industrial assets and one retail asset, and to use the proceeds to exclusively acquire self-storage facilities. The financing consists of a $120 million floating-rate senior loan from New York City-based Benefit Street Partners and a $15 million co-terminus second mortgage loan from California-based boutique lender RWBC. Raymond James Financial advised Silver Star, which has already sold the 139,069-square-foot Bent Treen Green office building in North Dallas, on the transaction.

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AcquisitionsIndustrialTexas

CIM Group Sells 139,502 SF Cold Storage Facility in Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Los Angeles-based development and investment firm CIM Group has sold a 139,502-square-foot cold storage facility in Fort Worth. The site, which CIM Group acquired in 2020, spans 14.4 acres near the junction of Interstates 20 and 35. According to LoopNet Inc., the newly constructed facility features 36-foot clear heights, 34 dock-high doors, an ESFR sprinkler system and parking for 44 trailers (expandable to 101). The buyer and sales price were not disclosed.

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AcquisitionsMultifamilyTexas

KW Commercial Arranges Sale of 26-Unit Casa Grande Apartments in Brownwood, Texas

by Taylor Williams

BROWNWOOD, TEXAS — KW Commercial, a division of national brokerage firm Keller Williams Realty, has arranged the sale of the 26-unit Casa Grande Apartments in Brownwood, located roughly 160 miles southwest of Dallas and 140 miles northwest of Austin. Built in 1979, the property offers one- and two-bedroom units as well as a courtyard and onsite laundry facilities. Ryan Franckhauser of KW Commercial represented the seller, a Dallas-based private investor, in the all-cash transaction. The name of the Wyoming-based buyer was not disclosed.

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Leasing ActivityOfficeTexas

GSR Andrade Architects Signs 10,491 SF Office Lease in Dallas’ West End District

by Taylor Williams

DALLAS — GSR Andrade Architects has signed a 10,491-square-foot office lease at the historic Oilwell Supply Building in the West End district of Dallas. The five-story, 73,384-square-foot building is located at 2001 N. Lamar St. and was originally constructed in 1923. Nate Hruby and Demian Salmon of Stream Realty Partners represented GSR Andrade, which is relocating from the Exposition Park area, in the lease negotiations. A partnership between The Deal Co. and Scarlet Capital owns the building.

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Seattle-Metro-Logistics-Seattle-WA
DevelopmentIndustrialWashingtonWestern

TCC, MetLife Investment Near Completion of 702,429 SF Seattle Metro Logistics in South Seattle

by Amy Works

SEATTLE — Trammel Crow. Co (TCC) and its joint venture partner MetLife Investment Management are near completion of Seattle Metro Logistics, a two-story industrial facility at 44 S. Nevada Ave. in South Seattle. In 2021, the Port of Seattle Commission approved the long-term ground lease for this portion of Port-owned land — known as Terminal 106 — to TCC, allowing for the demolition of the port’s old warehouse and construction of a new light industrial facility, which started in 2022. Slated for delivery this August, the 702,429-square-foot facility will feature 30-foot clear heights, 50-foot by 50-foot column spacing, 350 pounds per square foot floor loading, ESFR sprinklers, 289-foot warehouse depth and truck court depths ranging from 131 feet to 135 feet. The property is designed to suit a broad range of industrial uses, from last-mile and regional distribution to storage, maritime and manufacturing uses. Seattle Metro Logistics will include a parking garage with 701 spaces and a solar-ready roof. Project partners include Nelson Worldwide as architect of record, Lease Crutcher Lewis as general contractor and Bank OZK as construction lender. Andrew Stark and Andrew Hitchcock of CBRE are handling the marketing and leasing of the facility.

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Build-to-RentCaliforniaDevelopmentLoansMultifamilySingle-Family RentalWestern

Kennedy Wilson Provides $95M Construction Loan for Multifamily Development in Santa Clarita, California

by Amy Works

SANTA CLARITA, CALIF. — Kennedy Wilson’s debt platform has provided a $95 million senior construction loan to a joint venture between Greystar Real Estate Partners and The Resmark Cos. The funds will be used for the development of a multifamily and build-to-rent project in Santa Clarita, approximately 33 miles northwest of downtown Los Angeles. Situated within Sand Canyon Plaza, the community will feature 259 rentable multifamily units and 64 build-to-rent townhomes. The multifamily residents will have access to a fitness center, club room, courtyard, game lounge, coworking space and a fourth-floor sky deck with unobstructed mountain views. The build-to-rent townhomes will offer expansive green space areas, multiple open turf play areas and a tot lot that will cater to young families renting in the community. The project will also feature a resort-style pool and spa that will be shared by both multifamily and build-to-rent townhome residents. Upon completion, the 87-acre Sand Canyon Plaza will feature parks, open spaces, a walking trail system and a 45,000-square-foot retail center anchored by Sprouts Farmers Market, which is slated to break ground this year.

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13812-Newport-Ave-Tustin-CA
AcquisitionsCaliforniaRetailWestern

World Premier Investments Acquires Newport and Walnut Center Strip Mall in Tustin, California

by Amy Works

TUSTIN, CALIF. — World Premier Investments has purchased Newport and Walnut Center, a retail strip center in the Orange County city of Tustin. A private family trust sold the asset for $6.2 million. Daniel Tyner, Gleb Lvovich and Geoff Tranchina of JLL Capital Markets represented the seller and buyer in the deal. Located at 13812 Newport Ave., Newport and Walnut Center features 9,624 square feet of retail space. The center is fully occupied by eight tenants, including HiroNori Craft Ramen, Crown Beauty, Studio 18 Nail Bar and Moon Lash Beauty.

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