Property Type

ANF Completes 99-Unit Affordable Seniors Housing Community in South Florida

by John Nelson October 28, 2025

OPA-LOCKA, FLA. — Construction and development firm ANF has completed the construction of Wellspring Apartments, a new affordable seniors housing community located in Opa-locka, roughly 15 miles northwest of Miami. The Integral Group was the developer. Totaling 99 units, Wellspring Apartments features studio, one- and two-bedroom apartments. Residences are reserved for seniors earning at or below 60 and 50 percent of the area median income (AMI), with 67 units reserved for residents earning at or below 50 percent of AMI and 32 units reserved for residents earning at or below 60 percent of AMI. Amenities at the 81,350-square-foot property include a computer and library room, fitness center, community center with a full kitchen and a covered terrace.

October 28, 2025

Acquisitions Retail South Carolina Southeast

Marcus & Millichap Brokers $7.2M Sale of Shopping Center in Lexington, South Carolina

by John Nelson October 28, 2025

LEXINGTON, S.C. — Marcus & Millichap has brokered the $7.2 million sale of Hope Ferry Center, a 51,749-square-foot retail center located in the Columbia suburb of Lexington. Built in 2001 on 3.5 acres, Hope Ferry Center was leased to 23 tenants at the time of sale, including McAlister’s Deli, Learning Express Toys, Snip-Its, Blush Boutique, Tulip Boutique and Regional Finance. Harrison Creason and Andrew Margulies of Marcus & Millichap represented the seller, a local family partnership that owns and manages shopping centers throughout the Southeast. The property has been under single ownership since construction.

October 28, 2025

Georgia Leasing Activity Office Southeast

Colliers Arranges 26,285 SF Office Lease in Alpharetta, Georgia

by John Nelson October 28, 2025

ALPHARETTA, GA. — Colliers has arranged a 26,285-square-foot lease at Preston Ridge III, a six-story office building located at 3460 Preston Ridge Road in Alpharetta, a northern suburb of Atlanta. The undisclosed tenant has previously subleased space at Preston Ridge III. Deming Fish of Colliers represented the landlord, Hobbs Brook Real Estate (HBRE), in the lease transaction. Preston Ridge III is a newly renovated, 146,000-square-foot office property situated off Ga. Highway 400. New touches to the office building include collaborative areas, fitness center with lockers, a refreshed lobby, common areas and EV charging stations.

October 28, 2025

California Development Multifamily Western

Hanover Co., KTGY Break Ground on Residential Building at 22-Acre Coyote Creek Village in North San Jose

by Amy Works October 28, 2025

SAN JOSE, CALIF. — Hanover Co., with KTGY as designer and architect, has broken ground on the first market-rate residential building at Coyote Creek Village, a 22-acre lifestyle-focused mixed-use community in North San Jose. KTGY has designed three market-rate residential buildings, totaling 1,140 apartments, for the development. The seven-story buildings will offer a mix of studio, one-, two- and three-bedroom apartments. Hanover Parkside (Building A) is currently underway with completion slated for fourth-quarter 2027, and Hanover Coyote Creek (Building B) is set to break ground in second-quarter 2026. The master-planned community will also feature 154 for-sale townhomes by SummerHill Homes and 136 affordable rental apartments by The Pacific Cos.

October 28, 2025

Arizona Development Industrial Western

IndiCap, VAC Development Start Construction of $31M Bethany Bay Industrial Project in Glendale, Arizona

by Amy Works October 28, 2025

GLENDALE, ARIZ. — IndiCap and VAC Development have broken ground for Bethany Bay, a Class A shallow-bay industrial project in Glendale. Located at 16380 and 16840 W. Bethany Home Road, the $31 million development will feature 136,800 square feet spread across two buildings. Completion is slated for August 2026. The 98,060-square-foot Building 1 will offer a clear height of 28 feet and 5,000 amps of power, and the 39,226-square-foto Building 2 will feature a clear height of 24 feet and 2,500 amps of power. Suite sizes will range from 4,500 square feet to 18,000 square feet, with each building accommodating four to six users. Building 2 will be delivered with fully built-out speculative office suites ranging from 800 square feet to 1,100 square feet — each of which will be connected to warehouse space and equipped with HVAC, lighting and restrooms for near-immediate occupancy. MIke Schwab of Land Advisors handled the project on behalf of IndiCap. The project team includes Berkeley Partners as senior lender, Olive Point Capital as preferred equity, Newmark as lender placement, Colliers as leasing broker, Commonwealth Land Title Insurance Co. as title company, Ware Malcomb as architect and civil engineer and FCL Builders as general contractor.

October 28, 2025

Acquisitions California Office Western

CBRE Arranges Sale of 79,528 SF Office Building in Brea, California

by Amy Works October 28, 2025

BREA, CALIF. — CBRE has arranged the sale of an office property located at 120 S. State College Blvd. in Brea. A local private investor acquired the asset from an undisclosed seller for $19.5 million. Anthony DeLorenzo, Sammy Cemo, Bryan Johnson and Harry Su of CBRE represented the seller in the deal. Built in 1985 and renovated in 2015, the 79,528-square-foot property is situated on 2.3 acres within Brea Place. At the time of sale, the property was fully leased to six tenants, including County of Orange, Calif., CareFusion, Whittier Filtration, HdL Cos. and Yellow Box Corp.

October 28, 2025

Acquisitions Industrial Self-Storage Utah Western

Marcus & Millichap Negotiates Sale of 63,630 SF Pink Door Storage & RV Facility in Magna, Utah

by Amy Works October 28, 2025

MAGNA, UTAH — The LeClaire-Schlosser Group of Marcus & Millchap has directed the sale of Pink Door Storage & RV, a 63,630-square-foot storage facility in Magna. A local development partnership sold the asset to Zoke Group for an undisclosed price. Jordan Farrer and Adam Schlosser of Marcus & Millichap represented the seller. Constructed in 2002, Pink Door Storage & RV features 445 self-storage units spread across seven single-story buildings with 220 drive-up units. Property amenities include a gate entry with a digital keypad, an onsite management office in front of the entrance gate, 24/7 surveillance, asphalt driveways, units with roll-up doors and covered RV and boat parking.

October 28, 2025

Acquisitions California Net Lease Restaurant Retail Western

Hanley Investment Group Brokers $4.3M Sale of Starbucks-Occupied Retail Property in Azusa, California

by Amy Works October 28, 2025

AZUSA, CALIF. — Hanley Investment Group Real Estate Advisors has negotiated the sale of a newly renovated single-tenant restaurant property at 843 Arrow Highway in Azusa. Los Angeles-based California Icon LLC sold the asset to Glendale, Calif.-based MTSA Properties for $4.3 million. The 3,800-square-foot Starbucks Coffee-occupied building was originally constructed in 1970 and renovated in 2025 to meet the company’s newest prototype. The property features a café with interior seating, a patio and a drive-thru. The asset is secured by a new long-term absolute triple-net lease with minimal landlord responsibilities, according to Bill Asher of Hanley Investment Group. Asher and Jeff Lefko of Hanley Investment Group represented the seller, while Sheila Alimadadian of Marcus & Millichap represented the buyer in the deal.

October 28, 2025

Acquisitions Kansas Midwest Missouri Retail

LANE4, MD Management Acquire 421,546 SF Retail Portfolio in Metro Kansas City

by Kristin Harlow October 28, 2025

KANSAS CITY, MO. AND OVERLAND PARK, KAN. — A group of private investors led by LANE4 Property Group has acquired three Kansas City-area shopping centers totaling 421,546 square feet previously owned by MD Management. LANE4 spearheaded the transaction and structured a recapitalization that allowed some of MD’s generational investors to remain in the partnership while other owners were able to exit. The portfolio includes Metro North Square in Kansas City, Oak Barry Center in Kansas City and West Park Shopping Center in Overland Park. The properties have been owned by members of the Morgan and Dreiseszun families since they were developed. Metro North Square totals 188,270 square feet and is 88 percent occupied. It is located on Barry Road, immediately south of the Metro North Mall redevelopment. Prominent tenants include Children’s Mercy, Power Play, The Salvation Army and Spectrum Station. Oak Barry Center spans 136,892 square feet and is 99 percent leased. The grocery-anchored center is located down the road from Metro North Square and is home to Price Chopper, Planet Fitness and Dollar Tree. West Park Shopping Center totals 96,384 square feet and is 98 percent occupied. Anchor tenants include Johnson County Community College, Catholic Charities and Save-a-Lot. Andrew …

October 28, 2025

Development Midwest Minnesota Retail

Topgolf to Open Second Minnesota Venue in Woodbury This Week

by Kristin Harlow October 28, 2025

WOODBURY, MINN. — Golf entertainment concept Topgolf will open its second venue in Minnesota on Thursday, Oct. 30. The three-level venue is located at 560 Bielenberg Drive in Woodbury and marks the brand’s 111th global outdoor venue. Topgolf Woodbury employs roughly 350 to 400 people and has 102 climate-controlled hitting bays. Each bay is equipped with lounge-type furniture or high-top tables. The venue is equipped with Toptracer technology, which traces each golf ball’s flight path, distance and other metrics. There are a full-service bar and restaurant, more than 140 HDTVs, fire pits, music and year-round programming. A private event space and rooftop terrace can host team outings, family gatherings, meetings or celebrations.

October 28, 2025

Newer Posts

Older Posts