Wednesday, May 13, 2026
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AcquisitionsIllinoisMidwestRetail

JLL Brokers Sale of 125,826 SF Aurora Commons Shopping Center in Aurora, Illinois

by Kristin Harlow

AURORA, ILL. — JLL Capital Markets has brokered the sale of Aurora Commons, a 125,826-square-foot, open-air shopping center in Aurora. The sales price was undisclosed. Built in 1988, the property is 75 percent leased to tenants such as Ross Dress for Less, DD’s Discounts, Five Below, Dollar Tree, T-Mobile and H&R Block. Cermak Fresh Market shadow anchors the center, which is located at 1272 N. Lake St. Michael Nieder, Keely Polczynski and Caity Tirakian of JLL represented the seller, IRC Retail Centers. Sperry Equities was the buyer.

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AcquisitionsHospitalityIowaMidwest

Marcus & Millichap Arranges Sale of 136-Room Hospitality Portfolio in Burlington, Iowa

by Kristin Harlow

BURLINGTON, IOWA — Marcus & Millichap has arranged the sale of a 136-room hospitality portfolio in Burlington, a city in southeast Iowa. The sales price was undisclosed. The portfolio includes the 60-room Fairfield Inn & Suites and the 76-room Holiday Inn Express & Suites. Jared Plamann, Jon Ruzicka, Jake Erickson and Joseph Ferguson of Marcus & Millichap represented the seller and procured the buyer, which completed a 1031 exchange.

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DevelopmentLeasing ActivityMidwestNebraskaRetail

Aldi to Open 20,000 SF Store in Papillion, Nebraska

by Kristin Harlow

PAPILLION, NEB. — Aldi is opening a new 20,000-square-foot grocery store at Settlers Creek in Papillion. Completion is slated for spring 2024. The store, which will be situated between Sam’s Club and Hobby Lobby, marks Aldi’s 12th location in Nebraska and first in Papillion. Settlers Creek is a 250,000-square-foot shopping center owned and developed by The Lerner Co. and RED Development.

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Leasing ActivityMidwestNebraskaOffice

Colliers Negotiates 12,598 SF Office Lease at Farnam Executive Center in Omaha

by Kristin Harlow

OMAHA, NEB. — Colliers Nebraska has negotiated a 12,598-square-foot office lease at Farnam Executive Center in Omaha. Adam Marek of Colliers represented the tenant, a national law firm focused on assisting government agencies with improving service delivery. Chris Mensinger, Justin Spooner and Lizzie Mensinger of Colliers represented the landlord, White Lotus Group. Recently purchased by White Lotus Group, Farnam Executive Center rises four stories and totals 92,242 square feet.

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ISTB12-ASU-Mesa-AZ
ArizonaCivicDevelopmentLife SciencesWestern

McCarthy Building Cos. Breaks Ground on $185M Science, Technology Building at ASU’s Polytechnic Campus in Mesa

by Amy Works

MESA, ARIZ. — McCarthy Building Co., as general contractor, and SmithGroup, as designer, have broken ground on Interdisciplinary Science and Technology Building 12 (ISTB12), a $185 million project at Arizona State University’s Polytechnic campus in Mesa. The multi-level research and education building will provide a centralized location for Ira A. Fulton Schools of Engineering’s new School of Manufacturing Systems and Networks. The 173,194-square-foot building will consist of three floors and 128,828 programmable square feet for office, meeting, industrial, research and collaboration spaces. The facility will also offer specific spaces and labs specializing in additive manufacturing; robotics for smart manufacturing and industry automation; cyber manufacturing and operations research; semiconductor manufacturing; and manufacturing systems for the energy sector. Completion is slated for November 2025. Partners on the project include WOODPATEL, PK Associates and Speedie & Associates, as well as additional integrated design services performed by SmithGroup, including MEP engineering, lab planning and landscape architecture.

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Cuvee-Apts-Glendale-AZ.jpg
AcquisitionsArizonaMultifamilyWestern

Fore Property Co. Divests of 310-Unit Cuvee Multifamily Community in Glendale, Arizona for $86M

by Amy Works

GLENDALE, ARIZ. — Fore Property Co. has completed the sale of Cuvee, an apartment property located at 7200 N. 91st Ave. in Glendale. Pillar Communities acquired the Class A asset for $86 million. Completed in 2023, Cuvee features 310 apartments; two resort-style pools; a two-story, club-style fitness center; and a residential clubhouse with TV lounges, a game room, coffee bar and business center. Asher Gunter, Matt Pesch, Sean Cunningham and Austin Groen of CBRE represented the seller in the deal.

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Bear-Valley-Park-Apts-Denver-CO
AcquisitionsColoradoMultifamilyWestern

MG Properties Buys Bear Valley Park Apartments in Denver for $76M

by Amy Works

DENVER — MG Properties has acquired Bear Valley Park Apartments, a garden-style community in Denver, from Jackson Square Properties for $76 million. Located at 5775 W. Dartmouth Ave., Bear Valley Park Apartments features one- and two-bedroom units with stainless steel appliances, islands and designer finishes. The pet-friendly community offers a heated pool, outdoor fire pit, 24-hour package lockers, private parking lot with available garages, resident lounge, fitness center and spa. Jordan Robbins and Alex Possick of JLL Capital Markets represented the seller in the transaction. Charles Halladay, Rick Salinas, Brandon Smith and Annie Rice of JLL Capital Market arranged acquisition financing through Fannie Mae for MG Properties.

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SunCoast-Park-Hotel-Anaheim-CA
CaliforniaHospitalityLoansWestern

Seven Hills Realty Trust Arranges $29M Refinancing for SunCoast Park Hotel Anaheim

by Amy Works

ANAHEIM, CALIF. — Seven Hills Realty Trust (NASDAQ: SEVN) has arranged a $29 million first mortgage floating rate bridge loan to refinance SunCoast Park Hotel Anaheim, located at 1640 S. Clementine St. in Anaheim. The borrower is Irvine-based SunCoast Properties. Part of the Tapestry Collection by Hilton, the select-service hotel features 174 guest rooms. The loan has a two-year initial term with three one-year extension options, subject to the borrower meeting certain requirements. SEVN’s manager, Tremont Realty Capital, was introduced to the transaction by Robert Douglas, which advised SunCoast Properties. Tremont Realty Capital is an affiliate of The RMR Group.

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Park-91-Phoenix-AZ.jpg
ArizonaDevelopmentIndustrialWestern

NR Martens Starts Construction of 278,000 SF Industrial Complex in Phoenix

by Amy Works

PHOENIX — NR Martens Development Co. (MDC) has broken ground on Park 91, a 20-acre, Class A industrial development at the southwest corner of 91st Avenue and Buckeye Road in Phoenix. The 278,000-square-foot complex is the second phase of Logic Park, a 739,000-square-foot industrial park situated on 44 acres. Park 91 will include a 102,000-square-foot building and a 176,000-square-foot building, with the ability to serve tenants ranging in size from 20,000 square feet to 175,000 square feet. Completion is slated for late 2024. Ware Malcomb is serving as architect, Wespac as general contractor and Kimley-Horn as project engineer. Gary Anderson of Cushman & Wakefield is handling leasing for the project. Trez Capital, a private lender, provided construction financing for Park 91.

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CivicDevelopmentGeorgiaSoutheastTop Stories

U.S. Soccer Federation to Develop $228M National Training Center in Metro Atlanta

by Jeff Shaw

FAYETTEVILLE, GA. — The U.S. Soccer Federation has selected a site in Fayetteville, 22 miles south of downtown Atlanta, to develop its new National Training Center. The facility will be located within the master-planned community of Trilith and will span more than 200 acres. The development is expected to create 440 new jobs and costs $228 million to develop, according to the State of Georgia.  The National Training Center will serve as the headquarters for U.S. Soccer, which is currently based in Chicago. Plans for the facility include a dozen soccer fields; more than 100,000 square feet of indoor courts for all 27 of the U.S. Soccer national teams; and 200,000 square feet of facilities, locker rooms, meeting rooms and headquarters space for U.S. Soccer employees. The federation plans to break ground on the project in the spring of 2024. Arthur Bank, co-founder of The Home Depot and owner of Major League Soccer team Atlanta United and the NFL’s Atlanta Falcons, contributed $50 million to the development. According to U.S. Soccer, the site was chosen due to its proximity to the Hartsfield-Jackson Atlanta International Airport and Atlanta’s downtown area, optimal climate for year-round programming, the ability to impact the local …

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