Wednesday, July 22, 2026
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FloridaLeasing ActivityRetailSoutheast

Sembler Signs Michaels to 21,000 SF Retail Lease on Florida’s Space Coast

by John Nelson

INDIAN HARBOUR BEACH, FLA. — The Sembler Co. has signed a 21,000-square-foot retail lease with Michaels for a new store at Causeway Shopping Center in Indian Harbour Beach, a suburb of Melbourne on Florida’s Space Coast. The 112,000-square-foot shopping center is owned by Forge Real Estate Partners III, a joint venture between Sembler and Forge Capital Partners. Sembler also handles leasing at Causeway, whose other tenants include Ross Dress for Less, Bealls Outlet, GNC and Panera Bread, among others. Michaels plans to open the new store before the end of the year. The store formerly housed an Office Depot, which closed in June.

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Leasing ActivityNorth CarolinaRetailSoutheast

Planet Fitness Leases 18,000 SF in Metro Charlotte

by John Nelson

NEWTON, N.C. — Planet Fitness has signed an 18,000-square-foot lease in Newton, roughly 40 miles outside of Charlotte. The tenant will operate in half of a space formerly occupied by Bi-Lo at Marketplace Center. Prior to the lease, the space was vacant for more than seven years. Tad Anderson of Ardor Commercial Advisors represented the landlord, RVS Realty, in the lease negotiations. Jay Hagerman of Providence Group represented Planet Fitness.

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AcquisitionsHealthcareLoansTexas

Remedy, Kayne Anderson Acquire 161,264 SF Specialty Surgical Hospital in Frisco

by Taylor Williams

FRISCO, TEXAS — A joint venture between Chicago-based Remedy Medical Partners and Kayne Anderson Real Estate has acquired Baylor Scott & White Frisco Medical Center, a 161,264-square-foot specialty surgical hospital located on the northern outskirts of Dallas. The two-story, 68-bed facility sits on 7.4 acres and is fully leased to Texas Health Ventures Group, a joint venture between Baylor Scott & White and United Surgical Partners International. Services include orthopedics, OB/GYN, labor delivery/NICU, urology, spine, radiology and general surgery, as well as an emergency department and onsite pharmacy. The seller was not disclosed. First Citizens Bank provided a $75 million acquisition loan for the deal.

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DevelopmentMultifamilyTexas

Wolfe Investments Begins Leasing 88-Unit Multifamily Project in Gunter, Texas

by Taylor Williams

GUNTER, TEXAS — Locally based developer Wolfe Investments has begun leasing Four Cedars Apartments, an 88-unit multifamily project in the North Texas city of Gunter. The property offers one- and two-bedroom units and amenities such as a pool, clubhouse and outdoor grilling and dining areas. The first move-ins are expected to begin in December. Rents start at $1,450 per month for a one-bedroom apartment.

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IndustrialLeasing ActivityLee & AssociatesTexas

Lee & Associates Negotiates 56,965 SF Industrial Lease in Cedar Hill, Texas

by Taylor Williams

CEDAR HILL, TEXAS — Lee & Associates has negotiated a 56,965-square-foot industrial lease in Cedar Hill, a southern suburb of Dallas. The tenant, Lakawana Realty Development, is taking space at Building 3 at High Point 67 Logistics Center, a 184-acre, 2 million-square-foot development by Hillwood. Stephen Williamson of Lee & Associates represented the tenant in the lease negotiations. Kacy Jones, Brian Gilchrist and Steve Koldyke of CBRE represented Hillwood.

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Leasing ActivityOfficeTexas

Electric Power Engineers Signs 17,132 SF Office Lease in Southwest Austin

by Taylor Williams

AUSTIN, TEXAS — Electric Power Engineers has signed a 17,132-square-foot office lease in southwest Austin. The engineering consulting firm is taking space at the 167,369-square-foot Uplands 1, which was renovated in 2019. Matt Frizzell and Kevin Granger of Cushman & Wakefield represented the landlord, San Francisco-based Drawbridge Realty, in the lease negotiations. Andy Carlson and Bob Wynn of Cushman & Wakefield represented the tenant.

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5-9-Union-Square-West-Manhattan
LoansNew YorkNortheastOffice

Newmark Places $24M Loan for Refinancing of Manhattan Office Building

by Taylor Williams

NEW YORK CITY — Newmark has placed a $24 million loan for the refinancing of 5-9 Union Square West, a 120,000-square-foot office building in Manhattan. The eight-story building, which was originally constructed in 1897 and formerly known as The Spingler Building, was fully leased at the time of the loan closing. Paul Talbot of Newmark placed the five-year, fixed-rate loan through Amalgamated Bank on behalf of the borrower, locally based owner-operator GFP Real Estate.

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ANOVA-Aggie-Square-Sacramento-CA
CaliforniaDevelopmentMultifamilyStudent HousingWestern

GMH, Wexford to Develop 252-Bed Student Housing Community Near UC Davis Sacramento Campus

by Amy Works

SACRAMENTO, CALIF. — A joint venture between GMH Communities and Wexford Science & Technology has announced plans for ANOVA Aggie Square, a 252-bed student housing community near the University of California, Davis campus in Sacramento. The community will be constructed during Phase I of Aggie Square, a larger mixed-use project that is set to include state-of-the-art research facilities and office space. ANOVA Aggie Square will offer micro-studio, studio, one-, two- and four-bedroom units for undergraduate and graduate students, as well as young professionals working in the technology, life sciences and healthcare industries. Shared amenities will include soundproof office pods, a micro-market with gourmet vending options, co-working spaces, conference rooms, a ride-share lounge and 24/7 concierge services. A timeline for the development was not announced. 

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Sunny-Rose-Glen-Menifee-CA
AcquisitionsCaliforniaMultifamilySeniors HousingWestern

SLIB Negotiates Sale of 55-Unit Sunny Rose Glen Seniors Housing Property in Menifee, California

by Amy Works

MENIFEE, CALIF. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Sunny Rose Glen, a 55-unit assisted living and memory care community in the Inland Empire city of Menifee. The community was built in 2010 and totals 30,000 square feet on a 1.8-acre plot. The seller was a single-asset owner looking to retire. The buyer was a California-based group looking to expand its portfolio in Southern California.  The new owner plans to operate the community itself following cosmetic improvements to the property. The price was not disclosed. Brad Goodsell, Jason Punzel, Vince Viverito and Jake Anderson of SLIB handled the transaction.

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DevelopmentMultifamilyNew JerseyNortheast

CrownPoint Group to Develop 125-Unit Multifamily Project in Randolph, New Jersey

by Taylor Williams

RANDOLPH, N.J. — Locally based developer CrownPoint Group has acquired a 14.5-acre site in the Northern New Jersey community of Randolph with plans to construct a 125-unit multifamily complex that will be known as Liberty Village. Liberty Village will consist of 11 buildings that will house a mix of two- and three-bedroom units, about 20 percent of which will be subject to income restrictions. Amenities will include a fitness center, golf simulator and a dog park. Construction is expected to begin during the third quarter of 2024.

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