Wednesday, August 5, 2026
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Affordable HousingLoansMidwestMinnesotaMultifamily

Colliers Mortgage Provides $18.3M HUD-Insured Loan for Rehabilitation of St. Paul Affordable Housing Property

by Kristin Harlow

ST. PAUL, MINN. — Colliers Mortgage has provided an $18.3 million HUD 221(d)(4) loan for the substantial rehabilitation of Sherman Forbes Housing in St. Paul. The Section 8 multifamily property features 104 one- and two-bedroom units. Amenities include onsite laundry, a playground, community patio and leasing office. In addition to the HUD-insured first mortgage, the project will utilize 4 percent Low Income Housing Tax Credits and tax-exempt bonds. Colliers Securities LLC, an affiliate of Colliers Mortgage, underwrote the bonds. The 40-year loan features a 40-year amortization schedule. Sherman Forbes Housing Partners LLC, an affiliate of Vitus Group LLC, was the borrower.

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AcquisitionsIllinoisMidwestMultifamily

Kiser Group Brokers $4M Sale of Multifamily Portfolio in Chicago

by Kristin Harlow

CHICAGO — Kiser Group has brokered the sale of a four-building, 53-unit multifamily portfolio in Chicago for $4 million. Situated in the city’s Chicago Lawn neighborhood, the portfolio features seven one-bedroom units, 34 two-bedroom units, 10 three-bedroom residences, one four-bedroom apartment and one five-bedroom unit. All are fully occupied. John George and Joe Bianchi of Kiser brokered the sale. Buyer and seller information was not provided.

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Leasing ActivityMichiganMidwestRetail

New 48,700 SF Ashley Furniture Store to Open in Shelby Township, Michigan

by Kristin Harlow

SHELBY TOWNSHIP, MICH. — The Dufresne Spencer Group LLC dba Ashley HomeStore has signed a lease for 48,700 square feet of retail space in Shelby Township, a northern suburb of Detroit. Dufresne Spencer Group is the largest Ashley Furniture licensee globally, owning and operating more than 163 Ashley retail stores, 29 distribution centers and three corporate offices. The Shelby Township store is slated to open in the fourth quarter. Brian Whitfield of Colliers Detroit represented the tenant in the lease.

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Autumn-Ranch-on-Swenson-Farrms
AcquisitionsMultifamilyTexas

Newmark Brokers Sale of 336-Unit Apartment Community in Pflugerville, Texas

by Taylor Williams

PFLUGERVILLE, TEXAS — Newmark has brokered the sale of Autumn Ranch on Swenson Farms, a 336-unit apartment community located in the northern Austin suburb of Pflugerville. Built on 16.9 acres in 2008, the property offers one-, two- and three-bedroom units with an average size of 1,041 square feet. Roughly 40 percent (133) of the units recently received light upgrades to flooring, interior paint, light fixtures, appliances and countertops. Amenities include a pool, fitness center, clubhouse, package lockers and a dog park. Patton Jones and Andrew Dickson of Newmark represented the seller, MIG Real Estate, in the transaction. Knightvest Capital purchased the asset for an undisclosed price. Autumn Ranch on Swenson Farms was 94 percent occupied at the time of sale.

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AcquisitionsRetailTexas

JLL Arranges Sale of Two Adjacent Shopping Centers Totaling 93,757 SF in Houston

by Taylor Williams

HOUSTON — JLL has arranged the sale of two adjacent shopping centers totaling 93,757 square feet in Houston. Sunridge Shopping Center and Westchase Plaza total 49,359 and 44,398 square feet, respectively, and are located at the northwest and southwest corners of Westpark Drive and South Gessner Road in the city’s Westchase district. Ryan West, John Indelli, Clay Anderson and Ryan Olive of JLL represented the seller, Houston-based Whitestone REIT, in the transaction. An entity controlled by Houston-based Bridgewell Property Management acquired both assets for an undisclosed price.

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Leasing ActivityRestaurantRetailTexas

Six Tenants Sign Leases at 90,000 SF West on West Development in Houston

by Taylor Williams

HOUSTON — Six tenants have signed leases at West on West, a 90,000-square-foot mixed-use development that is under construction in Houston. Tsujita Artisan Noodle will open a 2,814-square-foot restaurant at the property, and Paris Baguette has committed to 3,150 square feet. Korean dessert concept SomiSomi and boba chain The Alley have also leased 1,637 and 2,436 square feet, respectively. Additionally, Lady M will open a 2,793-square-foot bakery next spring, and Kaiten-sushi Ginza Onodera will debut a 3,976-square-foot restauraunt at the development in spring 2025. Heather Nguyen internally represented the landlord, NewQuest Properties, in the lease negotiations. Cobo Fajardo of NewQuest also represented the landlord in the leasing negotiations with Lady M. Rebecca Le of NewQuest represented The Alley, and Joe AmecAngelo of CBRE represented Paris Baguette.

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AcquisitionsRetailTexas

Headwall Investments Acquires 54,994 SF Shopping Center in Georgetown, Texas

by Taylor Williams

GEORGETOWN, TEXAS — San Antonio-based investment firm Headwall Investments has acquired The Market at Georgetown, a 54,994-square-foot shopping center located on the northern outskirts of Austin. The unanchored neighborhood center is home to tenants such as Pok-e-Jo’s Smokehouse, House of Gainz and Double Dave’s Pizzaworks. The seller and sales price were not disclosed.

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IndustrialLeasing ActivityTexas

Bradford Negotiates 18,445 SF Industrial Lease in Farmers Branch, Texas

by Taylor Williams

FARMERS BRANCH, TEXAS —Bradford Commercial Real Estate Services has negotiated an 18,445-square-foot industrial lease at Westwood Business Park in the northern Dallas metro of Farmers Branch. The development consists of 12 buildings totaling 227,905 square feet. Jason Finch of Bradford represented the landlord, Dallas-based Pegasus Real Estate, in the transaction. The representative of the tenant, Colt Facility Maintenance, was not disclosed. Westwood Business Park is now 95 percent leased.

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301-Bartlett-St.-Northborough-Massachusetts
AcquisitionsIndustrialMassachusettsNortheast

Colliers Brokers $79M Sale of Two Industrial Facilities in Northborough, Massachusetts

by Taylor Williams

NORTHBOROUGH, MASS. — Colliers has brokered the $79 million sale of two industrial facilities totaling 387,544 square feet in Northborough, located outside of Worcester in central Massachusetts. According to LoopNet Inc., the warehouse at 301 Bartlett St. was built in 2018 and totals 220,106 square feet, and the facility at 150 Hayes Memorial Drive was constructed in 2020 and spans 167,438 square feet. Frank Petz, Matthew Sherry and Jack Barrett of Colliers represented the seller, Boston-based TA Realty, in the transaction. The buyer was industrial investment firm LBA Realty.

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DevelopmentMultifamilyNew JerseyNortheast

Garden Communities Completes Lease-Up of 175-Unit Apartment Complex in Toms River, New Jersey

by Taylor Williams

TOMS RIVER, N.J. — New Jersey-based developer Garden Communities has completed the lease-up of Green Meadows at Pleasant Plains, a 175-unit apartment complex located in the coastal New Jersey community of Toms River. The property, which is now fully occupied,  offers a mix of two- and three-bedroom townhomes and one- and two-bedroom apartments. Select residences offer private balconies/patios. Amenities include a pool, fitness center, community room, playground and walking trails.

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