Property Type

NAI Hiffman Negotiates $2.6M Sale of Industrial Building in Wood Dale, Illinois

by Kristin Harlow October 7, 2025

WOOD DALE, ILL. — NAI Hiffman has negotiated the $2.6 million sale of a 20,541-square-foot industrial building at 344 Beinoris Drive in the Chicago suburb of Wood Dale. Joe Bronson and Paddy Dwyer of NAI Hiffman represented the buyer, a metal manufacturing company that bails, stores and distributes scrap metals nationwide. The buyer will nearly triple its previous footprint of about 7,000 square feet, also in Wood Dale. With heavy power infrastructure and outdoor storage capacity, the facility enables the manufacturer to expand processing and storage while maintaining its presence in the O’Hare submarket.

October 7, 2025

Arizona Development Hospitality Leasing Activity Mixed-Use Retail Top Stories Western

Partnership Announces Costco, Marriott Hotels Coming to $7B Halo Vista Development in Phoenix

by John Nelson October 7, 2025

PHOENIX — A partnership between Mack Real Estate Group and McCourt Partners has announced updates for the first phase of Halo Vista, the co-developers’ $7 billion, 2,300-acre mixed-use campus in northwest Phoenix. Halo Vista is set to surround TSMC Arizona, the $165 billion semiconductor fabrication campus. The co-developers, which are operating as an entity doing business as Mack Halo Vista LLC, announced that the project will include a new Costco store, two Marriott-branded hotels (a Courtyard by Marriott and a Residence Inn) and an auto mall (i.e. a cluster of car dealerships). Locally based firm Common Bond Development Group is developing the hotels after acquiring the land from Mack Halo Vista. “Today’s confirmation of the first phase of hospitality and retail users marks an important milestone for Halo Vista because it will enable our project to deliver much-needed services in support of the growing TSMC ecosystem, while we simultaneously continue to focus on horizontal infrastructure development that underpins the entire master plan,” says Chris Janson, president of Mack Halo Vista LLC. The new buildings will be situated at I-17 and Dove Valley Road. Infrastructure is in place and ready for development, according to the developers. Last year, the Arizona State …

October 7, 2025

Market Reports Multifamily Texas Texas Market Reports

Multifamily at a Crossroads: Why Now May Be the Time to Invest in Texas

by Taylor Williams October 7, 2025

By Mitch Faccio, senior vice president, MLG Capital Texas’ multifamily market is at a unique inflection point. After several years of historic levels of new construction and softening fundamentals, conditions are shifting in ways that may benefit current owners and new investors. Slowing development, sustained population growth and the widening affordability gap between renting and owning are creating conditions that seem to favor existing assets. A Market Reset After Record Construction Over the last several years, multifamily development surged in Texas. Dallas-Fort Worth, Houston, San Antonio and other metros all experienced a wave of new supply that outpaced demand. By 2023 and 2024, this boom in development had led to softer occupancies, higher concessions and flat or even declining rents. Net operating income (NOI) growth slowed as the market absorbed this record wave of deliveries, according to data from CoStar Group and RealPage. Now, that dynamic seems to be shifting. Construction costs have risen faster than achievable rents, making new developments financially difficult to justify, according to data from RealPage and the 2024 Turner Construction Index. In fact, multifamily starts in many Texas metros are down significantly from recent peaks. As a result, many planned projects have stalled, and the supply …

October 7, 2025

Development Multifamily Texas

Partnership Delivers 40-Story Apartment Tower Near Downtown Houston

by Taylor Williams October 6, 2025

HOUSTON — A partnership between locally based owner-operator Hanover Co., Dallas-based Rebees and Mitsui Fudosan America has delivered a 40-story apartment tower located about two miles west of downtown Houston. Hanover Buffalo Bayou is located within the 14-acre Autry Park mixed-use development along the western edge of the 160-acre Buffalo Bayou Park. The building consists of 317 units in one-, two- and three-bedroom formats with an average size of 1,276 square feet, as well as 5,000 square feet of retail space. Amenities include a landscaped courtyard with a pool, outdoor grilling and dining stations, a clubhouse with a demonstration kitchen, fitness center, cinema, business center and a game room. Rents start at approximately $2,600 per month for a one-bedroom apartment.

October 6, 2025

Affordable Housing Development Multifamily Texas

Dallas Housing Authority Secures $69M Bond Reservation to Renovate Two Affordable Communities

by Taylor Williams October 6, 2025

DALLAS — The Housing Authority of the City of Dallas (DHA) has secured a $69 million bond reservation for the renovation of Roseland Townhomes and Roseland Estates, two affordable housing communities in Central Dallas. The bond reservation represents an early piece of the capital stack that enables DHA to receive 4 percent Low-Income Housing Tax Credits (LIHTC). The renovation will include new kitchens, bathrooms, plumbing, flooring, appliances and fixtures in the properties’ 274 units. DHA will also upgrade the recreation center, building infrastructure, security and landscaping. Completion is slated for 2027.

October 6, 2025

Development Hospitality Texas

NewcrestImage Completes Renovation of 175-Room Elmore Hotel in Southlake, Texas

by Taylor Williams October 6, 2025

SOUTHLAKE, TEXAS — Locally based hospitality owner-operator NewCrestImage has completed the renovation of the 175-room Elmore Hotel in Southlake, located northeast of Fort Worth. The renovation of the four-story hotel, which originally opened in 2016, lasted about a year and carried a multimillion-dollar price tag. Amenities include a fitness center, outdoor pool, 5,000 square feet of meeting and event space and an onsite bar and restaurant. Coury Hospitality manages the property.

October 6, 2025

Acquisitions Industrial Texas

Versal Arranges Sale of 85-Unit RV, Boat Storage Facility in New Braunfels, Texas

by Taylor Williams October 6, 2025

NEW BRAUNFELS, TEXAS — Self-storage brokerage firm Versal has arranged the sale of the 85-unit McQueeney Boat & RV Storage facility in New Braunfels, located northeast of San Antonio. The facility spans 35,800 net rentable square feet. Bill Bellomy, Michael Johnson, Logan Foster and Hugh Horne of Versal represented the seller and procured the buyer in the transaction. Both parties were Texas-based entities.

October 6, 2025

Acquisitions Industrial Oklahoma Texas

TruCore Industrial Sells 70,000 SF Warehouse in Pryor, Oklahoma

by Taylor Williams October 6, 2025

PRYOR, OKLA. — TruCore Industrial, an Oklahoma-based investment firm founded by executives of net-lease brokerage group Stan Johnson Co., has sold a 70,000-square-foot warehouse in Pryor, located northeast of Tulsa. The building is situated on a 9.9-acre site within Mid-America Industrial Park and was fully leased at the time of sale to pipe and conduit manufacturer Endot Industries. The buyer and sales price were not disclosed.

October 6, 2025

Affordable Housing Development Massachusetts Multifamily Northeast

MassDevelopment Provides $37.6M in Bond Financing for Affordable Housing Conversion Project in Boston

by Taylor Williams October 6, 2025

BOSTON — MassDevelopment has provided $37.6 million in tax-exempt bond financing for an affordable housing conversion project in Boston. The project will convert the former Blessed Sacrament Church in the Jamaica Plain neighborhood, which was built in the early 1900s and served as an active parish until the early 2000s, into a 55-unit complex. The unit mix will consist of 17 studios, 25 one-bedroom residences and 13 two-bedroom apartments that will be reserved for households earning between 30 and 80 percent of the area median income. Six units will be specifically reserved for formerly homeless individuals. Construction is underway and is expected to be completed in early 2028. The developer is a partnership between an affiliate of Pennrose and the local nonprofit Hyde Square Task Force. Citizens Bank purchased the bond.

October 6, 2025

Acquisitions Affordable Housing Colorado Multifamily Western

Jonathan Rose Cos. Buys Colorado Affordable Housing Community for $56M, Extends Rent Restrictions

by Amy Works October 6, 2025

BOULDER, COLO. — New York City-based investment firm Jonathan Rose Cos. has acquired San Juan del Centro Apartments in Boulder from Related Cos. for $56 million. Jeff Irish and Jordan Skyles of Berkadia arranged the sale of the Section 8 and LIHTC property. Berkadia also provided an acquisition loan. Additionally, the capital stack included equity from the $660 million Rose Affordable Housing Preservation Fund VI. San Juan del Centro’s 150 units are reserved for families earning at or below 60 percent of the area median income. Jonathan Rose Cos. assumed the existing Section 8 Housing Assistance Payment contract, which was set to expire in 2026, and will extend the property’s affordability for an additional 20 years. The asset was originally built in 1971 and was most recently renovated in 2007. The unit mix consists of one- through four-bedroom floor plans. The new owner plans to complete additional renovations at the property, including upgrades to building systems and unit interiors, improvements to the community center and energy-efficiency enhancements aimed at achieving Enterprise Green Communities (EGC) certification. In addition to physical improvements, the firm will also be adding two full-time resident services coordinators. Winn Residential has taken over as property manager.

October 6, 2025

Newer Posts

Older Posts