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The-Marq-Manhattan
DevelopmentMultifamilyNew YorkNortheast

High Street Residential Tops Out 25-Story Apartment Building in Manhattan

by Taylor Williams

NEW YORK CITY — High Street Residential has topped out The Marq, a 25-story apartment building in Manhattan’s SoHo neighborhood. The Marq will offer 99 units, 25 of which will be reserved as affordable housing, as well as 2,072 square feet of retail space. Amenities will include a gym, sauna, meditation room, demonstration kitchen, coworking lounge and a rooftop terrace. Project partners include Marvel Architects, general contractor Leeding Builders Group and interior designer Chris Shao Studio. Completion is slated for late 2027.

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Affordable HousingDevelopmentMultifamilyNew JerseyNortheast

TCB Completes 53-Unit Affordable Housing Building in New Brunswick, New Jersey

by Taylor Williams

NEW BRUNSWICK, N.J. — The Community Builders (TCB) has completed Stirlingside Residences, a 53-unit affordable housing building in New Brunswick, located in Central New Jersey. Specific income restrictions were not announced, but the building includes six units for families and individuals who have previously experienced homelessness. A ribbon-cutting ceremony took place in late May.

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AcquisitionsIllinoisIndustrialMidwest

JLL Arranges Sale of 717,475 SF Industrial Portfolio in Chicago Market

by Kristin Harlow

CHICAGO — JLL Capital Markets has arranged the sale of a 10-property light industrial portfolio totaling 717,475 square feet in Chicago’s collar counties. The assets span five municipalities in Will, DuPage and Kane counties, offering immediate access to I-80, I-55, I-88 and I-90. The portfolio comprises second-generation facilities with an average clear height of 26 feet and a mix of single-tenant and multi-tenant configurations across 22 suites. Built in 2001 on average, the properties include a combined 78 dock doors and 23 drive-in doors complemented by 1,013 car parking spaces across 41.5 acres. There are six properties in Tinley Park, two in Mokena and single assets in Naperville, Elgin and Romeoville. Currently 83.7 percent leased to 19 tenants, the portfolio features a weighted average lease term of 3.8 years. The properties range in size from 23,600 to 237,241 square feet. Office finish percentages range from 9.4 to 24.5 percent. Kurt Sarbaugh, Ed Halaburt, Trent Agnew, Sean Devaney, Ross Bratcher and Cameron Chandra of JLL represented the seller, High Street Logistics Properties. The buyer was undisclosed.

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IllinoisIndustrialLeasing ActivityMidwest

CoreCentric Solutions Signs 286,622 SF Industrial Lease in West Chicago

by Kristin Harlow

WEST CHICAGO, ILL. — CoreCentric Solutions has signed a 286,622-square-foot industrial lease at 1717 Harvester Road in West Chicago. The long-term lease brings the 465,950-square-foot manufacturing facility to full occupancy. David Conroy, Mark Wilson, Jordan Kwiecinski and Daniel Cawley of Cawley Commercial Real Estate represented the landlord, Plymouth Industrial REIT. Mike Senner of Colliers represented the tenant. The leased property offers 4,000 amps of heavy power, 15,579 square feet of office space, 14 interior docks and one drive-in doors. The lease is scheduled to commence in October.

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AcquisitionsMidwestMultifamilyWisconsin

CBRE Negotiates $3.9M Sale of Riverwood Apartments in Mauston, Wisconsin

by Kristin Harlow

MAUSTON, WIS. — CBRE has negotiated the $3.9 million sale of Riverwood Apartments in Mauston, about 70 miles northwest of Madison. The 32-unit multifamily community was fully leased at the time of sale. The property consists of four buildings on 3.2 acres along the Lemonweir River. Built in 1994, Riverwood Apartments offers units ranging from 575 to 1,000 square feet. CBRE’s Sean Beuche, Max Colby, Matson Holbrook and Gretchen Richards represented the seller, Riverwood Apartments LLC. The buyer was Tripp & Associates.

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AcquisitionsIllinoisMidwestRetail

Boulder Group Brokers $3.8M Sale of Fifth Third Bank Ground Lease in Oswego, Illinois

by Kristin Harlow

OSWEGO, ILL. — The Boulder Group has brokered the $3.8 million sale of a single-tenant, ground-leased Fifth Third Bank property in Oswego. The 4,273-square-foot retail building is located at 2660 U.S. Highway 34. Randy Blankstein, Jimmy Goodman and John Feeney of Boulder Group represented the seller, a West Coast-based real estate firm. The buyer was a Chicago-based investment firm completing a 1031 exchange. The lease, which is structured as a ground lease with triple-net terms and zero landlord responsibilities, has approximately nine years of remaining term. Fifth Third Bank has continuously operated from this location since 2008 and signed a new 10-year lease extension in October 2025. The lease includes 10 percent rental escalations every five years. The tenant has four five-year renewal options remaining. Cincinnati-based Fifth Third Bank operates more than 1,100 full-service banking centers and over 2,000 ATMs across 11 states.

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Legends-Sparks-Marina-NV.jpg
AcquisitionsNevadaRestaurantRetailWestern

BIG Shopping Centers USA, Red Development Sell Mixed-Use Development in Northern Nevada for $103M

by Amy Works

SPARKS, NEV. — BIG Shopping Centers USA and Red Development have completed the sale of Legends at Sparks Marina, a 41-acre mixed-use development in northern Nevada, to Alturas Capital Partners for $103 million. Kyle Miller and Rob Ippolito of Newmark represented the seller in the deal. Located at 1310 Scheels Drive, Legends at Sparks Marina features 421,479 square feet that was 95.8 percent leased at the time of sale. Current tenants include Galaxy Theatres, Burlington, H&M, Nike, Sephora, Defy, Calendar’s and Yard House, which is currently under construction.

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Palm-Court-Apts-LA-CA
AcquisitionsCaliforniaLoansMultifamilyWestern

Walker & Dunlop Provides $33.2M Agency Acquisition Loan for Los Angeles Multifamily Community

by Amy Works

LOS ANGELES — Walker & Dunlop has provided a $33.2 million Freddie Mac acquisition loan for Palm Court Apartments in Los Angeles’ Miracle Mile neighborhood. Bryan Frazier, Blake Hockenbury, Steven Paskover, Sheri Blackburn and Dillon Hoffman of Walker & Dunlop Capital Markets Real Estate Financing secured the fixed-rate, full-term interest-only loan. Located at 740 S. Burnside Ave., Palm Court Apartments features 132 apartments within a four-story building. The property offers convenient access to downtown Los Angeles, Beverly Hills and the Wilshire Corridor.

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Edwards-Professional-Park-Scottsdale-AZ
AcquisitionsArizonaHealthcareLoansWestern

Cushman & Wakefield Arranges $19.9M in Acquisition Financing for Medical Office Buildings in Scottsdale

by Amy Works

SCOTTSDALE, ARIZ. — Cushman & Wakefield has arranged $19.9 million in acquisition financing for Edwards Professional Park I & II in Scottsdale. Tyler Morss of Cushman & Wakefield’s Healthcare Capital Markets team arranged the debt through an undisclosed regional bank on behalf of the borrower, Albany Road, a Boston-based private equity real estate investment firm. Located at 10752 N. 89th Place and 8952 E. Desert Cove Ave., Edwards Professional Park I & II features 91,469 square feet spread across two buildings. At the time of the loan closing, the buildings were 91 percent leased to 47 medical and healthcare-related tenants in fields such as dentistry, orthopedics, gastroenterology, dermatology, behavioral health, physical medicine, infusion therapy and aesthetic medicine practice.

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901-Webster-St-Alameda-CA
AcquisitionsCaliforniaRetailWestern

Marcus & Millichap Brokers $5M Sale of Single-Tenant Retail Property in Alameda, California

by Amy Works

ALAMEDA, CALIF. — Marcus & Millichap has brokered the $5 million sale of a single-tenant retail property located in the Bay Area city of Alameda. Peet’s Coffee & Tea occupies the 3,000-square-foot building on a 10-year lease with annual rent increases. Mark Mason of Marcus & Millichap procured the buyer, a California-based private corporate trust, in the transaction. Brandon Norton and David Lucas of Monarch Commercial Advisors represented the seller, a California-based private client.

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