Property Type

FRP Development Delivers 170,800 SF Industrial Project in Hamilton, New Jersey

by Taylor Williams September 28, 2026

HAMILTON, N.J. — FRP Development Corp., a subsidiary of FRP Holdings (NYSE: FRPH) has delivered Logistics Center at Hamilton, a 170,800-square-foot industrial project in Central New Jersey. The site spans 15 acres at the intersection of I-195 and Route 130, and the building features a clear height of 36 feet, 27 dock-high loading doors, two drive-in doors, 3,000 square feet of office space and parking for 185 cars and 27 trailers. FRP developed the project in a joint venture with global real estate manager DWS. KBC Advisors is the leasing agent.

September 28, 2026

Acquisitions California Multifamily Student Housing Western

LaSalle Acquires 482-Bed Student Housing Community Near San Jose State University

by Amy Works September 28, 2026

SAN JOSE, CALIF. — LaSalle Investment Management has acquired 27 North Apartments, a 482-bed student housing community located near the San Jose State University campus. The seven-story property offers 119 units in a mix of two-, three- and four-bedroom configurations. The community was fully occupied at the time of sale. The Dinerstein Cos. has been tapped to operate the property, which was built in 2016. The seller and terms of the transaction were not released.

September 28, 2026

Acquisitions California Industrial Office Retail Western

JLL Arranges Sale, Financing of 200,049 SF Shallow-Bay Business Park in Walnut, California

by Amy Works September 28, 2026

WALNUT, CALIF. — JLL Capital Markets has brokered the sale of Walnut Tech Business Center, a shallow-bay business park in Walnut. AEW sold the asset to CIP Real Estate II LLC for $60.6 million. Totaling 200,049 square feet, Walnut Tech Business Center features 11 buildings with 109 individual suites across industrial, flex office and retail designations that are 94 percent leased. Patrick Nally, Evan Moran, Chad Solomon, Shae Vomund and Lauren O’Neill of JLL represented the seller in the deal. Additionally, JLL’s Kevin Mackenzie, Peter Thompson, Kyle White and Colter Smith arranged $42.9 million in acquisition financing for the buyer.

September 28, 2026

Acquisitions California Multifamily Western

Keech Properties Buys Sunsweet Apartments in Silicon Valley for $45M

by Amy Works September 28, 2026

MORGAN HILL, CALIF. — Redwood City, Calif.-based Keech Properties has acquired Sunsweet Apartments in Morgan Hill, about 10 miles south of San Jose, for $45 million. Built in 2020, Sunsweet Apartments is situated on a 1.9-acre site. A resort-style pool, fitness center, clubhouse, electric vehicle charging stations and multiple outdoor gathering spaces complement the 87 studios, one- and two-bedroom units. The property also has roughly 8,000 square feet of ground-floor retail space. According to The Mercury News, the seller was Republic Urban Properties, a San Jose-based developer represented in the deal by Northmarq’s Anthony Pappageorge and Zach LeBeouf.

September 28, 2026

Colorado Development Multifamily Western

Grand Peak, Silverton Break Ground on 164-Unit Mixed-Income Community in Avon, Colorado

by Amy Works September 28, 2026

AVON, COLO. — Denver-based developer Grand Peak, in partnership with Silverton Holdings, a Braselton, Ga.-based developer specializing in hospitality projects, has broken ground on The Summit. The 164-unit community is situated in Avon, approximately 106 miles west of Denver and about 10 miles west of Vail. Civitas Capital Group provided an undisclosed sum of construction financing for the project, which will include 16 workforce housing units reserved for tenants earning no more than 100 percent of the area median income. Amenities will include a fitness center, game room, dedicated ski and gear storage, three hot tubs, outdoor courtyards and lounge areas, remote work office space and an underground heated parking garage. Completion is slated for 2029.

September 28, 2026

Acquisitions Illinois Industrial Midwest

Transwestern Investments Acquires 408,176 SF Industrial Facility in Chicago’s I-88 Corridor

by Kristin Harlow September 28, 2026

NORTH AURORA, ILL. — Transwestern Investments has acquired a 408,176-square-foot industrial facility in Chicago’s I-88 Corridor on behalf of a separate account. Built in 2023 and located in North Aurora, the fully leased property features a cross-dock configuration, a clear height of 36 feet, 55 dock doors, four drive-in doors and dedicated car and trailer parking. Located 1.7 miles from I-88, the property provides connectivity to I-355, I-294 and the Chicago O’Hare International Airport. Transwestern Services has been retained to provide property management services.

September 28, 2026

Development Hospitality Midwest Missouri Retail

Negro Leagues Baseball Museum, Grayson Capital Announce Construction Team for New Museum, Hotel in Kansas City

by Kristin Harlow September 28, 2026

KANSAS CITY, MO. — The Negro Leagues Baseball Museum and Grayson Capital have announced Russell Construction, in partnership with Vazquez Grayson, as the construction team for the new Negro Leagues Baseball Museum and The Pennant Hotel planned for Kansas City’s historic 18th & Vine District. The development involves a new 35,000-square-foot museum and 144-room hotel that will be a Marriott Tribute Portfolio property. Additional information regarding the project and construction schedule will be announced as the development advances. Reggie Jackson, National Baseball Hall of Famer who started his career with the Kansas City Athletics in 1967, is a partner on the project. He is serving as an equity partner and cultural ambassador for The Pennant Hotel. The Negro Leagues Baseball Museum is the world’s only museum dedicated to preserving and celebrating the history of African American baseball and its impact on the social advancement of America. Grayson Capital is a Kansas City-based real estate investment and development firm focused on hospitality, multifamily, healthcare and mixed-use projects.

September 28, 2026

Build-to-Rent Development Midwest Ohio Single-Family Rental

Onyx+East Opens 23-Unit Build-to-Rent Community in Columbus, Ohio

by Kristin Harlow September 28, 2026

COLUMBUS, OHIO — Onyx+East has opened Haven, a 23-unit build-to-rent community in the Upper Arlington area of Columbus. Five homes are available for immediate move-in, with an additional home expected this month. The four-bedroom units offer more than 2,000 square feet of living space. The first four renters are eligible for a “Founders Special,” receiving one month of free rent. Each Haven home features an attached two-car garage, private driveway, fenced backyard, outdoor patio and covered front porch. Professional lawn care and snow removal is included.

September 28, 2026

Development Illinois Midwest Retail

Fortec Converts Former Ambulance Facility into $5M Early Education Center in Metro Chicago

by Kristin Harlow September 28, 2026

VERNON HILLS, ILL. — Fortec has opened The Nest Schools-Vernon Hills. The $5 million project involved the acquisition and redevelopment of a former ambulance warehouse in Vernon Hills, a northern suburb of Chicago. The new early education center will serve up to 209 students and create 35 jobs in the Lake County community. Fortec acquired the property for $1.7 million in September 2025 and invested roughly $3 million in construction, along with $300,000 in closing and due diligence costs. The redevelopment involved a comprehensive interior reconfiguration designed specifically for childcare use. The school features 11 age-grouped classrooms, a new 11,834-square-foot outdoor playground featuring K-Play equipment and dedicated play surfaces for active learning and recreation. The project also included replacement of the building’s core systems, including new high-efficiency HVAC, electrical and irrigation systems, water-efficient plumbing and underground drainage upgrades. Safety enhancements involved a new fire alarm system and sprinkler system as well as upgraded access control security infrastructure. The project represents Fortec’s fourth collaboration with The Nest Schools, an early childhood education provider with more than 50 locations nationwide.

September 28, 2026

Company News Retail Top Stories

Brixmor, Everview Agree to Acquire Slate Grocery REIT for $2.3B, Including 115 Retail Properties

by Taylor Williams September 28, 2026

NEW YORK CITY — Two New York City-based firms, retail owner-operator Brixmor Property Group (NYSE: BRX) and Everview Partners, a private equity and investment management group, have entered into an agreement to acquire Toronto-based Slate Grocery REIT for approximately $2.3 billion. Under the terms of the transaction, Brixmor will acquire a portfolio of 23 grocery-anchored shopping centers totaling roughly 3 million square feet for $636 million. The newly formed joint venture between Brixmor and affiliates of Everview Partners will acquire Slate Grocery’s remaining 92 properties totaling approximately 12 million square feet for approximately $1.7 billion. The shopping center portfolio that comprises Brixmor’s lone ownership piece of the transaction is concentrated predominantly across Florida, Georgia and the Carolinas. Those properties currently have an aggregate occupancy rate of about 96 percent and are anchored by grocers such as Publix, Kroger and Harris Teeter. Brixmor will take full ownership of 22 of the centers and 50 percent ownership of a single center. Additionally, Brixmor has identified approximately $100 million of redevelopment and outparcel development opportunities within those centers, including several potential Publix redevelopment projects. Within the second component of the transaction, Brixmor will hold a 20 percent common equity interest and Everview will …

September 28, 2026

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