Thursday, April 16, 2026
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17753-78th-Ave-E-Puyallup-WA
AcquisitionsDevelopmentMultifamilyWashingtonWestern

Great Expectations SPC Acquires 102-Unit Multifamily Development Site in Puyallup, Washington

by Amy Works

PUYALLUP, WASH. — Great Expectations SPC has purchased Addison Grove, a multifamily development site at 17753 78th Ave. East in Puyallup. Terms of the transaction were not disclosed. Dylan Simon, JD Fuller and Elijah Piper of Kidder Mathews’ Simon | Anderson multifamily team represented the undisclosed seller and procured the buyer in the deal. Addison Grove is a shovel-ready opportunity planned for 102 apartments. The property’s location will serve the area’s employment base, which includes industrial and logistics tenants, healthcare facilities and proximity to Joint Base Lewis-McChord. Great Expectations is a social purpose corporation with a focus on delivering affordable housing targeted to families within the local community. Social purpose corporations are for-profit entities designed to pursue profit and specific social and environmental issues.

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DevelopmentMultifamilyNevadaSeniors HousingWestern

Kisco Senior Living Plans New Community in Las Vegas

by Amy Works

LAS VEGAS — Kisco Senior Living has announced plans to develop a new seniors housing property in Summerlin, a master-planned community located in Las Vegas. Upon completion, the property will feature independent living, assisted living and memory care units.  “Summerlin is one of the most compelling senior living markets in the country, and frankly, one of the most underserved when it comes to truly elevated options,” said Andy Kohlberg, president and CEO of Kisco Senior Living, in a statement. “We’re building something that reflects how today’s older adults want to live: beautifully designed spaces, exceptional food, genuine hospitality and the security of knowing care is available if and when they need it — all on a simple rental basis with no buy-in required.” Additional details will be disclosed as planning advances. 

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LoansMultifamilyNew YorkNortheast

DMT Provides $67.5M Bridge Loan for Refinancing of Upstate New York Multifamily Property

by Taylor Williams

SARATOGA SPRINGS, N.Y. — Dwight Mortgage Trust (DMT), the affiliate REIT of New York City-based Dwight Capital, has provided a $67.5 million bridge loan for the refinancing of Elements at Saratoga Lake, a 260-unit multifamily property in upstate New York. Completed in 2024, the property comprises 26 residential buildings that house 172 one-bedroom and 88 two-bedroom units, as well as a clubhouse building. Amenities include an indoor-outdoor pool, golf simulator, pickleball court and a fitness center with a yoga studio. David Scheer and Alex Izso of Dwight originated the debt on behalf of the borrower, Blue Iron Development.

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AcquisitionsIllinoisMidwestMultifamily

Marquette Cos. Acquires 236-Unit Apartment Community in Lake Bluff, Illinois

by Kristin Harlow

LAKE BLUFF, ILL. — Marquette Cos. has acquired Forest Pointe, a 236-unit apartment community in Lake Bluff within Chicago’s North Shore. Marquette Management will serve as property manager for the community at 29533 N. Waukegan Road. Forest Pointe features seven three-story buildings with a clubhouse and leasing center at the hub of the property. Marquette will undertake renovations to unit interiors to update finishes and appliances throughout, and the amenity offerings will be enhanced with a new grilling area, seating area with a fire pit and pergola, dog park and updates to the fitness center.

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AcquisitionsIllinoisIndustrialMidwest

Core Industrial Realty Arranges Sale of 120,000 SF Industrial Building in Metro Chicago

by Kristin Harlow

LOCKPORT, ILL. — Core Industrial Realty has arranged the sale of a 120,000-square-foot industrial building in Lockport. The single-tenant building is fully leased to a company in the specialty plastics industry. Constructed in 2000, the property features 8,000 square feet of office space, 11 exterior loading docks, ceiling heights of 26 and 30 feet, over 5,000 amps of power a heavy crane system throughout. Matthew Lee and Nick Krejci of Core represented the buyer, TradeLane Properties.

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KansasLeasing ActivityMidwestRetail

Block & Co. Completes Lease-Up of Mission West Shopping Center in Kansas

by Kristin Harlow

MISSION, KAN. — Block & Co. Inc. Realtors has completed the lease-up of Mission West Shopping Center in Mission. Recent deals with Atlas Autism Health, Levant Bakery and a golf simulation lounge completed the final phase of leasing at the property, which had more than 20,000 square feet of vacant space. Other tenants at the center include Planet Fitness, Dollar Tree, Rally House and Slim Chickens. The leasing team included Block & Co.’s Grant Summers, Paul Massali, Max Kosoglad and David Block.

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The-Eisenhower-Livingston-New-Jersey
LoansNew JerseyNortheastOffice

Eastman Cos. Recapitalizes 385,000 SF Office Complex in Livingston, New Jersey

by Taylor Williams

LIVINGSTON, N.J. — Locally based owner-operator Eastman Cos. has recapitalized The Eisenhower, a 385,000-square-foot office complex located in the Northern New Jersey community of Livingston. The recapitalization comprised $24.2 million in financing from Ladder Capital and approximately $14 million in additional equity. The Eisenhower sits on a 24-acre site and offers amenities such as a conference center with a 200-seat auditorium, a full-service cafeteria and a fitness center. David Bernhaut, John Alascio, Brad Domenico, Chuck Kohaut, Frank Stanislaski, Bill Baunach and Jack Subers of Cushman & Wakefield advised Eastman Cos. on the transaction.

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84-Marginal-Way-Portland-Maine
HealthcareLeasing ActivityMaineNortheast

InterMed Signs 102,557 SF Healthcare Lease Expansion, Extension in Portland, Maine

by Taylor Williams

PORTLAND, MAINE — Local healthcare provider InterMed has signed a 102,557-square-foot healthcare lease expansion and extension in Portland. The lease term is 16 years, and the space spans 10 stories at the building at 84 Marginal Way, at which Intermed is now the sole occupant. Katie Breggia and Tom Moulton of The Dunham Group represented InterMed in the lease negotiations. Davis, a healthcare real estate firm based in Minneapolis, owns the building.

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AcquisitionsCivicNortheastPennsylvaniaRetail

Colliers Arranges Sale of 14,000 SF Historic Building in Bethlehem, Pennsylvania

by Taylor Williams

BETHLEHEM, PA. — Colliers has arranged the sale of a 14,000-square-foot historic building located at 46-52 West Broad St. in the Lehigh Valley community of Bethlehem. The new owner, private investor Rocco Ayavoz, plans to reposition the building, which was originally constructed in 1925 for Lehigh Valley National Bank, into a retail, restaurant and entertainment destination. Derek Zerfass and Seth Lacey of Colliers brokered the sale.

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IndustrialMarket ReportsMidwestMidwest Market ReportsMinnesotaOfficeRetail

Different Opportunities: Minneapolis, St. Paul and the Suburbs

by Kristin Harlow

By Jesse Tollison, Transwestern When analyzing the Minneapolis-St. Paul (MSP) metro area, urbanicity plays a deep role in understanding the opportunities for making a significant impact and profit in the commercial real estate markets. This is not a story unique to Minnesota’s largest metropolitan area, where roughly half of the state’s inhabitants live, but MSP serves as an illuminating case study as to how widely opportunity can vary between urban and suburban markets.  Indeed, many areas across the country exhibit stark differences between their urban and suburban commercial real estate markets, but those differences cannot be uniformly applied to each metro. The qualitative and quantitative analysis of local minutiae lends tremendous insight when evaluating opportunities.  Developers, investors, tenants, brokers and every other player in the commercial real estate world are paying close attention to the diverging urban and suburban trends as they assess the market for opportunities. In such a fragmented market, decision-makers are using more data than ever to inform their strategies. High-level views aren’t enough to benchmark a property’s performance, and it’s important to understand the localized trends when evaluating an opportunity.  Industrial history As the historical industrial hub of Minnesota, the Twin Cities’ urban core has many …

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