Friday, May 1, 2026
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1200 Poydras St.
AcquisitionsLouisianaRetailSoutheast

SRSA Negotiates $7.2M Sale of Ground-Floor Retail Condominium in New Orleans

by Abby Cox

NEW ORLEANS — SRSA Real Estate has negotiated the $7.2 million sale of a ground-floor retail condominium at 1200 Poydras St. in New Orleans near the Caesars Superdome, home of the NFL’s New Orleans Saints. Chick-fil-A and Hurts Donut anchor the 17,270-square-foot space, with Juicy Seafood expected to open immediately. Steve Reisig and Christopher Robertson Jr. of SRSA Real Estate represented the seller, an entity doing business as Poydras Properties II LLC, in the transaction. The buyer requested anonymity.

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Campello-Apartments-Brockton-Massachusetts
Affordable HousingDevelopmentLoansMassachusettsMultifamilyNortheast

MassHousing Provides $50M in Financing for Affordable Housing Redevelopment in Brockton, Massachusetts

by Taylor Williams

BROCKTON, MASS. — MassHousing has provided $50 million in financing for an affordable housing redevelopment project in Brockton, a southern suburb of Boston. The financing consists of $28.2 million in permanent debt, $20.7 million in tax credit bridge financing and $1 million in Capital Magnet Fund financing. Santander Bank is financing construction. The property in question is Campello Apartments, a distressed public housing project that was originally built in 1972, and the redevelopment will involve the demolition of a single-story building and two existing Campello high-rise buildings totaling 398 units. The first of the project’s three planned phases will feature a seven-story building with 144 units that will be reserved for households earning between 30 and 60 percent of the area median income. Amenities will include a main lounge on the ground floor, as well as laundry, fitness and social gathering spaces. The Brockton Housing Authority and Cambridge Housing Authority are leading the redevelopment, with BWA Architecture handling design and Shawmut Construction serving as the general contractor. An expected completion date was not announced.

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The-Grove-at-Piscataway
AcquisitionsMultifamilyNew JerseyNortheast

Landmark Cos. Acquires Northern New Jersey Apartment Complex for $35M

by Taylor Williams

PISCATAWAY, N.J. — Landmark Cos. has acquired The Grove at Piscataway, a 110-unit apartment complex in Northern New Jersey, for $35 million. Built in 2020, the property consists of three residential buildings that house one- and two-bedroom units with an average size of 978 square feet, as well as a clubhouse building. Twenty percent (22) of the units are subject to income restrictions. Other amenities include a pool, outdoor grilling and dining stations, a fitness center, social lounge with billiards and coworking space. Mike Oliver, Jose Cruz, Steve Simonelli, Elizabeth DeVesty, Ryan Robertson and Austin Pierce of JLL represented Landmark in the transaction. The seller was not disclosed.

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IndustrialLoansNew YorkNortheast

Cushman & Wakefield Arranges $28.2M Acquisition Loan for Industrial Portfolio in Mamaroneck, New York

by Taylor Williams

MAMARONECK, N.Y. — Cushman & Wakefield has arranged a $28.2 million acquisition loan for a portfolio of six small-bay industrial buildings in Mamaroneck, located north of New York City in Westchester County. The square footage of the portfolio was not disclosed. John Alascio, T.J. Sullivan and Mitch Rothstein of Cushman & Wakefield originated the floating-rate loan through Sound Point Capital Management. The borrower was also not disclosed.

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HealthcareLeasing ActivityMassachusettsNortheast

Grossman Cos. Buys 119,500 SF Healthcare Building in Westwood, Massachusetts

by Taylor Williams

WESTWOOD, MASS. — Locally based investment firm The Grossman Cos. has purchased a 119,500-square-foot healthcare building in Westwood, located southwest of Boston. The building at 80 Wilson Way is fully leased to Beth Israel Lahey Health Inc. Grossman has appointed local brokerage and advisory firm KeyPoint Partners to manage the building. The seller and sales price were not disclosed.

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DevelopmentHospitalityMidwestMissouri

Midas Hospitality Begins $81M Renovation of Historic Edison Brothers Building in St. Louis

by Kristin Harlow

ST. LOUIS — Midas Hospitality has begun an $81 million revitalization of the historic Edison Brothers Building in downtown St. Louis. The project includes updates to the hotel and public spaces, new street-level amenities and the restoration of the building’s mural. The property is planned to reopen in fall 2027 as the Sheraton St. Louis Downtown. Located at 400 S. 14th St., the nearly 950,000-square-foot building was repurposed more than 20 years ago and has since included 72 condominiums and a 270-room hotel. Midas’ plans call for 284 fully updated hotel rooms, expansive meeting and event space on the building’s top floor and a rooftop outdoor deck serving both guests and event participants. Central to the project is the restoration of the building’s trompe l’oeil mural, originally painted in 1984 by artist Richard Haas. Midas has retained Haas to restore the artwork. Financing partners include Acres Capital, The Bank of Missouri and Peachtree Group. Historic tax credit partners include Historic Equity Inc. and Commerce Bank. The project also received support from the City of St. Louis and the condominium association, Breckenridge 1400 Condominium Association. The design and construction team includes MBG (general contractor), Gray Design Group (architect), Avenir Group (interior …

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DevelopmentIllinoisLoansMidwestRetail

Associated Bank Provides $22.6M Loan for Redevelopment of Former Grocery Store in Metro Chicago

by Kristin Harlow

BUFFALO GROVE, ILL. — Associated Bank has provided a $22.6 million loan to Shorewood Development Group for the acquisition and redevelopment of a vacant, 66,083-square-foot former grocery store at 1160 W. Lake Cook Road in Buffalo Grove. The sale also included an outlot site. Named Chase Plaza, the project will feature a two-tenant, grocery-anchored retail building occupied by Sprouts Farmers Market and Club Studio fitness center. The space had been vacant for years. The project marks the first Club Studio location in the northwest Chicago suburbs. Daniel Barrins of Associated Bank managed the loan arrangements and closing.

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DevelopmentKansasMidwestMultifamily

AU Construction Breaks Ground on 10 Union Lofts in Eudora, Kansas

by Kristin Harlow

EUDORA, KAN. — AU Construction has broken ground on 10 Union Lofts, a new 96-unit multifamily development in Eudora, a city in eastern Kansas. Developed by Alcove Development, the property will be situated along the K-10 corridor between Lawrence and metro Kansas City. Plans call for a mix of one-, two- and three-bedroom units. Leasing is anticipated to begin in 2027. Cornerstone Property Management will manage the community. Rosemann & Associates is the architect.

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AcquisitionsMidwestOhioRetail

Prudent Growth Buys 20,520 SF Retail Center in Metro Cincinnati for $3.3M

by Kristin Harlow

BATAVIA, OHIO — Prudent Growth Partners LLC, a private equity real estate firm based in Chapel Hill, N.C., has purchased Eastgate Shopping Center in Batavia near Cincinnati for $3.3 million. The neighborhood retail center totals 20,520 square feet and is situated along Old State Route 74 with direct access to State Route 32. The property is currently 94 percent leased and features a mix of service, medical and necessity-based tenants, including State Farm, Farmers Insurance, Merry Maids and Avis/Budget.  

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STRAT_Hotel
AcquisitionsArizonaHospitalityNevadaTop StoriesWestern

VICI Properties Completes $1.2B Sale-Leaseback of Seven Casino Properties

by Abby Cox

NEW YORK — VICI Properties Inc. (NYSE: VICI), a REIT specializing in owning and operating gaming, hospitality and entertainment developments, has completed  a $1.2 billion sale-leaseback of seven casino properties from Golden Entertainment Inc. (Nasdaq: GDEN). Under the terms of the deal, which was previously announced in November, Golden will be taken private by chairman and CEO Blake Sartini. In addition, Golden Entertainment shareholders have received approximately 24.3 million shares of newly issued VICI stock in exchange for the outstanding shares of Golden Entertainment stock. VICI will also assume and repay up to $426 million of Golden Entertainment’s outstanding debt using a combination of cash and net proceeds from the transaction.  iGaming Business, a business-to-business trade publication and news website for the online gambling and betting industry, reported that VICI acquired the following properties: In total, the properties include 6,000 hotel rooms, 4,306 slot machines and 78 gaming tables, according to iGaming Business. “This transaction reflects the strategic direction Golden Entertainment has been building toward — a sharper focus on our core Nevada casino and tavern operations and becoming a private company,” says Blake L. Sartini, chairman and CEO of Golden Entertainment. “We’ve long respected VICI’s approach, and this partnership …

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