Wednesday, November 11, 2026
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Atlas-Mesa-Apts-AZ
ArizonaLoansMultifamilyWestern

Dinerstein Cos., PCCP Receive $92.1M Refinancing for Multifamily Community in Mesa, Arizona

by Amy Works

MESA, ARIZ. — The Dinerstein Cos. and PCCP have received $92.1 million in refinancing for Atlas Mesa, a Class A garden-style apartment property located at 5818 E. Baseline Road in Mesa. JLL Capital Markets represented the borrowers in arranging the loan through QuadReal Property Group. Delivered in 2025, Atlas Mesa is a four-story property offering 394 studio, one-, two- and three-bedroom layouts with an average unit size of 991 square feet. Unit amenities include two-toned kitchen cabinets, quartz countertops, wood-style flooring, full-size washers/dryers, indoor air quality systems and stainless steel appliances in select units. Community amenities include an outdoor sky deck and landscaped courtyards, private and group coworking spaces, an indoor/outdoor fitness center, barbecue grills, a pool with a deck, spa and lounge seating, a resident social lounge with full kitchen and TVs, a dog park, pet spa and a bike storage and repair station. Brad Miner, Cameron Cureton, Drew Lydon, Justin Savoie, Andrew Pappas and Jack Kurschat of JLL secured the financing for the borrowers.

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Promenade-Casa-Grande-AZ
AcquisitionsArizonaRetailWestern

PREP Property Group Acquires 480,000 SF Promenade at Casa Grande Shopping Center in Arizona

by Amy Works

CASA GRANDE, ARIZ. — PREP Property Group has purchased Promenade at Casa Grande, a regional shopping center in Casa Grande, approximately 50 miles south of Phoenix. Terms of the acquisition were not released. Located at the northeast corner of I-10 and Florence Boulevard, Promenade at Casa Grande offers 480,000 square feet of retail space. Current tenants include Harkins Theatres, Ross Dress for Less, Marshalls, HomeGoods, Burlington, Michaels, Ashley Furniture, PetSmart, Five Below, Bath & Body Works, Shop Dept. Encore, Ulta Beauty and Dollar Tree.

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DevelopmentIndustrialLoansMidwestOhio

JLL Arranges $155M Construction Loan for Buckeye Yards Industrial Development in Columbus

by Kristin Harlow

COLUMBUS, OHIO — JLL Capital Markets has arranged a $155 million construction loan for Buckeye Yards, a four-building industrial development totaling 1.8 million square feet in Columbus. The project is being developed on a former rail yard site west of downtown Columbus. The first phase of the master-planned development will encompass 153 acres of logistics and distribution space. Danny Kaufman, Lucas Borges, Brian Walsh, Michael Gurwin and Emma Berner of JLL worked on behalf of the borrower, Xebec and its institutional capital partner, to secure a loan through Oxford Properties. Buckeye Yards is the redevelopment of a former Norfolk Southern rail yard into a large-scale logistics campus. Upon completion, the first phase will feature four buildings ranging from approximately 205,000 square feet to more than 910,000 square feet. The development will include both rear-load and cross-dock configurations, clear heights ranging from 36 to 40 feet, 349 dock doors, 1,180 automobile parking spaces and 477 trailer parking stalls. The property will benefit from a 10-year tax abatement structure.

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AcquisitionsHospitalityIllinoisMidwest

Hunter Advisors Brokers Sale of 262-Room Embassy Suites Hotel in Metro Chicago

by Kristin Harlow

LOMBARD, ILL. — Hunter Advisors has brokered the sale of the Embassy Suites by Hilton Chicago Lombard Oak Brook, a 262-room hotel in Lombard. Spencer Davidson and David Perrin of Hunter Advisors brokered the transaction. Endeavor Hotels acquired the asset. The 10-story, all-suite property was built in 1989 and is located at 707 E. Butterfield Road. Amenities include 5,875 square feet of meeting space anchored by the 2,016-square-foot Butterfield Ballroom, a complimentary breakfast and evening reception, Stacks Grilled Cheese & Bar, an indoor pool, a fitness center and business center.

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AcquisitionsMichiganMidwestMultifamilySeniors Housing

Marcus & Millichap Negotiates $26M Sale of Seniors Housing Community in Ann Arbor

by Kristin Harlow

ANN ARBOR, MICH. — Marcus & Millichap has negotiated the $26 million sale of Brookhaven Manor, a 134-bed independent living facility in Ann Arbor. Jim Knapp and Justin Knapp of Marcus & Millichap represented the seller and procured the institutional buyer. Constructed in 1988 on 6.7 acres near the University of Michigan and Michigan Health, Brookhaven Manor was renovated in 2015. The property features one- and two-bedroom units, 85 percent of which have been upgraded.

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DevelopmentIndustrialMidwestWisconsin

Briohn Building Corp. Breaks Ground on 112,500 SF Industrial Facility in Cudahy, Wisconsin

by Kristin Harlow

CUDAHY, WIS. — Briohn Building Corp. has broken ground on a 112,500-square-foot industrial facility for developer Twelve2 in Cudahy. The precast concrete building, located at 5030 S. Pennsylvania Ave., will feature 104,000 square feet of warehouse space along with office space and is planned to support around 60 jobs once operational. Frontera Worldwide, a logistics company based in Cudahy, has signed on as the building’s tenant. Completion is slated for spring 2027.

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DevelopmentFloridaIndustrialSoutheast

Creation, PCCP Begin Construction on 330,000 SF Industrial Park in East Tampa

by John Nelson

TAMPA, FLA. — A joint venture between Creation and PCCP has begun construction on 301 Exchange, a three-building, 330,000-square-foot industrial park located on Tampa’s east side. The 51-acre park will be situated at the intersection of U.S. Highway 301 and East Sligh Avenue, roughly two miles from I-4. 301 Exchange will comprise three rear-load buildings featuring 32-foot clear heights. The project team, including design-build firm LGE Design Build, plans to deliver the park by the end of 2027. The project represents the first development in Florida for Creation.

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DevelopmentMultifamilyNorth CarolinaSoutheast

Beacon, Eagle Realty Break Ground on 386-Unit Multifamily Development in Raleigh

by John Nelson

RALEIGH, N.C. — A joint venture between Beacon Partners and Eagle Realty Group has broken ground on Rowan, a 386-room multifamily development located at 301 E. Six Forks Road in Raleigh’s Midtown district. The 12-acre project will comprise 350 apartments and 36 three-story townhomes. Amenities will include a resort-style pool, fitness center, coworking space and a lounge at the top level. Beacon plans to deliver Rowan in early 2029. Bank of America provided an undisclosed amount of construction financing for the project. The design-build team includes LaBella (architect), Level5 Design (interior designer), Wooten (civil engineer) and HK Jordan (general contractor).

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DevelopmentHospitalityLoansSoutheastTennessee

Arriba Capital Arranges $47M Construction Loan for Moxy Hotel Project in Downtown Knoxville

by John Nelson

KNOXVILLE, TENN. — Arriba Capital has arranged a $47 million construction loan for a new 175-room Moxy by Marriott hotel in downtown Knoxville. Arriba Capital arranged the loan through an unnamed national lender on behalf of the borrower, Atlanta-based Vector Hospitality. The loan has a 77 percent loan-to-cost ratio, according to Arriba Capital. Located at 137 S. Central St., the seven-story hotel is slated to open in 2028 and offer three food-and-beverage options: The Getaway rooftop bar, Bar Moxy on the ground level and The Pop-Up Hub in the hotel’s breezeway.

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AcquisitionsIndustrialMarylandSoutheast

MacKenzie Commercial Brokers $11.5M Sale of Baltimore County Warehouse

by John Nelson

HALETHORPE, MD. — MacKenzie Commercial Services has brokered the $11.5 million sale of a 105,732-square-foot warehouse located at 4665 Hollins Ferry Road in Halethorpe, a suburb in Baltimore County. The buyer, VeryBest Wholesales, is relocating to the single-story warehouse from another location in Jessup, Md. Saver Automotive Products is the seller of the Halethorpe facility, which was delivered in 1972 and sits adjacent to I-895. Matthew Curran and Andrew Meeder of MacKenzie Commercial brokered the transaction.

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