COLUMBUS, OHIO — Trident Capital Group and O’Connor Capital Partners have closed a joint venture with Clarion Partners for the third phase of Rickenbacker Industrial Center in Columbus. The 959,579-square-foot speculative industrial facility will be located at 1669 Rohr Road. Construction has begun, and completion is slated for the first quarter of 2027. Situated on 57.3 acres, the project will feature a clear height of 40 feet, 104 dock doors, 238 trailer stalls and 336 car parking spaces. The project sits within a designated Qualified Opportunity Zone and carries a 15-year, 75 percent property tax abatement. Located within the broader Rickenbacker industrial corridor, the building will offer direct rail access alongside proximity to Rickenbacker International Airport, the Norfolk Southern Rickenbacker Intermodal Terminal and I-270. Dan Wendorf, Brian Marsh and Joseph Davis of JLL are marketing the building for lease.
BURNSVILLE, MINN. — JLL Capital Markets has arranged the sale of Twelve 501 Apartments, a 336-unit multifamily community in the Twin Cities suburb of Burnsville. Built in 1986 and extensively renovated beginning in 2017, the property features large layouts and a variety of amenities. The four-story asset is situated on 14.6 acres overlooking Birnamwood Golf Course. Josh Talberg, Joseph Peris and Eli Smith of JLL represented the seller, FPA Multifamily, and procured the buyer, Osso Capital. The deal marks Osso’s first investment in Minnesota.
FOREST PARK, ILL. — Newmark has negotiated a long-term, full-building industrial lease totaling 150,316 square feet at 7801 Industrial Drive in Forest Park on behalf of Dynamic Manufacturing. Corey Chase of Newmark represented the tenant. First Industrial Realty Trust Inc. is the landlord. Dynamic Manufacturing will use the facility for warehousing, electrification and manufacturing operations. Full operations are expected to commence in February 2027. Located on 5 acres, the property features 4,509 square feet of office space, a clear height of 24 feet, six interior loading docks, one drive-in door and parking for 120 vehicles. The fully air-conditioned warehouse and planned installation of a new ESFR sprinkler system were key factors in the tenant’s decision to lease the property, according to Newmark.
OLIVETTE, MO. — Texas Roadhouse will open at Olive Crossing in the St. Louis suburb of Olivette. Keeley Properties and KEAT Properties are developing Olive Crossing, a mixed-use project spanning 14.8 acres that is currently home to The Clover luxury apartments and a retail lineup including Aldi, Paris Baguette, Tropical Smoothie Café, Verizon and The Brass Tap. Construction details and the anticipated opening timeline for Texas Roadhouse will be announced as they become available.
GILBERT, ARIZ. — Grocer Safeway has opened a 64,000-square-foot store at The Gilmore, a 35-acre mixed-use development by Thompson Thrift that is located in the Phoenix suburb of Gilbert. Safeway will anchor the $225 million project, which is set to feature 300 luxury apartments, a hotel and roughly 200,000 square feet of boutique shopping, dining and public gathering spaces. Additional retail and restaurant tenants will include Better Buzz Coffee, Handel’s Ice Cream, Jersey Mike’s, Nook Kitchen, Over Easy, EDO Japan, Rebel Wine Lounge, Phantom Fox Brewery, Outcast Doughnuts, Level 1 Arcade Bar, Sweathouz and Honey Go Nails. Retail spaces at The Gilmore are expected to begin opening in late 2026, while residential move-ins and the overall project rollout will stretch into early 2027.
JERSEY CITY, N.J. — A partnership between LanTree Developments, Altree Developments Inc., Lanterra Developments Inc. and Westdale Properties, has begun leasing West Side Square, a 477-unit apartment community in Jersey City. West Side Square houses 203 studios, 232 one-bedroom units, 29 two-bedroom apartments and 10 three-bedroom residences, as well as 9,841 square feet of retail space. Residences are furnished with vinyl plank flooring, quartz countertops, stainless steel appliances, modern cabinetry, subway tile backsplashes, in-unit full-size washers and dryers, and walk-in closets. Select units offer private terraces. Amenities include an outdoor deck with a pool and grilling stations, fitness center, coworking space, a community room and a dog run. Bravo Property Trust financed construction of the project, which began in late 2023.
NATICK, MASS. — Locally based brokerage firm ABG Commercial Realty has negotiated the $7 million sale of a 24,448-square-foot office and retail building in the western Boston suburb of Natick. According to LoopNet Inc., the building at 801 Worcester St. was completed in 1985. Bernard Gibbons of ABG Commercial represented the buyer, Empire Management, in the transaction. JLL represented the seller, Cognex, a locally based manufacturer of machine vision systems, software and industrial barcode readers.
HUNTINGTON STATION, N.Y. — Silver Arch Capital Partners, a New Jersey-based private lender, has provided $5.6 million in financing for a 16-unit apartment building in Huntington Station, located on Long Island. The building, the address of which was not disclosed, also includes two ground-floor retail spaces. The borrower is an entity doing business as BGNYAVE LLC.
NEW YORK CITY — Baker McKenzie has signed an office lease renewal and expansion in Midtown Manhattan. The law firm now occupies 121,833 square feet across more than seven floors at 10 Bryant, a 30-story building located at 452 Fifth Ave. Paul Glickman, Ben Bass and Kate Roush of JLL represented the landlord, Property & Building Corp. Ltd., in the lease negotiations. David Goldstein and John Mambrino of Savills represented the tenant.
If you’ve been watching the Charlotte multifamily market for the past 24 months, you’ve probably felt a little whiplash. We delivered a historic wave of new supply, somewhere north of 32,500 units across 2024 and 2025 combined, and a lot of the headlines focused on the same thing: concessions, occupancy pressure and softening rents. Fair. That was the reality on the ground for most operators. But if you look closely at what’s happening right now, a different story is starting to take shape, and it’s one we think may not be getting enough attention. The trend our team is watching most closely heading deeper into 2026: absorption is holding up remarkably well against an elevated supply picture. In fact, we’re starting to see positive rent growth re-emerge on select deals, particularly in well-located submarkets where the construction pipeline has tapered. While this isn’t a market-wide victory lap yet, the green shoots are real, and they’re showing up exactly where you’d expect them to. The data is telling us that Charlotte multifamily rents rose modestly in the first quarter of 2026 as construction starts slowed, with completion totals in 2026 expected to trail levels recorded in 2025 by 26 percent. That’s …