Wednesday, August 26, 2026
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903-Quimisa-Dr-Simi-Valley-CA
CaliforniaDevelopmentIndustrialWestern

Hanover Co., Crow Holdings Capital Underway on 200,000 SF Industrial Project in Simi Valley, California

by Amy Works

SIMI VALLEY, CALIF. — Hanover Co., in partnership with Crow Holdings Capital, is underway on construction of an industrial project on a 13-acre site at 903 Quimisa Drive in Simi Valley, located in southeastern California. The 200,000-square-foot building will feature 36-foot clear heights, an 8.5-inch slab, skylights, “ample” employee parking and proximity to California State Route 118. The project team includes Rasmussen as architect and M3 Civil as civil engineer. Deal partners include Chad Solomon of JLL and David Young of NAI Capital. Construction commenced in July with completion slated for summer 2027.

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Leasing ActivityOfficeTexas

Mitsubishi Corp. Signs 91,761 SF Office Lease in Downtown Houston

by Taylor Williams

HOUSTON — Mitsubishi Corp. (Americas) has signed a 91,761-square-foot office lease in downtown Houston. The space spans floors 31 through 34 at 1100 Louisiana, a 55-story, 1.3 million-square-foot building that was developed in the early 1980s. Winfield Haggard Jr. and Diana Bridger of Partners Real Estate represented the local landlord, Hines, in the lease negotiations. Tim Relyea of Cushman & Wakefield represented Mitsubishi Corp.

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Dutch-House-Queens
LoansMultifamilyNew YorkNortheast

Slate Property Group Receives $86.2M Loan for Refinancing of Queens Apartment Complex

by Taylor Williams

NEW YORK CITY — Locally based developer Slate Property Group has received an $86.2 million loan for the refinancing of Dutch House, a 186-unit apartment complex located in the Long Island City area of Queens. Designed by Aufgang Architects and completed in 2022, Dutch House features studio, one- and two-bedroom units and 21,000 square feet of ground-floor retail space. Roughly 30 percent (56) of the apartments are earmarked as affordable housing. Amenities include a lobby with concierge service, fitness center, recreation room with a pool table and a rooftop terrace. Aaron Appel, Jonathan Schwartz, Dustin Stolly, Keith Kurland, Adam Schwartz and Sean Bastian of Walker & Dunlop arranged the loan through Ares Capital Management on behalf of Slate, which owns the property in partnership with Avenue Realty Capital. The loan retires 2023 debt issued by Los Angeles-based PCCP.

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LoansNortheastPennsylvaniaRetail

JLL Arranges $73.5M Loan for Refinancing of Retail Power Center in McCandless, Pennsylvania

by Taylor Williams

MCCANDLESS, PA. — JLL has arranged a $73.5 million loan for the refinancing of a 387,771-square-foot retail power center in McCandless, a northern suburb of Pittsburgh. McCandless Crossing was 99 percent leased at the time of the loan closing, with Lowe’s Home Improvement, T.J. Maxx, Trader Joe’s, HomeGoods and Sierra Trading serving as the anchor tenants. The overall tenant roster has a weighted average remaining lease term of 5.7 years. Nick Unkovic, Claudia Steeb and Zachary Barone of JLL arranged the five-year, fixed-rate loan through Nationwide on behalf of the owner, AdVenture Champion Partners.

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DevelopmentNew YorkNortheastOffice

George Comfort & Sons Underway on Renovation of 350,000 SF Office Building in Lower Manhattan

by Taylor Williams

NEW YORK CITY — Local owner-operator George Comfort & Sons is underway on the renovation of 44 Wall Street, a 350,000-square-foot office building in Lower Manhattan’s Financial District. Designed by Gensler, the project will feature a reimagined lobby and a new, 13,000-square-foot tenant amenity center with conference facilities and a café, as well as elevated retail space. Renovations are expected to be complete before the end of the year. George Comfort & Sons owns the 24-story building, which was originally constructed in 1927, in partnership with Gaedeke Group.

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KansasLoansMidwestMultifamilySeniors Housing

Partnership Receives $66.9M Loan for Refinancing of Active Adult Community in Fairway, Kansas

by Kristin Harlow

FAIRWAY, KAN. — A partnership between EPC Real Estate Group and Platform Ventures has received a $66.9 million loan for the refinancing for The Fieldston, an active adult community located in Fairway, approximately 10 miles southwest of Kansas City. Completed in 2025, the property is situated on 4.6 acres and totals 209 units. Amenities at the community include a swimming pool, sun deck, pub, golf simulator, spa, coworking spaces, outdoor kitchen, outdoor lounge, putting green, exercise studio, yoga studio, pet parlor and community garden. Mark Erland, Kevin Baron and Ellie Savage of JLL arranged the financing on behalf of the borrower. The direct lender was not disclosed.

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AcquisitionsHospitalityMidwestOhio

Laurel Real Estate Brokers Sale of 60-Room Hampton Inn Hotel in Sunbury, Ohio

by Kristin Harlow

SUNBURY, OHIO — Laurel Real Estate Co. has brokered the sale of the 60-room Hampton Inn Columbus I-71 North hotel in Sunbury. Laurel represented the undisclosed seller. A private investor group acquired the hotel. The acquisition included several equity partners and an SBA 504 financing structure involving a conventional first-mortgage lender, LCNB National Bank, and a certified development company, Alloy Development Co. The SBA 504 loan program generally combines a first mortgage from a conventional lender with a second-lien loan facilitated by an SBA-certified development company, according to Laurel. The structure supports qualified small businesses making long-term investments in owner-occupied real estate and other major fixed assets. Katie Vivian of Largo Capital arranged the financing. Fusion Hotels, the buyer-affiliated hotel management platform led by Amul Patel, plans to assume management of the hotel. Fusion’s portfolio consists of 15 hotels across Ohio, Indiana and Kentucky.

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AcquisitionsMultifamilyNew JerseyNortheast

Kislak Negotiates $6.1M Sale of Apartment Building in Lodi, New Jersey

by Taylor Williams

LODI, N.J. — Locally based brokerage firm The Kislak Co. Inc. has negotiated the $6.1 million sale of River View, a 28-unit apartment building located at 60 S. Main St. in the Northern New Jersey community of Lodi. According to Apartments.com, the building offers one- and two-bedroom units. Andrew Scheinerman of Kislak represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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AcquisitionsMidwestMissouriMultifamily

Marcus & Millichap Arranges Sale of 31-Unit Multifamily Property in Grain Valley, Missouri

by Kristin Harlow

GRAIN VALLEY, MO. — Marcus & Millichap has arranged the sale of Creekside Village, a 31-unit multifamily property in Grain Valley near Kansas City. Jacob Carroll and Aaron Kuroiwa of Marcus & Millichap represented the seller, Creekside SPE – Apartments LLC, and procured the buyer, a Kansas City-based investor. Built in 2007, the property features one- and two-bedroom units totaling 28,055 rentable square feet.

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AcquisitionsIllinoisMidwestRetail

SVN Chicago Commercial Negotiates $1.5M Sale of Retail Center in Chicago’s North Center

by Kristin Harlow

CHICAGO — SVN Chicago Commercial has negotiated the $1.5 million sale of a 6,000-square-foot retail property located at 3832 N. Lincoln Ave. in Chicago’s North Center neighborhood. Tim Rasmussen and Marcus Sullivan of SVN represented the seller. The two-story property sold for 8 percent above asking price.

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