BERKELEY, CALIF. — Northmarq has arranged $24 million in construction financing for the development of 2372 Ellsworth Street, a 166-bed student housing community located at the corner of Ellsworth Street and Channing Way near the University of California, Berkeley campus. Briana DeHaan and Brandy Buttram of Northmarq secured the financing on behalf of an undisclosed borrower. The community will offer 49 units upon completion. Further details on the project were not announced.
EASTVALE, CALIF. — CBRE has facilitated the $18.3 million sale of five retail properties at Eastvale Gateway South, a retail portfolio at 12464-12574 Limonite Ave. in Eastvale. Edward Matevosian, Cray Carlson and Jenny Eng of CBRE represented the seller in the transactions and also represented the multiple buyers. Situated on 5.4 acres and totaling 236,096 square feet, the transactions include:
PITTSBURGH — Wayfair will open a 95,000-square-foot store in Pittsburgh. The store, which will be located just outside the downtown area within the North Hills Village shopping center, will be the first in Pennsylvania for the Boston-based furniture provider. The store will feature an onsite design studio and consulting services for individual room furnishings or larger renovation projects. The opening is set for some time next year.
ROCKAWAY, N.J. — Resource Realty of Northern New Jersey (RRNJ) has negotiated the sale of a 53,252-square-foot industrial building in Rockaway. The building at 36 Pine St. includes two tailboard exterior dock doors and one drive-in bay. Greg Sabato and Scott Peck of RRNJ represented the buyer, Commerce Park Investors, in the transaction. The seller and sales price were not disclosed.
STRATFORD, CONN. — Construction Resources Co. has signed a 32,000-square-foot industrial lease in the southern coastal Connecticut city of Stratford. According to LoopNet Inc., the building at 500 Lordship Blvd. was built in 1985. David Richard of Colliers represented the landlord, an entity doing business as BHD CT Realty LLC, in the lease negotiations.
DETROIT — Jarbou Ronnisch Construction (JRC) has acquired an office building located at 1265 Griswold St. in Detroit’s Capitol Park from Bedrock. The company is expanding its Detroit presence and will occupy 6,000 square feet of the building’s fourth floor. JRC, which anticipates moving into the space in the second quarter of 2027, will invest between $3 and $4 million in capital improvements, including façade renovations and tenant build-outs. Current tenants include Gensler. The historic property totals 35,000 square feet and rises six stories. Constructed in 1897, the building was designed by the Detroit architectural firm Spier & Rohns. In 2013, Bedrock purchased the asset, which was renovated by Neumann Smith Architects. JRC’s sister company, Symmetry Management, will serve as property manager.
CHESTERFIELD, MO. — Timberland Partners has acquired ReNew Chesterfield, a 192-unit apartment community in the St. Louis suburb of Chesterfield. Timberland has renamed the property Linden Ridge. The transaction marks Timberland’s fourth multifamily acquisition this year and brings the company’s St. Louis portfolio to 3,346 units across 13 apartment communities. Built in 1984, Linden Ridge features one- and two-bedroom units along with recently upgraded amenities. Timberland plans to make additional investments in the property, including improvements to unit interiors. Linden Ridge is adjacent to Willowbend Apartments, another property owned and operated by Timberland.
CINCINNATI — The Cooper Commercial Investment Group has brokered the $7 million sale of Springdale Town Center in Cincinnati. Bob Havasi and Dan Cooper of Cooper Group represented the seller, an East Coast-based private investment group. A private New York-based group purchased the property at a cap rate of 7.3 percent and 99 percent of the list price. The property totals 43,071 square feet.
COLUMBUS, OHIO — MINISO LAND has opened at Easton Town Center in Columbus. MINISO is a global lifestyle retailer offering a selection of toys, plushies, collectibles, stationery, beauty essentials, home goods, fragrances, electronics and snacks. The new store is located inside the Easton Station Building. Expanding on the traditional MINISO store format, MINISO LAND offers a more immersive shopping experience with a greater emphasis on collectibles, character-driven merchandise and popular brand collaborations.
COLORADO SPRINGS, COLO. — University of Colorado Health (UCHealth) has broken ground on a $463 million expansion project at its Colorado Springs campus. The project will increase the size of the UCHealth Memorial Hospital North campus by more than 300,000 square feet, inclusive of a six-story inpatient tower, eight new operating rooms and an expanded emergency department. Approximately 45 percent of the new space will be built out for immediate use, while the remaining space will be shelled to accommodate future growth. In addition, the expansion will increase the hospital’s capacity from 140 beds to 190, initially adding 34 medical-surgical beds and 14 intensive care unit (ICU) beds. Lastly, the project includes the construction of a new parking garage with roughly 875 spaces for patients, visitors and staff, as well as renovations to the lobby, pharmacy, laboratory, kitchen and cafeteria of the main hospital building. Perkins & Will is the project architect, and JE Dunn is serving as the general contractor. Milwaukee-based investment and development firm Hammes is serving as UCHealth’s owner representative and project manager. A groundbreaking ceremony took place earlier in the month, and completion is slated for summer 2029. “Expanding an active hospital requires a careful balance …
