Property Type

Creation Breaks Ground on 700,000 SF Avondale Tech Center in Arizona

by Amy Works August 20, 2026

AVONDALE, ARIZ. — Local developer Creation, in partnership with a real estate fund advised by Crow Holdings Capital, has broken ground on Avondale Tech Center, a 700,000-square-foot Class A industrial campus on the western outskirts of Phoenix. LGE Design Build is serving as both architect and general contractor for the project, which is slated for completion in third-quarter 2027. Situated on 38 acres on the northwest corner of 117th Avenue Corporate Drive, Avondale Tech Center will feature three buildings ranging in size from 212,184 to 254,264 square feet. The buildings will offer 36-foot clear heights, seven-inch unreinforced slab floors, four EV chargers with eight charging stalls per building and fully gated entry. Riley Gilbert, John Lydon and Kelly Royle of JLL are handling leasing efforts for the development.

August 20, 2026

Acquisitions California Retail Western

Poole Properties Divests of Multi-Tenant Retail Property in Corona del Mar, California for $13.7M

by Amy Works August 20, 2026

CORONA DEL MAR, CALIF. — Poole Properties (formerly John Poole Radio Properties) has divested of a retail property at located at 2515 E. Coast Highway in Corona del Mar, part of the Newport Beach metro area. An entity doing business as Shops at CDM LLC acquired the property, which features 13,883 square feet of multi-tenant retail space, for $13.7 million. Nathan Holthouser of Coastal Commercial and Ron Duong of Marcus & Millichap handled the transaction.

August 20, 2026

Acquisitions Office Southeast Virginia

Finmarc Purchases Twin Office Towers in Northern Virginia for $77.5M

by John Nelson August 20, 2026

MCLEAN, VA. — Bethesda, Md.-based Finmarc Management Inc. has completed its $77.5 million purchase of Highline at Greensboro, an office campus in Northern Virginia’s Tysons Corner submarket comprising twin 10-story office buildings. The two properties are located at 8401 and 8405 Greensboro Drive in McLean and total approximately 460,000 square feet. The office campus was 70 percent leased at the time of sale to tenants including Mortgage One Solutions, TEGNA, ASC Ortho Management Co., The MIL Corp., Rappaport Management Co. and Body Contour Centers. Cliff Mendelson of Metropolis Capital Advisors arranged an undisclosed amount of acquisition financing for Finmarc. Paul Collins and Kevin Sidney of Cushman & Wakefield represented the seller, Los Angeles-based CIM Group, in the transaction. CIM Group recently completed a $16 million capital improvement program at Highline at Greensboro. Finmarc has tapped Josh Masi and Paige Barger of Cushman & Wakefield to handle the leasing assignment at the office campus.

August 20, 2026

Acquisitions Florida Office Southeast

Berkadia Arranges $62.3M Sale of Office Building in Miami’s Coconut Grove Neighborhood

by John Nelson August 20, 2026

MIAMI — Berkadia has arranged the $62.3 million sale of The Grove at 3250 Mary, a five-story, 80,000-square-foot office building located on a 1.3-acre site in Miami’s Coconut Grove neighborhood. An entity doing business as Mary Street 3250 LLC purchased the asset from Azora Private Solutions and Vizcaya Capital. Omar Morales and Jaret Turkell of Berkadia’s South Florida office represented the sellers in the transaction.

August 20, 2026

Alabama Development Hospitality Mixed-Use Southeast

IHG Opens 112-Room Hotel Indigo at $2.2B MidCity District in Huntsville

by John Nelson August 20, 2026

HUNTSVILLE, ALA. — IHG Hotels & Resorts has opened a new 112-room Hotel Indigo within MidCity District, a $2.2 billion mixed-use district in Huntsville by RCP Cos. Located at 940 Nunnuhsae Park Drive NW, the hotel features a lobby restaurant and bar called The Indie, a fitness center and 1,100 square feet of meeting and event space. The property is the only Hotel Indigo in Huntsville and the fourth in Alabama. Other elements of MidCity District include the Orion Amphitheater, Trader Joe’s, REI, Topgolf, Holiday Inn, multiple apartment communities and several chef-driven restaurants.

August 20, 2026

Acquisitions Florida Retail Southeast

Benderson Acquires Three Florida Retail Properties Totaling 400,000 SF

by John Nelson August 20, 2026

UNIVERSITY PARK, FLA. — Benderson Development has acquired three retail properties on the Gulf Coast side of Florida totaling 400,000 square feet. The first acquisition is Granada Plaza, a Publix-anchored retail center located in the Tampa suburb of Dunedin at the intersection of Main Street and Keene Road. The second acquisition is Venice Market Place, a shopping center located where Tamiami Trail meets Center Road in Venice. Benderson also purchased a retail building leased to Lowe’s Home Improvement at 10070 Estero Town Commons Place in Estero. The sellers and sales prices were not released. Benderson is based in University Park and has more than 4.5 million square feet of retail space in its development pipeline in Florida.

August 20, 2026

Development Indiana Midwest Multifamily Student Housing

Gilbane, Purdue Fort Wayne Open 600-Bed Student Housing Development in Indiana

by Kristin Harlow August 20, 2026

FORT WAYNE, IND. — Gilbane and Purdue University Ford Wayne (PFW) have opened Trace, a 600-bed student housing complex on PFW’s North Campus made possible through a public-private partnership. PFW is continuing its transition from a commuter campus by offering a more traditional residential community, addressing the need for more student housing, which has been at full capacity for seven consecutive fall semesters. Located near Ginsberg Hall, the four-story, 213,000-square-foot development includes 176 units spanning studio to four-bedroom accommodations. Nearly half of the beds are reserved for university-contracted students while the remaining will be available for other students, including those enrolled at other colleges and universities, who will lease the complex directly. Amenities at the property include a convenience store, fitness center, gaming room, study space, lounges, a reception area, leasing office and multipurpose spaces. Outdoor amenities include a hammock farm, sand volleyball court, basketball court, grilling areas, fire pits and green space. Gilbane served as developer and construction manager, AVB was the design-builder and Progressive AE was the architect. The complex will be owned by Strategic Facility Partners and operated by Inwood Management.

August 20, 2026

Illinois Leasing Activity Midwest Office

Adams Street Signs 46,000 SF Headquarters Lease in Chicago

by Kristin Harlow August 20, 2026

CHICAGO — Adams Street Partners LLC, a private markets investment management firm, has signed a long-term lease for roughly 46,000 square feet at 120 South Riverside Plaza, relocating its headquarters from One North Wacker in Chicago. The firm is expected to move into its new space in summer 2027. The new headquarters will span the entire 20th floor and a portion of the 21st floor. John Goodman, Eric Feinberg, Brandon Nasatir and Isabell Schwartz of Savills represented the tenant. Kelsey Scheive of CBRE in partnership with the Hines asset management team represented the landlord, La Caisse.

August 20, 2026

Acquisitions Indiana Midwest Retail

Marcus & Millichap Brokers $3.1M Sale of Dutch Bros-Occupied Retail Property in Indiana

by Kristin Harlow August 20, 2026

VALPARAISO, IND. — Marcus & Millichap has brokered the $3.1 million sale of a newly built retail property net leased to Dutch Bros in Valparaiso. The 2,495-square-foot building is located at 2510 Laporte Ave. as a Target outlot within Valparaiso Market Place. It operates under a new 15-year absolute triple-net lease and is corporately guaranteed by Boersma Bros LLC. The property is roughly one mile from the Valparaiso University campus. Austin Weisenbeck, Sean Sharko, Adrian Mendoza and Phoebe Klein of Marcus & Millichap, in association with Julia Evinger, the firm’s Indiana broker of record, represented the seller, a Midwest developer. The team secured an Indiana-based buyer. The transaction closed at more than 96 percent of the listing price.

August 20, 2026

Healthcare Market Reports Texas Texas Market Reports

How The No Surprises Act Created New Economics for Emergency Care Real Estate in Texas

by Taylor Williams August 20, 2026

By Sean Anderson, senior associate, Partners Real Estate When Congress passed the No Surprises Act (NSA) in December 2020, the goal was straightforward: protect patients from the exorbitant, unpredictable bills that had become synonymous with emergency care and rein in some of the pricing power that out-of-network physicians and freestanding facilities had come to enjoy. On paper, the law delivered. By requiring that out-of-network emergency treatment be billed at the same rate a patient would owe for in-network care, the NSA eliminated an estimated 10 million surprise bills in just the first nine months of 2023 and pushed down the overall cost of emergency room (ER) procedures across the board, according to the second annual report to Congress from the U.S. Department of Health and Human Services. For patients, it was an unambiguous win. For the physician groups and real estate operators that had built business models around emergency medicine, however, the law landed as a direct hit to the bottom line. Out-of-network reimbursements initially fell by roughly 40 percent, according to an FTI Consulting analysis of the provider side of the law, and bankruptcy filings for healthcare operators hit their highest level in five years, tripling from 2021 to …

August 20, 2026

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