Property Type

Del-Valle-High-School

DEL VALLE, TEXAS —General contractor American Constructors has broken ground on a 473,338-square-foot academic project for the Independent School District of Del Valle, located just south of Austin. The site is located within the $2 billion Whisper Valley master-planned community. The project is a new high school campus that will expand career and technical education programs and facilities for students pursuing careers in robotics, technology and manufacturing. In addition to a main academic building, the project team will also deliver a field house, concession stand and baseball/softball facilities. Pfluger Architects is designing the project, completion of which is slated for August 2027.

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MISSION, TEXAS — California-based brokerage firm Faris Lee Investments has negotiated the $16.6 million sale of Mission Gateway, a retail property located in the Rio Grande Valley. Tenants at the property include Burlington and Murdoch’s. A Texas-based developer sold Mission Gateway to a REIT, with both parties requesting anonymity. Don MacLellan, Jeff Conover and Scott DeYoung of Faris Lee brokered the all-cash deal.

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HOUSTON — Colliers has brokered the sale of a 182,506-square-foot office building located at 11200 Westheimer Road in the Westchase area of West Houston. According to LoopNet Inc., the 10-story building was originally constructed in 1982. James Kadlick, Chris Hutcheson and Harrison Kane of Colliers represented the buyer, an entity doing business as Texas Jewelry District LP, in the transaction. The seller and sales price were not disclosed.

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The-Press-Wilmington

WILMINGTON, DEL. — Regional developer Buccini Pollin Group has completed The Press, a 243-unit multifamily project in Wilmington. Designed by Perkins Eastman, the 14-story building gets its name from the site formerly serving as the headquarters of the The News Journal. Units come in studio, one- and two-bedroom floor plans and are furnished with quartz countertops, stainless steel appliances and in-unit washers and dryers. Amenities include a pool, dog run, grilling areas and a landscaped pocket park. Rents start at $1,600 per month for a studio apartment.

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FRAMINGHAM, MASS. — Regional brokerage firm Atlantic Capital Partners has arranged the $32.6 million sale of a retail building located in the western Boston suburb of Framingham. The building sits on a 9.5-acre site and is ground-leased to Lowe’s Home Improvement. Justin Smith, Chris Peterson, Sam Koonce, Danielle Turpin and Matt Ericson of Atlantic Capital Partners represented the seller and procured the buyer, both of which requested anonymity, in the transaction.  

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GEORGETOWN, MASS. — JLL has negotiated the sale-leaseback of a 59,480-square-foot industrial property in Georgetown, located north of Boston. Built in 2004 on an 8.6-acre site, the warehouse and manufacturing building features a clear height of 21 feet and 71 parking spaces. Michael Restivo, David Coffman and Tommy Hovey of JLL brokered the deal. The seller/occupant was not disclosed. Anthony Cutone and Ryan Parker, also with JLL, arranged fixed-rate acquisition financing on behalf of the buyer, Equity Industrial Partners.

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6136-Manchester-Apts-Los-Angeles-CA

LOS ANGELES — Cityview is developing 6136 Manchester, an apartment project located at 6136 W. Manchester Ave. in Los Angeles. The project is fully entitled and Cityview recently closed on the land for the project. The company plans to break ground on the development in 2026, with completion scheduled for late 2028. Located in Los Angeles’ Westchester neighborhood, 6136 Manchester will feature 489 studio, one- and two-bedroom apartments, 549 parking spaces and 16,120 square feet of ground-level retail space. Sixty-four of the units will be designated for households earning no more than 50 percent of the area median income. Community amenities will include a resort-style pool and spa, a garden courtyard, fitness studio, club room, CV Works coworking space, several rooftop lounges and a pet park and spa. The project will also include a new public plaza at the corner of 87th Street and Truxton Avenue that will provide an indoor-outdoor gathering space for residents and the community. Project partners include AC Martin, Nadia Geller Designs and MJS Landscape Architecture.

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Hotel-Valencia-Santana-Row-San-Jose-CA

SAN JOSE, CALIF. — Sonnenblick-Eichner Co. has arranged $50 million in first mortgage leasehold financing for Valencia Hotel Collection to refinance its Hotel Valencia Santana Row in San Jose. The nonrecourse, fixed-rate loan features interest-only payments for the five-year term and is priced at less than 7 percent. An international money center commercial bank provided the loan. Hotel Valencia Santana Row features 216 guest rooms, 11,188 square feet of indoor/outdoor meeting and event space, a fitness center, rooftop pool and hot tub and an open-air interior courtyard.

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WESTFIELD, N.J. — Marcus & Millichap has brokered the $5 million sale of a 10,369-square-foot office building in the Northern New Jersey community of Westfield. The two-story building at 1 Elm St. was originally constructed in 1922 and renovated in 2018 and was fully leased at the time of sale. Alan Cafiero and David Cafiero of Marcus & Millichap represented the undisclosed seller in the transaction. The buyer was also not disclosed.

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The-Loop-Scottsdale-AZ

SCOTTSDALE, ARIZ. — Creation, with development partner PGIM Real Estate, has broken ground on The Loop, an industrial campus in Scottsdale. Situated along Loop 101, The Loop will offer 267,000 square feet of Class A industrial space spread across four buildings ranging from 54,000 square feet to 101,000 square feet. Designed and built by LGE Design Build, the campus will feature footprints for light manufacturing, skilled assembly, industrial showrooms and distribution. Situated on 16.4 acres at Loop 101 and East Princess Drive, the development is slated for completion in late 2026. Pat Harlan and Steve Larsen of JLL are marketing the buildings for lease or sale.

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