EDGERTON, KAN. — SparrowHawk has completed its first acquisition since securing $300 million in growth capital from Almanac Realty Investors. The company acquired a 764,735-square-foot warehouse in Edgerton near Kansas City that is fully leased. The building is within Logistics Park KC, an industrial park that currently has 17 multi-tenant buildings totaling 10.8 million square feet. Developed in 2016, the property is occupied by two tenants. In mid-2025, Faith Technologies took occupancy of 463,435 square feet at the north end of the building. Smart Warehousing, which occupies 302,492 square feet of space, is an original tenant of the building. The property features 101 dock doors, four drive-in doors, parking for 337 cars and 99 truck trailers and a clear height of 36 feet. Mark Long and John Hassler of Newmark Zimmer represented both SparrowHawk and the seller, a development firm and its institutional capital partner.
CHICAGO — Skender has completed the 230,000-square-foot build-out of Invenergy’s One South Wacker Drive headquarters in Chicago. The developer, owner and operator of power infrastructure originally occupied floors 18, 19 and 20. Skender completed upgrades to those floors in addition to the demolition and full construction of five additional floors (14-17). The project team included Lumen Workplace as owner’s representative, Partners by Design as architect and Syska Hennessy as engineer. Skender completed the build-out and renovation in three phases over the course of 12 months. The open-office concept features a three-floor atrium stair, two roof decks, a large café and an 8,000-square-foot control center for managing global power markets and operations. Floor 15 now serves as the heart of the workplace with a new reception area and boardroom.
PITTSFIELD TOWNSHIP, MICH. — Lockwood Cos. has opened Haverhill on Clark, a 295-unit affordable housing community located at the southwest corner of Clark and Golfside roads in Pittsfield Township near Ann Arbor. Haverhill on Clark represents a more than $76 million investment in Pittsfield Township and Washtenaw County. The community is located across from Washtenaw Community College and Trinity Health St. Joseph Mercy Hospital. Amenities include a pool, fitness center, gathering spaces, outdoor play structures, electric vehicle charging stations and pet-friendly accommodations.
LOS ANGELES — Cinespace Studios, an owner-operator of soundstage facilities for the TV and film industry, has opened a new soundstage campus in Los Angeles. Situated in the Woodland Hills neighborhood, the new campus represents the sixth production hub worldwide for Cinespace, joining existing facilities in Atlanta; Chicago; Potsdam, Germany; Toronto; and Wilmington, N.C. “Los Angeles is where this industry was built, and where its future continues to be shaped,” says Eoin Egan, co-CEO of Cinespace Studios. “Opening a campus here has always been part of our long-term vision. While the market is navigating a period of transition, we believe deeply in the resilience of this city, the talent that defines it and the enduring demand for world-class production infrastructure.” Cinespace Studios Los Angeles comprises six 18,000-square-foot soundstages with 30-foot clear heights, as well as 72,000 square feet of production offices and additional ancillary spaces. A ribbon-cutting ceremony was held yesterday with members of Cinespace Studios, Los Angeles Mayor Karen Bass and representatives from the California Governor’s office in attendance. The new campus is opening with an active production already underway — a thriller movie called “Nightwatching” — underscoring early demand for the new stages. “This campus clearly understands what productions …
AUSTIN, TEXAS — Berkadia has arranged a $47 million loan for the refinancing of 1900 Parmer, a 364-unit apartment community in North Austin. Developed in 2024, the property offers studio, one- and two-bedroom units that range in size from 458 to 1,270 square feet. Amenities include two pools with cabanas, a fitness center with dedicated spin and yoga studios, a lounge, package lockers and a demonstration kitchen featuring a kegerator and a billiards table. Mitch Sinberg, Scott Wadler, Brad Williamson, Matt Robbins and Patrick Johnson of Berkadia place the loan through MF1 Capital on behalf of the owner, California-based Griffin Capital.
LUBBOCK, TEXAS — Landmark Properties, a Georgia-based student housing owner-operator, has purchased Park East, a 732-bed for students at Texas Tech University in Lubbock. Developed in 2016, the two-building development offers 219 units and amenities such as a coffee bar, resident lounge, fitness center, pool, study rooms, grilling areas, a putting green and bocce ball and sand volleyball courts. CBRE arranged the sale of the property on behalf of the undisclosed seller. TSB Capital Advisors arranged acquisition financing for the deal on behalf of Landmark.
AUSTIN, TEXAS — Charlotte-based investment and development firm Asana Partners has acquired The Arboretum, a roughly 197,105-square-foot shopping center in the Great Hills neighborhood of Austin, with plans to renovate the property. Tenants include Amy’s Ice Creams, Ballard Designs, Chico’s, Lovesac, Pottery Barn, Cava, Teapioca Lounge, Soma and Hanara Sushi & Grill. Asana plans to reconfigure commons areas to support live music and pop-up retail, establish new patios for outdoor dining and replace storefront signage. Sitework for the renovation will begin this summer. Completion is slated for early 2027.
DALLAS — UBS has signed a 26,537-square-foot office lease at 23Springs, a newly constructed office building in Uptown Dallas. The global wealth manager will occupy the entire 20th floor of the 26-story building and plans to take occupancy this summer. Robert Jimenez, Burson Holman and Elizabeth Fortado represented the landlord, Dallas-based Granite Properties, in the lease negotiations on an internal basis. Robby Baty and Bill McClung of Cushman & Wakefield represented UBS.
NORTH LAS VEGAS, NEV. — EBS Realty, along with its investment partner Penwood Real Estate Investment Management, has broken ground on Apex Ridge Logistics Park, a speculative campus in North Las Vegas. Totaling more than 1.3 million square feet on 90 acres, the asset will feature a 755,628-square-foot building and a 602,377-square-foot building. Situated within the Apex/North Las Vegas submarket, the buildings will offer flexible designs to cater to a variety of users, including e-commerce, manufacturing and distribution.
SANTA BARBARA, CALIF. — Warren Resort Hotels has acquired the Franciscan Inn & Suites, a boutique hotel in Santa Barbara’s West Beach district, from Ed St. George for $22.5 million, or $424,528 per key. Developed in the mid-20th century, Franciscan Inn & Suites features 53 guest rooms and suites, a pool, landscaped courtyard and dedicated parking. The property is walkable to both West and East beaches, Santa Barbara Harbor, Stearns Wharf, State Street and Funk Zone, an arts, dining and industrial district. Austin Herlihy, Chris Parker, Miles Waters, Mike Lopus and Mike Chung of Colliers, in partnership with Steve Golis of Radius, marketed the asset and led the disposition and acquisition processes for both parties.