Property Type

Blanca CRE Arranges 78,315 SF Office Lease in Miami for ADP

by John Nelson September 30, 2025

MIAMI — Blanca Commercial Real Estate (Blanca CRE) has arranged a 78,315-square-foot office lease at Waterford Business District in Miami. ADP, a global HR and payroll solutions provider, will relocate its current Miami office at 10200 Sunset Drive to the Waterford campus at 65th Avenue and 7th Street, adjacent to Miami International Airport. Juan Ruiz, Andres del Corral, Jack Davidson, Tere Blanca and Jessy Aguila of Blanca CRE represented the undisclosed landlord in the lease negotiations. Other recent leases executed at the 250-acre Waterford campus include Carnival Corp., Assurant and Verizon, among other major firms.

September 30, 2025

Acquisitions Kentucky Seniors Housing Southeast

LTC Properties Completes $40M Acquisition of Two Seniors Housing Communities in Kentucky

by John Nelson September 30, 2025

WESTLAKE VILLAGE, CALIF. — LTC Properties has completed the acquisition of two seniors housing communities located in Kentucky. An undisclosed seller sold the properties for $40 million. Opened in 2023, the properties together total 158 units and feature assisted living and memory care residences. Charter Senior Living manages the communities, the locations of which were not disclosed. California-based LTC plans to execute an additional $195 million in seniors housing operating portfolio acquisitions by mid-October and an additional $90 million by the end of the year.

September 30, 2025

Acquisitions Louisiana Retail Southeast

Disney Investment Group Negotiates Sale of 157,818 SF Shopping Center in Lake Charles, Louisiana

by John Nelson September 30, 2025

LAKE CHARLES, LA. — Disney Investment Group (DIG) has negotiated the sale of Southgate, a 157,818-square-foot shopping center located in Lake Charles. The center has been anchored by a 37,442-square-foot Market Basket grocery store for nearly 40 years. Additional tenants at the property, which was 90.8 percent leased at the time of sale, include Dollar Tree, Office Depot, Books-A-Million and Oak Street Health. David Disney and Adam Crockett of DIG represented the seller and procured the buyer in the transaction. The sales price was not released.

September 30, 2025

Loans Mixed-Use New York Northeast

Tremont Realty Capital Provides $34.5M Refinancing for Manhattan Mixed-Use Building

by Taylor Williams September 30, 2025

NEW YORK CITY — Tremont Realty Capital, a division of Boston-based investment firm RMR Group, has provided a $34.5 million loan for the refinancing of a mixed-use building on Manhattan’s Upper West Side. The 23,300-square-foot building at 2875 Broadway houses retail and healthcare uses. Tremont funded the floating-rate loan, which has a two-year initial term with three one-year extension options, through its affiliate, Seven Hills Realty Trust (NASDAQ: SEVN). Meridian Capital Group arranged the debt on behalf of the sponsor, a partnership between TPG Angelo Gordon and Premier Equities.

September 30, 2025

California Development Leasing Activity Mixed-Use Retail Western

Cain International Provides Updates on $10B One Beverly Hills Mixed-Use Project

by Kristin Harlow September 30, 2025

BEVERLY HILLS, CALIF. — Cain International has provided updates on One Beverly Hills, a 17.5-acre mixed-use project in metro Los Angeles that is valued at roughly $10 billion. Luxury fashion brand Dolce & Gabbana, as well as restaurants Casa Tua Cucina and Los Mochis, have been confirmed as three of the first tenants within the development’s 200,000-square-foot retail district, which is planned to ultimately feature 45 shopping and dining options. In addition, construction is underway on Aman Beverly Hills, which will consist of a 78-suite hotel, two residential towers, a private club and 10 acres of botanical gardens and open space. The latter element will connect The Beverly Hilton hotel, which is currently being renovated, and the Waldorf Astoria Beverly Hills hotel.

September 30, 2025

California Development Industrial Loans Western

JLL Secures $102.4M in Construction Financing for Otay Business Park Spec Project in San Diego

by Amy Works September 30, 2025

SAN DIEGO — JLL Capital Markets has arranged $102.4 million in construction financing for the first phase of Otay Business Park, a speculative Class A industrial development in San Diego’s Otay Mesa submarket. The borrower is a joint venture between Elevation Land Co. and a real estate fund advised by Crow Holdings Capital. Aldon Cole and Ben Choromanski of JLL Capital Markets arranged the three-year, floating-rate loan through New York Life Real Estate Investors for the borrower. Phase I of Otay Business Park will deliver 612,240 square feet spanning four freestanding warehouse and distribution buildings, ranging from 79,760 square feet to 233,880 square feet. The single-story, reinforced concrete tilt-up structures will feature 32-foot clear heights and be divisible into suites as small as 45,000 square feet. Upon full build-out, the 119-acre Otay Business Park will feature 1.8 million square feet of industrial space across nine buildings. Construction for Phase I is underway, with completion slated for mid-2026. The project is expected to reach stabilization by mid-2027.

September 30, 2025

Acquisitions California Industrial Western

MDH Partners Buys Four-Building Industrial Park in Ontario, California

by Amy Works September 30, 2025

ONTARIO, CALIF. — MDH Partners has purchased Ontario Commerce Park II, a four-building, 133,400-square-foot industrial asset situated within California Commerce Center in Ontario. James Hwang of MDH Partners served as acquisition lead and Michael Hefner of Voit Real Estate Services represented the undisclosed seller in the deal. Terms of the transaction were not released. Divisible to up to 19 individual units, Ontario Commerce Park II consists of two buildings at 720 and 780 S. Milliken Ave. totaling 31,448 square feet and featuring grade-level loading and 16-foot warehouse clearance; and two buildings, totaling 101,952 square feet, at 740 and 760 S. Milliken Ave. with 25- to 26-foot warehouse clearance, dock-high loading and grade-level ramps. At the time of sale, the buildings were fully leased to nine tenants.

September 30, 2025

Hospitality Loans New Jersey Northeast

Cronheim Mortgage Arranges $19.5M Acquisition Loan for Hotel in Wayne, New Jersey

by Taylor Williams September 30, 2025

WAYNE, N.J. — The hospitality affiliate of locally based financial intermediary Cronheim Mortgage has arranged a $19.5 million acquisition loan for the Home2 Suites by Hilton hotel in Wayne, located in Northern New Jersey. The hotel was built in 2020. The room count was not disclosed. Amenities include an indoor pool, fitness center, complimentary hot breakfast and an onsite restaurant. Cronheim arranged the five-year, floating-rate loan on behalf of the borrower, hospitality owner-operator Spark GHC. The direct lender was also not disclosed.

September 30, 2025

Acquisitions California Loans Retail Western

BISON Partners, PCCP Receive $29M in Financing for Bernal Plaza Shopping Center in San Jose, California

by Amy Works September 30, 2025

SAN JOSE, CALIF. — A joint venture between BISON Partners and PCCP has received $29 million in acquisition financing for Bernal Plaza, an open-air retail center in San Jose. Alex Olson, Todd Sugimoto, Lauren Sackler and Danny Ryan of JLL Capital Markets secured the floating-rate acquisition loan through Forbright Bank for the borrower. The joint venture acquired the asset from a private seller, which had owned the property for 20 years, in an off-market transaction. Situated on 16 acres at 101-125 Bernal Road, Bernal Plaza offers 139,559 square feet of retail space that was 94 percent leased at the time of sale. Current tenants include Ross Dress for Less, McDonalds, Shell and a Tesla charging station.

September 30, 2025

Acquisitions Nevada Office Western

CBRE Arranges $6.4M Sale of Las Vegas Office Property

by Amy Works September 30, 2025

LAS VEGAS — CBRE has arranged the sale of a 24,362-square-foot office property located at 9501 Hillwood Drive in Las Vegas. A local owner-user acquired the asset from Hillwood Properties LLC for $6.4 million. The property features an outdoor amphitheater, rotunda entrance and an auditorium. Marc Magliarditi of CBRE represented the seller in the deal.

September 30, 2025

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