Property Type

Nuveen Real Estate Selects Vestar to Manage Newly Acquired 600,000 SF SoCal Retail Portfolio

by Amy Works June 13, 2025

SOUTHERN CALIFORNIA — Nuveen Real Estate has selected Vestar to provide property management, strategic leasing oversight, marketing and construction management services for its newly purchased retail portfolio in Southern California. Totaling more than 600,000 square feet, the grocery-anchored portfolio has occupancy rates exceeding 98 percent. The portfolio includes: The addition of these five properties brings Vesta’s Southern California footprint to more than 8.5 million square feet, including The District at Tustin Legacy in Tustin, Long Beach Towne Center in Long Beach, Peninsula Center in Rolling Hills Estates and Rancho San Diego Towne Center in San Diego.

June 13, 2025

Acquisitions California Multifamily Western

CBRE Negotiates $8.6M Sale of Multifamily Property in Costa Mesa, California

by Amy Works June 13, 2025

COSTA MESA, CALIF. — CBRE has negotiated the $8.6 million sale of a 13-unit property at 553 and 555 Victoria St. in Costa Mesa, about 40 miles south of Los Angeles. Dan Blackwell, Mike O’Neill and Jack O’Connor of CBRE represented the Costa Mesa-based private seller. The 1031 buyer is a private investor based in Huntington Beach, Calif. The property was on the market for the first time in approximately 47 years. Located on a 0.8-acre lot, the property contains 10 buildings with 13,712 square feet of rentable space. The unit mix includes eight two-bedroom cottages (built in 1962) and five three-bedroom townhomes (built in 1990), each with a private backyard.

June 13, 2025

Acquisitions Colorado Retail Western

Marcus & Millichap Brokers $7.2M Sale of Retail Center in Denver

by Amy Works June 13, 2025

DENVER — Marcus & Millichap has brokered the $7.2 million sale of Shops at 6th & Broadway, a 12,033-square-foot retail center located in Denver. Built in 2002, the property was 76 percent leased to a mix of tenants including AT&T, Jersey Mike’s Subs, Einstein Bros. Bagels and Palm Beach Tan at the time of sale. Ian Hicks, Ryan Bowlby and Drew Isaac of Marcus & Millichap’s Denver office marketed the property on behalf of the seller, a private local investor, and procured the buyer, a local family office, in the transaction. Both parties requested anonymity.

June 13, 2025

Company News Development Industrial North Carolina Southeast Top Stories

JetZero to Open $4.7B Airplane Manufacturing Facility in Greensboro, North Carolina, Create 14,500 Jobs

by Abby Cox June 13, 2025

GREENSBORO, N.C. — JetZero, a California-based aerospace startup company, will open a $4.7 billion manufacturing facility at Piedmont Triad International Airport in Greensboro. Construction on the facility is expected to begin in the first half of 2026, with the first deliveries beginning in the early 2030s. The facility will house production of the company’s commercial all-wing design airplane titled Z4. Once the site is operational, the company’s headquarters will be relocated from Long Beach, Calif. to Greensboro. JetZero projects that the facility will account for the creation of about 14,500 new jobs by 2063, providing opportunities for collaboration with academic and vocational training institutions. “North Carolina offers the ideal combination of talent, infrastructure and forward-thinking leadership to support our mission to reshape aviation,” says Tom O’Leary, CEO and co-Founder of JetZero. JetZero has partnered with the smart infrastructure, electrification and automation divisions of German congolomerate Siemens to design a “factory of the future” that will be fully digital and AI-driven in order to increase speed, cut costs and improve quality to outpace original equipment manufacturers. Z4 planes will be able to accommodate 250 passengers with up to 50 percent better fuel efficiency than today’s commercial tubes and wing jets, according to JetZero. By …

June 13, 2025

Office Texas

Azrieli Group, Unilev Capital Complete Recapitalization of 507,565 SF Office Building in Houston

by Taylor Williams June 12, 2025

HOUSTON — An entity controlled by Azrieli Group and Unilev Capital has completed the recapitalization of One Riverway, a 507,565-square-foot office building in Houston’s Galleria district. The transaction included a modification of an existing loan and an additional equity investment, although specific details on those elements of the recapitalization were not disclosed. Ownership now plans to undertake a capital improvement program that will feature upgrades to common areas such as corridors and restrooms, a full elevator modernization and delivery of move-in-ready spec suites. Stream Realty Partners is the leasing agent for One Riverway.

June 12, 2025

Acquisitions Florida Retail Southeast

Continental Realty Corp. Acquires CityPlace Doral Retail Development in South Florida for $87.5M

by John Nelson June 12, 2025

DORAL, FLA. — Baltimore-based Continental Realty Corp. (CRC) has purchased CityPlace Doral, a 235,000-square-foot lifestyle retail center located at 8300 N.W. 36th St. in Doral, a western suburb of Miami. CRC financed the $87.5 million acquisition using funds from Continental Realty Opportunistic Retail Fund I LP, a related co-investment and a $58.3 million loan from a regional bank. Danny Finkle and Jorge Portela of JLL represented the seller, PGIM Real Estate, in the transaction. Michael DiCosimo and Maddy McMillen of JLL’s Debt Advisory team arranged the acquisition loan. The tenant roster at CityPlace Doral, which was 80 percent leased at the time of sale, includes The Fresh Market, Cooper’s Hawk, Anatomy Fitness, Carrot Express, Copper Blues Rock Pub & Kitchen, Kings Dining & Entertainment, CMX CineBistro, Kuba Cabana, Novecento and Tap 42. Built in 2017, the center also includes a structured parking garage and a central plaza for events. CityPlace Doral is connected to The Flats, a 303-unit apartment community that is under separate ownership. With this acquisition, CRC owns 13 retail centers in Florida, including assets in Fort Myers, Lakeland, Lake Worth, Marco Island, Naples, Ocoee, Orlando and Seffner.

June 12, 2025

Acquisitions Industrial Self-Storage Texas

Marcus & Millichap Brokers Sale of 410-Unit Self-Storage Facility in Van Alstyne, Texas

by Taylor Williams June 12, 2025

VAN ALSTYNE, TEXAS — Marcus & Millichap has brokered the sale of a 410-unit self-storage facility in Van Alstyne, about 50 miles north of Dallas. Situated on an 8.7-acre site, Van Alstyne Self Storage spans 92,220 net rentable square feet across 42 climate-controlled units, 208 non-climate drive-up units, 91 covered parking spaces and 69 uncovered parking spaces. The facility also has an onsite residence. Brandon Karr and Danny Cunningham of Marcus & Millichap represented the seller, a local partnership, in the transaction. The duo also procured the buyer, a Dallas-based private investor. Both parties requested anonymity.

June 12, 2025

Development Office Texas

Midway Tops Out 320,000 SF CITYCENTRE Six Office Building in West Houston

by Taylor Williams June 12, 2025

HOUSTON — Locally based developer Midway has topped out CITYCENTRE Six, a 320,000-square-foot office building in West Houston. The 19-story building is being developed adjacent to a new half-acre urban plaza, which was designed by OJB Landscape Architecture, within the 47-acre mixed-use development of the same name. Partners Real Estate is the marketing agent for the project, which is 65 percent preleased to a single anchor tenant. Completion is scheduled for next spring.

June 12, 2025

Leasing Activity North Carolina Office Southeast

Trimont Signs 67,935 SF Lease at One South Office Tower in Uptown Charlotte

by John Nelson June 12, 2025

CHARLOTTE, N.C. — Trimont, a global provider of commercial real estate loan services, has signed a lease to occupy 67,935 square feet at One South, a 40-story office tower located in Uptown Charlotte. The company plans to move into its new space, which will span three full floors, in January. John Flack and Taylor Ferguson of Savills represented Trimont in the lease transaction. John Hannon, Tim Arnold and Rhea Greene of Trinity Partners represented the undisclosed landlord. One South has had recent announcements of more than 125,000 square feet of office leases, including Deriva Energy (formerly known as Duke Energy Renewables), Dole Food Co.’s U.S. headquarters, Shumaker, Robert Half, Protiviti, Huntington National Bank and The Siegfried Group, as well as Krazy Curry, Ace No. 3 and Pet Wants. The property recently underwent $9 million of capital improvements. Amenities at One South include One Athletics, a 30,000-square-foot fitness facility that features an indoor pickleball court, fitness classes and high-end equipment and locker room facilities. Other amenities include a full-service café and cocktail bar, golf simulator, gaming lounge and a flexible event space with a retractable glass wall overlooking Trade and Tryon streets.

June 12, 2025

Development North Carolina Office Southeast

Durhamite to Renovate, Rebrand 139,282 SF Office Building in Durham, North Carolina

by John Nelson June 12, 2025

DURHAM, N.C. — Durhamite Holdings, a locally based, privately owned real estate investment group, plans to renovate and rebrand SouthCourt, a 139,282-square-foot office building in Durham. Planned renovations include a fully redesigned main lobby, exterior improvements, a multipurpose room for tenant events and meetings and a new amenity complex featuring a hotel-style lounge, game room, collaboration space and a kitchen and bar. Durhamite also plans to revitalize the building’s outdoor seating areas and create access to Joe Van Gogh Café on the ground level. The property, rebranded as Durhamite SouthCourt, will also house Orenge South Durham, a 17,000-square-foot coworking space with private offices. Dennis Hurley of JLL is leading the leasing efforts at Durhamite SouthCourt, which will soon welcome two new tenants: RVE and Gameday Men’s Health.

June 12, 2025

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