Property Type

Merus Acquires RiverGate Mall in Metro Nashville, Plans $450M Mixed-Use Redevelopment

by John Nelson February 17, 2026

GOODLETTSVILLE, TENN. — Merus, a design-build firm that was formerly known as Al. Neyer, has purchased RiverGate Mall, an enclosed shopping mall located at 1000 Rivergate Parkway in Goodlettsville that opened in 1971. The Cincinnati-based firm is planning to transform the 57-acre site on the northern outskirts of Nashville into a $450 million mixed-use district. Merus plans to demolish the mall this spring. In its place, the firm will develop 700 multifamily units, 100 townhomes, 80 independent seniors housing units, more than 130,000 square feet of retail and dining space and a center green and plaza for community programming. “Stepping into a site like this comes with a responsibility — not just to redevelop it, but to do it right,” says Patrick Poole, senior vice president and Nashville market leader for Merus. “Our focus is taking a property designed for a different era and reimagining it as a walkable, active district where people can live, work, gather and spend time.” Merus purchased the 514,000-square-foot mall, which is situated next to Dollar General’s global headquarters, for $33 million. Bryan Belk and John Tennant of Franklin Street represented the seller, Hendon Properties, in the transaction. Hartman Simons & Wood LLP executed legal work …

February 17, 2026

Development Market Reports Retail Texas Texas Market Reports

For Texas Retail Developers, There’s No Time Like The Present

by Taylor Williams February 17, 2026

By Taylor Williams The challenges are multi-faceted. The timelines are elongated. The costs are brutal. The capital is tight. The consumers’ incomes are strained. The prevailing logic favors buying over building. The list goes on. And yet some retail developers in Texas and Oklahoma see the current environment as one that represents a unique chapter in the saga of their business — one that makes them glad they do what they do. That sentiment is not just a factor of a post-COVID resurgence built on the realization that brick-and-mortar stores and e-commerce platforms work better in tandem than in opposition. And it’s not just a natural byproduct of favorable supply-demand dynamics that have pushed retail occupancies and rents to record highs in most major markets. It goes beyond being the beneficiary of new capital flows as the commercial real estate darlings of the past decade — industrial and multifamily — have experienced softening fundamentals. The feeling is, in the words of Stevie Wonder, all these things and more. “It’s a special time in this business, even if it’s a different one,” says David Neher, president at Dallas-based Rainier Development Co. “There’s a fair amount of front-end risk and planning for …

February 17, 2026

Features Retail Western Western Feature Archive

Retail Real Estate Industry Is ‘Adapting to Change,’ Says Valuation Firm IRR

by Abby Cox February 17, 2026

DENVER — The U.S. retail real estate sector is continuing to move forward — but with caution. While the industry’s fundamentals remain relatively healthy, retailers and investors are evolving their strategies and adapting to shifting consumer behaviors, according to Integra Realty Resources (IRR), a commercial real estate valuation services firm based in Denver. IRR’s 2026 Retail Report explores the trends shaping the transformation of retail real estate, and where the sector is headed next. Consumer spending has shifted, largely because of macroeconomic machinations like inflation and slower job growth. Higher-income earners still have the ability to spend, but price-conscious consumers are increasingly trying to maximize value for their dollar at discount grocery and convenience stores. IRR notes that the retail sector posted 1.7 million square feet of positive net absorption nationally, which outpaced new construction more than twelvefold at 214,00 square feet. In the third quarter of 2025, the national vacancy rate slightly declined, coming in at 10.4 percent. Anthony Graziano, CEO of IRR, emphasizes that while leasing is healthy, store closures are masking the improvement. “E-commerce pressure, retailer bankruptcies and ongoing drugstore consolidation have released significant space back into the market, and until that churn settles, vacancy will look more …

February 17, 2026

Acquisitions Industrial North Carolina Southeast

Equus Capital Purchases Industrial Complex in Butner, North Carolina for $46.8M

by Abby Cox February 16, 2026

BUTNER, N.C. — Equus Capital Partners has acquired Falls Lake Commerce Center, a 341,867-square-foot industrial complex in Butner, approximately 20 miles south of Durham, for $46.8 million. The transaction was completed on behalf of Sweet Grass II, a programmatic joint venture between an affiliate of Equus and a U.S.-based public pension plan. Falls Lake Commerce Center comprises three modern, tilt-wall logistics facilities developed between 2009 and 2015. The buildings feature 30-foot clear heights, ESFR sprinkler systems, shared truck courts, 53 dock-high doors and six drive-in doors. The property also includes a 1.2-acre industrial outdoor storage (IOS) lot with 65 trailer stalls. Falls Lake was fully leased at the time of sale to three tenants including UPS, Nugget Comfort LLC and RiceWrap Foods.

February 16, 2026

Acquisitions Hospitality Louisiana Southeast

Marcus & Millichap Negotiates $40.5M Sale of Hilton-Branded Hotel in Downtown Baton Rouge

by Abby Cox February 16, 2026

BATON ROUGE, LA. — Marcus & Millichap has negotiated the $40.5 million sale of the Hilton Baton Rouge Capital Center, a 291-room hotel located in downtown Baton Rouge along the banks of the Mississippi River. Chase Dewese, Jack Davis and Joce Messinger of Marcus & Millichap represented the buyer, Orlando-based Northshore Development, in the transaction. Steve Greer served as Marcus & Millichap’s broker of record in Louisiana. The seller was not disclosed. Amenities at the hotel include an onsite restaurant, swimming pool, fitness center, business center, meeting rooms and an airport shuttle.

February 16, 2026

Acquisitions Georgia Multifamily Southeast

ECI, Marcus Partners Acquire 280-Unit Riverside Parc Apartments in West Atlanta

by Abby Cox February 16, 2026

ATLANTA — A joint venture between ECI Group and Marcus Partners has acquired Riverside Parc Apartments, a 280-unit complex located at 1925 Waycrest Drive SW in west Atlanta. ECI plans to renovate the property with an updated clubhouse and refreshed apartment interior finishes, including new plumbing fixtures, paint and washer/dryer combinations. The garden-style community spans seven buildings and offers one, two- and three-bedroom floorplans ranging in size from 795 to 1,350 square feet, according to Apartments.com. Amenities at the property include an onsite clubhouse with a dart board and movie theater seating, swimming pool, car care center, fitness center, playground and an electronic lounge that features computers, a printer, Wi-Fi and a coffee bar.

February 16, 2026

Acquisitions Development Mixed-Use North Carolina Southeast

Jamestown Joins Ownership Group at 76-Acre Camp North End Campus in Charlotte

by Abby Cox February 16, 2026

CHARLOTTE, N.C. — Jamestown has partnered with existing ownership to recapitalize Camp North End, a 76-acre mixed-use redevelopment project located in Charlotte, just north of the city’s Uptown district. The Atlanta-based developer and operator will serve as general partner and lead asset management, leasing, marketing, architecture and development firm for the new joint venture ownership structure. ATCO Properties & Management will remain a partner in the overall development, while Shorenstein Investment Advisors will continue as a partner with Jamestown and ATCO in a portion of the project. Jared Londry of PointBlank Ventures represented ATCO in the joint venture transaction and led the structuring of the partnership. PointBlank Ventures has also been retained by Jamestown to raise joint-venture equity for the next phases of development at Camp North End. Damon Hemmerdinger of ATCO will serve in an advisory role as non-executive chairman of the joint venture, as ATCO continues to own and operate Kinship, the multifamily development completed at Camp North End in 2025. The site was originally constructed in 1924 as a Ford Model T plant and later repurposed as the Charlotte Area Missile Plant. ATCO acquired the property in 2016, and Shorenstein became a capital partner in 2018. To …

February 16, 2026

Acquisitions Multifamily Texas

IPA Negotiates Sale of 216-Unit Stonebrook Village Apartments in Frisco

by Taylor Williams February 16, 2026

FRISCO, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of Stonebrook Village, a 216-unit apartment complex in Frisco. Built on 14 acres in 1994, Stonebrook Village offers one-, two- and three-bedroom units with an average size of 899 square feet. Amenities include a pool, clubhouse, basketball court and a playground. Joey Tumminello, Taylor Hill, Michael Ware and William Hubbard of IPA represented the seller, New Jersey-based Strata Capital, in the transaction and procured the buyer, California-based Paskin Group.

February 16, 2026

Hospitality Loans Texas

JLL Arranges Acquisition Financing for 162-Room Hotel Near Downtown Fort Worth

by Taylor Williams February 16, 2026

FORT WORTH, TEXAS — JLL has arranged an undisclosed amount of acquisition financing for a 162-room extended-stay hotel near downtown Fort Worth. The Home2 Suites Fort Worth Cultural District hotel was built in 2020 and offers amenities such as a 630-square-foot meeting space, an outdoor pool and a fitness center. John Bauman, Scott Dickey, Jordan Buck and Charlie Mossy of JLL arranged the loan through Inwood National Bank on behalf of the borrower, a joint venture between Ad Astra Capital and TMGOC Ventures.

February 16, 2026

Haygood-Elementary-School-Fort-Bend-County

Civic Development Texas

Drymalla Construction Completes 111,000 SF Academic Project in Fort Bend County

by Taylor Williams February 16, 2026

FORT BEND COUNTY, TEXAS — General contractor Drymalla Construction Co. has completed a 111,000-square-foot academic project in Fort Bend County. Designed by Pfluger Architects, Haygood Elementary School is part of the Lamar Consolidated Independent School District and can support about 850 students. Funded by proceeds from a $1.5 billion bond that was approved in 2022, the school is located within the Cross Creek West master-planned development and features 46 classrooms and a library.

February 16, 2026

Newer Posts

Older Posts