Property Type

McDowell Housing Completes 160-Unit Affordable Seniors Housing Community in Naples, Florida

by John Nelson June 12, 2025

NAPLES, FLA. — McDowell Housing Partners (MHP) has completed the construction of Ekos Cadenza, a 160-unit affordable seniors housing community in Naples. This marks MHP’s second phase of development at the site. The first phase, which also comprises 160 units of affordable housing for seniors, opened in October 2024. Totaling five stories, Ekos Cadenza features studio, one- and two-bedroom residences ranging from 527 to 1,007 square feet. Amenities include a swimming pool, wet bar, fitness center, game room, media center, pickleball court and clubhouse. The Healthcare Network of Southwest Florida will provide onsite healthcare services to residents, with Collier County administering a daily meal program. Nineteen apartments will be reserved for seniors earning at or below 30 percent of the area median income (AMI), and 119 units will be reserved for seniors earning at or below 60 percent of AMI. Monthly rents will range from $529 to $1,406.

June 12, 2025

Leasing Activity Office Texas

Oxford Partners Negotiates 11,258 SF Office Sublease in West Houston

by Taylor Williams June 12, 2025

HOUSTON — Locally based brokerage firm Oxford Partners has negotiated an 11,258-square-foot office sublease in West Houston. The space is located within the building at 2050 W. Sam Houston Parkway S. According to LoopNet Inc., the building was constructed in 2013 and spans 333,000 square feet. Vincent Vega of Oxford Partners represented the sublessee in the negotiations. Rob Johnson of Hughes Marino represented the sublessor.

June 12, 2025

Acquisitions Louisiana Retail Southeast

Marcus & Millichap Brokers $5.8M Sale of Retail Center in Lafayette, Louisiana

by John Nelson June 12, 2025

LAFAYETTE, LA. — Marcus & Millichap has brokered the $5.8 million sale of Lafayette Marketplace, an 87,122-square-foot retail center located in Lafayette. Super 1 Foods anchors the property, which occupies roughly 60 percent of the center. Additional tenants include Dollar Tree, Family Dollar, Metro by T-Mobile and Ace Cash Express. Built in 1995 and renovated in 2024, Lafayette Marketplace spans 10 acres and is situated near the West Village master-planned development that is currently underway. Eric Abbott and Zach Taylor of Marcus & Millichap represented the seller in the transaction. Steve Greer served as Marcus & Millichap’s broker of record in Louisiana in the transaction.

June 12, 2025

Illinois Loans Midwest Seniors Housing

PGIM Real Estate Provides $50M in Financing for 160-Unit Senior Living Community in Metro Chicago

by Abby Cox June 12, 2025

EVANSTON, ILL. — PGIM Real Estate has provided $50 million in floating-rate financing for Trulee Evanston, a 160-unit senior living community located in Evanston, roughly 13 miles north of downtown Chicago. Trace Wilson of PGIM Real Estate led financing efforts on behalf of the borrowers, AEW Capital Management and Solera Senior Living. The nine-story complex features contemporary architecture, technology and a variety of outdoor spaces, as well as independent living, assisted living and memory care services. Amenities at Trulee Evanston include an outdoor deck, bar, fire pit, hair salon and a fitness center.

June 12, 2025

Development Midwest Missouri Restaurant

Palm Tree Club to Open 11,000 SF Restaurant, Rooftop Lounge in Kansas City, Missouri

by Abby Cox June 12, 2025

KANSAS CITY, MO. — Culinary and entertainment concept Palm Tree Club will open an 11,000-square-foot restaurant and rooftop lounge in Kansas City’s Power & Light District. Designed by Beth Bloom Designs, the two-level space will include a full restaurant, private dining room and an open-air rooftop. The first story will comprise the custom main bar and ample seating for guests, while an elevated DJ booth will be situated just off the main floor with VIP seating and a dance floor. Additionally, the upstairs rooftop lounge will include an illuminated tree and a 100-inch TV. Palm Tree Club Kansas City is slated to open this fall.

June 12, 2025

Acquisitions Indiana Midwest Multifamily

Marcus & Millichap Negotiates Sale of 80-Unit Multifamily Property in Indianapolis

by Abby Cox June 12, 2025

INDIANAPOLIS — Marcus & Millichap has facilitated the sale of Arlington Village, an 80-unit multifamily property located in Indianapolis. Originally built in 1963, the complex comprises 20 one-bedroom and 60 two-bedroom apartments across eight buildings. Renovations to the property will include cosmetic updates and capital improvements, as well as the utilization of basement space. The buyer also plans to convert some of the larger two-bedroom units into three-bedrooms. Jack Friskney and Aaron Kuroiwa of Marcus & Millichap’s Indianapolis office marketed Arlington Village on behalf of the seller and procured the buyer, both based in New York. The sales price was not disclosed.

June 12, 2025

Acquisitions Illinois Midwest Office

AXIS 360 Brokers Sale of 16,998 SF Office Building in Bloomington, Illinois

by Abby Cox June 12, 2025

BLOOMINGTON, ILL. — AXIS 360 Commercial Real Estate has arranged the sale of a 16,998-square-foot office building located at 2712 McGraw Drive in Bloomington. Formerly occupied by Insight CPAs & Financial PLLC, the property features floor-to-ceiling windows, sky lights, 11 private offices, cubicle space and conference rooms. Meghan O’Neal-Rogozinski and Mike O’Neal of AXIS 360 brokered the transaction. The buyer was locally based Hjerpe & Tennison CPAS LLC.

June 12, 2025

Loans Michigan Midwest Multifamily

Bernard Financial Group Arranges $1M Permanent Loan for 22-Unit Multifamily Property in Detroit

by Abby Cox June 12, 2025

DETROIT — Bernard Financial Group (BFG) has arranged a $1 million permanent loan for a 22-unit multifamily property located in Detroit. The name of the property was not disclosed. Josh Bernard of Bernard Financial Group originated the loan on behalf of the borrower, an entity doing business as Pilgrim Villa LLC. One of BFG’s correspondent life company lenders provided the loan.

June 12, 2025

Acquisitions Net Lease Retail Texas

STRIVE Arranges Sale of Retail Building Leased to AutoZone in Bryan, Texas

by Taylor Williams June 12, 2025

BRYAN, TEXAS — Dallas-based brokerage firm STRIVE has arranged the sale of a 7,750-square-foot retail building located along North Texas Avenue in the Central Texas city of Bryan. The property is net leased to AutoZone. Adam Gottschalk and Jason Vitorino of STRIVE represented the seller, a private wealth management division of a bank, and procured the undisclosed buyer. Additional terms of sale were not disclosed.

June 12, 2025

Development Loans Multifamily New York Northeast

Charney, Tavros Receive $525M in Construction Financing for 55-Story Multifamily Tower in Queens

by Taylor Williams June 12, 2025

NEW YORK CITY — A partnership between two locally based firms, Charney Cos. and Tavros, has received $525 million in construction financing for a 55-story multifamily tower that will be located in the Long Island City area of Queens. Greystone arranged the financing, which consists of $425 million in debt from Madison Realty Capital and $100 million in equity from Kushner and OneIM. Plans call for 636 condos in studio, one-, two- and three-bedroom formats, as well as Class A amenities and retail space that will be occupied by grocery and fitness users. A formal name for the project, which will be located at 24-19 Jackson Ave. and 45-03 23rd St. in the Court Square area, has not yet been determined. FXCollaborative designed the building, completion of which is slated for 2028.

June 12, 2025

Newer Posts

Older Posts