Property Type

Mapletree Begins Development of Two Industrial Facilities in Metro Chicago Totaling 461,406 SF

by Kristin Harlow October 31, 2025

BARTLETT AND JOLIET, ILL. — Mapletree Investments has broken ground on two industrial facilities in metro Chicago. The projects are located at 1360 Schiferl Road in Bartlett and 3600 Houbolt Road (formerly 23551 Vetter Road) in Joliet. Completion is slated for summer 2026. The Bartlett Commerce Center will total 149,100 square feet within the Brewster Creek Business Park. It will be located on an 8.2-acre parcel adjacent to Mapletree’s existing 400,000-square-foot warehouse. Plans call for a clear height of 36 feet, 42 dock doors, two drive-in doors and 181 car parking spaces. Morgan/Harbour Construction is the general contractor. Ryan O’Leary, Jonathan Postweiler and Jeff Fischer of KBC Advisors are overseeing leasing. Situated along the I-80 and I-55 interchange, the 18.1-acre project in Joliet provides direct connectivity to the Joliet Intermodal Center. Upon delivery, the 312,306-square-foot warehouse will meet LEED Silver standards and include a clear height of 40 feet, 59 dock doors, 76 trailer stalls and 204 parking stalls. Keeley Construction is the general contractor. Sean Henrick and Jason West of Cushman & Wakefield are overseeing leasing efforts.

October 31, 2025

Acquisitions Illinois Midwest Multifamily

Interra Realty Brokers Sale of 95-Unit Apartment Complex in Chicago’s Lakeview Neighborhood

by Kristin Harlow October 31, 2025

CHICAGO — Interra Realty has brokered the sale of Low-Line Commons, a 95-unit apartment complex in Chicago’s Lakeview neighborhood. Joe Smazal and Mark Dykstra of Interra represented the seller, a joint venture between Wildwood Investments and Contemporary Concepts, and the buyer, Highland Real Estate Partners. The building was 98 percent leased at the time of sale. Constructed in 2024, the property features amenities such as a lounge, coworking space, fitness center, storage lockers, a pickleball court and rooftop deck. Located on North Ashland Avenue, the asset features studio, one-, two- and three-bedroom units.

October 31, 2025

Acquisitions Midwest Multifamily Ohio

Marcus & Millichap Negotiates $2.9M Sale of Multifamily Property in Paulding, Ohio

by Kristin Harlow October 31, 2025

PAULDING, OHIO — Marcus & Millichap has negotiated the $2.9 million sale of Whispering Pines, a 48-unit multifamily property in Paulding, about 64 miles southwest of Toledo. All but one of the units are two-bedroom floor plans. The property also includes 67 self-storage units. Teddy Kenny, Aaron Kuroiwa and Austin Meeker of Marcus & Millichap represented the seller, Covington Properties LLC, and procured the buyer, Colarusso Properties LLC. The buyer plans to implement professional third-party property management and complete a value-add strategy by renovating unit interiors and improving operations at the property, which was built in 1989.

October 31, 2025

Affordable Housing Development Loans North Carolina Southeast

Annex Group to Develop $57M Affordable Housing Development in Charlotte

by Abby Cox October 31, 2025

CHARLOTTE, N.C. — The Annex Group has announced plans to develop a $57 million affordable housing community located at 5709 N. Tryon St. in Charlotte. Dubbed Central at Old Concord, the new community will be situated on 3.5 acres and will offer 200 apartments ranging in size from one- to three-bedroom floorplans. The apartments will be reserved for residents earning up to 70 percent of the area median income (AMI). Planned amenities for the five-story building will include a community room, playground, exercise room and a grilling area. Construction for Central at Old Concord is underway, with completion anticipated for summer 2027. Bank of America provided a $39 million construction loan and $23 million in federal equity for the project, while Stifel Public Finance underwrote $28.4 million in bonds provided by Inlivian, the City of Charlotte’s housing authority. The North Carolina Housing Finance Agency (NCHFA) allocated 4 percent tax credits and tax-exempt bonds, while the City of Charlotte provided more than $4 million in Housing Trust Funding (HTF). An additional $22 million in permanent financing was also provided. Partners on the project include Cline Design, McAdams, Shelter Investment Group, ECS Southeast LLP, August Mack Environmental, Capital Consultants, Drucker + Falk, DELCK Group LLC and Impact Housing Indiana Corp. Annex Group is also under construction on Union …

October 31, 2025

Florida Loans Multifamily Southeast

Newmark Secures $139M in Financing for Savio Luxury Apartment Community in Delray Beach, Florida

by Abby Cox October 31, 2025

DELRAY BEACH, FLA. — Newmark has secured a $139 million loan for the refinancing of Savio, a new, 420-unit luxury apartment community in Delray Beach, approximately eight miles north of Boca Raton. Jordan Roeschlaub, Nick Scribani, Daniel Matz, Max Ralby, Ricky Braha and Sam Speciale of Newmark arranged the financing through CIBC USA on behalf of the borrowers, 13th Floor Investments, Key International, Wexford Real Estate Investors and CDS International Holdings. Completed between 2024 and 2025, Savio offers a mix of townhomes and studio apartments, as well as one-, two- and three-bedroom layouts. Units range in size from 558 to 1,670 square feet, according to Apartments.com. Rental rates begin at $2,124. Amenities include a resort-style swimming pool and sundeck, a central park, clubhouse lounge, two-story fitness center with yoga and spin studios, coworking spaces and children’s indoor and outdoor play areas, as well as a walking trail.

October 31, 2025

Development Multifamily North Carolina Southeast

Dwight Mortgage Trust Provides $42.5M Construction Loan for New Build-to-Rent Community in Asheville

by Abby Cox October 31, 2025

ASHEVILLE, N.C. — Dwight Mortgage Trust, the affiliate REIT of Dwight Capital, has provided a $42.5 million construction loan for Old Charlotte Townhomes, a 133-unit build-to-rent (BTR) community in Asheville. Loan proceeds will fund land development, construction costs, community amenities and transaction expenses for the borrower, Golden Hour Collective. Old Charlotte Townhomes will comprise 119 three-bedroom and 14 four-bedroom residences averaging 1,836 square feet in size. Additionally, each unit will feature an attached garage. Community amenities will include a leasing office, clubhouse and a swimming pool, along with scenic views of the Blue Ridge Mountains. The project will be developed on 17 acres within a larger master-planned development that also features for-sale homes and a multifamily component.

October 31, 2025

Loans Multifamily North Carolina Southeast

BWE Arranges $37.8M in Acquisition Financing for Apartment Community in Metro Charlotte

by Abby Cox October 31, 2025

KANNAPOLIS, N.C. — BWE has arranged $37.8 million in acquisition financing for Graces Reserve, a 240-unit, garden-style apartment community located in Kannapolis, a suburb of Charlotte. Maxx Carney, Dan Rosenberg, Logan Petersmeyer and James Rogers of BWE originated the five-year loan through a life insurance company on behalf of Guardian Capital, a Chicago-based residential real estate owner and operator, and its partner, New York Life Real Estate Investors. In addition to acquiring the property, Guardian plans to execute a value-add strategy that will optimize the property’s performance. Built in 2021, Graces Reserve offers one-, two- and three-bedroom floorplans ranging in size from 785 to 1,060 square feet, according to Apartments.com. Amenities at the complex include a saltwater swimming pool, electric vehicle charging stations, parcel lockers, a package management system, fitness center and a pet park.

October 31, 2025

Acquisitions Florida Retail Southeast

Franklin Street Negotiates Sale of 34,460 SF Retail Center in Altamonte Springs, Florida

by Abby Cox October 31, 2025

ALTAMONTE SPRINGS, FLA. — Franklin Street has negotiated the sale of Shoppes at Brantley Hall, a 34,460-square-foot, unanchored retail center located in Altamonte Springs, roughly 16 miles outside Orlando. Last Mile Investments purchased the property from an entity doing business as REC I/Brantley Hall LP for an undisclosed price. Zack McNamara and Tyler Hicks of Franklin Street represented the buyer in the off-market transaction. Additionally, McNamara will also handle leasing efforts at the center on behalf of Last Mile Investments. Built in 1989, Shoppes at Brantley Hall was 97 percent leased at the time of sale to tenants including Pet Supplies Plus, Orlando Health, Edward Jones and Fiesta Azul Tequila House. Last Mile Investments plans to make upgrades and continue operating the center while “maintaining the asset’s strong tenant mix and stable performance.”

October 31, 2025

Acquisitions Development Georgia Mixed-Use Southeast Top Stories

Third & Urban, HighBrook Investors Acquire Corporate Square in Atlanta, Plan $605M Mixed-Use Redevelopment

by Abby Cox October 31, 2025

ATLANTA — A partnership between locally based real estate company Third & Urban and HighBrook Investors has acquired Corporate Square, a 30-acre office park in the Brookhaven area of Atlanta, with plans to redevelop the property into a $605 million mixed-use district. Patterson Real Estate Advisory Group arranged the financing for the acquisition. The project, dubbed Northbend, is moving forward after the partnership received approval to rezone the site as a master-planned development. Third & Urban is currently in the process of securing partnerships for the initial phases of vertical construction. Construction of Northbend, which is situated between Buford Highway and I-85 near the newly opened Children’s Healthcare of Atlanta Arthur M. Blank Hospital, is scheduled to commence in summer 2026. Eight obsolete office buildings will be demolished to allow for new infrastructure and improved road networks. According to the development team, Northbend is expected to generate $8.2 million in annual tax revenue for the city upon completion, while creating more than 400 construction jobs and over 300 permanent jobs. “Northbend will transform an outdated, underutilized office park into a vibrant gathering place for the Brookhaven community and beyond,” says Hank Farmer, partner at Third & Urban. “This redevelopment is a catalyst for …

October 31, 2025

Acquisitions Industrial Southeast Virginia

Crescent Communities Sells 500,000 SF Industrial Property in Metro Richmond to LaSalle

by John Nelson October 30, 2025

COLONIAL HEIGHTS, VA. — Charlotte-based Crescent Communities has sold AXIAL Gateway 95, an industrial property located at 16401 Walthall Industrial Parkway in Colonial Heights, a city near Richmond in Chesterfield County. The property spans more than 500,000 square feet and was fully leased at the time of sale to Hillphoenix, a subsidiary of Dover Food Retail and a leading manufacturer of commercial refrigeration systems. JLL represented Crescent Communities in the sale. LaSalle Investment Management purchased the asset for an undisclosed price. Hillphoenix’s investment at AXIAL Gateway 95 is expected to add more than 320 new jobs to the region. Financial partners for AXIAL Gateway 95 included Kyuden Urban Development America LLC, the U.S. subsidiary of Kyushu Electric Power Co. Inc. (equity) and Santander Bank (lender). The design-build team included DMA Architecture (architect), Timmons Group (civil engineer), KBD Group (general contractor) and JLL (leasing agent and capital markets advisor).

October 30, 2025

Newer Posts

Older Posts