Thursday, May 14, 2026
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Courtyard-Emerald-Heights-Redmond-WA
DevelopmentMultifamilySeniors HousingWashingtonWestern

Emerald Communities Starts Expansion Project at Emerald Heights CCRC in Redmond, Washington

by Amy Works

REDMOND, WASH. — Emerald Communities has started construction of an expansion project at Emerald Heights, a continuing care retirement community (CCRC) in the Seattle suburb of Redmond. The new building, named Courtyard, will rise three stories and feature 42 independent living units ranging in size from 826 square feet to 1,726 square feet. Dean Kelly of the architecture firm Rice Fergus Miller, who worked on Emerald Heights’ previous expansion in 2014, led the design of the new building. The Courtyard will total 70,638 square feet plus a 35,703-square-foot underground parking structure. GLY Construction is building the expansion, which is scheduled for completion in late 2023.

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AcquisitionsColoradoMultifamilyWestern

Berkadia Brokers $21.2M Sale of Multifamily Property in Denver

by Amy Works

DENVER — Berkadia has arranged the sale of 757 Grant, an apartment building in Denver. Colorado-based LCP Development sold the asset to California-based Cohen Rojas Capital Partners for $21.2 million. Nick Steele, John Laratta, Tyler King and Nat Moyer of Berkadia Denver represented the seller in the deal. Located at 757 Grant St., the property features 68 studio floor plans with in-unit washers/dryers and walk-in closets. Community amenities include a fitness center and rooftop terrace.

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Harmony-Hills-Lehi-UT
AcquisitionsMultifamilySeniors HousingUtahWestern

SLIB Negotiates Sale of 62-Unit Harmony Hills Seniors Housing Project in Lehi, Utah

by Amy Works

LEHI, UTAH — Senior Living Investment Brokerage (SLIB) has arranged the sale of Harmony Hills, a 62-unit assisted living facility in Lehi, located on the north bank of Utah Lake between Salt Lake City and Provo. The community was built in 2016, totaling approximately 46,000 square feet on 1.5 acres of land. The property was vacant at the time of sale. The seller was a Utah-based developer looking to exit the industry. The buyer is a Utah-based skilled nursing and short-term rehab owner-operator expanding its portfolio into assisted living. The price was not disclosed. Jason Punzel, Brad Goodsell and Vince Viverito of SLIB handled the transaction.

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Stonefield-35-Buda
DevelopmentIndustrialTexas

EastGroup Properties Begins Construction on 275,559 SF Industrial Project in Buda, Texas

by Taylor Williams

BUDA, TEXAS — Mississippi-based developer EastGroup Properties has begun construction on Stonefield 35, a 275,559-square-foot industrial project in Buda, located south of Austin. The three-building facility will be situated on 21 acres and will be able to accommodate single or multiple users. Building features will include 28-foot clear heights, 180-foot truck court depths, ESFR sprinkler systems and ample car parking. Pross Design Group is the project architect, and RC Page Construction is the general contractor. Transwestern is the leasing agent. Completion is slated for mid-2023.

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AcquisitionsMultifamilyTexas

Marcus & Millichap Brokers $58.9M Sale of Three Metroplex Multifamily Properties

by Taylor Williams

LANCASTER, DALLAS AND FORT WORTH, TEXAS — Marcus & Millichap has brokered the sale of three multifamily properties totaling 411 units that are located throughout the Dallas-Fort Worth (DFW) metroplex for a combined price of $58.9 million. The properties include The Meadows, a 120-unit asset in the southern Dallas suburb of Lancaster that was built in 1981; Newport Landing, a 185-unit property in the Lake Highlands area of Dallas that was constructed in 1971; and Monterrey, a 106-unit complex in Fort Worth that was completed in 1969. Al Silva and Ford Braly of Marcus & Millichap represented the buyers and sellers, all of which requested anonymity, in the three separate transactions.

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IndustrialLeasing ActivitySouth CarolinaSoutheast

Pet Supplies Plus Signs 534,702 SF Industrial Lease in Orangeburg, South Carolina

by John Nelson

ORANGEBURG, S.C. — Pet Supplies Plus, a pet food retail chain based in Michigan, has fully leased a newly built, 534,702-square-foot industrial facility located within Shamrock Commerce Park in Orangeburg. NAI Earle Furman represented the landlord, Appian Investments, in the lease transaction. Pet Supplies Plus’ $53 million investment is expected to create 275 new jobs. Operations at the new distribution center are expected to begin in early 2023. The new facility is the fourth U.S. distribution center for Pet Supplies Plus, which operates 630 stores across 40 states. Appian’s project partners include Pacolet Milliken and Jim Roquemore.

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AcquisitionsIndustrialTexas

GID Acquires 62,496 SF Warehouse Near Austin-Bergstrom International Airport

by Taylor Williams

AUSTIN, TEXAS — National investment firm GID has acquired a 62,496-square-foot warehouse located at 4201 Supply Court, about one mile west of Austin-Bergstrom International Airport. The rear-load facility features 28-foot clear heights, 10 dock-high doors, two drive-in doors and three suites averaging 20,000 square feet. The seller and sales price were not disclosed.

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DevelopmentFloridaIndustrialSoutheast

Rooker Breaks Ground on 187,000 SF Industrial Building in Wesley Chapel, Florida

by John Nelson

WESLEY CHAPEL, FLA. — Rooker has begun construction on a 187,000-square-foot, Class A industrial building located at 7526 Old Pasco Road in Wesley Chapel. The facility is Building 1 within North Tampa Bay 75 Business Center, an 85-acre industrial park in metro Tampa located near a new I-75 interchange. North Tampa Bay 75 Business Center can accommodate up to 850,000 square feet of Class A industrial space across four buildings, according to Rooker. The Atlanta-based developer expects to complete construction on Building 1 in the first quarter of 2023. Rick Narkiewicz of Newmark is marketing the project for lease. The design-building team includes civil engineer Coastal Design, architectural firm Pieper O’Brien Herr Architects and general contractor Itasca Construction.

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DevelopmentFloridaLoansOfficeSoutheast

Berkadia Arranges $11M Construction Loan for Boutique Office Conversion Project in Miami

by John Nelson

MIAMI — Berkadia has arranged an $11 million construction loan for the redevelopment of Wyncatcher, a former warehouse in Miami’s Wynwood district that was converted into a boutique office property. Knotel, a flexible workspace platform founded in 2015, is slated to occupy the entire 46,072-square-foot property located at 2143 Northwest 1st Ave. Scott Wadler and Mike Basinski of Berkadia’s Miami office secured the financing on behalf of Morabito Properties, a real estate developer based in Miami Beach. Banesco provided the eight-year loan, which features two years of interest-only payments and a fixed interest rate. Morabito has the option to convert the financing to a mini-perm loan for an additional five years. Designed by Arquitectonica, Wyncatcher features double-height, industrial-style windows, a rooftop terrace with views of the neighborhood and over 12,000 square feet of indoor and outdoor restaurant space.

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AcquisitionsIllinoisMidwestRetail

Edgemark Brokers Sale of 217,887 SF Former Department Store Building in Lombard, Illinois

by Kristin Harlow

LOMBARD, ILL. — Edgemark Commercial Real Estate Services LLC has brokered the sale of a 217,887-square-foot retail building formerly occupied by Carson Pirie Scott in Lombard, a western suburb of Chicago. The sales price was undisclosed. The three-story property is part of the Yorktown Center Shopping Mall. Mike Wesley and Joanne Sutryk of Edgemark represented the seller, an entity doing business as GMAC 2004-C1 Yorktown Mall LLC. A joint venture between Pacific Retail Capital Partners and Synergy Construction Group LLC purchased the building with plans to redevelop it into multifamily, retail and green space. Construction on the two-phase project is slated to begin in spring 2023 with completion of Phase I anticipated for spring 2025. The project is subject to final planning review by the Village of Lombard.

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