Thursday, September 10, 2026
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CivicDevelopmentMidwestWisconsin

Kraus-Anderson Completes $13.5M Expansion to St. Croix Falls High School in Wisconsin

by Kristin Harlow

ST. CROIX FALLS, WIS. — Kraus-Anderson Construction has completed a $13.5 million expansion project at St. Croix Falls High School in western Wisconsin. Designed by DSGW, the 28,300-square-foot project consisted of three separate additions to the school. The first component was a 21,100-square-foot fine arts center, which will host theatrical productions, musicals and concerts as well as serve as a large group learning space. The second component was a 6,400-square-foot fitness center and the third was a 300-square-foot wash bay addition to the existing garage.

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AcquisitionsIllinoisMidwestMultifamily

Interra Negotiates $4.1M Condo Deconversion Sale in Arlington Heights, Illinois

by Kristin Harlow

ARLINGTON HEIGHTS, ILL. — Interra Realty has negotiated the $4.1 million condo deconversion sale of a 34-unit property in Arlington Heights. Built in 1970, the property on North Salem Avenue comprises 30 one-bedroom units and four two-bedroom units. Patrick Kennelly and Paul Waterloo of Interra represented the seller, the Salem Lane Condominium Association. The duo also represented the undisclosed buyer. The condo owners were interested in selling the property to avoid a potential special assessment due to deferred maintenance, according to Interra. The new owner plans to make repairs to the balconies and upgrade units as they turn over. Under the Condominium Property Act in Illinois, condo unit owners can elect to sell a property if 75 percent or more are in agreement. The threshold is 85 percent for the City of Chicago. Sellers then have the option to either move out of their units or lease them back from the new owner.

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AcquisitionsIndustrialMidwestWisconsin

Founders 3 Brokers Sale of Two Industrial Buildings in Menomonee Falls, Wisconsin

by Kristin Harlow

MENOMONEE FALLS, WIS. — Founders 3 Real Estate Services has brokered the sale of two industrial buildings totaling 75,163 square feet in Menomonee Falls, a northwest suburb of Milwaukee. The sales price was undisclosed. Bob Flood of Founders 3 represented the seller, Kohl’s Inc. Flood will market the properties for lease or sale on behalf of the buyer, Luther Group.

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Parkwood-Terrace-Round-Rock
AcquisitionsMultifamilyTexas

IPA Negotiates Sale of 144-Unit Parkwood Terrace Apartments in Metro Austin

by Taylor Williams

ROUND ROCK, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of Parkwood Terrace, a 144-unit apartment complex located in the northern Austin suburb of Round Rock. Built in 2000, the property offers one-, two- and three-bedroom units. Jordan Featherston, Kent Myers and Will Balthrope of IPA represented the seller, Los Angeles-based Langdon Street Capital, and procured the buyer, The Medve Group, in the transaction.

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Mason-Point-Shopping-Center-Katy
AcquisitionsRetailTexas

Partners Buys 99,001 SF Mason Point Shopping Center in Katy, Texas

by Taylor Williams

KATY, TEXAS — Partners, the Houston-based investment and brokerage firm formerly known as NAI Partners, has purchased Mason Point Shopping Center, a 99,001-square-foot retail property located on the western outskirts of Houston in Katy. Charlie Strauss of JLL represented the undisclosed seller in the transaction. Origin Bank provided acquisition financing. The property was 90 percent leased at the time of sale to tenants such as Maaco, CSDS Vinyl and Rosa’s Pizza.

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Leasing ActivityRetailTexas

Academy Sports + Outdoors Opens 50,000 SF Store in Houston

by Taylor Williams

HOUSTON — Academy Sports + Outdoors has opened a 50,000-square-foot store at 8715 W. Loop S in Houston. The location in the city’s historic Meyerland neighborhood marks the 33rd in the greater Houston area and 107th in Texas for the locally based athletic equipment and apparel retailer. Academy also plans to open 80 to 100 new stores nationwide over the next five years.

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200-Spring-Garden-Philadelphia
DevelopmentMultifamilyNortheastPennsylvania

National Real Estate, KRE Group Break Ground on 360-Unit Multifamily Project in Philadelphia

by Taylor Williams

PHILADELPHIA — A partnership between National Real Estate Development (NRED) and New Jersey-based Kushner Real Estate Group has broken ground on 200 Spring Garden, a 360-unit multifamily project in Philadelphia’s Northern Liberties neighborhood. Designed by Handel Architects, the 13-story building will house Class A amenities, including a pool and a two-story fitness center, as well as retail and public green space. A tentative completion date was not disclosed.

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40-Danbury-Road-Wilton-Connecticut
AcquisitionsConnecticutNortheastOffice

CBRE Brokers Sale of 161,222 SF Office Building in Wilton, Connecticut

by Taylor Williams

WILTON, CONN. — CBRE has brokered the sale of a 161,222-square-foot office building in Wilton, located in Fairfield County. The property, which is located within a larger, four-building office park, was 42 percent leased at the time of sale. Amenities include a fitness center, basketball and tennis courts, café and a conference center. Jeffrey Dunne, Steven Bardsley and Travis Langer of CBRE represented the seller, an entity doing business as Wilton 40/60 LLC, in the transaction. The team also procured the buyer, an entity managed by Northpath Investments, which acquired the asset for an undisclosed price.

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DevelopmentMassachusettsMultifamilyNortheast

Partnership Breaks Ground on 114-Unit Multifamily Project in Revere, Massachusetts

by Taylor Williams

REVERE, MASS. — A joint venture between two locally based firms, Helge Capital and Gansett Ventures, has broken ground on SORA, a 114-unit multifamily project located east of Boston in Revere. The seven-story building will house one- and two-bedroom units as well as ground-floor retail space. Embarc Design is the project architect, and Rubicon is serving as the general contractor. Completion is slated for fall 2024.

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Affordable HousingDevelopmentMultifamilyNew JerseyNortheastSeniors Housing

Alpert Group Begins Construction on 40-Unit Affordable Seniors Housing Community in Teaneck, New Jersey

by Taylor Williams

TEANECK, N.J. — The Alpert Group, along with its nonprofit partner Geriatric Services Inc., has begun construction on a 40-unit affordable seniors housing community in the Northern New Jersey community of Teaneck. The site of the five-story building, which will primarily offer one-bedroom units for renters over age 62 that meet certain income requirements, currently houses a vacant municipal facility. Completion is slated for late 2023.

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