Property Type

JLL Secures $99.3M Refinancing for 25 North Industrial Complex in Metro Denver

by Amy Works October 20, 2025

THORNTON, COLO. — JLL Capital Markets has secured $99.3 million in refinancing for 25 North, a Class A industrial complex in Thornton. Eric Tupler, John Rose and Emily Goldsberry of JLL worked on behalf of Sagard Real Estate, a subsidiary of the global alternative asset management platform Sagard, to secure a loan through a debt fund. Situated on 66.3 acres, the 936,775-square-foot industrial asset consists of nine buildings constructed between 2020 and 2024. The property features clear heights ranging from 28 feet to 32 feet, 205 dock-high doors, 34 drive-in doors and 1,770 parking spaces. The development offers flexible configurations with suite sizes ranging from 14,262 square feet to 135,000 square feet. The properties offer accommodations for both single and multi-tenant operations for warehouse, distribution and showroom uses.

October 20, 2025

Acquisitions Arizona Development Industrial Western

Conor Commercial, Globe Corp. Plan Four-Building Industrial Project in Phoenix

by Amy Works October 20, 2025

PHOENIX — Conor Commercial Real Estate, along with Globe Corp. as capital partner, has won the auction for a 40-acre parcel of land at East Deer Valley Drive and North 7th Street in Phoenix. Conor won the land site with a $24.7 million bid. The company plans to develop a 453,708-square-foot industrial project with four buildings ranging from 88,512 square feet to 167,040 square feet. The buildings will be designed for light distribution, assembly or advanced manufacturing with 32- to 36-foot clear heights, a minimum of 3,000-amp electrical service for each building, oversized drive-in doors and abundant employee parking. Construction is slated to begin in early second-quarter 2026 with completion planned for late in the second quarter of 2027. McShane Construction Co. and Ware Malcomb will provide design-build services and Kimley-Horn will provide civil engineering services for the project.

October 20, 2025

Arizona Development Healthcare Western

Irgens Breaks Ground on Two-Phase Cielo Vista Medical Commons in Peoria, Arizona

by Amy Works October 20, 2025

PEORIA, ARIZ. — Irgens has broken ground on Cielo Vista Medical Commons, a two-phased medical office building development at 26425 N. Lake Pleasant Parkway in Peoria. The project will deliver up to 80,000 square feet of rentable space across two buildings on 6.6 acres. Sheila Bale and Erika Eckblad of Cushman & Wakefield are marketing the property for lease. Phase I will include the Lake Building, a single-story, 30,178-square-foot, multi-tenant medical office building with adjacent parking and site infrastructure. Completion is slated for June 2026. Phase II will feature the Summit Building, a two-story, 50,000-square-foot multi-tenant office building equipped with a gurney-sized elevator and additional parking. Delivered in shell condition, both buildings will feature brick masonry facades, flexible floor plates and state-of-the-art HVAC systems.

October 20, 2025

Acquisitions Multifamily Nevada Western

Northcap Commercial Arranges Sale of 164-Unit Woodridge Villas Apartments in Las Vegas

by Amy Works October 20, 2025

LAS VEGAS — Northcap Commercial has brokered the sale of Woodridge Villas Apartments at 1591 Chartered Circle in Las Vegas. The asset traded for $17.7 million, or $108,232 per unit. Built in 1988, the property offers 164 apartments. Robin Willett, Devin Lee and Jerad Roberts of Northcap Commercial represented the seller and procured the buyer in the deal.

October 20, 2025

Acquisitions Arizona Office Western

Bell Bank Acquires 37,495 SF Office Property in Scottsdale, Arizona

by Amy Works October 20, 2025

SCOTTSDALE, ARIZ. — Bell Bank has purchased a 37,495-square-foot office building at 14631 N. Scottsdale Road in Scottsdale. A private seller sold the asset for $10.3 million. Situated on 112,000 square feet of land, the property is currently 84.5 percent leased. Bell Bank intends to occupy the building and expand its footprint over time as space becomes available. Geoffrey Turbow of CBRE, in collaboration with Shay Bolton and Kirill Azovtsev of Savills, represented the seller in the deal.

October 20, 2025

Acquisitions Office Southeast Tennessee

Shorenstein Purchases 20-Story Office Tower in Nashville’s Gulch District

by John Nelson October 20, 2025

NASHVILLE, TENN. — San Francisco-based Shorenstein Investment Advisers has purchased 1222 Demonbreun, a 20-story, Class A office tower located in Nashville’s Gulch district. The 330,474-square-foot property was 97 percent leased at the time of sale and represents Phase I of the Gulch Union mixed-use development. The seller and sales price were not disclosed, but the property was delivered in 2020 by a joint venture between Austin-based Endeavor Real Estate Group and Dallas-based Granite Properties. 1222 Demonbreun’s amenities include an indoor-outdoor sky lounge, 48-seat training room, fitness center, micro-market and more than 900 covered parking spaces.

October 20, 2025

Development Multifamily North Carolina Southeast

Alliance Residential to Develop 270-Unit Broadstone RTP Apartments in Durham

by John Nelson October 20, 2025

DURHAM, N.C. — Arizona-based Alliance Residential Co. has acquired approximately 14 acres of land in Durham for Broadstone RTP, a 270-unit project about four miles north of Research Triangle Park. The site is located at 2610 S. Miami Blvd. The project’s Raleigh-based team includes McAdams Co. (civil engineering), Cline Design (architecture) and MAD Studio Interiors (interior design). Broadstone RTP will include one three-story residential building, three four-story residential buildings and a freestanding clubhouse. Units will feature granite countertops, stainless steel appliances, wood-style flooring, walk-in closets and full-sized washers and dryers. Amenities include a clubhouse with a leasing center, private offices for residents, a 24-hour fitness center and a mailroom equipped with secure package lockers. Residents will also have access to a resort-style pool, an outdoor kitchen and grilling area and a dog park. Completion is slated for late 2026.

October 20, 2025

Acquisitions Multifamily North Carolina Seniors Housing Southeast

Principal Asset Management Acquires Two Active Adult Communities in Raleigh-Durham Totaling 373 Units

by John Nelson October 20, 2025

MORRISVILLE AND CHAPEL HILL, N.C. — Principal Asset Management has acquired two active adult communities in the Raleigh-Durham region totaling 373 units. The properties include Overture Cary, located at 1055 Hatches Pond Lane in Morrisville, and Overture Chapel Hill, situated near the Highway 54 and I-40 interchange and the University of North Carolina at Chapel Hill. The communities were developed in 2021 and 2020, respectively, and stand at five stories. The seller and sales price were not released.

October 20, 2025

Acquisitions Florida Seniors Housing Southeast

Fortress Investment Group Sells Two Florida Seniors Housing Communities Totaling 178 Units

by John Nelson October 20, 2025

BOCA RATON AND VERO BEACH, FLA. — Funds managed by affiliates of Fortress Investment Group have sold two seniors housing communities located in Florida. Totaling 178 units, the communities include Sonata Boca Raton and Sonata Vero Beach. JLL Capital Markets brokered the sale on behalf of the seller. Agewell Solvere Living will remain in place as the operator at both communities. The buyer and sales price were not disclosed.

October 20, 2025

Acquisitions Florida Industrial Southeast

Simi Capital Group Buys 75,000 SF Industrial Property in Jacksonville

by John Nelson October 20, 2025

JACKSONVILLE, FLA. — Miami-based Simi Capital Group has purchased a 75,000-square-foot industrial property located at 4549 St. Augustine Road in Jacksonville. The seller was a family entity that owned the property for more than 50 years. The sales price was not disclosed. Simi Capital Group is repositioning the asset into a small bay industrial park with modern suites ranging in size from 1,500 to 4,500 square feet. Upgrades will include upgraded offices, LED lighting, exterior finishes and a fully secured site with an automated gate and 24/7 camera surveillance. The park was originally developed in 1973, according to LoopNet Inc.

October 20, 2025

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