Sunday, April 12, 2026
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DevelopmentIndustrialMassachusettsNortheast

NorthBridge Partners Breaks Ground on 396,375 SF Industrial Project in Boylston, Massachusetts

by Taylor Williams

BOYLSTON, MASS. — Massachusetts-based developer NorthBridge Partners has broken ground on a 396,375-square-foot industrial project that will be situated on a 55.5-acre site at 80 Pine Hill Drive in Boylston, located northeast of Worcester. Slated for a fourth-quarter delivery, the building will feature a clear height of 36 feet, 92 dock-high doors, 45 trailer parking stalls and 492 car parking spaces. Jeff Black, Sean Burke and Bryan Koop of Colliers arranged $38.7 million in construction financing for the project through Cambridge Savings Bank on behalf of NorthBridge Partners. Colliers has also been retained to lease the property.

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AcquisitionsIndustrialNew HampshireNortheastSelf-Storage

Marcus & Millichap Brokers Sale of 451-Unit Self-Storage Facility in Goffstown, New Hampshire

by Taylor Williams

GOFFSTOWN, N.H. — Marcus & Millichap has brokered the sale of Goffstown Back Road Self Storage, a 451-unit facility located on the western outskirts of Manchester. The property spans 65,700 net rentable square feet of space across 380 non-climate-controlled units and 71 climate-controlled units. Nathan Coe, Brett Hatcher and Gabriel Coe of Marcus & Millichap represented the undisclosed seller in the transaction. Thomas Shihadeh of Marcus & Millichap assisted in closing the deal as the broker of record. Additional terms of sale were not disclosed.

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AcquisitionsConnecticutNortheastOffice

Avison Young Completes Build-Out of Make-A-Wish Foundation’s Connecticut Office

by Taylor Williams

TRUMBULL, CONN. — Avison Young has completed the interior build-out of Make-A-Wish Foundation’s 15,000-square-foot office space in Trumbull, located in Fairfield County. The space at 56 Commerce Drive spans three stories. The project included renovating the lobby, communal areas and amenity spaces, as well as installing new utilities and elevators and adding a new experience floor, observation decks and patios for outdoor events. Avison Young also represented Make-A-Wish in its site selection and lease negotiations for the space.

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BuildingsC-D-Woodinville-WA
AcquisitionsIndustrialWashingtonWestern

Kidder Mathews Brokers $33.5M Sale of Two Buildings at Woodinville West Business Park in Washington

by Amy Works

WOODINVILLE, WASH. — Kidder Mathews has arranged the sale of Buildings C and D of Woodinville West Business Park, located at 16650 and 16750 Woodinville Redmond Road NE in Woodinville. A private investor acquired the assets from Woodinville West CD for $33.5 million. Buildings C and D are high-quality, concrete and steel-framed buildings totaling 122,750 square feet of industrial space. Zach Vall-Spinosa of Kidder Mathews represented the seller in the deal.

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Bluffs-Flagstaff-AZ
ArizonaDevelopmentMultifamilySeniors HousingWestern

Civitas Nears Completion of 212-Unit The Bluffs at Flagstaff Seniors Housing Community in Arizona

by Amy Works

FLAGSTAFF, ARIZ. — Fort Worth-based operator Civitas Senior Living is nearing completion of The Bluffs of Flagstaff, with a tentative opening date of April 2022. The Bluffs of Flagstaff is a 210,572-square-foot, three-story assisted living and four-story independent living campus. The property features 123 independent living, 64 assisted living and 25 memory care residences. Janet Mars will be executive director of the community. The architect is Kaas Wilson, contractor is Greenberg Construction and the designer is Senior By Design.

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The-Villages-Chandler-AZ
ArizonaBuild-to-RentDevelopmentLoansMultifamilySingle-Family RentalWestern

NorthMarq Arranges $22.4M Construction Financing for Build-to-Rent Community in Chandler, Arizona

by Amy Works

CHANDLER, ARIZ. — NorthMarq has arranged $22.4 million in non-recourse construction financing for Arizona-based TruVista Development for the development of The Villages at Chandler, a build-to-rent residential community in Chandler. Spanning 8.9 acres, the property will feature 109 units, averaging 886 square feet, in a mix of one- and two-bedroom craftsman, cottage and bungalow style units with private backyards. The gated community will also feature a central greenbelt, dog park, pool and residence club with an indoor amenity area.

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Serra-Medical-Plaza-Thousand-Oaks-CA
AcquisitionsCaliforniaHealthcareOfficeWestern

IRA Capital Acquires 13,000 SF Serra Medical Plaza in Thousand Oaks, California

by Amy Works

THOUSAND OAKS, CALIF. — IRA Capital has purchased Serra Medical Plaza, a two-story medical building in Thousand Oaks. Terms of the transaction were not released. The 13,000-square-foot asset was constructed in 2014 as a build-to-suit project for Thousand Oaks Surgery Center. A group of highly established physicians with more than 50 years of combined medical management and surgery center experience operates the property.

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AcquisitionsArizonaMultifamilyWestern

MJW Investments Divests of Thrive Tempe Apartment Complex in Arizona

by Amy Works

TEMPE, ARIZ. — MJW Investments has completed the sale of Thrive Tempe, a multifamily community located at 1137 and 1140 E. Orange St. in Tempe. Terms of the transaction were not released. Built in 1986, Thrive Tempe features 110 one- and two-bedroom apartments, two swimming pools, poolside cabanas, a resident clubhouse, barbecue grilling station with outdoor dining, three onsite laundry facilities and a pet park. Matt Pesch and Jeff Seaman of CBRE Phoenix Multifamily team handled the transaction.

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Finance InsightLoansMidwestMultifamilyNortheastSoutheastTexasVideoWestern

Multifamily Investment to Expand into Secondary, Tertiary Markets in 2022

by Sarah Daniels

  Surging payrolls, new household formations, growing barriers to homeownership and multifamily’s role as a hedge for inflation all helped fuel robust apartment fundamentals in 2021. With interest rates expected to rise in 2022, the question becomes: will the appetite for apartment investments remain strong for all types of investors and in which markets? Hilary Provinse, executive vice president and head of mortgage banking at Berkadia, says she sees many reasons to be enthusiastic about the opportunities in multifamily markets this year. “Fannie Mae and Freddie Mac will continue to set the standard for multifamily lending; however, strong life company, bank and debt fund appetites will compete heavily again in 2022. They will fill the needs not met by the government-sponsored enterprises (GSEs) or HUD.” When it comes to accelerating multifamily trends, Provinse sees an expansion in the scope of multifamily interest: “One of the trends we see accelerating (as a result of COVID) is increased investor demand in not only secondary markets, but even tertiary markets. This was a trend we had seen a decade ago, but now it’s on steroids.” “Because people can work from wherever now and because of more flexible work arrangements…we’ve seen this willingness to …

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AcquisitionsGeorgiaMultifamilyNew YorkNortheastSoutheastTop Stories

Blackstone Agrees to Acquire Preferred Apartment Communities for $5.8B

by Kristin Harlow

ATLANTA AND NEW YORK CITY — Blackstone Real Estate Income Trust Inc. (BREIT) has entered into a definitive agreement to acquire Preferred Apartment Communities Inc. (PAC) for approximately $5.8 billion. Under the terms of the agreement, BREIT will acquire all outstanding shares of PAC’s common stock for $25 per share in an all-cash transaction. PAC’s portfolio includes 44 multifamily communities totaling approximately 12,000 units concentrated largely in Atlanta, Orlando, Tampa, Jacksonville, Charlotte and Nashville, as well as 54 grocery-anchored retail assets comprising roughly 6 million square feet in Atlanta, Orlando, Nashville and Raleigh. BREIT will also acquire PAC’s two Sun Belt office properties and 10 mezzanine/preferred equity investments collateralized by new or under-construction multifamily assets. “Investing using BREIT’s perpetual capital will enable us to be long-term owners of these vibrant communities,” says Jacob Werner, co-head of Americas acquisitions for BREIT. “The company’s grocery-anchored retail portfolio performance has also been strong and resilient, and we believe these types of necessity-oriented assets located in areas with growing populations are well positioned for continued growth.” Joel Murphy, PAC’s chairman and CEO, says the transaction is an excellent outcome for shareholders and the culmination of efforts over the past few years to simplify and …

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