Saturday, February 7, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Property Type

Fairgrounds-Apartments-Rosenberg-Texas
DevelopmentMixed-UseTexas

Satya to Build 37-Acre Mixed-Use Project in Rosenberg, Texas

by Taylor Williams

ROSENBERG, TEXAS — Locally based developer Satya will build a mixed-use project on a 37-acre site within a Qualified Opportunity Zone in Rosenberg, a southwestern suburb of Houston. The project will consist of Fairgrounds Apartments, a 312-unit multifamily community complex situated on a 15-acre site, as well as retail and restaurant space on an adjoining 17-acre parcel. Tenants such as Arby’s, Starbucks, Whataburger, AutoZone and Harbor Freight have already committed to the latter portion of the project. Residential units will feature one-, two- and three-bedroom floor plans ranging in size from 670 to 1,500 square feet. Amenities will include a pool, playground, dog park, fitness center, golf simulator, beer garden and an Amazon package locker system. Garcia & Associates is the project architect. Construction is set to begin next summer and to be complete in the fourth quarter of 2023.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIndustrialKansasMidwest

Block Real Estate Services Breaks Ground on 200,000 SF Industrial Build-to-Suit for MSI in Lenexa, Kansas

by Kristin Harlow

LENEXA, KAN. — Block Real Estate Services LLC has broken ground on a roughly 200,000-square-foot industrial build-to-suit for MS International Inc. (MSI), a supplier of flooring, countertops, tile and hardscaping products, in Lenexa. The property will be located within Lenexa Logistics Centre, a Class A industrial park. The facility will feature nearly 195,000 square feet of warehouse space, 5,800 square feet of office space, 13 dock positions, 132 car parking spaces, 13 trailer parking spaces and a clear height of 32 feet. Future additions to the space will include a crane production area and a showroom. ARCO National Construction is serving as design-builder. John Stafford of Colliers represented MSI. Kenneth Block, Michael Block, Zach Hubbard, Andrew Block and William Block represented the developer on an internal basis.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMidwestMinnesotaOffice

Noteworthy Purchase: Schmitt Music Acquires 92,000 SF Office Building in Bloomington, Minnesota

by Kristin Harlow

BLOOMINGTON, MINN. — Schmitt Music has acquired a 92,000-square-foot office building in Bloomington for its new headquarters. The purchase price was undisclosed. Located at 7800 Picture Drive, about 12 miles south of Minneapolis, the property offers office, showroom and training space as well as an area for a repair center. Schmitt Music was formerly headquartered in Brooklyn Center. Dan Larew and Chris Hickok of JLL represented the seller, Shutterfly/Lifetouch.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIllinoisMidwestRetail

Cooper Group Brokers $8.1M Sale of Centennial Plaza Retail Center in Lemont, Illinois

by Kristin Harlow

LEMONT, ILL. — The Cooper Commercial Investment Group has brokered the sale of Centennial Plaza in the Chicago suburb of Lemont for $8.1 million. Jewel-Osco shadow-anchors the 38,500-square-foot retail center, which was 97 percent leased at the time of sale. Bob Havasi and Dan Cooper of Cooper Group represented the seller, a New Jersey-based private investment group. A California-based private group was the buyer. The asset traded at a cap rate of 7.4 percent.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIllinoisMidwestRestaurantRetail

Marcus & Millichap Arranges $4.9M Sale of Chipotle-Anchored Retail Strip Center in New Lenox, Illinois

by Kristin Harlow

NEW LENOX, ILL. — Marcus & Millichap has arranged the $4.9 million sale of a retail strip center in New Lenox, a southwest suburb of Chicago. A Chipotle restaurant with a drive-thru anchors the 9,907-square-foot property. Other tenants include MOD Pizza, Smoothie King, Classy Nails and Vino Gaming Wine Bar. Brian Parmacek of Marcus & Millichap represented the seller, a Chicago-based developer. The buyer was undisclosed.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityLee & AssociatesMidwestOfficeOhio

Lee & Associates Signs 13,904 SF Office Lease in Metro Cincinnati

by Kristin Harlow

BLUE ASH, OHIO — Lee & Associates | Cincinnati has signed a 13,904-square-foot office lease to occupy the entire second floor of 10260 Alliance Road in Blue Ash, a southern suburb of Cincinnati. Ohio National owns the property. Todd Pease and Michelle Klingenberg of JLL represented ownership in the lease transaction. Bill Schneller and Dan McDonald of Lee & Associates represented the tenant, which is relocating from 10123 Alliance Road and is expected to take occupancy of the new space in January.

Continue Reading
FacebookTwitterLinkedinEmail
Hutto-Memorial-Stadium
CivicDevelopmentTexas

Joeris General Contractors Completes Renovation of 10,000-Seat Stadium in Metro Austin

by Taylor Williams

HUTTO, TEXAS — Joeris General Contractors, in partnership with the Hutto Independent School District, has completed the renovation of Hutto Memorial Stadium, a 10,000-seat venue located north of Austin. The total project cost was approximately $18 million. Upgrades include a new visitors’ field house, new home and visitors’ concessions and restroom facilities, an enhanced LED video display board, multi-level press box and film deck and additional site improvements to support these facilities. VLK Architects designed the project.

Continue Reading
FacebookTwitterLinkedinEmail
LoansMultifamilyTexas

Ready Capital Closes Acquisition Loan for Dallas-Fort Worth Multifamily Portfolio

by Taylor Williams

NEW YORK CITY — New York City-based Ready Capital has closed a loan of an undisclosed amount for the acquisition, renovation and stabilization of a portfolio of five multifamily properties located throughout the Dallas-Fort Worth metroplex. Ready Capital closed the nonrecourse, interest-only loan, which carried a floating interest rate, 36-month term and two extension options, on behalf of the borrower, Dallas-based WindMass Capital. The names of the properties were not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
Department-of-Wonder-Sugar-Land
Leasing ActivityRetailTexas

Department of Wonder to Open 10,000 SF Entertainment Venue in Metro Houston

by Taylor Williams

SUGAR LAND, TEXAS — Department of Wonder, an entertainment concept that combines interactive theater with puzzle-solving and immersive technology, will open a 10,000-square-foot venue at Sugar Land Town Square on the southwestern outskirts of Houston. The opening of the flagship venue is slated for early 2022. Department of Wonder was created by a team of storytellers, technologists, designers and producers with decades of collective experience producing novel forms of digital and interactive entertainment.

Continue Reading
FacebookTwitterLinkedinEmail
Southpoint-at-Massapequa-Long-Island
AcquisitionsMultifamilyNew YorkNortheast

JLL Brokers Sale of 214-Unit Apartment Community in Massapequa, New York

by Taylor Williams

MASSAPEQUA, N.Y. — JLL has brokered the sale of Southpoint at Massapequa, a 214-unit apartment community on Long Island. Southpoint at Massapequa houses one-, two- and three-bedroom units that average 987 square feet. Select units feature stainless steel appliances, granite countertops, newly renovated kitchens and bathrooms and private balconies/patios. Amenities include a pool, fitness center, bark park and outdoor grilling stations. Steve Simonelli, Jose Cruz, Michael Oliver, Kevin O’Hearn, Andrew Scandalios and Josh Stein of JLL represented the seller, JRK Property Holdings, in the transaction. Fairfield Properties purchased the community for an undisclosed price. Thomas Didio, Jr., Gerard Quinn and Salvatore Buzzerio, also with JLL, arranged $77.3 million in Freddie Mac acquisition financing for the deal. The loan was structured with a fixed interest rate and a 15-year term.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts