Property Type

Cinespace Studios Opens New Soundstage Campus in Los Angeles

by John Nelson March 3, 2026

LOS ANGELES — Cinespace Studios, an owner-operator of soundstage facilities for the TV and film industry, has opened a new soundstage campus in Los Angeles. Situated in the Woodland Hills neighborhood, the new campus represents the sixth production hub worldwide for Cinespace, joining existing facilities in Atlanta; Chicago; Potsdam, Germany; Toronto; and Wilmington, N.C. “Los Angeles is where this industry was built, and where its future continues to be shaped,” says Eoin Egan, co-CEO of Cinespace Studios. “Opening a campus here has always been part of our long-term vision. While the market is navigating a period of transition, we believe deeply in the resilience of this city, the talent that defines it and the enduring demand for world-class production infrastructure.” Cinespace Studios Los Angeles comprises six 18,000-square-foot soundstages with 30-foot clear heights, as well as 72,000 square feet of production offices and additional ancillary spaces. A ribbon-cutting ceremony was held yesterday with members of Cinespace Studios, Los Angeles Mayor Karen Bass and representatives from the California Governor’s office in attendance. The new campus is opening with an active production already underway — a thriller movie called “Nightwatching” — underscoring early demand for the new stages. “This campus clearly understands what productions …

March 3, 2026

Loans Multifamily Texas

Berkadia Arranges $47M Loan for Refinancing of North Austin Apartments

by Taylor Williams March 2, 2026

AUSTIN, TEXAS — Berkadia has arranged a $47 million loan for the refinancing of 1900 Parmer, a 364-unit apartment community in North Austin. Developed in 2024, the property offers studio, one- and two-bedroom units that range in size from 458 to 1,270 square feet. Amenities include two pools with cabanas, a fitness center with dedicated spin and yoga studios, a lounge, package lockers and a demonstration kitchen featuring a kegerator and a billiards table. Mitch Sinberg, Scott Wadler, Brad Williamson, Matt Robbins and Patrick Johnson of Berkadia place the loan through MF1 Capital on behalf of the owner, California-based Griffin Capital.

March 2, 2026

Acquisitions Multifamily Student Housing Texas

Landmark Properties Buys 732-Bed Student Housing Property in Lubbock, Texas

by Taylor Williams March 2, 2026

LUBBOCK, TEXAS — Landmark Properties, a Georgia-based student housing owner-operator, has purchased Park East, a 732-bed for students at Texas Tech University in Lubbock. Developed in 2016, the two-building development offers 219 units and amenities such as a coffee bar, resident lounge, fitness center, pool, study rooms, grilling areas, a putting green and bocce ball and sand volleyball courts. CBRE arranged the sale of the property on behalf of the undisclosed seller. TSB Capital Advisors arranged acquisition financing for the deal on behalf of Landmark.

March 2, 2026

Acquisitions Development Retail Texas

Asana Partners Acquires 197,105 SF Shopping Center in Austin, Plans Renovation

by Taylor Williams March 2, 2026

AUSTIN, TEXAS — Charlotte-based investment and development firm Asana Partners has acquired The Arboretum, a roughly 197,105-square-foot shopping center in the Great Hills neighborhood of Austin, with plans to renovate the property. Tenants include Amy’s Ice Creams, Ballard Designs, Chico’s, Lovesac, Pottery Barn, Cava, Teapioca Lounge, Soma and Hanara Sushi & Grill. Asana plans to reconfigure commons areas to support live music and pop-up retail, establish new patios for outdoor dining and replace storefront signage. Sitework for the renovation will begin this summer. Completion is slated for early 2027.

March 2, 2026

Leasing Activity Office Texas

UBS Signs 26,537 SF Office Lease at 23Springs in Uptown Dallas

by Taylor Williams March 2, 2026

DALLAS — UBS has signed a 26,537-square-foot office lease at 23Springs, a newly constructed office building in Uptown Dallas. The global wealth manager will occupy the entire 20th floor of the 26-story building and plans to take occupancy this summer. Robert Jimenez, Burson Holman and Elizabeth Fortado represented the landlord, Dallas-based Granite Properties, in the lease negotiations on an internal basis. Robby Baty and Bill McClung of Cushman & Wakefield represented UBS.

March 2, 2026

Development Industrial Nevada Western

EBS Realty Breaks Ground on 1.3 MSF Apex Ridge Logistics Park in North Las Vegas

by Amy Works March 2, 2026

NORTH LAS VEGAS, NEV. — EBS Realty, along with its investment partner Penwood Real Estate Investment Management, has broken ground on Apex Ridge Logistics Park, a speculative campus in North Las Vegas. Totaling more than 1.3 million square feet on 90 acres, the asset will feature a 755,628-square-foot building and a 602,377-square-foot building. Situated within the Apex/North Las Vegas submarket, the buildings will offer flexible designs to cater to a variety of users, including e-commerce, manufacturing and distribution.

March 2, 2026

Acquisitions California Hospitality Western

Warren Resort Hotels Buys Franciscan Inn & Suites in Santa Barbara, California for $22.5M

by Amy Works March 2, 2026

SANTA BARBARA, CALIF. — Warren Resort Hotels has acquired the Franciscan Inn & Suites, a boutique hotel in Santa Barbara’s West Beach district, from Ed St. George for $22.5 million, or $424,528 per key. Developed in the mid-20th century, Franciscan Inn & Suites features 53 guest rooms and suites, a pool, landscaped courtyard and dedicated parking. The property is walkable to both West and East beaches, Santa Barbara Harbor, Stearns Wharf, State Street and Funk Zone, an arts, dining and industrial district. Austin Herlihy, Chris Parker, Miles Waters, Mike Lopus and Mike Chung of Colliers, in partnership with Steve Golis of Radius, marketed the asset and led the disposition and acquisition processes for both parties.

March 2, 2026

Acquisitions California Multifamily Western

Kidder Mathews Arranges $14.7M Sale of Multifamily Property in Downtown Los Angeles

by Amy Works March 2, 2026

LOS ANGELES — Kidder Mathews has brokered the $14.7 million sale of The Judson, a historic multifamily property in downtown Los Angeles. Darin Beebower and Dakoda Iversen of Kidder Mathews represented the undisclosed seller in the deal. The name of the buyer was not released. Located at 424 S. Broadway, The Judson features 60 apartments. Originally constructed in 1906, the property underwent an $11 million gut renovation, adaptive reuse and restoration led by David Lawrence Gray Architects that transformed the obsolete office building into loft-style residences. The renovation included full replacement of all electrical, mechanical and plumbing systems, upgraded seismic retrofitting and the addition of air conditioning, new decks and a rooftop spa and garden.

March 2, 2026

Acquisitions Arizona Healthcare Western

JLL Brokers Sales of Two Medical Office Buildings in Scottsdale, Arizona

by Amy Works March 2, 2026

SCOTTSDALE, ARIZ. — JLL Capital Markets has arranged the sales of Pima I and Pima II, two medical office buildings in Scottsdale. Cypress West Partners acquired Pima I, and a private investor purchased Pima II. Terms of the transactions were not released. The assets are situated on 14.6 acres at 8415 N. Pima Road and 8466 N. Pima Road. Pima I is a two-story, 91,212-square-foot medical building that is 92 percent leased to national, regional and local medical users providing a range of specialties, including ambulatory surgery. Pima II is a vacant, two-story medical and/or professional building totaling 89,983 square feet. The property was formerly the headquarters of Rural Metro Fire. JLL’s Medical Properties Group, in collaboration with the local office, represented the undisclosed seller and procured the two separate buyers.

March 2, 2026

Development Multifamily New York Northeast Office

GFP Receives $191.5M in Financing for Office-to-Residential Conversion Project in Lower Manhattan

by Taylor Williams March 2, 2026

NEW YORK CITY — GFP Real Estate has received $191.5 million in financing for the office-to-residential conversion of 40 Exchange Place, a historic 300,000-square-foot building in Lower Manhattan’s Financial District. Upon completion, the 20-story converted building will include 382 affordable and market-rate apartments, as well as ground-floor retail space. In addition to the loan, the project will be backed by federal and state historic rehabilitation tax credits as well as a 35-year 457-m tax abatement, a New York City incentive designed to support office-to-residential conversions. Jordan Roeschlaub, Chris Kramer and Tim Polglase of Newmark arranged the financing through Derby Lane. A construction timeline was not announced.

March 2, 2026

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