Property Type

Krusinski Construction Breaks Ground on 5,000 SF Wintrust Community Bank Branch in St. John, Indiana

by Kristin Harlow April 2, 2026

ST. JOHN, IND. — Krusinski Construction Co. has broken ground on a new two-story, 5,000-square-foot banking center for Wintrust Community Bank in St. John within northwest Indiana. The bank branch will provide retail, business and mortgage banking services with a drive-thru. For more than 30 years, Wintrust has served communities across Illinois, Indiana, Michigan, Wisconsin and Florida. Completion is slated for August. The project team includes Grund & Riesterer as architect, DVG Team Inc. as civil engineer, The Structural Shop as structural engineer and W.T. Engineering Inc. as mechanical, electrical and plumbing engineer.

April 2, 2026

Illinois Market Reports Midwest Midwest Market Reports Multifamily

Chicago Market Is Steadfast on the Performance Leaderboard

by Kristin Harlow April 2, 2026

By Shubhra Jha, Standard Real Estate Investments Chicago was not on many investors’ bingo cards. However, consistently popping up in the top five apartment markets nationwide for rent growth and occupancy outperformance is changing that perception. Metro Chicago boasts relative affordability compared with its coastal counterparts, a range of job opportunities at all skill levels and the ongoing need for attainable housing. These factors create a multifamily investment landscape poised to deliver steady, long-term returns driven by resilient and stable demand. Economy, affordability Chicago is a diversified and consistent economic powerhouse, counted as the third largest major metro area in the United States and the largest non-coastal city. Its geographic location in America’s heartland combined with its historic strength in a wide array of sectors ranging from agriculture/food processing and finance/commodities trading to manufacturing, transportation/logistics and education play an important role in the metro’s resilience throughout economic cycles. Notably, there is no singular industry dominating the economy. Looking ahead, sizeable investments in quantum computing, life sciences and fintech will build on Chicago’s historic advantages in finance, trading and education. Despite its diversified and steadily expanding economic base, Chicago remains an affordable city for its residents. Median home prices in the …

April 2, 2026

Acquisitions Florida Retail Southeast Top Stories

Joint Venture Acquires 300,000 SF Retail District at $6B Miami Mixed-Use Development

by Hayden Spiess April 2, 2026

MIAMI — A joint venture comprising affiliates of the Falcone Group, ROK Acquisitions, Andre Mirmelli, The Davis Cos. and Jamestown has acquired a retail and entertainment district situated within Miami Worldcenter, a new $6 billion mixed-use destination in downtown Miami. The seller was master development group Miami Worldcenter Associates, which is a partnership between Falcone Group, Nitin Motwani and CIM Group. The sale price was not disclosed. Totaling 300,000 square feet of retail, dining and entertainment space with 100,000 square feet of parks and plazas, the acquired property will be operated by Falcone Group, along with ROK Acquisitions and Andrew Mirmelli. Davis Cos. and Jamestown will serve as limited partners. Tenants within the retail district include a flagship Apple store, Sephora, lululemon, Ray-Ban, Lucid Motors, Free People, Savage X Fenty, Posman Books, HŸP Sneakers & Streetwear, Timeluxe, Openbank by Santander, SkinSpirit, Blo Blow Dry Bar and Club Studio. Food-and-beverage offerings include Maple & Ash, Eight Bar, Sixty Vines, Earls Kitchen + Bar, Sweet Paris Crêperie & Café, Serafina, Go Greek Yogurt and Starbucks Coffee. Entertainment venues include Lucky Strike Bowling and the Museum of Ice Cream. “By combining continuity of vision with additional institutional capital, strategic oversight and operational discipline, …

April 2, 2026

Acquisitions Multifamily Texas

JLL Negotiates Sale of 342-Unit Apartment Community in El Paso

by Taylor Williams April 1, 2026

EL PASO, TEXAS — JLL has negotiated the sale of Forty649 North Hills, a 342-unit apartment community in El Paso. Built on 17.7 acres in 2009 on the city’s northeast side, the property comprises 42 two-story buildings that house one-, two- and three-bedroom units with an average unit size of 897 square feet. Amenities include a pool, fitness center, clubhouse and a dog park. Steven Hahn Jr., Art Barnes and William Jennings of JLL represented the seller, Hamilton Point Investments, in the transaction. The buyer and sales price were not disclosed.

April 1, 2026

Acquisitions Illinois Midwest Multifamily

Aimco Closes Sale of 1,495-Unit Multifamily Portfolio in Metro Chicago for $455M

by Kristin Harlow April 1, 2026

CHICAGO — Aimco (NYSE: AIV) has completed the sale of a seven-property multifamily portfolio in metro Chicago totaling 1,495 units as part of its liquidation plan approved by stockholders in February. LaTerra Capital Management and Respark Residential purchased the portfolio for $455 million. The Aimco Chicago Portfolio consists of the following stabilized properties: Pete Evans and Richard Evans of Berkadia represented the seller in the transaction. 3650 Capital provided approximately $104 million in acquisition financing to the buyers. The transaction was also capitalized with roughly $308 million of Fannie Mae loan assumptions as well as equity capital from LaTerra and Respark. Approximately $20 million of the invested capital will fund improvements to the properties, including both common area and unit upgrades. “In the post-COVID era, the greater Chicago region has emerged as one of the strongest multifamily housing markets in the country,” says Michael Fleischer, deputy CIO at 3650. “While some regions are experiencing oversupply, the Midwest is seeing a sustained period of strong performance and stability driven by limited new supply, robust demand and relative affordability compared to coastal markets.”

April 1, 2026

Development Industrial Texas

SLDM Commercial Completes Phase II of 137,550 SF Industrial Project in Kyle, Texas

by Taylor Williams April 1, 2026

KYLE, TEXAS — SLDM Commercial Properties has completed construction of Phase II of Dacy Business Park, a 137,550-square-foot industrial project in the southern Austin suburb of Kyle. Phase II of Dacy Business Park featured three buildings totaling 31,500 square feet, and the entire development will eventually consist of 13 buildings that will be delivered across four phases. Units at Dacy Business Park will range in size from 1,200 to 12,000 square feet, and buildings will feature clear heights of 22 to 24 feet. LT Commercial Group is the leasing agent. Units are also offered for sale, with prices starting in the mid-$300,000s.

April 1, 2026

Acquisitions Hospitality Texas

Marcus & Millichap Brokers Sale of 50-Room Hotel in Stanton, Texas

by Taylor Williams April 1, 2026

STANTON, TEXAS — Marcus & Millichap has brokered the sale of a 50-room hotel in Stanton, located just outside of Midland in West Texas. Built in 2015, the hotel is operated under the Super 8 by Wyndham brand and offers fitness and business centers, as well as a breakfast area. Alexander Curry and Chris Gomes of Marcus & Millichap represented the seller, Dallas-based LIG Hotels, in the transaction. Rajan Patel, also with Marcus & Millichap, represented the buyer, an undisclosed, Houston-based partnership.

April 1, 2026

Leasing Activity Office Texas

Yetter Coleman Signs 43,906 SF Office Lease in Downtown Houston

by Taylor Williams April 1, 2026

HOUSTON — Yetter Coleman LLP has signed a 43,906-square-foot office lease in downtown Houston. The law firm will relocate from the nearby building at 811 Main St. to the 53rd and 54th floors of 600 Travis Street, a 75-story tower. Jon Lee and Claire Douthit of CBRE represented the tenant in lease negotiations. A partnership between Hines and Cerberus Capital Management owns the building.

April 1, 2026

Loans Multifamily New York Northeast

JLL Arranges $136M in Financing for Brooklyn Apartment Building

by Taylor Williams April 1, 2026

NEW YORK CITY — JLL has arranged $136 million in financing for 655 Union, a 193-unit apartment building in the Gowanus area of Brooklyn. Details on the debt versus equity components of the financing were not disclosed, but the financing includes a Freddie Mac loan, and CenterSquare Investment Management is now part of the capital stack. Completed in 2025, the 15-story building houses 143 market-rate units and 50 affordable housing units, as well as 14,764 square feet of retail space. Amenities include a pool with cabanas, fitness center with yoga and Pilates studios, wellness space, coworking areas, a media room, private dining room, sunset garden and 24/7 doorman and concierge services. Christopher Peck, Peter Rotchford, Michael Shmuely and Nicco Lupo of JLL handled the transaction on behalf of the owner, a partnership between Avery Hall Investments and Gindi Capital.

April 1, 2026

California Loans Office Western

Sonnenblick-Eichner Co. Secures $80M Refinancing for Del Ray Office Campus in Los Angeles

by Amy Works April 1, 2026

LOS ANGELES — Sonnenblick-Eichner Co. has arranged an $80 million first-mortgage loan secured by Del Rey Campus, a creative office campus in the Marina del Rey submarket of West Los Angeles. The five-year, fixed-rate, interest-only financing was funded by Goldman Sachs and refinanced a construction loan for the property. The sponsor, a joint venture between Continental Development Corp. and Mar Ventures, built the asset in 2020. Located at 4800 Alla Road, the three-building campus offers 162,031 square feet of creative office space with flexibility for full floor and multi-tenant buildouts. All buildings feature 21-foot clear space with exposed ceilings, generous balconies, ground-floor patios and courtyards. The campus also features a café, fitness center with men’s and women’s locker rooms, secured bicycle and surfboard storage areas. Current tenants include the global headquarters of the World Surf League, the westside location for CENTRL Office, a Portland, Ore.-based coworking operator and a large video game studio.

April 1, 2026

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