Thursday, December 11, 2025
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AcquisitionsMidwestRetailWisconsin

Hanley Investment Group Brokers $25.4M Sale of Green Bay Plaza Shopping Center in Wisconsin

by Kristin Harlow

GREEN BAY, WIS. — Hanley Investment Group Real Estate Advisors has brokered the $25.4 million sale of Green Bay Plaza, a 232,796-square-foot shopping center anchored by T.J. Maxx, HomeGoods and Ross Dress for Less in Green Bay. Kevin Fryman, Bill Asher and Jeff Lefko of Hanley, in association with ParaSell Inc., represented the seller, Anenberg Asset Management, a family office based in Newport Beach, Calif. The buyer, Chicago-based Core Acquisitions, was self-represented. Built in 1960 and expanded in 2003, Green Bay Plaza is 89 percent occupied. Additional tenants include Burlington, Dollar Tree, Sierra, Five Below, Crunch Fitness and Skechers Outlet. The property is located two miles from Lambeau Field, home of the Green Bay Packers.

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Affordable HousingDevelopmentMidwestMinnesotaMultifamily

Kraus-Anderson Begins Construction of $24M Affordable Housing Project in Downtown Minneapolis

by Kristin Harlow

MINNEAPOLIS — Kraus-Anderson has broken ground on Exodus, a $24 million affordable housing project in downtown Minneapolis. The developer, Aeon, is partnering with St. Olaf Catholic Church on the project, which involves the rehabilitation and addition to an existing eight-story building adjacent to the church. Once complete, the development will provide 72 studio units of deeply affordable housing, designed to support individuals experiencing homelessness and housing instability. Residents will be referred through Hennepin County’s Coordinated Entry and Behavioral Health Systems. Touchstone Mental Health will provide comprehensive supportive services. Through a long-term ground lease, Aeon will be the new owner and operator of the building. Constructed in the 1950s, the building was originally designed to provide dorm-style housing for young professional women working downtown. Over time, the property transitioned to providing temporary shelter for unhoused individuals downtown through Catholic Charities and Hennepin County, before becoming completely vacant. Urbanworks Architecture and Kraus-Anderson will serve as the architect and general contractor. Plans call for the substantial rehabilitation of the building’s interior and connecting a newly built eight-story addition adjacent to the original. There will be community spaces, outdoor green space and a fitness center as well as new mechanical systems. The project is …

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Affordable HousingLoansMassachusettsMultifamilyNortheast

Lument Provides $27M HUD-Insured Loan for Refinancing of Boston Affordable Housing Property

by Taylor Williams

BOSTON — New York City-based Lument has provided a $27 million HUD-insured loan for the refinancing of East Canton Street Apartments, a historic affordable housing property located in the InkBlock neighborhood of Boston. The property consists of four five-story buildings that were originally constructed in the late 1800s and a house total of 80 units. East Canton Street Apartments was converted to HUD-subsidized housing in 1981 and rehabilitated in 2007. Tracy Peters of Lument originated the fixed-rate loan through HUD’s 223(f) program on behalf of the owner, HallKeen Management.

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AcquisitionsAffordable HousingMultifamilyNortheastPennsylvania

LYND Group Acquires 110-Unit Affordable Housing Complex in Pittsburgh

by Taylor Williams

PITTSBURGH — An affiliate of San Antonio-based investment firm LYND Group has acquired Kelly Hamilton Apartments, a 110-unit affordable housing complex in Pittsburgh. The 21-building property is located in the city’s Homewood South neighborhood and offers one-, two- and three-bedroom floor plans. LYND, which plans to implement a capital improvement program, purchased the property through a bankruptcy proceeding in the U.S. Bankruptcy Court for the District of New Jersey.

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IndustrialLeasing ActivityNew JerseyNortheast

Resource Realty Negotiates 158,440 SF Industrial Lease in East Hanover, New Jersey

by Taylor Williams

EAST HANOVER, N.J. — Resource Realty of Northern New Jersey (RRNNJ) has negotiated a 158,440-square-foot industrial lease in East Hanover, about 25 miles west of New York City. The tenant, J&J’s Tri-State Delivery Service, will occupy the entire building at 903 Murray Road, which is located within the 1.2 million-square-foot Ridgedale Industrial Park. Tom Consiglio and Scott Peck of RRNNJ represented the undisclosed landlord in the lease negotiations. John Friedland of United Realty Advisors represented the tenant.

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Leasing ActivityLife SciencesMassachusettsNortheast

Labshares Signs 58,000 SF Life Sciences Lease in Watertown, Massachusetts

by Taylor Williams

WATERTOWN, MASS. — Labshares has signed a 58,000-square-foot life sciences lease in Watertown, a western suburb of Boston. The operator of shared lab facilities will occupy space at 66 Galen St., a newly completed, 225,000-square-foot facility that is part of a larger campus. Bob Richards, Ben Coffin and Sam Crossan of JLL represented the landlord, a partnership between The Davis Cos. and Boston Development Group, in the lease negotiations. Crossan also represented Labshares.

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AcquisitionsMidwestOhioRetail

Woodside Health Acquires 22,950 SF Dublin Corners Retail Property in Metro Columbus

by Kristin Harlow

DUBLIN, OHIO — Woodside Health has acquired Dublin Corners, a three-building retail and medical property located at 5833-5885 Frantz Road in the Columbus suburb of Dublin. The property spans approximately 22,950 leasable square feet on 3.7 acres and is currently fully leased to a mix of tenants in the healthcare, wellness and retail services. A local developer was the seller. Cleveland-based Woodside Health is a private equity firm that invests in healthcare real estate.

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Four-Seasons-Private-Residences-Las-Vegas-NV
DevelopmentHospitalityLoansNevadaTop StoriesWestern

Concord Summit Arranges $781M in Construction Financing for Four Seasons Private Residences Las Vegas

by Amy Works

HENDERSON, NEV. — Concord Summit Capital (CSC) has secured $781 million in construction financing for The Four Seasons Private Residences Las Vegas. Two Roads Development, Azure Resorts & Hotels and Luxus Developments are the borrowers. The full capital stack for the project’s vertical construction includes a $526 million senior loan from J.P. Morgan and $255 million in mezzanine and preferred equity from Sculptor Real Estate and Morning Calm Management. Kevin O’Grady and Tyler Beauregard of CSC served as exclusive advisors to the developers. Four Seasons Private Residences will consist of 171 condominium units and 21 custom-built single-family homes within MacDonald Highlands, a gated enclave in the foothills of Henderson, a city southeast of Las Vegas. Construction is underway, with completion slated for mid-2027. Residences will range from two to five bedrooms, all with views of the Las Vegas Strip. Wimberly Interiors is the interior architect for the project. The property will include roughly 90,000 square feet of Four Seasons amenities, including three outdoor pools and a high-end gym. Wolfgang Puck Fine Dining Group will operate an onsite restaurant. Additionally, the Four Seasons Private Residences features a first-of-its-kind collaboration with RH Contract, a division of luxury lifestyle brand and retailer RH, formerly …

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Carter-Crossing
DevelopmentIndustrialTexas

HLCI Breaks Ground on 1 MSF Industrial Project in South Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Holt Lunsford Commercial Investments (HLCI) has broken ground on Carter Crossing, an approximately 1 million-square-foot industrial project that will be located at 6901 Wichita St. in South Fort Worth. The development will consist of three buildings that will total 142,737, 162,862 and 704,966 square feet. Comerica Bank is financing construction of Carter Crossing, which is expected to be complete in August 2026. Holt Lunsford Commercial is the leasing agent.

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AcquisitionsMultifamilySeniors HousingTexas

Sagora Senior Living Buys 100-Unit Community in Burleson, Texas

by Taylor Williams

BURLESON, Texas — Sagora Senior Living has purchased Wilshire Senior Living, a 100-unit community located in Burleson, approximately 15 miles south of Fort Worth. Situated on 25 acres, the property features four-story buildings with independent living apartments, as well as cottages with attached garages. The community, which opened in 2021, also features assisted living and memory care units. Amenities include a theater room, billiards area and a full-service salon. The seller and sales price were not disclosed.  

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