Property Type

PGIM, Dakota Pacific to Develop 450,000 SF Spec Industrial Project in Salt Lake City

by Amy Works January 6, 2026

SALT LAKE CITY — PGIM and Dakota Pacific Real Estate have formed a joint venture to develop a six-building industrial project on two recently acquired land parcels near Bangerter Highway along California Avenue and 4400 West in Salt Lake City. Construction will immediately commence on the speculative development, totaling nearly 450,000 square feet, including dedicated yard space. The project is designed as modern small- and mid-bay industrial product with initial deliveries slated for early 2027. Big-D Construction is serving as general contractor and managing construction of the project. JPMorgan Chase Bank is financing the development. Kyle Roberts and Ben Richardson of Newmark represented the seller, while Newmark’s Lucas Burbank represented the joint venture in the land acquisition. Burbank and Kelsie Akiyama of Newmark are overseeing leasing efforts for the development.

January 6, 2026

Acquisitions California Multifamily Seniors Housing Western

Sunny Hills Management Co. Buys 168-Unit Seniors Housing Property in Southern California

by Amy Works January 6, 2026

CARLSBAD, CALIF. — Sunny Hills Management Co. has acquired Laguna Estates Senior Living, a 168-unit seniors housing property located in Carlsbad, an affluent coastal city in southern California. The seller and sales price were not disclosed. Laguna Estates features a mix of assisted living and memory care units across four buildings. Amenities at the community include an activity room, salon, billiards room, fitness center, movie room, piano room, putting green and swimming pool. Aaron Rosenzweig and Dan Baker of JLL Capital Markets arranged the sale on behalf of the seller.

January 6, 2026

Acquisitions Colorado Retail Western

Pinnacle Real Estate Brokers $5.9M Sale of Retail Property in Littleton, Colorado

by Amy Works January 6, 2026

LITTLETON, COLO. — Pinnacle Real Estate Advisors has arranged the sale of a retail property located at 2885 W. County Line Road in Littleton. The asset traded for $5.9 million. Robert Lawson and Paul Nora of Pinnacle Real Estate Advisors handled the transaction. The undisclosed new ownership will use the property, which is a former Harley-Davidson dealership, to expand its operations.

January 6, 2026

Acquisitions Michigan Midwest Retail Wisconsin

Mid-America Brokers Sale of 714,000 SF Retail Portfolio Across Three States

by Kristin Harlow January 6, 2026

MICHIGAN, WISCONSIN AND ALABAMA — Mid-America Real Estate Corp. has brokered the sale of a four-property shopping center portfolio totaling over 714,000 square feet of retail space across Michigan, Wisconsin and Alabama. Atlanta-based RCG Ventures sold the portfolio to Beaumont, Texas-based Albanese Cormier. Bison Hollow Shopping Center in Traverse City, Mich., totals 134,798 square feet and is fully leased to Kohl’s, T.J. Maxx and Michaels. The 152,073-square-foot Oak Brook Square in Flint, Mich., is 97 percent leased. Tenants include T.J. Maxx, Hobby Lobby, Five Below, Dollar Tree, Skechers, Bath & Body Works and Buffalo Wild Wings. In Oshkosh, Wis., a two-tenant building totaling 52,302 square feet is fully occupied by Dick’s Sporting Goods and PetSmart. McGowin Park in Mobile, Ala., totals 374,881 square feet and is 98 percent leased to Dick’s House of Sport, Best Buy, Hobby Lobby, Ross, Petco and Old Navy. Ben Wineman of Mid-America brokered the sale in cooperation with Greg Hess of TSCG on McGowin Park; Daniel Stern of Mid-America on Bison Hollow and Oak Brook Square; and Nick Kohlmann, George Ghattas and Dan Rosenfeld of Mid-America on the Wisconsin property.

January 6, 2026

Acquisitions Midwest Missouri Multifamily

Greyhill Group Buys Westminster Place Apartments in St. Louis for $38.2M

by Kristin Harlow January 6, 2026

ST. LOUIS — Greyhill Group has purchased Westminster Place Apartments, a 337-unit multifamily property located at 4005 Westminster Place in St. Louis, for $38.2 million. Built during the 1980s to 1990s, the community was 96 percent occupied at the time of sale. Greyhill plans to make improvements to the property and hold it for the long term. The acquisition marks Greyhill’s expansion into its ninth state.

January 6, 2026

Acquisitions Illinois Midwest Retail

NewMark Merrill Acquires 179,106 SF Lake Meadows Shopping Center in Chicago

by Kristin Harlow January 6, 2026

CHICAGO — NewMark Merrill Cos. Inc. has acquired Lake Meadows Shopping Center, a 179,106-square-foot property in Chicago. Draper and Kramer Inc. was the seller. Anchor tenants include Jewel-Osco, LA Fitness, Foot Locker, CVS Pharmacy and Citi Trends. NewMark Merrill now owns or operates eight properties in the Chicago area representing more than 1.6 million square feet and a combined asset value of over $300 million. The company plans to upgrade Lake Meadows with improvements to signage, lighting and gathering spaces. Sandy Sigal, Jim Patton, Brad Pearl, Sandra Kist, Susan Rorison and Matt Gugliciello represented NewMark Merrill on an internal basis. Michael Nieder, Brian Page and John Dettlaff of JLL represented the seller. Lake Meadows was 85 percent leased at the time of sale.

January 6, 2026

Development Industrial Midwest Retail

Principle Construction Completes 4,000 SF Circle K Fleet Convenience Store in Suburban Chicago

by Kristin Harlow January 6, 2026

WEST DUNDEE, ILL. — Principle Construction has completed a 4,000-square-foot flagship Circle K fleet convenience store at 70 Airport Road in West Dundee, a far northwest Chicago suburb. The store is part of a 56-acre redevelopment project on I-90 at Route 31. Principle installed eight dual-sided fuel dispensers for cars and four dual-sided and two single-sided fuel dispensers for trucks on the building’s exterior. Inside is a 354-square-foot cooler for soda, water, energy drinks and beer. The team built a 52-square-foot freezer for ice cream and pizza. A hot dog island holds condiment dispensers, a soda fountain and coffee station. The redevelopment includes a 1,006-space secured truck parking facility, a comprehensive truck repair and maintenance facility, truck wash, quick-service restaurant and office space for trucking and logistics companies. Gleason Architects designed the space. An affiliate of Speedwagon Capital owns the building.

January 6, 2026

Development Loans New York Northeast Office Top Stories

Related Cos., Oxford Properties Close $2.45B Capitalization for 70 Hudson Yards Office Tower in Manhattan

by John Nelson January 6, 2026

NEW YORK CITY — Related Cos. and Oxford Properties Group have fully capitalized 70 Hudson Yards, a 72-story office tower underway within the co-developers’ 28-acre Hudson Yards campus in Manhattan’s Midtown West neighborhood. The companies recently closed $2.45 billion in financing for the project, including a $1.6 billion construction loan from Wells Fargo, Bank of America and Standard Chartered, as well as equity from institutional investors. “Securing full equity and the largest construction loan in New York since 2020, on attractive terms, demonstrates the growing global demand from sophisticated investors and lenders of capital into first class office product like 70 Hudson Yards,” says Dean Shapiro, Oxford’s global head of development. The multi-tenant tower will span 1.4 million square feet and include the U.S. headquarters for Deloitte, one of the “big four” accounting firms that signed a lease for more than 800,000 square feet at the tower last year. The lease represents the largest tenant relocation in New York City since 2020, according to Related and Oxford. Shapiro adds that the co-developers broke ground before the lease with Deloitte was executed. Related and Oxford plan to begin vertical construction in the first half of the year. The foundations are nearing …

January 6, 2026

Acquisitions Content Partner Features Loans Midwest Multifamily Northeast Regions Real Estate Capital Markets Southeast Western

Navigating Fannie Mae, Freddie Mac Small Balance Multifamily Loan Programs

by Sarah Daniels January 6, 2026

By Ann Atkinson, Regions Real Estate Capital Markets Most multifamily real estate owners need to finance or refinance their apartment community at some point. Many utilize the small balance multifamily loan programs available through Fannie Mae and Freddie Mac to do so. Understanding how lenders navigate each phase of the loan cycle can give owners a strategic advantage, especially in a time of elevated rate volatility. A significant amount of multifamily debt is maturing in 2026. Borrowers should not wait to refinance to avoid the concentrated competition later in the year when lenders are faced with refinancing demand. In addition, modest rent growth today offers refinancing upside; and finally, Fannie Mae and Freddie Mac have higher production caps in 2026, providing more runway for lending. The following overview, based on Regions Real Estate Capital Markets’ experience, outlines five key phases of the process, with helpful tips throughout: 1. Screening and Term Sheet Loan screening kicks off the relationship between borrower and lender. The lender’s production representative often conducts an introductory call with the borrower, who completes an application and provides due diligence items. Access a checklist of items to provide to Regions for screening here. Tip #1: Get all required (and …

January 6, 2026

Development Industrial Texas

LITOS Underway on 952,560 SF Spec Industrial Project in Laredo, Texas

by Taylor Williams January 5, 2026

LAREDO, TEXAS — LITOS, an industrial developer based in Mexico City, is underway on a 952,560-square-foot speculative project in the Rio Grande Valley city of Laredo. Known as LITOS Laredo, the facility will consist of two cross-dock buildings totaling 476,280 square feet each. Building features will include 40-foot clear heights, 70-foot speed bays and 3,000 square feet of office space. ARCO/Murray is the design-build firm on the project, which is the first in the United States for LITOS.

January 5, 2026

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