Property Type

Partnership Receives Final Approval for $1B Mixed-Use Development in Gilbert, Arizona

by Abby Cox August 8, 2025

GILBERT, ARIZ. — A partnership between Las Vegas-based IndiCap, Salt Lake City-based Colmena Group and locally based Langley Properties has received final entitlement approval from the Town of Gilbert’s Planning Commission to begin construction for The Ranch, a proposed $1 billion mixed-use development in Gilbert. Situated near the Phoenix-Mesa Gateway Airport and Arizona State University’s Polytechnic Campus, The Ranch will span more than 295 acres and is anticipated to become Gilbert’s largest mixed-use development to date, according to the development team. The project is also expected to create roughly 6,000 jobs during construction. “This entitlement approval marks a turning point not just for The Ranch, but for Gilbert as a whole,” says Todd Ostransky, vice president of regional development at IndiCap. “This development is designed to meet the evolving needs of businesses and residents while driving sustainable economic growth in the region.” Upon full build-out of the multi-phase project, The Ranch will include a 221-acre light industrial component totaling 3 million square feet, 34 acres of retail space and 729 multifamily units across three communities. Steve Larsen of JLL is managing leasing efforts for the industrial portion of the project. Phase I of The Ranch — which is set to break ground in the fall …

August 8, 2025

Development Industrial Texas

Lovett Industrial Breaks Ground on 537,132 SF Spec Project in South Houston

by Taylor Williams August 8, 2025

HOUSTON — Locally based developer Lovett Industrial has broken ground on a 537,132-square-foot speculative project in South Houston. The project represents Phase II of a master-planned development known as 610 Business District and will consist of four shallow-bay warehouses that will range in size from 53,110 to 219,487 square feet. At full build-out, the 113-acre development will comprise 1.5 million square feet across nine buildings. Associated Bank is financing Phase II of 610 Business District. Alston Construction is the general contractor for the project, and CBRE is the leasing agent. Completion is slated for the first quarter of 2026.

August 8, 2025

Hospitality Loans Texas

Sonnenblick-Eichner Arranges $22.6M in Leasehold Financing for Downtown San Antonio Hotel

by Taylor Williams August 8, 2025

SAN ANTONIO — Sonnenblick-Eichner Co., a California-based financial intermediary, has arranged $22.6 million in first mortgage leasehold financing for the 213-room Hotel Valencia Riverwalk in San Antonio. The 12-story hotel is located in the downtown area and offers 9,841 square feet of meeting and event space, a fitness center, an interior open-air courtyard and multiple onsite food-and-beverage options. The debt retires a maturing 10-year loan that was also originated by Sonnenblick-Eichner. The names of the lender and borrower were not disclosed.

August 8, 2025

Acquisitions Development Industrial Texas

LanCarte Commercial Negotiates Sale of 100-Acre Industrial Development Site in Weatherford, Texas

by Taylor Williams August 8, 2025

WEATHERFORD, TEXAS — Locally based brokerage firm LanCarte Commercial has negotiated the sale of a 100-acre industrial development site in Weatherford, a western suburb of Fort Worth. The site is located at the junction of South Main Street and Old Airport Road. The development will feature shallow-bay product that will be marketed for both sale and lease, and the project will also offer build-to-suit opportunities. Darren Cain and Sarah LanCarte of LanCarte represented the seller, Tri-County Electric Cooperative Inc., in the transaction. Mark Boone, also with LanCarte, represented the undisclosed buyer.

August 8, 2025

Acquisitions Multifamily Seniors Housing Texas

Capital Square Acquires 62-Unit Active Adult Community in Fredericksburg, Texas

by Taylor Williams August 8, 2025

FREDERICKSBURG, TEXAS — Capital Square has acquired Woodland Cottages, a 62-unit active adult community located in the Central Texas city of Fredericksburg. Woodland Cottages offers 20 one-bedroom and 42 two-bedroom residences that have average sizes of 899 and 1,355 square feet, respectively. Amenities include a pool, fitness center, clubhouse and dedicated resident concierge services. The seller and sales price were not disclosed.

August 8, 2025

Acquisitions Industrial Texas

COIM USA Acquires 20-Acre Industrial Facility at TexAmericas Center in Texarkana

by Taylor Williams August 8, 2025

TEXARKANA, TEXAS — COIM USA, a provider of specialty chemicals, has acquired a 20-acre industrial facility at TexAmericas Center, a 12,000-acre mixed-use and industrial park located near the Arkansas-Texas border in Texarkana. Another chemicals manufacturer, Palmer International, sold the rail-served site, which includes a 25,000-square-foot facility in addition to logistics and transload infrastructure. The sales price was not disclosed.

August 8, 2025

Florida Office Southeast

IPA Facilitates $31.4M Sale of Office Property in Boca Raton, Florida

by Abby Cox August 8, 2025

BOCA RATON, FLA. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has facilitated the $31.4 million sale of 1200 Corporate Place, a 137,021-square-foot, Class A office property in Boca Raton. Situated at the intersection of Glades Road and Federal Highway/U.S. Route 1, the property was originally built in 1984 and renovated in 2024 with improvements such as a modernized lobby with water feature upgrades, full parking lot resurfacing and new landscaping. The building, which sits on more than five acres, also includes a four-story central atrium lobby, two-story parking garage and a full-service café for tenants and visitors. The building was 84 percent leased at the time of sale. Douglas Mandel of IPA, along with Zach Levine and Cody Hershey of Marcus & Millichap, represented the seller, Keystone

August 8, 2025

Acquisitions Florida Retail Southeast

Joint Venture Acquires Disston Plaza Shopping Center in St. Petersburg, Florida for $31.4M

by Abby Cox August 8, 2025

ST. PETERSBURG, FLA. — A joint venture between AEW Capital Management, Mack Real Estate Group (MREG) and Soundwater Properties (SWP) has acquired Disston Plaza, a 129,150-square-foot shopping center located in St. Petersburg. The sales price was $31.4 million, according to the Tampa Bay Business Journal. This transaction marks the second acquisition for the newly formed joint venture, which targets grocery-anchored retail centers in East Coast markets with purchase prices between $10 million and $50 million. Danny Finkle and Jorge Portela of JLL represented the undisclosed seller in the transaction. Publix anchors Disston Plaza, which features a mix of additional tenants including Bealls Outlet, Dollar Tree, Pet Supermarket and The UPS Store. Built in 1954, the center sits on roughly 12 acres.

August 8, 2025

Development Industrial Multifamily New York Northeast Self-Storage

Joint Venture Buys Manhattan Self-Storage Facility for $43.5M, Plans Multifamily Conversion

by Taylor Williams August 8, 2025

NEW YORK CITY — A joint venture between Broad Street Development and TPG Angelo Gordon has purchased a 56,384-square-foot self-storage facility in Manhattan’s Tribeca neighborhood for $43.5 million with plans to undertake a multifamily conversion. The 10-story building at 139 Franklin St. was originally constructed in 1915 and houses 74 units. Brendan Maddigan, Andrew Scandalios, Ethan Stanton, Hall Oster, Michael Mazzara and Vickram Jambu of JLL represented the seller, the Sofia Family, in the transaction and procured the joint venture as the buyer. A construction timeline for the conversion was not announced.

August 8, 2025

Alabama Development Loans Retail Southeast

Forman Capital Provides $20M Construction Loan for Redevelopment, Completion of Retail Travel Center Near Mobile, Alabama

by Abby Cox August 8, 2025

ROBERTSDALE, ALA. — Forman Capital has provided a $20 million construction bridge loan to LV Petroleum, the largest owner and operator of TA Travel Center franchises in the United States, for the redevelopment and completion of a retail travel plaza at 27801 County Road 64 in Robertsdale. Formerly the Oasis Travel Center, the property has already been converted into a TA Travel Center with all facilities operating, except for diesel fuel sales. Situated about 27 miles east of Mobile, the 51-acre site features 26,797 square feet of retail space, including Subway and Sbarro restaurants, eight gas pumps, five diesel pumps, four diesel emission fluid pumps and parking for 100 vehicles and 220 semi-trucks. Brett Forman, Ben Jacobson, Scott Mehlman, Ty Regnier and Cam Fleury of Forman Capital internally represented the firm in the transaction. LV Petroleum operates more than 40 convenience stores and travel centers throughout the country.

August 8, 2025

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