Thursday, April 23, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Property Type

Keller-Center-Stage
DevelopmentMixed-UseTexas

Realty Capital Management, Greystar Underway on 38-Acre Mixed-Use Project in Keller, Texas

by Taylor Williams

KELLER, TEXAS — Locally based developer Realty Capital Management and South Carolina-based Greystar are underway on construction of Keller Center Stage, a 38-acre mixed-use project on the northern outskirts of Fort Worth. The initial phase will consist of The Lyric at Keller Center Stage, a multifamily community with Class A amenities that is being developed by Greystar, as well as 24,000 square feet of commercial space and a community event lawn. The latter two elements are expected to be complete by the third quarter of next year, while the apartment community is slated for full completion in the third quarter of 2023. At full buildout, Keller Center Stage will comprise 475 multifamily units, 57 single-family homes and 60,000 square feet of office, retail and restaurant space.

Continue Reading
FacebookTwitterLinkedinEmail
Langfield-Distribution-Center-Houston
IndustrialLeasing ActivityTexas

Colliers Negotiates 134,800 SF Industrial Lease at Langfield Distribution Center in Houston

by Taylor Williams

HOUSTON — Colliers International has negotiated a full-building, 134,800-square-foot industrial lease at Langfield Distribution Center in Houston. The newly built property sits on 8.5 acres and includes 32-foot clear heights, 56 employee parking spaces and 33 trailer parking stalls. John Nicholson and Trey Horne of Colliers represented the landlord, Boston-based Cabot Properties, in the lease negotiations. Billy Gold of CBRE represented the tenant, JFC International, a wholesaler and distributor of Asian food products.

Continue Reading
FacebookTwitterLinkedinEmail
IndustrialLeasing ActivityTexas

Fidelity Paper & Supply Signs 107,082 SF Industrial Lease in Grand Prairie, Texas

by Taylor Williams

GRAND PRAIRIE, TEXAS — Fidelity Paper & Supply, a distributor of packaging supplies and materials, has signed a 107,082-square-foot lease within Heller Industrial Park in the central metroplex city of Grand Prairie. John Brewer and Riley Maxwell of Transwestern represented the landlord in the lease negotiations. Cameron Rogers with Rubicon Representation represented the tenant.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMultifamilyNortheastPennsylvania

Equus Capital Partners Sells 188-Unit High-Rise Apartment Complex in Philadelphia

by Taylor Williams

PHILADELPHIA — Locally based investment firm Equus Capital Partners has sold Hill House, a 188-unit high-rise apartment complex in Philadelphia’s Chestnut Hill neighborhood. The property offers studio, one-, two- and three-bedroom units with stainless steel appliances and quartz countertops. Amenities include a pool, fitness center, resident lounge, coffee bar, private library and an outdoor courtyard with grilling areas. Erin Miller, Lizann McGowan and Marybeth Farris of Newmark brokered the deal. Sentinel Real Estate Corp. purchased Hill House, which was 99 percent occupied at the time of sale, for an undisclosed price. Equus originally acquired the property in 2015 and invested $3.7 million in capital improvements over the course of the holding period.

Continue Reading
FacebookTwitterLinkedinEmail
Renaissance-City-Center-Carson-CA
Affordable HousingCaliforniaCompany NewsDevelopmentMultifamilyTop StoriesWestern

Standard Communities, Faring Plan to Build $2B in Middle-Income Housing in California Within Two Years

by Amy Works

LOS ANGELES — Standard Communities and Faring have formed a joint venture with plans to create more than $2 billion of middle-income housing across California over the next 18 to 24 months. The strategic partnership, Standard-Faring Essential Housing, will engage in both ground-up construction of middle-income rental housing and the acquisition and conversion of existing market-rate properties. The partnership recently created more than 650 units of dedicated middle-income housing in Southern California with a total capitalization of over $400 million. The transactions utilized tax-exempt bond financing provided by CSCDA Community Improvement Authority, a state program that seeks to improve the availability of housing for Californians earning approximately the same as the area median income (AMI).  Upon taking ownership, CSCDA Community Improvement Authority worked with Standard-Faring Essential Housing as project administrator to immediately lower rents for new residents who qualify with incomes between 80 percent and 120 percent of AMI. “By focusing on middle-income housing, California cities can ensure that middle-income families and essential workers such as first responders, hospital and healthcare staff, and teachers can afford to live near their jobs in the communities they serve,” says Jeffrey Jaeger, principal and co-founder of Standard Communities. “This joint venture will provide …

Continue Reading
FacebookTwitterLinkedinEmail
Gateways-at-Randolph
DevelopmentMultifamilyNew JerseyNortheast

Values Cos. Breaks Ground on Final Phases of Multifamily Project in Randolph, New Jersey

by Taylor Williams

RANDOLPH, N.J. — Developer Value Cos. has broken ground on the final phases of Gateways at Randolph, a rental community in Northern New Jersey. The final phases will deliver 104 two-bedroom residences across four buildings and a 7,000-square-foot leasing office. Upon full completion, Gateways at Randolph will consist of more than 1,000 units, with the newest residences ranging in size from 981 to 1,100 square feet. Communal amenities include a pool, fitness center, playground, volleyball court and grilling areas.

Continue Reading
FacebookTwitterLinkedinEmail
Market ReportsMichiganMidwestMidwest Market ReportsMultifamily

Why Multifamily Investors Are Revved Up for the Motor City

by Kristin Harlow

By Jason Krug, Berkadia Sunbelt states are top of mind for multifamily investors these days, as COVID-19 has accelerated the trend of renters leaving major cities in search of more space and a better cost of living. Of course, the allure of sunshine and warm weather is hard to compete with, but cities across the Midwest are also seeing a spike in interest from renters and investors and chief among them is Detroit. There has been overwhelming interest in multifamily opportunities in and around the city, as investors looking for yield move beyond core and core-plus markets in search of real value deals, which Detroit has aplenty. So, what’s driving this interest, and why should more investors be paying attention to Detroit? There are a few key reasons. Solid fundamentals Limited supply of new units being delivered across the state will continue to drive organic rent growth. As is the case across the country, there is a shortage of housing throughout Detroit and the metro area. Although Detroit’s population growth is smaller compared to the South and Southeast, the region has a fraction of the units coming out of the ground as the South and Southeast, paving the way for …

Continue Reading
FacebookTwitterLinkedinEmail
HealthcareMassachusettsNortheast

Newmark Secures Recapitalization of 200,000 SF Medical Office Portfolio in Northeast

by Taylor Williams

BOSTON — Newmark has secured the recapitalization of a portfolio of six medical office buildings totaling approximately 200,000 square feet that are located throughout various markets in New England and the Mid-Atlantic. Ben Appel, Michael Greeley, Jay Miele and John Nero of Newmark procured an undisclosed institutional equity partner for owner Aspect Health. The new joint venture also plans to develop more healthcare facilities in these regions.

Continue Reading
FacebookTwitterLinkedinEmail
110-Canal-Street-Boston
AcquisitionsMassachusettsNortheastOfficeRetail

Quaker Lane Capital, Alcion Ventures Buy 63,000 SF Office, Retail Building in Boston

by Taylor Williams

BOSTON — A partnership between investment firm Quaker Lane Capital and Boston-based private equity group Alcion Ventures has purchased a 63,000-square-foot boutique office and retail building located at 110 Canal St. within Boston’s North Station submarket. The building features exposed brick walls, lofty ceilings and open floor plates. CBRE has been tapped to market the property to creative office users.

Continue Reading
FacebookTwitterLinkedinEmail
Rosewood-Bakersfield-California
Conference CoverageFeaturesMultifamilySeniors Housing

Vaccination Mandates, Wage Increases Further Complicate Seniors Housing Labor Situation, Says InterFace Panel

by Taylor Williams

By Taylor Williams ATLANTA — Even before the pandemic struck the United States in early 2020, rising labor costs were putting downward pressure on margins for seniors housing owners and operators. The public health and economic crises stemming from COVID-19 have only amplified the problem, say seniors housing professionals. In an industry where renters overwhelmingly belong to one of the most COVID-19-susceptible demographics, seniors housing operators are now wrestling with the question of whether to require staffers to get vaccinated. At the same time, they are battling widespread wage increases brought on by a labor shortage compounded by the steady flow of federal unemployment benefits. The net result is that both third-party operators and owner-operators of seniors housing properties — from independent living to skilled nursing — are seeing their costs rise. Simultaneously, these groups are also struggling to recoup occupancies and revenues lost to COVID-19. And while labor is not the only operating expense on the rise within the seniors housing space, it’s a unique line item in the sense that it has dual external forces acting upon it. This realization was not lost on a “power panel” of executives who own and operate seniors housing properties and who …

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts