NEW YORK CITY — Civic Entertainment Group has signed a 12,180-square-foot office lease at 740 Broadway in Manhattan’s NoHo neighborhood. The marketing agency’s footprint in the submarket now totals 27,180 square feet, including its 15,180 square feet of existing space across the entire second floor at 440 Lafayette Street, an interconnected building. That lease was also extended by seven years. GFP Real Estate owns both buildings.
ORANGE COUNTY, CALIF. — JLL Capital Markets has arranged $130 million in first-lien financing for a 21-property industrial portfolio in Southern California. Greg Brown, Allie Black and Nick Englhard of JLL Capital Markets secured the five-year, fixed-rate loan through an insurance company on behalf of the borrower, Sukut Real Properties. Totaling 1.1 million square feet, the portfolio includes 17 industrial buildings, a self-storage facility, an industrial outdoor storage property, a medical property and a flex office/industrial building. Built from 1968 to 2016, the properties span San Diego County, Orange County, Los Angeles County and the Inland Empire.
CANBY, ORE. — Trammell Crow Co. (TCC) and Affinius Capital have broken ground on Sequoia Logistics Center, a Class A speculative logistics facility in Canby, approximately 20 miles south of Portland. Slated for completion by January 2027, the 778,720-square-foot Sequoia Logistics Center will feature 4,000 amps of power capacity, 143 loading docks, 224 trailer spaces and 798 auto parking spaces. Project partners include Mackenzie as architect and Perlo Construction as general contractor. Teams from KBC Advisors in Seattle and Kidder Mathews in Portland, Ore., are marketing the project for lease.
CARROLLTON, GA. — R.H. Ledbetter Properties has received a $15 million equity investment through American South Capital Partners’ (ASCP) real estate fund II to develop a 236-unit, attainable multifamily community in Carrollton, a western suburb of Atlanta. ASCP, a joint venture of SDS Capital Group and Vintage Realty Co., provides equity financing for real estate sponsors with projects located in 10 Southern states. Dubbed Carrollton Flats, the $49 million complex will feature one-, two- and three-bedroom apartments. Amenities will include a resort-style swimming pool, community clubhouse, 24-hour fitness center, grilling stations, pet park and green space. Upon completion of Carrollton Flats, which is anticipated for the second half of 2027, rental rates at the property will remain attainable for middle-income individuals and families of the area workforce.
LOS ANGELES — Vestar has been selected to provide management services for Warner Marketplace, a 160,000-square-foot shopping center located in the Canoga Park neighborhood of Los Angeles. Warner Marketplace is fully leased to a mix of tenants including Ashley Furniture, BevMo!, Ulta Beauty, DSW, PetSmart and Carter’s. With the addition of Warner Marketplace, Vestar now manages over 12.5 million square feet in California and the western United States.
FORT LAUDERDALE, FLA. — GFO Investments and InSite Group, in partnership with Atlas Real Estate and Prime Finance, have acquired The Galleria at Fort Lauderdale, with plans to redevelop the 800,000-square-foot mall. Robert Given, Brad Capas and Casey Rosen of CBRE represented the seller, Keystone-Florida Holding Corp., in the transaction. The sales price was not disclosed. GFO and InSite Group will oversee redevelopment efforts, while Sandeep Mathrani of Atlas Hill Real Estate will lead leasing at the property. Galleria Mall, an underperforming, super-regional shopping center, will be reimagined into a community-focused destination. Detailed plans for the redevelopment will be released in the coming months. Keystone-Florida Holding Corp. originally listed the mall for sale in 2023, which was only 67 percent occupied after losing tenants such as Lord & Taylor, SAKS Fifth Avenue and Neiman Marcus, according to South Florida Business Journal. Current tenants include Aldo Shoes, Apple, Blue Martini, H&M, Macy’s, Michael Kors, P.F. Chang’s, the Capital Grille and Zales.
OGDEN, UTAH — Highland Partners has purchased Christopher Village, an apartment property in Ogden, from a private seller for an undisclosed price. Brock Zylstra and Danny Shin of Institutional Property Advisors (IPA), a division of Marcus & Millichap, represented the seller and procured the buyer in the deal. Built in 1962, Christopher Village offers 114 apartments with fireplaces, storage space, dishwashers and air conditioning. Community amenities include a resort-style swimming pool, laundry facility and reserved covered parking.
SAN DIEGO — Brixton Capital has acquired Carmel Mountain Gateway Plaza in San Diego from Triwell Properties for $21.3 million. This off-market transaction marks Brixton’s fifth California retail acquisition this year. Located at 11465-11495 Carmel Mountain Road, the 44,230-square-foot Carmel Mountain Gateway Plaza was built in 1995 and renovated in 2019. With BevMo! and Ulta Beauty as anchor tenants, the property was 75 percent occupied at the time of sale. Kyle Erthner of UrbanCalifornia represented the seller, while Brixton was self-represented in the deal.
CHICAGO — CEDARst Cos. and Kayne Anderson Real Estate have received a $91 million loan from Invesco Real Estate to finance the acquisition and future tenant improvements at Millie on Michigan, a 47-story apartment tower located at 300 N. Michigan Ave. in Chicago’s Loop. The financing follows the joint venture’s all-cash acquisition of the property in July. The loan proceeds will support the venture’s long-term investment strategy, including capital improvements designed to enhance the resident experience and retail environment. Completed in 2022, Millie on Michigan includes 289 luxury apartment units and 25,000 square feet of retail space. Occupancy exceeded 95 percent at the time of purchase. Amenities include a rooftop pool, coworking spaces, a fitness center, dog run and integrated smart home technology. The project is part of CEDARst Opportunistic Fund, which launched in February.
SCHAUMBURG, ILL. — UrbanStreet Group has broken ground on a 30-acre retail district at Veridian in the Chicago suburb of Schaumburg. The first phase of the district is expected to open in 2027 for apartments; retail turnover is slated for fall 2026. The Veridian project involves the transformation of the former Motorola campus. The first phase of the retail district will include 100,000 square feet of walkable retail and international cuisine, anchored by a 26,000-square-foot The Fresh Market grocery store along with 321 apartments and year-round community programming. At full build-out, the district will include more than 200,000 square feet of retail and restaurant space and more than 600 apartment units, adding to the 225-acre Veridian site that is already home to Topgolf; corporate users such as The Boler Co., Zurich North America, Motorola Solutions and DR Horton; and multiple residential communities. The groundbreaking is the latest milestone for the project, which began a decade ago. In 2015, Motorola announced it would relocate its headquarters to downtown Chicago. The following year, UrbanStreet Group acquired the property and began planning the redevelopment. In 2018, the Village of Schaumburg approved a new zoning ordinance, clearing the way for Veridian’s master plan. By …