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The-Link-at-Uptown-Dallas
AcquisitionsOfficeTexas

Newmark Arranges $218M Sale of Link at Uptown Office Building in Dallas

by Taylor Williams

DALLAS — Newmark has arranged the $218 million sale of The Link at Uptown, a 25-story office building in Dallas. Completed in 2021, The Link at Uptown spans 292,000 square feet and is home to tenants such as Houlihan Lokey, PMG and McGuireWoods. Amenities include a customer lounge, fitness and conference centers and an outdoor terrace with an activity lawn. Chris Murphy, Robert Hill, Gary Carr and Austin Sheahan of Newmark represented the seller and developer, Kaizen Development Partners, in the transaction. The buyer was Atlanta-based REIT Cousins Properties (NYSE: CUZ). The property was approximately 94 percent leased at the time of sale.

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CaliforniaDevelopmentLoansMixed-UseMultifamilyRetailWestern

MMCC Arranges $64M in Construction Financing for Rancho Cucamonga Mixed-Use Development

by Amy Works

RANCHO CUCAMONGA, CALIF. — Marcus & Millichap Capital Corp. (MMCC) has arranged $64 million in financing for the construction of a mixed-use development project at 8500 Haven Ave. in Rancho Cucamonga. Ron Bayls of MMCC secured the financing through Parkview Financial on behalf of a private developer. At full build-out, the 248-apartment project will feature six residential buildings, a mixed-use building, ground-floor commercial space and a retail building. Planned apartment amenities include a pool, fitness center, pickleball court, clubhouse, onsite laundry and landscaped outdoor areas.

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Venue-Orange-Redlands-CA
AcquisitionsCaliforniaMultifamilyWestern

Sentinel Real Estate Acquires 328-Unit Apartment Community in Redlands, California

by Amy Works

REDLANDS, CALIF. — Sentinel Real Estate has purchased The Venue at Orange, an apartment community in Redlands, approximately 60 miles east of downtown Los Angeles. Terms of the transaction were not released. Completed in 2023, the 328-unit, garden-style property is comprised of seven buildings including six residential structures and a mixed-use community clubhouse. The Venue on Orange offers a mix of one-, two- and three-bedroom units featuring nine-foot ceilings, full-sized washers and dryers, fully equipped kitchens with islands, stainless steel appliances, quartz countertops and tile backsplashes. Community amenities include a pool, spa, fitness center with a yoga/Pilates studio and spin room, a lounge and game room, chef’s kitchen and a coffee bar. Additionally, residents have access to a business center with private and open coworking spaces, a media room, grilling areas, EV charging stations and automated package lockers with controlled access via gated community entry.

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AcquisitionsCaliforniaOfficeWestern

Lincoln Property Co., NYLREI Buy Creative Office Building in San Francisco

by Amy Works

SAN FRANCISCO — Lincoln Property Co. and New York Life Real Estate Investors (NYLREI) have acquired 600 Townsend West, a creative office building San Francisco’s Design District. The five-story, 210,000-square-foot building offers average floor plates of 42,000 square feet, a top-floor terrace, a two-story lobby, an outdoor courtyard, shuttle service to BART, secure car and bike parking and LEED Gold certification. At the time of sale, the property was 90 percent leased. Terms of the transaction, which was handled by JLL, were not disclosed. This is the first time the asset has been to for sale since it’s original development in 1989.

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2225-Overland-Ave-Billings-MT
AcquisitionsHospitalityMontanaWestern

Veeder Hospitality Associates Sells 137-Key Courtyard Billings Hotel in Montana

by Amy Works

BILLINGS, MONT. — Veeder Hospitality Associates LLC has sold Courtyard Billings, a 137-room leisure and business hotel in Montana, to InterMountain Management for an undisclosed price. Constructed in 2024, the four-story Courtyard Billings offers meeting event spaces, a restaurant and fitness and business centers. Skyler Cooper, Chris Gomes and Allan Miller of Marcus & Millichap represented the seller and procured the buyer in the deal. Adam Christofferon of Marcus & Millichap assisted in closing the deal as the broker of record.

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LoansMultifamilyOregonWestern

GREA Capital Secures $4M Loan for Refinancing of Oregon Multifamily Property

by Amy Works

LINCOLN CITY, ORE. — The Capital Services Group of Global Real Estate Advisors (GREA) has secured a $4 million loan for the refinancing of a garden-style apartment complex in Lincoln City, located on Oregon’s coast. The 44,250-square-foot property offers 48 apartments. Matt Swerdlow, Matthew Dzbanek and Anthony Priest of GREA Capital Services arranged the transaction. Adam Smith of GREA provided local advisory services for the deal. The loan featured a 10-year term, 30-year amortization schedule and no prepayment penalty.

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AMLI-North-Park-Austin
DevelopmentMultifamilyTexas

AMLI Residential Completes 360-Unit Multifamily Project in Austin’s Mueller District

by Taylor Williams

AUSTIN, TEXAS — AMLI Residential has completed a 360-unit multifamily project in Austin’s Mueller District, which is a 700-acre mixed-use redevelopment of a former municipal airport campus. Designed by HLR Architects and O’Brien Architects, AMLI North Park offers studio, one- and two-bedroom units with stainless steel appliances and individual washers and dryers. Amenities include a pool, fitness center, putting green, outdoor grilling and dining areas, sky lounge and makers’ and coworking spaces within a 2,500-square-foot clubroom. Rents start at $1,945 per month for a studio apartment.

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IndustrialLeasing ActivityTexas

Texas Logistic & Fulfillment Services Signs 299,731 SF Industrial Lease in Metro Houston

by Taylor Williams

SUGAR LAND, TEXAS — Texas Logistic & Fulfillment Services has signed a 299,731-square-foot industrial lease in Sugar Land, a southwestern suburb of Houston. The third-party logistics company will occupy the entirety of the building at 12900 W. Airport Blvd., which according to LoopNet Inc. was constructed in 1998. The facility also features a cross-dock configuration and 11,600 square feet of office space. Joseph Smith and Pearce Martens of CBRE represented the tenant in the lease negotiations. Denver-based Sagard Real Estate owns the property.

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AcquisitionsMultifamilyTexas

Colliers Brokers Sale of 87-Unit Apartment Building in Texas City, Texas

by Taylor Williams

TEXAS CITY, TEXAS — Colliers has brokered the sale of Shoal Pointe Apartments, an 87-unit multifamily building in Texas City, located southeast of Houston. Built in 1970 and partially renovated in 2020, Shoal Pointe comprises nine buildings on a 2.5-acre site. Residences come in one-, two- and three-bedroom floor plans. Bob Heard, Chip Nash and Jaleel Adatia of Colliers brokered the deal. The name of the buyer, a private investor, as well as the seller and sales price, were not disclosed.

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Leasing ActivityRetailTexas

Barnes & Noble to Open 18,000 SF Store at Alamo Ranch in San Antonio

by Taylor Williams

SAN ANTONIO — Barnes & Noble will open an approximately 18,000-square-foot store at Alamo Ranch, a 900,000-square-foot retail power center located on the west side of San Antonio. The book retailer is backfilling a space previously occupied by Office Max with one of its smaller-format stores. Charlotte-based Big V Property Group owns Alamo Ranch, which is also home to tenants such as Best Buy, Dick’s Sporting Goods, Ross Dress for Less and Marshalls. A tentative opening date was not disclosed.

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