Sunday, February 8, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Property Type

DevelopmentLeasing ActivityMixed-UseMultifamilyNorth CarolinaRestaurantRetailSoutheast

Ardent Closes on Land Acquisition for Westside Bottling Project in Durham, Signs Leases With Sprouts and Shake Shack

by John Nelson

DURHAM, N.C. — The Ardent Cos. has closed on the land acquisition for Westside Bottling, a mixed-use development located on the former Durham Coca-Cola Bottling Co. warehouse site in Durham. Ardent plans to break ground in August on the development, which at full build-out will feature 70,000 square feet of retail space, 370 multifamily residences and 35 for-sale townhomes. Westside Bottling’s retail component is currently 70 percent preleased to tenants including Sprouts Farmers Market, Shake Shack, Ulta Beauty, Club Pilates, First Watch and Vernis Nail Salons. First Citizens Bank, which had an existing bank branch on the site, will continue to operate at Westside Bottling. The development sits three miles west of downtown Durham and north of Duke University and Duke University Medical Center.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentMarylandSoutheastStudent Housing

MCB Opens 473-Bed Student Housing Community Near Morgan State University in Baltimore

by John Nelson

BALTIMORE — MCB Real Estate has opened The Enolia, a 473-bed, off-campus student housing community located at 4529 Harford Road in Baltimore. The $58 million development is situated less than a mile from Morgan State University’s campus. Named after Baltimore civil rights leader and first female NAACP president Enolia Pettigen McMillan, The Enolia features 151 apartments, each with bed-to-bath parity and fully furnished with washers and dryers, quartz countertops and stainless steel appliances. Amenities include a fitness center, game room, study rooms with private huddle areas, lounges, an outdoor courtyard with three terraced levels, lawn areas and a firepit. The Enolia represents the first ground-up student housing development serving Morgan State students in 20 years, according to MCB.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentFloridaSeniors HousingSoutheast

Chancey Development Delivers 86-Unit Seniors Housing Community on Marco Island in Southwest Florida

by John Nelson

MARCO ISLAND, FLA. — Chancey Development, in partnership with BRW Development and Watermark Retirement Communities, has delivered The Watermark at Marco Island, a new, 86-unit seniors housing community on Marco Island in southwest Florida. This marks the first senior living community on the island. Totaling 103,000 square feet, the property features 66 assisted living and 20 memory care units. Chancey Architecture & Design designed the community, with Wichman Construction serving as the general contractor. Chancey also partnered with the City of Marco Island to create a public park adjacent to the property, which is located with proximity to an urgent care facility.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsFloridaRetailSoutheast

Real Estate Fund Acquires Merritt Crossing Shopping Center on Florida’s Space Coast for $9.1M

by John Nelson

MERRITT ISLAND, FLA. — MHCommercial Real Estate Fund II, a private equity fund launched by South Florida-based commercial real estate services firm NAI Merin Hunter Codman Inc., has acquired Merritt Crossing, a 90,000-square-foot shopping center on Florida’s Space Coast, for approximately $9.1 million. John Crotty, Michael Fay, David Duckworth, Brian De La Fe and Philip Shapiro of Avison Young represented the seller, Dechomai Asset Trust Number Three LLC, in the transaction. Matthew Brown, Nicholas White and Will Rosenfield represented the buyer on an internal basis. DG Market and Planet Fitness anchor the shopping center, which is situated on 15.3 acres at 239 Crockett Blvd. on Merritt Island. Merritt Crossing was 92.3 percent leased at the time of sale. NAI Merin Hunter Codman will manage the shopping center, and Holly Carver and Lisa Earnhardt of Rocket City Commercial Real Estate will lease the property on behalf of the new ownership. Since launching in 2022, MHCommercial Real Estate Fund II has purchased nine properties totaling 1.1 million square feet.

Continue Reading
FacebookTwitterLinkedinEmail
Axis-Office-Campus-Anaheim-CA
AcquisitionsCaliforniaOfficeWestern

ParkTerra, JEN Partners Buy 306,664 SF Axis Office Campus in Anaheim, California

by Amy Works

ANAHEIM, CALIF. — ParkTerra and JEN Partners have acquired Axis, an office campus in Anaheim, from a joint venture between a global banking giant and Pendulum Property Partners for $62.5 million. CBRE National Office Partners’ Anthony DeLorenzo, Sammy Cemo and Bryan Johnson represented the seller. CBRE’s Greg Sullivan, Jennifer Whittington, David Dowd and Matt Didier also advised the seller on the transaction. Axis offers 306,664 square feet of office space at 2121-2170 Towne Centre Place, 2190 Town Centre Place and 2390 Orangewood Ave. The campus offers a creative office building tailored for owner-users, a residential redevelopment site and a high-end office asset.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsRetailSoutheastVirginia

Colliers Negotiates $8.6M Sale of Lynnhaven Square Retail Center in Virginia Beach

by John Nelson

VIRGINIA BEACH, VA. — Colliers has negotiated the $8.6 million sale of Lynnhaven Square, a two-property retail center located at 2077-2085 Lynnhaven Parkway in Virginia Beach. Jeff Fritz and Jay O’Donnell of Colliers represented the undisclosed seller, a tenancy in common (TIC) entity, in the transaction. The undisclosed buyer has tapped George Fox of Colliers to provide leasing advisory services at Lynnhaven Square, which was fully leased at the time of sale to tenants including Wingstop, Cold Stone Creamery, Virginia ABC, Coastal Vision and The UPS Store. Situated on 2.4 acres, the property is part of Salem Crossing, a larger 450,000-square-foot retail development.

Continue Reading
FacebookTwitterLinkedinEmail
Burton-House-Beverly-Hills-CA
CaliforniaHospitalityLoansWestern

Mesa West Capital Provides $55M Refinancing for Burton House Beverly Hills Hotel in Los Angeles

by Amy Works

LOS ANGELES — Mesa West Capital has provided an affiliate of Seaview Investors with $55 million in first mortgage debt to refinance Burton House Beverly Hills, a 186-room full-service hotel in West Los Angeles. Eastdil Secured arranged the five-year, nonrecourse financing. Seaview, which has been an investment partner in the hotel since 2003, recently completed a $13.7 million renovation as part of a repositioning under Marriott’s Tribute Portfolio Hotels & Resorts brand. Improvements included the redesign of guest rooms, the development of the Emerald Lounge, a new dining and social concept, updated entrances, a revamped lobby, new fitness center and a 1,100-square-foot yoga and Pilates studio. The refinancing provides the sponsor time to continue driving operating performance under the new brand and to compete with other luxury hotels in the Beverly Hills market, according to Mesa West.

Continue Reading
FacebookTwitterLinkedinEmail
Canyon-Ridge-Apts-Boise-ID.jpg
DevelopmentIdahoMultifamilyWestern

Hawkins Completes 288-Unit Canyon Ridge Multifamily Property in Boise

by Amy Works

BOISE, IDAHO — Hawkins has completed Canyon Ridge, an apartment community in southeast Boise. Located at 2552 E. Gowen Road, Canyon Ridge features 288 one-, two- and three-bedroom apartments. Community amenities include a resort-style outdoor pool, dedicated dog park and 6,000-square-foot clubhouse. Canyon Ridge is located near the 161-acre Simplot Sports Complex, Mircon’s North Campus and Albertsons. ESI served as general contractor for the project.

Continue Reading
FacebookTwitterLinkedinEmail
Terre-Ballantyne-Apts-El-Cajon-CA
AcquisitionsCaliforniaMultifamilyWestern

IPA Brokers $14.4M Sale of Apartment Community in El Cajon, California

by Amy Works

EL CAJON, CALIF. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Terre at Ballantyne, a multifamily property in El Cajon. The asset traded for $14.4 million. Chris Zorbas, Alexander Garcia Jr. and Kyle Pinkalla of IPA represented the undisclosed seller and procured the undisclosed buyer in the deal. Terra at Ballantyne features 60 units spread across 10 two-story buildings. Apartments offer air conditioning and heating, large closets and patios or balconies on select units. Community amenities include two swimming pools and two laundry facilities. At the time of sale, the property was 97 percent occupied with 40 percent of the units renovated.

Continue Reading
FacebookTwitterLinkedinEmail
1420-N-Bullard-Ave-Goodyear-AZ.jpg
AcquisitionsArizonaRestaurantRetailWestern

CBRE Negotiates Sales of Two Retail Ground Leases in Goodyear, Arizona for $6.7M

by Amy Works

GOODYEAR, ARIZ. — CBRE has negotiated the sales of two adjacent single-tenant ground lease properties at 1420 and 1460 N. Bullard Ave. in Goodyear. Two separate West Coast-based private capital exchange buyers acquired the assets for a combined total of $6.7 million. Benjamin Farthing and Owen Littrell of CBRE represented the seller, Tradecor Partners Goodyear LLC, in the transactions. Bubba’s 33 is located at 1460 N. Bullard Ave. and features a brand new 15-year absolute triple-net ground lease on a 1.7-acre parcel. The property sold for $3.5 million. Located at 1420 N. Bullard Ave., the double drive-through White Castle on a 1-acre parcel sold for $3.2 million.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts