Saturday, February 7, 2026
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AcquisitionsIllinoisMidwestMultifamily

Interra Realty Brokers Sale of Historic Building in Chicago for $2.5M

by Kristin Harlow

CHICAGO — Interra Realty has brokered the sale of the Chicago Defender Building in Chicago’s Bronzeville neighborhood for $2.5 million. Built in 1899 and designed by Henry Newhouse, the property served as a Jewish synagogue before housing the Chicago Defender newspaper from 1920 to 1960. In 2016, the building was renovated to include one ground-floor commercial space and eight apartment units. A medical supply company currently occupies the commercial space. Joe Smazal of Interra represented the seller, TRB Properties One LLC, as well as the undisclosed buyer.

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AcquisitionsMidwestMissouriRetail

Block & Co. Purchases Goodyear-Occupied Property in Kansas City

by Kristin Harlow

KANSAS CITY, MO. — An investment group headed by Block & Co. Inc. Realtors has purchased a Goodyear Auto Service-occupied property in Kansas City for an undisclosed price. The 6,840-square-foot building is located at 7620 Wornall Road. Block & Co. will provide property management services for the asset. This is the second net-lease investment purchase for the company so far this year.

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Leasing ActivityMidwestMissouriRestaurantRetail

Loaded Elevated Nachos Opens at Streets of St. Charles in Suburban St. Louis

by Kristin Harlow

ST. CHARLES, MO. — Loaded Elevated Nachos is now open at The Streets of St. Charles in suburban St. Louis. The nacho concept occupies 1,400 square feet at 1450 Beale St., which is also home to Narwhal’s Crafted, Yoga Six and Napoli III. The menu boasts 10 different nacho dishes. Loaded is a new concept from the owners of Narwhal’s Crafted, a frozen drink bar. The Streets of St. Charles is a 27-acre development with retail, dining, entertainment, hospitality, multifamily and office components. Cullinan Properties Ltd. is the owner and manager.

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Habitat-Suites-Austin
DevelopmentHospitalityTexas

PEG Cos. Acquires Austin Hotel, Plans Class B Multifamily Conversion

by Taylor Williams

AUSTIN, TEXAS — PEG Cos., a Utah-based investment and development firm, has acquired The Habitat Suites Austin, an extended-stay hotel located at 500 E. Highland Mall Blvd. in Austin. The company plans to convert the hotel into a Class B multifamily community. PEG plans to undertake a full renovation of the property, including the addition of new amenities like a fitness center and workspaces. Completion is slated for the summer.

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IndustrialLeasing ActivityTexas

Cargoquin Signs 118,842 SF Industrial Sublease in Laredo, Texas

by Taylor Williams

LAREDO, TEXAS — Logistics and foreign trade services firm Cargoquin Inc. has signed a 118,842-square-foot industrial sublease at 810 Nafta Blvd. in the South Texas city of Laredo. Matthew Boltz, Trace Elrod, Garrett Gibbons Jr., Chris Mason, John Beach, Reggie Beavan III, Andy Iversen, Jack Brewer and Chris Mathis of Newmark represented the sublandlord, SL Source Logistics Laredo LLC, in the lease negotiations. Forum CRE represented the subtenant.

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DevelopmentMultifamilySeniors HousingTexas

Gardner Capital Breaks Ground on Affordable Seniors Housing Project in Hurst, Texas

by Taylor Williams

HURST, TEXAS — Gardner Capital has broken ground on Gala at Central Park, an affordable seniors housing community in the Fort Worth suburb of Hurst. The 94-unit complex, which will offer a mix of one- and two-bedroom apartments, will include a three-story residential building and a two-story clubhouse with a variety of amenities. Construction in slated for completion in early 2022. Treymore Construction will serve as general contractor for the project. Hurst Public Facility Corp. is the development partner, while NDC Corporate and Redstone are the financial partners for the transaction.

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AcquisitionsHospitalityTexas

Marcus & Millichap Brokers Sale of 82-Room Hotel in Dallas

by Taylor Williams

DALLAS — Marcus & Millichap has brokered the sale of the Comfort Inn North Dallas Galleria, an 82-room hotel located at 7815 LBJ Freeway that is operated under the Choice Hotels International brand. Chris Gomes and Allan Miller of Marcus & Millichap represented the seller and procured the buyer in the transaction. Both parties were private investors that requested anonymity.

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IndustrialLeasing ActivityNAITexas

NAI Partners Negotiates 15,000 SF Industrial Lease in Metro Houston

by Taylor Williams

MISSOURI CITY, TEXAS — NAI Partners has negotiated a 15,000-square-foot industrial lease at 1519 Industrial Drive in Missouri City, a southwestern suburb of Houston. According to LoopNet Inc., the property was built in 2019. Jake Wilkinson and Darren O’Conor of NAI Partners represented the undisclosed landlord in the transaction. The representative of the tenant, logistics firm CW Global, was also not disclosed.

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ColoradoDevelopmentMultifamilySeniors HousingWestern

Solterra Starts Construction of $38M Bridgewater Senior Living in Castle Rock, Colorado

by Jeff Shaw

CASTLE ROCK, Colo. — Solterra Cos. has broken ground on Bridgewater Living, a 142-unit seniors housing community in Castle Rock, approximately 30 miles south of Denver. The property is located on a 6.6-acre site. Although the type of care was not disclosed, Solterra describes the development as a “health and wellness campus for those looking to live a longer and healthier life.” Development costs were estimated at $38 million. Funding was in partnership with the Douglas County Housing Authority and Multi-Family Housing Revenue Bonds. The community is scheduled to open in summer 2022.

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DevelopmentGeorgiaIndustrialSoutheast

Cottrell to Build $125M Manufacturing Facility in Gainesville, Georgia

by Julia Sanders

GAINESVILLE, GA. — Cottrell, a locally based trailer manufacturer, will build a second manufacturing facility in Gainesville valued at $125 million. The 500,000-square-foot facility will serve as the Cottrell’s North Campus, adjacent to its existing South Campus in Hall County. Cottrell, which specializes in manufacturing trailers that haul cars (or auto haulers), opened its first facility in 1973 at 2125 Candler Road in Gainesville. The company expects land development and facility construction to take 24 to 30 months to complete and plans to break ground during the third quarter of 2021. Certain aspects of production will be transferred to the new North Campus facility when complete, while the existing buildings of the South Campus will be used to support future business growth. Cottrell currently employs more than 1,000 people at its Gainesville facility, and it is looking to hire more after the second facility is built. Kristi Brigman of Georgia Department of Economic Development (GDEcD) represented the Global Commerce Division on this project in partnership with the Greater Hall Chamber of Commerce, the City of Gainesville and Jackson EMC.

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