TUCSON, ARIZ. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the sale of Casa Estrella del Norte, an apartment community in Tucson. Hamid Panahi, Clint Wadlund, Steve Gebing and Cliff David of IPA represented the seller and procured the buyer. Terms of the deal were not released. Built in 1959 on 7.4 acres, Casa Estrella del Norte features 196 studio and one-bedroom apartments spread across eight residential buildings and a standalone clubhouse.
SALIDA, COLO. — Prime Investment Properties has arranged the sale of Silver Ridge Lodge in Salida. An undisclosed California-based buyer acquired the motel for an undisclosed price. The recently renovated motel features 35 guest rooms, an owner’s quarters and a four-unit building dedicated to staff housing. Dan Emert of Prime Investment Properties and Hotel Brokers International represented the undisclosed seller and assisted the buyer in the transaction.
PHOENIX — Sword Industrial Partners has purchased Mountain Vista Commerce Center, a three-building industrial complex in Phoenix’s Southwest Valley. Sword Industrial Partners was formed by MAG Capital Partners and Scott Word to pursue multi-tenant infill industrial properties in the Western United States. Located at 14647 S. 50th St., the 135,000-square-foot Mountain Vista Commerce Center features 18-foot clear heights, 33 grade-level roll-up doors and flexible floor plates of varying bay depths. At the time of sale, the warehouse asset was fully leased to tenants in engineering, real estate and light manufacturing. Eric Wichterman, Chris Toci, Mike Coover, Will Strong, Phil Haenel, Foster Bundy, Molly Hunt, Jack Stamets and Madeline Warren of Cushman & Wakefield represented the seller, a Dallas-based private fund. Terms of the transaction were not released.
NOBLESVILLE, IND. — ACRES Capital has provided a $54.3 million loan for the refinancing of Promenade Trails, a 210-unit multifamily community in the Indianapolis suburb of Noblesville. The age-restricted property offers one- and two-bedroom units with 476 parking spaces, a pool, sun deck, fitness center, pet spa, clubhouse and dog park. Justus Cos. was the borrower.
CHICAGO — Convexity Properties, the real estate development arm of DRW Holdings, has acquired a retail site in Chicago’s Gold Coast neighborhood for $39 million. Located at 1120 and 1130 N. State St., the two-story building was formerly occupied by Barnes & Noble and is currently home to Lou Malnati’s Pizzeria. Mid-America Real Estate Corp. represented Convexity in the acquisition and has been appointed to oversee all retail leasing efforts for the property. Convexity also owns the adjacent Viceroy Hotel at 1118 N. State St. While development plans for the newly acquired parcel have not yet been announced, the property is zoned for a 304-unit, 345-foot residential tower, which was approved by the city council in 2021.
BOARDMAN, OHIO — Academy Sports + Outdoors has opened a 55,000-square-foot store at Southland Crossings in Boardman, about 50 miles east of Akron. First National Realty Partners owns the 245,678-square-foot shopping center. The lease backfills a former vacancy and replaces a short-term tenant. The store offers a wide array of sporting goods, outdoor recreation equipment and apparel. Additional tenants at the property include Bob’s Discount Furniture, Boot Barn, Giant Eagle, PetSmart and Ross Dress for Less.
CHICAGO — Interra Realty has arranged the $3.2 million sale of a 16-unit apartment building in Chicago’s West Ridge neighborhood. Constructed in 1931 and renovated in 2023, the property at 6254 N. Whipple St. features two-bedroom units. The building was fully occupied at the time of sale. Brad Feldman of Interra represented the buyer and seller, both of which were local private investors. Feldman also assisted the seller in the original $1.8 million acquisition of the asset in 2023. At that time, the property had not changed hands in more than 50 years and needed significant upgrades. The seller’s investment equated to a nearly $85,000 increase in price per unit and increased rents.
LENEXA, KAN. — Copaken Brooks has announced that three new restaurants are coming to the AdventHealth Campus at Lenexa City Center in Kansas. Five Four, Urban Egg and Stoney River Steakhouse and Grill will open between 2026 and 2027. AdventHealth in Lenexa offers emergency care, outpatient services, advanced imaging and physician offices. Formerly 54th Street, Five Four will introduce the newest prototype of the Kansas City-based restaurant with a 10,000-square-fot standalone building with both indoor dining and an outdoor games area. Slated to open in fall 2026, this will be Five Four’s ninth metro location and second in Johnson County. Ferguson Properties represented the restaurant in the lease. Urban Egg, a Colorado-founded breakfast and brunch concept with 11 locations across three states, will occupy a 3,400-square-foot restaurant. The Lenexa location is slated to open in late 2026. The Retail Group represented Urban Egg in the lease. Stoney River, owned by SPB Hospitality, will make its Kansas City debut in an 8,000-square-foot space. The steakhouse is slated to open in early 2027. Pace Properties represented the tenant. Urban Egg and Stoney River will be located within a new mixed-use building, which Copaken Brooks will begin constructing in October. The property will …
Orlando has emerged as one of the Southeast’s most competitive retail markets, where robust tenant demand and limited supply are driving both leasing velocity and investor urgency. With availability near historic lows below 4 percent and most new construction preleased, the market offers few options for the wave of private and institutional capital targeting Central Florida. This imbalance is fueled by strong population growth and resilient consumer spending. Quality retail assets continue to trade quickly, while lower-tier properties remain on the market longer. Buyer pricing remains grounded in fundamentals, and the gap between buyers and sellers has narrowed, making deals increasingly feasible. Investment activity has accelerated in 2025, following 12 to 18 months of steady engagement from private capital. Institutional buyers, including REITs and national funds, are now re-entering the market, primarily targeting stabilized assets in high-growth suburban corridors where tenant rosters offer long-term income visibility. Unanchored and grocery-anchored centers remain in high demand, especially in infill locations with constrained supply and strong population growth. While investor appetite is strong, today’s environment has created a bifurcated market. Well-located, quality centers continue to trade quickly, often with multiple offers, while less desirable assets linger. 1031 exchange buyers and out-of-state groups remain …
HOUSTON — A joint venture between Trammell Crow Co. (TCC) and Japanese developer Daiwa House has completed Blue Ridge Commerce Center, a 1.3 million-square-foot industrial project in southwest Houston. Construction began in August 2024. The site spans 92 acres at the northwest corner of Fort Bend Parkway and McHard Road in Fort Bend County. The development consists of five buildings that range in size from 153,928 to 431,017 square feet. The buildings feature a mix of front-load, rear-load and cross-dock configurations with clear heights that range from 28 to 36 feet. Seeberger Architecture designed the project, and E.E. Reed Construction served as the general contractor. Sumitomo Mitsui Banking Corp. financed the development, and CBRE is marketing the space for lease. Another project partner, Linco Construction, undertook infrastructure improvements as part of the project, which included new public roads, traffic signals, underground utilities, a regional storm water detention pond and public sidewalks. “The greater Houston region continues to prove itself as a magnate for modern logistics and manufacturing users,” says George Farish, principal at TCC. “With immediate access to major transportation corridors including the Fort Bend Parkway, Beltway 8 and U.S. Highway 90, we’re confident that Blue Ridge will serve as …
