Property Type

Hyundai Translead Signs 1.4 MSF Industrial Lease in Joliet, Illinois

by Kristin Harlow April 10, 2026

JOLIET, ILL. — Hyundai Translead, a subsidiary of Hyundai Motor Co., has signed a 1.4 million-square-foot lease in Joliet. Industrial Realty Group LLC (IRG) owns the property, which was formerly Caterpillar’s main plant. In addition to the Joliet facility, Hyundai Translead will also move into a second Will County location at the former Lion Electric site. The two expansions will collectively create approximately 2,500 new full-time jobs and represent $450 million of investment. Onno Steger represented IRG on an internal basis. Jerry Sullivan and Ed Wabick of DarwinPW Realty/CORFAC International represented the landlord, while Shamus Conneely of John Greene Commercial represented the tenant.

April 10, 2026

California Development Loans Multifamily Western

Affinius Capital Receives $144M Construction Loan for The Carina Multifamily Project in Santa Ana, California

by Amy Works April 10, 2026

SANTA ANA, CALIF. — Affinius Capital has received $144 million in construction financing for The Carina, an apartment development in Santa Ana. Jamie Kline, Charlie Vorsheck, Nick Englhard and Charlie Paul of JLL Capital Markets secured the three-year, floating-rate loan through QuadReal for the borrower. Located at 2828 N. Main St., The Carina will feature 408 apartments upon completion in October 2028. Construction began in April, with first units scheduled for delivery in May 2028. The nine-story property will offer a mix of studio, one- and two-bedroom apartments with stainless steel appliances, in-unit washers/dryers, quartz countertops, wood plank-style flooring and private balconies. Community amenities will include a resort-style swimming pool on an open-air, fourth-floor deck, an outdoor lounge and kitchen, fitness center, yoga and spin studio, resident game room, individual study rooms and offices, a dog run and wash, and onsite security. Lowe is managing development of the project. Greystar will provide property management for the community.

April 10, 2026

California Loans Multifamily Student Housing Western

Gantry Secures $14M Refinancing for Student Housing Property in Berkeley, California

by Amy Works April 10, 2026

BERKELEY, CALIF. — Gantry has secured a $14 million permanent loan to refinance a near-term maturity for a student housing property located at 2715 Dwight Way in Berkeley. Situated within walking distance of the University of California Berkeley campus, the asset offers 109 beds in 29 units featuring two-, three- and four-bedroom furnished floor plans with modern kitchens, in-unit washers/dryers and hardwood flooring. Tom Dao, Alex Poulos and Toby Judge of Gantry represented the borrower, a private real estate investor. The five-year, fixed-rate, nonrecourse loan was secured from Amalgamated Bank with terms, including introductory interest-only payments transitioning to 30-year amortization, prepayment flexibility and extension options.

April 10, 2026

Acquisitions Arizona Office Western

Beacon Group Acquires 4,665 SF Office Space at Coronado Professional Plaza in Avondale, Arizona

by Amy Works April 10, 2026

AVONDALE, ARIZ. — Beacon Group has purchased 4,665 square feet of office space at Building E, Units 117 and 119 within Coronado Professional Plaza, located at 3400 N. Dysart Road in Avondale. Arizona Agribusiness & Equine Center sold the space for $2 million. Kameron Norwood of Cushman & Wakefield | PICOR represented the buyer, while Joel Moyes of Red Brick Realty represented the seller in the deal.

April 10, 2026

Acquisitions Illinois Midwest Retail

Newmark Arranges $41M Sale of Michigan Avenue Retail Space in Chicago

by Kristin Harlow April 10, 2026

CHICAGO — Newmark has arranged the $41 million sale of the retail portion of 500 North Michigan Avenue along Chicago’s Magnificent Mile. The 21,565-square-foot space is fully leased to tenants such as Bank of America, Chick-fil-A and Vans. The asset traded at a cap rate of 5.93 percent. Keely Polczynski of Newmark represented the undisclosed seller. The buyer was a private investor.

April 10, 2026

Illinois Leasing Activity Midwest Office

Stream Realty Partners to Handle Leasing, Management for 567,531 SF Office Tower in Chicago

by Kristin Harlow April 10, 2026

CHICAGO — FTK Capital has selected Stream Realty Partners to oversee the leasing and property management of 111 W Jackson, a 25-story, 567,531-square-foot office tower located at 111 W. Jackson Blvd. in Chicago’s Central Loop. Ownership is undertaking a strategic reinvestment program to enhance the asset. OTJ Architects is collaborating on the planned improvements, which include updates to the lobby and common areas, expanded amenities and the addition of new spec suites. Plans call for 50,000 square feet of pre-built suites, with an initial 25,000 square feet expected to be completed by late 2026. Matt Lerner and Erica Marshall of Stream will lead leasing, while Charlie Andersen and Jen Bilinski of Stream will oversee property management.

April 10, 2026

Acquisitions Industrial Midwest Wisconsin

CBRE Brokers Sale of 126,335 SF Flex Industrial Property in Milwaukee

by Kristin Harlow April 10, 2026

MILWAUKEE — CBRE has arranged the sale of a five-building, 126,335-square-foot flex industrial property in Milwaukee. Minnesota-based Brait Capital purchased the property from Oyster Two Wisconsin Owner LLC for $6 million. CBRE’s Matson Holbrook, Sean Beuche and Patrick Gallagher represented the seller. Built in 1987, the asset features clear heights ranging from 14.5 to 17 feet, several dock-high and drive-in loading doors and ample parking on a 10-acre site. The property was 67 percent occupied at the time of sale.

April 10, 2026

Loans Multifamily South Carolina Southeast Walker & Dunlop

Walker & Dunlop Arranges $58M Refinancing for Two Multifamily Communities in North Charleston

by Abby Cox April 10, 2026

NORTH CHARLESTON, S.C. — Walker & Dunlop has arranged a $58 million loan to refinance two multifamily communities in North Charleston: Ellevate St. Ives and Ellevate North Charleston. Walker Layne, Matt Wallach, Stephen West, Austin Sneed and Tyler Roberts of Walker & Dunlop secured the floating-rate, interest-only bridge loan through Bridge Investment Group on behalf of the borrower, Chapel Hill, N.C.-based Eller Capital Partners. Located at 7930 St. Ives Road, Ellevate St. Ives comprises 248 apartments ranging in size from 680 to 1,048 square feet, according to Apartments.com. Amenities at the garden-style complex include a clubhouse, car wash area, fitness center, swimming pool, playground, courtyard and grilling and picnic areas. Ellevate North Charleston, which is situated at 2225 Greenridge Road, offers 192 garden-style apartments and features a mix of amenities such as a resort-style swimming pool, fitness center, picnic area, pet play area, dog park, outdoor grills and tennis courts. Both properties participate in South Carolina’s affordable housing tax abatement program, with 75 percent of units reserved for residents making 80 percent or less of the area median income (AMI), and 20 percent of the apartments reserved for residents making 50 percent or less of the AMI, in exchange for …

April 10, 2026

Affordable Housing Development Florida Loans Southeast

McDowell Housing Breaks Ground on $41.9M Affordable Housing Project in Pensacola, Florida

by Abby Cox April 10, 2026

PENSACOLA, FLA. — McDowell Housing Partners has broken ground on Ekos at Warrington, a 120-unit affordable housing community located in Pensacola near the Naval Air Station (NAS). The community will serve a mix of income levels, with 10 percent of units reserved for extremely low-income (ELI) households at 40 percent of the area median income (AMI), and the remaining 90 percent of units serving households at or below 60 percent AMI. Also, 50 percent of the total units will be set aside for active-duty military members, veterans and their families, including half of the ELI units that will be reserved for veterans experiencing homelessness. Ekos at Warrington is expected to be completed in the third quarter of 2027. Located at 280 Dogwood Drive, Ekos at Warrington will span four, three-story buildings, along with a standalone clubhouse. The project will provide 72 one-bedroom, 36 two-bedroom and 12 three-bedroom units ranging in size from 631 to 1,197 square feet. Amenities will include onsite management and maintenance offices, a ﬁtness center, community room with a kitchenette and game tables, media/business center with a computer lab, as well as a swimming pool, playground, dog park, barbecue area and a gazebo. The project will meet National Green …

April 10, 2026

Acquisitions Industrial South Carolina Southeast

JLL Negotiates Sale of 252,720 SF Distribution Facility in Columbia, South Carolina

by Abby Cox April 10, 2026

COLUMBIA, S.C. — JLL Capital Markets has negotiated the sale of Gateway One, a 252,720-square-foot distribution facility located within 803 Industrial Park in Columbia. Pete Pittroff, Dave Andrews, Michael Scarnato and Michael Lewis of JLL represented the seller, locally based Magnus Development Partners, in the transaction. Atlanta-based Invesco Real Estate acquired the property for an undisclosed price. Delivered in 2023 as the first building within 803 Industrial Park, Gateway One features tilt-up concrete construction with rear-load configuration, 260-foot depths, 32-foot clear heights, ESFR sprinkler systems and energy-efficient LED lighting with motion sensors. The property is fully leased to four tenants across industries such as manufacturing, consumer products distribution, outdoor recreation and specialty automotive solutions. Gateway One also sits adjacent to Columbia Metropolitan Airport, with immediate access to I-26 and I-77.

April 10, 2026

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