Property Type

JLL Negotiates $34.9M Sale of Waterfront Retail Center in San Diego

by Amy Works August 28, 2025

SAN DIEGO — JLL Capital Markets has arranged the $34.9 million sale and financing of The Headquarters, an open-air shopping center in San Diego’s Marina District at the entrance to Seaport Village. A private real estate investment firm sold the property to a private real estate partnership. Located at 789 W. Harbor Drive, The Headquarters features 73,823 square feet of retail space. The former San Diego Police headquarters complex was completely repositioned in 2013 and features a mix of food and beverage, daily needs and apparel tenants. At the time of sale, the property was 83.3 percent leased. Current tenants include Eddie V’s, The Cheesecake Factory, Puerto, Galpão Gaucho Brazilian Steakhouse, Wedgewood Weddings and Starbucks Coffee. Gleb Lvovich, Geoff Tranchina and Daniel Tyner of JLL represented the seller in the transaction. Gregg Shapiro and John Marshall of JLL assisted with the deal.

August 28, 2025

Colorado Development Multifamily Seniors Housing Western

Headwaters Begins Preleasing 172-Unit Active Adult Community in Centennial, Colorado

by Amy Works August 28, 2025

CENTENNIAL, COLO. — Headwaters Group has begun preleasing at Aspendale Centennial, the owner’s first community under its new Aspendale active adult brand. Greystar will operate the community on behalf of Headwaters. Totaling 203,653 square feet, Aspendale Centennial in Centennial features 172 apartments across four stories. Move-ins are scheduled to begin this October. Amenities at the property include a two-story clubhouse with a fitness room, art and activity areas, and gathering spaces. Other amenities include a lap pool, spa and community garden.

August 28, 2025

Acquisitions Colorado Retail Western

Platinum CRE Brokers $3.5M Sale of Retail Building in Denver

by Amy Works August 28, 2025

DENVER — Platinum Commercial Real Estate (CRE) has arranged the sale of 2000 North Broadway, a freestanding retail building in Denver. Broadway Cali Partners LLC sold the property to 2000 N Broadway Denver LLC for $3.5 million. Paul Cattin of Platinum CRE represented the seller, while Kara Turner of Cushman & Wakefield represented the buyer in the deal.

August 28, 2025

Arizona Industrial Loans Western

PSRS Arranges $3.3M Refinancing of Commercial Kitchen Facility in Phoenix

by Amy Works August 28, 2025

PHOENIX — PSRS has arranged $3.3 million in refinancing for a commercial kitchen facility in Phoenix. The property features 22 private, health department-approved commercial kitchens ranging from 250 square feet to 500 square feet. Shared amenities include walk-in freezers and coolers, dry storage and dedicated areas for pick-up, delivery and order fulfillment. Mike Davis and Garrett Carter of PSRS secured the loan that includes a three-year term and 25-year amortization schedule through one of PSRS’ correspondent life insurance company lenders.

August 28, 2025

Acquisitions Michigan Midwest Office

Friedman Real Estate Arranges Auction Sale of 640,000 SF Office Campus in Metro Detroit

by Kristin Harlow August 28, 2025

SOUTHFIELD, MICH. — Friedman Real Estate has arranged the auction sale of West 11, a three-building office campus spanning 23.9 acres and totaling more than 640,000 square feet in the Detroit suburb of Southfield. The undisclosed buyer plans to convert the property into mixed-use. Friedman worked with auction partner Ten-X. The sales price and seller were not disclosed.

August 28, 2025

Affordable Housing Development Midwest Multifamily Nebraska

Annex Group Opens $52.7M Affordable Housing Development in Lincoln, Nebraska

by Kristin Harlow August 28, 2025

LINCOLN, NEB. — The Annex Group has opened Union at Antelope Valley, a 187-unit affordable housing development in Lincoln. The $52.7 million community features one-, two- and three-bedroom units that are reserved for households whose income levels are at or below 60 percent of the area median income. The property features amenities such as a community center, fitness center, dog park and courtyard. The ground floor of the building houses a parking garage, and the residential levels are on the top four floors. Project partners included BVH Architecture, REGA Engineering Group, Summit LIHTC Consulting, NP Dodge, US Bancorp Impact Finance and Cedar Rapids Bank & Trust. The Nebraska Investment Finance Authority also partnered with Annex Group on the project.

August 28, 2025

Acquisitions Illinois Midwest Multifamily

Kiser Group Brokers $33.9M Sale of Avondale Luxury Townhouse Community in Chicago

by Kristin Harlow August 28, 2025

CHICAGO — Kiser Group has brokered the $33.9 million sale of The Avondale, a 52-unit luxury townhouse community located at 4200 W. Belmont Ave. in Chicago. Built by Noah Properties, the asset sold to an out-of-state investor. The property features a mix of three-, four- and five-bedroom units. Each residence features a two-car garage and a rooftop deck. At the time of sale, the community was 92 percent occupied. The buyer plans to reposition the asset by selling the units individually as townhome condominiums. Andy Friedman, Jake Parker and Viktor Radzieta of Kiser brokered the sale.

August 28, 2025

Indiana Industrial Leasing Activity Midwest

Hearn Industrial Services Signs 197,587 SF Lease in East Chicago, Indiana

by Kristin Harlow August 28, 2025

EAST CHICAGO, IND. — Hearn Industrial Services has signed a 197,587-square-foot lease at 1200 W. 145th St. in East Chicago. The Missner Group owns the newly developed industrial building. The tenant, a third-party logistics provider supporting Ford Motor Co.’s South Side Chicago plant, will utilize the space for the storage and distribution of parts for automotive manufacturing. The Missner Group is serving as general contractor for the build-out, which includes customized office and warehouse configurations. The 249,600-square-foot building was developed on a speculative basis and is now fully leased.

August 28, 2025

Leasing Activity Michigan Midwest Retail

Back Nine Golf Simulator Inks 2,127 SF Lease at Crosswinds Mall in West Bloomfield, Michigan

by Kristin Harlow August 28, 2025

WEST BLOOMFIELD, MICH. — The Back Nine Golf Simulator has signed a 2,127-square-foot retail lease at Crosswinds Mall in West Bloomfield. Michael Murphy of Gerdom Realty & Investment represented the tenant, which is opening its ninth location in Michigan. Marvin Petrous of Signature Associates represented the undisclosed landlord.

August 28, 2025

Industrial Market Reports Midwest Midwest Market Reports Ohio

Why Industrial Users Are Taking a Closer Look at Cleveland

by Kristin Harlow August 28, 2025

By David Stecker, JLL As advanced manufacturing reshapes industrial real estate across the Midwest, Cleveland is emerging as a quietly powerful hub — offering scalable space, a strategic location and infrastructure ideal for high-growth sectors. While other Midwest metros have gained national attention for headline-grabbing investments, Cleveland is carving out its own unique path to growth, supported by advanced industries, a skilled workforce and a strong real estate foundation. The region’s industrial market remains competitive and resilient, even amid broader economic headwinds. Despite the recent move-out of Joann Fabric’s 1.4 million-square-foot facility in Summit County, overall fundamentals remain healthy, and Class A space is in especially high demand. For high-tech and manufacturing users seeking logistics-ready facilities in a cost-effective market, Cleveland delivers — offering the right mix of space, speed and strategic location that today’s industrial users are actively pursuing. A market of opportunity According to JLL’s second-quarter 2025 Cleveland Industrial Insights Report, total vacancy in the market sat at 3.8 percent. While this represents a slight uptick following Joann’s exit, it still signals robust market health. Class A availability is especially tight, driven by a wave of large leases signed in newly developed properties. That momentum is putting upward …

August 28, 2025

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