Wednesday, July 1, 2026
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AcquisitionsIndustrialMarylandSoutheast

Marcus & Millichap Brokers $9.1M Sale of Industrial Facility in Annapolis, Maryland

by John Nelson

ANNAPOLIS, MD. — Marcus & Millichap has brokered the $9.1 million sale of an industrial facility located at 1812-1820 Margaret Ave. in Annapolis, about 30 miles east of Washington, D.C. The 41,059-square-foot, two-story facility sits on nearly 1.7 acres within the Annapolis Design District. The infill property, which was fully leased at the time of sale to six tenants, features open warehouse space with 22-foot ceiling heights, skylights and reserved parking. The facility also includes a 2,541-square-foot flex/showroom suite with a 600-square-foot office on the second level. John Faus and Bryn Merrey of Marcus & Millichap represented the seller and procured the buyer, a private investor, in the transaction. Both parties requested anonymity.

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The-Lariat-Amarillo
LoansMultifamilyTexas

Dwight Mortgage Trust Provides $53M HUD-Insured Financing for Amarillo Multifamily Project

by Taylor Williams

AMARILLO, TEXAS — Dwight Mortgage Trust, the affiliate REIT of New York City-based Dwight Capital, has provided $53 million in HUD-insured financing for construction of The Lariat, a 312-unit multifamily project that will be located in Amarillo. The Lariat will consist of 13 three-story residential buildings, a clubhouse/leasing center and six garages on a 13.5-acre site. The unit mix will comprise 186 one-bedroom apartments and 126 two-bedroom residences. Amenities will include a pool, clubhouse, outdoor courtyard and a dog park. Brandon Baksh and Tommy Ng of Dwight originated the financing through HUD’s 221(d)(4) program on behalf of the borrower, Martin Inderman Development.

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Electronic-Power-Design-Houston
IndustrialLoansTexas

CBRE Arranges Construction Financing for 144,000 SF Manufacturing Facility in Houston

by Taylor Williams

HOUSTON — CBRE has arranged an undisclosed amount of construction financing for a 144,000-square-foot manufacturing facility in Houston that will be located at 430 Lockhaven Drive on the city’s north side. The facility will be a build-to-suit for Electronic Power Design (EPD), a local producer of electrical equipment and systems that also operates a 241,481-square-foot facility next door. John Fenoglio and Brock Hudson of CBRE arranged the loan on behalf of EPD. The direct lender was not disclosed.

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Leasing ActivityRetailTexas

Vellix Adventure Opens 20,000 SF Trampoline Park in Hurst, Texas

by Taylor Williams

HURST, TEXAS — Entertainment concept Vellix Adventure has opened a 20,000-square-foot trampoline park in Hurst, located northeast of Fort Worth. The space is located within Mayfair Village shopping center and includes a ropes course and virtual reality games. Michael Williams of JLL represented Vellix Adventure in the lease negotiations. Ashley Selers of Phillips Edison & Co. represented the landlord on an internal basis.

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Leasing ActivityOfficeTexas

DCCM Signs 10,738 SF Office Lease in Uptown Houston

by Taylor Williams

HOUSTON — DCCM has signed a 10,738-square-foot office lease in Houston’s Post Oak district. The design, engineering and construction management firm has relocated its corporate headquarters to the third floor of the building at 1801 Post Oak Blvd. Greg Cizik of Colliers represented DCCM in the lease negotiations. Kristen Rabel and Nina Seyyedin of CBRE represented the undisclosed landlord.

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630-Third-Avenue-Manhattan
DevelopmentNew YorkNortheastOffice

Joint Venture to Undertake $50M Renovation of Midtown Manhattan Office Building

by Taylor Williams

NEW YORK CITY — A joint venture between Boston-based owner-operator The Davis Cos., Tribeca Investment Group (TIG) and ATCO will undertake a $50 million renovation of 630 Third Avenue, a 23-story, 261-445-square-foot office building in Midtown Manhattan. Renovations will include a full lobby remodeling, construction of a tenant amenity center and conferencing space and delivery of move-in ready office suites. Construction is set to begin in the first quarter and to last six to eight months. CBRE has been named as the leasing agent for 630 Third Avenue.

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AcquisitionsNew JerseyNortheastRetail

Marcus & Millichap Brokers $18.5M Sale of Northern New Jersey Shopping Center

by Taylor Williams

PARSIPPANY, N.J. — Marcus & Millichap has brokered the $18.5 million sale of a 45,315-square-foot shopping center located in the Northern New Jersey community of Parsippany. Built in 1970 and renovated in 2012, Baldwin Shopping Center was fully leased at the time of sale to tenants such as Walgreens, Concentra, Enterprise Rent-A-Car and State Farm Insurance. Alan Cafiero, David Cafiero and John Moroz of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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9733-Topanga-Canyon-Los-Angeles-CA.jpg
AcquisitionsCaliforniaMultifamilyWestern

Amorosa Cos. Purchases 119-Unit Apartment Complex in Los Angeles

by Amy Works

LOS ANGELES — Amorosa Cos. has acquired 9733 Topanga Canyon, a multifamily property located in the Chatsworth neighborhood of Los Angeles, from a private multifamily investment firm for $44 million, or $369,748 per unit. Kevin Green, Joseph Grabiec and Gregory Harris of Institutional Property Advisors (IPA), a division of Marcus & Millichap, represented the seller and procured the buyer in the deal. Brian Eisendrath and Cameron Chalfant of IPA Capital Markets arranged $27.4 million in agency financing for the buyer. Constructed in 2009, 9733 Topanga Canyon features 119 apartments with open floor plans, nine-foot ceilings, full-size stackable washers/dryers, breakfast bars and private balconies. Community amenities include a large central courtyard, swimming pool, spa, dog run, package receiving lockers and covered bike storage.

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AcquisitionsCaliforniaMultifamilyWestern

Advanced Real Estate Buys Multifamily Community in West Covina, California for $41M

by Amy Works

WEST COVINA, CALIF. — Advanced Real Estate has acquired The Cove at West Covina, an apartment property located at 1829 E. Workman Ave. in West Covina, for $41 million. The buyer assumed a $21 million Freddie Mac loan with a fixed interest rate of 4.75 percent and full-term interest-only payments. Additional terms of the transaction were not released. The gated community features 138 apartments, two polos with cabanas, a fitness center, fire pits, garages and a large open landscaped area. Advanced plans to upgrade the property with the addition of in-unit washers and dryers, new cabinetry, flooring, fixtures, appliances, windows and a modern paint scheme. Advance’s in-house construction company, R3 Construction, and in-house management company, Advanced Management Co., will complete the upgrades. Shane Shafer, previously of Northmarq and now with Colliers, brokered the deal.

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2500-W-Frye-Rd-Chandler-AZ.jpg
AcquisitionsArizonaIndustrialWestern

Lincoln Acquires 191,000 SF Partially Occupied Data Center in Chandler, Arizona

by Amy Works

CHANDLER, ARIZ. — Lincoln Property Co. has purchased a partially occupied data center located at 2500 W. Frye Road in Chandler. The 191,000-square-foot property offers 28MW of confirmed utility power, served by an existing and dedicated onsite Salt River Project substation. The asset features four data center halls, one of which is fully leased to a Fortune 500 enterprise user. Lincoln plans to fit out the remaining three halls, adding 16MW of critical capacity and positioning the building for immediate lease-up, with an initial 4.2MW targeted for delivery in early first-quarter 2026. The company will also transition the project from an evaporative cooled to air cooled mechanical system, creating the potential for up to 3 million gallons of water savings per month for the City of Chandler. Additionally, the site is approved for additional development as part of an agreement initiated by the property’s previous owner. Kristina Metzger, Ben Wobschall and Mark Krison of CBRE represented the seller in the Frye Road facility sale. Lincoln will serve as the building’s property manager, while leasing will be handled by Lincoln’s data center leasing team.

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