Friday, April 10, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Property Type

AcquisitionsMixed-UseNorth CarolinaRetailSoutheast

CBRE Arranges $110M Sale of 14-Level Parking Facility in Uptown Charlotte

by John Nelson

CHARLOTTE, N.C. — CBRE has arranged the $110 million sale of SEVEN20 at Legacy Union, a 14-level parking facility located at 720 S. Church St. in Uptown Charlotte. Lincoln Harris sold the 1.1 million-square-foot property to Highwoods Properties. Patrick Gildea and Matt Smith of CBRE represented the seller in the transaction. Built in 2019 as part of the 10.2-acre Legacy Union mixed-use development, SEVEN20 at Legacy Union is the largest parking facility in the Carolinas, according to CBRE. The facility features a double-helix structure, two elevator towers, 3,057 parking stalls, 14,360 square feet of ground-level retail space and a pedestrian bridge on the fifth level that connects to Bank of America tower. The property is also equipped to accommodate guest parking for Carolinas Panthers games and other events taking place at the nearby Bank of America Stadium.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsAffordable HousingFloridaMultifamilySoutheast

Franklin Street Negotiates Sale of 200-Unit Wild Pines of Naples Apartments

by John Nelson

NAPLES, FLA. — Franklin Street has negotiated the sale of Wild Pines of Naples, a 200-unit apartment community located at 2580 Wild Pines Lane in Naples. The property was originally built in 1968 and expanded in 1986 and 2001. Wild Pines features market-rate apartments and income-restricted units that were developed with Low-Income Housing Tax Credits. Darron Kattan, Avery Jordan, Mark Savarese, Cary Brown and Eve Lowry of Franklin Street represented the buyer, Interface Properties, and the seller, JSB Capital, in the transaction. The sales price was not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialSoutheastVirginia

Cushman & Wakefield | Thalhimer Brokers $7.9M Sale of Industrial Facility in Fredericksburg, Virginia

by John Nelson

FREDERICKSBURG, VA. — Cushman & Wakefield | Thalhimer has brokered the $7.9 million sale of a 79,240-square-foot industrial facility located at 4701 Market St. in Fredericksburg, a city in Spotsylvania County that sits about 57 miles south of Washington, D.C. The buyer, Rappahannock Area Community Services Board, purchased the building from the previous owner and tenant, Rappahannock Goodwill Industries. Wilson Greenlaw and Berkley Mitchell of Cushman & Wakefield | Thalhimer represented the seller in the transaction. Rappahannock Area Community Services Board plans to relocate its headquarters to the facility.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentLoansMixed-UseMultifamilyNew YorkNortheastTop Stories

Alloy, Vistria Obtain $535M Construction Financing for 62-Story Mixed-Use Tower in Downtown Brooklyn

by Kristin Harlow

NEW YORK CITY — Alloy Development and The Vistria Group have obtained $535 million in construction financing for One Third Avenue, a 62-story mixed-use tower that marks the second and final phase of the Alloy Block development in downtown Brooklyn. Rising 730 feet, the project will include 583 market-rate and affordable housing units along with retail and office space. Vistria will invest more than $120 million of equity to capitalize the development, and Kayne Anderson Real Estate is providing $375 million of debt. Chris Peck, Nicco Lupo and Peter Rotchford of JLL managed the capital raise. One Third Avenue marks the tallest Passive House building in the world, according to the developers. Passive House is a building standard for dramatically reducing energy use while improving indoor air quality. Elements of the Passive House design include an airtight, well-insulated building envelope, filtered fresh air and a low carbon footprint. The development’s residential and office spaces will share energy resources to minimize waste heat.  One Third Avenue joins the two projects in the first phase of Alloy Block — 505 State Street, a 44-story, 441-unit apartment tower and New York City’s first all-electric skyscraper, and 489 State Street, the first two public schools designed to …

Continue Reading
FacebookTwitterLinkedinEmail
CaliforniaIndustrialMarket ReportsWesternWestern Market Reports

San Diego Industrial Market Is Playing to its Advantages

by John Nelson

— By Bryce Aberg and Brant Aberg of Cushman & Wakefield — Optimism is returning to the San Diego industrial market after a few quarters of recalibration. Buyer appetite has resurfaced in core submarkets like Otay Mesa, Miramar and Carlsbad, which has created a ripple effect across the Greater San Diego industrial market. With an inventory of 162 million square feet as of the second quarter, San Diego is beginning to see the benefit of limited supply. Natural barriers like Mexico, the Pacific Ocean, Camp Pendleton and the nearby mountains are driving the San Diego industrial market toward full build-out. There is currently only 2.4 million square feet of inventory under construction, with not much more proposed.  Following the all-time highs in rent growth and positive absorption seen in 2021 and 2022, San Diego’s enduring fundamentals and built-in advantages have kept it in place as one of the most stable and competitive in Southern California. With a diversified tenant base, high barriers to entry and a strategic position on the U.S.-Mexico border, fundamentals have held while others in the Southern California region have struggled in comparison.  Bid-ask spreads are also starting to narrow as buyer and seller sentiments begin to …

Continue Reading
FacebookTwitterLinkedinEmail
Longview-Mall
AcquisitionsRetailTexas

Trademark, Dillard’s Buy Longview Mall in East Texas, Plan Repositioning

by Taylor Williams

LONGVIEW, TEXAS — Fort Worth-based owner-operator Trademark Property Co. and department store retailer Dillard’s have partnered to purchase Longview Mall in East Texas, with plans to undertake a repositioning. The Wall Street Journal reports that the sales price was $34 million. The mall originally opened in 1978 and welcomes some 3.7 visitors annually. In addition to Dillard’s, tenants at the property include Dick’s Sporting Goods, J.C. Penney, HomeGoods, Bath & Body Works, Foot Locker, H&M, Kay Jewelers, Auntie Anne’s, Chick-fil-A and Chuck E. Cheese. The name of the seller, as well as specifics of the repositioning plan, were not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentMultifamilyTexas

BHW Capital Breaks Ground on 288-Unit Multifamily Project in Humble, Texas

by Taylor Williams

HUMBLE, TEXAS — Local developer BHW Capital has broken ground on Clayton at Tour 18, a 288-unit multifamily project that will be located in the northeastern Houston suburb of Humble. The site is adjacent to the Tour 18 golf course. Units will come in one- and two-bedroom formats and will feature stainless steel appliances and built-in workspaces. Amenities will include a pool, fitness center, outdoor biergarten, pet park and a putting green. Mucasey & Associates is the project architect, and Blazer Building Southwest is the general contractor. Southside Bank is financing construction, which is expected to be complete in late 2027.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsHospitalityTexas

Partners Capital Buys 162-Room, Hilton-Branded Hotel in Houston

by Taylor Williams

HOUSTON — Partners Capital, the investment arm of Partners Real Estate, has purchased the 162-room Homewood Suites by Hilton — Houston Galleria hotel. The extended-stay hotel was originally built in 2006 and had an average nightly occupancy rate of 84 percent at the time of sale. Following the 2026 World Cup, Partners Capital will commence a multi-million dollar renovation of the hotel that will include upgrades to guestrooms, public areas and the building exterior, as well as the modernization of several building systems.  The seller and sales price were not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIndustrialTexas

Welcome Group Delivers 88,670 SF Industrial Project in Pearland, Texas

by Taylor Williams

PEARLAND, TEXAS — Locally based developer Welcome Group has delivered Crossroads at Pearland, an 88,670-square-foot industrial project located on the southern outskirts of Houston. The site spans 4.8 acres and includes frontage along Beltway 8. The building features 30-foot clear heights, 15 dock-high doors and two drive-up ramps. Frost Bank financed construction of the facility, which is now roughly 30 percent leased to satellite communications services provider Speedcast.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsOfficeTexas

STRIVE Negotiates Sale of 2,996 SF Office Building in Keller, Texas

by Taylor Williams

KELLER, TEXAS — Locally based brokerage firm STRIVE has negotiated the sale of a 2,996-square-foot office building in Keller, located north of Fort Worth. The building is known as Keller Parkway Office and was fully leased at the time of sale. Parker Tims of STRIVE represented the undisclosed, locally based seller in the transaction. The buyer and sales price were also not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts