Property Type

St. Regis Properties Sells Idora Apartments in Oakland, California for $12.6M

by Amy Works March 3, 2026

OAKLAND, CALIF. — San Francisco-based St. Regis Properties has completed the sale of Idora Apartments, a Class A multifamily property in Oakland’s Tamescal neighborhood. The Oakland Fund for Public Innovation acquired the asset for $12.6 million, or $380,000 per unit. Located at 5239 Claremont Ave., the five-story property features 33 one- and two-bedroom units, averaging 863 square feet, and 2,369 square feet of ground-floor retail space. Apartments offer washers/dryers, central heat and air conditioning, stainless steel appliances, quartz countertops, European cabinetry, wood-style flooring, carpeting, large closets and private balconies. Community amenities include a rooftop terrace and barbecue, resident lounge, secure garage parking, bike storage and electric vehicle charging stations. The buyer purchased the property through its Rooted program, which leads efforts to provide equitable housing solutions for educators. Financing was provided through the San Francisco Housing Accelerator Fund. ArtHaus Partners, a Bay Area-based vertically integrated multifamily developer and operator, worked as a consultant to the buyer during the acquisition. Jason Parr, John Hansen and Scott MacDonald of Berkadia represented the seller in the transaction.

March 3, 2026

Acquisitions Industrial Office Washington Western

Colliers Arranges $10.2M Sale of Wright Group Building in Bothell, Washington

by Amy Works March 3, 2026

BOTHELL, WASH. — Colliers has arranged the sale of the Wright Group Building, an office and flex property located at 19201 120th Ave. NE in Bothell’s North Creek business park. RH Wright LLC sold the asset to Gravestone Partners for $10.2 million. Totaling 59,830 square feet, the building offers 25,000 square feet office space supported by flex and warehouse elements. The property features at least 20-foot clear heights, two dock-high doors, eight grade-level doors and 1,000 amps of power. At the time of sale, the building was partially occupied by a mix of office and service-oriented tenants, including Trane Technologies, Element Materials Technologies, ISEC Construction, Taekwondo Way, Biogenesis and Barry Glenn State Farm. David Gunther of Colliers represented the seller in the deal.

March 3, 2026

Acquisitions Industrial Self-Storage Utah Western

LeClaire-Schlosser Group Brokers Sale of 63,345 SF Self-Storage Facility in Hurricane, Utah

by Amy Works March 3, 2026

HURRICANE, UTAH — The LeClaire-Schlosser Group of Marcus & Millichap has arranged the sale of a self-storage facility in Hurricane. A Utah-based family office acquired the asset for an undisclosed price. Jordan Farrer and Adam Schlosser of Marcus & Millichap’s LeClaire-Schlosser Group represented the seller, a local self-storage owner and developer, in the sale. Managed by Extra Space Storage, the 63,345-square-foot facility features 589 units. Situated on 3.2 acres, the asset was initially constructed in 2007 and underwent a full renovation in 2024 concluding with the opening of a Phase II in 2025. The property features 12 single-story self-storage buildings with 328 drive-up units, a gated entry with digital keypad, a separate onsite management office in front of the entrance gate, 24/7 video surveillance, asphalt driveways and units with roll-up doors.

March 3, 2026

Development Illinois Industrial Leasing Activity Midwest

TCC Leases Phase I, Plans Phase II of Plainfield Business Center in Metro Chicago

by Kristin Harlow March 3, 2026

PLAINFIELD, ILL. — Trammell Crow. Co. (TCC) has announced a full-building lease and plans for Phase II of Plainfield Business Center in Plainfield, about 40 miles southwest of downtown Chicago. RJW Logistics Group has leased Building 1, which totals 788,000 square feet. TCC plans to break ground on Building 2 in the second quarter. That building will also total 788,000 square feet. RJW is a retail-focused logistics and supply chain solutions provider. The Woodridge, Ill.-based company operates more than 16 distribution centers across Illinois, Texas and Pennsylvania. Dominic Carbonari of JLL represented RJW in its lease negotiations. Matt Mulvihill and Phil DeBoer of CBRE represented the landlord. Building 2, which is being built on a speculative basis, will sit on 46 acres and feature a clear height of 40 feet, 80 dock doors expandable to 156 and 211 trailer parking stalls. The site offers proximity to both I-55 and I-80. At full build-out, Plainfield Business Center will encompass more than 8 million square feet of industrial space. Harris Architects designed Plainfield Business Center, and Krusinski Construction Co. was the general contractor for Phase I. Kimley-Horn is the civil engineer.

March 3, 2026

Acquisitions Industrial Kansas Midwest

SparrowHawk Acquires 764,735 SF Warehouse in Edgerton, Kansas

by Kristin Harlow March 3, 2026

EDGERTON, KAN. — SparrowHawk has completed its first acquisition since securing $300 million in growth capital from Almanac Realty Investors. The company acquired a 764,735-square-foot warehouse in Edgerton near Kansas City that is fully leased. The building is within Logistics Park KC, an industrial park that currently has 17 multi-tenant buildings totaling 10.8 million square feet. Developed in 2016, the property is occupied by two tenants. In mid-2025, Faith Technologies took occupancy of 463,435 square feet at the north end of the building. Smart Warehousing, which occupies 302,492 square feet of space, is an original tenant of the building. The property features 101 dock doors, four drive-in doors, parking for 337 cars and 99 truck trailers and a clear height of 36 feet. Mark Long and John Hassler of Newmark Zimmer represented both SparrowHawk and the seller, a development firm and its institutional capital partner.

March 3, 2026

Development Illinois Midwest Office

Skender Completes 230,000 SF Interior Construction of Invenergy Headquarters Expansion in Chicago

by Kristin Harlow March 3, 2026

CHICAGO — Skender has completed the 230,000-square-foot build-out of Invenergy’s One South Wacker Drive headquarters in Chicago. The developer, owner and operator of power infrastructure originally occupied floors 18, 19 and 20. Skender completed upgrades to those floors in addition to the demolition and full construction of five additional floors (14-17). The project team included Lumen Workplace as owner’s representative, Partners by Design as architect and Syska Hennessy as engineer. Skender completed the build-out and renovation in three phases over the course of 12 months. The open-office concept features a three-floor atrium stair, two roof decks, a large café and an 8,000-square-foot control center for managing global power markets and operations. Floor 15 now serves as the heart of the workplace with a new reception area and boardroom.

March 3, 2026

Affordable Housing Development Michigan Midwest Multifamily

Lockwood Cos. Opens 295-Unit Affordable Housing Community Near Ann Arbor

by Kristin Harlow March 3, 2026

PITTSFIELD TOWNSHIP, MICH. — Lockwood Cos. has opened Haverhill on Clark, a 295-unit affordable housing community located at the southwest corner of Clark and Golfside roads in Pittsfield Township near Ann Arbor. Haverhill on Clark represents a more than $76 million investment in Pittsfield Township and Washtenaw County. The community is located across from Washtenaw Community College and Trinity Health St. Joseph Mercy Hospital. Amenities include a pool, fitness center, gathering spaces, outdoor play structures, electric vehicle charging stations and pet-friendly accommodations.

March 3, 2026

California Development Industrial Top Stories Western

Cinespace Studios Opens New Soundstage Campus in Los Angeles

by John Nelson March 3, 2026

LOS ANGELES — Cinespace Studios, an owner-operator of soundstage facilities for the TV and film industry, has opened a new soundstage campus in Los Angeles. Situated in the Woodland Hills neighborhood, the new campus represents the sixth production hub worldwide for Cinespace, joining existing facilities in Atlanta; Chicago; Potsdam, Germany; Toronto; and Wilmington, N.C. “Los Angeles is where this industry was built, and where its future continues to be shaped,” says Eoin Egan, co-CEO of Cinespace Studios. “Opening a campus here has always been part of our long-term vision. While the market is navigating a period of transition, we believe deeply in the resilience of this city, the talent that defines it and the enduring demand for world-class production infrastructure.” Cinespace Studios Los Angeles comprises six 18,000-square-foot soundstages with 30-foot clear heights, as well as 72,000 square feet of production offices and additional ancillary spaces. A ribbon-cutting ceremony was held yesterday with members of Cinespace Studios, Los Angeles Mayor Karen Bass and representatives from the California Governor’s office in attendance. The new campus is opening with an active production already underway — a thriller movie called “Nightwatching” — underscoring early demand for the new stages. “This campus clearly understands what productions …

March 3, 2026

Loans Multifamily Texas

Berkadia Arranges $47M Loan for Refinancing of North Austin Apartments

by Taylor Williams March 2, 2026

AUSTIN, TEXAS — Berkadia has arranged a $47 million loan for the refinancing of 1900 Parmer, a 364-unit apartment community in North Austin. Developed in 2024, the property offers studio, one- and two-bedroom units that range in size from 458 to 1,270 square feet. Amenities include two pools with cabanas, a fitness center with dedicated spin and yoga studios, a lounge, package lockers and a demonstration kitchen featuring a kegerator and a billiards table. Mitch Sinberg, Scott Wadler, Brad Williamson, Matt Robbins and Patrick Johnson of Berkadia place the loan through MF1 Capital on behalf of the owner, California-based Griffin Capital.

March 2, 2026

Acquisitions Multifamily Student Housing Texas

Landmark Properties Buys 732-Bed Student Housing Property in Lubbock, Texas

by Taylor Williams March 2, 2026

LUBBOCK, TEXAS — Landmark Properties, a Georgia-based student housing owner-operator, has purchased Park East, a 732-bed for students at Texas Tech University in Lubbock. Developed in 2016, the two-building development offers 219 units and amenities such as a coffee bar, resident lounge, fitness center, pool, study rooms, grilling areas, a putting green and bocce ball and sand volleyball courts. CBRE arranged the sale of the property on behalf of the undisclosed seller. TSB Capital Advisors arranged acquisition financing for the deal on behalf of Landmark.

March 2, 2026

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