WESTBROOK, CONN. — Private owners Meri Wick and Marcus Little have completed the redevelopment of The Captain Stannard, a historic inn located in the southern coastal Connecticut city of Westbrook. The Captain Stannard is a 10-room establishment that was originally constructed in 1872. According to the Connecticut Post, the project involved reconfiguring the main dining area, upgrading the main common area and applying fresh paint and furnishings to select areas, as well as putting new bedding in all guestrooms.
PLAYA VISTA, CALIF. — Newmark has arranged the sale of ilo at Playa Vista, a 306,809-square-foot creative office workplace campus in Playa Vista. Barings acquired the asset from Clarion Partners for $150. 7 million. Kevin Shannon, Ken White, Rob Hannan, Laura Stumm and Michael Moll of Newmark represented the seller in the deal. Jonathan Firestone, Blake Thompson and Henry Cassiday of Newmark Global Debt & Structured Finance provided support on debt strategy and financing considerations throughout the transaction process. The two-building, mixed-used campus has attracted 78,000 square feet of new leasing over the past 24 months. Delivered in 2010, the property has maintained an average occupancy level of more than 90 percent since it was redesigned by Gensler in 2016.
MURRIETA, CALIF. — R.D. Olson Construction, on behalf of MBK Rental Living, has broken ground on Vintage Farms, a $80 million residential village in Murrieta. Vintage Farms will offer 330 market-rate and luxury apartments spread across 11 buildings and 15 standalone garages on 15 acres. Located at 28749 Clinton Keith Road, Vintage Farms will offer studio, one-, two- and three-bedroom apartments and 15 standalone garages, ranging from seven to 16 stalls, offering a total of 332 parking spaces. The 449,280-square-foot residential space will include nine 40,320-square-foot buildings with 30 apartments and two 43,200-square-foot buildings with 30 apartments. Built in five phases over 18 months, the community’s first phase will include the development of all amenities, including the clubhouse, pool, hot tub, barbecue areas and walkways, and the first two apartment buildings and two garages. The following four phases will include the construction of two apartment buildings and two to four garages in each phase. The five-phase construction plan will turn over units during each phase to ensure an on-time delivery while minimizing noise disruption to the community. The full project is slated for completion by fall 2026. Project partners include Geotek USA, Forma Engineering, SiteScapes, SummA Architecture, Gouvis Engineering, Tek Systems, …
RENO, NEV. — Metcalf Builders has broken ground on East Building 6 at Comstock Commerce Center, a logistics property owned by Locus Development Group. Slated for completion in fourth-quarter 2025, East Building 6 will offer 475,880 square feet of bulk industrial space designed to meet the needs of modern logistics and manufacturing space. The $24 million project is located within Tahoe Reno Industrial Center.
GARDEN GROVE, CALIF. — Marcus & Millichap has arranged the acquisition of a restaurant property located at 10901 Garden Grove Blvd. in Garden Grove. The Fouladinejad Family Trust purchased the asset from CY Investment LLC for $2.3 million. Sheila Alimadadian of Marcus & Millichap represented the buyer, while Mie Kim of Coldwell Banker Realty represented the seller in the deal. Taco Bell occupies the 2,527-square-foot building, which was built in 2019, with more than 19 years remaining on the original lease.
FONTANA, CALIF. — Loma Linda University Children’s Hospital has inked a 10-year lease to occupy 8,400 square feet of sub-anchor space at 16874 S. Highland Road within Highland Village in Fontana. Slated to open in early 2026, the location will provide basic pediatric urgent care services for patients age 0-21, including treatment for minor illnesses such as coughs, colds, flus, fever, sprains and other non-emergency medical conditions. Paul Su of Progressive Real Estate Partners represented the landlord, while Lon Mapes of LDM Commercial represented the tenant in the transaction.
EAGAN, MINN. — Oppidan Investment Co. has broken ground on a 61,000-square-foot data center on Argenta Trail, south of the YMCA property in the Minneapolis suburb of Eagan. The project marks one of only two ground-up data center developments currently underway in Minnesota, according to Oppidan, which is serving as the landlord and directly financing, developing and delivering the facility in partnership with a tenant. Completion is slated for 2026. Project partners include the City of Eagan, Minnesota Department of Employment and Economic Development, Dakota County, Greater MSP, Dakota Electric Association and Great River Energy. Gardner Builders is the general contractor, ERA Associates is the structural engineer, Stantec is the civil engineer, Salas O’Brien is the architect and States Manufacturing is the electric equipment supplier.
HAWTHORN WOODS, ILL. — After holding a 20-acre land parcel for more than 15 years, a private real estate investment group led by land developer Jonathan Berger of Berger Asset Management has unveiled new zoning and development plans for Hawthorn Woods Town Center. Berger worked with the Village of Hawthorn Woods on the revised plans for the site, which is located at the intersection of Old McHenry and Midlothian roads in the northern Chicago suburb. The original zoning of the property required 300-foot setbacks. Berger secured 30-foot setbacks, which are typical in most retail properties. The village has also indicated a willingness to incentivize grocery stores, including small-store footprints. Additionally, the rerouting of traffic under railroad tracks, once complete, will serve to more directly and conveniently connect the Hawthorn Woods Town Center site to the village’s community park. Berger originally acquired 40-plus acres in two distressed 20-plus-acre land parcels in Hawthorn Woods in 2009-2010, intending to act as an opportunistic land developer. In late 2019, Berger sold the site on the south side of Old McHenry Road to K. Hovnanian, a Dallas-based residential developer that built 70 homes. While assuming the position of a traditional land developer, Berger is not …
CHAMPAIGN, ILL. — Interra Realty has arranged the sale of a 102-unit, five-building multifamily portfolio in Champaign for $5.9 million. Constructed in 1970, the apartment properties are located on West Francis Drive and North McKinley Avenue. There is also one single-family house included in the portfolio. The assets are located three miles from the University of Illinois Urbana-Champaign campus. Michael Duckler of Interra represented the confidential buyer in the off-market transaction.
COLUMBUS, OHIO — Marcus & Millichap has brokered the $3.2 million sale of a retail property occupied by Texas Roadhouse in Columbus. Texas Roadhouse has a new 10-year triple-net lease and has operated at the site for more than 20 years. Located at 5870 Carnaby Way, the 2.2-acre property sits just off I-270. Jordan Klink and Kahlil Barnard of Marcus & Millichap represented the seller, Solid Ground LLC. Chris Lind, Mark Ruble and Zack House of Marcus & Millichap procured the buyer, a Delaware-based limited liability company.