Wednesday, July 15, 2026
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DevelopmentFloridaMultifamilySoutheastStudent Housing

CTG, Florida A&M University Complete 720-Bed Student Housing Development in Tallahassee

by Alex Tostado

TALLAHASSEE, FLA. — A public-private partnership between CTG Development Co. (CTG) and Florida A&M University (FAMU) has completed the development of a 720-bed residence hall on the university’s campus in Tallahassee. The new residence hall is Phase I of development on a larger project called Main Street Corridor, which will include a mixed-use building with multifamily units and retail, a new stadium and a field house upon completion. Finfrock is serving as the architect of record and the design-build contractor for the project. The university held a ribbon-cutting ceremony Wednesday, Sept. 30. FAMU is holding classes in a hybrid format for the fall 2020 semester.

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DevelopmentLoansMultifamilyNorth CarolinaSeniors HousingSoutheast

Ziegler Arranges $47.8M Financing for Seniors Housing Expansion in High Point, North Carolina

by Alex Tostado

HIGH POINT, N.C. — Ziegler has arranged $47.8 million in bond financing for a planned expansion project at Pennybyrn at Maryfield, a continuing care retirement community (CCRC) in High Point, just southwest of Greensboro. Located on 72 acres, Pennybyrn currently offers 180 independent living units, 24 assisted living units, 24 memory care units and 125 skilled nursing beds. The planned expansion will add 42 new independent living apartments, with 74 percent of them pre-sold, as well as a 24-bed transitional rehabilitation therapy building. The project will also include improvements to the buildings and exteriors throughout the existing campus. The project team includes borrower and developer ActionPact Development LLC, architect ActionPact Design Group LLC, general contractor Thomas Construction Group LLC, construction manager NewBanks Inc. and Dixon Hughes Goodman as feasibility consultant.

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AcquisitionsGeorgiaIndustrialOfficeSoutheast

JLL Arranges $11.7M Sale of Industrial, Office Park in Metro Atlanta

by Alex Tostado

NORCROSS, GA. — JLL has arranged the $11.7 million sale of Plaza 85 Business Park, a nine-building industrial and office building campus in Norcross. The property comprises 191,526 square feet and is situated on 13.8 acres. The industrial building feature 12- to 18-foot clear heights, dock-high and drive-in doors and a combination of rear- and front-loading configurations. At the time of sale, the asset was leased to 31 tenants. The business park is situated at 5970-6040 Unity Drive, less than one mile from Interstate 85 and 18 miles northeast of downtown Atlanta. Dennis Mitchell, Matt Wirth, Britton Burdette and Crosby Taylor of JLL represented the seller, Sperry Equities, in the transaction. Atlanta-based WePartner purchased the asset.

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IndustrialLeasing ActivityTexas

Amazon Debuts 308,000 SF Sortation Facility in Kyle, Texas

by Taylor Williams

KYLE, TEXAS — Amazon has debuted its 308,000-square-foot sortation facility within Kyle Crossing Business Park in Central Texas. This facility is being used to sort packages before being transferred to a delivery station or last-mile delivery partner for final delivery to customers. More than 1,130 full- and part-time associate jobs have already been created through the opening of the facility, which is located just off Interstate 35. California-based Majestic Realty Co. owns the building.

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Constellation-Ranch-Fort-Worth
LoansMultifamilyTexasWalker & Dunlop

Walker & Dunlop Funds $17.8M Loan for Refinancing of Fort Worth Apartment Community

by Taylor Williams

FORT WORTH, TEXAS — Walker & Dunlop has funded a $17.8 million loan for the refinancing of Constellation Ranch, a 324-unit apartment community in Fort Worth. Built in 2015, Constellation Ranch features one-, two- and three-bedroom floor plans and amenities such as a pool, spa, clubhouse, business center, outdoor grilling areas and a pet park. Stuart Wernick and Matt Newton of Walker & Dunlop originated the financing, which was structured with a 10-year term and a floating interest rate, on behalf of the borrower, Maryland-based RailField Partners.

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Ten19-Friendship-Lane-Fredericksburg
LoansMultifamilyTexas

Colliers Provides Agency Loan for Refinancing of 128-Unit Multifamily Asset in Fredericksburg, Texas

by Taylor Williams

FREDERICKSBURG, TEXAS — Colliers International has provided a Fannie Mae loan of an undisclosed amount for the refinancing of Ten19@Friendship Lane, a 128-unit multifamily asset in Fredericksburg, about 80 miles west of Austin. The property was built in 1998 and offers amenities such as a fitness center, playground and onsite laundry services. Colliers originated the 12-year loan through a partnership with Old Capital Lending on behalf of the borrower, an entity doing business as DCP 1019 Friendship Lane LLC.

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DevelopmentIndustrialTexas

HSM Equity Partners to Build 15,540 SF Industrial Project in Dallas

by Taylor Williams

DALLAS — HSM Equity Partners, the development arm of Henry S. Miller Cos., will build a 15,540-square-foot industrial project in Dallas for OTR Fleet Service, a provider of maintenance services for commercial vehicles. Huntley Luna and Nick Robinson of Henry S. Miller Brokerage represented the developer, I-20 Industrial LP, in the acquisition of the 14.6-acre tract on which the project will be developed. Tom Clarke of Transwestern represented the seller, HCH Farms Ltd. Mark Smith of HSM Equity Partners will develop the facility.

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Sotheby's-Manhattan
LoansNew YorkNortheastOffice

Barclays Provides $483M Loan for Refinancing of Sotheby’s Headquarters Building in Manhattan

by Taylor Williams

NEW YORK CITY — Barclays has provided a $483 million senior loan for the refinancing of the headquarters building of auction house Sotheby’s, which is located at 1334 York Ave. on Manhattan’s Upper West Side. Sotheby’s has operated out of the 10-story, 506,000-square-foot building since 1980. After redeveloping the property in 2000, Sotheby’s entered into a sale-leaseback agreement with RFR Holdings in 2003, but regained ownership of the property in 2009. Dustin Stolly, Jordan Roeschlaub, Chris Kramer, Nick Scribani and Dominick Calisto of Newmark Knight Frank placed the five-year loan on behalf of Sotheby’s.

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AcquisitionsIndustrialMassachusettsNortheastSelf-Storage

Marcus & Millichap Brokers Sale of 301-Unit Self-Storage Facility in Worcester, Massachusetts

by Taylor Williams

WORCESTER, MASS. — Marcus & Millichap has brokered the sale of a 301-unit CubeSmart self-storage facility in the central Massachusetts city of Worcester. The property features 19,776 square feet of net rentable climate-controlled space. Nathan Coe, Brett Hatcher, Gabriel Coe and Joseph French Jr. of Marcus & Millichap represented the seller, a limited liability company, in the transaction. The buyer was also an undisclosed limited liability company.

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Parkway-Apartments-Boston
DevelopmentMassachusettsMultifamilyNortheast

Callahan Breaks Ground on 254-Unit Parkway Apartments in West Roxbury, Massachusetts

by Taylor Williams

WEST ROXBURY, MASS. — General contractor Callahan Construction Managers has broken ground on Parkway Apartments, a 254-unit multifamily project in West Roxbury, located southwest of Boston. Designed by SK+I Architecture and developed by Lincoln Property Co., the property will consist of two four-story buildings offering a mix of market-rate and affordable units. Amenities will include a pool, fitness center, café, outdoor courtyard and a pet spa. Completion is scheduled for February 2022.

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