Property Type

Stream Realty Partners Breaks Ground on 217,120 SF Industrial Project in North Houston

by Taylor Williams January 14, 2026

HOUSTON — Stream Realty Partners has broken ground on Summit Grove Business Park, a 217,120-square-foot industrial project in North Houston. The development will consist of two rear-load buildings spanning 125,600 and 91,520 square feet. Building features will include 32- and 36-foot clear heights, respectively, and a combined total of 78 dock-high doors. Project partners include E.E. Reed (general contractor), Ware Malcomb (architect) and Halff (civil engineer). Completion is slated for late summer. Stream will also handle leasing of the property.

January 14, 2026

Loans Multifamily Texas

BMC Capital Arranges $7.7M in Financing for Houston Multifamily Property

by Taylor Williams January 14, 2026

HOUSTON — BMC Capital has arranged $7.7 million in financing for an unnamed multifamily property in Houston. The debt was structured with an interest rate of 6.16 percent, a 54 percent loan-to-value ratio, 10-year term and a 30-year amortization schedule. Keith Van Arsdale led the BMC team on the transaction. The direct lender and borrower were also not disclosed.

January 14, 2026

Acquisitions California Retail Western

MetLife Sells Chino Spectrum Towne Center in California to Brixmor Property Group for $138M

by Amy Works January 14, 2026

CHINO, CALIF. — MetLife Investment Management, the institutional asset management business of MetLife Inc., has completed the disposition of Chino Spectrum Towne Center, a power center in Chino. Brixmor Property Group, a New York-based public REIT, purchased the asset for $138 million. Jimmy Slusher, Preston Fetrow, James Tyrrell, Mark Damiani and Shaya Northrup of CBRE’s National Retail Partners – West represented the seller in the deal. Located at 3801-4097 Grand Ave., Chino Spectrum Towne Center features 461,269 square feet of retail space that was 95 percent leased at the time of sale. Current tenants include H Mart, Kohl’s, Five Below, Best Buy and Nordstrom Rack, as well as regional and local retailers, service providers and restaurants. The property is also shadow anchored by Walmart Supercenter and Sam’s Club.

January 14, 2026

Affordable Housing Development Multifamily New Mexico Western

Dominium Breaks Ground on 312-Unit Turquoise Trail Affordable Housing Community in Santa Fe

by Amy Works January 14, 2026

SANTA FE, N.M. — Dominium has broken ground on Turquoise Trail, a 312-unit affordable housing community in Santa Fe. The low-income housing tax credit property will be constructed by Weis Builders and will be comprised of 13 three-story buildings containing 120 two-bedroom, 132 three-bedroom and 60 four-bedroom homes, 300 of which will be reserved for households earning no more than 60 percent of the area median income (AMI). The remaining 12 units will be set aside for families earning up to 50 percent of AMI. Amenities will include a clubhouse, fitness center, playground and grilling and lounge areas. Additional development partners include Freddie Mac, PNC Bank, Deutsche Bank, Colliers Securities, Housing New Mexico, New Mexico Mortgage Finance Authority and Santa Fe County. A completion date was not disclosed.

January 14, 2026

Colorado Development Multifamily Western

Opus, Miller Global Properties Complete 253-Unit Bellwether Apartments in Denver

by Amy Works January 14, 2026

DENVER — Opus, along with co-developer Miller Global Properties and equity investor Principal Asset Management, has completed the construction of The Bellwether, a LEED Silver-certified multifamily property within The Denver Tech Center. Located at 7831 E. Union Ave. in Denver, the seven-story apartment complex, which replaced a underutilized surface parking lot, features 253 studio, one-, two- and three-bedroom apartments. Units offer quartz countertops, wood-steel flooring, smart home features, tile bathroom shower surrounds, front-loading washers and dryers, premium plumbing fixtures and walk-in closets. The community offers controlled access and digital guest entry and a combination of surface and garage parking with 58 electric vehicle charging stalls. Additional amenities include work-from-home space, a fitness center and yoga studio, pool and outdoor area, clubroom with a kitchen, private dining and lounge area, a game room, speakeasy and landscaped pond area with walking paths and dog stations. Opus and Miller Global Properties developed the property in a joint venture with Principal Asset Management. Opus served as design-builder and architect of record for the project, and Lamar Johnson Collaborative served as interior designer. Greystar is serving as property manager and handling leasing of the community.

January 14, 2026

Arizona Development Healthcare Western

Hammes, NOVO Begin Development of 34,000 SF Medical Office Building in Scottsdale, Arizona

by Amy Works January 14, 2026

SCOTTSDALE, ARIZ. — A partnership between Hammes and Phoenix-based NOVO Development has broken ground for construction of a 34,000-square-foot medical office building in Scottsdale. The property will serve as an anchor component of the new 43-acre Sierra Bloom mixed-use wellness campus. The building’s anchor tenant will be Arizona Sports Medicine Center (ASMC), which is part of Abrazo Medical Group, a division of Abrazo Health. Occupying a majority of the new space, ASMC will offer sports medicine, imaging and other advanced medical services designed to meet the growing healthcare needs of the Scottsdale community. The medical office building is slated for completion in third-quarter 2026, with a topping out ceremony scheduled for late March.

January 14, 2026

Loans Multifamily New York Northeast

Wells Fargo Provides $250M in Bridge Financing for Brooklyn Multifamily Project

by Taylor Williams January 14, 2026

NEW YORK CITY — Wells Fargo has provided $250 million in bridge financing for AtlanticBK, a newly delivered, 456-unit multifamily project located at 1057 Atlantic Ave. in the Bedford-Stuyvesant neighborhood of Brooklyn. Units at AtlanticBK, which rises 17 stories and includes 138 affordable residences, come in one-, two- and three-bedroom floor plans. Amenities include a fitness center, lounge, golf simulator, game room, screening room, children’s playroom and a landscaped rooftop deck, as well as 31,000 square feet of ground-floor retail space. Drew Fletcher, Paul Fried and Bryan Grover of Greystone arranged the loan on behalf of the owner, Douglaston Development.

January 14, 2026

Loans Multifamily New York Northeast

CBRE Arranges $28M Loan for Refinancing of Manhattan Multifamily Portfolio

by Taylor Williams January 14, 2026

NEW YORK CITY — CBRE has arranged a $28 million loan for the refinancing of a portfolio of five multifamily properties totaling 60 units in Manhattan. The properties, which collectively include seven retail spaces, are located at 301 E. 90th St., 714 Greenwich Ave., 723 11th Ave., 746 9th Ave. and 407 Amsterdam Ave. Shamir Seidman and Jeff Feldman of CBRE arranged the loan on behalf of the owners, Ed and Michael Ostad, which purchased the buildings in 2024 and implemented capital improvements. The direct lender was not disclosed.

January 14, 2026

Illinois Leasing Activity Midwest Office

Transwestern Negotiates 159,403 SF of Office Leases at Civic Opera Building in Chicago

by Kristin Harlow January 14, 2026

CHICAGO — Transwestern Real Estate Services has negotiated 159,403 square feet of new and renewal office lease transactions at the Civic Opera Building, which is located at 20 N. Wacker Drive in Chicago. John Nelson, Eric Myers and Kathleen Bertrand of Transwestern serve as the broker representative team for the historic property. Transwestern’s Asset Services group manages the building. Since the beginning of 2025, 24 leases have been completed at the Civic Opera Building. Eight new tenants signed deals for a total of 102,260 square feet. Notably, coworking space provider Workbox signed a lease for 68,137 square feet. Fifteen tenants renewed their space for a total of 57,143 square feet. Built in 1928, the 915,000-square-foot, 44-story building was renovated in 2015. In 2021, the Circuit Court of Cook County appointed Transwestern as the receiver of the property. Amenities include a conference center, studio theater, fitness center, roof terrace and tenant lounge.

January 14, 2026

Acquisitions Illinois Midwest Retail

Mavrek Acquires 20,000 SF Retail Building in Chicago’s Gold Coast

by Kristin Harlow January 14, 2026

CHICAGO — Mavrek has acquired 12-16 W. Maple Avenue, a 20,000-square-foot, four-story retail building in Chicago’s Gold Coast neighborhood. Mavrek plans to renovate the building into flexible space for retail and office tenants. The property offers 75 feet of frontage along Maple Street and is partly occupied by CorePower Yoga on the fourth floor. Paul Bryant and Brendan Reedy of Mid-America Real Estate Corp. will handle leasing efforts.

January 14, 2026

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