Property Type

Core Spaces Acquires 670-Bed Student Housing Community Near University of Texas at Austin

by Taylor Williams August 20, 2025

AUSTIN, TEXAS — Core Spaces has acquired Villas on 24th, a 670-bed student housing community located at 2313 Rio Grande St. in the West Campus neighborhood of Austin. The development opens this month and offers 199 units in studio through six-bedroom configurations with bed-to-bath parity for students attending the University of Texas at Austin. Shared amenities include a rooftop pool and hot tub with lounge seating and grills; a fitness center with an indoor basketball court; outdoor fitness spaces and saunas; and private meeting rooms and coworking spaces. Villas Student Housing developed the property. TSB Capital Advisors consulted on financing for the acquisition.

August 20, 2025

Loans Multifamily Texas

Berkadia Arranges Recapitalization of 259-Unit Apartment Complex in Metro Austin

by Taylor Williams August 20, 2025

LEANDER, TEXAS — Berkadia has arranged the recapitalization of The Conley, a 259-unit apartment complex located in the northern Austin suburb of Leander. The recapitalization includes debt from LaSalle Investment Management and a preferred equity investment from an undisclosed, Los Angeles-based capital provider. Built in 2020, The Conley offers one-, two- and three-bedroom units and amenities such as a pool, fitness center, resident lounge with a coffee bar, coworking space and a pet park. Scott Wadler, Matt Nihan, Mitch Sinberg, Brad Williamson and Matt Robbins of Berkadia handled the transaction on behalf of the owners, a joint venture between two Miami-based firms, Beacon Real Estate Group and Constellation Group.

August 20, 2025

Acquisitions Loans Multifamily Nevada Western

NewPoint Real Estate Capital Originates $73.4M Freddie Mac Loan for Multifamily Acquisition in North Las Vegas

by Amy Works August 20, 2025

NORTH LAS VEGAS, NEV. — NewPoint Real Estate Capital has provided a $73.4 million Freddie Mac loan to finance the purchase of a garden-style multifamily property in North Las Vegas. The five-year, fixed-rate loan includes full-term interest-only payments and a 35-year amortization schedule. John DeWitt of NewPoint originated the loan. The sponsor, a repeat Freddie Mac and NewPoint borrower, purchased the 498-unit asset and plans to implement an extensive improvement plan over the first four years of the loan. Built in two phases in 2007 and 2008, the property offers one-, two- and three-bedroom apartments with in-unit washers/dryers, stainless steel appliances, central air conditioning and private balconies for patios. Community amenities include two swimming pools, a clubhouse and fitness center, playgrounds, a pet area, business center, garage and both covered and open parking.

August 20, 2025

Acquisitions Multifamily Washington Western

Kidder Mathews Brokers $19M Sale of Cornelius Apartments in Seattle

by Amy Works August 20, 2025

SEATTLE — The Simon | Anderson Multifamily Team at Kidder Mathews has arranged the $19 million sale of Cornelius Apartments, located at 306 Blanchard St. in Seattle’s Belltown neighborhood. Dylan Simon, Jerrid Anderson, Matt Laird and JD Fuller of Simon | Anderson Multifamily represented the undisclosed seller in the deal. The name of the buyer was not released. Built in 1925 as a hotel, the nine-story building features 137 apartments, averaging 455 square feet.

August 20, 2025

Acquisitions Colorado Industrial Western

MAG Capital Partners Buys 305,984 SF Industrial Complex in Windsor, Colorado

by Amy Works August 20, 2025

WINDSOR, COLO. — MAG Capital Partners has purchased an industrial complex at 9952 Eastman Park Drive in Windsor in a sale-leaseback with Kodak Moments, a business unit of Kodak Alaris Holdings Limited, for an undisclosed price. Kodak Moments will continue to occupy the 305,984-square-foot property, which has housed its operations since 1970. Mark West and Sam Koziol of JLL represented the seller in the sale-leaseback transaction. Terms of the sale were not released.

August 20, 2025

Industrial Loans Washington Western

Gantry Secures $17.1M Refinancing for FedEx-Occupied Warehouse in Everett, Washington

by Amy Works August 20, 2025

EVERETT, WASH. — Gantry has secured a $17.1 million permanent loan to refinance a maturing construction-to-permanent loan for a warehouse property located at 7301 Hardeson Road in Everett. FedEx fully occupies the 123,000-square-foot facility as a regional shipping center. FedEx took occupancy of the property, after construction in 2019, on a long-term lease. Tony Kaufmann and Joe Foley of Gantry secured the loan on behalf of the borrower, a private real estate investor. The 10-year, fixed-rate loan was secured from one of Gantry’s correspondent life company lenders with a partial interest-only period followed by 30-year amortization. Gantry will service the loan.

August 20, 2025

Acquisitions California Retail Western

SRS Real Estate Partners Negotiates $5.9M Sale of Retail Property in Winchester, California

by Amy Works August 20, 2025

WINCHESTER, CALIF. — SRS Real Estate Partners has arranged the sale of a three-tenant retail building within French Valley Marketplace at 35974 Winchester Road in Winchester. A Southern California-based private developer sold the asset to a La Jolla, Calif.-based private investor for $5.9 million. The 7,226-square-foot property is occupied by Panera Bread and Toro Sushi on long-term absolute triple-net leases. The asset also has one available unit. Matthew Mousavi, Patrick Luther and Jack Cornell of SRS Capital Markets represented the seller in the transaction.

August 20, 2025

Development Industrial Texas

CapRock Partners to Develop 250,000 SF Industrial Project in McKinney, Texas

by Taylor Williams August 20, 2025

MCKINNEY, TEXAS — California-based development and investment firm CapRock Partners has acquired 15.3 acres in McKinney, located north of Dallas, with plans to construct a 250,000-square-foot industrial project. McKinney Air Business Park, named for the site’s adjacency to McKinney National Airport, will be a two-building, shallow-bay development. Construction is scheduled to begin early next year. Colliers represented the undisclosed seller in the land deal and has also been retained by CapRock as the project’s leasing agent.

August 20, 2025

Development Midwest Minnesota Multifamily Student Housing

Landmark Properties Opens 1,021-Bed Student Housing Project in Minneapolis

by Kristin Harlow August 20, 2025

MINNEAPOLIS — Landmark Properties has opened The Standard at Dinkytown, a 17-story student housing project comprising 1,021 beds in Minneapolis. The 17-story community marks the first student housing development in Minnesota for Athens, Ga.-based Landmark. BKV Group served as the architect, and Landmark Construction was the general contractor. The property’s 323 units range from studios to five bedrooms. Each apartment is fully furnished and wired for high-speed internet and cable. Amenities include an outdoor pool area with a jumbotron, sun deck, cabanas, grilling stations and rooftop hot tub. Students also have access to an interior courtyard area, fitness center, clubhouse with computer lab, gaming lounge, study lounge with café and Amazon package lockers.

August 20, 2025

Georgia Leasing Activity Restaurant Retail Southeast

Simon Introduces 18 New and Expanded Retailers at Lenox Square in Atlanta

by John Nelson August 20, 2025

ATLANTA — Simon has introduced 18 new and expanded retailers debuting at Lenox Square, a 1.5 million-square-foot retail destination located in Atlanta’s Buckhead district. Nine of the tenants are now open and operating at Lenox Square, including three expanding concepts: Rolex, Burberry and Ferragamo. The other six opened stores are Good American, AllSaints, Ray-Ban, Rowan, Starbucks Coffee and Claire’s. Nine more concepts are set to open later this year, including IWC, Panerai, Mejuri, Cole Haan, Garage, Lovisa, Levi’s, Kelly’s Cajun Grill and Great American Cookie Company/Marble Slab. David Vinehout serves as Simon’s vice president of leasing at Lenox Square and Phipps Plaza, another high-end shopping mall in Buckhead that Simon owns and operates. Lenox Square is anchored by Bloomingdale’s, Neiman Marcus and Macy’s and includes 250 specialty stores and several restaurants, including The Cheesecake Factory, North Italia and True Food Kitchen.

August 20, 2025

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