Property Type

Brixton Capital Buys Portion of Elk Grove Village Shopping Center in California

by Amy Works June 27, 2025

ELK GROVE, CALIF. — Brixton Capital has purchased four parcels of the Elk Grove Village shopping center from Elk Grove Village LLC (Mima Capital LLC) for $10.6 million. The neighborhood retail center is located at 8511-8591 Elk Grove Blvd. in Elk Grove, approximately 15 miles south of Sacramento. At the time of sale, the property was fully leased. Current tenants include Arby’s, Macque’s BBQ, Plaza del Sol restaurant and Papa Murphy’s Pizza. Over the next five years, Brixton plans to make improvements to the center, which was built between 1984 and 1988. Randy Getz of CBRE represented the seller, while Brixton Capital was self-represented in the transaction.

June 27, 2025

Development Midwest Ohio Retail

Cincinnati Bengals, Hamilton County Reach Deal for $470M Stadium Renovation, Lease Extension

by Kristin Harlow June 27, 2025

CINCINNATI — The NFL’s Cincinnati Bengals and Hamilton County have agreed to principal terms for a new lease that keeps the team in Cincinnati playing home games at Paycor Stadium through June 2036. There are 10 additional option years that could extend the lease through June 2046. The agreement also supports a modernization of the 25-year-old stadium. The Bengals will invest $120 million in the $470 million renovation project, covering 75 percent of new improvements to the stadium. The team and the county will continue to collaborate to secure funding from the state to further support the renovation efforts. Paycor Stadium opened in 2000 when the Bengals and Hamilton County came together with the goal of transforming Cincinnati’s riverfront into a sports and entertainment district. The Banks generates more than $2.5 billion in annual economic impact, with the Bengals driving over $1 billion in annual economic impact. Under a new deal, the Bengals and the county are poised to continue transforming the riverfront.

June 27, 2025

Acquisitions Industrial Midwest Ohio

Plymouth Acquires 2 MSF Industrial Portfolio in Ohio for $193M

by Kristin Harlow June 27, 2025

OHIO — Plymouth Industrial REIT Inc. has acquired a nearly 2 million-square-foot industrial portfolio across Columbus, Cincinnati and Cleveland for $193 million. The 21-building portfolio is currently 97 percent leased to 75 tenants with a weighted average remaining lease term of 2.8 years. According to Plymouth, in-place rents are approximately 22 percent below current market rates, and the purchase price reflects a 25 percent discount to today’s replacement cost. With this acquisition, Plymouth now owns more than 12 million square feet of industrial space in Ohio. The portfolio will be operated from the company’s Columbus office.

June 27, 2025

Development Indiana Midwest Multifamily Student Housing

Core Spaces, Harrison Street to Build 1,492-Bed Student Housing Community Near Indiana University

by Kristin Harlow June 27, 2025

BLOOMINGTON, IND. — Core Spaces and Harrison Street have partnered to build Hub Bloomington Lincoln, a 1,492-bed student housing community near Indiana University. Located on Lincoln Street within the university’s designated mixed-use student housing zone, the five-story development will include 461 units ranging from studios to five-bedroom layouts. There will be roughly 34,000 square feet of indoor and outdoor amenity spaces, including a fitness center, rooftop pool, basketball court, study areas and a spa with sauna. Construction is underway, and completion is slated for summer 2027. Wells & Wells is the general contractor, and DLR Group is leading architecture and design. TSB Capital Advisors consulted on the joint venture and arranged financing from affiliates of QuadReal Property Group.

June 27, 2025

Acquisitions Midwest Nebraska Retail

Investors Realty Brokers $14.5M Sale of Plaza North Shopping Center in Omaha

by Kristin Harlow June 27, 2025

OMAHA, NEB. — Investors Realty Inc. has brokered the sale of the Plaza North Shopping Center in Omaha for $14.5 million. Situated near the intersection of 90th and Fort streets, the grocery-anchored property totals 203,250 square feet. Tenants include Baker’s Supermarket, Fowling Warehouse, Altitude Trampoline Park, Planet Fitness and ArchWell Health. The asset underwent a significant renovation in 2018 and was 92 percent leased at the time of sale. Ember Grummons of Investors Realty represented the seller, Plaza North Station LLC. Sam Seelenfreund of Cleeman Realty Group represented the buyer, Sky Capital Group.

June 27, 2025

Leasing Activity Midwest Missouri Office

JLL Negotiates Five Office Leases Totaling 120,000 SF in Fenton, Missouri

by Kristin Harlow June 27, 2025

FENTON, MO. — JLL has negotiated five new office leases totaling more than 120,000 square feet at 1400 S. Highway Drive in Fenton near St. Louis. The building is now 95 percent leased. The tenants come from a wide range of industries, with Delta Dental being the largest lease at 69,000 square feet. The Maritz family, a local owner, is the landlord. The family’s company, Maritz, also operates on the campus.

June 27, 2025

Acquisitions California District of Columbia Multifamily Southeast Top Stories Western

JRK Property Holdings Acquires Two Apartment Communities in Los Angeles, Washington, D.C. for $315M

by Abby Cox June 27, 2025

LOS ANGELES AND WASHINGTON, D.C. — Los Angeles-based JRK Property Holdings has acquired two apartment communities totaling 684 units, Chase Knolls in Los Angeles and WestEnd25 in Washington, D.C., in two separate transactions for a combined total of $315 million. Located on 14 acres in the Los Angeles neighborhood of Sherman Oaks, Chase Knolls is a 401-unit garden-style community that encompasses nearly two city blocks. The property was originally built in 1949 to include 260 Art Deco-inspired apartment homes across 19 one- and two-story residential buildings. In 2021, a new clubhouse and resort-style swimming pool were integrated into the community, along with 141 new units that were constructed to occupy six additional residential buildings. JRK also plans to make further enhancements to the complex to improve the community amenities and common areas. According to Cushman & Wakefield, which marketed the property for sale on behalf of the undisclosed seller, Chase Knolls is one of only 12 apartment communities exceeding 100 units built in Sherman Oaks over the past 75 years, a testament to the significant development hurdles in the area, such as limited land and high barriers to entry. The second property, WestEnd25, is a 283-unit high-rise apartment community that …

June 27, 2025

Industrial Loans Texas

Tremont Realty Capital Provides $28M Loan for Refinancing of San Antonio Industrial Building

by Taylor Williams June 26, 2025

SAN ANTONIO — Tremont Realty Capital, a division of Boston-based investment firm RMR Group, has provided a $28 million bridge loan for the refinancing of Rise at Loop 410, an approximately 360,000-square-foot warehouse and distribution building in San Antonio. According to LoopNet Inc., the cross-dock building offers 36-foot clear heights, 106 exterior dock doors and 280 parking spaces. Tremont funded the floating-rate loan, which has a three-year initial term with two one-year extension options, through its affiliate, Seven Hills Realty Trust (NASDAQ: SEVN). Cushman & Wakefield arranged the debt on behalf of the owner, Connecticut-based Grandview Partners.

June 26, 2025

Civic Development Texas

REEDER Construction Completes 70,807 SF Elementary School in Dallas

by Taylor Williams June 26, 2025

DALLAS — REEDER Construction has completed the 70,807-square-foot George Peabody Elementary School in the Oak Cliff area of Dallas. Designed by Pfluger Architects, the school supports about 500 students and features a courtyard and a central core with a media center, art and music rooms and maker space, all wrapped by classrooms. The school opened at its current site in 1951, and students and faculty were temporarily relocated to the former Thomas Edison Middle School campus during construction of the new facilities.

June 26, 2025

Acquisitions Retail Texas

STRIVE Arranges Sale of 60,685 SF Shopping Center in Lubbock, Texas

by Taylor Williams June 26, 2025

LUBBOCK, TEXAS — Dallas-based brokerage firm STRIVE has arranged the sale of Family Park Center, a 60,685-square-foot shopping center located in the West Texas city of Lubbock. The center is located along I-27 and was 94 percent leased at the time of sale to tenants such as Dollar Tree, Harbor Freight and Specialty Auto Repair. Will Schubert of STRIVE represented the locally based seller in the transaction and procured the Irving-based buyer. Both parties requested anonymity.

June 26, 2025

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