Monday, June 9, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Property Type

AcquisitionsGeorgiaIndustrialSoutheast

Cove Capital Investments Purchases 113,157 SF Industrial Property in Athens, Georgia

by John Nelson

ATHENS, GA. — Cove Capital Investments, a Delaware Statutory Trust (DST) sponsor company, has completed the purchase of an industrial property located in Athens, roughly 70 miles northeast of Atlanta. Situated within the 35-acre General Time mixed-use development, the property totals 113,157 square feet. Originally built in 1990, the asset was redeveloped between 2018 and 2021. The property was acquired as part of Cove Capital’s growing portfolio of debt-free DST real estate assets for 1031 exchange and direct-cash investors, according to Dwight Kay, managing member and founding partner of Cove Capital Investments. The seller and sales price were not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
23Springs-Dallas
DevelopmentOfficeTexas

Granite Properties Tops Out 626,215 SF 23Springs Office Project in Uptown Dallas

by Taylor Williams

DALLAS — Granite Properties has topped out 23Springs, a 626,215-square-foot office project in Uptown Dallas. In addition to the 26-story office building, the development includes two separate restaurant buildings totaling roughly 16,000 square feet and a half-acre park. Granite Properties is developing 23Springs in partnership with North Carolina-based REIT Highwoods Properties (NYSE: HIW). Dallas-based GFF served as the project architect, and DPR Construction is the general contractor. Amenities will include a coffee and wine bar, indoor lounge with a golf simulator, fitness center, conference facilities and an outdoor lounge. Full completion is slated for spring 2025. The property is 60 percent preleased to tenants such as Deloitte, Sidley Austin LLP and Bank OZK, which also provided construction financing for 23Springs.

Continue Reading
FacebookTwitterLinkedinEmail
Corporate-Drive-Industrial-Complex-Selma
DevelopmentIndustrialTexas

Ackerman Delivers 511,000 SF Industrial Project in Selma, Texas

by Taylor Williams

SELMA, TEXAS — Atlanta-based developer Ackerman & Co. has delivered Corporate Drive Industrial Complex, a 511,000-square-foot industrial property in Selma, located northeast of San Antonio. Building 1 at the property totals 274,000 square feet, and Building 2 totals 237,000 square feet. Building features include 32- to 36-foot clear heights, 60 dock doors, two drive-in bays and 647 parking spaces (expandable to 735). Ackerman developed the project in partnership with Baltisse US Inc. Partners Real Estate has been tapped as the leasing agent. Construction began in summer 2023.

Continue Reading
FacebookTwitterLinkedinEmail
Bishop-Momo-Austin
DevelopmentMultifamilyTexas

United Properties Completes 274-Unit Bishop Momo Apartments in Austin

by Taylor Williams

AUSTIN, TEXAS — Minneapolis-based developer United Properties has completed Bishop Momo, a 274-unit apartment community in Austin’s St. Elmo District. Bishop Momo houses studio, one- and two-bedroom apartments as well as 6,000 square feet of street-level retail space. Amenities include a pool, fitness center, multiple lounges, coffee bar, dog run, conference room, package lockers and grilling stations. Belshaw Mulholland Architects designed Bishop Momo, and OHT Partners served as the general contractor. Rents start at approximately $1,450 per month for a studio apartment.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentRetailTexas

GBT Realty Underway on 50,632 SF Shopping Center in Burleson, Texas

by Taylor Williams

BURLESON, TEXAS — GBT Realty Corp., a developer based in the Nashville area, is underway on construction of a 50,632-square-foot shopping center in Burleson, located south of Fort Worth. Designed by Kansas-based BRR Architecture Inc., Burleson Commons will be located on a six-acre site the intersection of Southwest Wilshire Boulevard and Commons Drive. A 23,256-square-foot Sprouts Farmers Market will anchor the center, and discount retailer Five Below has also committed to a 9,000-square-foot space at Burleson Commons. Completion is scheduled for June 2025, with Sprouts set to open shortly thereafter.

Continue Reading
FacebookTwitterLinkedinEmail
Company NewsRestaurantRetailTexas

TGI Fridays Files for Chapter 11 Bankruptcy

by Taylor Williams

DALLAS — TGI Fridays Inc., which owns and operates 39 U.S. restaurants, has voluntarily filed for Chapter 11 bankruptcy protection in the Northern District of Texas. The Dallas-based operator cited long-running declines in sales dating back to the pandemic as the main impetus behind the filing. All independently owned and operated franchise locations, both foreign and domestic, are not impacted by the filing. An entity doing business as TGI Fridays Franchisor LLC, which owns the TGI Fridays brand and other intellectual property, was also unaffected. TGI Fridays Inc. has secured a commitment for debtor-in-possession financing from its lenders to support operations at its 39 restaurants while proceeding through the Chapter 11 process. Globally, the chain’s footprint spans 461 locations across 41 countries.

Continue Reading
FacebookTwitterLinkedinEmail
Trident-Logistics-Center-Revere-Massachusetts
DevelopmentIndustrialMassachusettsNortheast

Link Logistics, Saracen Properties Break Ground on 367,000 SF Industrial Project in Metro Boston

by Taylor Williams

REVERE, MASS. — A partnership between New York City-based Link Logistics Real Estate and locally based investment firm Saracen Properties has broken ground on a 367,000-square-foot industrial project in the eastern Boston suburb of Revere. The project represents Phase I of Trident Logistics Center, a 635,000-square-foot development that will be constructed on a speculative basis on a 23-acre site that is located about two miles from Logan International Airport and originally functioned as an oil tank farm. The Phase I building will feature a clear height of 40 feet and 60 loading docks. Gilbane Building Co. is handling construction, which is slated for a late 2025 completion.

Continue Reading
FacebookTwitterLinkedinEmail
Main-St-Apts-Los-Angeles-CA
CaliforniaDevelopmentMultifamilyWestern

Highridge Costa, Western Community Housing Open Affordable Housing Development in Los Angeles

by Amy Works

LOS ANGELES — Highridge Costa and Western Community Housing, along with Los Angeles Housing Department, Los Angeles County Department of Mental Health and the Housing Authority of the City of Los Angeles, have opened Main Street Apartments, an affordable housing development in the South Park neighborhood of Los Angeles. The community provides 57 fully furnished, permanent supportive housing apartment homes to homeless veterans and families earning at or below 30 percent to 50 percent of the area median income (AMI). The property offers 42 studio units targeted toward homeless veterans, 14 two-bedroom units targeting homeless families and a one-bedroom unit reserved for the onsite property manager. With 23 units set aside for homeless persons experiencing a mental health disorder, the community is also fully accessible, including all indoor and outdoor spaces, to those with physical disabilities. While 56 of the residences are fully adaptable units, an additional seven units have features for mobility accessibility and four units have features for communication accessibility. Units will include a bed, couch, dresser, dining table, chairs, kitchenette, closet and a private bathroom. Community amenities include a community room, residential courtyard, roof terraces, bike storage, laundry facilities and onsite resident services, as well as 1,500 square …

Continue Reading
FacebookTwitterLinkedinEmail
DelawareDevelopmentIndustrialNortheast

Davis, J.G. Petrucci Underway on 361,700 SF Industrial Project in Bear, Delaware

by Taylor Williams

BEAR, DEL. — A partnership between two regional developers, The Davis Cos. and J.G. Petrucci Co., is underway on construction of a 361,700-square-foot industrial project in Bear, about 45 miles southwest of Philadelphia. The site at 710 American Blvd. spans 28 acres and offers proximity to U.S. Route 40, 1-95, I-295 and the New Jersey Turnpike. The development will feature a clear height of 30 feet, 68 overhead loading dock doors, two drive-in doors, 3,150 square feet of office space and parking for 250 cars and 50 trailers. Construction is slated for a third-quarter 2025 completion.

Continue Reading
FacebookTwitterLinkedinEmail
Twin-Canyon-Shopping-Center-San-Ramon-CA
AcquisitionsCaliforniaRetailWestern

TownCentre Capital Buys Twin Canyon Shopping Center in San Ramon, California for $9M

by Amy Works

SAN RAMON, CALIF. — TownCentre Capital has acquired Twin Canyon Shopping Center, a retail strip center in San Ramon, from a private entity for $9 million.Located at 2450-2550 San Ramon Valley Blvd., Twin Canyon Shopping Center offers 23,149 square feet of retail space. The property is fully leased to a variety of tenants, including Round Table Pizza, Beer Area Liquors and Bricks & Minifigs. The shopping center was built in 1980. Eric Kathrein and Warren McClean of JLL Capital Markets represented the seller in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts