Saturday, July 25, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Property Type

Tower-at-Frisco-Square
AcquisitionsOfficeTexas

Colliers Arranges Sale of 174,147 SF Tower at Frisco Square Office Building

by Taylor Williams

FRISCO, TEXAS — Colliers International has arranged the sale of Tower at Frisco Square, a 174,147-square-foot office building situated on 3.2 acres at 5757 Main St. in Frisco. Video game developer Gearbox Software is the anchor tenant of the five-story building, which was constructed in 2015 and has an adjacent five-level parking garage with additional ground-floor office and retail space. Dallas-based Encore Enterprises sold the property to Missouri-based REIT Maxus Realty Trust for an undisclosed price. Creighton Stark and Chris Boyd of Colliers brokered the deal.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialTexas

TRECAP Management Buys Two Warehouses Totaling 31,750 SF in Houston

by Taylor Williams

HOUSTON — Locally based investment firm TRECAP Management has purchased two warehouses totaling 31,750 square feet in Houston. The buildings are located at 12400 and 12402 Taylor Road and are fully leased to SRS Distribution Inc. Barrett Gibson and Jason Tangen of Colliers International represented the seller, H&B Development & Construction LP, as well as TRECAP Management in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
Toasted-Yolk-Fulshear
Leasing ActivityRestaurantRetailTexas

Toasted Yolk Café Opens Two Restaurants in Metro Houston

by Taylor Williams

KATY AND CYPRESS, TEXAS — Breakfast eatery The Toasted Yolk Café has opened two new restaurants in the Houston area, one at The Crossing at Katy Fulshear on the western side of town and one at Cypress Mill Village in the northwestern suburbs. Toasted Yolk Café now operates 14 restaurants in the Houston area. Paul Vernon and Campbell Vise of Henry S. Miller represented the restaurant in its site selection and lease negotiations.

Continue Reading
FacebookTwitterLinkedinEmail
IndustrialLeasing ActivityNAITexas

NAI Partners Negotiates 9,600 SF Industrial Sublease in West Houston

by Taylor Williams

HOUSTON — NAI Partners has negotiated a 9,600-square-foot industrial sublease at 3402 Bacor Road in west Houston. According to LoopNet Inc., the property was built in 2017. Chris Caudill and Griff Bandy of NAI Partners represented the subtenant, SES Subsea Engineering Solutions, in the lease negotiations. CBRE represented the sublessor, DNV GL USA Inc.

Continue Reading
FacebookTwitterLinkedinEmail
FeaturesMultifamilySoutheast Feature ArchiveWalker & Dunlop

Walker Webcast: Steady Apartment Rent Collections Buoyed by Unemployment Benefits

by Kristin Harlow

BETHESDA, MD. — Several industry professionals are predicting that a second stimulus bill will be a $1.75 trillion package approved by Aug. 15. The comments came on a “Walker Webcast” webinar, entitled “All Eyes on Washington: What Will the Next Stimulus Bill Do for CRE?” that took place on Wednesday, July 29. Commercial real estate finance firm Walker & Dunlop hosts the webinar series. Willy Walker, chairman and CEO of Bethesda, Md.-based Walker & Dunlop, spoke with Bob Broeksmit, president and CEO of the Mortgage Bankers Association (MBA); Doug Bibby, president of the National Multifamily Housing Council (NMHC); and Jeff DeBoer, president and CEO of Real Estate Roundtable. The three guests conversed on a variety of topics, with the possible extension of the eviction moratorium being one of the most discussed issues. Bibby of NMHC equated the moratorium to rent control. The notion sounds good because the consumer is protected, but it can have devastating effects on the owner, particularly in the multifamily space where a lot of landlords are smaller owner-operators. “They [multifamily owners] could lose everything with an eviction moratorium because they have mortgages, property taxes, insurance and payroll to pay,” said Bibby. Over 40 percent of apartment …

Continue Reading
FacebookTwitterLinkedinEmail
Company NewsMultifamilySeniors HousingSoutheastTennessee

Ventas, Brookdale Restructure Seniors Housing Master Lease Amid Pandemic-Related Challenges

by Alex Tostado

CHICAGO AND BRENTWOOD, TENN. — Ventas, a Chicago-based REIT, has restructured its master lease with Brookdale in response to the challenges presented by the COVID-19 pandemic. Ventas owns 120 Brookdale-managed communities totaling 10,174 units. As part of the restructuring, Brookdale sold five communities that it both owned and operated to Ventas. Brentwood-based Brookdale will continue to operate those properties. Terms of the agreement include a reduction in rents totaling $500 million over the remaining lease term, which ends Dec. 31, 2025. Brookdale surrendered its $47 million security deposit and agrees to pay $115 million in cash to Ventas. In addition, Brookdale issued a $45 million unsecured, interest-only, pre-payable note to Ventas, with an initial interest rate of 9 percent per annum and maturing at the same time as the lease expiration. Lastly, Brookdale issued 16.3 million shares of its stock to Ventas at a value of $3 per share. The transaction represents approximately 8 percent of all Brookdale shares. Centerview Partners served as financial advisor to Ventas. Wachtell, Lipton, Rosen & Katz and Barack Ferrazzano Kirschbaum & Nagelberg LLP are serving as legal counsel to Ventas.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentGeorgiaIndustrialSoutheast

Scannell Properties Breaks Ground on Phase II of Logistics Park in Metro Atlanta

by Alex Tostado

LOCUST GROVE, GA. — Scannell Properties has broken ground on Phase II of Gardner Logistics Park. The second phase will comprise three buildings totaling 1.1 million square feet. One of the buildings is a build-to-suit for an undisclosed tenant. Gardner Logistics Park is situated at 3150 Ga. Highway 42, 29 miles southeast of Hartsfield-Jackson Atlanta International Airport and one mile from Interstate 75. Phase I comprises two buildings totaling 1.7 million square feet. Building I is fully leased to an undisclosed tenant and is expandable up to 318,334 square feet. James Phillpott, Lisa Pittman and Helen Cauthen of Cushman & Wakefield oversee leasing for the park.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsDistrict of ColumbiaMultifamilySoutheast

JLL Arranges $49M Sale of Multifamily Community in D.C.

by Alex Tostado

WASHINGTON, D.C. — JLL has arranged the $49 million sale of The Shaw, an eight-story, 69-unit multifamily community in Washington, D.C.’s Shaw neighborhood. The property offers studio to four-bedroom floor plans. Communal amenities include a virtual front desk, a rooftop terrace and package lockers. Delivered this year, the asset is located at 618 T St. NW, one mile northeast of downtown Washington, D.C. Walter Coker, Brian Crivella and Robert Jenkins of JLL represented the seller, Monument Realty, in the transaction. A joint venture between Shimizu Realty Development Inc. and Capital Security Advisors LLC acquired the property in an all-cash deal.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIndustrialSouth CarolinaSoutheast

Rooker to Develop $22M Speculative Industrial Property in Upstate South Carolina

by Alex Tostado

PELZER, S.C. — Rooker Co. will develop Pelzer Point Commerce Center Building One, a 212,500-square-foot speculative industrial property in Pelzer. The Atlanta-based developer expects to break ground Aug. 5 and deliver the property in the third quarter of 2021. Rooker expects total development costs to total $22 million. The property is situated at 1630 Easley Highway, 15 miles southwest of downtown Greenville. The asset will feature 32-foot clear heights, 50 dock doors and office space. The building will be Anderson County’s first speculative industrial building with Interstate 85 frontage, according to Colliers International. Pelzer Point can also accommodate an additional 187,000-square-foot development. Garrett Scott, John Montgomery and Brockton Hall of Colliers will lead the leasing and marketing effort on behalf of Rooker.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsFloridaHealthcareSoutheast

IRA Capital Acquires Surgery Center in Fort Myers for $7M

by Alex Tostado

FORT MYERS, FLA. — IRA Capital has acquired Paramount Surgery Center, a 9,000-square-foot surgery center in Fort Myers. The property is located at 2565 Cleveland Ave., across the street from Lee Memorial Hospital. The asset was completed in 2012 and features three operating rooms, step-down recovery, a nurse station, consultation room and a reception area. John Krzyminski and Max Krzyminski of JLL represented the seller, 8250 Realty LLC, in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts