Property Type

Atlanta Multifamily Market: Overcoming Historic Supply and Still a Winner

by John Nelson June 9, 2025

Five years after the world shut down, the national multifamily market is still on a roller coaster ride. After the highs of 2021 quickly turned into the lows of 2023, the dust settled in 2024. Today, the market has begun to reactivate while continuing to grapple with the aftereffects of the run-up. While national multifamily transactions soared 22 percent in 2024, Atlanta transaction volume was flat year-over-year as the investment community shifted a favorable view of Atlanta toward ambivalence. Perceptions surrounding new supply and non-paying tenants contributed to the city falling out of vogue with some investors, but Atlanta is a resilient market. With new deliveries having peaked in 2024 and property-level fundamentals rapidly turning the corner, Atlanta may be beaten up, but the light at the end of the tunnel is coming into focus: Atlanta is still a long-term winner. Days of peak supply are over While Atlanta experienced a record 24,000 units delivered in 2024, that figure represents just 4 percent of its total inventory. When compared to other Sun Belt markets like Charlotte (10 percent of total inventory delivered in 2024), Nashville (8 percent) and Dallas (5 percent), the number doesn’t seem as jarring. Looking ahead to …

June 9, 2025

Development Industrial Texas

Urban Logistics Realty Breaks Ground on 542,851 SF Spec Project in Northwest Houston

by Taylor Williams June 6, 2025

HOUSTON — Dallas-based Urban Logistics Realty has broken ground on The Brickyard, a 542,851-square-foot speculative project in northwest Houston. The Brickyard will be a three-building development at 5020 Acorn St. whose structures will have a mix of configurations, as well as ample car and trailer parking. Urban Logistics Realty is developing the project in partnership with Principal Asset Management. Other project partners include Powers Brown (architect), Harvey Builders (general contractor), Kimley-Horn (civil engineer), Pinnacle (structural engineer), First United Bank & Trust (construction lender) and Stream Realty Partners (leasing agent). Completion is slated for mid-2026.

June 6, 2025

Acquisitions California Office Western

Uncommon Developers Acquires Office Tower in Downtown Los Angeles for $210M

by Amy Works June 6, 2025

LOS ANGELES — Uncommon Developers has acquired 601 S. Figueroa Street, an office tower in downtown Los Angeles, for $210 million, or $201 per square foot. Built in 1990, the 52-story, 1 million-square-foot property features dual open-air lobbies, a tenant lounge, fitness center, 50 electric vehicle stalls and executive valet. Sean Fulp, Mark Schuessler and Jordan Garcia of Colliers represented the buyer, while Newmark’s Kevin Shannon, Ken White, Rob Hannan, Laura Stumm and Michael Moll represented the undisclosed seller in the deal. Uncommon Developers has tapped Colliers to handle leasing and property management of the asset. Matthew Heyn and Ian Gilbert of Colliers will lead leasing efforts, while Kevin Rude and Tina Minook of Colliers will lead full-service property management for the building.

June 6, 2025

Development Nevada Retail Western

City of Henderson Approves Development Plans for $50M Retail Project in Metro Las Vegas

by Amy Works June 6, 2025

HENDERSON, NEV. — The City of Henderson has approved development plans for The Cliff, a $50 million open-air retail and dining destination located in Henderson, roughly 15 miles outside Las Vegas. A 100,000-square-foot office complex on the property will be redeveloped into a pedestrian-friendly, retail-oriented environment that will feature landscaped courtyards, breezeways, public art, live music and a kiosk village named “The Yard.” Serving as the gateway to the Green Valley Ranch master-planned community, The Cliff will be Henderson’s first retail development in more than 20 years. Construction is expected to begin in October, with a grand opening scheduled for fall 2026. A partnership between San Diego-based CAST and Los Angeles-based Partners Capital will be leading the project. Dubbed as Southern Nevada’s first “anti-mall,” the project aims to replace the traditional strip mall and big-box retail model with a walkable, community-centric gathering place.

June 6, 2025

Industrial Leasing Activity Texas

Colliers Negotiates 59,400 SF Industrial Lease in Baytown, Texas

by Taylor Williams June 6, 2025

BAYTOWN, TEXAS — Colliers has negotiated a 59,400-square-foot industrial lease in the eastern Houston suburb of Baytown. The tenant was not disclosed. Completed in 2019, the building at 1203 Thompson Park Drive features 28-foot clear heights, 17 dock-high positions, an oversized ramp door, an ESFR sprinkler system, 1,800 square feet of office space and 25 trailer parking stalls. Barrett Gibson and Jason Tangen of Colliers represented the undisclosed landlord in the lease negotiations.

June 6, 2025

Development Florida Mixed-Use Multifamily Southeast

Hines, Urban Street Development Top Off Second Multifamily Building at $500M FAT Village in Fort Lauderdale

by John Nelson June 6, 2025

FORT LAUDERDALE, FLA. — Hines and Urban Street Development (USD) have completed vertical construction of the second multifamily building at FAT Village, an 835,000-square-foot, $500 million mixed-use development in Fort Lauderdale’s Flagler Village neighborhood. Upon completion of Phase I, FAT Village will feature 80,000 square feet of experiential retail, a 1,200-space commercial parking structure and 600 residential units across two multifamily buildings, the first of which was topped out in March. Later this year, Hines and USD will top off T3 FAT Village, a 180,000-square-foot mass timber office building. T3 (which is named for timber, transit and technology) is slated for completion in 2026. Blanca Commercial Real Estate is leading pre-leasing efforts for the office space.

June 6, 2025

Arizona Loans Multifamily Western

BWE Secures $31.2M Loan for Refinancing of Cabana Bullard Multifamily Property in Goodyear, Arizona

by Amy Works June 6, 2025

GOODYEAR, ARIZ. — BWE, on behalf of Scottsdale, Ariz.-based Greenlight Communities, has arranged $31.2 million to refinance Cabana Bullard, an apartment community in Goodyear. Located at North Bullard Avenue and West Van Buren Street, Cabana Bullard offers studio, one- and two-bedroom apartments. Located at 14780 W. Van Buren St., Cabana Bullard was built in 2023. Charlie Williams and Matt Terpstra of BWE originated the three-year, full-term interest-only loan with a competitive rate and flexible terms. A national life company lender provided the financing.

June 6, 2025

Leasing Activity Retail Texas

Barnes & Noble to Open 20,388 SF Store at The Plaza at Rockwall in Metro Dallas

by Taylor Williams June 6, 2025

ROCKWALL, TEXAS — Barnes & Noble will open a 20,388-square-foot store at The Plaza at Rockwall, a shopping center located on the northeastern outskirts of Dallas. The center is also home to tenants such as J.C. Penney, Belk, Dick’s Sporting Goods, Best Buy, Ulta Beauty and HomeGoods. Gretchen Miller and Emilie Paulson of Weitzman represented the landlord, CTO Realty Growth, in the lease negotiations. Segovia Partners represented Barnes & Noble.

June 6, 2025

Acquisitions California Industrial Western

MKD Investments Buys Pine Creek Business Park in Santa Rosa, California for $23.5M

by Amy Works June 6, 2025

SANTA ROSA, CALIF. — MKD Investments has purchased Pine Creek Business Park, an industrial flex business park in Santa Rosa, from Pine Creek Properties for $23.5 million. Located at 3350-3360 Coffey Lane, the park features six freestanding buildings on separate parcels offering a total of 152,925 square feet. The multi-tenant buildings range in size from 20,000 square feet to 31,000 square feet. The flex buildings are leased to several tenants representing a variety of of industries. Additionally, many of the buildings are equipped with floor drains and wine making infrastructure, docks and insulation. Trevor Buck of Cushman & Wakefield represented the buyer and seller in the off-market transaction.

June 6, 2025

Leasing Activity Office Texas

B&A Architectural Products Signs 15,700 SF Office Lease Renewal in Seagoville, Texas

by Taylor Williams June 6, 2025

SEAGOVILLE, TEXAS — B&A Architectural Products has signed a 15,700-square-foot office lease renewal in Seagoville, a southeastern suburb of Dallas. The commercial door manufacturer will remain a tenant at the property at 1606, 1608 and 1611 Bruce Way. Will Bywaters of Holt Lunsford Commercial represented the tenant in the lease negotiations. William LeMasters of Mercer Co. represented the undisclosed landlord.

June 6, 2025

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