Sunday, February 8, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Property Type

DevelopmentMultifamilySoutheastVirginia

Thalhimer Realty Partners to Build $30M Multifamily Project Within City View Landing in Richmond

by John Nelson

RICHMOND, VA. — Thalhimer Realty Partners, the investment and development arm of Cushman & Wakefield | Thalhimer, plans to build the next phase of City View Landing, a residential development situated in Richmond’s Manchester neighborhood. Dubbed City View Marketplace, the $30 million project will include five buildings housing 161 apartments and 13,270 square feet of ground-level retail space. The project will join The Overlook at City View and City View Row within the master development. Thalhimer expects to deliver City View Marketplace in phases, with a full completion set for April 2020. The City View Landing development features a two-acre pad site on Hull Street that could house a 36,000-square-foot grocer or a future mixed-use building, according to Thalhimer.

Continue Reading
FacebookTwitterLinkedinEmail
Academy Sports Starkville
AcquisitionsMississippiRetailSoutheast

SRS Brokers $8.4M Sale of Starkville Store Leased to Academy Sports + Outdoors

by John Nelson

STARKVILLE, MISS. — SRS Real Estate Partners has arranged the $8.4 million sale of a 62,916-square-foot store in Starkville fully leased to Academy Sports + Outdoors. The sporting goods retailer recently signed a 15-year lease at the store with scheduled rent increases and options to extend. A private investor based in Southern California purchased the asset in 1031 exchange from the seller, a merchant real estate developer based in the Southeast. The store was built in 2017 at 160 Hollywood Blvd., about five miles west of Mississippi State University. Britt Raymond, Kyle Fant, Matthew Mousavi and Patrick Luther of SRS represented both parties in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
Capstone-Harrison-Street-Mesa-AZ
ArizonaDevelopmentMultifamilyStudent HousingWestern

Public-Private Partnership Starts Construction of 374-Bed Residence Hall at Arizona State University Polytechnic

by Amy Works

MESA, ARIZ. — Construction is underway on a 374-bed mixed-use community on the Arizona State University Polytechnic campus in Mesa. A public-private partnership between the university, Capstone Development Partners and equity partner Harrison Street is developing the $34.2 million community. The development will offer private- and shared-bedroom suites. Shared amenities include a main floor lounge and common kitchen; study space and lounges on each floor; and 8,500 square feet of academic space including classrooms, offices, conference areas and meeting areas. The project is scheduled for completion in fall 2020. Shepley Bulfinch is the designer, while CORE Construction is the general contractor for the development.

Continue Reading
FacebookTwitterLinkedinEmail
Affordable HousingColoradoDevelopmentLoansMultifamilyWestern

Bellwether Enterprise Closes $20.6M Fannie Mae Loan for Affordable Housing Project in Colorado

by Amy Works

GYPSUM, COLO. — Bellwether Enterprise Real Estate Capital, the commercial and multifamily mortgage banking subsidiary of Enterprise Community Investment, has closed a $20.6 Fannie Mae loan. The funds will be used for Phase I of Spring Creek Apartments, an affordable multifamily development in Gypsum, 25 miles west of Vail, Colo. Located at 750 Sunny Ave., the first phase of Spring Creek Apartments will include 150 garden-style apartments in a mix of one-, two- and three-bedroom layouts available to residents making between 30 percent and 60 percent of the area median income. Construction is currently underway with completed slated for summer 2020. Once fully developed, Spring Creek Apartments will offer 461 apartments, townhomes, duplexes and single-family homes, as well as a clubhouse and park facility including a leasing office, community room, business center and fitness center. Additionally, the complex will feature community gardens and walking trails to connect residents to the Eagle County, Colo., multi-use trail system. Anthea Martin of Bellwether Enterprise’s Denver office arranged the 24-month forward period followed by a 15-year Fannie Mae M.TEB loan on behalf of co-developers Gerry Flynn and Jeff Spanel. A fixed rate of 3.3 percent was secured for the transaction. Additional funding for Spring …

Continue Reading
FacebookTwitterLinkedinEmail
The-McKesson-Building-Everett-WA
AcquisitionsIndustrialWashingtonWestern

Gensco Acquires 110,000 SF Industrial Building in Washington for $16.5M

by Amy Works

EVERETT, WASH. — Gensco, a wholesale distributor and manufacturer of HVAC equipment and supplies, has purchased an industrial facility located in Everett. Galt, a private investment group, sold the property for $16.5 million, or just under $150 per square foot, an in off-market transaction. Built in 1976 on five acres, the building features 110,000 square feet of industrial space. The standalone facility is located at 710 132nd St. The property was formerly known as The McKesson Building. Matt Hagen and Matt Henn of Kidder Mathews represented the seller, while Laura Fox, Jason Bloom and Todd Gauthier, also of Kidder Mathews, represented the buyer in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
Jurupa-Valley-Spectrum-Jurupa-Valley-CA
CaliforniaLoansRetailWestern

CBRE Arranges $9M Loan to Refinance Jurupa Valley Spectrum Retail Asset in Inland Empire

by Amy Works

JURUPA VALLEY, CALIF. — CBRE Capital Markets’ Debt & Structured Finance team has arranged a $9 million loan for Kite Family Limited Partnership. The funds will be used to refinance debt on Jurupa Valley Spectrum, a retail asset in Jurupa Valley. Located at 8022-8082 Limonite Ave., the 124,949-square-foot retail center was 98 percent leased at the time of financing. Jurupa 14 Cinemas occupies approximately 48 percent of the property. Other tenants include Walgreens, Starbucks Coffee and the United States Postal Service. Shaun Moothart, Bruce Francis, Bob Ybarra, Dana Summers, Doug Birrell and Jennifer Ansari of CBRE secured the financing, which was used to retire existing debt on the property, improve the borrower’s terms and enhance the cash flow generated from the investment. The loan’s structure also provides for future funding to build out additional improvements at the property.

Continue Reading
FacebookTwitterLinkedinEmail
LoansMultifamilyUtahWestern

Hunt Real Estate Provides $5.2M in Refinancing for Lakeview Court Apartments in Provo, Utah

by Amy Works

PROVO, UTAH — Hunt Real Estate Capital has provided a Fannie Mae DUS conventional loan in the amount of $5.2 million to refinance Lakeview Court Apartments, a multifamily property in Provo. The borrower is Geneva Road 44 LLC. The loan features a 12-year term, 30-year amortization and 24 months of interest-only payments. Situated on a two-acre site, Lakeview Court Apartments is a 44-unit, garden-style apartment complex comprising three three-story apartment buildings. Developed in 2015, the asset has 42,988 square feet of rentable space and 88 parking spots. At the time of sale, the property was 97 percent occupied.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMaineMultifamilyNortheastSeniors Housing

SLIB Negotiates Sale of 130-Unit Granite Hill Estates in Hallowell, Maine

by Taylor Williams

HALLOWELL, MAINE — Senior Living Investment Brokerage (SLIB) has arranged the sale of Granite Hill Estates, a continuing care retirement community in Hallowell, a southern suburb of Augusta. Granite Hill Estates features 46 independent living cottages, 60 independent living apartments and 24 assisted living/memory care units. The independent living portion was built in 2000 and assisted living was added in 2006. MaineGeneral Health sold the property to a regional owner-operator for an undisclosed price. Toby Siefert and Bradley Clousing of SLIB handled the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsNortheastPennsylvaniaRetail

JLL Arranges $29.1M Sale of Retail Center in Blue Bell, Pennsylvania

by Taylor Williams

BLUE BELL, PA. —JLL has brokered the $29.1 million sale of the Shops at Blue Bell, a 103,580-square-foot shopping center in Blue Bell, located approximately 15 miles north of Philadelphia. Regional grocer Giant anchors the shopping center, which is 98 percent leased to tenants including Santander Bank, IHOP, Supercuts and nutritional product retailer GNC. James Galbally, Chris Munley and Colin Behr of JLL represented the seller, which was undisclosed. KPR, formerly known as Katz Properties, purchased the asset.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialNew YorkNortheast

Reich Brothers Acquires 205,000 SF Industrial Building in Buffalo in Sale-Leaseback

by Taylor Williams

BUFFALO, N.Y. — New York-based investment firm Reich Brothers has acquired a 205,000-square-foot industrial building located directly off Interstate 190 in Buffalo for approximately $10.3 million. Reich Brothers will lease the space back to the seller, Robinson Home Products, a locally based provider of housewares. The property, which also offers proximity to Buffalo Niagra International Airport, features 50-foot clear heights, 12 dock-high doors, 100 parking spaces and an ESFR sprinkler system.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts