SAN ANTONIO — SRS Real Estate Partners has negotiated the sale of Alamo Ranch South, a 15,502-square-foot retail strip center in northwest San Antonio. Built in 2024, the center was fully leased at the time of sale to tenants such as The UPS Store, Five Guys and Club Pilates. Cathy Nabours, Kyle Shaffer and Sam Nichols of SRS represented the seller, a San Antonio-based developer, in the deal. The buyer was an El Paso-based private investor.
DELRAY BEACH, FLA. — A partnership between Delray Beach-based Redfearn Capital and TPG Angelo Gordon’s U.S. Real Estate platform has closed on the refinancing for a 10-property industrial portfolio in Florida. CBRE’s Debt & Structured Finance Team secured the $150 million refinancing through Prospect Ridge. The financing includes an initial $80 million backed by the portfolio and up to $70 million in additional capacity to support future acquisitions. The portfolio is located across seven high-growth Florida markets: Orlando, Clearwater, Pompano Beach, Jacksonville, Naples, Hialeah and Miramar. The properties total 590,895 square feet and were 98.4 percent leased at the time of financing to 19 tenants. Redfearn Capital and TPG Angelo Gordon have acquired 37 industrial assets in Florida spanning approximately 3.2 million square feet since 2021. The 10 properties in the refinanced portfolio were assembled by the partnership from June 2022 through October 2025.
KNIGHTDALE, N.C. — Walker & Dunlop has provided a $50.5 million Freddie Mac loan for the refinancing of Parkstone at Knightdale, a 350-unit apartment community located at 1001 Park Commons Drive in Knightdale, an eastern suburb of Raleigh. Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Sean Reimer and Jackson Irwin of Walker & Dunlop originated the loan on behalf of the borrower, The Widewaters Group Inc. Apprise, Walker & Dunlop’s independent third-party appraisal platform, appraised the transaction. Parkstone at Knightdale features one-, two- and three-bedroom units, as well as a fitness center, resort-style pool, playground, pet wash station, resident storage units and an outdoor lounge with a grilling station.
TAMPA, FLA. — Creative Contractors Inc. has begun the $13.5 million renovation and modernization of Tampa Theatre, a historic cinema in downtown Tampa that opened on Oct. 15, 1926. The Tampa Bay-area general contractor will make audiovisual enhancements to the theater, as well as upgrades across the property’s HVAC, electrical and mechanical systems, including the installation of a new elevator. Other enhancements will include a refreshed concessions area, new bathrooms, a new stage truss system and upgraded theatrical lighting to support live performances and film presentations. The second and third floors of the theater will also be renovated to include new rooms for education and archives. Creative will also bring in a specialty plaster restoration contractor to restore the main Duncan Auditorium to its original grandeur. On the exterior, Creative is refreshing the building’s signage with new paint and enhanced lighting. DLR Group designed the overhaul, which is set to wrap up in time to celebrate the theater’s centennial celebration.
BALTIMORE — Colliers has arranged a 69,408-square-foot office lease at 36 S. Charles St. in downtown Baltimore. Nathan Crowe and Katie Datin of Colliers represented the landlord, Zamir Equities, in the lease transaction. Nick Loiselle of CBRE represented the tenant, the State of Maryland. The state will utilize the space for its Supplemental Retirement Program, the Office of the People’s Counsel and the Public Service Commission. Other State of Maryland agencies that already occupy the property include the Office of Public Defender, the Department of Aging and the Department of Disabilities. The office building features an onsite fitness center, conference center, tenant lounge and 24/7 security.
BOSTON — Mill Creek Residential has broken ground on a $145 million multifamily project in the Allston area of Boston. Modera Allston will have 240 units in studio, one-, two- and three-bedroom floor plans. Residences will be furnished with stainless steel appliances, quartz countertops, tile backsplashes and in-home washers and dryers. Amenities will include a rooftop deck, grilling areas, resident clubhouse, a speakeasy-inspired lounge with a sports simulator, coworking spaces, private workstations and offices, landscaped courtyards, pet spa and a fitness studio. CUBE3 is the project architect, and H+O is the structural engineer. The first move-ins are expected to begin in 2028.
VERONA, N.J. — CBRE has negotiated the $56 million sale of Annin Lofts, a 111-unit apartment complex in Verona, about 20 miles west of New York City. Completed in 2018, Annin Lofts consists of two buildings, one of which was constructed from the ground up, and the other of which is a conversion of the historic Annin Flag Factory. Units come in studio, one-, two- and three-bedroom floor plans. Amenities include two rooftop terraces, a resident lounge with TVs and billiards and a dog run. Jeffrey Dunne, Stuart MacKenzie, Eric Apfel, Travis Langer and Eric Greenberg of CBRE represented the locally based seller, Russo Development, in the transaction and procured the buyer, Bonjour Capital.
HAMBURG, N.Y. — San Francisco-based intermediary Gantry has arranged $48.3 million in acquisition financing across three Fannie Mae loans for a portfolio of four multifamily properties totaling 671 units in Hamburg, located just south of Buffalo. The unnamed properties were all built in the 1970s, and the loans were all structured with fixed interest rates. Tom Grzebinski and Zach Wagner of Gantry structured the deal, which involved one loan cross-collateralizing two adjacent properties that will be managed as one community. Walker & Dunlop provided the debt to an undisclosed borrower.
PARSIPPANY, N.J. — Colliers has brokered the sale of a 107,000-square-foot vacant office building in the Northern New Jersey community of Parsippany. According to LoopNet Inc., the four-story building at 45 Waterview Blvd. was originally constructed in 1997. The building was previously fully leased to DSM Nutritional Products. Jacklene Chesler, Patrick Norris, Samuel Horowitz and Brittany Leventoff of Colliers represented the seller and procured the buyer and end user, both of which requested anonymity, in the transaction.
HAWTHORNE, CALIF., WAIPAHU, HAWAII, AND DENVER — Talonvest Capital has arranged $42.6 million in permanent financing across three self-storage properties on behalf of The William Warren Group. The sponsor is a privately held national real estate investment firm specializing in self-storage development, acquisition and management. The financing includes: