Property Type

JLL Arranges $255M Loan for Refinancing of High-Rise Apartment Building in Jersey City

by Abby Cox August 1, 2025

JERSEY CITY, N.J. — JLL has arranged a $255 million loan for the refinancing of Journal Squared III, a newly constructed, 58-story multifamily apartment building in the Journal Square neighborhood of Jersey City. The borrower was a joint venture between Kushner Real Estate Group (KRE) and National Real Estate Advisors. Located at 595 Pavonia Ave., adjacent to the Journal Square PATH station, Journal Squared III is the third and final tower in the $900 million Journal Squared mixed-use development, which has a combined 2.3 million square feet and 1,840 residential units, according to Wikipedia. A decade in the making, construction of Phase I of Journal Squared began in 2014. Journal Squared II, which rises 68 stories and houses 538 units, opened in summer 2021. Construction of Journal Squared III topped out in May 2023. Completed in 2024, Journal Squared III features 598 luxury apartment units with a mix of studio, one-, two- and three-bedroom floor plans averaging 719 square feet. The development also offers 100,000 square feet of amenity space across the three buildings, such as a boxing ring, multiple fitness centers, recording studio, theater and a variety of coworking spaces and resident lounges that serve as an extension of …

August 1, 2025

Acquisitions Development Multifamily Texas

Platte Canyon Capital Buys 268-Unit Allure Apartments in San Antonio, Plans $4.7M Renovation

by Taylor Williams July 31, 2025

SAN ANTONIO — Denver-based investment firm Platte Canyon Capital has purchased Allure Apartments, a 268-unit multifamily complex in San Antonio. The property was developed in phases on an 11.5-acre site on the city’s west side, with the first 116 units constructed in 1984 and another 152 delivered in 2017. Units come in one-, two- and three-bedroom floor plans. Amenities include a pool, fitness center, clubhouse, playground and grilling areas. Platte Canyon acquired Allure Apartments in partnership with an unnamed, Los Angeles-based institutional investment company in an off-market transaction. The new ownership plans to invest about $4.7 million in capital improvements to the property.

July 31, 2025

Acquisitions Retail Texas

Marcus & Millichap Brokers Sale of 39,618 SF Shopping Center in Carrollton, Texas

by Taylor Williams July 31, 2025

CARROLLTON, TEXAS — Marcus & Millichap has brokered the sale of Keller Springs Village, a 39,618-square-foot shopping center located in the northern Dallas metro of Carrollton. The 17-suite center sits on a 3.2-acre site at 2155 Marsh Lane and was fully leased at the time of sale to a mix of service-oriented tenants. Philip Levy of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

July 31, 2025

Industrial Leasing Activity Texas

Fashion Wheels Signs 33,376 SF Industrial Lease Renewal in Northwest Houston

by Taylor Williams July 31, 2025

HOUSTON — Fashion Wheels Inc. has signed a 33,376-square-foot industrial lease renewal in northwest Houston. The apparel wholesaler will remain a tenant at the building at 7108 Old Katy Road, which according to LoopNet Inc. was originally constructed in 1999 and totals 192,960 square feet. Chase McAteer of local brokerage firm Oxford Partners represented the tenant in the lease negotiations. Faron Wiley of CBRE represented the landlord, PGIM Real Estate.

July 31, 2025

Development Georgia Southeast Student Housing

Carter, Front Street Break Ground on 521-Bed Student Housing Development Near Wake Forest University

by John Nelson July 31, 2025

WINSTON-SALEM, N.C. — A joint venture between Carter and Front Street Capital has broken ground on Creekside at The Grounds, a 521-bed student housing development located near the Wake Forest University campus in Winston-Salem. The community will be part of Phase I of The Grounds, a 100-acre mixed-use project under development by the partnership. The $215 million first phase of construction is also set to include an office building and a retail village. Creekside at the Grounds will offer 229 fully furnished units with bed-to-bath parity. The community will also feature a clubhouse with study rooms and a fitness center, as well as an outdoor swimming pool, kitchen and entertainment area. The project is scheduled for completion in fall 2027. The design-build team includes The Preston Partnership (architect), Brasfield & Gorrie (general contractor) and Stimmel Associates (engineer of record). Carter and Front Street Capital’s financial partners on Creekside are Kayne Anderson Real Estate and Truist Financial Corp.

July 31, 2025

Acquisitions Florida Industrial Southeast

NAI Miami | Fort Lauderdale Brokers $52.9M Sale of New Industrial Facility in Hialeah, Florida

by John Nelson July 31, 2025

HIALEAH, FLA. — NAI Miami | Fort Lauderdale has brokered the $52.9 million sale of Countyline East Logistics Center, an industrial facility located at 16300 N.W. 97th Ave. in Hialeah, a suburb of Miami. An undisclosed buyer, which plans to fully occupy the 171,178-square-foot property, purchased the asset from the developer, a partnership between East Capital Partners and VLIETCO Enterprises. Countyline East was delivered earlier this year and features a fully secured truck court, approximately 6,000 square feet of office space and 36 clear heights. The design-build team for the facility included Miller Construction, Langan Engineering and Arcadis Architects. Gabriel Garcia-Menocal of NAI Miami | Fort Lauderdale represented the buyer in the transaction, and Devin White, David Albert and Mateo Coman of CBRE represented the seller.

July 31, 2025

Development Georgia Seniors Housing Southeast

ASC Begins Construction on 377-Unit Seniors Housing Community in Athens, Georgia

by John Nelson July 31, 2025

ATHENS, GA. — Active Senior Concepts (ASC) has broken ground on Celebration Village Athens, a new senior living community in Athens, roughly 80 miles northeast of Atlanta and home of the University of Georgia. Upon completion, the development will total 377 units, with 96 bungalows, 20 independent living cottages, 70 independent living villas, 96 concierge living apartments, 66 assisted living apartments and 29 memory care suites. Celebration Village Athens will also feature a 30,000-square-foot Celebration Club and 4,000-square-foot spa and wellness center. Other amenities will include pickleball and bocce ball facilities, pavilions with grill stations, fire pits, a putting green, walking paths, community gardens and a private lake, as well as onsite wellness programs, chef-prepared meals and a social calendar. The first phase of the project, which will comprise three-bedroom bungalows, is scheduled for completion in 2026. This marks the fifth Celebration Village community in Georgia, with existing properties located in Peachtree City, Snellville, Forsyth and Acworth.

July 31, 2025

Loans Seniors Housing Southeast West Virginia

BWE Provides $37M Agency Loan for Seniors Housing Community in Charleston, West Virginia

by John Nelson July 31, 2025

CHARLESTON, W.VA. — BWE has provided a $37 million Fannie Mae loan for Harmony at Southridge, a seniors housing community in Charleston that is operated by Harmony Senior Services. Ryan Stoll and Taylor Mokris of BWE originated the 10-year loan on behalf of the borrower, Smith-Packett, Wessex Capital. The loan features five years of interest-only payments and a fixed interest rate. Built in 2020, Harmony at Southridge features independent living, assisted living and secured memory care units, as well as chef-prepared dining options, a therapy gym, movie theater, beauty salon, library and concierge services. The borrower converted 12 independent living units to assisted living in late 2024, according to BWE.

July 31, 2025

Acquisitions Florida Office Southeast

Native Realty Negotiates $5M Sale of Office Building in Fort Lauderdale

by John Nelson July 31, 2025

FORT LAUDERDALE, FLA. — Native Realty has negotiated the $5 million sale of a 7,541-square-foot office building located at 201 SE 12th St. in Fort Lauderdale. The buyer, a locally based law firm doing business in the transaction as BJO of Fort Lauderdale LLC, plans to occupy the property. Jaime Sturgis and Kaley Tuning of Native Realty represented the seller, an entity doing business as Davie Blvd Office LLC, in the off-market transaction. Completed in 2018, the office building features large windows and surface parking options for tenants.

July 31, 2025

Leasing Activity Retail Texas

Barnes & Noble to Open 20,000 SF Store at Southpark Meadows in South Austin

by Taylor Williams July 31, 2025

AUSTIN, TEXAS — Barnes & Noble will open an approximately 20,000-square-foot store at Southpark Meadows, a regional power center located along I-35 in South Austin. The book retailer is backfilling a space previously occupied by Office Max with one of its smaller-format stores. Charlotte-based Big V Property Group owns Southpark Meadows, which is also home to tenants such as Walmart, Target, PetSmart, Ulta Beauty, Old Navy, J.C. Penney and Marshalls. A tentative opening date was not disclosed.

July 31, 2025

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