Property Type

28 Austin Street Apartments, a mixed-use development in Newton, Mass.

HFF Secures $30.1M Construction Loan for Mixed-Use Development Near Boston

by Jeff Shaw September 19, 2018

NEWTON, MASS. — HFF has secured a $30.1 million construction loan for the 28 Austin Street Apartments, a mixed-use development in Newton. The property will consist of 68 one- and two-bedroom apartment homes, 5,000 square feet of ground-floor retail space, a new public plaza and a 124-space municipal parking lot. Amenities will include a common roof terrace and garden as well as a private 90-car underground parking garage. HFF worked on behalf of the borrower, a joint venture between Dinosaur Capital Partners and Oaktree Development, to secure financing through Eastern Bank. The project is scheduled for completion in spring 2019.

September 19, 2018

Acquisitions Industrial New Jersey Northeast

Goodman Group Acquires 616,992 SF Logistics Center in Northern New Jersey

by Jeff Shaw September 19, 2018

TETERBORO, N.J. — Goodman Group has acquired a 616,992-square-foot logistics center in Teterboro. The sales price was undisclosed. The property is fully leased to a major e-commerce provider and is located approximately seven miles from Manhattan. It is one of only two Class A logistics centers larger than 400,000 square feet in Northern New Jersey. The seller was undisclosed.

September 19, 2018

Healthcare Illinois Loans Midwest

CBRE Arranges $96M Non-Recourse Acquisition Financing for Medical Office Portfolio in Suburban Chicago

by Kristin Harlow September 19, 2018

CHICAGO — CBRE U.S. Healthcare Capital Markets has arranged a $96 million permanent loan to finance the acquisition of an eight-building medical office portfolio in the Chicago suburbs. The Class A buildings total 490,000 square feet. The 10-year loan features a fixed rate of 1.15 percent over 10-year Treasury. Shane Seitz, James Millon and Thomas Traynor of CBRE served as advisors for the loan transaction. A commercial bank provided the loan. The borrower was not disclosed.

September 19, 2018

Development Hospitality Midwest Minnesota

Noble, Simon Open Homewood Suites by Hilton Hotel in Edina, Minnesota

by Kristin Harlow September 19, 2018

EDINA, MINN. — Noble Investment Group and Simon Property Group have opened a Homewood Suites by Hilton hotel in Edina. The 146-room hotel is located within the Southdale Center mixed-use project. The property features a business center, fitness center, pool, lobby bar and outdoor courtyard. Southdale Center is also home to a luxury apartment development. Shake Shack is slated to open this fall followed by home furnishing retailer RH next year.

September 19, 2018

Acquisitions Illinois Midwest Multifamily

TGM Acquires 347-Unit Apartment Community in Northbrook, Illinois

by Kristin Harlow September 19, 2018

NORTHBROOK, ILL. — TGM has acquired TGM NorthShore, a 347-unit, mid-rise apartment community in suburban Chicago. The purchase price was not disclosed. Constructed in 2016, the property features a mix of one- and two-bedroom units. Luxury amenities include a doorman and concierge service, golf simulator, landscaped courtyards, community room, catering kitchen, dog park and media center. John Jaeger and Dan Cohen of CBRE brokered the sale. The seller was not disclosed.

September 19, 2018

Acquisitions Illinois Midwest Net Lease Retail

Boulder Group Negotiates $12.3M Sale of Property Net Leased to Jewel-Osco in Bourbonnais, Illinois

by Kristin Harlow September 19, 2018

BOURBONNAIS, ILL. — The Boulder Group has negotiated the $12.3 million sale of a single-tenant property net leased to Jewel-Osco in Bourbonnais, about 50 miles south of Chicago. The 62,000-square-foot property is located at 655 Main St. Renovated in 2016, the property features a drive-thru pharmacy. The lease, guaranteed by parent company Albertsons, has 20 years remaining. Randy Blankstein and Jimmy Goodman of Boulder represented both parties in the sale. A private real estate company based in the Southwest was the seller, while an Australia-based investor was the buyer.

September 19, 2018

Acquisitions Midwest Missouri Retail

Pinnacle Brokers $3.2M Sale of Dollar Store Portfolio in Metro St. Louis

by Kristin Harlow September 19, 2018

ST. LOUIS — Pinnacle Real Estate Advisors LLC has brokered the sale of a three-property dollar store portfolio in metro St. Louis for $3.2 million. The portfolio includes a Dollar General store at 7900 Olive St. in University City; a Dollar General store at 10 Fee Fee Road in Maryland Heights; and a Family Dollar store at 9474 Lackland Road in Overland. Zach Wright of Pinnacle’s Edwards | Ethington Team represented the buyer, a Colorado-based investor completing a 1031 tax-deferred exchange. A local real estate company was the seller.

September 19, 2018

Ranch-at-Arrington-College-Station-Texas

Development Multifamily Texas

Lynd, T.R. Inscore to Develop 272-Unit Apartment Project in College Station

by Taylor Williams September 19, 2018

COLLEGE STATION, TEXAS — A partnership between San Antonio-based multifamily management and development firm Lynd and Houston-based T.R. Inscore LLC will develop Ranch at Arrington, a 272-unit multifamily project in College Station. The market-rate property, which will feature one-, two- and three-bedroom units ranging in size from 539 to 1,402 square feet, will be located in close proximity to Texas A&M University. Amenities will include a pool and spa, volleyball court, meeting rooms and a fitness center. Construction is scheduled to begin later this month. Completion is slated for December 2019.

September 19, 2018

Development Multifamily Seniors Housing Texas

Abby Development Begins Work on 217-Unit Seniors Housing Project in Metro Houston

by Taylor Williams September 19, 2018

BAYTOWN, TEXAS — Dallas-based Abby Development has begun work on The Lodge at Pine Creek, a 217-unit seniors housing project in Baytown, an eastern suburb of Houston. The community will offer independent living and memory care services. The 17-acre, resort-style property will feature amenities such as a stocked fishing lake, walking trails, movie theaters, a pool, salon, fitness center, a pharmacy and general store. Completion is slated for the second quarter of 2020.

September 19, 2018

Acquisitions Industrial Texas

Marcus & Millichap Brokers Sale of 112,102 SF Industrial Asset in Metro Dallas

by Taylor Williams September 19, 2018

GARLAND, TEXAS — Marcus & Millichap has brokered the sale of COL-MET, a 112,102-square-foot industrial asset located at 3333 Miller Park S. in Garland, a northeastern suburb of Dallas. The property was built in 1997. Adam Abushagur of Marcus & Millichap represented the seller and procured the buyer in the transaction, both of which were private investors and requested anonymity.

September 19, 2018

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