Thursday, November 6, 2025
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DevelopmentIllinoisMidwestMixed-Use

The Habitat Company to Develop $200M Mixed-Use Project in Chicago’s Lawndale Neighborhood

by Kristin Harlow

CHICAGO — The Habitat Company has received approval from the city’s planning commission to develop a $200 million mixed-use project in Chicago’s North Lawndale neighborhood. The Chicago Housing Authority (CHA), Sinai Health System, Cinespace Chicago Film Studios and the city of Chicago are serving as development partners for the 10-acre project. Known as Ogden Commons, the development will offer hundreds of mixed-income rental housing units in addition to approximately 120,000 square feet of retail and commercial space. The project will be situated on the site of the former CHA Lawndale development. Ogden Commons will be developed in multiple phases, with the first phase comprised of 45,000 square feet of commercial space, 15,000 square feet of retail space and a portion of the planned residences. Construction on the commercial space is expected to begin during the second quarter of 2019 with the residential work to follow. The entire development is slated for completion in 2021, at which time Cinespace and Sinai will occupy a significant portion of the commercial space, expanding on their current locations on Ogden Avenue across from the Ogden Commons site.

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AcquisitionsIllinoisMidwestMultifamily

Draper and Kramer Acquires 180-Unit Apartment Community in Schaumburg, Illinois

by Kristin Harlow

SCHAUMBURG, ILL. — Draper and Kramer has acquired North 680, a 180-unit apartment community in Schaumburg, a northwest suburb of Chicago. The purchase price was not disclosed. Draper and Kramer purchased the property as part of a 1031 tax-deferred exchange following the firm’s sale of Fieldpointe of St. Louis, a 318-unit community in suburban St. Louis. Located at 680 E. Algonquin Road, North 680 is comprised of 176 apartment units and four townhomes. Units range from 665 to 1,588 square feet. Amenities include a heated pool, dog park, clubhouse and fitness studio. Draper and Kramer plans to make select renovations to the property over time as needed.

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LoansMichiganMidwestMultifamily

SunTrust Provides $64.1M Refinancing for Manufactured Housing Portfolio in Suburban Detroit

by Kristin Harlow

DETROIT — SunTrust Banks Inc. has provided a $64.1 million loan for the refinancing of a three-property manufactured housing community located north of Detroit. The portfolio includes a total of 1,403 manufactured home sites. Two of the properties were built in the early 1970s and the other was constructed in 1989. Chris San Jose of Yale Realty & Capital Advisors arranged the loan on behalf of the local borrower. The fixed-rate loan features a 10-year term.

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AcquisitionsIllinoisIndustrialMidwest

NKF Arranges Sale of 87,640 SF Manufacturing Facility in Addison, Illinois

by Kristin Harlow

ADDISON, ILL. — Newmark Knight Frank (NKF) has arranged the sale of an 87,640-square-foot manufacturing facility in Addison, about 20 miles west of Chicago. Bridge Development Partners purchased the asset for an undisclosed price. Built in 2008, the building features 62,640 square feet of warehouse space and 25,000 square feet of office space. The facility includes three interior docks, one drive-in door and 128 car parking spaces. The property is situated on 4.6 acres at 133 N. Swift Road. Corey Chase and David Stremler of NKF represented the seller, a private investor. Chase also negotiated a lease renewal on behalf of the tenant, Associated Material Handling Industries Inc.

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AcquisitionsMichiganMidwestOffice

NAI Wisinski Brokers Sale of 18,600 SF Office Building in Kalamazoo, Michigan

by Kristin Harlow

KALAMAZOOO, MICH. — NAI Wisinski of West Michigan has brokered the sale of an 18,600-square-foot office building in Kalamazoo for an undisclosed price. ABTZ Properties purchased the property and Braintrust Behavioral Health LLC will occupy the majority of the space. The building, located at 5942 Stadium Drive, will house Braintrust’s administrative and clinical staff offices as well as an autism center. The company is an independent healthcare provider focused on supporting children, families and adults with behavioral change.Kara Schroer of NAI Wisinski represented ABTZ Properties in the sale. Chip Hurley of Signature Associates and Noah Davey of NAI Cressy represented the undisclosed seller. NAI Wisinski has been retained as leasing agent for the approximately 3,000 square feet of remaining space.

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Willow-Creek-San-Jose-CA
AcquisitionsCaliforniaMultifamilyWestern

Decron Properties Buys 208-Unit Multifamily Community in San Jose for $84.6M

by Amy Works

SAN JOSE, CALIF. — Decron Properties has acquired Willow Creek, a multifamily property located at 935 Willowleaf Drive in San Jose. An undisclosed seller sold the property for $84.6 million. Built in 1985, Willow Creek features 208 apartments in a mix of one- and two-bedroom floor plans. All units include full-size washers and dryers, central heating and air conditioning, walk-in closets, patios or balconies, and enclosed garages or covered parking. Community amenities include two resort-style pools and spas with poolside Wi-Fi access, a health and fitness center, a lighted tennis court, a children’s play area and landscaped courtyards. Salvatore Saglimbeni, Stanford Jones and Philip Saglimbeni of Institutional Property Advisors’ Palo Alto, Calif., office represented the seller in the transaction.

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3250-Business-Park-Vista-CA
AcquisitionsCaliforniaIndustrialWestern

BLT Enterprises Acquires 221,660 SF Manufacturing Facility in North San Diego for $31.1M

by Amy Works

VISTA, CALIF. — BLT Enterprises has purchased a corporate headquarters-quality industrial manufacturing and warehousing facility located at 3250 Business Park in Vista, a suburb northwest of San Diego. DENSO Wireless Systems America sold the property for $31.1 million in the sale-leaseback transaction. Built in 1997 by DENSO, the 221,660-square-foot facility is fully leased by the company, a supplier of advanced automotive technology, systems and components. The property features 28-foot to 30-foot clear heights, 12,000 amps of power and a backup generator system. Additionally, the property features sculptured concrete, reflective glass, a stylish canopy entry and a two-story glass-clad lobby. Situated on 16 acres, the asset also includes a yard and vehicle parking area, as well as a 3.7-acre parcel that is currently unpaved, offering the opportunity for future development. Rob Jacobsen of SD Realty Partners represented the buyer, while Aric Starck of Cushman & Wakefield represented the seller in the deal.

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Jordan-Downs-Plaza-Los-Angeles
CaliforniaDevelopmentMixed-UseOfficeRestaurantRetailWestern

Primestor Development Starts Construction of $48M Mixed-Use Development in Los Angeles

by Amy Works

LOS ANGELES — Nadel Architects has announced that construction is underway on Jordan Downs Plaza, a $48 million mixed-use development in Los Angeles. Designed for Primestor Development, the overall $5 billion project will bring 115,000 square feet of retail and dining space to the Watts neighborhood of Los Angeles. Slated for completion in summer 2019, Jordan Downs Plaza will feature an open-air shopping and dining space, as well as a full-service supermarket, financial institutions, a fitness center, sit-down restaurants, cafés and a variety of local and national retailers. The revitalization project is situated on 10 acres and will be a “community living room” gathering-style plaza for the 34,000 area residents. The Nadel Architect team includes Greg Lyon, David Anderson, Keith Martinez and Andrew Wolff.

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Monaco-Apts-Salt-Lake-City-UT
AcquisitionsMultifamilyUtahWestern

Gelt Sells 247-Unit Monaco Apartments in Salt Lake City to Bridge Investment Group

by Amy Works

SALT LAKE CITY — Los Angeles-based Gelt Inc. has completed the sale of Monaco Apartments, a multifamily property located at 4115 S. 430 East in Salt Lake City. Bridge Investment Group acquired the property for an undisclosed price. Built in two phases in 1973 and 1978, the property is situated on 10.5 acres and features 23 three-story buildings offering 247 units in a mix of one- and two-bedroom layouts. Units features stainless steel appliances, walk-in closets and private balconies/patios. Additionally, select units offer fireplaces and washers/dryers. On-site amenities include a sport court and dog park, leasing office, clubhouse and fitness center. Gelt acquired the property in 2014 and made significant improvements to the asset, including rebranding the property with a new name and signage. Danny Shin and Brock Zylstra of Marcus & Millichap represented the buyer and seller in the deal.

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AcquisitionsMixed-UseOfficeOregonRetailWestern

Compass Commercial Brokers $6.1M Sale of Mixed-Use Complex in Bend, Oregon

by Amy Works

BEND, ORE. — Compass Commercial Real Estate Services has arranged the sale of Deschutes Business Center, located at 20332-20370 Empire Ave. in Bend. An undisclosed buyer acquired the property for $6.1 million. Situated on 5.5 acres, the asset features 54,508 square feet of mixed-use space. Robert Raimondi, Russell Huntamer and Paul Weaver of Compass Commercial Real Estate, along with John Keba of Compass Commercial Asset & Property Management, represented the undisclosed seller. Weaver, Gardner Williams and Peter May of Compass Commercial represented the buyer.

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