Property Type

MMCC Arranges $6M Loan for Refinancing of Dayton Children’s Behavioral Health Center in Ohio

by Kristin Harlow May 12, 2025

DAYTON, OHIO — Marcus & Millichap Capital Corp. (MMCC) has arranged a $6 million loan for the refinancing of Dayton Children’s Behavioral Health Center, a medical office facility located at 5501 Far Hills Ave. in Dayton. Dan Litman of MMCC arranged the financing with a regional bank on behalf of a local, privately held construction and real estate development company. The nonrecourse loan features a nine-year term, 75 percent loan-to-value ratio, 5.73 percent interest rate and 20-year amortization period. Dayton Children’s is a pediatric acute children’s teaching hospital with locations throughout Ohio. The newly completed facility on Far Hills Avenue offers developmental rehab and speech therapy, imaging and lab work, and pediatric primary care services.

May 12, 2025

Development Midwest Missouri Retail

Brinkmann Constructors Completes Interior Renovation of Rolls-Royce Showroom Near St. Louis

by Kristin Harlow May 12, 2025

CHESTERFIELD, MO. — Brinkmann Constructors has completed a 4,000-square-foot interior renovation of an existing Rolls-Royce automotive showroom in Chesterfield, a western suburb of St. Louis. The project included an interactive atelier room equipped with a kinetic lighting system that synchronizes with sound. Additional elements include a custom Pantheon door and an automatic snow melt system built into the front sidewalk. Brinkmann completed the renovation in partnership with Rolls-Royce and Holman Motorcars. ACI Boland Architects served as the project architect.

May 12, 2025

Leasing Activity Office Texas

Goode Company Restaurants Signs 9,304 SF Office Headquarters Lease in West Houston

by Taylor Williams May 12, 2025

HOUSTON — Goode Company Restaurants has signed a 9,304-square-foot office headquarters lease in West Houston. The operator of local barbeque and Mexican takeout and delivery concepts is taking space at 3555 Timmons Lane, a 230,440-square-foot building located within the Greenway Plaza development. Katy Gragg, John Heard and Eric Anderson of Transwestern represented the landlord, Dallas-based Novel Office, in the lease negotiations. Pollan Hausman Real Estate represented the tenant.

May 12, 2025

Leasing Activity Michigan Midwest Retail

Evexia Wellness Spa Signs 3,603 SF Retail Lease at Country Creek Commons in Metro Detroit

by Kristin Harlow May 12, 2025

OAKLAND TOWNSHIP, MICH. — Evexia Wellness Spa has signed a 3,603-square-foot retail lease to open its second location in Oakland Township, about 32 miles north of Detroit. Evexia will occupy space at the Kroger-anchored Country Creek Commons shopping center, which is located at the northwest corner of Adams and Silverbell roads. Owen Kelly and Michael Murphy of Gerdom Realty & Investment represented the tenant, while Eric Banks of Dominion Real Estate Advisors represented the undisclosed landlord.

May 12, 2025

Delaware Development Life Sciences Northeast Office

QPS to Undertake Office, Life Sciences Expansion Within Delaware Technology Park, Add 135 Jobs

by Taylor Williams May 12, 2025

WILMINGTON, DEL. — Drug development and clinical research company QPS will undertake an office and life sciences expansion project within Delaware Technology Park in Wilmington, an initiative that is valued at roughly $16.6 million and is expected to add about 135 new jobs to the local economy. QPS is already the largest tenant within Delaware Technology Park and currently occupies all of the building at 3 Innovation Way and 90 percent of the building at 1 Innovation Way. The company plans to lease an additional 55,515 square feet of space, including more than 15,000 square feet of lab space, in a new building at 6 Innovation Way. QPS currently employs 336 full-time employees in Delaware.

May 12, 2025

Acquisitions Multifamily New Hampshire Northeast

Stubblebine Co. Arranges $31.5M Sale of Apartment Complex in Hampton, New Hampshire

by Taylor Williams May 12, 2025

HAMPTON, N.H. — Regional brokerage firm The Stubblebine Co. has arranged the $31.5 million sale of Appleton Oaks, a 113-unit apartment complex in Hampton, located near the Maine-New Hampshire border. The two-building complex was constructed in phases between 2004 and 2005. Specific information on floor plans and amenities was not disclosed. David Berman, James Stubblebine, David Stubblebine and Zack Hardy of The Stubblebine Co. represented the undisclosed seller in the transaction and procured the buyer, Seabrook Real Estate Partners.

May 12, 2025

Loans Multifamily Southeast Virginia

Berkadia Secures $129M Refinancing for Amberleigh Apartments in Fairfax, Virginia

by John Nelson May 12, 2025

FAIRFAX, VA. — Berkadia has secured $129 million for the refinancing of Amberleigh Apartments, a 752-unit multifamily community located in the Washington, D.C., suburb of Fairfax. Patrick McGlohn, Brian Gould, Miles Drinkwalter and Natalie Hershey of Berkadia arranged the financing on behalf of the locally based borrower, Redbrick LMD, which comprised a $113.8 million Freddie Mac loan and a $15.6 million preferred equity investment from an undisclosed source. Situated near the Dunn Loring-Merrifield Metro Station and adjacent to Inova Fairfax Hospital, Amberleigh Apartments features one-, two- and three-bedroom floorplans ranging in size from 861 square feet to 1,523 square feet, according to Apartments.com. Amenities at the property include a fitness center, sundeck, courtyard, swimming pool, clubhouse, conference room, playground and outdoor grilling stations and picnic areas.

May 12, 2025

Development Multifamily New Jersey Northeast

Joint Venture Underway on 50-Unit Multifamily Project in Guttenberg, New Jersey

by Taylor Williams May 12, 2025

GUTTENBERG, N.J. — A joint venture between Black Bear Asset Management, Bettina Equities Management and Echevarria Industries is underway on construction of a 50-unit multifamily project in Guttenberg, located across the Hudson River from Manhattan. The site is located at 416 69th St., and the building will rise seven stories and offer amenities such as a rooftop terrace, solarium lounge, fitness center, indoor garage parking with electric vehicle charging stations and a community center with grills and entertainment space. Completion is slated for 2028.

May 12, 2025

Healthcare Loans Massachusetts Northeast

Cushman & Wakefield Arranges Refinancing of 35,000 SF Medical Office Building in Cohasset, Massachusetts

by Taylor Williams May 12, 2025

COHASSET, MASS. — Cushman & Wakefield has arranged a loan of an undisclosed amount for the refinancing of a 35,000-square-foot outpatient medical office building in Cohasset, a southeastern suburb of Boston. The three-story building is known as Cohasset Family Health Center. Tyler Morss of Cushman & Wakefield arranged the loan through an undisclosed bank on behalf of the owner, regional owner-operator Thomas Park Investments.

May 12, 2025

Development Florida Mixed-Use Multifamily Retail Southeast

Starlife Group Launches Vertical Construction for 14-Story Mixed-Use Development in Hollywood, Florida

by John Nelson May 12, 2025

HOLLYWOOD, FLA. — Starlife Group has launched vertical construction on 21 Hollywood, a 14-story mixed-use development located in Hollywood. Designed by Miami-based architect Kobi Karp, the project will feature 200 apartments and 10,000 square feet of ground floor retail space. Starlife Builders, a subsidiary of Starlife Group, serves as 21 Hollywood’s general contractor. The project broke ground in December 2024 and completion is slated for late 2026/early 2027. Amenities at the property will include a business center with 16-foot ceilings, coworking spaces, private conference room and a fitness center with a dedicated yoga and Pilates room. Additional offerings consist of a children’s play area, dog park and dog spa, dual cinemas and an 85-foot infinity pool that serves as the centerpiece of the outdoor space.

May 12, 2025

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