Property Type

693-749-Channel-Islands-Blvd-Port-Hueneme-CA

Align REI Receives $29.5M in Financing for Oliveira Plaza Retail Center in Port Hueneme, California

by Amy Works September 9, 2025

PORT HUENEME, CALIF. — Align REI has received $29.5 million in financing for Oliveira Plaza, neighborhood retail center in Port Hueneme in Ventura County, Calif. Greg Brown, Spencer Seibring and Nick Englhard of JLL Capital Markets secured the three-year bridge loan with a debt fund. Loan proceeds are being used to reposition a big box space at property for a new Sprouts Farmers Market. Situated on 9.3 acres at 693-749 Channel Islands Blvd., Oliveira Plaza features 116,035 square feet of retail space. Originally built in 1975 and updated over the years, Oliveira Plaza was 80 percent leased to a variety of of tenants, including West Marine Products, Dollar Tree, Bank of America, Panda Express and Carl’s Jr.

September 9, 2025

Acquisitions Retail Washington Western

Curbline Properties, Agree Realty Buy 125,204 SF Lacey Marketplace in Washington

by Amy Works September 9, 2025

LACEY, WASH. — Curbline Properties and Agree Realty have separately acquired portions of Lacey Marketplace, a 125,204-square-foot power shopping center in Lacey. Dino Christophilis and Daniel Tibeau of CBRE represented the undisclosed seller in the deals. Curbline Properties purchased the 31,885-square-foot retail component located at 1350 Marvin Road NE. Current tenants of the fully occupied property include Panera Bread, Mattress Firm, BECU, Verizon, Cutter’s Point Coffee and Panda Express. Agree Realty acquired the 93,319-square-foot big box component located at 1200 Marvin Road NE for $21 million. Boot Barn, La-Z-Boy, Petco, Ross Dress for Less and Ulta Beauty are tenants at the fully occupied component.

September 9, 2025

California Loans Office Western

Gantry Secures $25M Refinancing for Creative Office Building in Palo Alto, California

by Amy Works September 9, 2025

PALO ALTO, CALIF. — Gantry has secured a $25 million loan to refinance maturing debt from the acquisition and renovation of a creative office building located at 250 Cambridge Ave. in Palo Alto. The three-story building offers 38,000 square feet of modern creative office space. The property features open air corridors, a central courtyard and maturing landscape aligned with new building systems throughout and enhanced exterior finishes. Robert Slatt, Murphy Osborne and Joe Foley of Gantry represented the borrower, a private real estate investor. The three-year, fixed-rate loan with 30-year amortization was provided by one of Gantry’s correspondent life company lenders. Gantry will service the loan.

September 9, 2025

Acquisitions California Healthcare Western

CBRE Arranges Sale of 26,596 SF Imperial Medical Plaza in La Mirada, California

by Amy Works September 9, 2025

LA MIRADA, CALIF. — CBRE has arranged the sale of Imperial Medical Plaza, a medical outpatient building located at 15651 Imperial Highway in La Mirada. Ethan Christopher LLC sold the asset to a Los Angeles-based private investor. The two-story, 26,596-square-foot property was 91 percent leased by a variety of medical service providers at the time of sale. Chris Bodnar, Brannan Knott, Mindy Berman, Zack Holderman, Cole Reethof, Jesse Greshin and Chris Manassero of CBRE represented the seller in the deal.

September 9, 2025

Development Illinois Industrial Midwest

Mohr Capital Breaks Ground on 1 MSF Industrial Build-to-Suit in DeKalb, Illinois

by Kristin Harlow September 9, 2025

DEKALB, ILL. — Mohr Capital has acquired 147 acres in DeKalb and broken ground on a 1 million-square-foot, build-to-suit distribution facility for an undisclosed national client. The project has the ability to be expanded to 1.5 million square feet. Located at the northwest corner of Peace Road and Fairview Drive, the facility will serve as a warehouse and distribution hub, supporting the client’s regional operations. Mohr Capital and the tenant have signed a 12-year lease for the building. The project team includes Pepper Construction, Curran Architecture and Willet Hoffman as civil engineer. CBRE’s Chicago-based project management team will oversee the development on behalf of Mohr.

September 9, 2025

Leasing Activity Midwest Minnesota Retail

JLL Negotiates Retail Leases for Six New Tenants at 1.1 MSF Rosedale Center in Metro Minneapolis

by Kristin Harlow September 9, 2025

ROSEVILLE, MINN. — JLL has negotiated retail leases for six new tenants at Rosedale Center, a 1.1 million-square-foot shopping center in Roseville within metro Twin Cities. The leases include Kendra Scott, J.Crew Factory, Johnston & Murphy, Lolli & Pops, Paris Baguette and BRKTHROUGH. Additionally, Dick’s Sporting Goods, Legendary Spice, Boba X and Kukuri recently opened at the center. Holly Rome and Lane Walsh of JLL lead the leasing effort at Rosedale Center and secured the new leases.

September 9, 2025

Development Hospitality Midwest Minnesota

Kraus-Anderson Completes $11.8M Pool, Sauna Haus at Giants Ridge Resort in Northeast Minnesota

by Kristin Harlow September 9, 2025

BIWABIK, MINN. — Kraus-Anderson’s Duluth office has completed construction of the new Pool & Sauna Haus at Giants Ridge in Biwabik, a city in northeast Minnesota. The $11.8 million, 9,700-square-foot facility expands the resort’s amenities. Construction began in July 2024. Designed by RSP Architects, the Pool & Sauna Haus features a pool, hot tub, locker rooms and a fireplace lounge that provides a space to gather after a day on the slopes, trails or golf courses. Outside the building are two standalone saunas. A new community room, available for public rental, offers flexible space for birthday parties, gatherings and events.

September 9, 2025

Acquisitions Illinois Midwest Retail

Marcus & Millichap Brokers $5.6M Sale of Retail Strip Center in Lombard, Illinois

by Kristin Harlow September 9, 2025

LOMBARD, ILL. — Marcus & Millichap has brokered the $5.6 million sale of Highlands of Lombard, a retail strip center totaling 16,223 square feet in the Chicago suburb of Lombard. Built in 2007, the six-suite property is located at 2820 S. Highland Ave. across from Yorktown Center mall. The fully occupied asset features a mix of food, health and service-based tenants. Adrian Mendoza, Sean Sharko and Austin Weisenbeck of Marcus & Millichap represented the seller, a private investor based in the Chicagoland area who had owned the property for more than 17 years. The agents also procured the out-of-state buyer.

September 9, 2025

Acquisitions Illinois Midwest Multifamily

Greenstone Partners Arranges $2.3M Sale of Chicago Apartment Building

by Kristin Harlow September 9, 2025

CHICAGO — Greenstone Partners has arranged the $2.3 million sale of 1151 West Erie Street, a nine-unit multifamily property located at the edge of Chicago’s West Town and Fulton Market neighborhoods. The building went under contract within the first week of marketing. Jordan Multack of Greenstone represented the seller, a Chicago-based private investor group, as well as the buyers, a pair of locally based 1031 exchange investors.

September 9, 2025

InterFace-Seniors-Housing-Southeast-Design-Build-Panel

Conference Coverage Development Features Seniors Housing Southeast

InterFace Panel: Seniors Housing Design Blends Hospitality, Technology for Next Generation of Residents

by Abby Cox September 9, 2025

ATLANTA — As the demand for “age appropriate” living solutions continues to rise, seniors housing real estate is evolving rapidly. Modern developments are moving beyond the scope of previous institutional models that are stuck in the past and accelerating forward into physical environments that promote dignity, independence and community for the next generation of residents. The new wave of seniors housing residents are individuals who often have different expectations, lifestyles and needs compared to previous generations when it comes to their housing options. Whether it is a tech-savvy grandmother or a health-conscious grandfather, each generation of seniors finds aspects of life that they value more than their predecessors. Editor’s note: InterFace Conference Group, a division of France Media Inc., produces networking and educational conferences for commercial real estate executives. To sign up for email announcements about specific events, visit www.interfaceconferencegroup.com/subscribe. Health and wellness is an especially important component of seniors housing developments coming on line, as today’s older adults are living longer, staying more active and placing significance on quality of life. Connie Wittich, founding principal and CEO of Metropolitan Studio, highlighted that people want to live in beautiful places that focus on mental health and wellness, specifically. “We receive a lot of …

September 9, 2025

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