Sunday, June 22, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Property Type

AcquisitionsFloridaRetailSoutheast

Marcus & Millichap Negotiates $6M Sale of Retail Center in Orlando

by John Nelson

ORLANDO, FLA. — Marcus & Millichap has negotiated the $6 million sale of Orange Avenue Plaza, a retail center located in Orlando’s Ivanhoe Village. Situated near Orlando’s downtown business district, the property comprises seven units leased to tenants including White Wolf Café; Fluent, a cannabis dispensary; Miscellaneous Market, a local boutique shop; Better Than Sex, a dessert eatery; the Savoy Orlando nightclub; El Cigarro smoke shop; and Rare Earth gift shop. Tarek Chbeir of Marcus & Millichap represented the undisclosed, privately held seller in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
St.-Regis-Longboat-Key-Resort-&-Residences
DevelopmentFloridaHospitalityMultifamilySoutheastTop Stories

Unicorp National Developments Completes $376M Hotel Resort, Residences Near Sarasota, Florida

by Taylor Williams

LONGBOAT KEY, FLA. — Unicorp National Developments Inc. has completed the St. Regis Longboat Key Resort & Residences, a 1.1 million-square-foot project located on a barrier island near the southwestern Florida beach city of Sarasota. The project carried a total price tag of $376 million. The 18-acre resort and residential complex consists of five six-story buildings. The hotel houses 168 guestrooms, including 26 luxury oceanfront suites that offer one- to four-bedroom options. Each suite features separate living rooms, private terraces and butler service. Additionally, the property includes 69 for-sale condo residences. Resort amenities include an 800-foot private beach and 42 water features, including a winding river and a 500,000-gallon saltwater lagoon where guests can swim with tropical fish and interact with the resident giant tortoises. The St. Regis Spa spans 20,000 square feet and features a eucalyptus steam room, a snow shower and hot and cold plunge pools. Additional amenities include a fitness center and a children’s club. The St. Regis also offers 10 indoor and outdoor meeting/event spaces totaling 36,285 square feet, with one ballroom capable of accommodating up to 600 people in a theater-style setting. The food-and-beverage component entails seven different bar and restaurant concepts. Moss Construction served …

Continue Reading
FacebookTwitterLinkedinEmail
Prado-Santa-Clara-CA
CaliforniaMarket ReportsMultifamilyWesternWestern Market Reports

Shifting Generations Redefine the Bay Area’s Multifamily Market

by Jeff Shaw

— By Rachel Ivers, senior analyst, multifamily investment sales team, and Bryan Danforth and Matt Thomson, senior vice presidents, Compass Commercial — The multifamily investment sales market in the San Francisco Bay Area is undergoing a noticeable transformation that’s driven by economic pressures and evolving investor strategies. Unlike in previous years — where sellers might list properties to capitalize on market highs or interest rate lows — the current environment is seeing fewer sales motivated by profit.  Many sellers today are cashing out due to expiring fixed interest rates or selling for personal reasons rather than purely financial motivations. This includes circumstances such as inheritance, divorce or retirement. With the Baby Boomer generation, currently aged 60 to 78 and reaching retirement age in larger numbers, we’re beginning to see the front end of significant changes in property ownership. This demographic shift is likely to drive a substantial increase in inheritance sales in the near future as life expectancy hovers around 77.5 years.  A significant factor driving this shift is the belief among many investors that the market has peaked. Concerns about stricter rent control measures, which continue to appear on ballots, are prompting these investors to seek opportunities elsewhere. Markets …

Continue Reading
FacebookTwitterLinkedinEmail
Parkway-Office-Center-Dallas
AcquisitionsDevelopmentOfficeTexas

Partnership Buys Two North Dallas Office Buildings Totaling 230,000 SF, Plans Renovations

by Taylor Williams

DALLAS — A partnership between locally based oil and gas company Gulf Coast Western and regional investment firm Enverra Real Estate Partners has purchased Parkway Office Center North and South in North Dallas. The two nine-story buildings total 230,000 square feet. JLL represented the seller, Principal Financial, the property’s previous lender that sold its interest in the loan, in the transaction. As part of the purchase, the partnership acquired the loan and foreclosed on the previous borrower. Gulf Coast Western has been the a tenant at the property for the past 12 years, and the partnership plans to undertake capital improvements. Renovations will include façade upgrades; garage and landscaping enhancements; construction of 38,000 square feet of spec suites; facelifts to lobbies, cafés and common areas; and the addition of amenities such as a fitness center, lounge, conference room and a golf simulator.

Continue Reading
FacebookTwitterLinkedinEmail
L-Seven-San-Francisco-CA
AcquisitionsCaliforniaMultifamilyWestern

Waterton Buys 410-Unit L Seven Apartment Property in San Francisco

by Amy Works

SAN FRANCISCO — Chicago-based Waterton has expanded its presence in San Francisco with the acquisition of L Seven, a multifamily community at 1222 Hamilton St. in the city’s SoMa neighborhood. Terms of the transaction and the seller were not released, though many media outlets have reported that the previous owner was Brookfield Properties. Built in 2017, L Seven offers 410 studio, one- and two-bedroom apartments, as well as two-story townhomes and loft-like penthouse residences. Apartments feature modern finishes, and, in select residences, floor-to-ceiling windows, private balconies, in-unit washers/dryers and direct-access garages. The community offers 31,000 square feet of ground-floor commercial space, a rooftop amenity deck with a beer garden, grilling stations and a fire pit. L Seven also features a resident lounge and coworking space that Waterton will upgrade with various nooks and areas for increased privacy for remote workers. Additionally, Waterton will institute a light value-add program focused on enhancing underutilized amenity spaces while prolonging the life of the asset.

Continue Reading
FacebookTwitterLinkedinEmail
Affordable HousingDevelopmentLoansMultifamilySeniors HousingTexas

NHH Underway on 120-Unit Affordable Seniors Housing Project in Metro Houston

by Taylor Williams

MAGNOLIA, TEXAS — New Hope Housing (NHH), a nonprofit affordable and workforce housing owner-operator, is underway on construction of a 120-unit affordable seniors housing project that will be located in the northwestern Houston suburb of Magnolia. The site at 7520 Avenue C spans 3.5 acres, and the development will house 90 one-bedroom units and 30 two-bedroom units. Of those, 19 units will be reserved for households earning 30 percent or less of the area median income (AMI); 44 units will be made available to seniors earning 50 percent or less of AMI; and 57 units will be earmarked for renters earning 60 percent or less of AMI. Amegy Bank provided $20 million in construction financing for the project, which is expected to be complete in 2026.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialTexas

Alterra IOS Acquires Five-Acre Site in Pasadena, Texas

by Taylor Williams

PASADENA, TEXAS — Alterra IOS has acquired a five-acre industrial outdoor storage site in the eastern Houston suburb of Pasadena. The site at 5100 Underwood Road currently houses 57,500 square feet of warehouse space and was acquired off-market via a sale-leaseback with the seller and tenant, an undisclosed national industrial chemical cleaning company. The sale-leaseback agreement spans 10 years and also includes two other properties.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsRetailTexas

STRIVE Arranges Sale of 10,157 SF Retail Strip Center in Princeton, Texas

by Taylor Williams

PRINCETON, TEXAS — Dallas-based brokerage firm STRIVE has arranged the sale of Victory Shops at Princeton, a 10,157-square-foot retail strip center located northeast of Dallas. The center was fully leased at the time of sale to tenants such as Dunkin’ and Jersey Mike’s. Hudson Lambert and Jennifer Pierson of STRIVE represented the seller, a local developer, in the transaction and procured the out-of-state buyer.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityOfficeTexas

DART Signs 4,146 SF Office Lease in North Dallas

by Taylor Williams

DALLAS — Public transportation operator Dallas Area Rapid Transit (DART) has signed a 10-year, 4,146-square-foot office lease at Knoll Trail Crossing, a 96,509-square-foot building in North Dallas. The building underwent renovations in 2022 and now includes move-in ready spec suites, a modernized lobby, tenant lounge and an updated conference center. JLL represented the landlord, Prescott Group, in the lease negotiations.

Continue Reading
FacebookTwitterLinkedinEmail
Delo-Apts-Louisville-CO
AcquisitionsColoradoMultifamilyWestern

Pinnacle Brokers $42M Sale of Multifamily Community in Louisville, Colorado

by Amy Works

LOUISVILLE, COLO. — Pinnacle Real Estate Advisors has arranged the $42 million sale of Delo Apartments, a multifamily property located at 1140 Cannon St. in Louisville. Situated roughly 21 miles north of Denver and nine miles east of Boulder, Delo Apartments offers 130 apartments. Michael Krebsbach and Kenny Clarke of Pinnacle represented the buyer and seller in the off-market transaction. Both parties requested anonymity.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts