Property Type

Marcus & Millichap Brokers Sale of Seven-Building Memory Care Campus in San Diego County

by Amy Works July 21, 2026

SAN DIEGO COUNTY, CALIF. — Marcus & Millichap has brokered the sale of a seven-building memory care campus in San Diego County. Developed in 2002, the property contains more than 55 units licensed for over 85 residents. The community was operating with negative net operating income (NOI) at the time of sale. Nick Stahler, Justin Knapp, Michael Mooney and Hap Knowles of Marcus & Millichap’s Knapp-Stahler Group arranged the transaction. An undisclosed, all-cash buyer acquired the community from a publicly traded REIT for roughly $170,000 per unit.

July 21, 2026

Loans New York Northeast Office Top Stories

Walker & Dunlop Arranges $228.9M Loan for Refinancing of The Textile Building in Midtown Manhattan

by Matthew Auchincloss July 21, 2026

NEW YORK CITY — Walker & Dunlop has arranged a $228.9 million loan for the refinancing of the Textile Building, a 19-story, 707,181-square-foot office building located at 295 Fifth Ave. in the Midtown South submarket of Manhattan. Dustin Stolly, Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Sean Reimer, Michael Brown, Christopher de Raet and Jack Krentzman of Walker & Dunlop Capital Markets Institutional Advisory arranged the financing on behalf of the owners, a joint venture between PGIM, Tribeca Investment Group and Meadow Partners. A joint venture between Rialto Capital Management LLC and Hines provided the floating-rate, interest-only bridge loan. The Textile Building is more than 100 years old and was originally the heart of New York City’s textile district. In 2019, the building was purchased by the joint venture of PGIM, Tribeca Investment Group and Meadow Partners, which then invested approximately $350 million to convert it into an office building. The redevelopment included adding new 40,000-square-foot flexible floor plates, renovating the lobby, inserting an additional five elevators while modernizing the existing 10, placing a two-story penthouse on top of the original 17 stories and integrating amenities such as a coffee bar, fitness center and bike parking. The Textile Building reopened in 2023 and has since …

July 21, 2026

Speakers at the build-to-rent panel at InterFace Carolinas Multifamily included, from left, Louis Smart of CBRE (moderator); Ed Oprindick of Mandrake; Lisa Taylor of Greystar; Eric Friedman of Crescent Communities; and Andy Lucas of Beauxwright.

Build-to-Rent Conference Coverage Development Features Multifamily Single-Family Rental

InterFace: Build-to-Rent Developers Navigate Uncertainty Stemming from ROAD to Housing Law, Picky Renters

by Matthew Auchincloss July 21, 2026

By Matthew Auchincloss CHARLOTTE, N.C. — The multifamily build-to-rent (BTR) market in the Carolinas is the most competitive it’s ever been. According to Louis Smart, senior vice president at CBRE, more than 22,000 townhomes and single-family rental (SFR) units were delivered in the Carolinas over the past three years, and developers are jostling for position to handle it. “We’re reacting as probably most of our peers are reacting: scratching and clawing through lease-up, being as creative as we can, spending money that we really don’t want to spend from a marketing and advertising perspective trying to differentiate the product as much as possible, leaning into the fact that we believe we’ve picked good locations,” adds Andy Lucas, principal at Beauxwright. Lucas was a speaker on a panel titled, “Build-to-Rent in the Carolinas: Headwinds, Tailwinds and What Comes Next?” The panel was part of the lineup at InterFace Carolinas Multifamily, an information and networking conference that took place on May 21 at the Hilton Charlotte Uptown. Smart was the panel moderator. 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. Other panelists included Eric …

July 21, 2026

Acquisitions Industrial Texas

Provident Industrial Buys 1.5 MSF Industrial Park in Hutchins, Texas

by Taylor Williams July 20, 2026

HUTCHINS, TEXAS — Provident Industrial, a division of Dallas-based investment firm Provident, has purchased Commerce 45, a two-building, 1.5 million-square-foot industrial park in Hutchins, a southeastern suburb of Dallas. The park was constructed on 81 acres in 2015, and the buildings feature 32-foot clear heights, 185-foot truck court depths and parking for 102 cars and 290 trailers. The seller and sales price were not disclosed, but Commerce 45 is listed on the website of New York-based Brookfield Properties.

July 20, 2026

Acquisitions Loans Multifamily Texas

JLL Arranges $40.9M Acquisition Loan for Irving Apartment Complex

by Taylor Williams July 20, 2026

IRVING, TEXAS — JLL has arranged a $40.9 million acquisition loan for Allura Las Colinas, a 288-unit apartment complex in Irving. Built in 2003, the property features one-, two- and three-bedroom units and amenities such as a pool, fitness center, clubhouse, dog park and outdoor grilling and dining stations. Aldon Cole, Tony Nargi, Jacob Martin and Caden Cramer of JLL arranged the nonrecourse, fixed-rate loan through an undisclosed life insurance company on behalf of the borrower, Brixton Capital. Greg Toro and Caroline Novak, also with JLL, represented the undisclosed seller in the sale of the property.

July 20, 2026

Acquisitions Industrial Texas

Koontz Corp. Sells Two San Antonio Industrial Buildings Totaling 187,200 SF

by Taylor Williams July 20, 2026

SAN ANTONIO — Local developer Koontz Corp. has sold two industrial buildings totaling 187,200 square feet in San Antonio. Built on 17 acres in 2023, the rear-load buildings comprise Phase I of Westport Industrial Park, a 374,400-square-foot development on the city’s northwest side. The buyer was Nuveen Real Estate. JLL brokered the sale. At the time of sale, the buildings were 79 percent leased on average to tenants such as Primo Brands, Farsound Aviation, Southern Glazer’s Wine & Spirits and office furniture company Texas Wilson.

July 20, 2026

Acquisitions Industrial Texas

Partners Brokers Sale of 43,000 SF Industrial Building in La Marque, Texas

by Taylor Williams July 20, 2026

LA MARQUE, TEXAS —Partners Real Estate has brokered the sale of a 43,000-square-foot industrial building in La Marque, a southeastern suburb of Houston. According to LoopNet Inc., the single-tenant building at 4725 Lawndale St. was constructed in 1978 and features 20-foot clear heights. Wyatt Huff of Partners represented the seller in the transaction, and Hunter Stockard, also with Partners, represented the buyer. Both parties requested anonymity.

July 20, 2026

Affordable Housing California Development Multifamily Seniors Housing Western

Wellpointe to Develop $2B Affordable Seniors Housing Campus in Los Angeles

by Amy Works July 20, 2026

LOS ANGELES — Wellpointe has announced plans for the development of a new affordable seniors housing campus within the Warner Center master-planned district in Los Angeles. Wellpointe estimates a total investment of $2 billion in the project, which will be developed in four phases. A property-holding affiliate of Wellpointe acquired the 4.7-acre development site late last year from Parkview Financial. Upon completion, Viva L.A. Warner Center will comprise four high-rise towers ranging from 34 to 42 stories. The 2.2 million-square-foot development will total 3,192 units and include 61,450 square feet of non-residential space. “Viva represents our conviction that affordable housing, paired with assisted living services as needed, can be delivered at the scale and density that California’s aging population in core urban centers actually needs,” says George Kutnerian, co-founder and CEO of Wellpointe. “Despite the overwhelming need for a new model, senior living continues to be built out rather than up — even in dense urban areas — and quality is treated as incompatible with affordability. Viva rejects that premise and builds upon Wellpointe’s mission of democratizing access to quality housing and care for older adults — now through transit-oriented, high-density, community-serving urban social infrastructure.” Gensler is designing the project. The firm …

July 20, 2026

Development Office Southeast Virginia

CoStar Opens $460M Expanded Office Campus in Downtown Richmond

by Abby Cox July 20, 2026

RICHMOND, VA. — CoStar Group has opened Foundry Park, its newly expanded, $460 million corporate office campus located along the James River in downtown Richmond. The expansion added 750,000 square feet of office and retail space to the riverfront. The now 1 million-square-foot, three-building campus integrates a 26-story office tower, an entry pavilion and a six-story, multi-functional building with a food hall, collaborative workspaces, fitness and wellness amenities and LEED Platinum certification. In addition, the property features approximately three acres of landscaped open space, 50,000 square feet of rooftop terraces and a new riverfront-facing outdoor amphitheater that connects the workplace to the river and the surrounding community. Foundry Park is designed to accommodate more than 3,000 employees working in software development, research, marketing, sales and operations. The project team included Cushman & Wakefield (development manager), Kendall/Heaton Associates (architect of record), Whiting-Turner (general contractor) and Pickard Chilton (design architect).

July 20, 2026

Florida Loans Southeast Student Housing

JLL Secures $176.6M Construction Loan for Student Housing Development Near University of Central Florida

by Abby Cox July 20, 2026

ORLANDO, FLA. — JLL Capital Markets has secured a $176.6 million construction loan for The Place at Alafaya, a 1,395-bed student housing development located at 11600 MacKay Blvd. near the University of Central Florida (UCF) campus in Orlando. Mona Carlton, Elliott Throne, Joshua Odessky, Michael Romero, JJ Hovenden and Luke Maganas of JLL secured the financing on behalf of the borrower, Beachwold Residential. Upon completion, The Place at Alafaya will offer 484 units with bed-to-bath parity across three four-story buildings. The property will also feature a standalone, three-story clubhouse spanning 16,000 square feet. Amenities will include a resort-style swimming pool; fitness center with a cold plunge and sauna; private study rooms; pickleball and basketball courts; and a game lounge. A timeline for the development was not released.

July 20, 2026

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