Saturday, February 7, 2026
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CaliforniaHospitalityWestern

KASHL Corp. Buys Radisson Hotel San Diego-Rancho Bernardo

by Nellie Day

SAN DIEGO — KASHL Corp. has purchased the 178-unit Radisson Hotel San Diego-Rancho Bernardo in the San Diego submarket of Rancho Bernardo for an undisclosed sum. The hotel is located at 11520 W. Bernardo Court. The Radisson opened in 1989. It features about 4,000 square feet of meeting space, an outdoor pool in an interior courtyard, and C3 Restaurant and Bar. RAR Hospitality will manage the hotel. KASHL represented itself in the transaction, while CBRE Hotels represented the seller, an affiliate of Pinnacle Hotels USA Inc.

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Richland-Marketplace-Quakertown-PA
NortheastPennsylvaniaRetail

Katz Properties Acquires 266,565 SF Retail Property in Quakertown, Pennsylvania, for $47.2M

by Amy Works

QUAKERTOWN, PA. — Katz Properties has purchased Richland Marketplace, a shopping center located on 36.9 acres on Route 309 in Quakertown. An undisclosed seller sold the property, which was built in 2008, for $47.2 million. Aldi, Best Buy and BJ’s Warehouse anchor the 266,565-square-foot retail center. At the time of acquisition, the property was 90 percent occupied. Additional tenants include Petsmart, Five Below, Mattress Firm, Ulta, Red Robin, Chick-fil-A, WaWa and BB&T Bank. Chris Munley of HFF represented the buyer and seller in the deal. Katz Properties will provide leasing and property management services for the retail center.

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MCCIII-Parsippany-NJ
New JerseyNortheastOffice

Cushman & Wakefield Brokers Sale of 541,466 SF Office Property in Parsippany, New Jersey

by Amy Works

PARSIPPANY, N.J. — Cushman & Wakefield has arranged the sale of Morris Corporate Center III (MCCIII), an office property in Parsippany. P3 Properties acquired the 541,466-square-foot Class A asset from institutional investors advised by J.P. Morgan Asset Management for an undisclosed price. The property includes four interconnected buildings on a 27-acre, amenity-rich campus at 400 Interpace Parkway. The park is 62 percent leased to four occupants, including TEVA Pharmaceuticals and Ogilvy CommonHealth Worldwide. Gary Gabriel, Andrew Morin, David Bernhaut, Kevin Donner, Brian Whitmer and Andrew MacDonald of Cushman & Wakefield brokered the sales transaction. John Alascio and Sridhar Vankayala of Cushman & Wakefield’s Equity Debt and Structured Finance Group arranged $58.8 million in acquisition financing, including approximately $15 million of future funding earmarked for property upgrades.

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545-Sackett-St-NYC
New YorkNortheastOfficeRetail

Domain Cos. Acquires Development Site in Brooklyn for $26.5M

by Amy Works

NEW YORK CITY — The Domain Cos. has acquired a development site located at 545 Sackett St. in the Gowanus section of Brooklyn for $26.5 million. The site, which includes an existing 42,000-square-foot building, is zoned for up to 80,000 square feet of development. The site is a part of the area covered by the Bridging Gowanus community planning and land use process, an initiative to create a sustainable, livable and inclusive future for the Gowanus area. Dan Marks, Ofer Cohen and Mike Hernandez of TerraCRG represented the seller, ATS Realty Inc., in the deal.

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Maplewood-Southport-CT
ConnecticutMultifamilyNortheastSeniors Housing

Maplewood Senior Living Breaks Ground on Seniors Housing Community in Connecticut

by Amy Works

SOUTHPORT, CONN. — Maplewood Senior Living has started construction of Maplewood at Southport, a 98-unit assisted living and memory care community in Southport, located between Hartford and New York City. Maplewood is building the 93,000-square-foot community on a 27-acre plot. Stein Troost Architecture of Norwalk is the architectural firm on the project. Milone & McBroom of Cheshire will serve as the landscape architects, with Landtech of Westport as civil engineers and KBE Building Corporation of Farmington as the construction manager. The project is scheduled to open in 2019.  Based in nearby Westport, Maplewood currently owns and operates 15 communities in Connecticut, Massachusetts and Ohio. The company is expanding to New Jersey and has a high-profile project under construction on the Upper East Side of Manhattan.

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Portland-Center-Portland-ME
LoansMaineMultifamilyNortheastSeniors Housing

Lancaster Pollard Arranges $15.3M Bridge Financing for Assisted Living Community in Portland, Maine

by Amy Works

PORTLAND, MAINE — Lancaster Pollard has arranged $15.3 million in bridge financing for Portland Center for Assisted Living, an 85-unit assisted living and memory care community in Portland. The borrower is First Atlantic Healthcare Corp., which sought to refinance existing debt. The financing will also fund repairs and reserves for the property, which was built in 1964. Aaron Becker led the transaction for Lancaster Pollard.

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IndustrialTexas

HFF Arranges Sale of 301,500 SF Industrial Facility in Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — HFF has arranged the sale of Riverbend West Distribution Center, a 301,500-square-foot, Class A industrial facility in Fort Worth. Completed in 2016, the cross-dock facility features 32-foot clear heights, LED warehouse lighting, 76 overhead dock doors and four drive-in doors. Hunt Southwest Real Estate Development sold the property, which was 86 percent leased to Ecolab and PODS at the time of sale, to Pure Industrial Real Estate Trust for an undisclosed price. Adam Herrin and Stephen Bailey of HFF led the investment advisory team.  

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RestaurantRetailTexas

Signorelli to Welcome Nine Restaurants to Houston’s Valley Ranch Town Center by Summer 2018

by Taylor Williams

HOUSTON — Signorelli Co., the developer of the 240-acre Valley Ranch Town Center (VRTC) mixed-use development in northeast Houston, will welcome nine new restaurants to its tenant roster by summer 2018. Breakfast and lunch eatery The Toasted Yolk Café and frozen yogurt franchise Menchies are both scheduled to open in the spring of 2018, along with a third location at VRTC for Italian restaurant Pizza Cucinova. Japanese restaurant Airi Poke and Ramen is slated to open next summer. Other dining options opening soon include Gringo’s Mexican Kitchen, Buffalo Wild Wings, RC’s NYC Pizza & Pasta, Shogun Japanese Grill & Sushi Bar and Schlotzky’s.

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OfficeTexas

Colvill Secures Two Office Leases Totaling 43,864 SF in Houston

by Taylor Williams

HOUSTON — Colvill Office Properties has secured two leases totaling 43,864 square feet at Galleria Office Tower 1, a 493,456-square-foot, Class A building in Houston. Accounting firm BKD LLP leased 29,960 square feet and recruiting firm Lucas Associates Inc. leased 14,174 square feet. Brad Beasley and Win Haggard of Colvill Office Properties represented the landlord, a partnership between Azrelli Group and Unilev Capital Corp., in both lease negotiations. Lucian Bukowski and Nicholas Bockhorn of CBRE represented BKD; Bill Boyer and Collin Grimes, also of CBRE, represented Lucas Associates.  

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