Property Type

TAMPA, FLA. —  Related Group has broken ground on Manor Riverwalk, a 24-story apartment tower located at 101 S. Parker St. in downtown Tampa. Designed by architecture firm Arquitectónica with interiors by ID & Design International, the tower will contain 369 residences, 3,000 square feet of fitness-based amenities and dedicated work areas along the Hillsborough River. Manor Riverwalk will also feature a 23,000-square-foot amenity deck, which will include shaded cabanas, a glass-edged jacuzzi, outdoor bar and entertainment terrace, pickleball court and a putting green, an 805-space parking garage and 18,000 square feet of retail space.  The groundbreaking of Manor Riverwalk marks the start of the development of Related Group’s waterfront master plan, which is expected to eventually feature five buildings with 1,229 residences and 37,000 square feet of ground-floor retail space, with a woonerf (or walkable street) connecting them all. In later phases, the master-planned project will include a boutique apartment building, a standalone garden retail parcel, a luxury condominium and two more rental towers. No timeline was given for completion of any phase. 

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GAINESVILLE, GA. — Industrial owner-operator Logistics Property Co. has signed two tenants to new leases at Gainesville 85 Business Center, an industrial park located in the I-985 Northeast Atlanta submarket. An undisclosed e-commerce company committed to 228,423 square feet of space at the building at 1900 Fulenwider Road, which is now fully leased, while a sustainable packaging manufacturer leased 66,960 square feet at 1950 Fulenwider Road. Todd Barton, Joanna Blaesing, Mark Hawks and Matt Higgins of CBRE represented the landlord in the lease negotiations. Tommy Hughes and Weston Gurr of Hughes Commercial and Rob Kruer, Tyler Logue, Nicholas Chang and Justin Kuehn of CBRE represented the tenants, respectively. Tim Evans and Ryan Jackson of the Greater Hall County Chamber of Commerce assisted in the negotiations.

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DELRAY BEACH, FLA. — Kolter Multifamily, a residential development affiliate of the Kolter Group, has begun construction on Alton Delray, a 386-unit apartment community located in South Florida between Fort Lauderdale and West Palm Beach. The development will consist of multiple six-story residential buildings at 2101 S. Congress Ave. in Delray Beach. Amenities will include a pool and a dog park. K olter Multifamily previously secured $92 million in construction financing from U.S. Bank for the project, according to South Florida Business Journal. The media outlet also reported that Kolter Multifamily was able to develop on the industrial-zoned land under Florida’s Live Local Act. Initial delivery of units at Alton Delray is slated for late 2027. 

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LOS ANGELES — Local fund manager Capital Group has purchased its corporate headquarters, an office tower located at 333 S. Hope St. in downtown Los Angeles, for $210 million. Capital Group has occupied a portion of the 55-story asset since 1978. The company plans to consolidate its three locations into a vertical campus across 19 floors in the building. The tower, which was built in 1974, will remain a multi-tenant building with Capital Group as the largest and anchor tenant. The purchase follows the company’s April announcement of a $70 million per year investment to expand Capital Group’s client-facing capabilities, including the addition of approximately 130 new sales and sales support roles over the next two years. Kevin Bender, Andrew Harper, Matt Astrachan and Joe Messina of JLL represented Capital Group in the deal, while Colliers represented the previous owner, Brookfield, and the special servicer, Mount Street.

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MERIDIAN, IDAHO — CenterCal Properties has unveiled plans for the expansion of The Village at Meridian, a 1 million-square-foot mixed-use development located in Meridian, roughly 10 miles west of downtown Boise. Phase II of the project will encompass 80,000 square feet of commercial space across six new buildings. Tenants that have committed to Phase II include Vuori, Alo, Kendra Scott, Tecovas, Gorjana, solidcore and Tempur-Pedic, along with Flower Child and Paris Baguette. Additional tenants will be announced as leasing activity continues. Initial openings are expected in September 2026, while completion of Phase II is anticipated for February 2027.

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Copper-Point-Gilbert-AZ

GILBERT, ARIZ. — Transwestern Investments has sold Copper Point, a 93,262-square-foot medical outpatient property in Gilbert. Terms of the transaction were not released. Transwestern purchased the asset in April 2025 through a joint venture with RX Health & Science Trust. During ownership, the partnership brought the building to full occupancy and completed capital improvements. Located at 3530 S. Val Vista Drive, Copper Point is anchored by City of Hope and houses healthcare providers such as Prosano Health, an affiliate of Blue Cross Blue Shield of Arizona, and Phoenix Children’s Hospital. Built in 2008, Copper Point is adjacent to Dignity Health’s Mercy Gilbert Medical Center, a 418-bed, full-service hospital located at the intersection of South Val Vista Drive and Highway 202.

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1275-1281-8th-Ave-SanFran-CA

SAN FRANCISCO — Marcus & Millichap has brokered the sale of 1275-1281 8th Ave., a 28-unit multifamily property in San Francisco. A private family trust sold the asset to local value-add investors for $6.7 million, or $237,500 per unit. Eymon Binesh and Gino Franco of Marcus & Millichap’s San Francisco office represented the seller and procured the buyer in the transaction. Built in 1926, the 17,500-square-foot property is situated on a 0.3-acre parcel at the intersection of 8th Avenue and Irving Street. The unit mix includes 14 one-bedroom units, 11 two-bedroom units, three studios and four accessory dwelling units. According to Marcus & Millichap, the buyer plans to renovate all 28 units.

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STAFFORD, VA — Mid-Atlantic commercial real estate brokerage firm KLNB has arranged multiple retail leases for the Market at Austin Ridge, a shopping center underway in Stafford. The new leases are with Aldi, Texas Roadhouse, Sheetz and Flagship Carwash. Dimitri Georgelakos and Veronica Kamara of KLNB worked on behalf of the undisclosed landlord in the lease negotiations. 

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MINNEAPOLIS — Real Capital Solutions (RCS) has acquired 3701 Wayzata Boulevard, a 308,681-square-foot office property in the Urban West End neighborhood of Minneapolis, for $34 million. Situated on 25.8 acres overlooking Brownie and Cedar lakes, the nine-story asset is 99 percent leased and serves as the headquarters location for several companies such as Tactile Medical, SRF Consulting Group, Regis Corp. and MOBE. Originally developed as a corporate headquarters campus for Prudential and later occupied by Target Corp., the property underwent a comprehensive renovation and repositioning in 2019. Amenities today include a fitness center, conference facilities, a golf simulator, onsite café, outdoor gathering spaces, a rooftop patio, bike storage and direct access to regional trail systems.

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ELKHART, IND. — CBRE has arranged the sale of a 112,862-square-foot industrial building located at 3701 S. Main St. in Elkhart. CBRE’s Will Roberts, Steve Timmel and Chris Deutscher represented the seller, Industrial Commercial Properties, which redeveloped the former Concord Mall into Concord Business Park. The project to convert the former JC Penney store included a full interior demolition, increased clear heights and the addition of loading docks and drive-in doors. The property was fully leased at the time of sale to LEER Group. Vault Equity Partners was the buyer.

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