Sunday, February 8, 2026
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CaliforniaOfficeWestern

C.W. Driver Breaks Ground on Newport Harbor Medical Plaza in Newport Beach

by Nellie Day

NEWPORT BEACH, CALIF. — C.W. Driver has broken ground on Newport Harbor Medical Plaza, a 26,500-square-foot medical facility in Newport Beach. The Class A facility will be located at 330 Old Newport Blvd. It is situated near Hoag Memorial Presbyterian Hospital Newport Beach. The facility is scheduled for completion in fall 2018. Office spaces will range from 2,000 square feet to 16,500 square feet. The property will offer second-floor patio deck amenities, two levels of below-grade parking and gurney-accessible elevators. Shaoulian Properties is developing Newport Harbor Medical Plaza, which Bundy-Finkel Architects is designing.

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ArizonaHospitalityWestern

Hilton Opens Dual-Branded Hotel Property in Tempe

by Nellie Day

TEMPE, ARIZ. — Hilton has opened the new dual-branded Hilton Garden Inn Phoenix-Tempe ASU Research Park and Home2 Suites by Hilton Phoenix-Tempe ASU Research Park in Tempe. These hotels will add 228 new rooms to the Arizona State University area. Developer RB-WW Tempe LLC owns the properties, which Widewaters Tempe Hotel Management Company LLC manages. The hotels are situated across the street from the 320-acre ASU Research Park, which serves as the headquarters for GoDaddy and Shutterfly, among others. The hotel has two distinct lobbies and will share access to an outdoor pool, fire pit and barbeque grill area, and fitness center.

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Gilbertsville-Shopping-Center-Gilbertsville-PA
NortheastPennsylvaniaRetail

Brixmor Property Group Sells 85,576 SF Shopping Center Near Philadelphia

by Amy Works

GILBERTSVILLE, PA. — Brixmor Property Group has sold Gilbertsville Shopping Center, a grocery-anchored retail center located at 1050 E. Philadelphia Ave. in Gilbertsville, a suburb of Philadelphia. The Westover Cos. bought the property for an undisclosed price. Weis Markets anchors the 85,576-square-foot center, which was constructed in 1976. The 95.6 percent leased center is also home to Anytime Fitness, T-Mobile, Pet Valu, Dairy Queen, National Auto Stores, Great Clips, Quest Diagnostics, KeyBank and Fine Wine & Good Spirits. Chris Munley, Michael DiCosimo and Jose Cruz of HFF represented the seller in the deal.

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297-Billerica-Road-Chelmsford-MA
MassachusettsNortheastOffice

Digital Federal Credit Union Acquires 129,000 SF Office Building in Chelmsford, Massachusetts

by Amy Works

CHELMSFORD, MASS. — Digital Federal Credit Union has purchased an office building located at 297 Billerica Road in Chelmsford for an undisclosed price. The three-story, 129,000-square-foot building features a state-of-the-art data center, outdoor grilling and seating area, training rooms, in-house café, and shower and locker rooms. The buyer plans to use the facility to accommodate its continued expansion. The property was built and formerly occupied by Kronos Inc., which recently relocated its global headquarters for Lowell, Mass. Mark Reardon, Peter Dominski, Alex Plaisted and Ben Roopenian of CBRE/New England represented the seller, Anchor Line Partners, on behalf of Kronos. Garry Holmes of R.W. Holmes Realty represented the buyer in the deal.

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2115-2121-Honeywell-Ave-NYC
MultifamilyNew YorkNortheast

Rosewood Realty Negotiates $44.4M Sale of Two Apartment Buildings in the Bronx

by Amy Works

NEW YORK CITY — Rosewood Realty Group has arranged the sale of two adjacent five-story apartment buildings on Honeywell Avenue in the West Farms neighborhood in the Bronx. The Fruchthandler real estate family’s FBE Limited bought the two buildings, located at 2103-2117 Honeywell Ave., for $44.4 million. Built in 1979 and totaling 181,093 square feet, the property features 197 apartments and 46 indoor parking spots. Aaron Jungreis of Rosewood Realty represented the seller, Rajmattie Persuad, in the transaction.

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41-Jefferson-St-NYC
MultifamilyNew YorkNortheast

Marcus & Millichap Arranges $7.5M Sale of Apartment Building in Brooklyn

by Amy Works

NEW YORK CITY — Marcus & Millichap has brokered the sale of an apartment building located at 41 Jefferson St. in Brooklyn’s Bushwick section. A private investor sold the 21-unit property for $7.5 million. Shaun Riley, Tom Shihadeh and Andrew Reiter of Marcus & Millichap represented the seller in the transaction.

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New JerseyNortheastOffice

Billtrust Leases 90,000 SF of Office Space at Princeton Pike Corporate Center in New Jersey

by Amy Works

LAWRENCEVILLE, N.J. — Billtrust, a payment cycle management software company, has leased 90,000 square feet of office space at 1009 Lenox Drive within Princeton Pike Corporate Center in Lawrenceville. The company plans to establish its new headquarters at the Class A office campus. Vision Real Estate Partners (VREP) owns the eight-building, 817,000-square-foot office campus, which recently underwent a multi-million-dollar revitalization program. Steve Tolkach of Newmark Knight Frank represented the landlord, while Bradford Fenlon of Colliers International represented the tenant in the deal.

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IndustrialMidwestOhio

PCCP, Pizzuti Cos. to Develop 802,390 SF Industrial Building in Columbus, Ohio

by Kristin Harlow

COLUMBUS, OHIO — PCCP and The Pizzuti Cos. have formed a joint venture to develop Rickenbacker West I in Columbus. The 802,390-square-foot speculative industrial building will feature 36-foot clear heights. Project construction has begun and completion is slated for summer 2018. The property will be situated on 50 acres within the Creekside Industrial Center in the Rickenbacker Global Logistics Park. The Rickenbacker International Airport is located just south of the property.

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LoansMichiganMidwestOffice

Bernard Financial Arranges $67.5M CMBS Loan for Refinancing of Office Building in Detroit

by Kristin Harlow

DETROIT — Bernard Financial Group has arranged a $67.5 million CMBS loan for the refinancing of a 489,786-square-foot office building in Detroit. The multi-tenant, 25-story building is located at 150 W. Jefferson Ave. Dennis Bernard and Kevin Kovachevich of Bernard Financial arranged the loan on behalf of the borrower, 150 West Jefferson Owner LLC.

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IllinoisMidwestRetail

Miller Capital Advisory Sells 468,127 SF Shopping Center in Peoria, Illinois

by Kristin Harlow

PEORIA, ILL. — Miller Capital Advisory Inc. has sold The Shoppes at Grand Prairie in Peoria for an undisclosed price. The 468,127-square-foot lifestyle center is situated on 30.3 acres at 5201 W. War Memorial Drive. Completed in 2003, the property includes six multi-tenant buildings and one single-tenant building. The property is 94 percent leased to more than 35 tenants such as Bergner’s, Dick’s Sporting Goods, Marshalls, HomeGoods, DSW, H&M, Old Navy, J. Crew Mercantile, Banana Republic Factory and J. Jill. Amy Sands, Clinton Mitchell, Barry Brown and Claudia Steeb of HFF marketed the property for Miller Capital. An affiliate of Singerman Real Estate LLC purchased the asset.

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