Saturday, February 7, 2026
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LoansMultifamilySeniors HousingWashingtonWestern

Capital One Provides $41.1M Financing, $5M Credit Facility for Prestige Care

by Nellie Day

VANCOUVER, WASH. — Capital One has provided a $41.1 million first mortgage loan and a $5 million senior credit facility for Prestige Care, a Vancouver-based owner-operator. The company used the mortgage loan to acquire four senior housing and skilled nursing facilities in Washington and Idaho, as well as to refinance three facilities it owns in Oregon and Washington. Together, the facilities total 751 units. Prestige will use the revolver to support general corporate purposes and working capital needs. Prestige is acquiring: Colonial Vista in Wenatchee, Wash. Hearthstone Cottage of Ellensburg in Ellensburg, Wash. Hearthstone Cottage of East Wenatchee in East Wenatchee, Wash. Karcher Estates in Nampa, Idaho The company is refinancing: Coast Fork Nursing in Cottage Grove, Ore. Oregon City in Oregon City, Ore. Prestige Assisted Living at Hazel Dell in Vancouver, Wash. Founded in 1985, Prestige Care operates a portfolio of more than 80 senior care communities in eight Western states. It specializes in revamping facilities in rural, medium-sized markets.

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ArizonaLoansMultifamilySeniors HousingWestern

CBRE Arranges $20.2M Construction Financing for 144-Unit Seniors Housing Community in Glendale

by Nellie Day

GLENDALE, ARIZ. — CBRE has arranged $20.2 million in construction financing for MorningStar of Glendale, a 144-unit independent living, assisted living and memory care community in Glendale, approximately nine miles north of Phoenix. The borrower is a joint venture between MorningStar Senior Living, N-Shea Group and an institutional equity partner. This will be MorningStar’s fourth community in the Phoenix metro area. MorningStar will operate the community once it’s completed. CBRE secured the four-year, floating-rate loan with 42 months of interest-only payments through a regional bank. Aron Will arranged the financing.

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CaliforniaRetailWestern

Hanley Investment Arranges $11.6M Sale of Shopping Center in Lake Elsinore

by Nellie Day

LAKE ELSINORE, CALIF. — Hanley Investment Group Real Estate Advisors has arranged the $11.6 million sale of Oak Grove Crossing, a 22,577-square-foot shopping center located in Lake Elsinore. The Target shadow-anchored property is home to tenants including McDonald’s, Starbucks Coffee, GameStop, GNC, H&R Block, Pacific Dental, Papa John’s Pizza, Subway, Supercuts, Verizon and Yogurtland. Kevin Fryman of Hanley Investment Group represented the seller, a Murrieta, Calif.-based private investment partnership. Jeff Lefko and Bill Asher, also of Hanley, represented the buyer, an Orange, Calif.-based family trust.

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CaliforniaRetailWestern

Shea Properties Signs Seven Tenants at Mercado del Barrio in San Diego

by Nellie Day

SAN DIEGO — Shea Properties has signed seven new tenants to open at Mercado del Barrio, a mixed-use center located in the Barrio Logan neighborhood of San Diego. Tenants set to open include Actitude Cerveceria, a first-to-market gastropub and brewery; Barrio Bros, a craft beer and pizza restaurant; Oi Asian Fusion, a cooked-to-order concept influenced by Filipino, Korean, Japanese, Taiwanese, Chinese and American soul food cuisines; Partners Personnel, a staffing agency; Pho Bo, a Vietnamese rice noodle soup café; Taqueria Revolucion, a local street taco restaurant; and Posh & Polished Nail Lounge. The property is anchored by a 36,000-square-foot Northgate Market, and home to tenants including Mariscos el Pulpo, Little Caesars, T-Mobile, Asia Wok, Fade Factory, Iron Fist Brewing Co., National Laundry & Dry Cleaning, Sally Beauty and Tocumbo Ice Cream & Tortas.

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IndustrialTexas

Gramercy Property Trust to Buy Nine Industrial Properties in Houston, Dallas

by Taylor Williams

HOUSTON AND DALLAS — Gramercy Property Trust, a New York-based, publicly traded REIT, has entered into an agreement to buy nine industrial properties located throughout the Houston and Dallas areas. The assets are part of a 41-property, 7.8 million-square-foot portfolio purchased from Core Logistics for approximately $479.1 million. The 41 properties, which are also located in Chicago, Atlanta, Memphis and Columbus, are 93 percent leased collectively.  

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HealthcareTexas

Pisula Acquires 62,000 SF Transitional Care Facility in Conroe, Texas

by Taylor Williams

CONROE, TEXAS — The Woodlands-based Pisula Development Co. has acquired Brightpointe at Rivershire, a 62,000-square-foot healthcare facility situated on three acres at 601 S. Conroe Medical Drive in Conroe. Completed in 2016 and financed by Woodforest National Bank, the facility offers 150 beds for patients requiring medical and physical rehabilitation after being hospitalized.

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IndustrialOfficeTexas

JLL Negotiates 37,715 SF Office/Industrial Lease in Metro Houston

by Taylor Williams

SUGAR LAND, TEXAS — JLL has negotiated a 37,715-square-foot office/industrial lease at 13000 Executive Drive in Sugar Land for INOVA Geophysical, a Houston-based seismic equipment and systems provider. The property offers 42,000 square feet of office space and 12,000 square feet of warehouse space, as well as 15-ton crane capability and 24-foot clear heights. David Buescher and Jeff Venghaus of JLL represented the tenant in the lease negotiations. Ryan Wasaff of The Welcome Group represented the landlord. The space will serve as INOVA Geophysical’s new headquarters.  

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RestaurantRetailTexas

Newk’s Eatery to Open Seven New Locations in Fort Worth Area

by Taylor Williams

FORT WORTH, TEXAS — Newk’s Eatery, a Mississippi-based fast casual restaurant chain, will open seven new locations in the Fort Worth area. Specific sites have not yet been chosen and a timeline for delivery of the new units has not yet been established. The company operates more than 100 locations, which typically measure anywhere between 3,800 to 4,300 square feet, throughout the country.  

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IllinoisMidwestMultifamily

Opus Completes 254-Unit Luxury Apartment Property in Suburban Chicago

by Kristin Harlow

LA GRANGE, ILL. — The Opus Group has completed Uptown La Grange, a luxury apartment community located in the western Chicago suburb of La Grange. The 254-unit, 450,000-square-foot property sits on the former site of the Rich Port YMCA. Floor plans range from studios to three-bedroom units. Amenities include a rooftop terrace deck, dog run, fitness center and clubroom. Opus broke ground on the project in November 2015, and the first residents moved in during April 2017. Opus Development Co. served as the project developer, while Opus Design Build was the design builder and Opus AE Group was the architect and structural engineer. Greystar will lease and manage the complex.

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