Friday, February 6, 2026
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Leasing ActivityMarylandRetailSoutheast

Crunch Fitness Opens 40,000 SF Gym at Westridge Square in Frederick, Maryland

by John Nelson

FREDERICK, MD. — Crunch Fitness has signed a 40,000-square-foot lease at Westridge Square, a regional shopping center located at 1005 W. Patrick St. in Frederick, approximately 40 miles northwest of Washington, D.C. MCB Real Estate purchased the 252,000-square-foot center in 2022 and has invested more than $6 million to attract a new anchor tenant. MCB connected the single-story former Gold’s Gym space with the existing upper-level courtyard, giving Crunch Fitness the ability to occupy two levels at the shopping center. Other improvements include the complete renovation of the exterior, new signage, wood-style finishes, landscaping and a new color palate. The new gym features cardio and strength training equipment, personal training options, a group fitness and boxing studio, hot yoga, cycling classes, Olympic lifting platforms, HydroMassage beds, cryotherapy, full-service locker rooms with showers and a sauna and a 2,500-square-foot outdoor space. Additionally, the gym also offers a Kids Crunch childcare center.

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Leasing ActivityOfficeTexas

Law Firm Signs 8,000 SF Office Lease at Frost Bank Tower in Downtown Austin

by Taylor Williams

AUSTIN, TEXAS — Kane Russell Coleman Logan PC has signed an approximately 8,000-square-foot office lease at Frost Bank Tower in downtown Austin. The new office, which is scheduled to open in the coming weeks, will be staffed by six partner and associate attorneys and three business professionals. The Dallas-based law firm has also planned for future expansion at the 33-story building. An affiliate of Endeavor Real Estate Group owns the building.

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Portola-Centennial-Hills-Apts-Las-Vegas-NV
AcquisitionsMultifamilyNevadaWestern

SB Real Estate Partners Acquires 143-Unit Apartment Community in Las Vegas for $42M

by Amy Works

LAS VEGAS — SB Real Estate Partners has acquired a multifamily property located at 7531 Tule Springs Road in Las Vegas for $42 million. Formerly known as Brownstone Apartments, Portola Centennial Hills offers 143 one-, two- and three-bedroom units spread across nine low-rise residential buildings, which are adjacent to Pop Squires, a 2-acre public park. Amenities include a clubhouse, resort-style pool, barbecue areas, a 24-hour fitness center and tuck-under garages. The buyer has a limited capital improvements program planned for the property. Upgrades include smart-home tech packages and minor common area upgrades. John Cunningham, Charles Steele and Jared Glover of Berkadia Las Vegas represented the buyer and undisclosed seller in the off-market transaction.

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Mesa-Linda-Logistics-Center-Hesperia-CA
CaliforniaDevelopmentIndustrialLoansWestern

Newcastle Partners Obtains $27.5M in Construction Financing for Mesa Linda Logistics Center in Hesperia, California

by Amy Works

HESPERIA, CALIF. — Newcastle Partners has received $27.5 million in construction financing for Mesa Linda Logistics Center, a Class A industrial warehouse and distribution facility currently under construction in Hesperia. Scheduled for delivery in first-quarter 2026, the 408,997-square-foot property will offer a clear height of 36 feet, 54 dock-high doors, 57 trailer parking stalls, 215 auto parking spaces, an ESFR sprinkler system and a combined 12,000 square feet of office and mezzanine space. The project is situated on 17.5 acres and will offer access to freeways, including interstates 5 and 40, US-395, CA-18 and CA-189. Greg Brown, Samuel Godfrey and Allie Black of JLL Capital Markets secured the floating-rate, nonrecourse construction loan through a bank for the borrower.

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Skyview-Heights-Airway-Heights-WA
LoansMultifamilyWashingtonWestern

Dwight Capital Finances $22.5M HUD-Insured Loan for Skyview Heights Apartments in Airways Heights, Washington

by Amy Works

AIRWAY HEIGHTS, WASH. — Dwight Capital has closed a $22.5 million HUD 223(f) loan for Skyview Heights, a garden-style apartment community in Airways Heights, a suburb of Spokane. Proceeds of the loan were used to pay off the existing debt, cover closing costs, fund a replacement reserve for future capital improvements and provide a sizable cash out. The refinance also qualified for a reduced Green Mortgage Insurance Premium (MIP) to 25 basis points due to the property’s GreenPoint Rated New Home Silver Level Certification for sustainable design. McBride Capital arranged the transaction. The property features 128 apartments spread across 16 two-story buildings. The unit mix includes 32 one-bedroom units, 80 two-bedroom apartments and 16 three-bedroom units. Each apartment features granite countertops, stainless steel appliances, fireplaces and private balconies or patios. Skyview Heights also offers a single-story clubhouse and lounge, a barbecue area, pool and spa and a fully equipped fitness center.

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7070-Badiee-Dr-Sacramento-CA
AcquisitionsCaliforniaIndustrialWestern

LDK Ventures Buys 109,322 SF Metro Air Park Logistics Center III in Sacramento

by Amy Works

SACRAMENTO, CALIF. — LDK Ventures has acquired Metro Air Park Logistics Center III, a state-of-the-art logistics building at 7070 Badiee Drive in Sacramento. Terms of the transaction were not released. Built in 2024 on nearly 6 acres, the 109,322-square-foot building boasts a clear height of 32 feet, 18 dock doors, two grade-level doors and a 130-foot truck court, as well as 1,715 square feet of dedicated office space. Todd Sanfilippo and Rebecca Perlmutter of CBRE brokered the transaction.

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Highlander-Apts-Seattle-WA
LoansMultifamilyWashingtonWestern

Gantry Secures $16.2M in Refinancing for Highlander Apartments in Seattle

by Amy Works

SEATTLE — Gantry has arranged a $16.2 million permanent loan to retire acquisition financing for the Highlander Apartments in Seattle’s Pinehurst/Northgate neighborhood. The borrower is a private real estate investor, which acquired the asset in 2023 as a vacant assisted living facility and fully renovated the property into market-rate apartments. Located at 11501 15th Ave. NE, the community features 121 studio and one-bedroom apartments. Highlander offers 10,000 square feet of amenity space, including a resident lounge, media room, fitness center and furnished outdoor gathering spaces. Mike Wood, Mike Taylor and Tim Brown of Gantry secured the loan for the borrower. Highlander Apartments is currently fully leased at rents below 80 percent of the area median income, qualifying the loan for a Fannie Mae Sponsor Dedicated Workforce Housing loan.

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DevelopmentIndustrialMidwestMissouri

Wieland Expands Operations in Metro St. Louis with $500M Manufacturing Facility

by Kristin Harlow

ST. LOUIS — Wieland, a global supplier of high-quality copper and copper alloy solutions, is expanding its operations in the St. Louis region, investing $500 million in a new facility. Construction began in early March. The expansion will retain 800 jobs. Wieland, which manufactures products for the electric vehicle industry, contributes to the nearly 16,000 skilled metals industry workers in the area. The company also makes parts for construction, munitions, coinage and electronics. Wieland maintains recycling facilities in Granite City and produces welded copper tubes in Cuba, Mo. The St. Louis region ranks second in the United States for minerals and ores exports, primarily including metals and metal products, according to the St. Louis Regional Freightway.

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CivicDevelopmentMidwestNebraska

Assemble Lincoln Selects Site for 125,000 SF Downtown Convention Center in Nebraska

by Kristin Harlow

LINCOLN, NEB. — Assemble Lincoln, Lancaster County’s standing committee overseeing the development of Lincoln’s Downtown Convention Center, has selected the Garfield Public/Private site near South 13th and M streets as the location for Lincoln’s convention center. After a process that began in fall 2023 following two feasibility studies in 2022 and 2023 by CSL, commissioned by the Downtown Lincoln Association, Lincoln Downtown Rotary #14 and Visit Lincoln, three sites were shortlisted as finalists in July 2024. The convention center is estimated to come with an investment between $111 million and $120 million and have an impact of $18.5 million in total economic output annually, supporting 230 jobs and generating nearly $1.3 million in tax revenue per year. Next steps in the process to develop the site include beginning outreach and preliminary negotiations with landowners of the parcels being considered for development, submitting Lancaster County’s Turn Back Tax application to the state, understanding the anticipated timeline of approval of the application and when funds would become available if approved, determining a schedule for issuing design, preconstruction and construction management request for proposals and building a master schedule and budget for development of the site. The selected site is situated directly across …

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DevelopmentIllinoisLoansMidwestMultifamilyStudent Housing

Cushman & Wakefield Arranges Equity Financing for University of Illinois Student Housing Development with 241 Beds

by Kristin Harlow

CHAMPAIGN, ILL. — Cushman & Wakefield has arranged limited partner (LP) equity financing for the development of 505 S 5th Street, a Class A student housing project in Champaign serving students attending the University of Illinois’ Urbana-Champaign campus. The project will be located adjacent to campus and in the heart of Campustown. The development site is fully entitled and shovel-ready, with groundbreaking slated for this month. Completion is anticipated ahead of the 2026-2027 academic school year. The community will feature 241 beds and amenities such as a fitness center, yoga studio, sauna, study rooms, business center, clubroom and outdoor lounge area. Kristian Brown, Travis Prince, Shawn Lubic, Victoria Marks, Susan Tjarksen and Brendon Urban of Cushman & Wakefield arranged the financing on behalf of Hartman Capital, a Champaign-based firm specializing in student housing at the University of Illinois. Quilvest Capital Partners, a global private investment firm, provided the LP equity.

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