Property Type

Waterfall Provides $127M Loan for Refinancing of Metro Philadelphia Office Campus

by Taylor Williams March 12, 2026

KING OF PRUSSIA, PA. — Waterfall Asset Management, a New York City-based lender, has provided a $127 million loan for the refinancing of Chesterbrook, a 1.1 million-square-foot office campus located northwest of Philadelphia in King of Prussia. The borrower, Rubenstein Partners, purchased the 14-building campus in 2019 and has subsequently invested $50 million in capital improvements. Those improvements included the creation of The Circuit, an amenity center with a food hall, outdoor gathering spaces, meeting rooms, a fitness center and a 20,000-square-foot coworking suite. Shawn Rosenthal, Jason Gaccione, Jake Salkovitz, Justin Helbling, Doug Rodio, Jerry Kranzel and Bruer Kershner of CBRE arranged the loan.

March 12, 2026

Acquisitions Colorado Multifamily Seniors Housing Western

Inland Buys 132-Unit Seniors Housing Community in Monument, Colorado

by Amy Works March 12, 2026

MONUMENT, COLO. — Inland Real Estate Acquisitions has negotiated and closed the purchase of Jackson Creek Senior Living, a 132-unit seniors housing property in Monument, approximately 20 miles north of Colorado Springs. Mark Cosenza of Inland Acquisitions, with assistance from Brett Smith of The Inland Real Estate Group, Law Department, completed the transaction. Constructed in 2017 at 16601 Jackson Creek Parkway, Jackson Creek features 27 independent living, 75 assisted living and 30 memory care units. The community also features a collective dining room with chef-prepared meals, a bistro, library, fitness center, salon, movie theater, complimentary transportation, daily resident safety checks and 24-hour concierge service. Additionally, the property is located 1.5 miles from the Tri-Lakes Health Pavilion and nine miles from UCHealth Memorial Hospital in Colorado Springs. Dial Senior Living will manage the property, which has maintained an average occupancy of 96 percent over the last year.

March 12, 2026

Acquisitions Industrial Washington Western

Tacoma Public Schools Acquires Two-Building Industrial Property in Washington for $12.1M

by Amy Works March 12, 2026

TACOMA, WASH. — Tacoma Public Schools (TPS) has purchased a two-building industrial property in Tacoma from Broadstone Cable LLC for $12.1 million. Located at 4401 S. Orchard St. on 6.1 acres, the asset offers 86,000 square feet of industrial space. The buyer plans to use the property for its construction and operational plans. Vladimir Olyanich and Bob Frederickson of Coldwell Banker Commercial Danforth managed the transaction for TPS.

March 12, 2026

Acquisitions Michigan Midwest Office

Colliers Arranges $156M Sale of Huntington Tower in Downtown Detroit

by Kristin Harlow March 12, 2026

DETROIT — Colliers has arranged the sale of Huntington Tower, a 21-story office building located at 2025 Woodward Ave. in downtown Detroit. Completed in 2022, the 311-foot-tall property includes 203,300 square feet of office space across 10 floors along with 10 levels of structured parking, a ground-floor bank and lobby, collaborative workspaces and flexible floor plates designed to accommodate up to 800 employees. The asset, located across from Comerica Park in the heart of The District Detroit, features a long-term net lease to Huntington Bancshares. Raymond Jonna of Colliers represented the undisclosed buyer and the seller, The Herrick Co., a Florida-based investment firm. The transaction is likely the most expensive office sale in city history, according to Crain’s Detroit Business.

March 12, 2026

Industrial Loans Midwest Missouri

Gantry Secures $25.5M Refinancing for Logistics Facility in Riverside, Missouri

by Kristin Harlow March 12, 2026

RIVERSIDE, MO. — Gantry has secured a $25.5 million permanent loan to retire maturing construction debt from the development of Riverside Logistics Centre II, a 328,000-square-foot, multi-tenant logistics facility in the northwest Kansas City suburb of Riverside. The building features a clear height of 36 feet, 36 overhead dock doors, four drive-in doors and parking for 88 trailers. Mark Reichter and Alec Frook of Gantry represented the borrower, a private real estate investor. A life insurance company provided the nonrecourse loan, which features a seven-year term, fixed interest rate and 27-year amortization.

March 12, 2026

Development Illinois Midwest Multifamily Seniors Housing

Skender Breaks Ground on 70-Unit Independent Living Community in Arlington Heights, Illinois

by Kristin Harlow March 12, 2026

ARLINGTON HEIGHTS, ILL. — Skender has broken ground on The Moorings of Arlington Heights, a senior living community operated by Presbyterian Living in metro Chicago. The 172,000-square-foot project will include 70 independent living apartments as part of a larger campus expansion and repositioning at 811 E. Central Road. Designed by Perkins Eastman, the residences will range from 1,050 to 1,900 square feet. The five-story building will include a social and wellness space. Additional amenities will include walking paths, a pond expansion, sitting area and outdoor space. Completion is slated for fall 2027.

March 12, 2026

Arkansas Development Southeast Student Housing

Endeavor Breaks Ground on 1,009-Bed Student Housing Development Near University of Arkansas

by John Nelson March 12, 2026

FAYETTEVILLE, ARK. — Endeavor Real Estate Group has begun construction on Juniper, a 1,009-bed student housing development located at 77 S. Duncan Ave. near the University of Arkansas campus in Fayetteville. The community will offer 294 units upon completion, which is scheduled for summer 2028. Shared amenities are set to include hospitality-themed gathering spaces; a rooftop pool and sky lounge; sauna and cold plunge; cabanas and grilling areas; a Jumbotron; fitness enter; yoga and Pilates studio; spin room; golf simulator; private courtyards; secured garage parking and bicycle storage; and 3,000 square feet of ground floor retail space. The project team for Juniper includes Endeavor Opportunity Partners III, Marble Capital, Kennedy Wilson, JLL, FaverGray, Modus Studios and Ecological Design Group.

March 12, 2026

Acquisitions Midwest Missouri Retail

Block & Co. Brokers Sale of 81,884 SF Shopping Center in Kansas City

by Kristin Harlow March 12, 2026

KANSAS CITY, MO. — Block & Co. Inc. Realtors has brokered the sale of the New Mark Shopping Center, an 81,884-square-foot neighborhood retail center in Kansas City anchored by a 52,000-square-foot Sun Fresh Grocery store. The property was 95 percent leased at the time of sale. Block & Co. originally purchased the center in 2001, one year after it was developed by Associated Wholesale Grocers. Since that time, Block & Co. served as the leasing and property management company for the shopping center. David Block and Jay Friedman of Block & Co. negotiated the investment sale on behalf of the property ownership.

March 12, 2026

Development Multifamily Northeast Pennsylvania

Joint Venture to Develop $67M Multifamily Project in Lehigh Valley

by Taylor Williams March 12, 2026

PALMER TOWNSHIP, PA. — A joint venture between Greystone Capital, Black Bear Asset Management and The Crest Group will develop a $67 million multifamily project in Palmer Township, located outside of Allentown in the Lehigh Valley region. The site spans 16 acres at 1493 Van Buren Road, and the development will comprise 216 units across six residential buildings and a standalone clubhouse building. The unit mix will consist of 90 one-bedroom and 126 two-bedroom apartments that will be furnished with stainless steel appliances, quartz countertops and individual washers and dryers. Amenities will include a fitness center, resident lounge, pickleball court and outdoor grilling areas. A construction timeline was not announced.

March 12, 2026

Development Mixed-Use Multifamily Office Retail Southeast Virginia

LEG, JM Zell Plan to Convert Former TSA Headquarters in Metro D.C. to Apartment Property

by John Nelson March 12, 2026

ARLINGTON, VA. — Lincoln Equities Group (LEG) and JM Zell Partners have submitted an application to convert the former headquarters of the Transportation Security Administration (TSA) in Arlington’s Pentagon City neighborhood into apartments. The project would reposition the two vacant office buildings, which the TSA vacated in 2020, into a property with 637 apartments and 31,000 square feet of retail space. In addition to converting 571,564 square feet of obsolete office space, plans for the 4.9-acre site include developing 116,244 square feet of new residential floor area, two new retail areas and a half-acre public plaza that connects to the Metro, as well as maintaining the 900-space underground parking garage that serves both buildings. LEG and JM Zell’s plans were submitted to Arlington County earlier this month and are pending review and approval. The design-build team includes Arquitectonica (architect) and Oculus (landscape architect). The co-developers have selected Wire Gill LLP as their land use attorney.

March 12, 2026

Newer Posts

Older Posts