Friday, September 11, 2026
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MarylandMultifamilySeniors HousingSoutheast

Capitol Seniors Housing Breaks Ground on $27.5M Assisted Living Community in Maryland

by Camren Skelton

FULTON, MD. — Capitol Seniors Housing has broken ground on Arbor Terrace Maple Lawn, an assisted living and memory care community in Fulton, approximately midway between Baltimore and Washington, D.C. The $27.5 million, 73,000-square-foot community will feature 86 apartments. Baltimore-based BCT Architects designed the structure, while Dallas-based Faulkner Design Group designed the interiors. The Arbor Co. will operate the community upon completion, which is scheduled for fourth-quarter 2018. Capitol Seniors Housing is a D.C.-based, private equity-backed acquisition, development and investment management firm. The company has acquired or developed more than 90 seniors housing communities since its inception in 2003.

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GeorgiaRetailSoutheast

Phillips Edison Acquires Kroger-Anchored Retail Center in Metro Atlanta for $13.9M

by Camren Skelton

DACULA, GA. — Phillips Edison & Co. has acquired Mountain Crossing, a 96,606-square-foot shopping center in Dacula, 38 miles northeast of Atlanta in Gwinnett County, for $13.9 million. The name of the seller was not disclosed. Kroger anchors the center, which is also home to a UPS Store, Great Clips, Allstate Insurance and Chevron. Cincinnati-based Phillips Edison manages a portfolio of more than 345 shopping centers — 236 of which it owns directly — located in 32 states.

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MultifamilySouth CarolinaSoutheast

Berkadia Arranges $7.9M Sale of Apartment Community in Upstate South Carolina

by Camren Skelton

ANDERSON, S.C. — Berkadia has arranged the $7.9 million sale of Huntington Apartments, a 152-unit multifamily community in South Carolina’s Upstate region. Located at 150 Continental St. in Anderson, Huntington Apartments includes one- to three-bedroom floor plans and features a swimming pool, 24-hour maintenance and laundry facilities. At the time of sale, the property was 96 percent occupied. Mark Boyce and Blake Coffey of Berkadia arranged the transaction on behalf of the seller, Texas-based Huntington Apartments LLC. Arizona-based Sante Realty Investments acquired the asset.

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KansasLoansMidwestMultifamily

KeyBank Arranges $24.9M Acquisition Loan for Multifamily Property in Olathe, Kansas

by Kristin Harlow

OLATHE, KAN. — KeyBank Real Estate Capital has arranged a $24.9 million Fannie Mae loan for the acquisition of Greenwood Reserve Apartment Homes in Olathe, about 22 miles southwest of Kansas City. The 228-unit apartment property consists of seven buildings. Built in 2016, the Class A property is situated on 13.2 acres. Chris Black and Caleb Morton of KeyBank arranged the 10-year loan, which features a 30-year amortization schedule. The borrower was not disclosed.

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MidwestMinnesotaMultifamily

Doran, KM2 to Develop 185-Unit Luxury Apartment Property in Edina, Minnesota

by Kristin Harlow

EDINA, MINN. — Doran Cos. and KM2 Development are developing a 185-unit luxury apartment property in Edina, a southwest suburb of Minneapolis. Known as ENVi, the property will be situated on a site formerly occupied by Best Buy, which closed in 2012. The store will be demolished in order to make room for the apartment property. Designed by Doran Architecture, the building will have environmental features such as a white roof to reduce the heat island effect, increased thermal building design, Energy Star appliances and electric car-charging stations. Slated for completion in summer 2019, the project will include a mix of studio, one-, two- and three-bedroom apartments as well as 13 townhomes. Amenities will include an entertainment clubroom, outdoor pool, grills, bocce ball, business center, fitness center, spa, sauna and golf simulator. Mike Mikan and Kurt Krumenauer of KM2 purchased the property  and an adjacent single-family home in 2016.

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IllinoisIndustrialMidwest

NAI Hiffman Brokers Sale of 161,740 SF Industrial Building in Bridgeview, Illinois

by Kristin Harlow

BRIDGEVIEW, ILL. — NAI Hiffman has brokered the sale of a 161,740-square-foot industrial building in Bridgeview, about 13 miles southwest of Chicago. The sales price was not disclosed. The property is situated along I-294 at 7400-7420 Richards Road. The building features 18 exterior docks, one drive-in door, 24-foot clear heights and parking for 60 cars. Chris Gary and Jay Maher of NAI Hiffman represented the seller, Transwestern Investment Group. Adam Haefner of Darwin Realty & Development Corp. represented the buyer, Rex Carton Co., a manufacturer of corrugated boxes and custom shipping containers.

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MidwestMinnesotaOffice

Elion, Kraus-Anderson to Develop 54,000 SF Office Building at CityPlace in Woodbury, Minnesota

by Kristin Harlow

WOODBURY, MINN. — Elion Partners and Kraus-Anderson have unveiled plans to develop a 54,000-square-foot office building in Woodbury, an eastern suburb of St. Paul. The three-story Class A building will be the third office building situated within CityPlace, a 100-acre mixed-use development. Transwestern will represent Elion Partners in the lease-up of the building. The office portion of CityPlace began with the development of TRIA Orthopedic Center, a partnership between The Orthopedic Center, Park Nicollet & Health Partners and University of Minnesota Physicians. Earlier this year, The Davis Group unveiled plans to develop CityPlace’s second office building, a two-story, 50,000-square-foot medical office building, slated to open in July 2018.

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HospitalityMichiganMidwest

CBRE Arranges Sale of 129-Room Hotel in Lansing, Michigan

by Kristin Harlow

LANSING, MICH. — CBRE Hotels has arranged the sale of the Courtyard by Marriott Lansing for an undisclosed price. The 129-room hotel is located at 2710 Lake Lansing Road near the Michigan State University campus and Capital Region International Airport. Amenities include an indoor heated pool, fitness center and pet-friendly rooms. Nate Sahn of CBRE represented the seller, Lansing-based Wickens Group. Lansing Hotel Owners LLC, an affiliate of the Banyan Investment Group, purchased the property.

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IdahoLoansRetailWestern

RCG Ventures Acquires 471,340 SF Retail Center in Idaho

by Nellie Day

NAMPA, IDAHO — RCG Ventures LLC has acquired Nampa Gateway Center, a 471,340-square-foot retail center in Nampa, a suburb of Boise, for an undisclosed price. Greg Brown, Chris Drew and Peter Thompson of HFF arranged a three-year, fixed-rate loan with two one-year extensions through A10 Capital for the acquisition. Other terms of the transaction were not disclosed. JC Penney anchors the center, which is home to tenants including Shoe Carnival, Edwards Theater, CircusTrix and Crunch Fitness.

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CaliforniaLoansOfficeWestern

Stillwater Investment Group, CrossHarbor Capital Partners Obtain $34M Loan for QLogic Office Campus in California

by Nellie Day

ALISO VIEJO, CALIF. — A joint venture between Stillwater Investment Group and CrossHarbor Capital Partners has obtained a $34 million loan to renovate and lease Element, a 165,028-square-foot office campus in the Orange County submarket of Aliso Viejo. The Class A campus is located at 26600, 26650 and 26700 Aliso Viejo Parkway. The property formerly served as the headquarters for QLogic. Element is situated near the 73 Freeway, close to the Aliso Viejo Town Center, Renaissance Clubsport and John Wayne Airport. HFF secured the loan through Amherst Capital Management.

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