Saturday, September 5, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Property Type

IllinoisIndustrialMidwest

Meridian Finishes Construction of 271,000 SF Distribution Building in Romeoville, Illinois

by Kristin Harlow

ROMEOVILLE, ILL. — Meridian Design Build has completed construction of a 271,000-square-foot distribution building for Venture One in Romeoville, about 26 miles southwest of Chicago. The speculative industrial facility is located at 1200 Schmidt Road. The property features 32-foot clear heights, 27 truck docks, two drive-in doors and parking for 200 vehicles and 56 trailers. Ware Malcomb provided architectural services and Jacob & Hefner Associates completed civil engineering work. MB Financial provided the construction financing. Keith Stauber, Steve Ostrowski and Matt Rakowich of JLL are the property’s leasing agents.

Continue Reading
FacebookTwitterLinkedinEmail
IllinoisMidwestOffice

J.C. Anderson Completes Office Renovation for Pernod Ricard in Oakbrook Terrace, Illinois

by Kristin Harlow

OAKBROOK TERRACE, ILL. — J.C. Anderson Inc. has completed interior renovations on behalf of Pernod Ricard USA LLC within the Oakbrook Terrace Tower in Oakbrook Terrace, a suburb of Chicago. Property owner and manager Equity Office selected J.C. Anderson to complete the tenant improvements to the space on the 21st floor within the 31-story building. Renovations of the office space for the wine and spirits company included the construction of workstations, phone rooms, a newly renovated kitchen and conference rooms. Seth Erlich, Andrew Mott and Bill Dennison led the project team on behalf of J.C. Anderson. Whitney Architects provided architectural services.

Continue Reading
FacebookTwitterLinkedinEmail
OfficeWashingtonWestern

Carter Validus Buys Silverdale Healthcare Facility in Washington for $9.6M

by Nellie Day

SILVERDALE, WASH. — Carter Validus Mission Critical REIT II has acquired Silverdale Healthcare Facility, a 26,127-square-foot medical office building, for $9.6 million. The building is situated in Silverdale, just west of Seattle. The facility was built in 2005. Notable tenants include Surgery Center of Silverdale and Retina Center Northwest. The weighted average remaining lease term is 9.96 years. The property provides outpatient surgical care across multiple specialties including general surgery, orthopedics, ocular and facial plastic surgery, and ophthalmology.

Continue Reading
FacebookTwitterLinkedinEmail
CaliforniaRetailWestern

Charles Dunn Co. Negotiates $5M Sale of Bank-Anchored Property in Lynwood

by Nellie Day

LYNWOOD, CALIF. — Charles Dunn Co. has arranged the sale of retail property located at 3645 E. Imperial Highway in Lynwood. A Los Angeles-based private investor sold the property to a private international investor for $5 million, or $538 per square foot. U.S. Bank anchors the 9,375-square-foot two-tenant retail property. Kyle Gulock and Matt Kramer of Charles Dunn Co. represented the seller, while Industry Partners represented the buyer in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
CaliforniaRetailWestern

Alpha Brothers Acquires 6,200 SF Retail Property in Rancho San Diego for $4.8M

by Nellie Day

RANCHO SAN DIEGO, CALIF. — Alpha Brothers has purchased a single-tenant retail property located at 3777 Willow Glen Drive in Rancho San Diego. Rancho San Diego 111 Partners sold the property for $4.8 million. BevMo occupies the 6,200-square-foot property. Don Mose of Retail insite and Marcus & Millichap represented the seller, while Sereno Group represented the buyer in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
CaliforniaRestaurantRetailWestern

Capital Realty Solutions Brokers $3.5M Sale of Restaurant Property in Pomona

by Nellie Day

POMONA, CALIF. — Capital Realty Solutions has arranged the sale of a restaurant property located at 2098 S. Garey Ave. in Pomona. 6814 Lankershim Associates sold the property to an undisclosed private investor for $3.5 million. Jack in the Box occupies the 2,612-square-foot property on a 15-year triple-net lease term, which includes four five-year extension options for the tenant. Ash Joshi of Capital Realty Solutions represented the seller in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
CaliforniaRetailWestern

Three Boutique Fitness Concepts Lease Space at Long Beach Exchange

by Nellie Day

LONG BEACH, CALIF. — Burnham-Ward Properties, together with Burnham USA and Rockwell Capital, has signed three new fitness concepts at Long Beach Exchange, a retail and dining destination center in Long Beach. GritCycle, Ra Yoga and Orangetheory Fitness are joining the 266,000-square-foot property. Slated to open in spring 2018 and situated on 26 acres, the center will feature stores, shops, restaurants and two acres of communal open space. GritCycle will open a 3,000-square-foot indoor cycling studio; Ra Yoga will feature 3,400 square feet of yoga space; and Orangetheory Fitness will feature 3,200 square feet of boutique fitness space.

Continue Reading
FacebookTwitterLinkedinEmail
District of ColumbiaMixed-UseSoutheastTop Stories

Madison Marquette, PN Hoffman to Open Phase I of $2.3B Mixed-Use Project in Washington, D.C.

by Kristin Harlow

WASHINGTON, D.C. — Co-developers Madison Marquette and PN Hoffman will open The Wharf on Oct. 12 in Washington, D.C. Phase I of the $2.3 billion project will deliver two office buildings, two apartment towers, two luxury condominium buildings and three hotels, as well as restaurants and retail space. The Wharf is a mixed-use waterfront community that stretches across 24 acres of land and more than 50 acres of water. The development features 3.5 million square feet of new residential, office, hotel, retail, marina and public uses including waterfront parks, promenades, piers and docks. Madison Marquette and PN Hoffman broke ground on the project in March 2014. Phase II construction will begin in the coming months, with delivery scheduled for 2021. Four entertainment piers extend into the Potomac River, one of which will be used as an ice rink in the winter. The Transit Pier will accommodate water taxis. Anthem, a 6,000-seat concert hall, will open with a launch concert by the Foo Fighters. David Rockwell designed the interiors of the venue. Washington, D.C.-based Madison Marquette is a private real estate investment manager, developer, operator and service provider. PN Hoffman is a real estate developer also based in D.C. — Kristin …

Continue Reading
FacebookTwitterLinkedinEmail
Market ReportsMultifamilyTexasTexas Market Reports

Close Ties to Mexico Enable Stability in El Paso’s Multifamily Market

by Taylor Williams

Long-time El Paso residents frequently hear people talking about the good things happening in our city. To be sure, El Paso is an enigma and a contradiction — a big small town with its own identity. Cultural, economic, social and ethnic differences are comfortably accommodated in a “mi casa es tu casa” openness. Contrary to our “wild west” reputation, El Paso ranks as one of America’s safest cities by size. The closest major city to El Paso is Ciudad Juarez, a city of 1.5 million  people just across the Rio Grande River in the Mexican state of Chihuahua. The economies of the two cities are inextricably linked and create a major trade area on the southern U.S. border with Mexico. Roughly 30 percent of El Paso’s retail sales come from Mexican shoppers who also access educational institutions, medical services and professional services on the U.S. side. American and multinational manufacturers employ more than 200,000 people in Juarez and rely on El Paso’s transportation and trade infrastructure. The expansion of both trade and interdiction at the border has generated thousands of new federal agency jobs paying wages above the city’s median incomes. Apartment development and ownership in El Paso are dominated …

Continue Reading
FacebookTwitterLinkedinEmail
ArizonaMultifamilyWestern

Bascom Buys Southern Arizona Multifamily Portfolio for $70.2M

by Nellie Day

TUCSON, ARIZ. — Bascom Arizona Ventures has purchased an 812-unit multifamily portfolio in Southern Arizona for $70.2 million. The acquisition includes the 252-unit Port Royale in Sierra Vista, as well as the 288-unit Summit Vista and the 272-unit Crescent Ridge in Tucson. Summit Vista and Crescent Ridge are situated in the North Tucson submarket near Northwest Medical Center, Foothills Mall and Arizona Pavilions shopping center. Port Royale is situated near Fort Huachuca, Cochise College and the University of Arizona South Campus. Hamid Panahi, Steve Gebing and Cliff David of Institutional Property Advisors represented both the buyer and seller, a private investor, in this transaction.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts