Property Type

Walmart Plans 650 Remodels, 20 Store Openings in Next 12 Months

by Hayden Spiess April 16, 2026

BENTONVILLE, ARK. — Walmart Inc. (Nasdaq: WMT) has announced plans to invest in more than 650 scheduled remodels of Walmart Supercenter and Walmart Neighborhood Market stores this year. The Bentonville-based retail giant also plans to open roughly 20 new stores throughout the remainder of 2026 and early 2027. Plans include the expansion of a Walmart Supercenter in Tucson, Ariz., as well as the opening of a Supercenter store in Celina, Texas. Earlier this year the retailer opened a new Walmart Supercenter in Eastvale, Calif., as well as three Supercenters and a Neighborhood Market in Florida. Remodeled stores will feature wider aisles and updated layouts; new display designs; expanded pickup and delivery capabilities; updated Vision Centers and pharmacies with private consultation rooms; new digital touchpoints; and refreshed interiors, signage, parking and landscaping. Stores operating under the Neighborhood Market format will also be updated with expanded deli and hot bar areas, enhanced lighting and fixtures, pharmacy delivery options and upgraded online order fulfillment areas. In early 2024, the retail giant announced a commitment to open or convert more than 150 new stores. Store openings in 2025 included locations in Alabama, California, Florida, New Jersey, Texas and Utah. According to the company, fiscal revenue for …

April 16, 2026

Acquisitions Retail Texas

JLL Negotiates Sale of 851,457 SF Retail Power Center in Allen, Texas

by Taylor Williams April 15, 2026

ALLEN, TEXAS — JLL has negotiated the sale of an 851,457-square-foot retail power center in Allen, a northeastern suburb of Dallas. The Village at Allen sits on an approximately 110-acre site and was 89 percent leased at the time of sale. Tenants include T.J. Maxx, HomeGoods, HomeSense and Sierra, all of which are part of the TJX family of companies, as well as Dick’s Sporting Goods, Ross Dress For Less, Best Buy, Nordstrom Rack, Ulta Beauty, Total Wine & More and Michaels. Chris Gerard, Barry Brown and Erin Lazarus of JLL represented the seller, a partnership between an affiliate of DLC Management Corp. and American Realty Advisors, in the transaction. The buyer was Sterling Organization, an investment firm based in South Florida.

April 15, 2026

Development Multifamily Texas

OHT Partners Breaks Ground on 396-Unit Multifamily Project in West Houston

by Taylor Williams April 15, 2026

HOUSTON — Austin-based developer OHT Partners has broken ground on a 396-unit multifamily project in West Houston. The site spans 13.1 acres at 19615 Park Row Blvd., and the development, which has yet to be named, will offer one- and two-bedroom units that will range in size from 702 to 1,256 square feet. Residences will be furnished with quartz countertops, brass hardware and various pieces of smart-home technology. Select units will have private yards. Amenities will include two pools, a coworking area, fitness center, clubroom with a kitchen, package lockers, an artificial turf game lawn, dog park, pickleball court and outdoor grilling and dining stations. Meeks + Partners is the project architect, and OHT Partners’ in-house general contracting team is handling construction. Completion is slated for late 2027.

April 15, 2026

Acquisitions Hospitality Texas

Hunter Advisors Arranges Sale of 248-Room Hotel Near Dallas Love Field Airport

by Taylor Williams April 15, 2026

DALLAS — Atlanta-based hospitality brokerage firm Hunter Advisors has arranged the sale of the 248-room Embassy Suites by Hilton Dallas Love Field hotel. Suites at the eight-story hotel feature separate living and sleeping areas, flexible workspaces and in-room amenities such as mini-refrigerators and microwaves. Shared amenities include 4,400 square feet of meeting and event space across seven rooms, a full-service restaurant and bar, an indoor pool, fitness and business centers and complimentary breakfast service. An entity doing business as FelCor Dallas Love Field Owner LLC sold the hotel to Scenic Capital Advisors LLC for an undisclosed price. Kami Burnette of Hunter Advisors brokered the deal.

April 15, 2026

Development Hospitality Multifamily Texas

Hunt Capital, City of Brownsville Complete Affordable Housing Adaptive Reuse Project

by Taylor Williams April 15, 2026

BROWNSVILLE, TEXAS — A partnership between Hunt Capital Partners and the Housing Authority of the City of Brownsville, located in South Texas, has completed an affordable housing adaptive reuse project. The project converted the historic eight-story El Jardin Hotel, which first opened in 1927 and has been vacant for the past 40 years, into a 44-unit complex with one-, two- and three-bedroom units. Information on income restrictions was not disclosed. The Federal Home Loan Bank of Dallas provided a $1.1 million Affordable Housing Program grant to help finance the project.

April 15, 2026

Acquisitions Industrial Southeast Virginia

Lingerfelt, Partners Group Sell Metro Richmond Industrial Portfolio for $175M

by John Nelson April 15, 2026

RICHMOND, VA. — A joint venture between Lingerfelt and Partners Group has sold a nearly 1.2 million-square-foot industrial portfolio in metro Richmond for $175 million. JLL represented the joint venture in the transaction. The buyer was not disclosed. The portfolio includes three buildings within Walthall Distribution Center in South Chesterfield, Va., and one building within Northlake Distribution Center in Ashland, Va. Lingerfelt and Partners Group acquired the portfolio in March 2023 for $105.6 million, with Partners Group as the majority investor in the joint venture. The partnership invested $9 million in capital improvements into the portfolio and executed 875,000 square feet of new leases and lease renewals during its ownership period. Range Commercial Partners previously handled property management and leasing for the portfolio, which was fully leased at the time of sale.

April 15, 2026

Development Industrial Massachusetts Northeast

National Development Receives Approval for 950,000 SF Industrial Conversion Project in Hudson, Massachusetts

by Taylor Williams April 15, 2026

HUDSON, MASS. — Local owner-operator National Development has received approval from the Town of Hudson, located west of Boston, for a 950,000-square-foot industrial conversion project. The 148-acre site at 75 Reed Road, which is located less than two miles from I-495 with direct access to the I-290 interchange, formerly housed the campus of chipmaker Intel. National Development acquired the property, which can support advanced manufacturing as well as warehouse and logistics uses, in late 2023. Construction is expected to commence upon National Development’s securing of an occupant.

April 15, 2026

Development Georgia Multifamily Southeast

Vida Begins Construction on 280-Unit Verona Apartments in Fairburn, Georgia

by John Nelson April 15, 2026

FAIRBURN, GA. — Vida Cos. has begun construction on Verona, a 280-unit apartment community located at the corner of Landrum and Senoia roads in Fairburn, about 20 miles southwest of Atlanta. The garden-style property will offer one-, two- and three-bedroom apartments, all with private balconies. Amenities will include a courtyard with a saltwater swimming pool and grilling stations, a fitness center, clubhouse, coworking lounge and a dog park. The property will also feature a 1,500-square-foot coffee shop open to the public and 5,500 square feet of ground-level retail space. Vida plans to deliver Verona in fall 2027. The developer also recently closed on construction financing from Parse Capital and a 10-year tax incentive from Develop Fulton, an economic development authority for Fulton County. The design-build team includes Buckhaven Construction Services (general contractor), Dwell Design Studio (architect), Crosby Design Group (interior designer), Gaskins + LeCraw (civil engineer) and B+C Studio (landscape architect).

April 15, 2026

Affordable Housing Development District of Columbia Multifamily Southeast

NRP Group, MHCDO Break Ground on 109-Unit Mixed-Income Community in D.C.

by John Nelson April 15, 2026

WASHINGTON, D.C. — The NRP Group and housing nonprofit Marshall Heights Community Development Organization (MHCDO) have broken ground on The Waymark, a 109-unit mixed-income housing community located at 4435 Benning Road NE in Washington, D.C. Situated in the city’s Ward 7 near the Benning Road Metro station, the nine-story property will feature studio, one-, two- and three-bedroom units reserved for families and individuals earning up to 30, 50 and 80 percent of the area median income (AMI), with 22 units reserved as permanent housing for individuals at risk of homelessness. Future residents will be one Metro stop away from RFK Stadium, the future home of the Washington Commanders NFL team. Amenities at The Waymark will feature a multi-use space on the first floor, a fitness center and onsite resident programs, including financial literacy workshops and job readiness training. Financial partners include DC Department of Housing and Community Development (DHCD), which provided debt; the DC Housing Finance Agency (DCHFA), serving as the bond issuer; and DC Green Bank, supporting sustainable development initiatives. Private sector partners include KeyBank Real Estate Capital as the lender and U.S. Bank as the tax credit investor. NRP Group and MHCDO plan to deliver the community by the …

April 15, 2026

Acquisitions Development Retail Southeast Virginia

Investment Group Acquires Former Dine-In Movie Theater in Virginia Beach, Plans Indoor Padel Venue

by John Nelson April 15, 2026

VIRGINIA BEACH, VA. — An entity doing business as BIVI/Padel has acquired the former Beach Cinema Alehouse, a dine-in movie theater located at 941 Laskin Road in Virginia Beach, for $6.3 million. The buyers — a partnership between Jason Vickers-Smith and Ahmad Butt — plan to transform the property into an indoor padel facility, dubbed the Padel Foundry. The venue is targeted to open in early 2027. Gerald Divaris and Sezin Cortinas of Divaris Real Estate represented the seller, while Levi Thomson, also with Divaris Real Estate, represented the buyer.

April 15, 2026

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