AURORA, ILL. — Quantum Real Estate Advisors Inc. has arranged the $2.8 million sale of a 14,238-square-foot retail center in Aurora. At the time of sale, the property at 2380 S. Eola Road was 90 percent leased to tenants such as Subway, Dunkin’, Wing Snob and Smile Family Dental. Dan Waszak and Brett Berlin of Quantum represented the seller, a public REIT based in Florida. The buyer was a private investor based in Illinois.
DENVER — Spectrum Retirement, a Denver-based seniors housing owner-operator, has received $330 million for the refinancing of a portfolio of eight seniors housing properties that are located across the Midwest and Southwest United States. Ryan Stoll and Taylor Mokris of BWE, a national commercial and multifamily mortgage banker, arranged the financing on behalf of Spectrum Retirement. The nonrecourse debt was structured with full-term interest-only payments and a “competitive” interest rate. “We are honored that Spectrum chose BWE to represent them in the debt capital markets for such a complex transaction,” says Stoll, national director of BWE’s Seniors Housing and Care team. “It is a privilege to partner with one of the industry’s most respected owners and operators, and Spectrum exemplifies the highest standard of excellence.” The direct lender was not released, but BWE disclosed that the lender was a “global private credit investor.” BWE also said the transaction drew interest from multiple capital sources, including agencies, life insurance companies, banks and private credit firms. The eight-property portfolio spans major metropolitan areas in four states, all of which benefit from attractive demographics and sustained demand for high-quality senior living, according to BWE. The properties include Green Oaks Senior Living and Palos Heights …
By Katharine Lau, CEO and co-founder, Stuf Following a period of slower activity throughout 2023 and 2024, the self-storage industry is showing clear signs of restored momentum in 2025. According to StorageCafé’s Q1 2025 U.S. Self Storage Sales Report, investment sales volume in the sector hit $855 million nationwide — a notable 37 percent increase from the first quarter of 2024 — suggesting a fresh wave of investor and consumer confidence. While the commercial real estate market continues to face uncertainties, particularly with regard to persistent office vacancies, self-storage is emerging as a stable, demand-driven sector of the industry, propelled by shifting consumer behaviors, flexible business needs and creative adaptive reuse in urban markets. Self-storage demand continues to follow lifestyle shifts. At Stuf, we’re consistently seeing strong growth in the seven markets in which we operate, especially among millennial and gen Z renters, small business owners and remote workers who prioritize proximity, convenience and security when choosing a storage solution. Consumers are increasingly prioritizing smarter spaces that fit into their regular routines. The StorageCafé report shows that interest from large-scale, institutional investors in self-storage has rebounded in 2025, with several eight-figure transactions dotting the map in the first quarter. The …
TAMPA, FLA. — Costis-Lifsey Development LLC and American Land Ventures LLC have announced plans to develop Residences at Rocky Point, a $187 million apartment high-rise located at 2425 Rocky Point Drive in Tampa. The 21-story tower is being constructed on the waterfront site of the Rusty Pelican restaurant. Designed by Cube 3 and RSP Architects, the 252-unit apartment tower will feature units with two-level floorplans averaging 1,175 square feet in size. Amenities will include a structured parking garage, two-story lobby, a waterfront infinity pool, beachside cabanas and a rooftop area headlined by an 8,000-square-foot restaurant. The design-build team, which includes civil engineer Kimley-Horn, plans to break ground in early 2027 and wrap up construction by mid-2028.
CHARLESTON, S.C. — Dwight Mortgage Trust, an affiliate of Dwight Capital, has provided a $110 million bridge loan for the refinancing of LC Line and Low, a new 277-unit apartment development in Charleston. Brandon Baksh, Noah Greenwald and Talisse Thompson of Dwight Mortgage Trust originated the loan on behalf of the sponsor, Lifestyle Communities, which will use the loan to refinance existing construction debt and fund remaining construction expenses. LC Line and Low features a main residential building, train shed with loft-style apartments, historic single-family homes with private courtyards and seven retail suites totaling 15,000 square feet. The retail component houses tenants including The Goat Restaurant & Bar and Morning Ritual Coffee Shop, with another restaurant and a cocktail bar in the planning stages. Amenities include a resort-style pool, clubhouse, fitness center with saunas and cold plunges, coworking lounge and a parking deck.
NASHVILLE, TENN. — Arriba Capital has provided a $67 million construction loan for a dual-branded hospitality project in Nashville’s East Bank district. The hotel development, which will sit adjacent to Oracle’s upcoming $2 billion campus, will feature rooms branded under Hilton’s Home2 Suites and Hampton Inn flags. The borrower is a Southeast-based developer that plans to deliver the hotel project in early 2027.
JACKSONVILLE, FLA. — Falcone Group has begun leasing Momentum Blanding, a 240-unit apartment development located at 6136 Blanding Blvd. in Jacksonville’s Westside neighborhood. The $50 million property will feature a mix of one-, two- and three-bedroom apartments featuring open-concept layouts. Monthly rental rates are expected to start from the $1,300s for one-bedroom units. Amenities will include a resort-style swimming pool, clubhouse with a game room, business center, coffee bar, resident lounge, yoga studio, fitness center, playground and a pet park. Falcone Group expects initial move-ins to begin in September, with preleasing incentives including up to three months of free rent for early residents. Construction is scheduled for completion in early 2026. Falcone has tapped Rentyl Apartments & Homes to oversee leasing and property management at Momentum Blanding.
APOPKA, FLA. — Wyld Oaks, a 255-acre mixed-use development underway in Central Florida, has announced new additions to its “co-creator” team. The project is located at the intersection of State Road 429/Western Beltway and West Kelly Park Road in Apopka. The company has added AdventHealth, a health system that operates 17 hospitals and freestanding emergency rooms, to the mix at Wyld Oaks. Other new additions include homebuilder Onx Homes and a retail market dubbed Wyld Provisions. “Having world-class organizations like AdventHealth, Onx Homes and Wyld Provisions join our community validates our position as Central Florida’s premier destination for forward-thinking partners who recognize the unique opportunity to be part of something transformative,” says Joseph Beninati, founder of Wyld Oaks.
HOUSTON — Define Living, a locally based multifamily developer that specializes in wellness-themed projects, will build a 388-unit apartment community in the Energy Corridor area of West Houston. The site spans 10.4 acres in the Central Park master-planned community. The midrise building will be known as Define Living: Park Row and will offer one- and two-bedroom units that will range in size from 657 to 1,089 square feet. Amenities will include a fitness center with cycling and yoga studios, infrared sauna and cold plunge, lap pool, two pickleball courts, a dog park and direct access to walking and biking trails. Mucasey & Associates is the project architect, and Blazer Building is the general contractor. Construction is scheduled to begin in the fourth quarter. Wolff Cos., the master developer of Central Park, sold the land to Define Living.
TAYLOR, TEXAS — JLL has arranged a $32.2 million acquisition loan for a 183,340-square-foot industrial facility in the Central Texas city of Taylor that is fully leased to Tesla. Delivered in 2025, the rail-served facility features four dock-high doors, eight grade-level doors and five cranes. Melissa Rose, Jack Britton, Nicole Barba and Preston Bacon of JLL arranged the three-year, fixed-rate loan through BMO on behalf of the borrower, a managed account of Manulife Investment Management.
