Friday, May 1, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Property Type

6760-University-Ave-San-Diego-CA.jpg
AcquisitionsCaliforniaMixed-UseOfficeRetailWestern

Marcus & Millichap Arranges Sale of 12,196 SF Mixed-Use Building in San Diego

by Amy Works

SAN DIEGO — Marcus & Millichap has arranged the sale of La Mesa Mixed-Use, a mixed-use property in San Diego. Ross Sanchez and Nick Totah of Marcus & Millichap represented the seller and buyer in the deal. Located at 6760 University Ave., the 12,196-square-foot property features 13 suites with a mix of office and retail uses, 28 parking spaces, dual access points and high-visibility frontage. At the time of sale, the building was occupied by service-oriented tenants, including beauty, auto, legal and entertainment uses. The property was built in 1976.

Continue Reading
FacebookTwitterLinkedinEmail
Valley-Plaza-Pomona-CA
AcquisitionsCaliforniaRetailWestern

Progressive Real Estate Partners Brokers Sale of 11,720 SF Retail Center in Pomona, California

by Amy Works

POMONA, CALIF. — Progressive Real Estate Partners has negotiated the sale of Valley Plaza, a multi-tenant retail property located at 2407 Valley Blvd. in Pomona. A private investor acquired the asset for $2.6 million from a private investor. Built in 1993, Valley Plaza offers 11,720 square feet of retail space. Current tenants include Panaderia Jaliscos & Maria Taco, Pomona Water & Ice, Pearl Dental Care and Curry Time. Trinnie Lee of Progressive Real Estate Partners represented the seller, while Mark Wilson of Channel Investment Group represented the buyer in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
FloridaLoansMultifamilySoutheast

Walker & Dunlop Provides $60.2M Agency Loan for Apartment Community in Brandon, Florida

by John Nelson

BRANDON, FLA. — Walker & Dunlop has provided a $60.2 million Freddie Mac loan for 2211 Grand Isle Apartment Homes, a 390-unit, garden-style apartment community located at 2211 Grand Isle Drive in Brandon, a southeastern suburb of Tampa. Stephen West, Matthew Wallach and Walker Layne of Walker & Dunlop originated the floating-rate loan on behalf of the borrower, Providence Real Estate. Apprise, Walker & Dunlop’s independent third-party appraisal platform, appraised the transaction. Built in 1999, 2211 Grand Isle Apartment Homes offers one-, two-, three- and four-bedroom residences, as well as a 24-hour fitness center, car care center and a pool with poolside cabanas.

Continue Reading
FacebookTwitterLinkedinEmail
Affordable HousingDevelopmentIllinoisMidwestMultifamily

McHugh Construction, Powers & Sons Break Ground on 12-Story Affordable Housing Project in Chicago

by Kristin Harlow

CHICAGO — McHugh Construction and joint venture partner Powers & Sons Construction, along with The Community Builders (TCB), have broken ground on Southbridge 1C, the latest phase in the redevelopment of the former Harold Ickes Homes at 2305 S. State St. in Chicago’s South Loop. The 12-story building will include 80 market-rate and affordable housing units in a mix of studio, one-bedroom and two-bedroom layouts. Located adjacent to the Cermak-McCormick Place CTA Green Line station, the development will feature a 1,500-square-foot, street-level retail space alongside a resident lobby. The first floor will include a bike room with 80 spaces, a dog wash station, package room, leasing office and back-of-house areas. Amenity spaces on the 12th floor will include a fitness area, outdoor terrace and resident storage. Developed by TCB and supported by the Chicago Department of Housing, Chicago Housing Authority (CHA), Illinois Housing Development Authority and the U.S. Department of Housing and Urban Development, the 76,000-square-foot project will receive $11.9 million in tax-increment financing assistance. Gensler designed the project. Construction is slated for completion in June 2027. Southbridge 1C will include 44 affordable housing units, representing 55 percent of the total unit count. Fifteen residences will be designated for families …

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIndustrialSoutheastVirginia

Matan Breaks Ground on 250,000 SF Spec Industrial Facility in Stafford, Virginia

by John Nelson

STAFFORD, VA. — Matan Cos. has broken ground on a 250,000-square-foot industrial facility located at the Courthouse Road interchange off I-95 in Stafford, about 44 miles south of Washington, D.C. The spec facility is the first property within Matan’s Venture Industrial park. The property will feature 36-foot clear heights, 52- by 47.5-foot column spacing, a 130-foot truck court, 60 dock doors, 243 parking spaces and four electric vehicle charging stations. Matan expects tenant build-outs at the facility to begin in May 2027 and for the building to be substantially complete by July 2027. The property can accommodate single or multiple users.

Continue Reading
FacebookTwitterLinkedinEmail
LoansMidwestMultifamilyNebraskaSeniors Housing

Lument Provides $21.2M HUD-Insured Loan for Refinancing of Nebraska Senior Living Community

by Kristin Harlow

LINCOLN, NEB. — Lument has provided a $21.2 million HUD/FHA Section 232/223(f) Express Lane loan for the refinancing of Pemberly Place Senior Living, a seniors housing community in Lincoln with 120 units and a licensed capacity for 132. Quintin Harris and Patrick Roan of Lument originated the financing, which features a fixed interest rate and 35-year term. The refinance pays off existing bank debt from a construction loan originated by Lument several years ago. Lument also helped structure a shareholder note to reimburse the borrower for previous capital expenditures. Built in 2017, Pemberly Place Senior Living features assisted living, independent living and memory care options. Locally owned and operated, the community has a partnership with MJ Senior Living, a Nebraska-based management company.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIllinoisIndustrialMidwest

Missner Group Purchases 58,236 SF Industrial Building in Aurora, Illinois

by Kristin Harlow

AURORA, ILL. — The Missner Group has acquired 657 Wolverine Drive, a 58,236-square-foot industrial building in Aurora. Located on 5.5 acres, the multi-tenant property features a clear height of 18 feet, multiple drive-in doors and loading docks, heavy power and ample parking. Built in 1997, the asset also offers outside storage. Missner plans to implement a targeted value-add program, including tenant build-outs, renovation of existing office space and structural improvements. Two units are currently available for lease, representing a total of 25,267 square feet. Steve Connolly and Mark Moran of NAI Hiffman represented the undisclosed seller, while Andrew Maletich of Cawley CRE represented the buyer. Maletich and colleague Matt Garland have been retained as the leasing brokers.

Continue Reading
FacebookTwitterLinkedinEmail
GeorgiaLeasing ActivityOfficeSoutheast

Newmark Arranges 40,124 SF Office Lease at 1375 Peachtree in Midtown Atlanta

by John Nelson

ATLANTA — Newmark has arranged a 40,124-square-foot office lease at 1375 Peachtree, a seven-story, 412,000-square-foot office building in Midtown Atlanta. The tenant, Drew Eckl & Farnham, will move into its new space on the sixth floor this December. The law firm is consolidating and relocating from nearby Truist Plaza. Craig Kalinowski, Stewart Thrash, Brad Kirschner, R.J. Zurak and Lindsay Kalski of Newmark represented the landlord, Toronto-based FullG CRE Investments Inc., in the lease transaction. John Winter and L.J. Wilhelmi of Stream Realty Partners represented the tenant. 1375 Peachtree recently underwent a capital improvement program that included a modernized façade, lobby transformation, new fitness center and two new food-and-beverage concepts by Hospitality HQ: a modern French brasserie, Brasserie Lundi, and a chef-driven food hall, The Peacherie, both of which are now open.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentFloridaLeasing ActivityRestaurantRetailSoutheast

Tavistock Signs Four Retailers at Lake Nona West Shopping Center in Orlando

by John Nelson

ORLANDO, FLA. — Tavistock Development Co. has signed four new tenants to join the roster at Lake Nona West, a walkable, 405,000-square-foot shopping center underway in the Lake Nona master-planned community in Orlando. The 54-acre, Target-anchored shopping center is set to debut next month. New retailers joining the development include Drybar, Just Salad, Gloss Nail Co. and Kilwins Ice Cream. Previously announced tenants at Lake Nona West include Homesense, Barnes & Noble, Dick’s Sporting Goods, Golf Galaxy, Total Wine & More, JETSET Pilates, Nordstrom Rack, Sephora and Canonita, a Mexican restaurant.

Continue Reading
FacebookTwitterLinkedinEmail
24-Webster-Ave.-Somerville-Massachusetts
Affordable HousingDevelopmentLoansMassachusettsMultifamilyNortheast

MassHousing Provides $17.8M in Financing for Affordable Housing Project in Somerville, Massachusetts

by Taylor Williams

SOMERVILLE, MASS. — MassHousing has provided $17.8 million in financing for a 43-unit affordable housing project in Somerville, located just outside of Boston. MassHousing also issued tax-exempt housing revenue bonds to finance the project, with TD Bank providing another $22.8 million in construction financing. The capital stack also includes $21.2 million in federal and state tax credits. The site at 24 Webster Ave. previously housed a vacant commercial building, which has since been demolished to make way for a six-story building that will have studio, one-, two- and three-bedroom units. Residences will be reserved for households earning between 30 and 60 percent of the area median income. The borrower is nonprofit organization Just A Start.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts