Thursday, May 7, 2026
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4205-W-Tompkins-Ave-Las-Vegas-NV
AcquisitionsIndustrialNevadaWestern

MCA Realty Acquires 19,500 SF Multi-Tenant Industrial Building in Las Vegas for $4.2M

by Amy Works

LAS VEGAS — MCA Realty, through its Industrial Growth Fund II, has purchased a multi-tenant industrial building, located at 4205 W. Tompkins Ave in Las Vegas, from a private investor for $4.2 million. Built in 1984, the 19,500-square-foot building features a clear height of 22 feet, seven grade-level roll-up doors, separately metered units with evaporative coolers and a 28,500-square-foot fenced yard. MCA Realty will make significant improvements to the exterior, including new paint, asphalt repairs and new fencing. Interior improvements will include office renovations, new carpet and ceiling tiles, new bathroom fixtures, LED lighting, painting and insulation of the warehouse. Pat Marsh and Sam Newman of Colliers represented both parties in the transaction.

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11320-Sanchez-St-Castroville-CA
CaliforniaLoansMultifamilyWestern

MMCC Arranges $3.7M Refinancing of Multifamily Property in Castroville, California

by Amy Works

CASTROVILLE, CALIF. — Marcus & Millichap Capital Corp. (MMCC) has secured $3.7 million for the refinancing of an apartment building in Castroville. Located at 11320 Sanchez St., the property offers 23 apartments. Kevin Elliot of MMCC’s Orange County, Calif., office arranged the financing with a local credit union on behalf of a private client. Terms of the five-year loan include a 6.06 percent interest rate with one year of interest-only payments, a 29-year amortization period and a 60 percent loan-to-value ratio.

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AcquisitionsGeorgiaRetailSoutheast

TSCG Brokers Sale of 25,300 SF Douglasville Day Centre in Metro Atlanta

by John Nelson

DOUGLASVILLE, GA. — TSCG has brokered the sale of Douglasville Day Centre, a 25,300-square-foot shopping center located in the Atlanta suburb of Douglasville. The sales price was undisclosed. Situated at the intersection of Chapel Hill and Timber Ridge roads, the center was originally built in 2005. The property was fully leased at the time of sale to tenants including Starbucks Coffee, Verizon Wireless, Orangetheory Fitness, Tropical Smoothie Café and Shane’s Rib Shack. Douglasville Day Centre also features four separate outparcels — McDonald’s, Panda Express, Texas Roadhouse and Carrabba’s Italian Grill — that were not included in the sale. Anthony Blanco, Mallory Silva and Serge Du Lau D’Allemans of TSCG represented the seller, a private partnership, in the transaction. A joint venture managed by Crow Holdings Capital was the buyer.

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Affordable HousingDevelopmentIllinoisMidwestMultifamily

JV Completes 58-Unit Affordable Housing Project in Chicago’s Auburn Gresham Area

by Kristin Harlow

CHICAGO — Evergreen Real Estate Group, Imagine Group and KLEO Enterprises have completed Auburn Gresham Apartments, a two-building, 58-unit affordable housing community in Chicago’s Auburn Gresham neighborhood on the South Side. The project was a joint venture between developers Evergreen and Imagine, in collaboration with KLEO, the Chicago Department of Planning and Development (DPD) and the Chicago Department of Housing. The development, which won a 2020 DPD request for proposals for vacant city land at 79th and Green streets, was initially envisioned as a single building. Following three community workshops, the developers shifted more than half of the proposed units to a second city-owned site at 79th and Halsted streets. The complex now comprises a three-story building with 28 units and 5,200 square feet of retail space and a five-story building with 30 units and 3,300 square feet of commercial space. All residences are reserved for households with incomes at or below 60 percent of the area median income. Professionally managed by Evergreen, the units are approximately 75 percent leased. Commercial tenants will include for-profit development and property management firm KLEO, Italian restaurant The Auburn and K.L.E.O. Community Family Life Center, a nonprofit dedicated to youth development. Designed by Ross …

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DevelopmentMidwestOhioRetail

Sansone Group, Clous Road Partners Break Ground on 91,000 SF Retail Development in Ohio

by Kristin Harlow

WEST CHESTER TOWNSHIP, OHIO — Sansone Group and Clous Road Partners have broken ground on Village North, a 91,000-square-foot retail development in West Chester Township near Cincinnati. The 12.6-acre project will feature five buildings and will be anchored by a 40,000-square-foot Whole Foods store. Buffalo Construction will serve as general contractor, while Cushman & Wakefield will handle leasing. Village North is slated to open in 2026.

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AcquisitionsIowaMidwestMultifamily

Greysteel Brokers $38M Sale of Multifamily Community in West Des Moines

by Kristin Harlow

WEST DES MOINES, IOWA — Greysteel has brokered the $38 million sale of Polo Club Apartments in West Des Moines. Built in 1998, the apartment property features 277 two-bedroom units. BJ Connolly, Zach Schneider and Ryan Carter of Greysteel represented the seller, Polo Club LLC/Premier Cos. The undisclosed buyer represented itself and plans to embark on a full renovation of the community.

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AcquisitionsIllinoisMidwestMultifamily

Woodland Rental Properties Buys 22 Newly Built Apartments in Marion, Illinois

by Kristin Harlow

MARION, ILL. — A division of Woodland Rental Properties LLC, managed by Heartland Realty & Rentals Inc., has acquired 22 newly built apartment units near downtown Marion. The multi-million-dollar transaction is part of a larger strategic investment for the company. Roman Basi and Jason Powell represented Heartland on an internal basis. The units will be available for leasing as they come online.

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DevelopmentHealthcareMidwestMinnesota

HealthPartners Opens 56,000 SF Specialty Center in Woodbury, Minnesota

by Kristin Harlow

WOODBURY, MINN. — HealthPartners has opened its new specialty center in the Twin Cities suburb of Woodbury. The nearly 56,000-square-foot facility is located off I-94 and Radio Drive. Kraus-Anderson provided construction management for the multi-level project, which offers 13 medical specialties. Patients can also receive surgery, imaging, lab and infusion services. Construction began in September 2023.

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The-Variel-Woodland-Hills-California
CaliforniaLoansMultifamilyNortheastPennsylvaniaSeniors HousingTop StoriesWestern

BWE Arranges $308M Refinancing of Two Seniors Housing Properties in Metro Los Angeles, Philadelphia

by Taylor Williams

WOODLAND HILLS, CALIF AND AMBLER, PA. — BWE, a Cleveland-based commercial real estate financial services firm, has arranged the $308 million refinancing for a pair of seniors housing properties in the Los Angeles and Philadelphia metro areas. The financing was structured as a single transaction on behalf of a joint venture between Columbia Pacific Advisors, LAMB Properties and Harbert South Bay Partners. Momentum Senior Living operates both properties. Located in the northwest Los Angeles neighborhood of Woodland Hills, The Variel is a 336-unit community that offers independent living, assisted living and memory care services, as well as a range of amenities and wellness programs. The 270,000-square-foot (net rentable) community opened in July 2022 and was more than 90 percent occupied at the time of the loan closing. Located in the northern Philadelphia suburb of Ambler, Pa., The 501 at Mattison Estate is a 250-unit community that also offers independent living, assisted living and memory care services. Spanning approximately 200,000 net rentable square feet, the property opened in June 2022 and was 95 percent occupied at the time of loan closing. Amenities at The 501 at Mattison Estate include an art studio, courtyards with lounges and grills, a dog park, fitness …

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AlabamaMarket ReportsRestaurantRetailSoutheastSoutheast Market Reports

Birmingham Retail Market: Stability Amid Changing Dynamics

by John Nelson

Birmingham’s retail market continues to demonstrate resilience despite national economic challenges. With a vacancy rate of 3.8 percent — slightly below the national average of 4.1 percent — and rental rates holding steady at $13.13 per square foot, the city remains an attractive destination for both investors and tenants.  However, rising interest rates have slowed development and softened transaction volumes, reshaping the investment landscape. Macroeconomic trends  The intersection of economic pressures and shifting consumer habits is redefining Birmingham’s retail landscape. Across the nation, big-box retailer bankruptcies have contributed to negative net absorption of 346,200 square feet over the past year, and Birmingham has felt similar effects. The closure of Conn’s HomePlus, among other retailers, has contributed to this contraction. Despite these challenges, suburban retail demand remains robust. Homewood, Hoover and Alabaster are experiencing continued growth, and Crestwood Festival Shopping Center has added new tenants like Fun City Adventure and Armor Gym occupying 100,000 square feet. These trends highlight the increasing popularity of experiential retail, as consumers gravitate toward destinations that offer more than just traditional shopping. Development slows New retail construction has slowed significantly, with only 130,000 square feet delivered in the past year — well below historical averages. However, …

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