Friday, November 6, 2026
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Swiss-Gables-Apts-Kent-WA
AcquisitionsMultifamilyWashingtonWestern

Kidder Mathews Negotiates Sale of 108-Unit Swiss Gables Apartments in Kent, Washington

by Amy Works

KENT, WASH. — Kidder Mathews has arranged the sale of Swiss Gables Apartments, a multifamily property in Kent’s Lake Fenwick neighborhood. A private investor acquired the asset from John Stephanus for an undisclosed price. Dylan Simon, Jerrid Anderson, JD Fuller and Elijah Piper of the Simon | Anderson Multifamily team at Kidder Mathews represented the seller and sourced the buyer in the deal. Built in 1969, Swiss Gables offers 108 apartments averaging 870 square feet with in-unit laundry spread across seven buildings on 5 acres.

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Shiraz-Rug-Palm-Desert-CA
AcquisitionsCaliforniaRetailWestern

Progressive Real Estate Arranges $1.8M Sale of Retail Property in Southern California

by Amy Works

PALM DESERT, CALIF. — Progressive Real Estate Partners has negotiated the $1.8 million sale of a 5,000-square-foot freestanding retail building located in the Downtown Edge District of Palm Desert. The buyer, a family that owns and operates the neighboring Shiraz Rug Co., acquired the building to expand the store’s operations by an additional 5,000 square feet. Heather Sharp of Progressive Real Estate arranged the sale.

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AcquisitionsMidwestMinnesotaMultifamily

Colliers Brokers $66M Sale of Multifamily Portfolio in Metro Minneapolis

by Kristin Harlow

RAMSEY AND ZIMMERMAN, MINN. — Colliers has brokered the $66 million sale of the Northwest Apartment Collection, a three-property, 304-unit multifamily portfolio in metro Minneapolis. The properties include Park View East and Sapphire in Ramsey as well as Depot on Main in Zimmerman. Built between 2017 and 2020, the communities offer a mix of one-, two- and three-bedroom units. Amenities include fitness centers, lounges, package lockers and pools.  Park View East and Sapphire together comprise 239 units within COR, a 320-acre master-planned community anchored by the NorthStar Commuter Rail with direct access to downtown Minneapolis. Depot on Main includes 65 units. Mox Gunderson, Dan Linell, Adam Haydon and Devon Dvorak of Colliers brokered the sale. Dakota REIT was the buyer.

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CivicDevelopmentMidwestMinnesota

Kraus-Anderson Breaks Ground on $39M Graham Park Exhibition Center in Rochester, Minnesota

by Kristin Harlow

ROCHESTER, MINN. — Kraus-Anderson has broken ground on the $39 million Graham Park Exhibition Center in Rochester. The multipurpose facility will serve as a year-round hub for sports events, concerts, livestock and horse shows, trade shows and cultural celebrations in southeast Minnesota. Designed by LHB Architecture and CRW Architecture + Design Group, the 80,000-square-foot property will feature a 49,000-square-foot main area with retractable seating for up to 1,500 people, a 16,500-square-foot warm-up arena for pre-event activities and an outdoor activity pad for flexible outdoor events. The project will also include space for 250 portable stalls and accommodations for visitors, exhibitor and animals. Completion is slated for early 2027.

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DevelopmentLoansMidwestMultifamilyRetailWisconsin

Associated Bank Provides $12.8M Loan for Redevelopment of Former Shopko Store Near Green Bay

by Kristin Harlow

DE PERE, WIS. — Associated Bank has provided a $12.8 million construction loan for a mixed-use redevelopment of 550 William Street in De Pere, just south of Green Bay. The project is on the site of a former Shopko store. Plans for the five-story development include 60 multifamily units and 7,900 square feet of commercial space on the first floor. The project is currently under construction, with completion slated for July 2026. The Shopko store closed six years ago. The project marks the first building of a multi-phase redevelopment plan, which includes a hotel, city-owned parking structure and another residential building. Tim Jorgensen of Associated Bank handled the loan arrangements and closing.

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IllinoisIndustrialLeasing ActivityMidwest

Worldwide Flight Services Signs Full-Building, 66,552 SF Industrial Lease in Suburban Chicago

by Kristin Harlow

FRANKLIN PARK, ILL. — Worldwide Flight Services (WFS) has signed a full-building, 66,552-square-foot industrial lease at The Cubes at ORD in the Chicago suburb of Franklin Park. The development is located immediately southeast of the O’Hare International Airport at the intersection of Irving Park Road and Seymour Avenue. The recently completed facility features 20 exterior dock doors, two drive-in doors, 11 trailer storage spaces, parking for 70 vehicles and direct access to I-294. Brian Colson and Brian Pomorski of Avison Young represented owner CRG in the lease, while Matt Mulvihill of CBRE represented WFS. CRG integrated partner Lamar Johnson Collaborative designed The Cubes at ORD while parent company Clayco served as general contractor.

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AcquisitionsIllinoisIndustrialLee & AssociatesMidwest

Lee & Associates Arranges $1.5M Sale of Industrial Building in Arlington Heights, Illinois

by Kristin Harlow

ARLINGTON HEIGHTS, ILL. — Lee & Associates of Illinois has arranged the $1.5 million sale of a 15,654-square-foot industrial building in the Chicago suburb of Arlington Heights. The property is located at 3860 N. Ventura Drive. Dustin Albers of Lee & Associates represented the seller, AmBeed, a chemical wholesaler. The buyer, Digital Design Corp., is an engineering consultant already located in the same business park. The property will serve as an additional location for the company. Albers also represented AmBeed in its purchase of 1001 Asbury in Buffalo Grove, allowing the firm to consolidate its operations to a new corporate headquarters.

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The Mark Tampa
DevelopmentFloridaSoutheastStudent HousingTop Stories

Joint Venture Acquires Development Site in Tampa for 807-Bed Student Housing Community

by Abby Cox

TAMPA, FLA. — A joint venture between Landmark Properties, Canyon Partners Real Estate LLC and Peninsula Investments has acquired a 4.3-acre site at 2700 University Square Drive in Tampa for the development of an 807-bed student housing community. Dubbed The Mark Tampa, the six-story student housing development will be situated less than a half-mile from the University of South Florida (USF) and will offer more than 270,500 square feet of residential space across 215 units. The community will also feature a mix of studio to five-bedroom floorplans. Construction on the project will begin immediately, with delivery anticipated for the 2027-2028 academic year.  Kennedy Wilson provided the construction loan for the project and TSB Capital Advisors arranged financing. Landmark Construction will serve as the project’s general contractor, with Dwell Design Studios serving as architect. “The Mark’s unparallelled amenities and prime location just southwest of the USF campus and near a multitude of dining and entertainment options will make the community an attractive housing option for USF students,” says Jason Doornbos, chief development officer at Landmark Properties. Residences at The Mark Tampa will be fully furnished and will include quartz countertops, stainless steel appliances, washers and dryers, hardwood-style laminate floors, large closets and …

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InterFace-Seniors-Southeast-Data-Marketing-Panel
Conference CoverageFeaturesMultifamilySeniors Housing

InterFace Panel Explains How Data Drives Seniors Housing Sales, Marketing

by Taylor Williams

By Lynn Peisner ATLANTA — How are today’s seniors housing operators using data to drive sales and increase occupancy? This was the question posed to a panel of experts speaking at the 12th annual InterFace Seniors Housing Southeast conference, held at the InterContinental Hotel in Atlanta’s Buckhead area on Aug. 27. Data can paint a big picture, depicting the true nature of demand in a market. “We like to think of it as a novel,” said Nick Jasmon, vice president of business development for American Healthcare Management Group. “What’s happening in your buildings is the main story, and the data is the prequel.” Editor’s note: InterFace Conference Group, a division of France Media Inc., produces networking and educational conferences for commercial real estate executives. To sign up for email announcements about specific events, visit www.interfaceconferencegroup.com/subscribe. Data on length of stay, move-in/move-out patterns and acuity changes can help forecast occupancy levels more accurately. For example, Jasmon noted that data can show how move-in ages are changing over time. “We’re seeing that our independent living (IL) residents are getting older,” he said. “Some of our IL residents are in their 80s. When we talk to them about moving to assisted [living], they reply, ‘no, that’s …

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SGS-Studios-AllianceTexas-Fort-Worth
DevelopmentIndustrialRetailTexas

Hillwood, SGS Studios Launch 450,000 SF Film, TV Production Campus in North Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Hillwood and SGS Studios, a venture backed by screenwriter Taylor Sheridan, have launched a 450,000-square-foot film and TV production campus at AllianceTexas in North Fort Worth. Hillwood and SGS Studios are launching the campus in collaboration with Paramount Television, the network that airs Sheridan-created shows like Yellowstone and Landman. Filming at the purpose-built, two-building campus began in March 2025, led by Paramount and 101 Studios for the second season of Landman. The campus features fully HVAC-equipped and power-optimized facilities that combine sound stages, mill space, wardrobe and green screen capabilities.

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