Wednesday, April 29, 2026
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Town-and-Country-Shopping-Center
RetailTexas

M&M Arranges Sale of 92,956 SF Retail Property in Midland

by Haisten Willis

MIDLAND, TEXAS — Marcus & Millichap has arranged the sale of Town and Country Shopping Center, a 92,956-square-foot retail property located in Midland. Philip Levy of Marcus & Millichap’s Fort Worth office marketed the property on behalf of the seller, a limited liability company. Levy also secured the buyer, a private investor. Town and Country Shopping Center is located on a 9.3-acre site at 1000 N. Midkiff Road. The property is 88 percent occupied and all leases are triple net. Furr’s Cafeteria, Dollar Tree and Planet Fitness anchor the center. Major retailers in the immediate area include Subway, Sonic, McDonald’s, Hastings, Payless ShoeSource, Dollar General, Gold’s Gym, Lack’s Furniture, Comet Cleaners, Allstate Insurance, Quiznos and Advance Auto Parts.

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CaliforniaMultifamilyWestern

Orchard Adams Purchases Palisades Apartments Near USC for $12.6M

by Nellie Day

LOS ANGELES — Orchard Adams LLC has purchased the 28-unit Palisades Apartments in Los Angeles for $12.6 million. The community is located at 1210 and 1226 W. Adams Blvd., near the University of Southern California (USC). It was built in 2002. Robert Ip of Avison Young represented Orchard Adams. CBRE represented the seller, Palisades USC LLC.

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CaliforniaIndustrialWestern

Cress Capital, PacVentures Acquire Industrial Property in Perris for $11.3M

by Nellie Day

PERRIS, CALIF. — Cress Capital and partner PacVentures have acquired a 30-acre property in Perris that includes two industrial buildings for $11.3 million. The property is located at 3411 N. Perris Blvd. Both buildings are occupied by single tenants on long-term leases. The transaction also includes a 10-acre excess land parcel. HFF’s Wally Reid and Jeff Sause provided debt financing.

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ColoradoMultifamilyWestern

Private Investor Buys Denver Apartment Building for $2.1M

by Nellie Day

DENVER — A private investor has acquired a 20-unit apartment building in Denver for $2.1 million. The community is located at 2366 S. Linden Court and 2337, 2351, 2367, 2387 S. Locust St. It is situated near downtown Denver and the Denver Tech Center. The property is two miles east of the University of Denver. Greg Price and Clayton Primm of Marcus & Millichap represented the seller, another private investor.

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Westin Key West Resort
FloridaLoansMixed-UseSoutheast

NorthMarq Arranges Financing for Two Florida Properties Totaling $74.6M

by John Nelson

KEY WEST AND PORT ST. LUCIE, FLA. — NorthMarq Capital’s Boca Raton office has arranged the refinancings of The Westin Key West Resort in Key West and The Atlantic at Tradition Apartments in Port St. Lucie for a combined $74.6 million. Located at 245 Front St., The Westin Key West Resort’s amenities include a swimming pool, marina, two different spa facilities, beach access and a workout fitness studio. Bill Johnson of NorthMarq arranged the 20-year, $50 million loan through a life insurance company on behalf of the borrower. Located at 10297 S.W. Village Parkway, the 252-unit Atlantic at Tradition is in close proximity to the 150-acre Tradition Center of Innovation Research Park and a VA hospital currently under construction. The property’s amenity package includes a clubhouse, swimming pool, sundeck, theater, Jacuzzi, veranda, 24-hour fitness center, business center, tennis court, dog park and lakeside walking trail. Johnson arranged the 10-year, $24.6 million loan for the apartment community through a life insurance company on behalf of the borrower. The loan features two years of interest-only payments followed by a 30-year amortization schedule.

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RiverOaks Corporate Center Concord
IndustrialNorth CarolinaSoutheast

Beacon Partners to Break Ground on Industrial Facility in Metro Charlotte

by John Nelson

CONCORD, N.C. — Beacon Partners will soon begin construction on a 143,670-square-foot industrial facility within RiverOaks Corporate Center, a 1.4 million-square-foot industrial park located in Concord, roughly 24 miles north of Charlotte. The new facility will be located one mile east of I-85, five miles north of I-485 and near Concord Regional Airport. Matt Greer and John Cashion of JLL represented an undisclosed tenant in a 73,667-square-foot pre-lease at the facility. The tenant plans to move into the building in spring 2016. The design team for the new facility includes general contractor Choate Construction, architect Merriman Schmitt and civil engineer ColeJenest & Stone.

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Laurel Springs Village Suwanee
GeorgiaRetailSoutheast

South Coast Commercial Purchases Metro Atlanta Shopping Center for $4.1M

by John Nelson

SUWANEE, GA. — South Coast Commercial has purchased Laurel Springs Village, a 21,710-square-foot shopping center located at 3590 and 3592 Old Atlanta Road in Suwanee. The South Carolina-based investor acquired the fully occupied asset from Laurel Springs Holdings for $4.1 million. Built in 2004, the property is anchored by Titan Team Sports and leased to nine other tenants. Kevin Markwordt and Fred Victor of Transwestern represented the seller in the transaction.

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GeorgiaOfficeSoutheast

Dawson Architects Designs New Office Space in Downtown Savannah

by John Nelson

SAVANNAH, GA. — Savannah-based Dawson Architects has designed and renovated roughly 5,000 square feet of office space at 321 West Congress in downtown Savannah. The firm will also occupy the new space, which had been left virtually untouched since its construction circa 1850. Established in 2008, Dawson Architects has grown from just Neil Dawson to 17 employees as of this writing.

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