Sunday, June 28, 2026
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The-Rushmore-Houston
Affordable HousingDevelopmentMultifamilyTexas

Housing Trust Group Breaks Ground on $33.8M Affordable Housing Project in West Houston

by Taylor Williams

HOUSTON — Miami-based developer Housing Trust Group has broken ground on The Rushmore, a $33.8 million affordable housing project in the Energy Corridor area of West Houston. The property will house 101 units, 85 of which will be reserved for households earning at or less than 30, 50 and 60 percent of the area median income. The remaining 16 units will be priced at market rates. Residences will come in one-, two- and three-bedroom floor plans, and amenities will include a pool, community clubroom, workroom, fitness center, game room and a designated dog walking path. Completion is slated for spring 2026.

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IndustrialLoansTexas

PCA Arranges Loan for Refinancing of Industrial Outdoor Storage Facility in South Austin

by Taylor Williams

AUSTIN, TEXAS — Priority Capital Advisory (PCA), a Los Angeles-based financial intermediary, has arranged a loan of an undisclosed amount for the refinancing of Chapman 71, an industrial outdoor storage (IOS) facility in South Austin. Built in the 1970s, the property consists of seven buildings on a 13-acre site at 5001 E. Ben White Blvd. Building features include 12 dock-high doors, 23 grade doors, 25 parking spaces and 16- to 25-foot clear heights. An undisclosed bank provided the nonrecourse financing to the owner, Austin-based PlaceMKR, which will use the proceeds to cash out and recapitalize the property. Chapman 71 was fully leased at the time of the loan closing.

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DevelopmentMarylandMultifamilySoutheast

High Street, SREP Break Ground on 300-Unit Apartment Community in Frederick, Maryland

by John Nelson

FREDERICK, MD. — A joint venture between High Street Residential and SCOA Real Estate Partners (SREP) has broken ground on The Terrace, a 300-unit apartment community located at 10 W. College Terrace in Frederick, about 44 miles northwest of Washington, D.C. The co-developers plan to deliver the midrise project by December 2027. The Terrace will be situated on 8.3 acres and offer views of the nearby Catoctin Mountains via its indoor/outdoor sky lounge. Other amenities will include a resort-style swimming pool, gaming area, EV charging stations and a dog park. The property will feature a mix of one-, two- and three-bedroom apartments ranging in size from 725 to 1,474 square feet. The design-build team includes architect of record Dwell Design Studio and general contractor Morgan-Keller Construction.

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IndustrialLeasing ActivityOfficeTexas

Quantic Wenzel Opens 45,000 SF Headquarters Facility in North Austin

by Taylor Williams

AUSTIN, TEXAS — Quantic Wenzel has opened its new 45,000-square-foot headquarters facility in Austin. The electronics manufacturer relocated from a site about a quarter-mile away to 1835A Kramer Lane on the city’s north side. The new facility features a cleanroom, expanded engineering labs and optimized manufacturing areas to enhance production. Bo Beacham, John Barksdale, Mark Emerick and Kyle Lewis of CBRE represented Quantic Wenzel in its site selection and lease negotiations.

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AcquisitionsFloridaLoansMultifamilySoutheastVirginia

Gantry Secures $59.6M in Acquisition Financing for Three Multifamily Communities in Florida, Virginia

by John Nelson

TALLAHASSEE, FLA. AND NEWPORT NEWS, VA. — Gantry has secured three loans totaling $59.6 million for the acquisition of three apartment communities in Florida and Virginia. The properties, which total 249 units, include Sanctuary Apartments and Serenity Court Apartments in Tallahassee and Jimmy Apartments in Newport News. All three properties were acquired out of receivership and funded for repositioning, improvements and new leasing programs. Mark Reichter and Alec Frook of Gantry’s Kansas City production office arranged the loans through one of the firm’s life company lenders on behalf of the borrower, a private real estate investor. The bridge loans include upfront interest-only terms followed by 30-year amortization schedules and include capital expenditure funds. Gantry will service the loans.

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AcquisitionsIndustrialLoansNorth CarolinaSoutheast

JLL Negotiates Sale of 652,647 SF Industrial Portfolio in Metro Charlotte, Raleigh-Durham

by John Nelson

CHARLOTTE, N.C. — JLL has negotiated the sale of a five-property industrial portfolio spanning 652,647 square feet in submarkets in the Charlotte and Raleigh-Durham areas. The specific properties were not released. Pete Pittroff, Michael Scarnato, Dave Andrews and Michael Lewis of JLL represented the seller, LM Real Estate Partners, in the transaction. Lightstone purchased the portfolio for an undisclosed price. Peter Rotchford and Taylor Allison of JLL arranged a seven-year, fixed-rate acquisition loan for Lightstone through Voya Investment Management. According to JLL, the portfolio offered a value-add opportunity to the buyer as there is 116,000 square feet of availability and in-place rents roughly 27 percent below market rates. The 12 tenants in the portfolio have about 3.6 years of WALT (weighted average lease term) remaining.

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AcquisitionsHospitalityLoansLouisianaSoutheast

Hunter Brokers Sale of 294-Room Crowne Plaza Executive Center Baton Rouge Hotel in Louisiana

by John Nelson

BATON ROUGE, LA. — Atlanta-based Hunter Hotel Advisors has brokered the sale of Crowne Plaza Executive Center Baton Rouge, a 294-room hotel located near the campus of Louisiana State University (LSU) and Tiger Stadium. APM Property Holdings LLC purchased the hotel from a private seller for an undisclosed price and has selected Schulte Hospitality to operate the hotel. The Crowne Plaza features an outdoor pool, a 3,000-square-foot fitness center, the Patio Grille and Lounge restaurant and more than 32,000 square feet of flexible event space, including 17 meeting rooms and three ballrooms. Tim Osborne and Kami Burnette of Hunter brokered the transaction. Additionally, Adeel Amin of Hunter arranged an $11.7 million acquisition loan that was underwritten at a 65 percent loan-to-value ratio with interest-only payments over the three-year term.

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Leasing ActivityRetailTexas

EōS Fitness Leases 40,000 SF at San Jacinto Marketplace in Baytown, Texas

by Taylor Williams

BAYTOWN, TEXAS — Dallas-based EōS Fitness has leased 40,000 square feet of retail space in Baytown, an eastern suburb of Houston, for a new gym. The space is located within San Jacinto Marketplace, which is a redevelopment of the former San Jacinto Mall. Locally based developer Fidelis Realty Partners owns San Jacinto Marketplace. The opening is slated for 2027.

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LoansMarylandRestaurantRetailSoutheastVirginia

MMCC Arranges $17M Refinancing for Retail Portfolio in Metro D.C.

by John Nelson

SILVER SPRING, MD. AND FAIRFAX, VA. — Marcus & Millichap Capital Corp. (MMCC) has arranged a $17 million loan for the refinancing of a nine-property retail portfolio located in the Washington, D.C. suburbs of Silver Spring, Md., and Fairfax, Va. The properties — which total roughly 71,000 square feet — include multi-tenant retail strip centers, single-tenant retail properties and single-tenant restaurants. Jared Cassidy of MMCC’s D.C. office secured the five-year loan through a local bank. The financing carries a 12-month adjustable rate, 25-year amortization schedule and a 55 percent loan-to-value ratio.

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Bella-Encanta-Mesa-AZ
AcquisitionsArizonaBuild-to-RentSingle-Family RentalWestern

CBRE Brokers $95.7M Sale of Bella Encanta BTR Community in Mesa, Arizona

by Amy Works

MESA, ARIZ. — CBRE has negotiated the sale of Bella Encanta, a build-to-rent (BTR) community in Mesa. Bela Flor Communities sold the asset to a global institutional investor for $95.7 million. Griffen Tymins, Asher Gunter, Matt Pesch, Sean Cunningham and Austin Groen of CBRE represented the Mesa-based seller in the deal. Completed in 2023, the 212-unit property features duplex-style homes with wood-style plank flooring, nine- and 10-foot ceilings, full-size washers/dryers, granite countertops, undermount sinks, eat-in islands, stainless steel appliances, gas cooktops, Shaker-style cabinetry and subway tile backsplashes, as well as a private two-car attached garage with electric vehicle charging capabilities. Community amenities include a resident clubhouse with a fitness center with climbing wall, demonstration kitchen, billiards table, leasing office, conference room, meeting space and seating areas. Outdoor amenities include soccer fields, two pet parks with a wash station, a sand volleyball court, a basketball half-court, two pickleball courts, a children’s playground, walking paths and multiple picnic areas with barbecue grills.

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