Property Type

Partnership Breaks Ground on 87,790 SF Medical Office Building in Midlothian, Virginia

by John Nelson July 17, 2025

MIDLOTHIAN, VA. — A partnership between Remedy Medical Properties, Kayne Anderson Real Estate and Bon Secours has broken ground on a new three-story, 87,790-square-foot medical office building (MOB) in Midlothian, a suburb of Richmond. The healthcare property will sit on a 7.8-acre site on the campus of Bon Secours St. Francis Medical Center. The new MOB will feature an 11,193-square-foot ambulatory surgery center that Compass Surgical Partners will operate. The design-build team for the new facility includes architect PSH Plus, general contractor Kjellstrom & Lee and civil engineer Timmons. The development team expects to complete the project in late 2026.

July 17, 2025

Acquisitions Florida Retail Southeast

O’Connor Capital Buys Shopping Center in Delray Beach, Florida for $28.8M

by John Nelson July 17, 2025

DELRAY BEACH, FLA. — O’Connor Capital Partners has purchased Delray Corner, an 86,000-square-foot retail center located in Delray Beach, roughly eight miles north of Boca Raton, for $28.8 million. Situated on 9 acres, Michaels and CVS anchor the center, which was 96 percent leased at the time of sale. Other tenants include Hacienda Mexican Restaurant, Enterprise Rent-A-Car, Power Financial Credit Union and Taso’s Greek Taverna & Bar. Originally constructed in 1981, the property underwent significant repositioning in 2023 for the addition of the Michaels store and a Conviva Care center, as well as the construction of a new Starbucks Coffee outparcel. Douglas Mandel and Zach Levine of Marcus & Millichap’s Fort Lauderdale office represented the seller, Berta Management, and procured the buyer in the transaction.

July 17, 2025

Development North Carolina Office Southeast

Dole Food Selects Swinerton to Build-Out New U.S. Headquarters in Charlotte

by John Nelson July 17, 2025

CHARLOTTE, N.C. — Dole Food Co. has selected Swinerton for the build-out of its new U.S. headquarters within One South, a 40-story office tower in Uptown Charlotte. Charlotte-based Redline Design Group designed Dole’s office environment, which features 57 private offices, five huddle rooms, a conference room, wellness room, café, coffee bar and several lounges with a renovated elevator lobby. Dole is moving from an office about a block away, which the Irish company has occupied since moving its U.S. operations from California in 2019. The office interior build-out at One South has begun, with completion anticipated for the fall. Dole’s office comprises the whole sixth floor (23,000 square feet), which is approximately 30 percent larger than its existing footprint. Last year, Swinerton completed the demolition of the top four floors of One South, a $1 million project encompassing 88,000 square feet.

July 17, 2025

Market Reports Midwest Midwest Market Reports Office

Smart Design, Outdoor Spaces and Sustainability Help Reimagine the Office

by Kristin Harlow July 17, 2025

By Maria Davis and Colton Rupprecht, R&R Real Estate Advisors In the real estate industry, customer expectations around office space have undergone a significant shift — both in what they need and what they want. It’s not just about square footage anymore; it’s about how that space functions, feels and aligns with the values of the companies who occupy it. This transformation is playing out in three critical areas: the rise of small, amenity-packed spaces; a surge in outdoor-focused design that brings the comforts of home into the workplace; and a more rooted and interactive approach to sustainability. Smarter spaces As more companies return to in-office work, many are rethinking how they use space — prioritizing flight to quality. Increasingly, customers are gravitating toward compact offices that offer high-impact amenities rather than expansive square footage. These smaller footprints are more efficient, but they also demand more thoughtful design and planning. Technology is key in amenity designing, as efficient developers are integrating infrastructure that anticipates the needs of a tech-forward workforce. Whether it’s bracketing out spaces for high-speed fiber and built-in video conferencing hubs or artificial intelligence (AI)-powered building systems that manage lighting, the design is important in making a more …

July 17, 2025

Acquisitions Company News Net Lease Top Stories

Starwood Property Trust to Acquire Fundamental Income Properties for $2.2B

by Hayden Spiess July 17, 2025

MIAMI BEACH, FLA. AND PHOENIX — Starwood Property Trust (NYSE: STWD), an affiliate of global private investment firm Starwood Capital Group with a core focus on real estate and infrastructure, has announced plans to acquire Fundamental Income Properties for roughly $2.2 billion. Starwood Property Trust has entered into a definitive agreement with Fundamental, a fully integrated net lease real estate owner and operator based in Phoenix. The transaction is expected to close on July 23, subject to customary closing conditions. Fundamental is currently owned by New York City-based Brookfield Asset Management. Fundamental’s portfolio totals 12 million square feet across 467 properties in 44 states. The properties feature a weighted average lease term (WALT) of 17 years, with 2.2 percent average annual rent escalations. The portfolio was fully occupied by 92 tenants across 56 industries at the time of the agreement with Starwood. As part of the acquisition, Starwood will assume Fundamental’s existing financing facilities, which total $1.3 billion, including $900 million of asset-backed security debt. Starwood plans to fund the remainder of the purchase price with a combination of cash and debt and equity capital. Fundamental’s management team, which comprises 28 employees, will be retained by Starwood Property Trust. BofA …

July 17, 2025

Acquisitions California Multifamily Seniors Housing Western

Meta Housing Corp. Sells Coventry Court Seniors Housing Community in Tustin, California for $83M

by Amy Works July 16, 2025

TUSTIN, CALIF. — Los Angeles-based Meta Housing Corp. has completed the sale of Coventry Court, a mixed-income seniors housing property in Tustin, to Jonathan Rose Cos. for $83 million. Completed in 2012, Coventry Court offers 240 market-rate and income-restricted apartments for residents age 55 or older. Of the 240 units, 153 are designated as affordable at 50, 60 and 110 percent of area median income (AMI), qualifying the property for a 40 percent tax abatement. The remaining 87 units are rented at market rates. Jim Fisher, Vince Norris, Mike Smith and Tommy Yates of Northmarq represented the seller in the deal.

July 16, 2025

Colorado Development Industrial Western

Jordan Perlmutter & Co. Breaks Ground on Phase II of Hub Arapahoe Industrial Campus in Centennial, Colorado

by Amy Works July 16, 2025

CENTENNIAL, COLO. — Jordan Perlmutter & Co. has broken ground on Phase II at Hub Arapahoe, a 22-acre, 304,172-square-foot industrial campus on Arapahoe Road in Centennial. Slated for completion in April 2026, Phase II will include 150,000 square feet of industrial space across two buildings. Pacific Office Automation has preleased 32,000 square feet at Phase II. The groundbreaking follows the successful completion and full lease-up of Phase I, which is fully occupied by FritoLay, Flex Energy Solutions, Med Safety Solutions and D-Bar. Murray & Stafford is serving as general contractor and Ware Malcomb is serving as architect for the project. Dave Lee, Jason Addlesperger and Philip Lee at JLL are handling leasing for the project.

July 16, 2025

Acquisitions California Office Western

BH Properties Buys 104,201 SF Cannery Office Campus in Campbell, California

by Amy Works July 16, 2025

CAMPBELL, CALIF. — BH Properties has acquired The Cannery, a brick-and-timber office campus at 300 Orchard City Drive in downtown Campbell. Terms of the transaction were not disclosed. The 104,201-square-foot asset is currently 22 percent leased and offers suites ranging from 1,300 square feet to more than 40,000 square feet. Originally constructed in the late 1800s as a fruit cannery, the property underwent a $19.2 million renovation in 2023. Improvements included seismic upgrades, façade enhancements, modern HVAC systems and the creation of a landscaped outdoor amenity space. Steven Golubchik, Edmund Najera, Darren Hollak, Francesca Zappula and Brendan Raney of Newmark represented the undisclosed seller in the transaction.

July 16, 2025

Acquisitions California Multifamily Western

CBRE Facilitates $18M Sale of Multifamily Property in Los Angeles

by Amy Works July 16, 2025

LOS ANGELES — CBRE has arranged the sale of an apartment building located at 818 Gretna Green Way in the Brentwood neighborhood of Los Angeles. The asset traded for $18 million. The names of the buyer and seller were not released. Adam Peterson and Emil Gurfinkel of CBRE represented both parties in the deal. The property features 27 apartments with in-unit washers/dryers, secure parking and a walkable location near retail and dining options.

July 16, 2025

Hawaii Industrial Loans Self-Storage Western

Gantry Secures $10M Refinancing for Self-Storage Facility on Oahu, Hawaii

by Amy Works July 16, 2025

KANEOHE, HAWAII — Gantry has secured a $10 million permanent loan to refinance maturing debt for a self-storage facility in Kaneohe on the Hawaiian island of Oahu. The two-story, climate-controlled facility features 698 units encompassing 50,135 rentable square feet. Public Storage manages the property, which is located at 46-004 Kawa St. Robert Slatt and Alex Poulos of Gantry arranged the five-year, fixed-rate loan through a regional bank for the borrower, a private real estate investor.

July 16, 2025

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