Property Type

Buchanan Capital Partners Acquires 196,523 SF Industrial Building in Hutto, Texas

by Taylor Williams May 2, 2025

HUTTO, TEXAS — Locally based investment firm Buchanan Capital Partners has acquired a 196,523-square-foot industrial building in Hutto, a northern suburb of Austin. The building at 2100 Limmer Loop was completed earlier this year within the 1.5 million-square-foot Innovation Business Park and can support either a single or multiple tenants. Building features include 32-foot clear heights, 185-foot truck court depths, 52 dock doors, 2,350 square feet of office space and parking for 200 cars and 50 trailers. The seller was Titan Development, which owns Innovation Business Park.

May 2, 2025

Acquisitions Multifamily Washington Western

Su Development Disposes of Soma Towers Multifamily Community Near Seattle for $192.8M

by Amy Works May 2, 2025

BELLEVUE, WASH. — Su Development has completed the sale of Soma Towers, an apartment property located at 288 106th Ave. NE in Bellevue, to The Sobrato Organization for $192.8 million. Consisting of two towers, Soma Tower features 273 apartments in a mix of studio, one- and two-bedroom floor plans and two- and four-bedroom penthouse suites. The towers also offer 29,964 square feet of commercial space across two floors that is 90 percent leased to restaurants, retail and cultural amenities. Community amenities include a heated lap pool, fitness center, golf simulator, rooftop terrace, 18-seat theater and media room. Eli Hanacek, Kyle Yamamoto and Mark Washington of CBRE represented the seller in the deal.

May 2, 2025

California Company News Restaurant Retail Western

Jack in the Box to Close Up to 200 Stores, Company to Explore Sale of Del Taco

by Amy Works May 2, 2025

SAN DIEGO — Jack in the Box Inc. has announced plans to improve its long-term financial performance across its restaurant system, which includes the closure of 150 to 200 underperforming Jack in the Box restaurants, as well as possible alternatives for its Del Taco brand, which it acquired in March 2022. Jack in the Box will implement a block closure program, which will comprise of approximately 80 to 120 restaurant closures between now and December 31, with the remaining underperforming restaurants closing thereafter, based upon franchise agreement termination dates. San Diego-based Jack in the Box Inc. operates and franchises Jack in the Box, one of the nation’s largest hamburger chains, with approximately 2,200 restaurants across 22 states, and Del Taco, the second largest Mexican-American quick-service restaurant chain by units in the U.S. with approximately 600 restaurants across 17 states.

May 2, 2025

Acquisitions Arizona Multifamily Western

Living Well Homes Sells Azul Apartment Property in Phoenix for $37.1M

by Amy Works May 2, 2025

PHOENIX — Living Well Homes has completed the disposition of Azul, a multifamily community in Phoenix, to a private buyer for $37.1 million, or $163,436 per unit. Completed in 1986, Azul offers 227 studio, one- and two-bedroom apartments with an average unit size of 766 square feet and in-unit washers/dryers in most floor plans. The two-story, garden-style community features two swimming pools and a spa. Cliff David and Steve Gebing of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller and procured the buyer in the deal.

May 2, 2025

Healthcare Loans Multifamily Oregon Seniors Housing Washington Western

BWE, Blueprint Healthcare Secure $17.8M in Acquisition Financing for Memory Care Communities in Washington, Oregon

by Amy Works May 2, 2025

KENNEWICK, WASH., AND SALEM, ORE. — BWE and Blueprint Healthcare Real Estate Advisors have closed two loans totaling $17.8 million to provide financing for the purchase of two memory care communities in Washington and Oregon. The financing includes a $10.4 million loan for Windsong at Southridge, a 56-unit community in Kennewick, and a $7.4 million loan for Windsong at Eola Hills, a 56-unit property in Salem. Lundat Kassa of BWE and Kristen Ahrens of Blueprint secured the HUD financing. Both acquisition bridge loans, which have five-year terms, 72 percent loan-to-cost and no prepayment penalties, are nonrecourse with fixed and competitive rates. After the acquisition, BWE will provide permanent financing for the properties through HUD’s 232/223(f) loan product designed for senior living and healthcare communities, a process that has already begun for Windsong at Southridge. The loans have been structured to maximize exit proceeds up to 100 percent loan-to-cost for the borrowers. Located at 4000 W. 24th Ave. in Kennewick, Windsong at Southridge was constructed in 2018 and offers a variety of amenities, including arts and crafts activities, a salon, game room, gym, library and a health and therapy center. Constructed in 2015 at 20230 Wallace Road NW in Salem, Windsong at …

May 2, 2025

Development Industrial Texas

Scannell Properties Begins Construction on 139,674 SF Cold Storage Facility in Fort Worth

by Taylor Williams May 2, 2025

FORT WORTH, TEXAS — Indianapolis-based developer Scannell Properties has begun construction on a 139,674-square-foot cold storage facility in Fort Worth. The facility will consist of 127,307 square feet of freezer space and 12,367 square feet of office space, with the capacity for 40,667 square feet of expansion. In addition, the facility will have 42-foot clear heights, 24 fully equipped dock doors, space for approximately 15,000 pallet positions and six flex rooms with temperatures that will range from -10 to 40 degrees Fahrenheit. CBRE is the leasing agent. Completion is slated for mid-2026.

May 2, 2025

Industrial Leasing Activity Texas

Finial Group Negotiates 50,600 SF Industrial Lease Renewal in Northwest Houston

by Taylor Williams May 2, 2025

HOUSTON — Locally based brokerage firm Finial Group has negotiated a 50,600-square-foot industrial lease renewal in northwest Houston. The tenant is Book Trolls Management Inc., and the space is located at 9600 Bamboo Road. According to LoopNet Inc., the single-tenant property was built on 3.3 acres in 1977. Chase Tucker of Finial Group represented the undisclosed landlord in the lease negotiations.

May 2, 2025

Acquisitions California Retail Western

Marcus & Millichap Arranges Sale of 47,685 SF Warner-Euclid Shopping Center in Fountain Valley, California

by Amy Works May 2, 2025

FOUNTAIN VALLEY, CALIF. — Marcus & Millichap has brokered the sale of Warner-Euclid Plaza, a retail property located at 11035 Warner Ave. in Fountain Valley. A private seller sold the asset to a private investor for an undisclosed price. Ron Duong and Tyler Leeson of Marcus & Millichap represented the seller and procured the buyer. Anchored by Stater Bros., Warner-Euclid Plaza offers 47,685 square feet of retail space.

May 2, 2025

Acquisitions Midwest Missouri Office

Altus Properties Sells 10-Story CIBC Place Office Building in St. Louis

by Kristin Harlow May 2, 2025

ST. LOUIS — Altus Properties has sold CIBC Place, a 170,157-square-foot, 10-story office building located at 1401 S. Brentwood Blvd. in St. Louis. Bryan King of King Realty Advisors represented the buyer, and the seller was unrepresented. The purchaser was Jim Onder, attorney and founder of the OnderLaw firm, according to the St. Louis Business Journal. The buyer will occupy about 6,000 square feet, leaving the building fully leased. Altus was retained as property manager.

May 2, 2025

Acquisitions Retail Texas

Headwall Investments Buys 5,920 SF Retail Strip Center in Fort Worth

by Taylor Williams May 2, 2025

FORT WORTH, TEXAS — San Antonio-based Headwall Investments has purchased River District Plaza, a retail strip center in Fort Worth. According to LoopNet Inc., the center was built in 2020 and totals 5,920 square feet. The property was fully leased at the time of sale to three tenants: Wingstop, No Place Like Home and Rustic on the River. The seller and sales price were not disclosed.

May 2, 2025

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