Property Type

Gibbins Kaplan Development, Capstone Partners Complete 97-Unit Arts Plaza Apartments in Gresham, Oregon

by Amy Works February 7, 2025

GRESHAM, ORE. — Gibbin Kaplan Development and Capstone Partners have completed the construction of Arts Plaza Apartments, a four-story multifamily property at 492 NE Second St. in Gresham. The $26 million community offers 20 studios, 48 one-bedroom units, 21 two-bedroom floor plans, three three-bedroom units and five live/work units, all ranging from 442 square feet to 1,172 square feet. The 82,000-square-foot property offers 950 square feet of ground-floor retail space, which is occupied by Autumn Coffee Roasting, as well as a rooftop terrace, fitness studio, resident courtyard, barbecue area and fire pit, and a 20-foot mural by Wesi Murals (Christian Téllez) and Portland, Ore.-based Wonderfolk. The project team included Team Construction and MWA Architects. CloudTen Residential is handling leasing and management of the property.

February 7, 2025

California Industrial Loans Western

Gantry Secures $11M in Refinancing for Two Bay Area Industrial Buildings

by Amy Works February 7, 2025

SANTA CLARA AND SAN JOSE, CALIF. — Gantry has secured an $11 million permanent loan to refinance two industrial properties in Santa Clara and San Jose. Totaling 78,250 rentable square feet, the properties are a flex-industrial building at 3175 De La Cruz Blvd. in Santa Clara and a single-tenant industrial facility at 1941 Ringwood Ave. in San Jose. Murphy Osborne and Alex Poulos of Gantry’s San Francisco office represented the borrower, a private real estate investor, in the financing. The 10-year, fixed-rate, cross-collateralized loan was secured through one of Gantry’s correspondent life company lenders. Terms include prepayment flexibility and 25-year amortization.

February 7, 2025

Acquisitions Arizona Office Western

CBRE Arranges Sale of 29,806 SF Scottsdale Executive Square Office Building in Arizona

by Amy Works February 7, 2025

SCOTTSDALE, ARIZ. — CBRE has brokered the sale of Scottsdale Executive Square, an office property located at 13951 N. Scottsdale Road in Scottsdale. A Southern California-based private buyer acquired the asset from an undisclosed seller for $4.8 million. Built in 1993, the two-story, 29,806-square-foot Scottsdale Executive Square was 98.1 percent leased at the time of sale to 19 local and regional office and medical tenants. Geoffrey Turbow and Philip Wurth of CBRE represented the seller in the deal.

February 7, 2025

Acquisitions California Restaurant Retail Western

DAUM Commercial Brokers Sale of 5,000 SF Mama Lu’s Dumpling House in Arcadia, California

by Amy Works February 7, 2025

ARCADIA, CALIF. — DAUM Commercial Real Estate Services has arranged the purchase of a 5,000-square-foot restaurant space in Arcadia. Dream1212 LLC, the owner of Mama Lu’s Dumpling House, acquired the property from an undisclosed seller for $4 million. The traditional Chinese restaurant occupies the restaurant space at 1212 S. Baldwin Ave. The Arcadia property serves as Mama Lu’s sixth location. Rudy Lara, Nick Peukpiboon, Nathan Lara and Andrew Lara of DAUM represented the buyer in the deal.

February 7, 2025

Industrial Leasing Activity Texas

Holt Lunsford Negotiates 25,400 SF Industrial Lease Renewal in Fort Worth

by Taylor Williams February 7, 2025

FORT WORTH, TEXAS — Holt Lunsford Commercial has negotiated a 25,400-square-foot industrial lease renewal in Fort Worth. The tenant, The Rios Group, which provides utilities engineering and consulting services, will remain a tenant at the 32-building, 1.4 million-square-foot Riverbend Business Park. Grayson Fleitz and George Jennings of Holt Lunsford represented the landlord, Riverbend Properties, in the lease negotiations. The tenant was self-represented.

February 7, 2025

Acquisitions Retail Texas

STRIVE Arranges Sale of 17,112 SF Retail Strip Center in Mansfield, Texas

by Taylor Williams February 7, 2025

MANSFIELD, TEXAS — Locally based brokerage firm STRIVE has arranged the sale of Village at Broad II, a 17,112-square-foot retail strip center in Mansfield, a southern suburb of Fort Worth. The center was fully leased at the time of sale to tenants such as The Mill breakfast restaurant, TeaLatte Bar, SugaringNYC and fitness concept F45 Training. Hudson Lambert of STRIVE represented the locally based seller and procured the Nebraska-based buyer in the transaction. Both parties requested anonymity.

February 7, 2025

Development Life Sciences New Jersey Northeast

BeiGene Opens 400,000 SF Life Sciences Facility in Hopewell, New Jersey

by Taylor Williams February 7, 2025

HOPEWELL, N.J. — BeiGene, a global biotech firm that develops cancer medicines, has opened a 400,000-square-foot life sciences facility in Hopewell, a suburb of Trenton. The manufacturing and research facility is situated on a 42-acre site within the Princeton West Innovation Campus that was previously home to pharmaceutical giant Bristol Myers Squibb. Lincoln Equities Group owns Princeton West Innovation Campus. Philadelphia-based architecture firm Meyer designed the project, and other partners included Integrated Project Services, Mainstay Engineering Group, Van Note-Harvey Associates and DPR Construction. The project was announced in late 2021, and construction topped out in spring 2023.

February 7, 2025

Development Kansas Life Sciences Midwest

JE Dunn, Hutton Break Ground on $172.5M Wichita Biomedical Campus in Kansas

by Kristin Harlow February 7, 2025

WICHITA, KAN. — General contractor partners JE Dunn and Hutton have broken ground on the Wichita Biomedical Campus (WBC), a $172.5 million project rising eight stories and totaling 350,000 square feet in Wichita. The development marks a partnership among Wichita State University (WSU), The University of Kansas (KU) and WSU Tech. The consortium of schools enlisted the design team of Kansas City-based Helix Architecture + Design and Los Angeles-based CO Architects for the interdisciplinary healthcare education destination that will combine several programs into one location. WSU’s College of Health Professions and Speech-Language-Hearing Clinic, WSU Tech’s nursing and surgical tech programs and the Wichita campuses of KU School of Medicine and KU School of Pharmacy will collocate at the new campus. Completion of the WBC is slated for 2026. A street-facing, three-story pavilion will house three 80-seat classrooms and will easily convert into an events venue. A portion of the pavilion’s roof will be an outdoor terrace. Inside, shared learning spaces will include advanced laboratories and simulation rooms for hands-on training. The building is designed to accommodate approximately 3,000 students and 200 faculty and staff. The project team also includes mechanical, electrical and plumbing engineer Henderson Engineers, structural engineer KPFF, civil …

February 7, 2025

Loans Midwest Minnesota Multifamily Seniors Housing

Thorofare Capital Provides $42.9M Loan for Refinancing of Active Adult Community Near Minneapolis

by Kristin Harlow February 7, 2025

ST. LOUIS PARK, MINN. — Thorofare Capital, an affiliate of asset management platform Callodine Group LLC, has provided a $42.9 million bridge loan to refinance Risor of St. Louis Park, a 170-unit active adult community in the Minneapolis suburb of St. Louis Park. The borrower, Roers Cos., will use the financing primarily to retire an existing construction loan on the Class A property at 3510 Beltline Blvd. Completed in November 2023, the community is 78 percent leased. The six-story building features an interior courtyard and 4,000 square feet of ground-floor retail space. Amenities include a coffee bar, golf simulator, pet wash, fitness center, movie theater, library lounge, clubroom, pool, spa and pickleball court. Scott Loving, William Hintz, Scott Streiff and Gary Marchiori of JLL arranged the loan.

February 7, 2025

Acquisitions Illinois Industrial Midwest

Westmount Realty Capital Acquires Nine-Building Industrial Portfolio in Metro Chicago

by Kristin Harlow February 7, 2025

CHICAGO — Westmount Realty Capital has acquired a nine-building industrial portfolio in metro Chicago for an undisclosed price. Called the Chicago Shallow-Bay portfolio, the buildings total 390,781 square feet and are located in four submarkets. At the time of sale, the portfolio was 91 percent leased to 37 tenants spanning 28 industries, including office, medical and automotive suppliers, and home restoration. Kurt Sarbaugh and Sean Devaney of JLL represented the seller, Unilev Capital and its partner, a Palladius Capital Management affiliate, Mandalay Industrial. Jeff Sause and Brian Walsh of JLL supported financing for the transaction.

February 7, 2025

Newer Posts

Older Posts