Property Type

Legacy Partners, DWS Start Construction on 433-Unit Apartment Project in Scottsdale, Arizona

by Amy Works June 20, 2025

SCOTTSDALE, ARIZ. — A joint venture between Legacy Partners and DWS has commenced construction of Olea Scottsdale, a multifamily community in Scottsdale. Olea Scottsdale will feature 325 garden-style apartments in 14 buildings and 108 townhomes spread across 24 buildings. Delivery of the townhomes is slated for summer 2027, with apartments scheduled for fall 2027. KTGY is serving as architect and an affiliate of Houston-based The Dinerstein Cos. is serving as general contractor and co-investor for the project.

June 20, 2025

Acquisitions Office Washington Western

Shorenstein Investment Advisers Divests of Three Office Buildings in Bellevue, Washington

by Amy Works June 20, 2025

BELLEVUE, WASH. — Shorenstein Investment Advisers has completed the sales of three office buildings in Bellevue’s The Spring District in two separate transactions. Funds affiliated with Blackstone Real Estate acquired a joint-control interest in Blocks 5 and 6 from Shorenstein, while Drawbridge Realty, a KKR partner, purchased Block 13 from Shorenstein and Wright Runstad & Co. The properties were each developed as build-to-suit office buildings for Meta. Terms of the transactions were not disclosed. Blocks 5 and 6 consist of two, 11-story buildings that total 670,000 square feet. While both buildings are leased long-term to Meta, the entirety of Block 6 was recently subleased to Snowflake, which moved into the building in May. Block 13 is a nine-story, 200,000-square-foot property.

June 20, 2025

Acquisitions Multifamily Oregon Washington Western

Pacific Urban Investors Acquires Two Multifamily Properties in Oregon, Washington

by Amy Works June 20, 2025

TIGARD, ORE., AND BELLEVUE, WASH. — Palo Alto, Calif.-based Pacific Urban Investors has purchased two apartment communities in Oregon and Washington. Terms of the transactions were not released. The company acquired Meadow Creek, a 304-unit multifamily in Tigard, that has been renamed Ansley Murrayhill. Built in 1985, the two-story, garden-style property features 608 parking spaces, a clubhouse, fitness center, game room, swimming pool, spa, racquetball court and a dog park. Pacific Urban Investors also purchased Edgewood Park, a 195-unit property in Bellevue, that has been renamed Alder Bellevue. The low-density, garden-style community offers 372 parking spaces, two swimming pools, a fitness center and ample green space.

June 20, 2025

Acquisitions Industrial Nevada Western

Dalfen Industrial Expands Las Vegas Footprint with Purchase of 143,763 SF Logistics Center

by Amy Works June 20, 2025

LAS VEGAS — Dalfen Industrial has acquired Diablo Logistics Center, a two-building industrial asset located at 5075 and 5175 W. Diablo Drive in Las Vegas. Terms of the transaction were not released. Built in 2002, Diablo Logistics Center offers 143,763 square feet of industrial space that is fully leased to seven tenants. The buildings feature 160-foot truck courts, 24-foot clear heights, a total of 44 dock-high doors and 18 grade-level doors.

June 20, 2025

Acquisitions California Retail Western

Hanley Investment Group Arranges $7M Sale of Single-Tenant Retail Property in Chino, California

by Amy Works June 20, 2025

CHINO, CALIF. — Hanley Investment Group Real Estate Advisors has arranged the $7 million sale of a newly constructed, 5,596-square-foot single-tenant retail property located within the master-planned community of The Preserve in Chino. A 7-Eleven convenience store — which also features a Laredo Taco Co. quick-service restaurant and 12 fuel pumps — occupies the site on a 15-year, triple-net-lease basis with 10 percent rental increases every five years. Jeremy McChesney and Andrew Sprowl of Hanley represented the developer and seller, Ledo Capital Group, in the transaction. Adam Bloom of Lee & Associates represented the buyer, a private investor. Hanley Investment Group has facilitated the sale of 52 7‑Eleven retail properties in the past six years.

June 20, 2025

Acquisitions Midwest Minnesota Multifamily Seniors Housing

New Perspective Acquires Five Senior Living Communities in Metro Twin Cities

by Kristin Harlow June 20, 2025

MINNESOTA — New Perspective, a Minnetonka, Minn.-based senior living company, has acquired five properties in the Twin Cities metro area. The communities are located in White Bear Lake, Oakdale, Golden Valley, Rosedale and Minnetonka. Each of the properties offers assisted living and memory care services. Amenities include communal spaces, wellness and recreational programs and chef-prepared meals.

June 20, 2025

Development Industrial Kansas Midwest

Standard Motor Products Opens 574,732 SF Distribution Center in Shawnee, Kansas

by Kristin Harlow June 20, 2025

SHAWNEE, KAN. — Standard Motor Products Inc. has opened its new distribution center at Heartland Logistics Park Building II in Hunt Midwest’s industrial park in Shawnee. Hunt Midwest built the 574,732-square-foot facility as a spec-to-suit logistics hub. Heartland Logistics Park offers tenants the ability to reach 282 million consumers within two-day shipping, according to Hunt Midwest. The park is located less than a half mile from K-7, which provides access to I-70, I-435 and I-35. Standard Motor Products relocated its Edwardsville, Kan., facility to Heartland Logistics Park. Building II offers 200,000 more square feet than the Edwardsville location and supports more advanced warehouse management technology.

June 20, 2025

Acquisitions Illinois Loans Midwest Multifamily

Concord Summit Capital Arranges $25.1M Bridge Loan for Chicago Apartment Building

by Kristin Harlow June 20, 2025

CHICAGO — Concord Summit Capital LLC has arranged $25.1 million in bridge financing for the acquisition of The Archer, a 68-unit apartment building in Chicago’s Gold Coast neighborhood. The funding enabled an existing limited partner to acquire full control of the asset from the general partner and initiate a renovation of the remaining units. Daniel Eidson and Ben Applebaum of Concord Summit sourced the financing on behalf of the borrower, YK Investments. The nonrecourse loan features a 100 percent loan-to-cost ratio. Located at 1211 N. LaSalle St., The Archer offers one- and two-bedroom layouts.

June 20, 2025

Development Healthcare Midwest Minnesota

Kraus-Anderson Completes $24M Medical Office Building in Windom, Minnesota

by Kristin Harlow June 20, 2025

WINDOM, MINN. — Kraus-Anderson has completed a $24 million medical office building for Windom Area Health (WAH) in Windom within southern Minnesota. WAH partnered with Sanford Health to develop a 52,000-square-foot clinic expansion owned by the City of Windom and funded by WAH. Sanford occupies the first floor, leasing the space from WAH. Designed by Pope Architects, the building at 2150 Hospital Drive houses Sanford Health Clinic, Windom Specialty Clinics and a third-floor shell space to accommodate future growth. Specialty clinics include OB/GYN, orthopedics, general surgery, pain management, mental health, integrative health and foot care. The building also includes a wellness center, gym and kitchenette that is available to the community. Construction began in October 2023.

June 20, 2025

Acquisitions Illinois Midwest Multifamily Retail

Interra Realty Brokers $5.9M Sale of Apartment, Retail Property in Chicago

by Kristin Harlow June 20, 2025

CHICAGO — Interra Realty has brokered the $5.9 million sale of 6642-6652 N. Clark St., a 42-unit apartment and retail building in Chicago’s Rogers Park neighborhood. The sale also included an adjacent parking lot at 6654 N. Clark St. Brad Feldman of Interra represented the buyer, Imran Khan, and the seller, George Triff. The property, which was fully occupied at the time of sale, features six studios, 28 one-bedroom units, two two-bedroom apartments and six retail units. Constructed in 1928, the three-story building presents a value-add opportunity for the buyer, who plans to renovate units, upgrade building systems and reconfigure some apartments to add bedrooms.

June 20, 2025

Newer Posts

Older Posts