Property Type

Cushman & Wakefield Arranges 33,827 SF Office Lease for MSC Cruises in Fort Lauderdale

by John Nelson April 28, 2025

FORT LAUDERDALE, FLA. — Cushman & Wakefield has arranged a 33,827-square-foot lease for MSC Cruises USA, the North American arm of the Geneva, Switzerland-based international cruise line, at BayView Corporate Tower in Fort Lauderdale. MSC Cruises USA will expand its office by 15,000 square feet, using the sixth floor of the tower to house its finance, outbound sales, IT and human resource teams. The lease will expand the company’s presence in South Florida ahead of the opening of its North American Cruise Division Headquarters in downtown Miami’s Sawyer’s Walk development. Deanna Lobinsky and Chase Kulp of Cushman & Wakefield represented the landlord, Somerset Properties, and its equity partners, while Alan Kleber, Tyler Reynolds and Scott Quick of Cushman & Wakefield represented MSC Cruises USA. Situated at 6451 North Federal Highway, BayView Corporate Tower was originally built in 1973 and renovated in 2019. Amenities at the property — which totals 413,000 square feet — feature a conference facility, gym, café/lounge, gift shop and a five-story covered parking garage.

April 28, 2025

California Loans Mixed-Use Multifamily Restaurant Retail Western

Dwight Mortgage Provides $48M Construction Loan for Multifamily Project in San Diego

by Amy Works April 28, 2025

SAN DIEGO — Dwight Mortgage Trust, an affiliate REIT of Dwight Capital, has provided a $48 million construction loan for GH 25, a planned multifamily development in San Diego. CAST Development is the borrower and project developer. The loan will be used alongside sponsor equity to fund construction, establish an interest reserve and cover transaction costs for the borrower. The eight-story project will offer 114 studio, one- and two-bedroom apartments with ceiling heights up to 10 feet, floor-to-ceiling glass windows and private balconies. Onsite amenities will include a seventh-floor amenity terrace with a plunge pool, fire pits, barbecues and lounge areas. GH 25 will also feature 3,250 square feet of ground-floor retail space and commercial space anchored by a restaurant and wine bar concept. TFWA Architects is serving as architect for the project.

April 28, 2025

California Industrial Leasing Activity Western

Lionext Leases 106,110 SF Distribution Facility in Santa Fe Springs, California

by Amy Works April 28, 2025

SANTA FE SPRINGS, CALIF. — Lionext Inc. has signed a deal to occupy a 106,110-square-foot distribution facility in Santa Fe Springs. The 10-year lease is valued at $22 million. Ryan Campbell of NAI Capital Commercial represented the tenant, while Joel Hutak and Phillip De Rousse of Lee & Associates represented the landlord, Kekropia Inc., in the deal. Located at 11650 Burke St., the Class A facility offers a clear height of 32 feet at the first column, 16 dock-high positions, two grade-level doors, approximately 7,000 square feet of office space and a large fenced yard with drive-around truck access. Built in 2011, the building also features ESFR sprinklers, 2.5 percent skylights, 50-foot by 52-foot column spacing and a 200-foot shared concrete truck court. Additionally, the asset is located near 605 Freeway.

April 28, 2025

California Development Restaurant Retail Western

ALMQUIST to Open 20,000 SF Culinary Food Hall in Whittier, California

by Amy Works April 28, 2025

WHITTIER, CALIF. — San Juan Capistrano, Calif.-based ALMQUIST will open Rodeo 72, a 20,000-square-foot food hall in Whittier. The food hall is being created in a building that once housed a juvenile correctional facility. Rodeo 72 will contain 15 food-and-beverage concepts, a bar and a community-driven space for live music, local art and pop-up events. Additionally, tattoo studio Grailed Galley will also open inside Rodeo 72. The food hall is scheduled to open Saturday, May 3. ALMQUIST has also developed Rodeo 39 Public Market in Stanton, Calif., and Rodeo at River Street in San Juan Capistrano.

April 28, 2025

Acquisitions Arizona Healthcare Western

Cushman & Wakefield | PICOR Brokers Sale of 15,000 SF Medical Office Building in Tucson, Arizona

by Amy Works April 28, 2025

TUCSON, ARIZ. — Cushman & Wakefield | PICOR has arranged the sale of a medical investment property located at 4881 E. Grant Road in Tucson. Elliott Bay Medical Properties Holdings LLC acquired the asset from a private investment group for $5.5 million. Pain Institute of Southern Arizona occupies the 15,000-square-foot property on a long-term lease. Bryce Horner of Cushman & Wakefield | PICOR represented the seller in the deal.

April 28, 2025

Acquisitions California Retail Western

Avison Young Negotiates $2.2M Sale of Retail Property in Hemet, California

by Amy Works April 28, 2025

HEMET, CALIF. — Avison Young has negotiated the sale of a single-tenant retail property located at 1735 W. Florida Ave. in Hemet. A California-based limited partnership sold the asset to a California-based private investor for $2.2 million. Harbor Freight Tools occupies the 20,571-square-foot building, which was renovated in 2023. The tenant has approximately 11 years remaining on its absolute triple-net lease. Chris Maling and David Maling of Avison Young represented the seller in the transaction.

April 28, 2025

Loans Midwest Multifamily Ohio

Affinius Capital Provides $73.4M Construction Loan for Multifamily Property in Columbus

by Kristin Harlow April 28, 2025

COLUMBUS, OHIO — Affinius Capital LLC has provided a $73.4 million loan to finance the ground-up development of Rockpointe at Quarry Trails, an eight-building multifamily property in Columbus with 486 garden-style units. Thrive Cos. is the developer. The project marks the fourth phase of the Quarry Trails mixed-use development, which is owned by Thrive. Affinius Capital previously provided a bridge loan for the first phase. Amenities at Rockpointe will include a community kitchen, gaming areas, coworking facilities, a pool and cabanas. The 85-acre Quarry Trails will include 1,045 apartment units, 600 for-sale homes, 28,000 square feet of Class A office space and 30,000 square feet of retail and restaurant space. Residents will have access to kayaking, rock climbing and mountain biking, as the development is located within a natural, unmanicured 220-acre metro park. Chad Kiner, Conor Lee, Grant Proegler and Brody Hoying of BWE arranged the financing.

April 28, 2025

Acquisitions Midwest Multifamily Ohio Student Housing

JLL Brokers Sale of 756-Bed Student Housing Community at Miami University in Ohio

by Kristin Harlow April 28, 2025

OXFORD, OHIO — JLL Capital Markets has brokered the sale of Level 27, a 756-bed student housing community serving Miami University in Oxford. Built in 2006, the 216-unit property features a mix of three- and four-bedroom floor plans with an average unit size of 1,603 square feet. Amenities include a fitness center, private movie theater, gaming lounge, outdoor sports courts and clubhouse with study rooms. Teddy Leatherman, Scott Clifton, Kevin Kazlow, Jack Goldberger and Grace Picchiotti of JLL represented the undisclosed seller. Buyer information was also not provided.

April 28, 2025

Loans Midwest Multifamily Wisconsin

MMCC Arranges $10.4M Loan for Refinancing of Apartment Complex in Appleton, Wisconsin

by Kristin Harlow April 28, 2025

APPLETON, WIS. — Marcus & Millichap Capital Corp. (MMCC) has arranged a $10.4 million loan for the refinancing of Urbane115 Apartments, a 46-unit apartment complex in Appleton. The newly built property, located adjacent to Fox Commons, features a mix of studio to two-bedroom units. Robert Bhat of MMCC arranged agency financing on behalf of the private borrower. The five-year, nonrecourse loan features a 65 percent loan-to-value ratio and an interest rate of 6.1 percent.

April 28, 2025

Acquisitions Midwest Multifamily Wisconsin

Greenstone Partners Negotiates Sale of 56-Unit Multifamily Property in Suburban Milwaukee

by Kristin Harlow April 28, 2025

BROOKFIELD, WIS. — Greenstone Partners has negotiated the sale of PrairieWalk, a 56-unit multifamily property in the Milwaukee suburb of Brookfield, for an undisclosed price. Mandel Group Inc. developed the asset, which was built in 2015. The two-building property features one- and two-bedroom units. Amenities include community rooms, outdoor grills and pet stations. Jordan Multack of Greenstone represented the buyer, Breneman Capital, and the seller, Mandel Group.

April 28, 2025

Newer Posts

Older Posts