Friday, November 6, 2026
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LoansMidwestMinnesotaMultifamily

Gantry Arranges $48.3M in Financing for Multifamily Property in Maple Grove, Minnesota

by Kristin Harlow

MAPLE GROVE, MINN. — Gantry has arranged a $48.3 million permanent Freddie Mac loan to retire construction financing for The Edison at Maple Grove, a multifamily property in Maple Grove, about 20 miles northwest of Minneapolis. The two-building, five-story asset features 248 units along with two stories of heated underground parking and an additional 149 surface parking spaces. Floor plans include one-, two- and three-bedroom layouts. Amenities include a pool, rooftop clubhouse, business center, fitness center, dog park and playground. Joe Monteleone and Bonnie Monteleone of Gantry represented the borrower, a private real estate investor. The 10-year, fixed-rate loan features interest-only payments for the full term.

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buford-business-center
DevelopmentGeorgiaIndustrialSoutheast

Joint Venture Delivers 686,400 SF Speculative Industrial Park in Buford, Georgia

by Abby Cox

BUFORD, GA. — A joint venture between Trammell Crow Co. and a consortium led by CBRE Japan has delivered Buford Creek Business Center, a three-building, 686,400-square-foot speculative industrial park located in Buford, a northeast suburb of Atlanta in Gwinnett County. Building 100 at Buford Creek Business Center is a 349,440-square-foot cross-dock warehouse with 40-foot clear heights and 64 trailer parking spaces. Buildings 200 and 300, which are both rear-load buildings, each total 168,400 square feet and include 36-foot clear heights with 40 and 24 trailer parking spots, respectively. Todd Barton, Mark Hawks, Joanna Blaesing and Matt Higgins of CBRE are leasing the project on behalf of ownership. The project team included architect Atlas Collaborative and general contractor The Conlan Co.

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Greenbrier Commerce Center
AlabamaDevelopmentIndustrialSoutheast

Pattillo Breaks Ground on 262,880 SF Industrial Facility in Huntsville

by Abby Cox

HUNTSVILLE, ALA. — Pattillo Industrial Real Estate has broken ground on Greenbrier Commerce Center, a new 262,880-square-foot industrial development in Huntsville. The Atlanta-based development firm plans to deliver the facility in August 2027. Tripp Alexander, Joe Azar and Miller Conaway of Colliers will lead leasing and marketing efforts for the development. Situated near the Port of Huntsville, Greenbrier Commerce Center will be able to accommodate single or multiple users, with spaces ranging in size from 50,000 to 262,880 square feet. Upon completion, the facility will feature 32-foot clear heights, 46 dock-high doors, two drive-in doors, 156 car parking spaces and 65 off-dock trailer spaces, along with ESFR fire protection, clerestory windows and concrete tilt-panel construction. The development will also provide an adjacent build-to-suit site of up to 254,200 square feet. Planned to be pad-ready in 2027 as part of the initial development, the site will offer users the flexibility to accommodate future expansion or pursue a facility tailored to their specific operational requirements.

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FloridaLeasing ActivityOfficeSoutheast

Blanca Signs 117,764 SF of Office Leases at Waterford Business District in Miami

by Abby Cox

MIAMI — Blanca Commercial Real Estate has signed 15 leases at Waterford Business District, a 250-acre office campus located adjacent to Miami International Airport. Totaling 117,764 square feet, the transactions include 47,851 square feet of new leases and 69,913 square feet of renewals with tenants across a mix of industries such as life sciences, logistics, insurance, maritime, hospitality, professional services and international business operations. New leases at Waterford Business District include Greenvine Insurance (26,014 square feet); Megalabs USA (9,703 square feet); Fresh Dining Concepts (7,944 square); KOTUG Americas (2,673 square feet); and RPL International Group (1,517 square feet). Recent lease renewals include Regus (24,181 square feet); Estee Lauder Travel Retail Services (10,276 square feet); Victor, Shaw & McCue (8,475 square feet); Ultragenyx Pharmaceutical (6,897 square feet); Yamaha Motor Distribution LATAM (5,673 square feet); Globant LLC (3,826 square feet); Jamaica Tourist Board (3,664 square feet); First American Services (2,984 square feet); Rolls-Royce Solutions (2,489 square feet); and CargoBot (1,448 square feet). The tenant reps for these deals included CBRE, State Street Realty, Blanca Commercial Real Estate, Lokation Real Estate, Cresa, JLL, Newmark, Cushman & Wakefield, Vitalis Properties, Easton & Associates, Colliers and Brickss Real Estate Co. A joint venture between Nuveen Real …

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DevelopmentRetailSoutheastVirginia

Nordstrom Rack to Open 30,000 SF Store at Westpark Shopping Center in Metro Richmond

by Abby Cox

GLEN ALLEN, VA. — Nordstrom Inc. will open a new 30,000-square-foot Nordstrom Rack store at Westpark Shopping Center, a 179,973-square-foot retail power center located at 9645 Broad St. in Glen Allen, a northern Richmond suburb in Henrico County. The new store will backfill the former Painted Tree Boutiques store at the center. Other tenants at Westpark include Planet Fitness, Chicken Salad Chick, GolfTec, The Tile Shop and Crumbl Cookie. James Ashby IV and Annie O’Connor Brosius of Cushman & Wakefield | Thalhimer handled the lease negotiations on behalf of the landlord, InvenTrust Properties, an Illinois-based real estate investment trust (REIT) that purchased the property in 2015.

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Haggard Hall - Exterior Rendering
DevelopmentMixed-UseTexasTop Stories

Stillwater Capital Underway on $750M Haggard Farm Mixed-Use Development in Plano, Texas

by Abby Cox

PLANO, TEXAS — Dallas-based Stillwater Capital is making significant progress on Haggard Farm, a 142-acre mixed-use district located in the Dallas suburb of Plano. Construction began on the initial phase of the planned $750 million campus in December 2023. Stillwater Capital has surpassed $300 million in investment of Haggard Farm’s first phase, which will feature a 180,000-square-foot retail village, a 350-unit apartment community called The Bowen, 188 luxury townhomes, hike-and-bike trails and a 3-acre neighborhood park. The Haggard Farm project is transforming a site at the intersection of Spring Creek Parkway and Parkwood Boulevard that has been largely undeveloped for more than 170 years, since the Haggard Family first acquired and farmed the land in 1856, as reported by Plano Economic Development.  “Haggard Farm is one of Dallas-Fort Worth’s most exciting projects — a curated collection of shopping, dining, hospitality and residential components inspired by the unique character of this land and delivered as a single cohesive environment,” says Clay Roby, managing director of Stillwater Capital. Developed in partnership with The Retail Connection and Dallas-based hospitality concept Woodhouse, the retail village at Haggard Farm is slated to open in the fall of 2027. Anchored by two original concepts from Woodhouse — Almanac and …

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IdahoMarket ReportsOfficeWesternWestern Market Reports

Boise Office Market Gains Ground Ahead of Micron’s Expansion

by John Nelson

— By Patrick Shalz of TOK Commercial — Amid an office landscape that remains uneven nationally, the Boise MSA continues to distinguish itself with steady fundamentals, improving vacancy and rising rents. The market remained on solid footing through the second quarter of 2026. Overall vacancy held steady at 6.6 percent, down from 7.2 percent one year ago. It has remained remarkably consistent throughout the first half of the year, fluctuating by just one-tenth of a percentage point.  Multi-tenant vacancy also improved, declining to 10.2 percent from 10.5 percent a year earlier, reflecting continued demand for quality multi-tenant space. Overall asking lease rates reached a record high of $23 per square foot (full-service, annual), with nearly every submarket posting year-over-year rent growth. Class A asking rates also strengthened, increasing 2 percent from last year to $25.50 per square foot.  Leasing activity shifted toward larger transactions in the first half of 2026. Although the total number of office transactions declined nearly 10 percent year over year, net absorption increased 36 percent, indicating that tenants leased larger blocks of space than in the prior year. Smaller suites account for the majority of activity, but their share of the market softened with spaces of …

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FeaturesHeartland Feature ArchiveHospitality

Ten Legal Due Diligence Priorities for Hotel Investors

by Kristin Harlow

By Tim Franzen, Ginsberg Jacobs Nearly 30 years as a principal sponsor of hundreds of hospitality real estate investments have shaped how I approach legal due diligence. Hotel deals rarely fail because someone missed an obscure legal technicality. They fail because buyers, lenders and even counsel didn’t fully understand the business implications of key property and operational issues. The franchise agreement that looked standard triggered a property improvement plan. The management contract that seemed reasonable made the operator nearly impossible to remove. The union agreement exposed the owner to unexpected pension liabilities. The following due diligence priorities aren’t exhaustive, nor are they a substitute for experienced legal counsel. But if you can confidently address each of them before going hard on a hotel acquisition, you’ll be in a far stronger position than most investors. 1. Understand what you’re actually buying. Hotel acquisitions involve far more than real estate. In addition to land and buildings, you may be acquiring management agreements, franchise rights, liquor licenses, union obligations, equipment leases and vendor contracts. Hotels are operating businesses, not just real estate assets. Before closing, your legal team should identify what transfers automatically, what terminates and what requires third-party consent. Pay particular attention …

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CivicTexas

TEP Recapitalizes 1.6 MSF National Civic Portfolio

by Taylor Williams

DALLAS — An affiliate of Dallas-based investment firm Tanenbuam Equity Partners (TEP) has recapitalized a portfolio of 98 civic properties totaling 1.6 million square feet. The properties are scattered across 24 states and are primarily leased to 30 different federal government agencies. The recapitalization consists of senior debt from Centennial Bank, a preferred equity investment from Eagle Point Credit Management and existing common equity controlled by TEP’s principals. The portfolio, which is now valued at approximately $450 million, had an occupancy rate of about 98 percent and a weighted average remaining lease term of about 5.2 years at the time of the recapitalization. Raymond James advised TEP on the transaction.

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AcquisitionsIndustrialSelf-StorageTexas

Marcus & Millichap Brokers Sale of 382-Unit Self-Storage Facility in Lake Jackson, Texas

by Taylor Williams

LAKE JACKSON, TEXAS — Marcus & Millichap has brokered the sale of Brazos E-Z Storage, a 382-unit self-storage facility in Lake Jackson, about 55 miles south of Houston. Built on 3.4 acres in 1974, the facility offers climate-controlled and drive-up storage units, as well as outdoor parking spaces, for a total of 44,178 net rentable square feet. Dave Knobler, Charles LeClaire, Adam Schlosser and Mixson Staffel of Marcus & Millichap represented the Houston-based seller in the transaction and procured the Michigan-based buyer. Both parties requested anonymity.

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