Friday, August 14, 2026
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MultifamilyTexas

CARROLL ORGANIZATION BUYS TWO LUXURY MULTIFAMILY PROPERTIES

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HOUSTON — Atlanta-based Carroll Organization has acquired two luxury residential communities in Houston's Energy Corridor: the 330-unit Waterford on Westheimer and the 330-unit Villas at Westheimer. Waterford on Westheimer features a swimming pool, outdoor grill, billiard room, coffee bar and sundeck. Villas at Westheimer features a resort-style swimming pool, outdoor gas and charcoal grills, computer lounge, fitness center, auto detailing services and lush landscaping. Carroll Organization now owns seven multifamily communities in Houston totaling 2,476 units. The company has completed more than $400 million of multifamily acquisitions during the past 18 months.

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RetailTexas

COHEN BROKERS SALE OF WILLOWCHASE SHOPPING CENTER

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HOUSTON — New York City-based Cohen Real Estate has arranged the sale of Willowchase Shopping Center, a 273,274-square-foot center located at 12792 Willow Chase Drive in Houston. A 92,818-square-foot Fiesta Mart anchors the shopping center, which is 85 percent leased to tenants such as Jo-Ann Fabrics, Family Dollar and Dots. Helen Putterman and Vera Thomas of Cohen Real Estate procured the buyer, Houston-based Fidelis Capital Partners, in the transaction. Putterman and Thomas also represented the seller, Virginia Beach, Va.-based Wheeler Interests.

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RetailTexas

GBT REALTY COMPLETES CONSTRUCTION OF MCPHERSON PLACE

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LAREDO, TEXAS — GBT Realty, a real estate developer based in Brentwood, Tenn., has completed the construction of the 10,000-square-foot McPherson Place, a retail development located on the corner of Bob Bullock Loop and McPherson Road in Laredo. The new property is fully leased to four retailers: James Avery, Orange Leaf, Starbucks Coffee Co. and AT&T. Including McPherson Place, GBT Realty's total number of developments in Texas is 77.

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HealthcareTexas

MANSOUR GROUP SELLS CONCENTRA URGENT CARE MEDICAL CENTER

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ARLINGTON, TEXAS — The Mansour Group of Marcus & Millichap has arranged the sale of Concentra Health Services, an 8,462-square-foot urgent care medical center located along Interstate 20 in Arlington. The property is located adjacent to Arlington Highlands, an 825,000-square-foot retail center. Alvin Mansour of The Mansour Group represented the seller, a developer, in the transaction. Mansour is an investment specialist in Marcus & Millichap's San Diego office. The buyer was an out-of-state private investor.

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RetailWestern

BEST BUY BUILDING IN MODESTO SELLS FOR $6M

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MODESTO, CALIF. — A 45,950-square-foot retail property in Modesto that is leased to Best Buy has sold to an unnamed buyer for $6 million. It is located off State Highway 99 and Sisk Road. There are seven years remaining on Best Buy’s 20-year, absolute triple-net lease. The lease also offers three, five-year renewal options with rental increases every five years. Rod Pickney and Chad Byerly of Stan Johnson Company represented the unnamed seller in this transaction.

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IndustrialWestern

VALLEY PALLET LEASES 42,000 SF AT BUCKEYE INDUSTRIAL CENTER II IN PHOENIX

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PHOENIX — Valley Pallet has leased a 42,000-square-foot building inside the Buckeye Industrial Center II in Phoenix. The center is located at 5707 W. Buckeye Road. The pallet manufacturing and recycling company was represented by Greg Dodge of Cassidy Turley Arizona’s Industrial Group. The landlord, DF Properties, was represented by Andy Cloud of the same group.

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MultifamilyWestern

THE CORTINA APARTMENTS IN PHOENIX CHANGES HANDS

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PHOENIX — The Cortina Apartments, a 104-unit multifamily community in Phoenix, has sold to Jupiter Investment Group for an undisclosed sum. The community was 94 percent occupied at the time of sale. It is located at 11 E. Bell Road. Jupiter Investment represented itself in this transaction, while the unnamed seller was represented by Tyler Anderson, Sean Cunningham and Asher Gunter of CBRE’s Phoenix office.

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MultifamilyWestern

BARTON VINEYARD APARTMENTS IN REDLANDS RECEIVES $32.7M REFINANCE

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REDLANDS, CALIF. – The 296-unit Barton Vineyard Apartments in Redlands has received a $32.7-million refinance. The Class A community is located at 26630 Barton Road. The 10-year loan features a 2.31 percent adjustable interest rate and a 30-year amortization schedule. It was arranged by Rob Cantizano of Berkeley Point Capital through Fannie Mae’s Structured ARM program.

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HospitalityWestern

EMBASSY HOTEL CHANGES HANDS IN SANTA MONICA

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SANTA MONICA, CALIF. – The 38-room Embassy Hotel in Santa Monica has sold to Lighthouse Investments and Paligroup for an undisclosed sum. The duo worked in partnership with a local private equity firm. The 1927 boutique beach lodge is currently undergoing a renovation that will convert it to the Paligroup’s signature hotel product. It will open as Palihouse Santa Monica this summer. The seller was represented by Rod Apodaca and Bob Kaplan of CBRE Hotels and by Laurie Lustig-Bower and Kamran Paydar of CBRE’s Century City office. Joint venture equity and debt financing, which covered the acquisition and renovation, was facilitated by Tim Meier, Nicholas White and ScottEschelman of Preferred Capital Advisors.

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