Saturday, August 15, 2026
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RetailTexas

ARCH-CON BEGINS CONSTRUCTION OF KROGER MARKETPLACE IN KINGWOOD

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KINGWOOD, TEXAS — Arch-Con Construction has commenced construction on a 123,000-square-foot Kroger Marketplace at the 24-acre Northpark Retail Center III in Kingwood. Northpark Retail Center III includes approximately 25,000 square feet of retail space in addition to the grocery anchor, as well as five outparcels. The development is located at Northpark Drive and Highway 59. The property will be the fourth Kroger Marketplace in the greater Houston area. The project team includes site development architect CDA Architects, site development engineer LJA Engineering and Kroger's architect Robertson Loia Roof. The Kroger Marketplace is slated to open in the fall.

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MultifamilyTexas

M&M BROKERS SALE OF OAK TREE APTS. IN ARLINGTON

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ARLINGTON, TEXAS — Marcus & Millichap has arranged the sale of Oak Tree, a 20-unit apartment complex in Arlington. The community is located at 704 Lynda Lane within a half-mile of The University of Texas at Arlington. Robert Denninger of Marcus & Millichap's Dallas office represented the seller, a limited liability company, in the transaction. Denninger also procured the buyer, a Canadian limited liability company.

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OfficeWestern

TRANSBAY TRANSIT TOWER PARCEL IN SAN FRANCISCO SELLS FOR $192M

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SAN FRANCISCO — A 50,000-square-foot parcel that may soon be home to the West Coast’s tallest tower has sold to Hines and Boston Properties for $192 million, or nearly $4,000 per land foot. The firms plan to construct the 1,070-foot Transbay Transit Tower on the site, which sits adjacent to the future Transbay Transit Center inside San Francisco’s South of Market (SOMA) district. Construction is set to begin on the tower as early as this summer. It is scheduled for completion in 2016, just before the transit facility is due to open. Once the tower tops out, it is anticipated to be the seventh tallest building in the U.S., a title that currently belongs to the Chrysler Building in New York. The 60-story tower is being designed by Pelli Clarke Pelli and built by a partnership between Clark Construction and Hathaway Dinwiddie.

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IndustrialWestern

PROLOGIS TEAMS WITH NORGES BANK ON $3.1B EUROPEAN JOINT VENTURE

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SAN FRANCISCO – Prologis has closed on Prologis European Logistics Partners Sarl (PELP), a $3.1-billion joint venture with Norges Bank Investment Management (NBIM), manager of the Norwegian Government Pension Fund Global. The venture acquired 195 Class A logistics facilities that were wholly owned by Prologis and totaled 49 million square feet. PELP is a 50-50 partnership with an equity commitment of €2.4 billion, which includes a $1.55 billion co-investment by both NBIM andPrologis.

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RetailWestern

BRENEMAN SQUARE IN CHUBBUCK SELLS FOR $3.4M

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CHUBBUCK, IDAHO — Breneman Square, a 19,690-square-foot retail property in Chubbuck, has sold to an undisclosed buyer for $3.4 million. The center is located at 4335 Yellowstone Ave. It is 92 percent leased to national tenants, including GameStop, Sprint and H&R Block. The seller, a private investor, was represented by Michael F. Cisternino of Marcus & Millichap’s Oakland office/

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RetailWestern

THE COURTYARD AT THE COMMONS IN CALABASAS SELLS FOR $50M

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CALABASAS, CALIF. — The Courtyard at the Commons, a Class A retail center in the Los Angeles submarket of Calabasas, has sold to an undisclosed global asset management firm for $50 million. The center is located just off Highway 101 across from The Commons at Calabasas. Notable tenants at the Courtyard include Babies-R-Us, Wells Fargo, Chase, Bank of America, Riviera Wine Bar & Bistro and Sotheby’s. The buyer represented itself in this all-cash transaction, while the seller, an undisclosed public employee pension fund advised by CBRE Global Investors, was represented by CBRE’s Private Capital Group Los Angeles Retail Team, including Sam Alison, Dan Riley and Ben Cherney, as well as by CBRE’s National Retail Investment Group – West, including Todd Goodman, Gleb Lvovich, Prestow Fetrow and Kirk Brummer.

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MultifamilyWestern

THE METRO AT CHINATOWN SENIOR LOFTS OPENS NEAR DOWNTOWN LA

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LOS ANGELES — The Metro at Chinatown Senior Lofts, a 123-unit affordable senior housing property, has opened in Los Angeles’ Chinatown district. The $43-million property is located at 808 North Spring Street. The property contains two integrated structures, a seven-story building constructed in the 1920s, and a nine-story building constructed in 1916.The transit-oriented development is adjacent to Los Angeles County Metro’s gold line and it’s Chinatown Station. Leasing commenced this past January. The Metro is already 80 percent occupied. The property was developed by Meta Housing Corporation and Western Community Housing, which also served as the managing general partner.

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MultifamilyWestern

CONSUMER CAPITAL PARTNERS TEAMS WITH FRONTRANGE CAPITAL ON MULTIFAMILY INVE

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DENVER — Consumer Capital Partners (CCP) has teamed with FrontRange Capital Partners to invest in the ownership and operation of 35,000 apartment units nationwide. Denver-based CCP is hoping this new partnership will diversify and strengthen its portfolio of brands and investments.CCP currently owns the successful Smashburger chain. FrontRange Capital’s specialty is owning, managing and repositioning apartment complexes.

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MultifamilySoutheast

SYMCOR BUYS FOUNTAINS AT NORTH POINT

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NORTH POINT, FLA. — Symcor Capital Properties has acquired the Fountains at North Port, a 312-unit apartment community in North Port, for $19.7 million. The property, located at 1015 Panacea Blvd., is 95 percent occupied and units average 923 square feet. Community amenities include a clubhouse, computer center, fitness center and swimming pool and spa. Elliott Throne and Todd Adams of HFF arranged a 10-year, $14.6 million acquisition loan on behalf of the buyer through GE Capital Real Estate. Matt Mitchell and Jaret Turkell led the HFF team that represented the seller in the transaction.

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