Tuesday, June 16, 2026
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AcquisitionsFloridaMixed-UseSoutheastStudent Housing

Halstatt Sells 644-Bed UnionWest at Creative Village Student Housing Tower in Downtown Orlando

by John Nelson

ORLANDO, FLA. — Halstatt Real Estate Partners has sold UnionWest at Creative Village, a 664-bed student housing property near the University of Central Florida’s (UCF) downtown Orlando campus. Halstatt developed the 15-story tower in partnership with Development Ventures Group and Ustler Development in August 2019. Provident Resources Group purchased UnionWest for an undisclosed price using bonds underwritten by BofA Securities. Located at the corner of West Livingston Street and North Terry Avenue, the student housing tower is a component of the $1.5 billion Creative Village mixed-use campus, which includes academic space for both UCF and Valencia College’s downtown campus. In addition to student housing, UnionWest offers more than 100,000 square feet of academic space, 11,000 square feet of street-level retail space and a 600-space parking garage.

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AcquisitionsFloridaRetailSoutheast

Marcus & Millichap Negotiates $8.4M Sale of Retail Strip Center in Miami

by John Nelson

MIAMI — Marcus & Millichap has negotiated the $8.4 million sale of Blue Grotto Plaza, an 11,890-square-foot retail strip center located in Miami. Built in 1973 and renovated in 2023, the multi-tenant property features a mix of service-oriented businesses and food-and-beverage tenants, including 10 retail spaces and 68 parking spaces. Jonathan De La Rosa and Matthew Albregts of Marcus & Millichap marketed the property on behalf of the seller, Minkin Enterprises Inc., and procured the buyer, OMAC Real Estate LLC, in the transaction.

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AcquisitionsKentuckyMultifamilySoutheast

Home Invest Acquires Pine Tree Path Apartments in Georgetown, Kentucky for $7.8M

by John Nelson

GEORGETOWN, KY. — Home Invest has acquired Pine Tree Path, a 72-unit apartment community in Georgetown, about 70 miles east of Louisville, Ky. Longtime owner PAJ Properties Inc. sold the Class B property to Home Invest for approximately $7.8 million. Home Invest will be the property manager for Pine Tree Path, which was fully occupied at the time of sale. The firm will also replace roofs for seven buildings and make light renovations to unit interiors as the leases turn over.

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AcquisitionsRetailTexas

Headwall Investments Buys 15,182 SF Retail Strip Center in Sugar Land, Texas

by Taylor Williams

SUGAR LAND, TEXAS — San Antonio-based Headwall Investments has purchased Old Mill Retail Center, a 15,182-square-foot retail strip center located in the southwestern Houston suburb of Sugar Land. Tenants at the property include Pepperoni’s Pizza, Primera Professional Pharmacy, MTea & Coffee and Floors for Living. The seller and sales price were not disclosed.

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Luma-El-Corazon-Oceanside-CA
CaliforniaDevelopmentMultifamilyWestern

Sudberry Properties Opens 268-Unit Luma at El Corazon in Oceanside, California

by Amy Works

OCEANSIDE, CALIF. — Sudberry Properties has opened Luma at El Corazon, a 278-unit apartment community located at 3546 Village Commercial Drive in Oceanside’s El Corazon, a multi-phase development that is home to Frontwave Arena and approximately 400 acres of parks, open space and civic uses. Luma at El Corazon consists of 23 three-story buildings with a mix of 113 one-bedroom, 120 two-bedroom and 35 three-bedroom apartments. Ranging from 691 square feet to 1,440 square feet, each of the 11 floor plans includes an outdoor deck, balcony or patio, stainless steel appliances, quartz countertops, wood-style flooring and in-unit washers/dryers. Community amenities include a clubroom with a demonstration kitchen and adjoining covered patio, a conference room and an indoor/outdoor fitness center with cardio and weights, a pool and spa, a lounge area with ping-pong and facilities for outdoor dining and grilling. Additionally, the property offers an attached or detached garage for each unit, a package reception area, 24-hour emergency maintenance and electric vehicle chargers. The development team included Bassenian Lagoni, Hunsake & Associates, Wermers Construction, Schmidt Design Group and Design Tec.

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ArizonaDevelopmentIndustrialLoansWestern

AEW Provides $68M Construction Loan for Industrial Park in Tempe, Arizona

by Amy Works

TEMPE, ARIZ. — AEW Capital Management has provided a $68 million construction mortgage for the development of NextWave Tempe, a Class A industrial project in Tempe. A partnership between Overton Moore Properties and Invesco Real Estate broke ground on the project, which is located at 1500 N. McClintock Drive, in mid-January. Slated for completion in the fourth quarter, NextWave Tempe will feature 689,000 square feet of industrial space spread across three buildings.

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735-St-Clair-Portland-OR
LoansMultifamilyOregonWestern

Northmarq Secures $26.4M in Refinancing for Multifamily Complex in Portland

by Amy Works

PORTLAND, ORE. — Northmarq has secured a $26.4 million loan on behalf of Fairfield for the refinancing of 735 St. Clair, an apartment property in Portland’s Goose Hollow neighborhood. The 24-story building features 212 studio, one- and two-bedroom apartments ranging from 650 square feet to more than 1,000 square feet. Joe Giordani, Scott Botsford, Brendan Golding, Alvin Cao and Stuart Oswald of Northmarq’s Newport Beach, Calif., and Seattle Debt + Equity teams arranged the permanent fixed-rate refinance loan through Northmarq’s direct Freddie Mac lender partnership. The loan features a five-year fixed term with three years of interest-only payments and a 35-year amortization schedule.

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Mountain-West-Industrial-Park-Las-Vegas-NV
DevelopmentIndustrialNevadaWestern

Milton Consulting Breaks Ground on Phase II of Mountain West Industrial Park in Las Vegas

by Amy Works

LAS VEGAS — Milton Consulting, led by Jonathan Schwartz, has broken ground on the 324,404-square-foot Phase II of Mountain West Industrial Park in southwest Las Vegas. Situated on 18.8 acres at the intersection of South Tenaya Way and West Patrick Lane, Phase II will include four freestanding buildings with flexible suite configurations ranging from 7,150 square feet to 110,304 square feet. Construction on Buildings 5 and 6 will finish in late 2025, with Buildings 7 and 8 following in early 2026. Site improvements will wrap up alongside the buildings in the second phase. The four-building, 252,000-square-foot first phase is fully leased to a variety of tenants, including Mechanical Products Nevada, US Pharmatech and Spreadshirt.   CBRE’s Willmore Industrial and Logistics team is overseeing marketing and leasing for Mountain West Industrial Park.

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AcquisitionsColoradoIndustrialWestern

John Propp Commercial Group Negotiates $5M Sale of Industrial Building in Denver

by Amy Works

DENVER — John Propp Commercial Group has arranged the sale of an industrial property in Denver. River Rise Capital acquired the building from LG Investments for $5 million. Located at 4391 York St., the asset includes a 30,078-square-foot building situated on 1.7 acres. John Propp and Michael Honc of John Propp Commercial Group represented the seller in the deal. The new owner plans to hold the property as an investment after re-signing the tenant, United States Building Supply Co., to a new long-term lease.

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HospitalityIndianaLoansMidwest

Barings, Apollo Originate $113M Debt Package for 575-Room Westin Indianapolis Hotel

by Kristin Harlow

INDIANAPOLIS — Barings and affiliates of Apollo have jointly originated a $113 million debt package to refinance the Westin Indianapolis hotel. An affiliate of KSL Capital Partners has owned the downtown property since 2019. The loan was structured with mezzanine and senior mortgage components. Barings funded the mezzanine component of the loan, with Apollo affiliates originating the senior portion. Originally built in 1989, the hotel was fully renovated from 2020 to 2022. The property features 575 guestrooms, 48,300 square feet of total event space, a new food and beverage outlet and a recently renovated fitness center. Eastdil Secured advised the borrower.

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