Property Type

Law Firm Bartlit Beck Signs 80,000 SF Office Lease Expansion in Chicago’s River North

by Kristin Harlow February 24, 2026

CHICAGO — Chicago-based investment and development firm Friedman Properties has completed an 80,000-square-foot office lease renewal and expansion with Bartlit Beck LLP at Court House Place in Chicago’s River North neighborhood. The lease increased the law firm’s footprint by more than 20 percent. Headquartered at Court House Place since 1993, Bartlit Beck is a national law firm with expertise in high-stakes commercial litigation, intellectual property, antitrust and unfair trade practices, breach of contract, shareholder disputes and product liability. Renovations will begin soon on the additional 15,000 square feet. Designed by architect Otto Matz and constructed in 1893, the Romanesque-style Court House Place formerly served as the Cook County criminal court. After acquiring the seven-story, 107,000-square-foot property in 1985, Friedman Properties executed a full redevelopment, transforming the building into modern office space. A renovation in 2018 added a rooftop deck. The property is listed in the National Register of Historic Places and has been designated a Chicago landmark.

February 24, 2026

Development Midwest Multifamily Seniors Housing Wisconsin

McShane Completes 72-Unit Senior Living Community in Mukwonago, Wisconsin

by Kristin Harlow February 24, 2026

MUKWONAGO, WIS. — McShane Construction Co. has completed Azura Mukwonago, a 72-unit assisted living and memory care community in Mukwonago, about 30 miles southwest of Milwaukee. Azura Living was the developer. Designed by EUA, Azura Mukwonago integrates two assisted living buildings and one memory care building on a 6.4-acre site. A 35-foot barn serves as a storage facility. Amenities include community rooms, dining rooms, kitchens, sunrooms, a fitness area, spa, salon, community garden, walking paths, a putting green, bocce ball courts and courtyards.

February 24, 2026

Development Leasing Activity Midwest Office Wisconsin

Hendricks Commercial Properties Begins Development of 11,223 SF Coworking Space Near Milwaukee

by Kristin Harlow February 24, 2026

DELAFIELD, WIS. — Hendricks Commercial Properties (HCP) has begun development of Irontek, a new flexible workspace in Delafield, about 27 miles west of Milwaukee. Located at The Grain (West Building), Irontek will encompass 11,223 square feet and is scheduled to open this summer. Irontek’s Delafield location will include 37 private offices, 24 dedicated desks and open workspace options. Members will have access to a variety of meeting and collaboration spaces, including one 18-person conference room, three drop-in huddle rooms accommodating four to eight people and three private phone booths for calls and virtual meetings. Irontek offers flexible lease terms. High-speed Wi-Fi, utilities, furnishings, maintenance and shared amenities are all included. The project marks HCP’s second Irontek location, joining the one in Beloit, Wis., that opened in 2016. The project team includes Corporate Contractors Inc., Galbraith Carnahan Architects, Harwood Engineering Consultants and Henricksen as interior partner. All are based in Wisconsin. The Grain is a mixed-use destination developed by HCP in 2023.

February 24, 2026

Acquisitions Company News Multifamily New Jersey Northeast Top Stories

Affinius Capital-Led Consortium Agrees to Acquire Veris Residential in $3.4B Go-Private Deal

by John Nelson February 24, 2026

JERSEY CITY, N.J. — An investor consortium led by Affinius Capital has entered into a definitive merger agreement to acquire Veris Residential Inc. (NYSE: VRE), a multifamily real estate investment trust (REIT) based in Jersey City. As of Dec. 31, 2025, the company’s portfolio spanned more than 6,500 units in the Northeast, as well as $35 million in land bank holdings. Under the terms of the agreement, the consortium, which also includes Vista Hill Partners, will purchase Veris in an all-cash transaction for $19 per share of the REIT’s common stock, with represents an implied enterprise value of $3.4 billion. As a result of the transaction, Veris will no longer be publicly traded on the New York Stock Exchange. Mahbod Nia, CEO of Veris, says the merger represents the culmination of a multi-year transformation of the company that began in 2020, when the firm, then known as Mack-Cali Realty Corp., established its ESG committee. “Over the past five years, we have undertaken meaningful steps to pivot away from office, simplifying and focusing the business, strengthening our balance sheet and enhancing our operational platform,” says Nia. The transaction price reflects a 23.2 percent premium to Veris’ unaffected closing share price on Wednesday, …

February 24, 2026

Hackensack-Meridian-Health-Eatontown-New-Jersey

Features Healthcare Retail

Goodbye Retail, Hello Medical Malls: How Adaptive Reuse Can Accelerate Healthcare Development

by Taylor Williams February 24, 2026

By Aran McCarthy, president, FCA Healthcare providers and designers of those facilities are dedicated to creating spaces that meet the ever-growing demand for their services. Despite this desire, cities and towns nationwide are struggling to meet the needs of their growing populations. According to the Health Resources and Services Administration, as of January, there are more than 4,800 health professional shortage areas (HPSAs) for primary care facilities in the country. This disconnect between the need for care and the number of facilities equipped to support delivery of said care is on full display, and therein lies opportunity. Markets across the country are simultaneously dealing with a very different challenge; changes in consumer habits have created vacancies within retail real estate. In response to these trends, healthcare designers and system leaders have recognized that the adaptive reuse of former retail properties into “medical malls” offers a practical solution to increasing access to care. This approach prioritizes speed to market and cost efficiency for operators and also enhances community access without the long and costly timelines associated with new construction. Physical Synergy: Repositioning Retail for for Healthcare The physical features associated with many big-box retail locations make them particularly well-suited for healthcare …

February 24, 2026

Development Healthcare Kansas Midwest

McCarthy Completes Construction of $105M Hospital in Colby, Kansas

by Kristin Harlow February 23, 2026

COLBY, KAN. — McCarthy Building Cos. has completed a new medical center replacement hospital for Citizens Health in Colby, a city in rural northwest Kansas. HFG Architects designed the facility. Located adjacent to the existing property, the campus consolidates Citizens Medical Center’s services into a single location. The 171,000-square-foot, 25-bed hospital represents a $105 million investment and serves as the only hospital between Hays, Kan., and Denver. The facility includes a full-service emergency department, inpatient beds, a surgery department with an orthopedic focus featuring four operating rooms and multiple procedure rooms, a clinic for 30 physicians and comprehensive support services, including dietary, laboratory, radiology, physical therapy and oncology. The property is among the nation’s largest hospitals funded through the U.S. Department of Agriculture’s Critical Access Hospital program. Additional project partners include Farris Engineering, BHC Engineering, Apex Engineering, Rand Mechanical, Bart’s Electric, Midwest Drywall, Hi-Plain Doors, Dunlap Concrete and Pryor Fire Sprinkler. Sporer Land Development completed mass grading.

February 23, 2026

Acquisitions Development Industrial Midwest Ohio

ICP Acquires Remaining 134 Acres at Miami Valley Research Park Near Dayton

by Kristin Harlow February 23, 2026

KETTERING, OHIO — Industrial Commercial Properties (ICP) has acquired the remaining 134 acres of developable land at Miami Valley Research Park in Kettering near Dayton. ICP already owns Sixth River, a five-building office asset, and 3909 Research Boulevard, a light industrial facility, within Miami Valley Research Park. ICP’s long-term vision for the park has already included strategic enhancements. The firm partnered with Vision Cos. for a new market-rate apartment community. ICP is engaging with corporate users, brokers and economic development partners for the next phase of development within the park.

February 23, 2026

Acquisitions Midwest Minnesota Multifamily

JLL Arranges Sale of 180-Unit Luxury Multifamily Community in Metro Twin Cities

by Kristin Harlow February 23, 2026

COON RAPIDS, MINN. — JLL Capital Markets has arranged the sale of Lyra at Riverdale Station, a luxury multifamily community with 180 units in the northern Twin Cities suburb of Coon Rapids. Josh Talberg and Joseph Peris of JLL represented the seller and procured the buyer, MLG Capital, which assumed the property’s existing HUD loan. Lyra represents the counterpart asset to Aster, which JLL brokered the sale of in December.

February 23, 2026

Acquisitions Illinois Midwest Multifamily

Triad Real Estate Partners Brokers Sale of 94-Unit Apartment Complex in Westmont, Illinois

by Kristin Harlow February 23, 2026

WESTMONT, ILL. — Triad Real Estate Partners has brokered the sale of The Quincy Station Apartments in Westmont for an undisclosed price. Completed in 2022, the property consists of 94 units and a ground-floor restaurant named Whiskey Hill. Chicago-based Banner Real Estate Group purchased the asset from Holladay Properties. The property features one-, two- and three-bedroom units and is situated within steps of a Metra station.

February 23, 2026

Acquisitions Colorado Industrial Western

Cabot Properties Sells 112,500 SF Manufacturing Facility in Centennial, Colorado

by Amy Works February 23, 2026

CENTENNIAL, COLO. — Cabot Properties has completed the disposition of a single-tenant manufacturing facility at 6284 S. Nome Court in Centennial. The Koll Co. acquired the asset for $21.5 million. Situated on 7.4 acres, the 112,500-square-foot property features specialized infrastructure designed for precise manufacturing operations. Built in 1996, the concrete tilt-up building offers front-loading dock access with seven docks, a clear height of 22 feet and a 6,000-amp electrical capacity. Additionally, the asset offers a 125-foot truck court with concrete apron, 104 auto parking spaces, wet fire protection systems and a mix of T5 and T12 lighting throughout the warehouse space. Plastic Design & Manufacturing Co., operating as Plastic Molding Technology, has occupied the facility since 1997. The company specializes in custom plastic molding solutions, including thermoforming and precision injection molding. Peter Merrion and Rob Key of JLL Capital Markets represented the seller in the transaction.

February 23, 2026

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