Thursday, June 11, 2026
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CivicDevelopmentMidwestMissouri

ICS Construction Completes 78,000 SF Clark Family Branch Library in Suburban St. Louis

by Kristin Harlow

LADUE, MO. — ICS Construction Services Ltd. has completed the Clark Family Branch Library for the St. Louis County Library (SLCL) district. Lamar Johnson Collaborative (LJC) was the project architect. Located at 1640 S. Lindbergh Blvd. in the inner-ring suburb of Ladue, the two-story building totals more than 78,000 square feet and stands as the largest branch in the SLCL system. The design emphasizes open, flexible spaces with high ceilings and natural light. The Clark Family Branch is the final branch to be designed as part of SLCL’s system-wide “Your Library Renewed” program. In addition to providing traditional reading, private study spaces and quick access to collections, the library features various meeting and event spaces, age-specific areas for creative and hands-on learning experiences and diverse community-based services. The Stephany and Richard Kniep Children’s Space features a playhouse, built-in reading nooks, a magnetic gear wall and educational touch-screen games. The Unity Foundation Teen Space provides tech-focused amenities such as the Object Computing creative lab with a 3-D printer, audio recording studio, video recording studio and video game room. The 800-seat multipurpose Post Event Space & Plaza offers multiple room configurations to support author events and programs. The Emerson History & Genealogy …

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IndustrialLeasing ActivityTexas

Time Manufacturing Holdings Signs 29,974 SF Industrial Lease in New Caney, Texas

by Taylor Williams

NEW CANEY, TEXAS — Time Manufacturing Holdings has signed a 29,974-square-foot industrial lease in New Caney, a northeastern suburb of Houston. The producer of vehicle-mounted aerial lifts is taking space at the building at 22218 McCleskey Road, which according to LoopNet Inc. was constructed in 2023. Carry Latham and Jax Rawlinson of Stream Realty Partners represented the landlord, Nickers Interests Inc., in the lease negotiations. Joseph Berwick of JLL represented the tenant.

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Conference CoverageFeaturesGeorgiaMultifamilyMultifamily & Affordable Housing Feature ArchiveSoutheastSoutheast Feature Archive

Stickiness of Renter Sets Build-to-Rent Sector Apart from Traditional Multifamily, Says InterFace Panel

by Kristin Harlow

ATLANTA — When considering a single-family, build-to-rent (BTR) development or acquisition, the main priority of the developer or investor is to focus on finding a place where people want to live, said Zach Persky, vice president of acquisitions for Quinn Residences. Access to jobs, retail corridors and good school districts are all important factors for potential residents. Persky was one of the speakers on the BTR panel at the 15th annual InterFace Multifamily Southeast conference, which took place Wednesday, Dec. 4 at the Cobb Galleria Centre in Atlanta. Kyle Palmer, managing partner of Palmer Real Estate Investment Services, moderated the discussion. Editor’s note: InterFace Conference Group, a division of France Media Inc., produces networking and educational conferences for commercial real estate executives. To sign up for email announcements about specific events, visit www.interfaceconferencegroup.com/subscribe. While the BTR segment may still be in its infancy, its fundamentals are solid, according to the panel. Demand comes from would-be homebuyers who are priced out of the single-family market. These purpose-built rentals have many of the same perks of for-sale homes, such as yards and private garages, without the handicaps of down payment and mortgage commitment. BTR construction completions nationally totaled more than 50,000 units …

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900-Morrissey-Blvd.-Boston
Affordable HousingDevelopmentHospitalityLoansMassachusettsMultifamilyNortheast

MassHousing Provides Financing for Affordable Housing Redevelopment Project in Boston

by Taylor Williams

BOSTON — MassHousing has provided an undisclosed amount of financing for an affordable housing redevelopment project in Boston. The project will convert the former Comfort Inn at 900 Morrissey Blvd. in the Dorchester area into a 99-unit apartment complex whose units will be reserved for households earning 30 percent or less of the area median income. The Community Builders is the developer of the project, which will include office and community spaces on the ground floor. Other project partners include BWA Architecture and Commodore Builders. Financing for the project stems in part from a $24 million bond issued by MassHousing that was purchased by Eastern Bank. Completion is slated for mid-summer 2025.

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AcquisitionsMassachusettsMultifamilyNortheast

Marcus & Millichap Brokers $9M Sale of Boston Apartment Building

by Taylor Williams

BOSTON — Marcus & Millichap has brokered the $9 million sale of Spring Street Apartments, a 32-unit multifamily building located in the West Roxbury area of Boston. The elevator-served building was originally constructed in 1965 and offers two studios and 30 one-bedroom apartments. Evan Griffith and Tony Pepdjonovic of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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AcquisitionsNew YorkNortheastRetail

Horvath & Tremblay Negotiates $8M Sale of Retail Building in Seaford, New York

by Taylor Williams

SEAFORD, N.Y. — Regional brokerage firm Horvath & Tremblay has arranged the $8 million sale of a single-tenant retail building in Seaford, located on Long Island. CVS has occupied the property at 350 N. Broadway since 2004 and has nine years remaining on its current lease term. Bob Horvath and Todd Tremblay of Horvath & Tremblay represented the undisclosed seller in the transaction. The name and representative of the buyer were also not disclosed.

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AcquisitionsMultifamilyNortheastPennsylvania

V2 Properties Sells 21-Unit Apartment Building in North Philadelphia

by Taylor Williams

PHILADELPHIA — Regional investment firm V2 Properties has sold Lofts at Henry Hall, a 21-unit apartment building located at 2209 N. Broad St. on the north side of Philadelphia. The property was built in 2023 and offers one-, two-and three-bedroom units, as well as immediate proximity to Temple University. Vince Peruto of Marcus & Millichap represented V2 Properties in the transaction and procured the buyer, Felicity Street Investments. The deal traded for $3.6 million.

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Leasing ActivityNew YorkNortheastOffice

William Grant & Sons Signs 27,160 SF Office Lease in Manhattan’s Flatiron District

by Taylor Williams

NEW YORK CITY — William Grant & Sons has signed a 27,160-square-foot office lease in Manhattan’s Flatiron District. The liquor distiller and distributor plans to take occupancy of the entire second and part of the third floor at 902 Broadway, a 20-story building that was originally constructed in 1911, in summer 2025. Joseph Messina and Charles Gerace of JLL represented the tenant in the lease negotiations. Max Koeppel internally represented the owner, the Rosen Family.

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party-city-1
Company NewsNew JerseyNortheastRetailTexasTop Stories

Retailer Bankruptcy Update: Party City to Close All Stores, The Container Store Files for Chapter 11

by Taylor Williams

WOODCLIFF LAKE, N.J. AND COPPELL, TEXAS — In a one-two punch of holiday retail bankruptcy announcements, Party City has issued a formal statement declaring that it will close all its U.S. stores within the coming months, while The Container Store has also formally filed for Chapter 11 bankruptcy protection. CNN first reported on Friday, Dec. 20, that Party City, which filed for Chapter 11 bankruptcy protection in January 2023 to restructure its debt, would now be liquidating. The New Jersey-based entertainment accessories retailer, which does business as Party City Holdco Inc., said over the weekend that it intends to close all of its approximately 700 stores and that it has commenced going-out-of-business sales. The Container Store issued a statement late on the night of Sunday, Dec. 23, acknowledging that it had filed for Chapter 11 protection in the United States Bankruptcy Court for the Southern District of Texas. The metro Dallas-based retailer, which has about 100 stores nationwide, will “implement a recapitalization transaction to bolster its financial position, fuel growth initiatives and drive enhanced long-term profitability,” according to the statement. Party City’s 2023 petition for Chapter 11 protection was also filed within the U.S. Bankruptcy Court for the Southern District …

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DevelopmentFloridaHospitalityLoansSoutheast

Mast Capital, Amzak Obtain $72.5M Loan for Renovation of Saddlebrook Resort in Metro Tampa

by John Nelson

WESLEY CHAPEL, FLA. — A partnership between Mast Capital and Amzak Capital Management has secured a $72.5 million loan for the renovation of Saddlebrook Resort, a 480-acre hospitality property located in the Tampa suburb of Wesley Chapel. Beachpoint Capital Management provided the loan. Chris Drew, Brian Gaswirth, Jeff Bucaro, Paul Adams, Mark Deslauriers and Nicole Barba of JLL arranged the loan on behalf of the borrowers. The renovation of Saddlebrook Resort is expected to total $92 million and encompass a full-scale redesign of the guestroom suites, lobby, meeting spaces, pool and outdoor facilities, golf course and food-and-beverage destinations, as well as significant upgrades to the resort’s landscaping, sports facilities and lifestyle amenities. Mast Capital first partnered with Amzak Capital to acquire the resort in spring 2022.

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