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Casona-Grand-Prairie
DevelopmentMultifamilyTexas

Berkadia Arranges Equity for 305-Unit Multifamily Project in Grand Prairie, Texas

by Taylor Williams

GRAND PRAIRIE, TEXAS — Berkadia has arranged an undisclosed amount of equity for Casona, a 305-unit multifamily project that will be located in the central metroplex city of Grand Prairie. Casona will be situated on a 33-acre site at 3800 Robinson Road, with roughly half the acreage to be preserved for walking trails and access to nature. Units will come in one-, two- and three-bedroom floor plans. Physical amenities will include an 11,000-square-foot clubhouse; a resort-style pool with a pavilion with an indoor/outdoor lounge; a trailhead amenity area with outdoor kitchen facilities and pickleball courts; a five-hole “chip & putt” golf course; and a quarter-acre dog park. Cody Kirkpatrick, Noam Franklin, and Chinmay Bhatt of Berkadia sourced the equity from Arizona-based Parse Capital on behalf of the developers, Pivotal Residential and Novu Residential Group. Construction is scheduled to begin before the end of the month.  

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DevelopmentMixed-UseMultifamilySoutheastTennessee

Sentral to Operate 361-Unit Everett Residential Tower at Nashville Yards

by John Nelson

NASHVILLE, TENN. — Residential hospitality operator Sentral has been selected by master developer Southwest Value Partners to manage The Everett, the first of two residential towers to be developed at Nashville Yards, a 19-acre mixed-use project currently underway in Nashville. Amenities at the tower, which totals 361 units in one- and two-bedroom layouts, will include a third-floor deck with a pool, spa, lounge and grilling stations; a pet wash and dog park; fitness center and yoga area; game room; resident bar and coworking space. Move-ins at The Everett are scheduled to begin in December. Upon completion, Nashville Yards will also feature a 591-room Grand Hyatt Nashville hotel, concert venue, office buildings and retail and restaurant space, as well as plazas, courtyards and green spaces.

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RangeWater-Corinth
Build-to-RentDevelopmentSingle-Family RentalTexas

RangeWater Real Estate to Develop 121-Unit Build-to-Rent Project in Corinth, Texas

by Taylor Williams

CORINTH, TEXAS — Atlanta-based RangeWater Real Estate will develop a 121-unit build-to-rent residential project in Corinth, located in the northern-central part of the metroplex. RangeWater is developing the property, which spans 14.6 acres, in partnership with NTT Urban Development Corp. The development will feature three- and four-bedroom townhomes that will range in size from 1,451 to 1,800 square feet. Amenities will include a pool, open-air pavilion, grilling stations, a fire pit, dog park and a walking trail. Construction is scheduled to begin later this month and to be complete in the second quarter of 2026.

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DevelopmentRetailTexas

H-E-B to Open New Grocery Store in Irving’s Las Colinas District

by Taylor Williams

IRVING, TEXAS — H-E-B will open a new store in Irving’s Las Colinas district. The square footage has yet to be determined. The San Antonio-based grocer purchased 12 acres within a 19.5-acre parcel at the junction of I-635 and Olympus Boulevard, which previously served as the home of a Fry’s Electronics store. The landowner, LaTerra Development, also plans to construct a 161,250-square-foot self-storage facility adjacent to the grocery store on the remaining seven acres. Construction of the H-E-B is scheduled to begin before the end of the year and to be complete in 2026.

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DevelopmentRetailTexas

GBT Realty Underway on 33,700 SF Retail Center Near Denton, Texas

by Taylor Williams

PROVIDENCE VILLAGE, TEXAS — Tennessee-based GBT Realty Corp. is underway on construction of Providence Marketplace, a 33,700-square-foot retail center that will be located in Providence Village, roughly 45 miles north of Dallas. A 23,300-square-foot Sprouts Farmers Market will anchor the property, which will also feature roughly 10,400 square feet of small shop space and three outparcels. GBT Realty acquired the development site in August. Construction is scheduled for a third-quarter 2025 completion.

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Leasing ActivityOfficeTexas

PhiloWilke Partnership Signs 14,729 SF Office Lease in Houston’s Westchase District

by Taylor Williams

HOUSTON — PhiloWilke Partnership has signed a 14,729-square-foot office lease in Houston’s Westchase District. The architecture firm is taking space at The Towers at Westchase, a two-building development that houses an onsite deli and restaurant, fitness center and a conference center. Brad Fricks and Matthew Seliger of Stream Realty Partners represented the landlord, Franklin Street Properties, in the lease negotiations. Cody Little and Jordan Raney of JLL represented the tenant.

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1-Java-St.-Brooklyn
DevelopmentMultifamilyNew YorkNortheast

Lendlease Tops Out 834-Unit Waterfront Multifamily Project in Brooklyn

by Taylor Williams

NEW YORK CITY — Developer Lendlease has topped out 1 Java Street, an 834-unit waterfront multifamily project in Brooklyn’s Greenpoint neighborhood. Designed by architecture firm Marvel, the development comprises five interconnected buildings across a full city block. In addition, 1 Java Street will house 13,000 square feet of retail and restaurant space, and 30 percent of the units will be reserved as affordable housing. A syndicate of lenders led by Bank of America provided $360 million in construction financing for the project, which Lendlease is developing in partnership with Australian pension fund Aware Super and will include the construction of an 18,000-square-foot waterfront park. Construction began in spring 2023. Completion is slated for 2026.

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AcquisitionsIndustrialNortheastPennsylvania

Partnership Acquires 200,359 SF Industrial Portfolio in West Norriton, Pennsylvania

by Taylor Williams

WEST NORRITON, PA. — A partnership between Endurance Real Estate Group and Greystar-Thackeray has acquired a six-building, 200,359-square-foot industrial portfolio in West Norriton, a northwestern suburb of Philadelphia. The properties, which were fully leased to 15 tenants at the time of sale, feature clear heights of 18 to 20 feet and a total of 530 parking spaces and 46 loading positions. Gerry Blinebury, Jonas Skovdal and Brendan McGeary of Cushman & Wakefield represented the undisclosed seller in the transaction. John Alascio, Aaron Graves and T.J. Sullivan, also with Cushman & Wakefield, arranged an undisclosed amount of acquisition financing for the deal.

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AcquisitionsMultifamilyNew JerseyNortheast

Kislak Arranges Sale of 44-Unit Indian Oaks Apartments in Atlantic City

by Taylor Williams

ATLANTIC CITY, N.J. — New Jersey-based brokerage firm The Kislak Co. Inc. has arranged the sale of Indian Oaks Apartments, a 44-unit multifamily complex in Atlantic City. The sales price was $5.8 million. The property consists of 11 buildings that were recently renovated and house 10 one-bedroom units, six two-bedroom apartments and 28 two-bedroom townhouses. Joni Sweetwood of Kislak represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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Leasing ActivityMassachusettsNortheastOffice

FTI Consulting Signs 21,910 SF Office Lease Renewal in Downtown Boston

by Taylor Williams

BOSTON — FTI Consulting has signed a 21,910-square-foot office lease renewal in downtown Boston. The global economic and business advisory firm will remain on the ninth floor at 200 State Street, a 16-story building that is 94 percent leased. Connor Faught of Colliers represented the tenant in the lease negotiations. Tim Bianchi, Deb Gould, and Bill Anderson, also with Newmark, represented the landlord, Carr Properties.

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