Thursday, July 2, 2026
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Crossroads-Village-Apts-Fremont-CA
CaliforniaLoansMultifamilyWestern

Gantry Arranges $18.3M in Financing for Two California Bay Area Apartment Communities

by Amy Works

MILPITAS AND FREMONT, CALIF. — Gantry has arranged a total of $18.3 million in two permanent loans for the Spinnaker Pointe Apartments in Milpitas and Crossroads Village Apartments in Fremont. Totaling 540 units, the properties are fully stabilized and professionally managed. Gantry’s Tom Dao and Erinn Cooke represented the borrower, a private real estate investor, in arranging the financing. One of Gantry’s correspondent life company lenders provided the two five-year loans, which feature 30-year amortization schedules. The loans also feature no prepayment fees after the first 12 months from loan closing with rates in the mid-5 percent range, nonrecourse terms and a turnkey loan closing.

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3750-Nome-St-Denver-CO
AcquisitionsColoradoIndustrialWestern

IOV Acquires 10th Industrial Outdoor Storage Facility in Denver Market

by Amy Works

DENVER — Industrial Outdoor Ventures (IOV) has acquired its 10th property in the Denver area with the purchase of 3750 Nome Street, a 4.9-acre industrial outdoor storage site in Denver’s Airport Central submarket. Terms of the transaction were not released. The property includes a 24,000-square-foot warehouse with a clear height of 22 feet, two drive-in doors and four dock-high positions, as well as a 7,000-square-foot standalone office with additional storage and a private garage. At the time of acquisition, the property was vacant and on the market for lease. Sam Dragan and Mike Camp of CBRE represented the buyer and undisclosed seller in the deal.

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LoansMultifamilyOregonWestern

Red Oak Capital Holdings Provides $4.5M Loan for Apartment Community in North Bend, Oregon

by Amy Works

NORTH BEND, ORE. — Red Oak Capital Holdings has provided $4.5 million in financing for Eagle Crest Village Apartments in North Bend. The loan will be used to retire the existing debt and complete renovations on the garden apartment community. The three-building property features 60 studio units, 37 one-bedroom apartments and a freestanding single-family home. Written under Red Oak’s Opportunistic Bridge Loan Program, the debt carries an 11 percent interest rate, three-year term and represents 53.4 percent of the property’s stabilized value. Dave Christensen, Hermann Wendorff and Jesus Martinez of Red Oak originated and underwrote the loan. The undisclosed sponsor acquired the vacant former residential care facility in 2021 and is nearly finished converting the asset into 100 percent multifamily. At full stabilization, the sponsor intends to exit the Red Oak loan via a conventional refinance and manage the community in the long term.

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AcquisitionsColoradoRetailWestern

Boulder Group Brokers $1.9M Sale of Star Buds Dispensary Property in Fort Collins, Colorado

by Amy Works

FORT COLLINS, COLO. — The Boulder Group has brokered the sale of a single-tenant retail property located at 5740 S. College Ave. in Fort Collins. A Midwest-based real estate development and investment company sold the asset to a local Colorado-based investor for $1.9 million. Star Buds, a cannabis dispensary, occupies the 4,861-square-foot property on a long-term, triple-net lease with rental increases every five years. The lease is guaranteed by Medicine Man Technologies, a publicly traded company that does business as Schwazze. The company is a vertically integrated cannabis company with approximately 35 dispensaries, six grow facilities and two manufacturing plants. Zach Wright and Brandon Wright of The Boulder Group represented the seller in the transaction.

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IllinoisLoansMidwestMultifamily

JLL Arranges $24.7M Loan for Refinancing of Luxe on Madison Apartment Complex in Chicago

by Kristin Harlow

CHICAGO — JLL Capital Markets has arranged a $24.7 million loan for the refinancing of Luxe on Madison, a 102-unit apartment complex in Chicago. Located at 1222 W. Madison St., the five-story community was constructed in two phases in 2009 and 2016. The property features a mix of studios, one- and two-bedroom units averaging 845 square feet as well as 7,300 square feet of ground-floor retail space. Amenities include a fitness center, coworking spaces, a rooftop terrace and covered parking garage. Danny Kaufman, Mary Dooley, Rebecca Brielmaier and Mackenzie Jones of JLL represented the borrower, Fifield Cos. MetLife Investment Management provided the five-year, fixed-rate loan.

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DevelopmentIllinoisIndustrialMidwest

Ryan Cos. Starts Construction on Final Phase of Pullman Crossings Industrial Park in Chicago

by Kristin Harlow

CHICAGO — Ryan Cos. US Inc. has formed a joint venture with Namdar Realty Group and Mason Asset Management to close on the land and start construction of the final phase of Pullman Crossings industrial park in Chicago. The final phase is a 160,000-square-foot speculative facility. Pullman Crossings is a 50-acre industrial park within Pullman Park, a 180-acre mixed-use project being developed by Chicago Neighborhood Initiatives. The new building will feature outdoor eating areas, exterior bike racks, ESFR fire protection and a clear height of 32 feet in the warehouse. Ryan is developing and building the facility with construction financing provided by Bankers Trust. Completion is slated for August 2025.

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Affordable HousingDevelopmentIllinoisMidwestMultifamily

McShane, Ashlaur Complete 76-Unit Affordable Housing Building for Visually Impaired Residents in Chicago

by Kristin Harlow

CHICAGO — A joint venture between McShane Construction Co. and Ashlaur Construction has completed The Foglia Residences in Chicago. Brinshore Development and The Chicago Lighthouse developed the 76-unit affordable housing building for residents who are blind, visually impaired, disabled and veterans. The development marks the first Low-Income Housing Tax Credit building in the nation for the blind community, according to McShane. Situated on a site adjacent to The Chicago Lighthouse’s center in the Illinois Medical District, the podium-style building features nine stories with three levels of parking, six levels of units and first-floor retail space. Units are offered in studio, one- and two-bedroom floor plans. Income restrictions were not provided. Amenities include a fitness center, community room, fourth-floor rooftop terrace, dog run and playground. The common areas offer contrasting colors, lit braille unit signage, handrails, braille wallpaper, braille numbering on mailboxes, contrasting flooring in front of unit doors and elevators with audible signals. LBBA was the architect.

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Leasing ActivityMidwestNebraskaRestaurantRetail

Travelers Taproom Opens at Northwest Commons Shopping Center in Grand Island, Nebraska

by Kristin Harlow

GRAND ISLAND, NEB. — Travelers Taproom has opened a 4,139-square-foot taproom at Northwest Commons Shopping Center in Grand Island, a city in central Nebraska. The Staenberg Group manages the property at 2230 N. Webb Road. Travelers Taproom offers a self-pour experience, where guests can choose from 60 rotating taps featuring local beers, ciders and seltzers. There is also a whiskey, bourbon and wine bar. Travelers Taproom is inspired by the owners’ travels across the country. Additional tenants at the shopping center include Dick’s Sporting Goods, Burlington, T-Mobile, Spectrum and Pro Image Sports.

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IllinoisLeasing ActivityLee & AssociatesMidwestRestaurantRetail

Lee & Associates Negotiates 3,163 SF Restaurant Lease in Downtown Naperville, Illinois

by Kristin Harlow

NAPERVILLE, ILL. — Lee & Associates has negotiated a 3,163-square-foot restaurant lease at Riverwalk Plaza in downtown Naperville, a suburb of Chicago. U Sushi Club Rotary Sushi Bar leased the second-floor space. Michael Petrik and Rick Scardino of Lee & Associates represented the landlord, Naper LP. The building offers onsite parking and is located adjacent to the Naperville Public Library and near the Naperville Riverwalk.

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Realterm-Titan-Laredo
DevelopmentIndustrialTexas

Realterm, Titan to Develop 440,300 SF Industrial Project in Laredo, Texas

by Taylor Williams

LAREDO, TEXAS — A partnership between Maryland-based investment manager Realterm and regional owner-operator Titan Development will develop a 440,300-square-foot industrial project in the Rio Grande Valley city of Laredo. The cross-dock facility will be situated on a 26-acre site and will be divisible for two tenants. Building features will include 30-foot clear heights, 185-foot truck court depths and 264 trailer parking stalls. Construction is expected to last about 12 months.

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