Property Type

Cushman & Wakefield Brokers $6.9M Sale of Delray Beach Medical Pavilion in South Florida

by John Nelson April 30, 2026

DELRAY BEACH, FLA. — Cushman & Wakefield has brokered the $6.9 million sale of Delray Beach Medical Pavilion, a 36,041-square-foot healthcare facility located at 14000 S. Military Trail in Delray Beach. Located in South Florida’s Palm Beach County, the clinic features covered parking and was 63.4 percent leased at the time of sale. Benlee Asset Management purchased Delray Beach Medical Pavilion from the seller, an entity doing business as 14000 S Military Trail LLC. Scott O’Donnell, Mike Ciadella, Greg Miller, Miguel Alcivar, Gino Lollio and Travis Ives of Cushman & Wakefield represented the seller in the transaction.

April 30, 2026

Loans Multifamily Texas

Mesa West Capital Provides $81M Loan for Refinancing of Houston Multifamily Property

by Taylor Williams April 30, 2026

HOUSTON — Mesa West Capital has provided an $81 million loan for the refinancing of Domain Memorial, a 313-unit multifamily property in Houston. Built on a 12.7-acre site in 2016 in the Briar Forest/West Memorial submarket, Domain Memorial offers one-, two- and three-bedroom townhome-style units with an average size of 1,300 square feet that are housed across 29 buildings. Amenities include a pool, fitness center and a clubhouse. The borrower, Dallas-based Knightvest Capital, will use a portion of the proceeds of the five-year, floating-rate loan to complete interior renovations. Domain Memorial is currently 95 percent occupied.

April 30, 2026

Development Industrial Office Texas

Foundry Commercial Underway on Office-to-Industrial Conversion Project in Irving

by Taylor Williams April 30, 2026

IRVING, TEXAS — Foundry Commercial, an Orlando-based development and brokerage firm, is underway on construction of an office-to-industrial conversion project in Irving. The address of the office building was not announced, but the new industrial facility will total approximately 110,000 square feet and will be known as Ridgepoint. Demolitions began in March. An expected completion date was not announced. Ridgepoint will be Foundry’s 10th office-to-industrial conversion overall and its sixth in the Dallas area.

April 30, 2026

Industrial Leasing Activity Texas

AllTerra Central Signs 22,413 SF Industrial Lease Expansion, Renewal in Southlake, Texas

by Taylor Williams April 30, 2026

SOUTHLAKE, TEXAS — AllTerra Central has signed a 22,413-square-foot industrial lease expansion and renewal in Southlake, located north of Fort Worth. The provider of surveying and mapping services now occupies the entire building at 545 Commerce St., which according to LoopNet Inc. was completed in 1996. Travis Smith of JLL represented the tenant in the lease negotiations. Jon Skidmore, Andrew Gilbert and Keaton Brice of Holt Lunsford Commercial represented the landlord, Philadelphia-based Arden Group.

April 30, 2026

Acquisitions California Multifamily Western

Advanced Real Estate Acquires Two Multifamily Communities in Hollywood Totaling 393 Units

by Amy Works April 30, 2026

LOS ANGELES — Advanced Real Estate has purchased two apartment properties in the Hollywood neighborhood of Los Angeles, totaling 393 residences. The assets include the 200-unit Sky Hollywood (formerly known as Columbia Square Living) and the 193-unit Jardine Hollywood towers. Terms of the transactions were not released. The acquisitions bring the Advanced portfolio to almost 13,000 units in Southern California. Sky Hollywood is situated a block south of Hollywood Boulevard at El Centro, and Jardine is located a block south of Sunset Boulevard at Ivar. The properties offer rooftop pools, large fitness centers, resident lounges, floor-to-ceiling windows and luxury appliances. Additionally, each property offers penthouses leasing from $12,000 to $20,000 per month. Advanced Management Co. will handle property management for the assets. Advanced plans to make cosmetic upgrades to the properties, which will be administered by it affiliated construction company, R3 Construction Services. Blake Rogers, Dillon Bergum, Alexandra Caniglia and Kip Malo of JLL Capital Markets handled the acquisitions. Kevin Mackenzie, Greg Brown and Charlie Vorsheck of JLL procured two separate, uncrossed loans totaling $141.4 million from Freddie Mac. The loans have a fixed rate for 10 years and interest-only payments.

April 30, 2026

Acquisitions Arizona Multifamily Western

Thompson Thrift Disposes of Build-to-Rent Community in Peoria, Arizona for $45.8M

by Amy Works April 30, 2026

PEORIA, ARIZ. — Thompson Thrift has completed the sale of Grandstone at Sunrise, a build-to-rent multifamily community in Peoria, to an undisclosed buyer for $45.8 million, or $327,500 per unit. Steve Gebing and Cliff David of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller and procured the buyer in the deal. Completed in 2021, Grandstone at Sunrise features 140 one- and two-story homes in one-, two- and three-bedroom floor plans spread across 70 residential buildings. Units offer open-concept living spaces, 10-foot or higher ceilings and an average unit size of 1,069 square feet. The community also includes an amenity building, resort-style swimming pool and spa.

April 30, 2026

Acquisitions Arizona Industrial Western

ViaWest Group, Walton Street Capital Sell 39,360 SF Industrial Property in Phoenix

by Amy Works April 30, 2026

PHOENIX — ViaWest Group and Walton Street Capital have completed the disposition of 1450 East Buckeye Road, a fully leased industrial building in Phoenix, to Stonelake Capital Partners for an undisclosed price. Phil Haenel, Will Strong, Foster Bundy and Paul Boyle of Cushman & Wakefield’s Phoenix Industrial Private Capital Group represented the sellers and procured the buyer in the deal. Core & Main occupies the 39,360-square-foot property as a key distribution hub for its extensive piping division and operations. The building features ample loading doors, an efficient warehouse configuration, a large secured truck court and more than 1 acre of excess yard designed to support large-scale distribution and logistics. Additionally, the property’s infrastructure supports a range of industrial uses and offers flexibility for future tenant needs. The facility’s location on East Buckeye Road offers direct access to major transportation routes, including I-10 and State Route 202.

April 30, 2026

Acquisitions California Industrial Lee & Associates Western

Lee & Associates Orange Brokers Sale of 10,080 SF Industrial Building in Fullerton, California

by Amy Works April 30, 2026

FULLERTON, CALIF. — Lee & Associates Orange has arranged the sale of a 10,080-square-foot industrial building located at 1021 S. Placentia Ave. in Fullerton. Bruner Rental Properties acquired the asset from KSP Real Estate Partners for $3.3 million. Mark Hintergardt and Phil Fridd of Lee & Associates represented the seller in the transaction.

April 30, 2026

Development Industrial Iowa Midwest

Sub-Zero Plans $196M Manufacturing Expansion in Cedar Rapids, Iowa

by Kristin Harlow April 30, 2026

CEDAR RAPIDS, IOWA — Sub-Zero Group Inc. has unveiled plans to expand its manufacturing operations in Cedar Rapids. The $196 million expansion will add approximately 230,000 square feet to the company’s existing 600,000-square-foot facility on the city’s southwest side and is expected to create 312 new jobs, bringing total employment at the site to more than 500. Headquartered in Madison, Wis., Sub-Zero manufactures kitchen appliances under the Sub-Zero, Wolf and Cove brands. Construction timelines and additional project details will be announced as planning progresses.

April 30, 2026

Acquisitions Midwest Office Ohio Retail

Newmark Arranges Sale of Office, Retail Components at The Pointe at Polaris in Columbus

by Kristin Harlow April 30, 2026

COLUMBUS, OHIO — Newmark has arranged the sale and acquisition financing of the office and retail components of The Pointe at Polaris, a mixed-use asset located in the Polaris submarket of Columbus. DFWLAND purchased the property from a joint venture between VanTrust Real Estate and NP Limited Partnership. Positioned along Polaris Parkway, The Pointe at Polaris comprises 212,366 square feet of trophy office space and 33,071 square feet of retail space. The office portion is fully leased to tenants such as Bank of America, Fiserv, Power Home Remodeling and Employers Health, while the retail portion is fully leased to tenants such as Kitchen Social, Condado Tacos, Sweetwaters Coffee & Tea and Club Pilates. The property offers connectivity via I-71 and immediate proximity to Polaris Fashion Place, one of the region’s most prominent retail destinations. Derek Fohl, Jim Postweiler, Peter Harwood, Jack Trager and Jim Clark of Newmark represented VanTrust. Gary Carr of Newmark advised the buyer, while Ari Schwartzbard and Bill Weber of Newmark arranged the financing. Newmark’s Jake Paschen provided analytical support for the transaction.

April 30, 2026

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