Retail

NewQuest Acquires Land for 334-Unit Apartment Community, Retail Center in Katy, Texas

by Taylor Williams June 15, 2026

KATY, TEXAS — NewQuest has acquired land in the western Houston suburb of Katy for the development of a 334-unit apartment community and retail center. Of the 18.5 acres that the local developer purchased at the southwest corner of Morton and Porter roads, 11.8 will be dedicated to the development of the multifamily component, while the remainder will house the retail component. Designed by Meeks + Partners and developed by Pelican Builders, the apartments will come in one-, two- and three-bedroom floor plans and will have an average size of 865 square feet. Amenities will include a pool and multiple courtyards. The project’s retail component will comprise a 10,860-square-foot, multi-tenant building and five pad sites. Construction is expected to begin early next year.

June 15, 2026

Leasing Activity Retail Texas

Four New Tenants Sign Leases at Inwood Village in North Dallas

by Taylor Williams June 15, 2026

DALLAS — Four new tenants have signed leases at Inwood Village, a historic shopping center and dining destination located at the intersection of Lovers Lane and Inwood Road in North Dallas. Outdoor lifestyle brand Ball and Buck, along with PopUp Bagels, have already opened at the center. In addition, boutique wellness brand Jungle Studio Fitness will debut in the coming weeks, while home furnishings retailer Rejuvenation by Williams-Sonoma will open toward the end of the year. Inwood Village first opened in 1947.

June 15, 2026

Development Retail Texas

Kinective Fitness Club to Open 50,859 SF Gym in Plano

by Taylor Williams June 15, 2026

PLANO, TEXAS — Kinective Fitness Club will open a 50,859-square-foot gym at 4520 State Highway 121 in Plano. The design of Kinective Plano, led by RDC, will be centered around four signature spaces that house seven studios: metabolic conditioning, HIIT (high-intensity interval training), group fitness, immersive cycling, yoga, meditation and Pilates reformer. The club will also offer group fitness classes across all seven studios. The opening is scheduled for early 2027.

June 15, 2026

Acquisitions New Jersey Northeast Retail

Marcus & Millichap Brokers $3.9M Sale of Retail Strip Center in Pennington, New Jersey

by Taylor Williams June 15, 2026

PENNINGTON, N.J. — Marcus & Millichap has brokered the $3.9 million sale of Cornerstone Court, an 18,284-square-foot retail strip center located in the Northern New Jersey community of Pennington. The two-story center was 77 percent leased at the time of sale to 11 tenants, with Dunkin’ and Subway serving as the anchors. The center’s second level also includes office space. Brent Hyldahl, Alan Cafiero and Seth Goldberg of Marcus & Millichap represented the seller in the transaction and worked with Marcus & Millichap’s David Cafiero and Damien Rance to procure the buyer. Both parties were New Jersey-based private investors that requested anonymity.

June 15, 2026

Acquisitions Arizona Retail Western

JLL Negotiates $53.8M Sale of Grocery-Anchored Retail Center Near Tucson

by Amy Works June 15, 2026

ORO VALLEY, ARIZ. — JLL Capital Markets has negotiated the $53.8 million sale of Oracle Crossing, a 265,530-square-foot retail center located in Oro Valley, approximately six miles northwest of Tucson. Patrick Dempsey and Ross Jorgensen of JLL represented the sellers, entities doing business as Oracle Crossings LLC and Oracle and Magee LLC, in the transaction. The buyers were two entities doing business as Oracle Station LLC and Oracle Station I LLC. Built in 2006, Oracle Station spans 30 acres and is anchored by Sprouts Farmers Market. Other tenants at the center, which was 96 percent leased at the time of sale, include Kohl’s, El Charro Café, Pacific Dental, Dunkin’ Donuts, Carbon Health, Brake Max, O’Reilly Auto Parts and Smashburger. The property also features eight separate outparcels.

June 15, 2026

Development Hospitality Retail Texas

Rockspring Nears Completion of 81-Room Hotel, Convenience Store in Marble Falls, Texas

by Taylor Williams June 12, 2026

MARBLE FALLS, TEXAS — Rockspring is nearing completion of an 81-room Home2 Suites by Hilton hotel, as well as a Rodeo neighborhood convenience store and service station, in Marble Falls, about 50 miles northwest of Austin. Both properties are located within the Texas-based developer’s Panther Hollow Village mixed-use development. In addition, as part of the latest expansionary phase, Learning Path Childcare and Llano National Bank both recently opened branches at Panther Hollow Village.

June 12, 2026

California Development Loans Mixed-Use Multifamily Retail Western

MMCC Arranges $85M in Construction Financing for Beverly Hills Mixed-Use Project

by Amy Works June 12, 2026

BEVERLY HILLS, CALIF. — Marcus & Millichap Capital Corp. (MMCC) has arranged $85 million in construction financing for the development of a 297,771-square-foot mixed-use property at 55 N. La Cienega Blvd. in Beverly Hills. Sharone Sabar of MMCC arranged the financing on behalf of a private investor through a national banking institution. The four-year construction loan was structured at 65 percent loan-to-cost. The six-story property will features 140 multifamily residences and 13,303 square feet of ground-floor retail space. The project will include a three-level subterranean parking structure with 177 spaces, extensive community gathering areas, a restaurant and bar, a coffee shop, recreation lounge, theater, wet and dry saunas, conference facilities, private workspaces and a communal kitchen, as well as a rooftop deck with a resort-style pool. Eleven units will be designated for low-income households and an additional 11 units for moderate-income households.

June 12, 2026

Leasing Activity New York Northeast Retail

Babylist Signs 20,000 SF Retail Lease in Manhattan’s SoHo District

by Taylor Williams June 12, 2026

NEW YORK CITY — Babylist has signed a 20,000-square-foot retail lease in Manhattan’s SoHo district. The lease term is 10 years, and the space spans two levels (10,000 square feet each) at 477 Broadway. Paul Popkin, Morris Dweck and Annie Squier of Lee & Associates represented the landlord, an entity doing business as 477 Realty LLC, in the lease negotiations. Lydia Bell and Cole Stapleton of Tungsten Property represented Babylist. The opening is scheduled for late summer.

June 12, 2026

Acquisitions North Carolina Retail Southeast

Wilder, Greenberg Gibbons Purchase 163,975 SF Shopping Center in Raleigh, Plan Renovations

by Abby Cox June 12, 2026

RALEIGH, N.C. — Wilder and Greenberg Gibbons have formed a joint venture to acquire Wakefield Commons, a 163,975-square-foot shopping center located in Raleigh. According to the Triangle Business Journal, an entity doing business as Mishorim Gold NC LP sold the asset for $33 million. The acquisition marks Wilder’s entry into North Carolina, as well as Greenberg Gibbon’s first purchase through its $300 million Real Estate Income Fund II. Wakefield Commons was 96.3 percent leased at the time of sale to tenants including Starbucks, Marquee Cinemas and Burn Boot Camp. Greenberg Gibbons plans to renovate and improve the shopping center. Additional details were not disclosed.

June 12, 2026

Acquisitions Retail Texas

Marcus & Millichap Arranges Sale of 62,400 SF Retail Center in East San Antonio

by Taylor Williams June 11, 2026

SAN ANTONIO — Marcus & Millichap has arranged the sale of Rigsby Avenue Shopping Center, a 62,400-square-foot retail property located on the east side of San Antonio. Built in 2002, the center is home to tenants such as Dollar Tree (anchor), Alamo City Urgent Care, Brident Dental, Baptist Health Systems, AVIS and Cato. Philip Levy of Marcus & Millichap represented the seller and procured the buyer, both of which were private investors who requested anonymity, in the transaction.

June 11, 2026

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