AUSTIN, TEXAS — Endeavor Real Estate Group has broken ground on 5th & Walsh, a 198,000-square-foot office and retail project near downtown Austin. Designed by Studio8 Architects and Lake Flato Architects, the building will consist of four floors of office space, 25,000 square feet of which Endeavor plans to occupy for its new headquarters, and 21,000 square feet of retail and restaurant space on the ground floor. Shell construction is expected to be complete in late 2028.
LITTLE ELM, TEXAS — Marcus & Millichap has brokered the sale ofIndia Bazaar Plaza, a 13,079-square-foot retail strip center in Little Elm, located in the northern-central part of the metroplex. The center was built in 2018 and was fully leased at the time of sale to an ethnic grocer of the same name and Shahnaz Salon & Threading. Scott Abeel and Philip Levy of Marcus & Millichap represented the seller and procured the buyer, both of which were private investors that requested anonymity, in the transaction.
JOLIET, ILL. — Cullinan Properties has secured more than 500,000 square feet of executed deals current or coming to Rock Run Collection, including naming five additional national and regional retail tenants alongside the previously announced Dick’s House of Sport. The announcement was made as the developer broke ground for the retail components at the 310-acre, 1.3 million-square-foot project in Joliet. The newly named retail tenants to open in 2027 include Five Below, Maurices, Spencer’s, Buckle and Milano Nail Salon. Additional tenants will be released soon. The retail portion is adjacent to the new Hollywood Casino Joliet and The View apartment complex. The 120,000-square-foot Dick’s House of Sport is the first to be built from the ground up in the Chicagoland area.
CHARLOTTE, N.C. — Cuadra Capital, a Charlotte-based real estate investment and operating firm, has acquired multiple retail and mixed-use assets totaling 250,000 square feet across North Carolina and Florida. The acquisitions include State Street Station in Greensboro, College Plaza in Winston-Salem and the Bottleworks District in Wilmington, N.C. The lone Florida acquisition was Park & King in Jacksonville. State Street Station is a 60,977-square-foot, eight-building neighborhood retail center that includes a mix of food-and-beverage, service, medical and wellness retail tenants. The firm also acquired four adjacent parcels from a local owner to expand parking capacity and improve accessibility surrounding State Street Station. College Plaza is a 50,000-square-foot shopping center located across from The Grounds, a 100-acre mixed-use district under construction. The center is home to local tenants such as Jimmy the Greek and Elizabeth’s Pizza. As part of the acquisition, Cuadra also purchased the adjacent parcel situated at 2730 University Parkway, with plans to implement capital improvements at the property. The Bottleworks District is a four-property, 100,000-square-foot mixed-use portfolio that spans three contiguous blocks. The portfolio is home to a mix of food-and-beverage, office and light industrial tenants, including Hi-Wire Brewing, The Ibis, Cugina Forno and the YMCA. Park & King …
OVIEDO, FLA. — CrossMarc Capital LP has acquired The Food Factory at Oviedo on the Park, a 14,000-square-foot, open-air dining and entertainment venue in the northeast Orlando suburb of Oviedo, for $8.3 million. The acquisition includes the Food Factory building, as well as an adjacent parcel where CrossMarc plans to develop a 3,894-square-foot, multi-tenant retail building. Construction is expected to begin in November. Approximately 1,200 square feet has already been preleased to Kilwins, an American confectionary franchise. Winter Park, Fla.-based Michael Collard Properties sourced the off-market transaction.
If there is one thing I have learned over the past year, it’s that retail buyers have not left Orlando. They have become more selective, and that selectivity is exposing the real issue in the market: there are not enough high-quality retail properties available for sale in the trade areas investors want most. Inventory remains near all-time lows throughout Central Florida, especially in established trade areas with strong demographics, excellent visibility and limited opportunities for new development. As a result, buyer demand continues to outpace the number of available opportunities. Orlando remains one of the strongest retail markets in the country, supported by healthy consumer spending, positive net absorption and a limited construction pipeline that continues to give investors confidence. For owners, this creates an important window. Properties with strong locations, durable tenancy and a clear growth story are standing out because buyers have fewer comparable alternatives to pursue. In this market, quality does not just protect value; it creates competition. One of the biggest changes I have noticed over the past few years is how buyers evaluate opportunities. A few years ago, investors moved much faster. Today, they spend more time underwriting acquisitions, reviewing lease structures and understanding the …
GLEN ALLEN, VA. — Nordstrom Inc. will open a new 30,000-square-foot Nordstrom Rack store at Westpark Shopping Center, a 179,973-square-foot retail power center located at 9645 Broad St. in Glen Allen, a northern Richmond suburb in Henrico County. The new store will backfill the former Painted Tree Boutiques store at the center. Other tenants at Westpark include Planet Fitness, Chicken Salad Chick, GolfTec, The Tile Shop and Crumbl Cookie. James Ashby IV and Annie O’Connor Brosius of Cushman & Wakefield | Thalhimer handled the lease negotiations on behalf of the landlord, InvenTrust Properties, an Illinois-based real estate investment trust (REIT) that purchased the property in 2015.
AURORA, COLO. — JLL Capital Markets has arranged the $41.2 million sale of Stanley Marketplace, a 102,125-square-foot adaptive reuse retail development located in Aurora. Jason Schmidt and Austin Snedden of JLL represented the seller, Westfield Co., in the transaction. Leon McBroom and William Haass, also of JLL, secured a five-year, $27.3 million acquisition loan through a regional bank on behalf of the buyer, Magnetic Capital. Originally constructed in 1954 as an ejection seat manufacturing facility, the redeveloped retail property is currently 98 percent leased to a mix of 54 tenants including Denver Biscuit Co., Rosenburg’s Bagels & Delicatessen, Local Drive and Bounce Gymnastics.
ALBUQUERQUE, N.M. — Faris Lee Investments has brokered the $4 million sale of a newly constructed, three-tenant retail strip center located in Albuquerque. The 5,375-square-foot property was fully leased to El Pollo Loco, Jamba and Xfinity at the time of sale. Jeff Conover, Scott DeYoung and Greg Lukosky of Faris Lee represented both the seller, a New Mexico-based developer, and the all-cash buyer, a private East Coast-based investor, in the transaction.
By Scott Olson As I look back over the last 12 months since my August 2025 Cedar Rapids update, the resilience of this city to adapt despite high interest rates, tariffs and a Middle East conflict is second to none. Our city council priorities have remained unchanged: • Housing options and affordability • Strengthen and stabilize neighborhoods • Clean and safe city • Recreational and cultural amenities • Homelessness • Flood control system The economic growth highlighted in this report is matched by city efforts in all the priority areas. Our current national rankings reflect these successes: • No. 3 Best Place to Live in the Midwest (SpaceWise, 2026) • No. 3 City with the Most Affordable Rent (WalletHub, 2026) • No. 5 Midwest City for a Peaceful Retirement (lnvestopedia, 2026) • No. 11 Most Affordable Small City to Buy a Home (WalletHub, 2026) • No. 16 Best City to Buy a House in America (Niche.com, 2026) • No. 19 Safest City in Americas (WalletHub, 2026) — ranked across key dimensions, including home and community safety and natural disaster risk and financial safety • No. 22 Best Run City in the U.S. (WalletHub, 2025) • No. 30 City with the …
