BEAUMONT, CALIF. — CH Realty Partners (CHRP) has secured full entitlements for Beaumont Pointe, a 622-acre industrial and commercial development in Beaumont. In early 2026, CHRP will begin construction on Phase One, encompassing 2 million square feet of industrial space spread across two buildings. Located along the south side of State Route 60 west of Jack Rabbit Trail, Beaumont Pointe will include 5 million square feet of Class A industrial and logistics space across six buildings, 246,000 square feet of general commercial space, a 125-room hotel and 277 acres of open space and conservation area. At full build-out, the project is estimated at $1.5 billion in total development value and is expected to support more than 5,400 jobs and significantly expand Beaumont’s tax base. The Contract for Difference (CFD) structure ensures infrastructure such as roads and utilities as privately funded by the project itself. Final Local Agency Formation Commission (LAFCO) approvals for annexation and water service extension were approved in July 2025.
ELK GROVE VILLAGE, ILL. — Nicholas Family of Cos. will break ground this fall on the Elk Grove Ice Arena, a new indoor ice rink in the northwest Chicago suburb of Elk Grove Village. Scheduled to open in fall 2026, the 86,261-square-foot, two-rink complex will serve the local hockey community and feature a family-friendly restaurant with rooftop access called Hatty’s Icehouse. The Elk Grove Ice Arena marks Nicholas Family’s third ice arena project in the Chicago area in one year, following its construction of the Rosemont Ice Arena opening this fall and its acquisition of Glacier Ice Arena in Vernon Hills. Nicholas also owns a fourth rink, the Mount Prospect Ice Arena at Nicholas Sportsplex. All four venues are operated by the company’s in-house sports and recreation division, Spectate Group, which plans to expand its staff to accommodate the new facilities. The company’s construction arm, Nicholas & Associates, built all of the venues except for Glacier Ice Arena. The Elk Grove site is currently occupied by a Staples office supply store, which will be torn down. Designed by ARCON Associates, the rink will feature eight general team locker rooms and eight dedicated locker rooms for Chicago Mission teams. Other elements …
SAVANNAH, GA. — First National Realty Partners (FNRP) has opened a new 22,000-square-foot Ross Dress for Less store at McAlpin Square in Savannah. The 169,690-square-foot shopping center is located at 1900 E. Victory Drive and is anchored by Kroger. Other tenants include Goodwill and the U.S. Postal Service. Ross Dress for Less is backfilling a former Big Lots store following the latter retailer’s Chapter 11 filing. With the new store, McAlpin Square is 95 percent occupied.
SAN FRANCISCO — PSRS has arranged $7.5 million in refinancing for Vista Retail in San Francisco. The four-story, 28,498-square-foot building offers creative office space and ground-floor retail space. The office portion has high ceilings, ample natural light, HVAC and operable windows. Dave Semmer of PSRS secured the nine-year loan, which features a 50 percent loan-to-value ratio and an interest-only term.
SOUTH PLAINFIELD, N.J. — JLL has negotiated the $40 million sale of a 219,848-square-foot shopping center in South Plainfield, about 40 miles southwest of New York City. Golden Acres Shopping Center was 83 percent leased at the time of sale, with grocer ShopRite serving as the anchor. Other tenants include Shoppers World, Unique Thrift Store and Wendy’s. Jose Cruz, J.B. Bruno, Kevin O’Hearn, Michael Kavaler and Joseph Lopresti represented the undisclosed seller in the transaction. The buyer was a joint venture between Agus Holdings and Treeco.
LIBERTYVILLE, ILL. — Marcus & Millichap has brokered the nearly $3 million sale of The Shops of Northwind, a 20,416-square-foot retail strip center in the Chicago suburb of Libertyville. The four-suite property at 1745 Northwind Blvd. is fully occupied. Brian Parmacek of Marcus & Millichap represented the seller, EMPSAFE LLC. The asset sold at 95 percent of the list price.
ROYAL OAK, MICH. — Alloy Personal Training has signed a 1,500-square-foot retail lease at The Griffin, an apartment complex built in 2021 in the Detroit suburb of Royal Oak. The property is located at the northeast corner of I-696 and Woodward Avenue. Owen Kelly and Michael Murphy of Gerdom Realty & Investment represented the landlord, Singh Development.
You can be a best-in-class operator with the coolest concept on the block, or you can be a well-capitalized landlord who knows all the right people, but if rapid, sustainable growth in the Boston retail market is what you seek, you might be SOL. According to local brokers, the high-demand, low-supply dynamic that currently exists in most major U.S. retail markets does not fully encapsulate the difficulties that tenants and landlords alike face in growing their footprints in the greater Boston area. As to why growing store counts or portfolios is so challenging in this market, the answer varies depending on who you ask. But a collective recap of all wide-ranging barriers to entry and disruptive forces at play paints a picture of a market that is borderline impenetrable for many tenants and perpetually stagnating for many landlords. “Boston remains an incredibly high-barrier-to-entry market,” says Zach Nitsche, director of retail capital markets in JLL’s Boston office. “A statistic we like to share with clients and industry people that haven’t historically invested in Boston and New England is that less than 5 percent of our total retail product has been constructed after the Global Financial Crisis. So far this year, the …
KATY, TEXAS — Locally based brokerage and development company NewQuest has signed leases with four food-and-beverage tenants at Texas Heritage Marketplace, the firm’s $400 million mixed-use development in the western Houston suburb of Katy. The tenants are Tex-Mex restaurant Escalante’s (5,005 square feet), pizzeria Tony C’s (4,900 square feet), Japanese food concept Aji Izakaya (2,800 square feet) and confectionary Kilwin’s (1,400 square feet). Bob Conwell led the lease negotiations for NewQuest.
DECATUR, GA. — Northwood Ravin plans to develop Halo, a 370-unit luxury apartment community in Decatur. The Charlotte-based developer plans to deliver first units next April and fully finish the five-story development by January 2027. Situated in the city’s East Decatur neighborhood, Halo will offer a mix of one-, two- and three-bedroom apartments, as well as retail and plaza space and live-work units with street-level entrances. Northwood Ravin is partnering with Eric Carlton of Oakhurst Realty Partners on the retail tenant mix. The first confirmed retail tenant is Galore Market, a neighborhood market concept from the creators of O4W Market near Krog Street Market. Planned amenities at Halo include a rooftop pool, more than 3,000 square feet of fitness space, including a private yoga studio and exercise room, gaming lawn, pergola with covered seating, outdoor movie projector, fire pit, a hidden bar with full service and surprise cocktail events, sports bar, golf simulator, pet spa and a community coworking club with an embedded coffee shop.