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DJM Capital Sells Gateway Center Retail Property in Mission Viejo, California for $51M

Amy Works — Mon, 02 Feb 2026 15:01:26 +0000

MISSION VIEJO, CALIF. — DJM Capital has completed the sale of Gateway Center, a retail property located in Mission Viejo’s master-planned community, to Asana Partners for $51 million. Located at 23972-24042 Alicia Parkway, Gateway Center features 79,108 square feet of retail space that is 97 percent occupied. Current tenants include Chase Bank, Starbucks Coffee, San Diego County Credit Union and Pacific Dental Services. Gleb Lvovich, Geoff Tranchina and Daniel Tyner of JLL Capital Markets represented the seller in the deal.

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Location Matters Negotiates $3.2M Sale of Single-Tenant Restaurant Property in Mission Hills, California

Amy Works — Mon, 02 Feb 2026 14:57:31 +0000

MISSION HILLS, CALF. — San Diego-based Location Matters has negotiated the $3.2 million sale of a single-tenant restaurant property located in the San Diego neighborhood of Mission Hills. Situated at 902 W. Washington St., the 2,505-square-foot building is occupied by contemporary American restaurant Harley Gray Kitchen & Bar, which has operated at the site for 12 years. Mike Spilky of Location Matters represented both the seller and the buyer in the transaction. The buyer plans to reposition the space with a new restaurant concept.

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Evergreen, Globeville Break Ground on $132M Affordable Housing Project in Denver

Amy Works — Fri, 30 Jan 2026 14:57:37 +0000

DENVER — Evergreen Real Estate Group and Globeville Redevelopment Partners, in partnership with the Denver Public Library and the city and county of Denver, have started construction on 4965 Washington Street, a five-story mixed-use community in Denver’s Globeville neighborhood. The city and county of Denver acquired the development sites in 2019 and 2023, creating a combined total of 2.7 acres. The $132 million development will transform a city-owned parcel on the site of a former car dealership into housing for families earning between 30 percent and 80 percent of the area median income. The property will feature 170 one-, two-, three- and four-bedroom apartments, with the lower level housing the first permanent Denver Public Library branch in the Globeville neighborhood, as well as a community café owned by Tierra Colectiva. Completion is slated for fall 2027. Apartments will feature open layouts with modern finishes, including vinyl plank flooring, LED lighting, kitchen with Energy Star appliances, baths with step-in showers and low-flow plumbing fixtures and in-unit laundry. Community amenities will include a fitness center, community room and reading room, along with 50,000 square feet of outdoor gathering areas. Additionally, the project will provide 111 parking spaces, including electric vehicle charging stations.…

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NAI Farbman Negotiates 4,500 SF Restaurant Lease for Culver’s in Metro Detroit

Kristin Harlow — Fri, 30 Jan 2026 14:11:14 +0000

GROSSE POINTE, MICH. — NAI Farbman, the brokerage arm of Farbman Group, has negotiated a 4,500-square-foot restaurant lease for Culver’s at 18845 Mack Ave. in Grosse Pointe, about 12 miles northeast of Detroit. The lease marks the first Culver’s location in the market. Originally constructed as a bank in 1949, the property was transformed into a dining destination. The locally owned and operated restaurant, which opened Dec. 15, features menu items such as ButterBurgers and frozen custard offerings. Harrison Yaldoo represented Culver’s and the landlord in the lease. Culver’s was founded in Wisconsin in 1984.

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CP Group Unveils Plans for Mixed-Use Redevelopment of Piedmont Center Office Campus in Atlanta’s Buckhead District

Abby Cox — Fri, 30 Jan 2026 12:45:00 +0000

ATLANTA — CP Group, an office owner and developer based in Boca Raton, Fla., has unveiled plans to redevelop Piedmont Center, a 2.2 million-square-foot office campus located off Piedmont Road in Atlanta’s Buckhead district. The firm acquired the property in June for $200 million, after the former owner, Ardent Cos., defaulted on its loan tied to Piedmont Center from Morgan Stanley. CP Group is expected to begin its overhaul of the 14-building property this year. “We’re not just updating an office park; we’re building a destination,” says Chris Eachus, founding partner of CP Group. “Piedmont Center is a perfect example of the high-value assets we target. The combination of this prime location and our reimagined master plan has already sparked immediate interest and strong leasing results.” The project team includes Atlanta-based architecture and design firms Smallwood and ASD|SKY, as well as Bethesda, Md.-based real estate consulting firm Of Place. One of the primary transformations planned for the redevelopment is a new street-level strip on Piedmont Road that is expected to include at least six restaurant concepts and various retail offerings. In the meantime, Piedmont Center has already opened LiveWire Coffee in Building 6 and has curated food truck programming options throughout…

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RealSource Group Arranges $3.2M Sale of McDonald’s-Occupied Retail Property in Southern California

Amy Works — Thu, 29 Jan 2026 14:37:01 +0000

WILDOMAR, CALIF. — RealSource Group has arranged the $3.2 million sale of a newly constructed, single-tenant restaurant property located within the Canyon Plaza retail development in Wildomar. McDonald’s occupies the 4,000-square-foot building, which includes a dual-lane prototype design, on a new 20-year absolute triple-net ground lease. Jonathan Schiffer and Austin Blodgett of RealSource represented the seller, a private Southern California-based developer. Dustin Lee of J&C Investment Group represented the buyer, a private international investor, in the transaction.

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AJ Capital Obtains $475M Construction Loan for Mixed-Use Redevelopment in Nashville

John Nelson — Wed, 28 Jan 2026 15:57:30 +0000

NASHVILLE, TENN. — AJ Capital Partners has obtained a $475 million construction loan for Belle Meade Village, a 15.5-acre retail and residential village underway in Nashville. Located on the border of Belle Meade, Tenn., the project is a redevelopment of an under-utilized shopping center. Raymond James Real Estate Investment Banking arranged the financing through Barings on behalf of AJ Capital. Belle Meade Village will feature 1 Iris Lane, The Residences at Belle Meade Village, which are a pair of two 46-unit condominium buildings. The condos have a starting price of $3 million and come in one- to four-bedroom layouts. Residents have access to 16,000 square feet of amenity space, including high-end fitness and wellness features and private wine and cigar rooms, among other attractions. The project also includes a five-acre private park and a central courtyard space with an antique carousel surrounded by a seven-building retail village that will feature local and global brands, a private members’ club and a boutique hotel. AJ Capital broke ground on Belle Meade Village last October, with plans to wrap up construction by 2028. The design-build team includes Meyer Davis (interior design for 1 Iris Lane), Brasfield & Gorrie (general contractor), Barge Civil Associates…

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CBRE Arranges $57.6M Refinancing for First Street Napa Mixed-Use Property in California

Amy Works — Wed, 28 Jan 2026 15:00:25 +0000

NAPA, CALIF. — CBRE has arranged a $57.6 million loan for the refinancing of First Street Napa, a Class A mixed-use property in downtown Napa. Brad Zampa and Andy Gross of CBRE secured the loan through Knighthead Funding on behalf of the borrower, Zapolski Real Estate. Located at 1300 First St., the property features 163,000 square feet of retail, dining, tasting rooms and office space across six buildings. First Street Napa is currently 88 percent leased to a variety of tenants, including Lululemon, Compass, Free People and Silicon Valley Bank, with new retail additions to include Blue Bottle Coffee, Daily Recess and the Don Perico restaurant.

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LRE & Co to Develop 10,000 SF Commercial Project in Medford, Oregon

Amy Works — Fri, 23 Jan 2026 14:44:02 +0000

MEDFORD, ORE. — LRE & Co has announced plans to develop a 10,000-square-foot commercial project in Medford. Located along Crater Lake Highway (Highway 62) in the Tower Business Park, the project will offer 10,000 square feet of commercial space, including a 4,000-square-foot quick-service restaurant with a drive-thru and a 6,000-square-foot multi-tenant retail building with a drive-thru. The property will also include approximately 98 parking spaces. LRE & Co is currently working through the city’s entitlement process, including site plan review with the Medford site plan and architectural commission. Tenant announcements and construction timelines will be released as the project advances through the city’s approval process.

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Hanley Brokers $4.8M Sale of Southern California Restaurant Leased to Starbucks

Amy Works — Fri, 16 Jan 2026 14:01:32 +0000

PERRIS, CALIF. — Hanley Investment Group Real Estate Advisors has brokered the $4.8 million sale of a newly constructed, single-tenant retail property located in the Inland Empire city of Perris. A Starbucks café and drive-thru occupies the 2,200-square-foot building on a 10-year triple-net corporate lease with 10 percent rental increases every five years. Bill Asher and Jeff Lefko of Hanley represented the seller and developer, Yellow Rose Ranch LLC, an affiliate of The Lynch Group. Betty Gulezyan of I.D.L. Home represented the buyer, a private investor based in Newport Beach, Calif. Hanley Investment Group has sold 18 single-tenant Starbucks properties totaling $55 million in the past 18 months.

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Mavin Capital Sells Buffalo Wild Wings-Occupied Property in Farmington, New Mexico for $2.8M

Amy Works — Mon, 12 Jan 2026 14:47:51 +0000

FARMINGTON, N.M. — Mavin Capital has completed the disposition of a single-tenant restaurant property located at 2700 E. Main St. in Farmington. FCPT Acquisitions LLC c/o Four Corners Property Trust purchased the property for $2.8 million. Buffalo Wild Wings occupies the 6,178-square-foot building, which includes a drive-thru, ample parking and prominent frontage on Main Street, on a triple-net lease basis. Cushman & Wakefield’s Chris Hollenbeck and Shane Carter, along with local broker of record Brett Preston of PIRES International (part of the Cushman & Wakefield Alliance), represented the seller in the transaction.

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Crescent Sells Mixed-Use Building in Charlotte to Invesco for $58M

John Nelson — Wed, 07 Jan 2026 14:41:20 +0000

CHARLOTTE, N.C. — Locally based developer Crescent Communities has sold Elizabeth on Seventh, a 105,000-square-foot mixed-use building in Charlotte. Atlanta-based Invesco purchased the four-story, LEED-certified property for $58 million, according to the Charlotte Business Journal. Completed in 2022, Elizabeth on Seventh is located at the intersection of East Seventh Street and North Caswell Road and offers boutique office space and 22,000 square feet of ground-level retail space. The property’s office tenants include Abry Partners, Abundant Power, Adams Beverages, Becker Morgan Group, Bowman and Brooke, Brown Brothers Harriman and Influencable. Retail and restaurant tenants include Barre3, Catalina Kitchen + Bar, Rosemont Market & Wine Bar and The Yard Milkshake Bar.

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Investor Confidence in Inland Empire Retail Remains Strong

John Nelson — Wed, 07 Jan 2026 12:28:00 +0000

— By Bill Asher of Hanley Investment Group Real Estate Advisors — The Inland Empire continues to demonstrate its resilience as one of Southern California’s most dynamic retail investment markets. In the third quarter of 2025, transaction activity accelerated, pricing held firm and cap rates compressed, underscoring investor confidence in the region’s long-term fundamentals. Even with vacancy rising and rent growth moderating, investment trends point to a market adjusting as capital continues to favor necessity-based, internet-resistant formats. According to CoStar, 73 retail properties traded in third-quarter 2025 compared to 48 in the same quarter of 2024. Average cap rates declined from 7.2 percent to 6 percent year over year, signaling stronger pricing and heightened demand. Single-tenant net lease properties led the surge, with 46 transactions in third-quarter 2025 versus 28 a year earlier. Average cap rates tightened to 5.9 percent, down from 6.8 percent in third-quarter 2024. Multi-tenant retail also showed healthy demand, with 22 properties sold in third-quarter 2025 versus 20 in third-quarter 2024, and average cap rates compressed from 7.4 percent to 6.2 percent. This momentum reflects a convergence of factors that shaped the second half of 2025. Pent-up demand and impatient capital deployed equity as many sellers…

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CBRE Arranges $57.6M Refinancing for First Street Napa Mixed-Use Property in California

Amy Works — Tue, 23 Dec 2025 14:48:40 +0000

NAPA, CALIF. — CBRE has arranged $57.6 million in refinancing for First Street Napa, a Class A mixed-use property in downtown Napa. Brad Zampa and Mike Walker of CBRE’s Debt and Structured Finance team in San Francisco secured the five-year, nonrecourse floating-rate loan from an East Coast-based debt fund on behalf of NTC Shops LLC. Located at 1300 First St., the property features 162,000 square feet of retail, dining, tasting rooms and office space across six buildings. The asset is currently 90 percent leased to a variety of tenants, including Lululemon, Free People, Hestan and Silicon Valley Bank.

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D.C. Retail Remains a Great Opportunity, If You Know Where to Look

John Nelson — Mon, 22 Dec 2025 14:33:27 +0000

The Washington, D.C., commercial real estate market is intricate, shaped by broad economic trends and local dynamics. The recent federal government shutdown underscored ongoing challenges, intensifying uncertainty and slowing local transactions. Continued ambiguity around trade and tariff policies further complicates business planning, adding to the region’s cautious dealmaking environment. Anxiety affects the region’s key economic source: federal workers and contractors, who make up 40 percent of its economy. Since January 2025, federal job losses here have outpaced the national average, increasing the risk of a local slowdown. Despite the area’s wealth, ongoing job uncertainty should guide all investment and operational choices. The interplay between federal employment trends and local business activity means that investors and operators must remain vigilant, adapting strategies to respond to shifting workforce dynamics and consumer sentiment. Tale of two marketsThe D.C. retail market is split: downtown faces challenges due to office vacancies and low weekday traffic, while suburban and residential-heavy urban areas are thriving. Affluent spots in Northern Virginia and Suburban Maryland have the lowest vacancy rates thanks to stable local shoppers. These areas benefit from consistent foot traffic and resilient spending patterns, which help insulate them from broader economic volatility. From a capital markets perspective,…

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Perform Properties Signs Six New Tenants to One Colorado Shopping Center in Pasadena

Amy Works — Fri, 19 Dec 2025 14:14:27 +0000

PASADENA, CALIF. — Perform Properties has signed six new leases at One Colorado, a 240,000-square-foot urban lifestyle center in Pasadena. Contemporary Mexican restaurant Javier’s and New York-based fashion brand rag & bone are already open at the property. The recent openings coincided with the debut of the redesigned courtyard, which features a series of outdoor “rooms.” Meanwhile, various concepts such as Sundays, Monarch Athletic Club, Sockerbit and Thaim will launch in 2026. Additional tenants at One Colorado include The Cheesecake Factory, Anthropologie, Alo Yoga, The Container Store, Sephora and Vuori.

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Strategic Property Partners to Develop Entertainment District in Downtown Tampa

Abby Cox — Fri, 19 Dec 2025 12:45:00 +0000

TAMPA, FLA. — Strategic Property Partners (SPP) has announced plans to develop an entertainment district in downtown Tampa. The district is proposed for a vacant parcel across from Benchmark International Arena, the 19,092-seat home of the NHL’s Tampa Bay Lightning. Situated on Channelside Drive between Morgan and Jefferson streets, the new district will support the broader $3 billion Water Street Tampa neighborhood. SPP plans to partner with Lightning owner Vinik Sports Group (VSG) to manage the entertainment venue, which will be privately financed. “Water Street Tampa was designed to evolve, and this entertainment district is the next step in completing the larger vision,” says Josh Taube, CEO of SPP. “Water Street Tampa is a dynamic neighborhood with waterfront, public spaces, residences, retail, hotels and offices all connected through a walkable experience. This project activates the western edge of the neighborhood by adding an entertainment energy through live music and cultural experiences, strengthening ‘WST’ as a preeminent destination.” Upon full build-out, Tampa’s new entertainment district will include a 3,500-seat music and performance venue for rising and mid-tier touring artists; a 250-room hotel; and 100,000 square feet of retail, dining and entertainment space. SPP aims to break ground on the project in…

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Hanley Investment Group Brokers $3.9M Sale of Multi-Tenant Retail Building in Lancaster, California

Amy Works — Tue, 16 Dec 2025 14:28:36 +0000

LANCASTER, CALIF. — Hanley Investment Group Real Estate Advisors has directed the sale of a multi-tenant retail property located adjacent to Smart & Final Extra! at Antelope Valley Plaza in Lancaster. PacWest Management sold the property to an Orange County, Calif.-based private investor for $3.9 million. Ayda Kach and Sean Cox of Hanley Investment Group represented the seller, while Samer Khalil of Newmark represented the buyer in the deal. Located at 2062-2072 W. Ave. J, the 8,119-square-foot property is fully leased to a variety of tenants, including Pho Shop, Sub-Machine, Boba Tea, Salvadorian Restaurant, La Ramadita and The Best Ceviche. Antelope Valley Plaza offers 127,000 square feet of retail space.

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Hungry Habibi Signs 1,228 SF Restaurant Lease in Shelby Township, Michigan

Kristin Harlow — Tue, 16 Dec 2025 14:23:16 +0000

SHELBY TOWNSHIP, MICH. — Hungry Habibi has signed a 1,228-square-foot lease to open at The Shops at Nottinghill Village in Shelby Township. The lease marks the fast-casual Mediterranean restaurant’s third location in Michigan. Michael Murphy of Gerdom Realty & Investment represented the landlord, Beztak Properties. Zoran Saveski of Esoteric Realty represented the tenant.

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SRS Real Estate Brokers $6.8M Sale of Panera Bread-Occupied Retail Property in San Bernardino

Amy Works — Mon, 15 Dec 2025 14:42:03 +0000

SAN BERNARDINO, CALIF. — SRS Real Estate Partners has arranged the sale of a single-tenant restaurant property located at 4268 N. Varsity Ave. in San Bernardino. A California-based investor acquired the property from Paragon Commercial Group for $6.8 million, or $1,404 per square foot. Panera Bread occupies the 3,986-square-foot property, which was built in 2024, on a 15-year absolute triple-net lease basis. Patrick Luther and Matthew Mousavi of SRS Capital Markets represented the seller in the deal. SRS’ Nick Wirick is handling leasing for the property. This is the second parcel of a break-up strategy SRS has executed on behalf of Paragon Commercial Group — the first being the sale of a Dutch Bros Coffee property that was sold in July 2025 for $2.8 million. In total, the value of the sold assets is $9.6 million.

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