REBusinessOnline https://rebusinessonline.com/ Commercial Real Estate from Coast to Coast Tue, 10 Mar 2026 14:52:23 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.1 https://rebusinessonline.com/wp-content/uploads/2020/09/cropped-REBusiness-logo-512px-32x32.png REBusinessOnline https://rebusinessonline.com/ 32 32 Atlantic Pacific Acquires 314-Unit Reserve at Canyon Creek Apartments in San Antonio https://rebusinessonline.com/atlantic-pacific-acquires-314-unit-reserve-at-canyon-creek-apartments-in-san-antonio/ Tue, 10 Mar 2026 14:50:45 +0000 https://rebusinessonline.com/?p=452084 SAN ANTONIO — An affiliate of Miami-based investment firm Atlantic Pacific Cos. has acquired Reserve at Canyon Creek, a 314-unit apartment community in San Antonio. Reserve at Canyon Creek is located on the city’s northwest side and offers one-, two- and three-bedroom units that range in size from 676 to 1,657 square feet. Amenities include a pool, fitness center, resident clubhouse and a pet park. The new ownership plans to implement a multimillion-dollar renovation program that will upgrade unit interiors, enhance amenity spaces and deliver exterior building improvements. The seller and sales price were not disclosed.

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Eastham Capital Sells 248-Unit Stone Ridge Apartments in Texas City, Texas https://rebusinessonline.com/eastham-capital-sells-248-unit-stone-ridge-apartments-in-texas-city-texas/ Tue, 10 Mar 2026 14:47:35 +0000 https://rebusinessonline.com/?p=452080 TEXAS CITY, TEXAS — Florida-based real estate private equity firm Eastham Capital has sold Stone Ridge, a 248-unit apartment complex in Texas City, a southeastern suburb of Houston. The property offers one- and two-bedroom units with an average size of 446 square feet. Amenities include a pool, clubhouse, fitness center and a basketball court. Eastham acquired the property in 2018 in a joint venture with Mosaic Residential and subsequently implemented capital improvements. The buyer and sales price were not disclosed.

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JLL Brokers Sale of 172-Unit Apartment Complex in Boerne, Texas https://rebusinessonline.com/jll-brokers-sale-of-172-unit-apartment-complex-in-boerne-texas/ Tue, 10 Mar 2026 14:21:16 +0000 https://rebusinessonline.com/?p=452077 BOERNE, TEXAS — JLL has brokered the sale of Oxbow Hill Country, a 172-unit apartment complex in Boerne, located northwest of San Antonio. Built on 6.8 acres in 2003, the nine-building property offers one-, two- and three-bedroom units and amenities such as a pool, fitness center, dog park and outdoor grilling and dining stations. Robert Wooten, Robert Arzola and Ryan McBride of JLL represented the seller, California-based Brixton Capital, in the transaction. The buyer was Steadfast Cos.

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U.S. LawShield Signs 16,071 SF Office Lease at East River in Houston https://rebusinessonline.com/u-s-lawshield-signs-16071-sf-office-lease-at-east-river-in-houston/ Tue, 10 Mar 2026 14:17:01 +0000 https://rebusinessonline.com/?p=452075 HOUSTON — U.S. LawShield has signed a 16,071-square-foot office lease at East River, a 150-acre mixed-use project in Houston’s Historic Fifth Ward. The national legal defense membership program will occupy the entire fifth floor of Building C. Amanda Nebel and Eric Seigrist of Cushman & Wakefield represented the landlord, Midway, in the lease negotiations. Hugh Herman, also with Cushman & Wakefield, represented U.S. LawShield.

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Stream Realty Arranges $52.5M Sale of Watergate 600 Office Building in D.C. https://rebusinessonline.com/stream-realty-arranges-52-5m-sale-of-watergate-600-office-building-in-d-c/ Tue, 10 Mar 2026 14:11:41 +0000 https://rebusinessonline.com/?p=452073 WASHINGTON, D.C. — Stream Realty Partners has arranged the sale of Watergate 600, a 12-story, 316,000-square-foot office building located at 600 New Hampshire Ave. N.W. in Washington, D.C.’s East End district. The buyer and sales price were not disclosed, but the Washington Business Journal reports that an affiliate of locally based Jetset Hospitality purchased the building for $52.5 million. Elme Communities, formerly known as Washington Real Estate Investment Trust, sold the property amid liquidating all of its assets and dissolving its business, according to the Washington Business Journal. Matt Pacinelli, Charlie Smiroldo and Lukas Stanat of Stream Realty represented Jetset in the transaction, while JLL represented the seller. The new owner has tapped Pacinelli, along with Tim McCarty, John Klinke and Josh McDonald of Stream Realty, to handle leasing at Watergate 600, which has a 125,000-square-foot top-block office space available. Amenities at the waterfront office building include a wraparound terrace on the seventh floor offering views of the Potomac River, a new lobby designed by LSM, new conference and event facilities, a modern fitness center and newly updated windows and elevators.

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Foxfield Acquires New Life Sciences Facility in Metro Raleigh Leased to Kryosphere https://rebusinessonline.com/foxfield-acquires-new-life-sciences-facility-in-metro-raleigh-leased-to-kryosphere/ Tue, 10 Mar 2026 14:05:54 +0000 https://rebusinessonline.com/?p=452071 MORRISVILLE, N.C. — Foxfield has purchased 3503 Page Road, a newly built, 57,000-square-foot life sciences building located in Morrisville, about 14 miles west of Raleigh. The seller and sales price were not disclosed. Kryosphere, a biorepository solutions and cold chain logistics user, operates the facility under a 12-year net lease. The company has invested $5 million into the specialized build-out for pharmaceutical-grade cold storage infrastructure, with plans for an additional $5 million investment for equipment upgrades, according to Foxfield. Built in 2025, 3503 Page Road is situated within the World Trade Park industrial park and offers direct connectivity to I-40, I-540 and Raleigh-Durham International Airport. The building features industrial space, lab support and research-and-development space, as well as 24-foot clear heights.

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Sands Investment Group Brokers $23.4M Sale of Kroger-Anchored Center in Metro Atlanta https://rebusinessonline.com/sands-investment-group-brokers-23-4m-sale-of-kroger-anchored-center-in-metro-atlanta/ Tue, 10 Mar 2026 14:04:05 +0000 https://rebusinessonline.com/?p=452069 LAWRENCEVILLE, GA. — Sands Investment Group has brokered the $23.4 million sale of River Exchange Shopping Center, a 273,023-square-foot, Kroger-anchored shopping center located in Lawrenceville, roughly 30 miles northeast of downtown Atlanta. Liam Rowan and Tyler Baughman of Sands represented the seller, a joint venture between BASH Capital, Dragonfly Investments and Baltimore-based America’s Realty LLC, and the buyer, an entity doing business as Vishal River Exchange LLC, in the transaction. SouthState Bank provided acquisition financing. River Exchange was 80 percent leased at the time of sale to tenants including Goodwill, ReStore, Citi Trends, Cato Fashions, Farmers Furniture, Subway, Riverside Pizza and Cosmetic Dental.

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Benderson Launches Redevelopment of 300,000 SF Downtown Tampa Office Building https://rebusinessonline.com/benderson-launches-redevelopment-of-300000-sf-downtown-tampa-office-building/ Tue, 10 Mar 2026 14:03:00 +0000 https://rebusinessonline.com/?p=452063 TAMPA, FLA. — Benderson Development has begun the transformation of 702 North Franklin Street, a 300,000-square-foot office building in downtown Tampa. The nine-story property was formerly the longtime corporate headquarters building for Tampa Electric (TECO) and Peoples Gas. Benderson has tapped CBRE to lease and market the building’s office space, while Benderson will lease the property’s 20,000 square feet of ground-level retail space. The renovations will include extensive work on the building’s façade, including new signage opportunities for future tenants, as well as interior upgrades.

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JLL Arranges $16.4M Loan for Refinancing of Brooklyn Multifamily Property https://rebusinessonline.com/jll-arranges-16-4m-loan-for-refinancing-of-brooklyn-multifamily-property/ Tue, 10 Mar 2026 13:49:42 +0000 https://rebusinessonline.com/?p=452060 NEW YORK CITY — JLL has arranged a $16.4 million loan for the refinancing of CIRRUS, a 46-unit multifamily property in Brooklyn’s Prospect Lefferts Gardens neighborhood that was completed in 2024. Designed by AB Architekten with interiors by SR Projects, CIRRUS offers studio and one-bedroom apartments and amenities such as a fitness studio, coworking lounge, package room and a sky lounge with grills, a wet bar and dining areas. Aaron Niedermayer, Robert Tonnessen and John Flynn of JLL arranged the loan on behalf of the owner, New York City-based developer Astral Weeks. The direct lender was not disclosed.

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Marcus & Millichap Negotiates $14.3M Sale of Shopping Center in Rocky Hill, Connecticut https://rebusinessonline.com/marcus-millichap-negotiates-14-3m-sale-of-shopping-center-in-rocky-hill-connecticut/ Tue, 10 Mar 2026 13:35:31 +0000 https://rebusinessonline.com/?p=452058 ROCKY HILL, CONN. — Marcus & Millichap has negotiated the $14.3 million sale of Big Y Plaza, a 60,497-square-foot shopping center in Rocky Hill, located south of Hartford. Built on 14 acres in 1988, the center was fully leased at the time of sale to the namesake grocer and Wells Fargo. Joseph French Jr., Jeffrey Stearney and John Krueger of Marcus & Millichap represented the Connecticut-based seller in the transaction and procured the buyer, a New York-based investor. Both parties requested anonymity.

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Wingtat Cargo Signs 96,000 SF Industrial Lease in South Amboy, New Jersey https://rebusinessonline.com/wingtat-cargo-signs-96000-sf-industrial-lease-in-south-amboy-new-jersey/ Tue, 10 Mar 2026 13:31:01 +0000 https://rebusinessonline.com/?p=452056 SOUTH AMBOY, N.J. ­— Wingtat Cargo has signed a 96,000-square-foot industrial lease in South Amboy, about 30 miles south of New York City. The shipping company is taking space within the newly constructed, 152,100-square-foot warehouse and distribution building at 111 Main St. Gary Politi and Michael Viera of JLL represented the landlord, a partnership between Woodmont Industrial Partners and Joseph Jingoli & Son Inc., in the lease negotiations. Jimo Liu of Cushman & Wakefield represented the tenant.

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EverybodyFights to Open 28,000 SF Gym at Hood Park in Charlestown, Massachusetts https://rebusinessonline.com/everybodyfights-to-open-28000-sf-gym-at-hood-park-in-charlestown-massachusetts/ Tue, 10 Mar 2026 13:28:03 +0000 https://rebusinessonline.com/?p=452054 CHARLESTOWN, MASS. — EverybodyFights will open a 28,000-square-foot gym in Charlestown, located north of Boston, that will be the fitness concept’s third in the state capital area. The space is located within Hood Park, a 20-acre mixed-use redevelopment of the former H.P. Hood & Sons dairy production facility. The gym will feature an infrared sauna, cold plunge tub, Normatec recovery tools, onsite physical therapy services and a dedicated member lounge. The opening is scheduled for December.

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Granite Capital Group Divests of 105-Unit Multifamily Property in Fort Collins, Colorado https://rebusinessonline.com/granite-capital-group-divests-of-105-unit-multifamily-property-in-fort-collins-colorado/ Tue, 10 Mar 2026 13:20:08 +0000 https://rebusinessonline.com/?p=452026 FORT COLLINS, COLO. — California-based Granite Capital Group has sold Enclave Rigden Farm, a multifamily property in Fort Collins, to Avanti Residential for $40.8 million, or $389,285 per unit. Located at 2758 Iowa Drive, Enclave Ridge Farm features 105 townhome-style apartments with direct access to car garages and private patios. Built in 2007, the property was 95 percent occupied at the time of sale. Robert Bratley, Jack Sanders, Mike Grippi and Pamela Koster of Berkadia represented the seller in the transaction. The Berkadia team also arranged financing for the deal.

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Sweet Creek Capital to Develop 70-Unit Rental Townhome Community in Castle Pines, Colorado https://rebusinessonline.com/sweet-creek-capital-to-develop-70-unit-rental-townhome-community-in-castle-pines-colorado/ Tue, 10 Mar 2026 13:19:12 +0000 https://rebusinessonline.com/?p=452029 CASTLE PINES, COLO. — Sweet Creek Capital, a newly launched Denver-based real estate investment and development firm, is developing The Peaks at Canyons, a rental townhome property in Castle Pines. The project is being developed in partnership with Oakwood Homes, with construction financing provided by FirstBank, now part of PNC. Slated for completion in late 2027, the community will feature 40 three-bedroom and 30 four-bedroom residences, each with 3.5 bathrooms and a private attached two-car garage. Ranging from 1,410 square feet to 1,760 square feet, the townhomes will feature modern architecture, quartz countertops, vinyl plank flooring, smart home technology, stainless steel appliances and nine-foot ceilings. Community amenities will include The Exchange Coffee House and The Canyon House Kitchen + Cocktails, two community-focused gathering spots providing dining, social space and year-round programming. The project is located within The Canyons master-planned community at the intersection of Canyonside Boulevard and Canyon Forge Drive.

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CSME Partners Sells 83,527 SF Industrial Building in Compton, California https://rebusinessonline.com/csme-partners-sells-83527-sf-industrial-building-in-compton-california/ Tue, 10 Mar 2026 13:17:36 +0000 https://rebusinessonline.com/?p=452023 COMPTON, CALIF. — CSME Partners LLC has completed the disposition of an industrial property located at 1800 S. Anderson Ave. in Compton. Yueji Inc. acquired the asset in a transaction valued at $28.2 million. Yuejie, a freight forwarding company, will use the 83,527-square-foot property for warehouse and distribution services, including port-oriented distribution space to serve customers across the Los Angeles Basin. Nick Buss, Frank Schulz and Tyler Rollema of The Klabin Co. represented the seller, while Andrew Dilfer, Luke Staubitz and Harvey Beesen of Kidder Mathews represented the buyer in the deal.

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Hanley Investment Group Arranges $6.9M Sale of Two Retail Pad Sites in Murrieta, California https://rebusinessonline.com/hanley-investment-group-arranges-6-9m-sale-of-two-retail-pad-sites-in-murrieta-california/ Tue, 10 Mar 2026 13:14:46 +0000 https://rebusinessonline.com/?p=452032 MURRIETA, CALIF. — Hanley Investment Group Real Estate Advisors has arranged the $6.9 million sale of two single-tenant retail pads at the intersection of California Oaks Road and Jackson Avenue in Murrieta. A private developer based in Orange County, Calif., sold the properties to a private 1031 exchange investor based in California’s Central Valley. Sean Cox and Bill Asher of Hanley Investment Group represented the seller, while Brendan Tyoran and Jake Linsky of Matthews Real Estate Investment Services represented the buyer in the deal. The two-tenant property features two separate, stand-alone pads on a 1.78-acre parcel. Built in 2022, Quick Quack Car Wash occupies the 4,126-square-foot property at 40640 California Oaks Road on a 20-year absolute triple-net ground lease with approximately 17 years remaining, including 12 percent rental increases every five years and multiple renewal options. Popeyes, which closed on a lease prior to the sale, will begin construction on a 1,983-square-foot restaurant at 40642 California Oaks Road. The tenant signed a 20-year, absolute triple-net ground lease with 10 percent rental increases every five years.

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NAI Hiffman Negotiates Long-Term Lease Renewal for Silver Cross Hospital in New Lenox, Illinois https://rebusinessonline.com/nai-hiffman-negotiates-long-term-lease-renewal-for-silver-cross-hospital-in-new-lenox-illinois/ Tue, 10 Mar 2026 13:11:42 +0000 https://rebusinessonline.com/?p=452044 NEW LENOX, ILL. — NAI Hiffman has negotiated a long-term lease for Silver Cross Hospital at 1890 Silver Cross Blvd. in New Lenox. The 174,855-square-foot, six-story medical office building is known as Pavilion A. Immediately following execution of the lease, the building was sold for $88.6 million to Chicago-based Farpoint and Dallas-based The Landes Group. The transaction included the renegotiation of Silver Cross’ existing lease and established Silver Cross as the largest tenant in the building, which is 96 percent occupied. Silver Cross will retain its footprint on the first and lower-level floors plus the upper levels. Existing healthcare providers, including the Shirley Ryan AbilityLab at Silver Cross, Duly Health and Care, DaVita, Rush University Medical Center and UChicago Medicine will also remain in place. Perry Higa of NAI Hiffman represented Silver Cross in the lease, which was completed at a net per-square-foot rate below the early renewal rate he negotiated on behalf of the tenant in May 2025. NAI Hiffman has also been retained as leasing agent for the building, which was constructed in 2012. Hiffman National will serve as property manager. Chris Bodnar of CBRE represented the sellers, PGIM Real Estate and NexCore Group.

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Cavan Cos. to Develop 153-Unit Build-to-Rent Community in Kansas City https://rebusinessonline.com/cavan-cos-to-develop-153-unit-build-to-rent-community-in-kansas-city/ Tue, 10 Mar 2026 13:10:59 +0000 https://rebusinessonline.com/?p=452042 KANSAS CITY, MO. — Cavan Cos. has unveiled plans to develop The Bungalows at Maple Woods, a 153-unit build-to-rent (BTR) community in Kansas City’s Northland corridor. Horizontal construction is expected to begin in June, with vertical construction anticipated six to eight months thereafter. The 16-acre site is located near Maple Woods Community College. The single-story residences will come in one-, two- and three-bedroom layouts with private fenced backyards, garages and access to a community clubhouse and fitness center. Cavan’s expansion into the Kansas City market builds upon its existing presence in Omaha, where the company operates two BTR communities and is in the process of closing on a third location. The Bungalows is its flagship brand.

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Evergreen Real Estate Group Breaks Ground on 120-Unit Affordable Assisted Living Community Near Columbus https://rebusinessonline.com/evergreen-real-estate-group-breaks-ground-on-120-unit-affordable-assisted-living-community-near-columbus/ Tue, 10 Mar 2026 13:10:26 +0000 https://rebusinessonline.com/?p=452039 CANAL WINCHESTER, OHIO — Evergreen Real Estate Group has broken ground on Green Oaks of Canal Winchester, a 120-unit affordable assisted living community rising four stories in Canal Winchester, about 12 miles southeast of downtown Columbus. Completion is slated for March 2027. The property will offer 67 studio and 53 one-bedroom apartments for seniors across a range of income levels, including those who qualify for Medicaid benefits. Gardant Management Solutions will operate the community, which will be licensed as a residential care facility by the Ohio Department of Health and approved as a Medicaid-assisted living service provider through the Ohio Department of Aging. A large commercial kitchen and dining room will serve three meals and snacks throughout the day. The community will feature a fitness room, beauty salon, game room, activity rooms, resident computer stations, a library, community rooms and lounges. Certified staff will be on site 24 hours per day, and the property will provide transportation to local stores and service providers. The Ohio Housing Finance Agency approved the project for 4 percent Low-Income Housing Tax Credits and issued tax-exempt private activity bonds to support the development. The bonds were underwritten and placed by D.A. Davidson. The project team…

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Greenstone Partners Brokers $19.5M Sale of Retail Center in Chicago https://rebusinessonline.com/greenstone-partners-brokers-19-5m-sale-of-retail-center-in-chicago/ Tue, 10 Mar 2026 13:09:41 +0000 https://rebusinessonline.com/?p=452036 CHICAGO — Greenstone Partners has brokered the $19.5 million sale of a 54,000-square-foot retail center located at 1415-1417 N. Kingsbury St. in Chicago’s Clybourn Corridor. A venture between Chicago-based Honore Properties and Peerless Development acquired the fully leased property. Danny Spitz and AJ Patel of Greenstone represented the seller, Los Angeles-based Westwood Financial. The transaction marks the fourth acquisition in the immediate corridor for Honore and Peerless. Spitz previously represented the venture in the acquisition of the adjacent property at 821 W. Eastman St. Originally acquired by Westwood in 2017 via a loan assumption structure, the Kingsbury center underwent a significant repositioning following the departure of Buy Buy Baby. In 2023, ownership executed a lease-up strategy by securing Sky Zone on a 10-year lease for 35,386 square feet. The center is also home to PetSmart, which has operated an 18,524-square-foot store since 2012. The property also features a redevelopment component. The asset includes nearly 500,000 square feet of transferable air rights, creating a future high-density multifamily development opportunity. Dean Giannakopoulos of Marcus & Millichap Capital Corp. arranged $13.7 million in acquisition financing through Great Southern Bank.

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