REBusinessOnline https://rebusinessonline.com/ Commercial Real Estate from Coast to Coast Mon, 14 Sep 2026 16:11:49 +0000 en-US hourly 1 https://wordpress.org/?v=7.0.4 https://rebusinessonline.com/wp-content/uploads/2020/09/cropped-REBusiness-logo-512px-32x32.png REBusinessOnline https://rebusinessonline.com/ 32 32 Park Aerospace to Open $65M Manufacturing Facility in Tulsa, Create 100 Jobs https://rebusinessonline.com/park-aerospace-to-open-65m-manufacturing-facility-in-tulsa-create-100-jobs/ Mon, 14 Sep 2026 14:49:01 +0000 https://rebusinessonline.com/?p=465838 TULSA, OKLA. — Park Aerospace Corp. (NYSE: PKE) will open a $65 million manufacturing facility in Tulsa, a project that is expected to add about 100 new jobs to the local economy. The square footage was not disclosed. The site spans 18 acres on the north side of Tulsa International Airport, and the facility will be used to manufacture advanced composite materials for the defense and aerospace sectors. Construction is expected to begin in the coming weeks and to be complete in 2028.

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Endeavor Breaks Ground on 198,000 SF Office, Retail Project Near Downtown Austin https://rebusinessonline.com/endeavor-breaks-ground-on-198000-sf-office-retail-project-near-downtown-austin/ Mon, 14 Sep 2026 14:46:35 +0000 https://rebusinessonline.com/?p=465835 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.

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CBRE Negotiates Sale of Two Industrial Buildings Leased to Tesla in Fort Worth Area https://rebusinessonline.com/cbre-negotiates-sale-of-two-industrial-buildings-leased-to-tesla-in-fort-worth-area/ Mon, 14 Sep 2026 14:41:27 +0000 https://rebusinessonline.com/?p=465832 FORT WORTH AND FLOWER MOUND, TEXAS — CBRE has negotiated the sale of two newly constructed industrial buildings in the Fort Worth area that are both leased to Tesla. The building at 5812 North Freeway in Fort Worth totals 50,840 square feet, and the building at 1805 Justin Road in Flower Mound, a northern suburb, totals 51,371 square feet. Anthony DeLorenzo, Sammy Cemo and Bryan Johnson of CBRE represented the undisclosed seller in the transactions. The name of the buyer(s) was also not disclosed.

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Marcus & Millichap Brokers Sale of 13,079 SF Retail Strip Center in Little Elm, Texas https://rebusinessonline.com/marcus-millichap-brokers-sale-of-13079-sf-retail-strip-center-in-little-elm-texas/ Mon, 14 Sep 2026 14:36:13 +0000 https://rebusinessonline.com/?p=465830 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.

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BridgeInvest Provides $87.9M Acquisition Loan for Industrial Facility in San Francisco https://rebusinessonline.com/bridgeinvest-provides-87-9m-acquisition-loan-for-industrial-facility-in-san-francisco/ Mon, 14 Sep 2026 14:15:51 +0000 https://rebusinessonline.com/?p=465783 SAN FRANCISCO — BridgeInvest, an investment manager specializing in senior-secured real estate credit, originated an $87.9 million first priority acquisition loan and lease-up of 300 Kansas Street, a six-story Class A research and development property in San Francisco’s Mission bay submarket. Constructed in 2023, the 152,000-square-foot property will continue to be leased and stabilized by the sponsors, Lincoln Property Co. and Sabal Investment Holdings.The loan was originated through BridgeInvest Credit Fund V LP, the firm’s evergreen discretionary fund focusing on first-lien loans across a diversified set of real estate asset types.

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Taylor Morrison Sells 424-Unit West End District Multifamily Property in Beaverton, Oregon https://rebusinessonline.com/taylor-morrison-sells-424-unit-west-end-district-multifamily-property-in-beaverton-oregon/ Mon, 14 Sep 2026 14:14:29 +0000 https://rebusinessonline.com/?p=465693 BEAVERTON, ORE. — Taylor Morrison has completed the sale of West End District, an apartment community in Beaverton, to Grand Peaks for $85.2 million. Joe Nydahl and Josh McDonald of CBRE represented the seller in the deal. Situated on 13.5 acres at 14700 S.W. Rocket St., West End District features 424 studio, one- and two-bedroom units across 12 four-story residential buildings and 34,000 square feet of ground-floor retail space. The asset was completed in 2021 and 2022.

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Sagard Real Estate Acquires 133,750 SF Industrial Property Near Seattle https://rebusinessonline.com/sagard-real-estate-acquires-133750-sf-industrial-property-near-seattle/ Mon, 14 Sep 2026 14:12:43 +0000 https://rebusinessonline.com/?p=465774 TUKWILA, WASH. — Sagard Real Estate has purchased 1100 Andover Park West, an industrial asset in Tukwila, approximately 12 miles south of Seattle. Situated on 5.6 acres, the 133,750-square-foot property features a clear height of 24 feet, 16 dock-high loading doors and four points of ingress and egress. At the time of sale, the asset was fully occupied by a national wholesale distributor that has opened at the site for more than 25 years. Sagard Real Estate is a U.S.-based real estate investment advisor and subsidiary of Sagard, a global multi-strategy alternative asset management firm.

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HFO Investment Real Estate Brokers $10M Sale of Applegate Apartments in Gresham, Oregon https://rebusinessonline.com/hfo-investment-real-estate-brokers-10m-sale-of-applegate-apartments-in-gresham-oregon/ Mon, 14 Sep 2026 14:11:34 +0000 https://rebusinessonline.com/?p=465785 GRESHAM, ORE. — HFO Investment Real Estate has arranged the $10 million sale of Applegate Apartments, a multifamily community at 17726 S.E. Division St. in Gresham. Greg Frick, Jack Stephens and Yuriy Chubok of HFO represented the buyer and seller, both private local investors, in the transaction. Built in 1979 on 3.1 acres, Applegate is comprised of 12 two-story buildings offering a total of 78 one-, two- and three-bedroom units, with an average unit of 809 square feet. All units include in-unit laundry hookups, and recent capital improvements include new siding, a new roof and windows.

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Cushman & Wakefield Arranges $163.9M Construction Loan for Northern New Jersey Multifamily Project https://rebusinessonline.com/cushman-wakefield-arranges-163-9m-construction-loan-for-northern-new-jersey-multifamily-project/ Mon, 14 Sep 2026 14:10:30 +0000 https://rebusinessonline.com/?p=465823 PARAMUS, N.J. — Cushman & Wakefield has arranged a $163.9 million construction loan for The Bergen Chapter, a 426-unit multifamily project that will be located adjacent to Bergen Town Center Mall in the Northern New Jersey community of Paramus. The Bergen Chapter will consist of two five-story residential buildings in which 15 percent of the units will be subject to income restrictions. The Bergen Chapter will feature amenities such as a pool, fitness center, lounges, coworking space and landscaped courtyards, as well as ground-floor retail space. John Alascio, Alex Hernandez, Chuck Kohaut, Alan Blank and Chris Meloni of Cushman & Wakefield arranged the debt through PCCP LLC on behalf of the borrower, a joint venture between two New Jersey-based firms, KRE Group and Russo Development.

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Related Cos. Underway on Affordable Housing Preservation, Expansion Project in Lower Manhattan https://rebusinessonline.com/related-cos-underway-on-affordable-housing-preservation-expansion-project-in-lower-manhattan/ Mon, 14 Sep 2026 14:07:49 +0000 https://rebusinessonline.com/?p=465814 NEW YORK CITY — Related Cos. is underway on an affordable housing preservation and expansion project at Tribeca Park, a 27-story, 396-unit mixed-income housing building in Lower Manhattan. Related Cos. developed Tribeca Park in 1999 via a ground lease with The Battery Park City Authority (BPCA), and the contract has been amended to preserve 81 units as affordable to households earning up to 50 percent of the area median income (AMI) and to add 20 new units affordable to households earning up to 130 percent of AMI. These new affordability protections will run through 2069 and increase the proportion of income-restricted units with Tribeca Park from 20 percent to 25 percent.

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Seefried Underway on 520,000 SF Spec Industrial Park in Des Plaines, Illinois https://rebusinessonline.com/seefried-underway-on-520000-sf-spec-industrial-park-in-des-plaines-illinois/ Mon, 14 Sep 2026 14:07:32 +0000 https://rebusinessonline.com/?p=465819 DES PLAINES, ILL. — Seefried Industrial Properties has completed demolition and is underway on a three-building, 520,000-square-foot industrial development in Des Plaines. The project is a redevelopment of approximately 35 acres at the Northeast corner of Algonquin and Mount Prospect roads in the O’Hare submarket. It will transform three functionally obsolete office buildings into a modern industrial park. The three buildings, totaling 106,000, 152,000 and 260,000 square feet, are being built on a speculative basis. Premier Design + Build Group is the general contractor, SPACECO is the civil engineer and Harris Architects is the architect. Jason Lev, Jimmy Kowalczyk and John Suerth of CBRE are marketing the property for lease. Completion is slated for the second quarter of 2027.

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Cullinan Properties Secures 500,000 SF of Leasing Activity at Rock Run Collection in Joliet, Illinois https://rebusinessonline.com/cullinan-properties-secures-500000-sf-of-leasing-activity-at-rock-run-collection-in-joliet-illinois/ Mon, 14 Sep 2026 14:06:44 +0000 https://rebusinessonline.com/?p=465817 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.

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Avison Young Negotiates Sale of 200,696 SF Food Production Facility in Southeast Wisconsin https://rebusinessonline.com/avison-young-negotiates-sale-of-200696-sf-food-production-facility-in-southeast-wisconsin/ Mon, 14 Sep 2026 14:06:13 +0000 https://rebusinessonline.com/?p=465813 PLEASANT PRAIRIE, WIS. — Avison Young has brokered the sale of a 200,696-square-foot food production facility located within LakeView Corporate Park in Pleasant Prairie. Royal Oak Realty Trust, a New York-based real estate investment trust, acquired the property. Erik Foster and Mike Wilson of Avison Young represented the seller, EQT Real Estate. Constructed in 2017, the facility is fully leased to a national bakery products supplier.

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Minnesota DNR Signs 124,520 SF Headquarters Lease at River Park Plaza in St. Paul https://rebusinessonline.com/minnesota-dnr-signs-124520-sf-headquarters-lease-at-river-park-plaza-in-st-paul/ Mon, 14 Sep 2026 14:05:28 +0000 https://rebusinessonline.com/?p=465810 ST. PAUL, MINN. — The Minnesota Department of Natural Resources (DNR) has selected River Park Plaza in St. Paul for its new headquarters. The organization has signed a lease for 109,228 square feet across three floors plus space in the basement for a total of 124,520 rentable square feet. DNR will be relocating its headquarters from 500 Lafayette Road in St. Paul, where it has been based since 1985. The transaction represents one of the largest office leases completed in the Twin Cities in recent years. SARA Investment Real Estate owns River Park Plaza, which totals 330,000 square feet. Suntide Commercial Realty handles management and leasing for the property. Jeff Hart, Kevin Peck and Jim Kenney of Suntide represented the landlord in the lease with DNR, which expects to take occupancy in June 2027. At that point, the building will be 94 percent occupied.

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Advance Realty Completes 52-Unit Apartment Building in Hoboken https://rebusinessonline.com/advance-realty-completes-52-unit-apartment-building-in-hoboken/ Mon, 14 Sep 2026 13:57:22 +0000 https://rebusinessonline.com/?p=465807 HOBOKEN, N.J. — Locally based developer Advance Realty Investors has completed Willow House, a 52-unit apartment building in Hoboken. Designed by locally based MVMK Architects and Living Systems, the eight-story building houses studio, one-, two- and three-bedroom units in addition to 6,000 square feet of retail space. Amenities include a lobby lounge, fitness center, coworking space, package room and a rooftop deck. Leasing began in mid-June, at which point rents started in the mid-$4000s per month for a studio apartment. Construction began in winter 2024.

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Marcus & Millichap Brokers $4.5M Sale of Mixed-Use Portfolio in Poughkeepsie, New York https://rebusinessonline.com/marcus-millichap-brokers-4-5m-sale-of-mixed-use-portfolio-in-poughkeepsie-new-york/ Mon, 14 Sep 2026 13:40:05 +0000 https://rebusinessonline.com/?p=465796 POUGHKEEPSIE, N.Y. — Marcus & Millichap has brokered the $4.5 million sale of a portfolio of three mixed-use properties in Poughkeepsie, located north of New York City. The 28,990-square-foot portfolio consists of a mixed-use building with four commercial spaces and eight residential units, a 15-unit residential building with a commercial space and a five-unit residential structure. Brian Kaplan and John Horowitz of Marcus & Millichap represented the seller, an entity doing business as GSP One LLC, in the transaction.

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Cuadra Capital Acquires 250,000 SF of Retail, Mixed-Use Developments in North Carolina, Florida https://rebusinessonline.com/cuadra-capital-acquires-250000-square-feet-of-retail-mixed-use-developments-in-north-carolina-florida/ Mon, 14 Sep 2026 13:35:09 +0000 https://rebusinessonline.com/?p=465803 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…

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CrossMarc Capital Purchases Open-Air Retail Venue in Oviedo, Florida for $8.3M https://rebusinessonline.com/crossmarc-capital-purchases-open-air-retail-venue-in-oviedo-florida-for-8-3m/ Mon, 14 Sep 2026 13:32:27 +0000 https://rebusinessonline.com/?p=465800 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.

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Brennan Breaks Ground on 210,000 SF Industrial Facility in Nashville https://rebusinessonline.com/brennan-breaks-ground-on-210000-sf-industrial-facility-in-nashville/ Mon, 14 Sep 2026 13:30:19 +0000 https://rebusinessonline.com/?p=465797 NASHVILLE, TENN. — Brennan Investment Group has broken ground on a 210,000-square-foot speculative industrial facility in the historic Whites Creek neighborhood of Nashville. The building is expected to be completed in the second quarter of 2027. Situated on 17 acres, the rear-load building will feature 260-foot depths, ample trailer and car parking spaces, 32-foot clear heights, an ESFR sprinkler system, concrete tilt-wall construction and the ability to accommodate up to five tenants.

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Marcus & Millichap Brokers Auction Sale of 25,274 SF Office Property in Louisville Leased to Chewy https://rebusinessonline.com/marcus-millichap-brokers-auction-sale-of-25274-sf-office-property-in-louisville-leased-to-chewy/ Mon, 14 Sep 2026 13:28:42 +0000 https://rebusinessonline.com/?p=465793 LOUISVILLE, KY. — Marcus & Millichap has brokered the auction sale of a 25,274-square-foot office property located at 3621 Fern Valley Road in Louisville. Chewy Inc., the online retailer for pet food and medications, occupies the building on a corporate-guaranteed lease with a little more than three years remaining on the initial term and two five-year renewal options. The property serves as the brand’s national call center and training hub that supports Chewy’s pharmaceuticals business. Daniel Greenamyre of Marcus & Millichap marketed the property on behalf of the Chicago-based seller. Greenamyre worked with Paul Casella and Derek Schuster of Marcus & Millichap’s Auction Services team to execute the online auction. Michael Glass served as Marcus & Millichap’s broker of record in Kentucky for the deal. The buyer and sales price were not disclosed.

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