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April Housing Reopens Three Affordable Housing Communities in East Austin Following $60M Rehabilitation

Taylor Williams — Wed, 17 Jun 2026 15:13:12 +0000

AUSTIN, TEXAS — April Housing, Blackstone Real Estate’s affordable housing division, has reopened three affordable housing communities totaling 654 units in East Austin. Working in partnership with the Housing Authority of the City of Austin (HACA), April Housing completed roughly $60 million of renovations across the following properties: Heritage Point, a 240-unit senior living community for residents earning between 30 and 80 percent of the area median income (AMI); Eagle’s Landing, a 240-unit multifamily property for those earning 60 percent or less of AMI; and Village at Collinswood, a 174-unit senior living community for residents earning 60 percent or less of AMI. All three communities now offer updated units interiors, including bathrooms, kitchens, fixtures and appliances, as well as upgraded building systems and amenity spaces.

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Larkspur Capital Begins Leasing Townhome Project in Dallas’ Cedars District

Taylor Williams — Wed, 17 Jun 2026 14:53:52 +0000

DALLAS — Locally based developer Larkspur Capital has begun leasing Phase I of Victoria Row, a townhome project in the Cedars District near downtown Dallas. Situated on approximately eight acres at 1100 Parker St., Victoria Row features 155 residences across 29 buildings. Units come in one-, two- and three-bedroom floor plans, and amenities include a pool, dog park and multiple courtyards. Architecture Demarest designed Victoria Row, and Acadian Group served as the general contractor. Information on starting rents was not disclosed. Larkspur also recently delivered the first units within Phase II of the development.

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JLL Arranges Construction Financing for 111,923 SF Industrial Project in North Fort Worth

Taylor Williams — Wed, 17 Jun 2026 14:50:33 +0000

FORT WORTH, TEXAS — JLL has arranged an undisclosed amount of construction financing for Signature 35, a 111,923-square-foot industrial project that will be located in the Alliance submarket of North Fort Worth. The facility will feature 32-foot clear heights, 36 dock doors, 122-foot truck court depths, two oversized ramped doors and 5.2 acres of outdoor storage space. Completion is slated for the first quarter of 2027. Jarrod McCabe, Brennan Fewin and Ben Pollack of JLL arranged the financing through Simmons Bank on behalf of the developer, a partnership between Indco Partners and Holley Development Co. JLL also arranged an equity investment from an undisclosed family office as part of the project’s capitalization.

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Telecommunications Firm Signs 42,000 SF Lease at Flex Building in Richardson, Texas

Taylor Williams — Wed, 17 Jun 2026 14:42:39 +0000

RICHARDSON, TEXAS — ANDREW, a hardware manufacturer for the telecommunications industry, has signed a 42,000-square-foot lease in the northeastern Dallas suburb of Richardson. The company is relocating from the nearby building at 2601 Telecom Parkway to the flex building at 2920 Telecom Parkway. In addition to office, the company’s new space supports lab, manufacturing and engineering uses. As part of the relocation, ANDREW plans to invest more than $2 million to support tenant improvements and the addition of new furniture, fixtures and equipment at its new Richardson facility.

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JLL Negotiates Sale of 655,852 SF Industrial Portfolio Near Port of Virginia

John Nelson — Wed, 17 Jun 2026 14:30:49 +0000

SUFFOLK AND CHESAPEAKE, VA. — JLL has negotiated the sale of a four-building industrial portfolio situated near the Port of Virginia in the Hampton Roads region of the Commonwealth. NorthPoint Development purchased the 655,852-square-foot portfolio from an affiliate of Equus Capital Partners Ltd. Bill Prutting, Chris Dale, Craig Childs, Ginna Wallace and Andrew Baquero of JLL represented the seller in the transaction. The sales price was not disclosed. The portfolio comprises distribution facilities located at 6900, 6920 and 6950 Harbour View Blvd. in Suffolk and 2601 Indian River Road in Chesapeake. The properties were built between 2005 and 2012 and were 82 percent occupied at the time of sale to 10 tenants.

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Obrecht Properties Enters North Carolina With Planned 325,550 SF Industrial Development Near Fort Bragg

John Nelson — Wed, 17 Jun 2026 14:28:43 +0000

FAYETTEVILLE, N.C. — Obrecht Properties LLC has purchased 30 acres adjacent to Fort Bragg, a U.S. military base spanning 160,000 acres in central North Carolina. The Maryland-based developer plans to develop The Gateway at Military Business Park, a six-property industrial park spanning 325,550 square feet, on the site at 2755 Procurement Circle in Fayetteville. The park represents Obrecht’s entry into North Carolina. The developer plans to break ground immediately on Phase I, which will comprise two single-story buildings totaling 52,500 square feet, with plans to deliver the first phase next summer. Obrecht has tapped Neil Grant and Roger Marx of Grant-Murray Real Estate to oversee leasing at The Gateway at Military Business Park.

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Marcus & Millichap Brokers $19.5M Sale of Westgate Square Shopping Center in Orlando

John Nelson — Wed, 17 Jun 2026 14:26:21 +0000

ORLANDO, FLA. — Marcus & Millichap has brokered the $19.5 million sale of Westgate Square, a 136,189-square-foot, grocery-anchored shopping center located at 2625 Hiawassee Road in Orlando. Salim Valiani and Yassin Benkabbou of Marcus & Millichap represented the seller, a private high-net-worth individual from South Florida, in the transaction. The buyer was also not disclosed. Built in 1981 and renovated in 1990, Westgate Square was fully leased at the time of sale to Bravo Supermarket, Goodwill, Family Dollar and Hibbett Sports.

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SRS Arranges $10.9M Sale of New Retail Strip Center in Bradenton, Florida

John Nelson — Wed, 17 Jun 2026 14:11:48 +0000

BRADENTON, FLA. — SRS Real Estate Partners has arranged the $10.9 million sale of Heritage Station, a 13,538-square-foot retail strip center located in Bradenton. Spanning nearly three acres across two buildings, the newly constructed property was fully leased at the time of sale to tenants including Aspen Dental, Chipotle Mexican Grill, Five Guys, Einstein Bros. Bagels and America’s Best Contacts & Eyeglasses. Heritage Station sits adjacent to Marketplace at Heritage Harbour, a 500,000-square-foot shopping center. William Wamble and Patrick Nutt of SRS represented the seller and developer of the property, a joint venture between SREG, an Atlanta-based retail developer, and Bones Investment Group, a private real estate fund for professional athletes based in Tampa. The buyer was a Minnesota-based private investor.

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IPA Negotiates Sale of 216-Unit Apartment Complex in Millville, Delaware

Taylor Williams — Wed, 17 Jun 2026 13:52:05 +0000

MILLVILLE, DEL. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of a 216-unit apartment complex in Millville, located near coastal Delaware. Built on 20 acres in 2025 and formerly known as Ascend by the Sea, the property comprises seven buildings that house one-, two- and three-bedroom units. Amenities include a pool, fitness center, bocce ball court and a car wash station. Bob Dean and Jonathan Greenberg of IPA, along with Andrew Townsend and Timothy Stephenson Jr. of Marcus & Millichap, represented the undisclosed seller in the transaction and procured the buyer, Fort Worth-based Olympus Property. Brian Eisendrath, Cameron Chalfant, Jake Vitta and Patrick Barker, also with IPA, arranged acquisition financing for the deal.

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Target Opens 150,000 SF Store at West Orange Plaza in Northern New Jersey

Taylor Williams — Wed, 17 Jun 2026 13:45:46 +0000

WEST ORANGE, N.J. — Target has opened a 150,000-square-foot store in the Northern New Jersey community of West Orange. The store, which is ultimately expected to employ about 280 people, is located within West Orange Plaza, a 298,000-square-foot center that is anchored by Whole Foods Market and is currently in the midst of a redevelopment. The store is the Minneapolis-based retailer’s 55th in New Jersey and third to open in the state in the past 12 months. Levin Management Corp. is the leasing agent for West Orange Plaza.

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Atlantic Capital Partners Arranges $9M Sale of Former Movie Theater Complex in Randolph, Massachusetts

Taylor Williams — Wed, 17 Jun 2026 13:40:58 +0000

RANDOLPH, MASS. — Local brokerage firm Atlantic Capital Partners (ACP) has arranged the $9 million sale of a former movie theater complex in Randolph, a southern suburb of Boston. The 112,265-square-foot complex previously housed a 16-screen Showcase Cinema that first opened in 1997. Justin Smith, David Smookler, Peter Considine, Danielle Turpin and Matt Austin of ACP represented the seller in the transaction and procured the buyer. Both parties requested anonymity.

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LTC Acquires Assisted Living, Memory Care Community in Phoenix for $54M

Amy Works — Wed, 17 Jun 2026 13:39:05 +0000

PHOENIX — LTC Properties has acquired MorningStar at Arcadia, an assisted living and memory care community located in Phoenix, for $54 million. The community is being added to LTC’s seniors housing operating portfolio (SHOP). MorningStar will continue to operate the property, which totals 104 units, on behalf of LTC. LTC launched its SHOP platform in May 2025. “Since our platform launch, we have partnered with 11 SHOP operating partners, nine new to LTC,” says Michael Bowden, senior vice president of investments at LTC. “We continue to build our acquisition pipeline with a healthy volume of potential SHOP acquisitions, supporting our strategy to position LTC for higher intrinsic growth.”

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Green Light Housing Purchases Affordable Housing Apartments in Vancouver, Washington, for $34.4M

Amy Works — Wed, 17 Jun 2026 13:37:04 +0000

VANCOUVER, WASH. — Green Light Housing has purchased Carriage Housing Apartments, a garden-style affordable housing property located at 4714 N.E. 72nd Ave. in Vancouver, from Jackson Square Properties. The sales price was $34.4 million. Joe Nydahl and Josh McDonald of CBRE represented the buyer and the seller in the deal. CBRE Debt & Structured Finance’s Nick Santangelo, Micah Springston and Matt Thorp sourced accretive financing through Fannie Mae’s Multifamily Affordable Housing Program at 75 percent loan-to-value. Built in 1993, Carriage Housing Apartments features 160 one-, two- and three-bedroom apartments. Community amenities include a pool, fitness center, clubhouse and a gated entry.

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Biocytogen Signs 35,000 SF Life Sciences Lease Expansion in Waltham, Massachusetts

Taylor Williams — Wed, 17 Jun 2026 13:36:05 +0000

WALTHAM, MASS. — Biocytogen, which provides animal and cell model generation for preclinical research, has signed a 35,000-square-foot life sciences lease in Waltham, a western suburb of Boston. Biocytogen now occupies about 70,000 square feet at the 143,533-square-foot building at 300 Third Ave. Tim Allen of Colliers represented the tenant in the lease negotiations. Tim Latham, Christopher Scott and Chris Devaux represented the landlord, Dallas-based Lincoln Property Co., on an internal basis.

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Newmark Arranges $34.1M Sale of Industrial Facility in East Los Angeles Area

Amy Works — Wed, 17 Jun 2026 13:34:37 +0000

COMMERCE, CALIF. — Newmark has negotiated the $34.1 million sale of Holland Flower Market, a Class A industrial facility located at 5555 E. Slauson Ave. in Commerce. Jeff Cannon, Sage Segal and Greg Tippin of Newmark represented the undisclosed buyer in the deal. The seller was also not disclosed. The 91,010-square-foot asset features 32-foot clear heights, a 9,994-square-foot two-story office component, ESFR fire sprinklers and a fully secured truck court. Additionally, the building includes six dock-high loading positions and one grade-level door. Situated on 3.5 acres, the property offers immediate access to interstates 5 and 710 and proximity to downtown Los Angeles, key railyards and the ports of Los Angeles and Long Beach.

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MGL Partners to Develop Affordable Seniors Housing Property at Former Hospital Campus in Colorado

Amy Works — Wed, 17 Jun 2026 13:33:02 +0000

WHEAT RIDGE, COLO. — Denver-based MGL Partners will develop an affordable seniors housing community in Wheat Ridge, approximately 10 miles outside downtown Denver. The community will be situated within the redevelopment of the former Lutheran Hospital campus. MGL Partners recently executed a purchase-and-sale agreement with E5x Management, which is leading the redevelopment of the hospital campus, for the project site. Dubbed Legacy Terrace Apartments, the community will feature 50 units for residents age 62 and older earning between 30 and 80 percent of the area median income. MGL Partners plans to pursue Low-Income Housing Tax Credit financing and Colorado state tax credits in February 2027. Construction is anticipated to begin following financing approvals.

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Dwight Capital Provides $36M HUD-Insured Loan for Multifamily Community in Missouri

Kristin Harlow — Wed, 17 Jun 2026 13:24:26 +0000

WRIGHT CITY, MO. — Dwight Capital has provided a $36 million HUD 223(f) loan for the refinancing of Vista on the Park, a 234-unit apartment community in Wright City, about 50 miles west of downtown St. Louis. Jonathan Pomper of Dwight originated the financing on behalf of the borrower, Pollard Properties. The loan features a 35-year term.

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CBRE Arranges $18M Sale of Industrial Facility in Trotwood, Ohio

Kristin Harlow — Wed, 17 Jun 2026 13:23:36 +0000

TROTWOOD, OHIO — CBRE has arranged the $18 million sale of a 380,000-square-foot distribution facility located at 1 Modern Way in Trotwood, a suburb of Dayton. Viking Partners purchased the property from Stratacache Inc. CBRE’s Will Roberts, Steve Timmel and Doug Whitten represented the seller. The facility is located just south of Dayton International Airport, offering immediate access to I-75 and I-70. Built in 2008, the development features 12,000 square feet of office space, clear heights ranging from 28 to 30 feet, 32 dock doors, four drive-in doors and rail service via CSX with an interior spur.

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Lee & Associates Negotiates 100,800 SF Industrial Lease in Woodridge, Illinois

Kristin Harlow — Wed, 17 Jun 2026 13:22:34 +0000

WOODRIDGE, ILL. — Lee & Associates of Illinois has negotiated a 100,800-square-foot, full-building industrial lease at 1215 101st St. in Woodridge. Jeff Galante and Jeff Janda of Lee & Associates represented the owner, Rediehs & Rediehs LLC. Manufacturing company Secure Source America LLC leased the property.

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Greenstone Partners Brokers $7.5M Sale of Chicago Apartment Building

Kristin Harlow — Wed, 17 Jun 2026 13:21:19 +0000

CHICAGO — Greenstone Partners has brokered the $7.5 million sale of a property with 18 luxury apartment units and one ground-floor retail space in Chicago’s Wicker Park neighborhood. Located at 1509 N. Western Ave. and built in 2018, the asset features a rooftop deck and 18 indoor garage parking spaces. At the time of sale, the property was fully occupied. Jordan Multack of Greenstone represented both the buyer and seller.

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