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JLL Arranges $333.3M Refinancing for 1,184-Unit Multifamily Portfolio Near Denver

2026-10-27T14:47:35Z

DENVER — JLL Capital Markets has arranged $333.3 million in bridge financing for Palomino Park, a 1,184-unit multifamily portfolio located in Highlands Ranch, an unincorporated, master-planned community 12 miles south of Denver. Greystar provided the floating-rate loan for the borrower, a real estate fund advised by Crow Holdings Capital. The financing, which includes $325 million at initial funding and $8.3 million in future funding for unit renovations, retired existing loans and provides capital for continued value-add projects across the three-community portfolio. The portfolio includes: The communities are anchored by the Colorado Club, a 26,000-square-foot central amenity facility with a resort-style pool, a gym with regulation basketball court and racquetball courts, a full-service bar and resident gathering areas. Additionally, the facility is surround by a 17-acre park with three tennis courts, two full-size sports fields and a playground. Since acquiring the assets in 2021, the borrower has invested significant capital in various interior and exterior capital improvements across each community. Trey Morsbach, Campbell Roche, Tony Nargi, Jarrod McCabe, Jordan Buck and Scott Cole of JLL represented the borrower in the financing.

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Marcus & Millichap Brokers Sale of 1,042-Unit Self-Storage Portfolio in Greater Houston

2026-10-27T14:47:20Z

HOUSTON — Marcus & Millichap has brokered the portfolio sale of five self-storage facilities totaling 1,042 units in the greater Houston area. Two facilities are located in the northwestern suburb of Waller, and the other three facilities are scattered across the suburbs of Brookshire, Pattison and Hockley. The portfolio totals 148,745 net rentable square feet of climate- and non-climate-controlled space and includes both boat and RV storage spaces and more than 12 acres for future expansion. Dave Knobler, Mixson Staffel and Charles LeClaire of Marcus & Millichap represented the undisclosed seller in the transaction. The buyer and sales price were also not disclosed.

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Akara, DEVEN to Break Ground on 305-Bed Student Housing Project Near San Diego State University

2026-10-27T14:45:47Z

SAN DIEGO — A joint venture between Akara Partners and Development Ventures (DEVEN) Group is set to break ground on a 305-bed, transit-oriented development located at 5077 College Ave. near the San Diego State University campus in California. The eight-story community will span 98,500 square feet and offer 110 units. The project is scheduled for completion ahead of the 2028-2029 academic year. The partnership was facilitated by JLL Capital Markets.

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April Housing Underway on $19.3M Renovation of McKinney Affordable Housing Complex

2026-10-27T14:45:44Z

MCKINNEY, TEXAS — April Housing, Blackstone Real Estate’s affordable housing division, is underway on the $19.3 million renovation of Skyway Villas, a 232-unit complex in the northern Dallas suburb of McKinney. The 13-buiding community was constructed in 2003. The renovation is part of a re-syndication that will preserve the property’s affordability status for another 30 years. Upgrades will include new flooring and countertops, fresh exterior painting, new water heaters and HVAC systems, accessibility improvements and enhancements and additions to the residential amenities.

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CBRE Secures $32.8M Refinancing for Hilton Garden Inn Hotel in Cupertino, California

2026-10-27T14:49:23Z

CUPERTINO, CALIF. — CBRE has arranged a $32.8 million loan for the refinancing of the Hilton Garden Inn Cupertino, located at 10741 N. Wolfe Road in Cupertino. Mike Walker, Brad Zampa, Andy Gross and Pierson Souza of CBRE arranged the financing on behalf of ownership, a partnership between Heil & Associates and Terracommercial. Built in 1988, the five-story hotel features 164 guest rooms totaling 100,110 square feet on 2.7 acres. Hotel amenities include Pavilion Cafe serving breakfast and dinner, a 24-hour Pavilion Pantry market, an outdoor pool and spa, a fitness center, guest laundry facilities, 1,650 square feet of flexible meeting space, complimentary parking and weekday shuttle service within a three-mile radius. Heil Associates and Terracommercial have owned and operated the Hilton Garden Inn Cupertino since acquiring the asset in 2007.

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Dinerstein Sells 82,692 SF Office Building in Houston’s Greenway Plaza

2026-10-27T14:42:49Z

HOUSTON — The Dinerstein Cos., a locally based owner-operator, has sold 3411 Richmond, an 82,692-square-foot office building in Houston’s Greenway Plaza district. The seven-story office building was constructed in 1968 (renovated in1996) and was 89 percent leased at the time of sale. Marty Hogan of JLL and David Anderson of Cresa co-represented The Dinerstein Cos. in the transaction. Evelyn Ward and Paula Musa of Transwestern represented the buyer, HRGI Development LLC.

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Rise Properties Trust Sells Northline Apartments in Seattle for $17.7M

2026-10-27T14:42:45Z

SEATTLE — Rise Properties Trust has completed the disposition of Northline, a multifamily asset in Seattle’s Bitter Lake neighborhood. FPA Multifamily acquired the property for $17.7 million, or $159,910 per unit. Philip Assouad, Giovanni Napoli, Ryan Harmon, Nick Ruggiero and Anthony Palladino of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller and procured the buyer in the deal. Northline features 111 one- and two-bedroom apartments with open-concept layouts, updated kitchens, stainless steel appliances, wood-style flooring, wood-burning fireplaces and in-home laundry. Select units offer vaulted ceilings, sunken living rooms and private patios. Onsite amenities include a resident lounge, dog park and a covered outdoor gathering area with a barbecue, fireplace and seating.

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SRS Arranges $6.4M Sale of Industrial Outdoor Storage Portfolio in Oklahoma City

2026-10-27T14:38:25Z

OKLAHOMA CITY — SRS Real Estate Partners has arranged the $6.4 million sale of a portfolio of nine industrial outdoor storage (IOS) facilities in Oklahoma City. The portfolio consists of 43,000 square feet of buildings across 40.7 acres and was leased to nine tenants at the time of sale. Dave Faris of SRS represented the seller, a local family office, in the transaction. The buyer was an undisclosed, Kansas-based developer.

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Cronheim Arranges $27M Refinancing for 929,119 SF Industrial Portfolio in Columbus

2026-10-27T14:18:55Z

COLUMBUS, OHIO — Cronheim Mortgage has arranged $27 million in refinancing across two transactions secured by four fully occupied industrial buildings totaling 929,119 square feet in Columbus. The new loans increased total proceeds by $7.5 million from the prior financing. Dev Morris and Andrew Stewart placed the financing with one of Cronheim’s correspondent insurance companies. The two loans feature 20-year terms with the interest rates resetting every five years. The larger transaction, a $20.5 million loan, is secured by three buildings totaling 770,569 square feet on Fisher Road. A $6.5 million loan is for a 158,550-square-foot facility at 4545 Groves Road.

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Colliers Negotiates 599,152 SF Industrial Lease Renewal in Indianapolis

2026-10-27T14:18:13Z

INDIANAPOLIS — Colliers has negotiated a 599,152-square-foot industrial lease renewal at 8677 Logo Court in Indianapolis. Jason Speckman of Colliers represented ownership, Link Logistics. Billy Powers, Jimmy Cohoat, Romy Zeid and Tucker Forbes of Colliers represented the undisclosed tenant. Built in 1991, the property sits on nearly 26 acres and features a clear height of 28 feet, cross-docked configuration and 6,400-amp, three-phase electrical service.

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Associated Bank Provides $16.5M in Financing for Multifamily Property in Libertyville, Illinois

2026-10-27T14:17:28Z

LIBERTYVILLE, ILL. — Associated Bank has provided a $16.5 million loan toward the $22 million acquisition of Eleven5 Lake Apartments in Libertyville. The property features 34 units, 41 parking spaces and 25,147 square feet of commercial space. The apartments were 97 percent occupied at the time of acquisition. The commercial space is fully leased to five tenants: TLP Management, Egg Harbor Café, Shakou, The Board Room and Casa Bonita. Daniel Barrins of Associated Bank managed the loan arrangements and closing. Philip Galligan, Annie Thomas, Merrick Evans and Patricia Heminger of JLL arranged the debt on behalf of the undisclosed sponsor.

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Hanley Investment Group Brokers Sale of 13,308 SF Retail Center in Metro Milwaukee

2026-10-27T14:16:23Z

GLENDALE, WIS. — Hanley Investment Group Real Estate Advisors has arranged the sale of Cornerstone Shopping Center, a 13,308-square-foot retail center located in the North Shore trade area across from Bayshore, a mixed-use destination. Jeff Lefko and Bill Asher of Hanley, in association with ParaSell Inc., represented the seller, a private investor from North San Diego County. The buyer was SW Neighborhood Centers IV, an affiliate of Alabama-based commercial real estate firm Shannon Waltchack. The two-building property in Glendale was fully occupied at the time of sale. Built in 2003, the center is home to four tenants: Wild Fork Foods, Pearle Vision, Panera Bread and Vivo Infusion.

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JLL Arranges Loan for Refinancing of 160,904 SF Office Building in Princeton

2026-10-27T14:03:20Z

PRINCETON, N.J. — JLL has arranged a $15.3 million loan for the refinancing of a 160,904-square-foot office building in Princeton. The four-story building at 500 College Road E was constructed in 1984 and renovated in 2022 and now offers amenities such as a café, fitness center, employee lounge with games and a multimedia conference and training facility. Michael Klein, Gregory Nalbandian, Nazario Paragano and Kevin Badger of JLL arranged the four-year, fixed-rate loan through an undisclosed life insurance company. The borrower is a partnership led by Bergman Real Estate Group.

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Newmark Arranges Recapitalization of Fritz Farm Mixed-Use Center in Lexington, Kentucky

2026-10-27T14:01:36Z

LEXINGTON, KY. — Newmark has arranged the recapitalization of the ownership structure at Fritz Farm, a 330,077-square-foot mixed-use destination in Lexington. Developer-operator Kimco Realty is now a preferred equity partner at the development, which Hendricks Commercial Properties purchased last year from a partnership between Swift Creek Real Estate Partners and Centennial Real Estate Management LLC. Additionally, funds managed by Blackstone provided $104 million in financing for the recapitalization. Conor Lalor of Newmark represented Hendricks Commercial in the transaction. Chris Kramer and Dan Axelson, also with Newmark, arranged the Blackstone financing. Originally called The Summit at Fritz Farm, the 36-acre campus was delivered by Birmingham, Ala.-based Bayer Properties in 2017. The property houses retail brands including Whole Foods Market, Pottery Barn, Arhaus, Orangetheory Fitness, Apple, Lovesac, Carhartt, Warby Parker, Starbucks, CRU Food & Wine Bar, Williams-Sonoma and Shake Shack, as well as apartments and offices. The property also includes approximately six acres available for future development and development rights for additional retail and residential components. Not included in the transaction were Fritz Farm’s seniors housing community and hotel.

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PCCP Provides $71M Construction Loan for Multifamily Project in Spring Hill, Tennessee

2026-10-27T13:58:27Z

SPRING HILL, TENN. — PCCP has provided a $71 million senior construction loan for the development of Crossings Boulevard, a 360-unit apartment community located at 4101 Legacy Point Trail in Spring Hill, about 37 miles south of downtown Nashville. The borrower, a joint venture between Embrey Partners and Southstar Development, plan to deliver the community by first-quarter 2028. Plans for Crossings Boulevard include 216 one-bedroom apartments and 144 two-bedroom units across four floorplans, as well as a conference room, micro-offices, fitness studio and yoga room, resort-style pool with cabanas, shaded outdoor kitchen with grills, dog park, pet spa and grooming station, coffee bar, EV charging stations and a secure, 24/7 package room. The 14-acre site will house three-story, garden-style apartment buildings within a larger 213-acre master-planned community that will also feature a hotel, 17 acres of recreational space and more than 400,000 square feet of commercial space.

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Grover Corlew Purchases Office Tower in Fort Lauderdale for $69.7M, Plans $20M Overhaul

2026-10-27T13:57:06Z

FORT LAUDERDALE, FLA. — Grover Corlew has purchased 200 East Broward, a 21-story, 235,211-square-foot office building in downtown Fort Lauderdale, for $69.7 million. The Boca Raton, Fla.-based firm plans to invest $20 million in capital improvements at the office building over the next two years, including overhauling the elevator bay and main lobby and building an amenity deck with a gym and conference facilities. Hermen Rodriguez and Ike Ojala of JLL represented the undisclosed seller in the transaction. Paul Stasaitis, also with JLL, arranged an undisclosed amount of acquisition financing through BridgeInvest.

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Article Student Living Acquires 280-Bed Student Housing Community Near University of Kentucky

2026-10-27T13:54:48Z

LEXINGTON, KY. — Article Student Living has acquired Signature Apartments, a 280-bed student housing community located near the University of Kentucky campus in Lexington. The property was delivered in 2024 and offers units in one-, two- and four-bedroom configurations. Shared amenities include a resort-style pool, 24-hour fitness center, coffee bar, outdoor terrace and kitchen, clubhouse and group study rooms. The seller and terms of the transaction were not released.

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Crossroads Cos., CrownPoint Group Complete 90-Unit Multifamily Project in Dover, New Jersey

2026-10-27T13:35:39Z

DOVER, N.J. — A joint venture between Crossroads Cos. and CrownPoint Group Inc. has completed 80East, a 90-unit multifamily project in Dover, about 30 miles west of New York City. The six-story building houses studio, one- and two-bedroom units, with nine residences set aside as affordable housing. Amenities include a fitness center, rooftop deck and an entertainment lounge. Minno & Wasko Architects and Planners designed the project, and L2i Construction was the general contractor. Columbia Bank financed construction, which began in summer 2024. Information on starting rents was not disclosed.

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Colliers Negotiates 70,000 SF Industrial Lease in Plainville, Connecticut

2026-10-27T13:31:46Z

PLAINVILLE, CONN. — Colliers has negotiated a 70,000-square-foot industrial lease in Plainville, a southwestern suburb of Hartford. The tenant is Nucor Rebar Fabrication Northeast LLC. According to LoopNet Inc., the building at 75 Neal Court was built on 11.2 acres in 1979 (renovated in 1994), totals 200,000 square feet and features four drive-in doors and 2,000 square feet of office space. David Richard of Colliers represented the landlord in the lease negotiations.

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NYC Taxi & Limousine Commission Signs 39,000 SF Office Headquarters Lease in Lower Manhattan

2026-10-27T13:27:16Z

NEW YORK CITY — The New York City Taxi and Limousine Commission has signed a 39,000-square-foot office headquarters lease in Lower Manhattan. The space spans the entire fourth floor and part of the fifth floor at 250 Broadway, a 31-story, 648,000-square-foot building. Gus Field of Cushman & Wakefield represented the tenant in the lease negotiations. Brad Gerla, Michael Rizzo and Alex Benisatto of CBRE, along with internal agent, Anne Holker, represented the landlord, AmTrust RE.

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