Wednesday, November 4, 2026
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Acquisitions

Atrium-West-Covina-CA
AcquisitionsAffordable HousingCaliforniaMultifamily

CBRE Brokers $48.6M Sale of Apartment Community in West Covina, California

by Amy Works

WEST COVINA, CALIF. — CBRE has arranged the sale of Atrium at West Covina, a 138-unit multifamily property located at 1829-1841 E. Workman Ave. in West Covina. Langdon Park Capital acquired the asset from an affiliate of Abacus Capital Group for $48.6 million. Dean Zander and Stewart Weston of CBRE represented the seller in the transaction. Built in 1962 and 1963, Atrium at West Covina features swimming pools, a fitness center and social areas. The community offers mostly two- and three-bedroom layouts that average more than 1,000 square feet. The buyer plans to improve the units while also preserving the property’s workforce housing designation.

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Shops-Eastlake-Terrace-Chula-Vista-CA
AcquisitionsCaliforniaRetailWestern

Crow Holdings Sells Community Shopping Center in Chula Vista, California for $47.8M

by Amy Works

CHULA VISTA, CALIF. — Crow Holdings has completed the disposition of a 60,973-square-foot portion of The Shops at Eastlake Terrace, a 363,300-square-foot retail center in Chula Vista. Gersham Properties acquired the asset for $47.8 million. Pete Bethea, Rob Ippolito and Glenn Ruby of Newmark represented the seller in the deal. The traded portion features well-located shops and freestanding buildings. Tenants at The Shops at Eastlake include Walgreens, Chase Bank, Chick-fil-A, Carl’s Jr., Starbucks Coffee, Navy Federal Credit Union, Supercuts and Rubios.

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AcquisitionsCaliforniaRetailWestern

JLL Income Property Trust Acquires Silverado Square Retail Center in Las Vegas for $24.4M

by Amy Works

LAS VEGAS — JLL Income Property Trust, a REIT with approximately $6.8 billion in portfolio assets, purchased Silverado Square, a retail center in Las Vegas. An undisclosed seller sold the asset for $24.4 million. Sprouts Farmers Market anchors the 48,000-square-foot property, which includes a parcel that is fully entitled for nearly 5,000 square feet of rentable retail space. Constructed in 2018, the property has a weighted average lease term of more than eight years, including a 15-year lease signed by Sprouts in 2018 that features 10 percent rent escalations every five years. At the time of sale, the property was 98 percent leased. JLL Income Property Trust plans to build a three-tenant building on the fully entitled parcel. The new building is slated for completion later this year.

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130-W-28th-St-Ogden-UT
AcquisitionsIndustrialUtahWestern

MAG Capital Partners Purchases 61,881 SF Cold Storage Facility in Ogden, Utah

by Amy Works

OGDEN, UTAH — Fort Worth, Texas-based MAG Capital Partners has acquired a cold storage facility located at 130 W. 28th St. in Ogden. Luis Ortega of Marcus & Millichap represented the seller, a private investor, in the deal. The sales price was not disclosed. Western Gateway Storage Corp. occupies the 62,881-square-foot property, which is situated on 1.3 acres. The tenant provides cold chain solutions, including cold and freezer storage warehousing, ambient and temperature-controlled fulfillment and refrigerated transportation services. The two-story facility features 22,000 square feet of both cooler and freezer spaces, a 16,550-square-foot warehouse and a roughly 1,800-square-foot office. The facility also features three loading docks and four drive-in doors with clear heights from 10 feet to 12 feet.

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AcquisitionsMichiganMidwestRetail

DRA, Pine Tree Acquire Shops at CenterPoint in Grand Rapids for $63.5M

by Kristin Harlow

GRAND RAPIDS, MICH. — A fund managed by DRA Advisors in partnership with Pine Tree has acquired The Shops at CenterPoint in Grand Rapids for $63.5 million. The 537,948-square-foot regional shopping center is home to TJ Maxx, HomeGoods, Nordstrom Rack, Sierra Trading Post, DSW, Ulta, Five Below, Jo-Ann Fabrics, Planet Fitness and Dunham Sports. Previously an enclosed mall, the property underwent $38 million in renovations throughout 2012 and 2013 to transform it into an open-air retail center. CBRE represented the undisclosed seller in the off-market transaction.

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AcquisitionsMichiganMidwestRetail

JLL Brokers $45M Sale of Tel Twelve Shopping Center in Southfield, Michigan

by Kristin Harlow

SOUTHFIELD, MICH. — JLL Capital Markets has brokered the sale of Tel Twelve shopping center in Southfield for $45 million. The 193,850-square-foot, open-air property was built in 1968 and renovated in 2005. Tel Twelve is nearly 98 percent leased to tenants such as Best Buy, Ulta, DSW, PetSmart, BuyBuy Baby and Michaels. The property is situated at the intersection of Telegraph and 12 Mile roads. Amy Sands, Clinton Mitchell and Michael Nieder of JLL represented the seller, RPT Realty, and procured the buyer, Kaufman & Jacobs LLC.

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AcquisitionsIndianaMidwestRetail

LBX Investments Purchases 130,100 SF Orchard Crossing Retail Center in Fort Wayne

by Kristin Harlow

FORT WAYNE, IND. — LBX Investments has purchased Orchard Crossing in Fort Wayne for an undisclosed price. The 130,100-square-foot, open-air shopping center is home to Hobby Lobby, Barnes & Noble, Dollar Tree and Five Below. A Target store shadow anchors the property, which was built in 2008 and is 99 percent leased. Amy Sands, Clinton Mitchell and Michael Nieder of JLL represented the seller, DRA Advisors.

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AcquisitionsMultifamilyTexas

Better World Holdings, Crown Capital Buy 362-Unit Multifamily Asset in Houston

by Taylor Williams

HOUSTON — A partnership between locally based investment firm Better World Holdings and New York-based Crown Capital Ventures has purchased Serenity at Cityside, a 362-unit multifamily property in Houston’s Galleria neighborhood. Built in 1968, the 32-building property offers one-, two- and three-bedroom units. According to Apartments.com, amenities include a pool, clubhouse and picnic areas. The new ownership plans to invest about $6 million in capital improvements and to rebrand the property as Aura Galleria. The seller was an entity doing business as CPEP Beverly Palms LLC. The sales price was not disclosed.

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AcquisitionsTexas

Henry S. Miller Negotiates Sale of 21-Acre Commercial Development Site in North Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Henry S. Miller Brokerage has negotiated the sale of a 21-acre commercial development site situated along Bonds Ranch Road on the north side of Fort Worth. The site is not currently zoned for a specific use. The buyer, Avondale Development, owns the 175-acre site behind the parcel that will eventually house a retail center. Bill Bledsoe of Henry S. Miller represented Avondale Development as well as the seller, Avod Holdings LLC, in the land deal.

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AcquisitionsColoradoDevelopmentLife SciencesTop StoriesWestern

Breakthrough Properties Plans 164,000 SF Life Sciences Redevelopment Campus in Boulder, Colorado

by John Nelson

BOULDER, COLO. — Breakthrough Properties, a developer of life sciences real estate backed by a joint venture of Tishman Speyer and Bellco Capital, has acquired a 9.3-acre, four-building campus in Boulder. The company plans to transform the campus into a 164,000-square-foot office, lab and flex development named Boulder 38 by Breakthrough. Located at the intersection of 38th Street and Arapahoe Avenue, the campus is one mile from Jennie Smith Caruthers Biotechnology Building, a 400,000-square-foot research and technology facility at the University of Colorado Boulder. Research conducted at the university and the surrounding ecosystem has established Boulder as a regional bioscience hub. According to CBRE market report data, the Boulder life sciences market has maintained approximately 1 million square feet of active life science requirements over the past 18 months. “Boulder has succeeded in cultivating a unique ecosystem propelled by leading research and academic institutions, creative residents and premier outdoor recreational amenities,” says Paul DeMartini, senior managing director of Tishman Speyer. “We are excited by this opportunity to create a world-class research campus that will serve as a magnet for life sciences innovation and talent.” The acquisition and redevelopment of Boulder 38 is being capitalized by the Breakthrough Life Science Property …

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