CARMEL, IND. — Marcus & Millichap has arranged the sale of a 137-room Homewood Suites hotel in the Indianapolis suburb of Carmel. Michael Klar and Ebrahim Valliani of Marcus & Millichap represented the seller and procured the buyer, Schahet Hotels LLC. The transaction received additional support from Chris Gomes and Allan Miller of the Miller-Gomes Hotel Team. Homewood Suites by Hilton Indianapolis Carmel is an extended-stay property located at 11355 N. Meridian St. just off Highway 31. The hotel features indoor and outdoor pools, a business center, fitness facilities and meeting space.
Acquisitions
DUMONT, N.J. — Sage Investment Real Estate Advisors has negotiated the sale of Madison Apartments, a 32-unit multifamily complex in Dumont, about 20 miles northwest of Manhattan. The four-building complex offers one- and two-bedroom units and was fully occupied at the time of sale. Steve Tragash and Greg Pine of Sage represented the seller and procured the buyer, both of which were limited liability companies, in the transaction.
COLLEGE STATION, TEXAS — A joint venture between LV Collective and Kayne Anderson Real Estate has purchased Heights at College Station, a 797-bed student housing community located near the Texas A&M University campus in College Station. The property offers 233 units in two-, three-, four- and five-bedroom configurations. Shared amenities include a resort-style pool, cyber lounge, coffee bar, hammock garden, beach volleyball court, study spaces, a fire pit and grilling pavilions and a 24-hour game room and study lounge. TSB Realty brokered the transaction, and TSB Capital Advisors arranged financing for the acquisition. The seller and sales price were not disclosed.
COPPELL, TEXAS — Chicago-based investment firm ML Realty Partners has acquired a 105,975-square-foot industrial building in Coppell, located in the northern-central part of the metroplex. The building at 850 Freeport Parkway was fully leased at the time of sale to four tenants: Cintas Corp., Jet Line, Matrix Network and Wieland Metal Services. The seller and sales price were not disclosed.
RICHARDSON, TEXAS — Avison Young has brokered the sale of two industrial flex buildings totaling 73,646 square feet in Richardson, a northeastern suburb of Dallas. The buildings sit on a combined 4.7 acres at 1200-1300 S. Sherman St. and were fully leased at the time of sale to a single tenant. John Bowles, Susan Gwin Burks and Bruce Butler of Avison Young represented the seller, an affiliate of Mohegan Capital, in the transaction. The buyer was Elegant Investment Group Inc.
VISTA, CALIF. — Brixton Capital has completed the disposition of Pavilion Shopping Center, a grocery-anchored retail center in Vista. Milan Capital Management acquired the asset for $30.5 million. Located at 1900-98 Hacienda Drive, the open-air shopping center offers 137,742 square feet of retail space. At the time of sale, the property was 95.3 percent leased to a variety of tenants, including North Park Produce, Skechers, Dutch Bros Coffee, Biolife Plasma Services and Dunn-Edwards Paints. The Dutch Bros drive-thru pad building was completed in February 2025. Situated on 10.8 acres, the property underwent extensive capital improvements, including a completely renovated parking lot that was sealed and striped in March 2025. Gleb Lvovich, Geoff Tranchina and Daniel Tyner of JLL represented the seller. Jeff Sauze, John Chun and Allie Black of JLL secured $19.5 million in acquisition financing for the buyer.
Hanley Investment Group Negotiates Sale of 110,485 SF Shopping Center in Corona, California
by Amy Works
CORONA, CALIF. — Hanley Investment Group Real Estate Advisors has negotiated the sale of Sierra del Oro Towne Centre, a 110,485-square-foot shopping center located in Corona. Ralphs and Dollar Tree anchor the property, which was fully leased at the time of sale. Additional tenants include Anytime Fitness, Chase Bank, Jack in the Box, Domino’s Pizza, Green River Montessori School, Wingstop, Kumon Math and Reading Center, Fantastic Sams Cut & Color and PostalAnnex. Sierra del Oro Towne Centre marks Hanley’s sixth grocery-anchored shopping center sale over the previous 12 months. Kevin Fryman and Ed Hanley represented the seller, Phillips Edison & Co., in the transaction. Jesse Millman of Newmark represented the buyer, a private 1031 exchange investor based in Northern California.
CONROE, TEXAS — The United Way of Greater Houston has acquired a 51,900-square-foot office building in Conroe, about 40 miles north of Houston. The nonprofit organization is relocating and more than doubling its footprint from its existing facility in the nearby community of The Woodlands. United Way plans to take occupancy of the Conroe building in early 2026, and The Woodlands building is currently on the market. The seller and sales price were not disclosed.
IRVINE, CALIF. — Advanced Real Estate has acquired Newhope Village, a multifamily property located in Irvine. Terms of the transaction were not disclosed. The gated, podium-style property features 104 apartments, a pool, fitness center and tot lot. Advanced Real Estate plans to renovate and upgrade the asset including the addition of in-unit washers and dryers, new cabinetry, flooring, fixtures, appliances, windows and a modern paint scheme. Upgrades will be completed by Advanced’s in-house construction company, R3 Construction, and in-house property management company, Advanced Management Co.
DETROIT — Marcus & Millichap Capital Corp. (MMCC) has arranged a $38 million acquisition loan for Infinity Park, a 484-unit multifamily property located at 14075 Riverview St. in Detroit. Kevin Elliott of MMCC arranged the financing with a national bank on behalf of the private borrower. The nonrecourse loan features a five-year term, 70 percent loan-to-value ratio, 5.9 percent interest rate and 30-year amortization period. The gated property features a mix of one- and two-bedroom units.