Tuesday, March 31, 2026
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Acquisitions

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AcquisitionsCaliforniaRetailWestern

Marcus & Millichap Arranges $24M Sale of Vacant Retail Building in Glendale, California

by Amy Works

GLENDALE, CALIF. — Marcus & Millichap has arranged the sale of a vacant retail building located on 2.4 acres at South Central Avenue and Chevy Chase Drive in Glendale. Aria Investments LLC sold the asset to the City of Glendale for $24 million. The city plans to develop a park and recreation center on the site, which includes a 33,818-square-foot retail building formerly occupied by JoAnn Fabrics. Sheila Alimadadian of Marcus & Millichap represented the seller and procured the buyer in the deal.

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AcquisitionsCaliforniaMultifamilyWestern

Pacific Coast Commercial Negotiates $4.5M Sale of Del Oro Apartments in San Diego

by Amy Works

SAN DIEGO — Pacific Coast Commercial Real Estate has negotiated the sale of Del Oro Apartments, a value-add multifamily property in San Diego’s Hillcrest neighborhood. John Lopez and Cheryl Lopez acquired the asset from an undisclosed seller for $4.5 million. Citizens Private Bank provided acquisition financing for the buyers. Located at 3748-3772 Tenth Ave. and 918 Robinson Ave., Del Oro Apartments consists of an 18-unit apartment building and an adjacent duplex. The properties offers 15 studios averaging 326 square feet and five one-bedroom/one-bath units averaging 447 square feet. Zoned RM-3-9, the property also features nine garages. Ken Robak and David Dilday of Pacific Coast Commercial represented the seller, while Patti McKelvey of Coldwell Bank West represented the buyers in the transaction. Chicago Title Co. managed escrow and title services.

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AcquisitionsColoradoIndustrialWestern

Pinnacle Real Estate Advisors Brokers Sale of 15,500 SF Industrial Building in Denver

by Amy Works

DENVER — Pinnacle Real Estate Advisors has directed the $2.9 million sale of an industrial building located at 4571 Ivy St. in Denver. Mark Alley of Pinnacle handled the transaction. The names of the buyer and seller were not released. The 15,500-square-foot building features a secure yard for outdoor storage.

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AcquisitionsIllinoisMidwestRetail

Marcus & Millichap Brokers $13.4M Sale of Shopping Center in Bloomington, Illinois

by Kristin Harlow

BLOOMINGTON, ILL. — Marcus & Millichap has brokered the $13.4 million sale of Bloomington Commons, a grocery-anchored shopping center located at 1701 E. Empire St. in Bloomington. Anchored by Schnucks, the 15-suite property totals 132,966 square feet. Tenants include Barnes & Noble, The UPS Store, Kumon Math & Reading Center, Chuck E. Cheese and H&R Block. Schnucks, anchor tenant since 1989, recently renewed its lease for 10 years. Sean Sharko and Austin Weisenbeck of Marcus & Millichap represented the seller, a local developer that sold the property after an eight-year hold period. The buyer was a West Coast-based doctor acquiring his first asset in the Midwest.

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AcquisitionsConnecticutMultifamilyNortheast

Chozick Realty Negotiates $6.7M Sale of Hartford Apartment Complex

by Taylor Williams

HARTFORD, CONN. — Locally based brokerage firm Chozick Realty has negotiated the $6.7 million sale of Sumner House Apartments, an 80-unit multifamily complex located in the Asylum Hill neighborhood of Hartford. Built in 1970, the property offers 18 studios, 29 one-bedroom units, 32 two-bedrooms units and a three-bedroom penthouse that was built as the home for the original developer. Rick Chozick and Steve Pappas of Chozick Realty brokered the deal. The buyer and seller were not disclosed.

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Brookside-Alpharetta
AcquisitionsDevelopmentGeorgiaMixed-UseOfficeSoutheastTop Stories

Portman Acquires Metro Atlanta Office Park, Plans Mixed-Use Redevelopment

by Taylor Williams

ALPHARETTA, GA. — National developer Portman Holdings has acquired Brookside Office Park, a 266,000-square-foot development located in the northern Atlanta suburb of Alpharetta with plans to undertake a mixed-use redevelopment. The seller and sales price weren’t disclosed, but the Atlanta Business Chronicle reports that an affiliate of Bridge Commercial Real Estate sold the property for $27 million. Brookside Office Park consists of two buildings on a 20-acre site that were originally constructed in the 1980s. Portman plans to retain one 130,000-square-foot building, raze the other and pave the way for a proposed vision that includes 335 multifamily residences, 70 townhomes and 60,000 square feet of retail and restaurant space. Townhome prices will start at roughly $650,000, according to reports from the Atlanta Business Chronicle. The redevelopment will also feature activated public gathering areas, pedestrian connections and outdoor amenities that promote walkability and community engagement. Portman received unanimous approval from the Alpharetta City Council in April to transform the site into a mixed-use destination. Construction is expected to begin in 2026, with completion anticipated in 2029. “With Brookside, we’re taking an older office campus and giving it new life, keeping the best of what’s there while bringing in housing, retail and spaces …

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AcquisitionsLoansMultifamilyTexas

Newmark Brokers Sale of 349-Unit Apartment Community in Cedar Park, Texas

by Taylor Williams

CEDAR PARK, TEXAS — Newmark has brokered the sale of The Alden at Cedar Park, a 349-unit apartment community located on the northern outskirts of Austin. Built in 2020, the community offers one- and two-bedroom units and amenities such as a pool, clubhouse with a resident lounge and cocktail bar, outdoor entertainment areas with grilling stations and a 24-hour fitness center. Patton Jones and Andrew Dickson of Newmark represented the undisclosed seller in the transaction. Mitch Clarfield and Alec Newman, also with Newmark, originated Fannie Mae acquisition financing on behalf of the buyer, Washington-based Weidner Apartment Homes. The Alden was 95 percent occupied at the time of sale.

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AcquisitionsMultifamilyNew JerseyNortheast

CBRE Negotiates $117M Sale of Apartment Complex in Park Ridge, New Jersey

by Taylor Williams

PARK RIDGE, N.J. — CBRE has negotiated the $117 million sale of The James, a 240-unit apartment complex located in the Northern New Jersey community of Park Ridge. Completed in 2021, The James offers studio, one- and two-bedroom units that are furnished with stainless steel appliances, quartz countertops, espresso cabinetry and tile backsplashes. Indoor amenities include a coffee bar, game room, catering kitchen, coworking spaces with private offices, fitness center and a yoga studio. Outside, residents have access to multiple gathering areas, including an outdoor pool, grilling and dining areas, fire pits, TV and lounge areas and a turf lawn. The James also houses nearly 18,000 square feet of retail space. Jeffrey Dunne, Stuart MacKenzie, Eric Apfel, Travis Langer, Roland Merchant and Tom Pryor of CBRE represented the seller, Veris Residential, in the transaction. The buyer was not disclosed.

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Market-Mountain-House-CA
AcquisitionsCaliforniaRetailWestern

Brixton Capital Acquires 86,872 SF Shopping Center in Mountain House, California

by Amy Works

MOUNTAIN HOUSE, CALIF. — Brixton Capital has purchased The Market Mountain House, a neighborhood shopping center in Mountain House, from Shea Properties for $32 million. The fully leased property offers 86,872 square feet of retail space spread across five buildings. Current tenants include Safeway and its affiliated fuel station, Starbucks Coffee, The UPS Store, Great Clips and Haagen-Dazs. Rob Ippolito, Pete Bethea, Glenn Rudy, Nicholas Ricardo and Warren McClean of Newmark represented the Aliso Viejo, Calif.-based seller, while Brixton was self-represented in the transaction.

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1101-Spring-Place-Broomfield-CO
AcquisitionsColoradoRetailWestern

SRS Real Estate Arranges $9.3M Sale of KinderCare-Occupied Flex Property in Broomfield, Colorado

by Amy Works

BROOMFIELD, COLO. — SRS Real Estate Partners has brokered the sale of a newly developed flex building located at 1101 Spring Place in Broomfield. A Denver-based private developer sold the property to a Kansas City-based private investor for $9.3 million. Ryan Tomkins of SRS Capital Markets represented the seller in the transaction. Portland, Ore.-based KinderCare occupies the 12,000-square-foot property under a 15-year corporate-guaranteed, triple-net lease. KinderCare operates more than 2,400 locations in 40 states.

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