Acquisitions

Joint Venture Buys Marriott-Branded Hotel in Southwest Florida for $835M

by Taylor Williams May 4, 2026

MARCO ISLAND, FLA. — A joint venture between an affiliate of Sculptor Real Estate and Miami-based hospitality firm Trinity Investments has purchased the JW Marriott Marco Island Beach Resort, an 809-room hotel in southwest Florida for $835 million. The seller, MassMutual, owned the hotel resort for the past four decades. The sales price translates to more than $1,000 per room. The purchase is being financed with a $690 million acquisition loan. Situated on more than 26 acres with a quarter-mile of private beachfront, the JW Marriott Marco Island offers a variety of suites as part of its accommodations. According to another industry publication, Hotel Management, the hotel first opened in 1971 as the Marco Island Beach Hotel & Villas and was converted to a Marriott brand following a $320 million renovation in 2017. Today, guests at the hotel can enjoy amenities such as 140,000 square feet of meeting and event facilities, 12 dining and entertainment venues and a private membership club, as well as five pools and a 24,000-square-foot spa. In addition, patrons of the hotel have access to more than 400 acres of additional golf and resort activities and features. The new ownership plans to make capital improvements to …

May 4, 2026

Acquisitions Development Office Texas

PacVentures, AQUILA Buy 318,000 SF Office Complex in Northwest Austin, Plan Upgrades

by Taylor Williams May 1, 2026

AUSTIN, TEXAS — A joint venture between San Diego-based investment firm PacVentures Inc. and Austin-based AQUILA Commercial has purchased The Campus at Arboretum, a five-building, 318,000-square-foot office complex in northwest Austin with plans to implement capital improvements. Upgrades will cover the fitness center, tenant lounge and conference facilities, and the new ownership also plans to refresh lobbies and restrooms, update lighting and security and enhance outdoor areas throughout the campus. The seller and sales price were not disclosed.

May 1, 2026

Acquisitions Arizona Multifamily Western

Stoneweg Sells 194-Unit Apartment Community in Mesa, Arizona to Rise48 Equity

by Amy Works May 1, 2026

MESA, ARIZ. — Stoneweg has completed the disposition of Avenue 8, a garden-style multifamily property in Mesa. Rise48 Equity acquired the asset for an undisclosed price. Brett Polachek, Chris Chanter and Brad Goff of Newmark represented the seller in the transaction. Located at 1050 W. 8th Ave., Avenue 8 features 194 open-concept, two-bedroom/two-bath apartments averaging 1,000 square feet in size. All units include in-unit washers/dryers, private patios or balconies and abundant storage. Community amenities include a resort-style swimming pool and spa, fitness center, pet park and covered parking.

May 1, 2026

Acquisitions Alabama Loans Multifamily Southeast

Greystone Provides $28.2M Agency Acquisition Loan for Apartment Community in Tuscaloosa

by Abby Cox May 1, 2026

TUSCALOOSA, ALA. — Greystone has provided a $28.2 million Freddie Mac loan to finance the purchase of Landmark Apartments, a 264-unit multifamily community located in Tuscaloosa. Elliott Mulkin of Greystone originated the five-year loan, which features a 30-year amortization schedule and interest-only payments. The borrower and seller were not disclosed. Andrew Brown and Craig Hey of Cushman & Wakefield represented the buyer in the sale. Built in 2007, Landmark Apartments spans 23 acres and comprises a mix of one-, two- and three-bedroom floorplans. Amenities at the garden-style community include a resort-style swimming pool, fitness center with yoga studio, resident clubhouse, business center and outdoor gathering spaces.

May 1, 2026

Acquisitions Louisiana Retail Southeast

SRSA Negotiates $7.2M Sale of Ground-Floor Retail Condominium in New Orleans

by Abby Cox May 1, 2026

NEW ORLEANS — SRSA Real Estate has negotiated the $7.2 million sale of a ground-floor retail condominium at 1200 Poydras St. in New Orleans near the Caesars Superdome, home of the NFL’s New Orleans Saints. Chick-fil-A and Hurts Donut anchor the 17,270-square-foot space, with Juicy Seafood expected to open immediately. Steve Reisig and Christopher Robertson Jr. of SRSA Real Estate represented the seller, an entity doing business as Poydras Properties II LLC, in the transaction. The buyer requested anonymity.

May 1, 2026

Acquisitions Multifamily New Jersey Northeast

Landmark Cos. Acquires Northern New Jersey Apartment Complex for $35M

by Taylor Williams May 1, 2026

PISCATAWAY, N.J. — Landmark Cos. has acquired The Grove at Piscataway, a 110-unit apartment complex in Northern New Jersey, for $35 million. Built in 2020, the property consists of three residential buildings that house one- and two-bedroom units with an average size of 978 square feet, as well as a clubhouse building. Twenty percent (22) of the units are subject to income restrictions. Other amenities include a pool, outdoor grilling and dining stations, a fitness center, social lounge with billiards and coworking space. Mike Oliver, Jose Cruz, Steve Simonelli, Elizabeth DeVesty, Ryan Robertson and Austin Pierce of JLL represented Landmark in the transaction. The seller was not disclosed.

May 1, 2026

Acquisitions Midwest Ohio Retail

Prudent Growth Buys 20,520 SF Retail Center in Metro Cincinnati for $3.3M

by Kristin Harlow May 1, 2026

BATAVIA, OHIO — Prudent Growth Partners LLC, a private equity real estate firm based in Chapel Hill, N.C., has purchased Eastgate Shopping Center in Batavia near Cincinnati for $3.3 million. The neighborhood retail center totals 20,520 square feet and is situated along Old State Route 74 with direct access to State Route 32. The property is currently 94 percent leased and features a mix of service, medical and necessity-based tenants, including State Farm, Farmers Insurance, Merry Maids and Avis/Budget.

May 1, 2026

Acquisitions Arizona Hospitality Nevada Top Stories Western

VICI Properties Completes $1.2B Sale-Leaseback of Seven Casino Properties

by Abby Cox May 1, 2026

NEW YORK CITY AND LAS VEGAS — VICI Properties Inc. (NYSE: VICI), a REIT specializing in owning and operating gaming, hospitality and entertainment developments, has completed a $1.2 billion sale-leaseback of seven casino properties from Golden Entertainment Inc. (Nasdaq: GDEN). Under the terms of the deal, which was previously announced in November, Golden will be taken private by chairman and CEO Blake Sartini. In addition, Golden Entertainment shareholders have received approximately 24.3 million shares of newly issued VICI stock in exchange for the outstanding shares of Golden Entertainment stock. VICI will also assume and repay up to $426 million of Golden Entertainment’s outstanding debt using a combination of cash and net proceeds from the transaction. iGaming Business, a business-to-business trade publication and news website for the online gambling and betting industry, reported that VICI acquired the following properties: In total, the properties include 6,000 hotel rooms, 4,306 slot machines and 78 gaming tables, according to iGaming Business. “This transaction reflects the strategic direction Golden Entertainment has been building toward — a sharper focus on our core Nevada casino and tavern operations and becoming a private company,” says Blake L. Sartini, chairman and CEO of Golden Entertainment. “We’ve long respected VICI’s …

May 1, 2026

Acquisitions Florida Healthcare Southeast

Cushman & Wakefield Brokers $6.9M Sale of Delray Beach Medical Pavilion in South Florida

by John Nelson April 30, 2026

DELRAY BEACH, FLA. — Cushman & Wakefield has brokered the $6.9 million sale of Delray Beach Medical Pavilion, a 36,041-square-foot healthcare facility located at 14000 S. Military Trail in Delray Beach. Located in South Florida’s Palm Beach County, the clinic features covered parking and was 63.4 percent leased at the time of sale. Benlee Asset Management purchased Delray Beach Medical Pavilion from the seller, an entity doing business as 14000 S Military Trail LLC. Scott O’Donnell, Mike Ciadella, Greg Miller, Miguel Alcivar, Gino Lollio and Travis Ives of Cushman & Wakefield represented the seller in the transaction.

April 30, 2026

Acquisitions California Multifamily Western

Advanced Real Estate Acquires Two Multifamily Communities in Hollywood Totaling 393 Units

by Amy Works April 30, 2026

LOS ANGELES — Advanced Real Estate has purchased two apartment properties in the Hollywood neighborhood of Los Angeles, totaling 393 residences. The assets include the 200-unit Sky Hollywood (formerly known as Columbia Square Living) and the 193-unit Jardine Hollywood towers. Terms of the transactions were not released. The acquisitions bring the Advanced portfolio to almost 13,000 units in Southern California. Sky Hollywood is situated a block south of Hollywood Boulevard at El Centro, and Jardine is located a block south of Sunset Boulevard at Ivar. The properties offer rooftop pools, large fitness centers, resident lounges, floor-to-ceiling windows and luxury appliances. Additionally, each property offers penthouses leasing from $12,000 to $20,000 per month. Advanced Management Co. will handle property management for the assets. Advanced plans to make cosmetic upgrades to the properties, which will be administered by it affiliated construction company, R3 Construction Services. Blake Rogers, Dillon Bergum, Alexandra Caniglia and Kip Malo of JLL Capital Markets handled the acquisitions. Kevin Mackenzie, Greg Brown and Charlie Vorsheck of JLL procured two separate, uncrossed loans totaling $141.4 million from Freddie Mac. The loans have a fixed rate for 10 years and interest-only payments.

April 30, 2026

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