Acquisitions

Orion Buys Food Lion-Anchored Shopping Center in Boone, North Carolina for $26.1M

by John Nelson September 30, 2026

BOONE, N.C. — Miami-based Orion Real Estate Group has acquired Watauga Village, an 88,800-square-foot neighborhood shopping center located in Boone, a city in western North Carolina and home of Appalachian State University. Adam Russ, Erin Varol and Will Register of CBRE represented the undisclosed seller in the $26.1 million transaction. Food Lion anchors the property, which was fully leased at the time of sale to tenants including Michaels, Mercy Urgent Care, Spectrum, Tropical Smoothie Café and Wingstop. Orion currently owns or manages an additional 23 properties totaling 101,583 square feet throughout North Carolina, which are all single-tenant, triple-net properties. Watauga Village is the firm’s first shopping center acquisition in the state.

September 30, 2026

Acquisitions Affordable Housing Multifamily New York Northeast

Ariel Property Advisors Negotiates $75M Sale of Two Manhattan Apartment Buildings

by Taylor Williams September 30, 2026

NEW YORK CITY — Locally based brokerage firm Ariel Property Advisors has negotiated the $75 million sale of two Section 8 apartment buildings totaling 126 units in Manhattan. The properties are located at 200 Manhattan Ave. and 133 W. 104th St. in the Manhattan Valley area on the borough’s Upper West Side. Victor Sozio, Shimon Shkury and Remi Mandell of Ariel represented the undisclosed seller in the transaction. The name and representative of the buyer were also not disclosed.

September 30, 2026

Acquisitions Massachusetts Northeast Retail

Atlantic Capital Partners Negotiates $10.2M Sale of Shopping Center in Springfield, Massachusetts

by Taylor Williams September 30, 2026

SPRINGFIELD, MASS. — Regional brokerage firm Atlantic Capital Partners (ACP) has negotiated a $10.2 million sale of Boston Commons Plaza, a 103,494-square-foot shopping center in the Western Massachusetts city of Springfield. Boston Commons Plaza was 98 percent leased to six tenants at the time of sale, with Kohl’s serving as the anchor. Justin Smith, Chris Peterson, Danielle Turpin and Matt Ericson of ACP brokered the deal. The buyer and seller were not disclosed.

September 30, 2026

Acquisitions Arizona Multifamily Western

D.R. Horton Divests of 260-Unit Ascend at Black Canyon Multifamily Property in Phoenix

by Amy Works September 30, 2026

PHOENIX — D.R. Horton has completed the disposition of Ascend at Black Canyon, an apartment community in Phoenix, to Millburn & Co. for $58.7 million, or $225,769 per unit. Steve Gebing and Cliff David of Institutional Property Advisors (IPA), a division of Marcus & Milichap, represented the seller and procured the buyer in the transaction. Built on 10 acres in 2024, Ascend at Black Canyon is a controlled-access community with 260 one-, two- and three-bedroom apartments with stainless steel appliances, washers/dryers, smart-home technology, dual-pane windows and private patios or balconies. Community amenities include a resort-style swimming pool, 24-hour fitness center, two dog parks and a pet washing station.

September 30, 2026

23126-23170-Valencia-Blvd-Santa-Clarita-CA

Acquisitions California Retail Western

SRS Real Estate Brokers $27.5M Sale of Value-Add Retail Property in Santa Clarita, California

by Amy Works September 30, 2026

SANTA CLARITA, CALIF. — SRS Real Estate Partners has arranged the sale of a value-add retail property located at 23126-23170 Valencia Blvd. in Santa Clarita. A Los Angeles-based investor sold the asset to Glendale, Calif.-based Avant Real Estate for $27.5 million. Situated on 12.6 acres, the shopping center totals 120,559 square feet and was formerly a Kmart-anchored retail center. At the time of sale, the asset was 80 percent leased. The new ownership plans to fully renovate the shopping center, maintaining its retail use while upgrading the property and enhancing its overall appearance. Carlos Lopez, Terrison Quinn and Tony Vuona of SRS Capital Markets represented the seller, while Ed Matevosian of CBRE represented the buyer in the deal.

September 30, 2026

Acquisitions California Retail Western

Sterling Organization Buys 69,622 SF Pavilions Marketplace in West Hollywood

by Amy Works September 30, 2026

WEST HOLLYWOOD, CALIF. — West Palm Beach, Fla.-based Sterling Organization, on behalf of its institutional value-add fund Sterling Value Add Partners, has acquired the 69,622-square-foot Pavilions Marketplace in West Hollywood. Terms of the transaction were not released. Pavilions Marketplace is currently 89 percent leased and anchored by a 54,087-square-foot Pavilions grocery store. Additional tenants include Chase Bank, Insomnia Cookies and Nothing Bundt Cakes. The property is situated on 3.4 acres at the intersection of Santa Monica and North Robertson boulevards.

September 30, 2026

Acquisitions Midwest Minnesota Multifamily

Waterton Acquires 453-Unit Apartment Community in Woodbury, Minnesota

by Kristin Harlow September 30, 2026

WOODBURY, MINN. — Waterton has acquired City Walk at Woodbury, a 453-unit apartment community in the Twin Cities suburb of Woodbury. The property comprises two four-story residential buildings, heated indoor parking garages, a clubhouse and 24,000 square feet of retail space. Waterton will execute a value-add program to enhance the residences, hallways and common areas. Built in phases in 2005 and 2011, City Walk at Woodbury features one-, two- and three-bedroom floor plans. The clubhouse includes an indoor pool, hot tub, sauna, game room, golf simulator, business center, children’s room and a fitness center with a yoga studio and spin room. Residents also have access to community kitchens, club lounges and coworking spaces.

September 30, 2026

Acquisitions Multifamily Texas

37th Parallel Acquires 222-Unit Apartment Complex in Sachse, Texas

by Taylor Williams September 29, 2026

SACHSE, TEXAS — Virginia-based investment firm 37th Parallel Properties has acquired Woodbridge Villas, a 222-unit apartment complex in Sachse, a northeastern suburb of Dallas. Built on 10.5 acres in 2002, Woodbridge Villas features one-, two- and three-bedroom units with an average size of 875 square feet across 11 residential buildings. Amenities include a pool, fitness center, clubhouse, business center, outdoor grilling and dining stations and a pet park. The seller and sales price were not disclosed.

September 29, 2026

Acquisitions Retail Texas

JLL Negotiates Sale of Shopping Center in Northwest Austin

by Taylor Williams September 29, 2026

AUSTIN, TEXAS — JLL has negotiated the sale of Casis Village, a shopping center in northwest Austin’s Tarrytown neighborhood. The square footage was not disclosed, but the site spans 3.4 acres. Grocer Randalls anchors the center, which was 92 percent leased at the time of sale. Other tenants include Estilo Boutique, Starbucks, Tarrytown Pharmacy, Zed’s and Face Foundrie. Chris Gerard and Shea Petrick of JLL represented the seller, a joint venture between Ivy Cos. and 35 South Capital. The name of the buyer was not disclosed.

September 29, 2026

Acquisitions Industrial New York Northeast Self-Storage

JLL Negotiates Sale of 405-Unit Self-Storage Facility in Jefferson Valley, New York

by Taylor Williams September 29, 2026

JEFFERSON VALLEY, N.Y. — JLL has negotiated the sale of a 405-unit self-storage facility in Jefferson Valley, about 50 miles north of New York City. Built on 3.6 acres in 2022, Jefferson Valley Self Storage is a conversion of a former big box retail store that features 55,311 net rentable square feet of space. CubeSmart operates the facility, which was 87 percent occupied at the time of sale. JLL represented the seller, Columbia Pacific Advisors, in the transaction. Horizon Storage Group purchased the facility for an undisclosed price. Andover Lending, a joint venture between Andover Properties and TPG Angelo Gordon, provided acquisition financing for the deal.

September 29, 2026

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