HOUSTON — Focus Healthcare Partners has acquired The Buckingham, a continuing care retirement community in West Houston. The property’s unit count was not disclosed. Focus acquired the 23-acre property through a court-supervised auction process at the beginning of this year and has since rebranded The Buckingham as Laural Parke Senior Living. LCS will operate the independent living, assisted living and memory care units on behalf of Focus. Ignite Medical Resorts will operate the skilled nursing services at the property.
ARLINGTON, TEXAS — Lee & Associates and Younger Partners have co-brokered the sale of a 12,006-square-foot industrial building in Arlington. The building at 1300 E. Corporate Drive was originally constructed in 1976. Alex Wilson and Mark Graybill of Lee & Associates and Justin Moreau of Younger Partners co-brokered the deal. The buyer and seller were not disclosed.
PROVIDENCE, R.I. — Newmark has brokered the $68 million sale of a life sciences and biomanufacturing facility in Providence. The 122,507-square-foot facility at 100 Technology Way was originally developed in 1993 and was fully leased at the time of sale to Organogenesis (NASDAQ: ORGO), a provider of regenerative medicine solutions. New York City-based investment firm Lightstone acquired the property from local owner-operator The Davis Cos. Robert Griffin, Jim Tribble, Samantha Hallowell, Tyler McGrail and William Sleeper of Newmark brokered the deal. The property is currently in the midst of a $100 million capital improvement program.
RAMSEY, N.J. — A joint venture between New York City–based alternative asset manager Wafra and local owner-operator Crossroads Cos. has acquired a 348,742-square-foot retail power center in Ramsey, located near the New York-New Jersey border. Interstate Shopping Center is a grocery-anchored (Shoprite) center that comprises seven buildings and 42 suites. Other tenants include T.J. Maxx, Burlington, Ulta Beauty, Michaels and DSW. Chris Munley, Colin Behr, David Gavin, Ryan Sciullo and Casey Benson Smith of CBRE structured the joint venture. Axiom Capital arranged acquisition financing for the deal. The seller and sales price were not disclosed.
TUSCALOOSA, ALA. — Senior Living Investment Brokerage (SLIB) has arranged the sale of an assisted living and memory care community located in Tuscaloosa. Built in 1994 and 2003, the property comprises 54 units. Dan Geraghty, Jeff Binder and Brad Clousing of SLIB represented the undisclosed seller in the transaction. The buyer and sales price were also not disclosed.
BUCKEYE, ARIZ. — Scannell Properties has acquired 129 acres at the northwest corner of Southern Avenue and Rooks Road in Buckeye from Scottsdale-based Arizona Land Consulting for the development of Summit Logistics Center. The sales price was $32.5 million. Mike Haenel, Andy Markham, Phil Haenel, Foster Bundy, Justin Smith and Jordan Sims of Cushman & Wakefield represented the buyer and seller in the transaction. Brian Lee of Cushman & Wakefield also represented the seller. Scannell Properties plans to break ground on Phase I of the project in the third quarter. The first phase will comprise a 1.1 million-square-foot industrial facility designed for large-scale logistics and distribution users. The building will feature 40-foot clear heights, 3,500 square feet of office space, 240 dock-high doors and four ground-level doors.
GREELEY, COLO. — Transwestern’s National Student Housing team has brokered the $16.5 million sale of University Flats, a student housing community located at 1758 6th Ave. in Greeley. An entity doing business as 1758 6th Avenue LLC acquired the asset for $62,879 per bed. Mike McGaughy, Jon Kleinberg and John Blackshire of Transwestern executed the transaction on behalf of the undisclosed seller via the RI Marketplace commercial real estate auction platform. Serving the University of Northern Colorado, University Flats features 262 beds and is located three blocks from campus. At the time of sale, the property was 97 percent occupied and 84 percent preleased for the 2026-2027 academic year.
DENVER — Marcus & Millichap has brokered the sale of Monaco South, a 220-unit workforce housing property in Denver. Greg Parker and Jason Hornik of Marcus & Millichap represented the undisclosed seller in the deal. Terms of the transaction were not released. Monaco South features convenient access to major employment centers, regional transportation corridors and a broad range of retail, dining and recreational amenities.
DETROIT — CooperWynn Capital has arranged an undisclosed amount of financing, including bridge debt and joint venture equity, for the acquisition and conversion of the 203-key DoubleTree Suites Detroit Downtown Fort Shelby hotel. The borrower is 6PM Hospitality Partners LLC. The property, which is listed on the National Register of Historic Places, will be rebranded as an Embassy Suites by Hilton and will undergo extensive renovations to guestrooms, public spaces, food-and-beverage outlets and meeting spaces. The hotel is expected to reopen later this year as a 204-key, all-suite hotel that will be managed by 6PM Hospitality Partners. The asset was originally constructed in 1917 and designed by renowned Detroit architect Albert Kahn. The hotel underwent a restoration in 2008 in connection with its repositioning under the DoubleTree by Hilton brand, followed by a refresh in 2023.
ELGIN, ILL. — Lee & Associates of Illinois has brokered the sale of a 442,601-square-foot industrial building located northwest of Chicago in Elgin. Rigid plastics manufacturer PJP Holdings purchased the facility for $24.8 million with plans to modernize it, inclusive of the surrounding infrastructure. Frank Griffin and Mike Adams of Lee & Associates represented the buyer, while law firm Liston & Tsantilis assisted on the transaction. Jack Brennan and Steve Bass of NAI Hiffman represented the seller, JP Elgin Project Co. LLC. The transaction marks the second-largest industrial building sale in metro Chicago in 2026 for square footage, according to Lee & Associates. The sale involved the utilization of Illinois’ 6B tax abatement program, which drives industrial investment, redevelopment and job creation in the region. PJP occupies four facilities in metro Chicago.