Acquisitions

Marcus & Millichap Brokers Sale of Historic Sacajawea Hotel in Three Forks, Montana

by Amy Works February 24, 2026

THREE FORKS, MONT. — Marcus & Millichap has arranged the sale of Sacajawea Hotel, a historic property located at 5 N. Main St. in Three Forks. Terms of the transaction were not released. Built in 1910 and fully refurbished in 2010, Sacajewea Hotel features 36 rooms, event space, two full-service bars, including Sacajawea Bar, and Pompey’s Grill steakhouse. Huberth Marak and Adam Christofferson of Marcus & Millichap represented the seller and procured the buyer in the deal. Skyler Cooper, Chris Gomes and Allan Miller of Marcus & Millichap’s Miller-Gomes Hotel team also assisted with the transition.

February 24, 2026

Acquisitions Illinois Midwest Retail

JLL Arranges $28.4M Sale of Empire Crossing Shopping Center in Bloomington, Illinois

by Kristin Harlow February 24, 2026

BLOOMINGTON, ILL. — JLL Capital Markets has arranged the $28.4 million sale of Empire Crossing, a 229,971-square-foot retail power center in Bloomington. Anchor tenants include Dick’s Sporting Goods, HomeGoods, Ashley Furniture HomeStore and DSW. The seller, BET Investments, completed a redevelopment that converted the long-vacant Kmart anchor store into multi-tenant space. Currently 85 percent occupied, the property offers value-add potential through 33,000 square feet of vacancy across eight suites. Michael Nieder and Brian Page of JLL represented the seller. Chase Properties was the buyer.

February 24, 2026

Acquisitions Company News Multifamily New Jersey Northeast Top Stories

Affinius Capital-Led Consortium Agrees to Acquire Veris Residential in $3.4B Go-Private Deal

by John Nelson February 24, 2026

JERSEY CITY, N.J. — An investor consortium led by Affinius Capital has entered into a definitive merger agreement to acquire Veris Residential Inc. (NYSE: VRE), a multifamily real estate investment trust (REIT) based in Jersey City. As of Dec. 31, 2025, the company’s portfolio spanned more than 6,500 units in the Northeast, as well as $35 million in land bank holdings. Under the terms of the agreement, the consortium, which also includes Vista Hill Partners, will purchase Veris in an all-cash transaction for $19 per share of the REIT’s common stock, with represents an implied enterprise value of $3.4 billion. As a result of the transaction, Veris will no longer be publicly traded on the New York Stock Exchange. Mahbod Nia, CEO of Veris, says the merger represents the culmination of a multi-year transformation of the company that began in 2020, when the firm, then known as Mack-Cali Realty Corp., established its ESG committee. “Over the past five years, we have undertaken meaningful steps to pivot away from office, simplifying and focusing the business, strengthening our balance sheet and enhancing our operational platform,” says Nia. The transaction price reflects a 23.2 percent premium to Veris’ unaffected closing share price on Wednesday, …

February 24, 2026

Acquisitions Development Industrial Midwest Ohio

ICP Acquires Remaining 134 Acres at Miami Valley Research Park Near Dayton

by Kristin Harlow February 23, 2026

KETTERING, OHIO — Industrial Commercial Properties (ICP) has acquired the remaining 134 acres of developable land at Miami Valley Research Park in Kettering near Dayton. ICP already owns Sixth River, a five-building office asset, and 3909 Research Boulevard, a light industrial facility, within Miami Valley Research Park. ICP’s long-term vision for the park has already included strategic enhancements. The firm partnered with Vision Cos. for a new market-rate apartment community. ICP is engaging with corporate users, brokers and economic development partners for the next phase of development within the park.

February 23, 2026

Acquisitions Midwest Minnesota Multifamily

JLL Arranges Sale of 180-Unit Luxury Multifamily Community in Metro Twin Cities

by Kristin Harlow February 23, 2026

COON RAPIDS, MINN. — JLL Capital Markets has arranged the sale of Lyra at Riverdale Station, a luxury multifamily community with 180 units in the northern Twin Cities suburb of Coon Rapids. Josh Talberg and Joseph Peris of JLL represented the seller and procured the buyer, MLG Capital, which assumed the property’s existing HUD loan. Lyra represents the counterpart asset to Aster, which JLL brokered the sale of in December.

February 23, 2026

Acquisitions Illinois Midwest Multifamily

Triad Real Estate Partners Brokers Sale of 94-Unit Apartment Complex in Westmont, Illinois

by Kristin Harlow February 23, 2026

WESTMONT, ILL. — Triad Real Estate Partners has brokered the sale of The Quincy Station Apartments in Westmont for an undisclosed price. Completed in 2022, the property consists of 94 units and a ground-floor restaurant named Whiskey Hill. Chicago-based Banner Real Estate Group purchased the asset from Holladay Properties. The property features one-, two- and three-bedroom units and is situated within steps of a Metra station.

February 23, 2026

Acquisitions Colorado Industrial Western

Cabot Properties Sells 112,500 SF Manufacturing Facility in Centennial, Colorado

by Amy Works February 23, 2026

CENTENNIAL, COLO. — Cabot Properties has completed the disposition of a single-tenant manufacturing facility at 6284 S. Nome Court in Centennial. The Koll Co. acquired the asset for $21.5 million. Situated on 7.4 acres, the 112,500-square-foot property features specialized infrastructure designed for precise manufacturing operations. Built in 1996, the concrete tilt-up building offers front-loading dock access with seven docks, a clear height of 22 feet and a 6,000-amp electrical capacity. Additionally, the asset offers a 125-foot truck court with concrete apron, 104 auto parking spaces, wet fire protection systems and a mix of T5 and T12 lighting throughout the warehouse space. Plastic Design & Manufacturing Co., operating as Plastic Molding Technology, has occupied the facility since 1997. The company specializes in custom plastic molding solutions, including thermoforming and precision injection molding. Peter Merrion and Rob Key of JLL Capital Markets represented the seller in the transaction.

February 23, 2026

Acquisitions Arizona Office Western

LevRose CRE Negotiates $9.7M Sale of Ventura Gateway Office Building in Scottsdale, Arizona

by Amy Works February 23, 2026

SCOTTSDALE, ARIZ. — LevRose Commercial Real Estate has directed the sale of Ventura Gateway, a multi-tenant office building in Scottsdale. The property traded for $9.7 million, or $185 per square foot. Situated on 3.3 acres at 8687 E. Via de Ventura, the property offers 52,583 square feet of office space. Jason Reddington and Keri Davies of LevRose represented the undisclosed buyer and undisclosed seller in the deal.

February 23, 2026

Acquisitions Arizona Office Western

Legacy Property Management Divests of 50,000 SF Office Space in Tucson for $8.5M

by Amy Works February 23, 2026

TUCSON, ARIZ. — Legacy Property Management has completed the sale of a 50,000-square-foot office space at 155 N. Rosemont Blvd. in Tucson. The Special Fund of the Industrial Commission of Arizona acquired the space for $8.5 million. Richard Kleiner and Alexis Corona of Cushman & Wakefield | PICOR represented the seller, while Christopher Corney of Jones Lang LaSalle Americas represented the buyer in the deal.

February 23, 2026

Acquisitions California Retail Western

Enduring Real Estate Brokers $5M Sale of Vacant Gas Station, Convenience Store in Escondido, California

by Amy Works February 23, 2026

ESCONDIDO, CALIF. — Enduring Real Estate has brokered the sale of a vacant gas station located at 2004 E. Valley Parkway in Escondido. As attorney-in-fact, Dan Forde of Hoffman and Forde sold the asset to ASA Danial LLC for $5 million. Kevan McDougal and Joe Wojdowski of Enduring Real Estate represented the seller in the deal. The 23,087-square-foot parcel features a convenience store, auto repair facility, 16 gas dispensers and four 10,000-gallon double-wall tanks. Due to health issues of the previous ownership, the station was not operational for several years. The buyers plan to reopen the gas station after a six-month renovation.

February 23, 2026

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