Tuesday, August 4, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Acquisitions

AcquisitionsMarylandRetailSoutheast

Continental Realty Acquires Retail Center in Suburban Maryland for $23.5M

by Alex Tostado

HAGERSTOWN, MD. — Continental Realty Corp. has acquired Centre at Hagerstown, a 331,000-square-foot retail center in Hagerstown, for $23.5 million. The property was 93 percent leased at the time of sale to tenants including Dick’s Sporting Goods, Bed Bath & Beyond, Marshalls, Books-A-Million, OfficeMax, PetSmart, Regency Furniture, 2nd & Charles and A.C. Moore. Centre at Hagerstown is located at 17850 Garland Grosh Blvd., three miles from downtown Hagerstown, the county seat of Washington County. Danny Finkle, Jordan Lex and John Owendoff of JLL represented the seller, WashREIT, in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsLouisianaRetailSoutheast

Marcus & Millichap Arranges $6.4M Sale of Shopping Center in New Orleans

by Alex Tostado

NEW ORLEANS — Marcus & Millichap has arranged the $6.4 million sale of River Commons, a 59,483-square-foot shopping center in New Orleans. River Commons, which is shadow-anchored by Walmart, was leased to 17 tenants at the time of sale, including Dollar Tree, Shoe Show, Cato and Sally Beauty. Zach Taylor and Don McMinn of Marcus & Millichap represented the seller, Rivercrest Realty, in the transaction. The buyer was Salim Rupani, a private investor based in Texas.

Continue Reading
FacebookTwitterLinkedinEmail
Avana-Orenco-Station-Hillsboro-OR
AcquisitionsMultifamilyOregonWestern

Greystar Sells 264-Unit Avana Orenco Station Apartments in Hillsboro, Oregon

by Amy Works

HILLSBORO, ORE. — Greystar has completed the disposition of Avana Orenco Station, a 264-unit multifamily property located at 6710 NE Vinings Way in Hillsboro. Jackson Square Properties purchased the asset free and clear of existing financing for an undisclosed amount. The 12-building community features 156 one-bedroom, 100 two-bedroom and eight three-bedroom units, averaging 925 square feet. Unit features include quartz countertops, stainless steel appliances, plank flooring in the living spaces, nine-foot ceilings and full-size washers/dryers. Community amenities include a swimming pool, spa, grilling areas, fire pit, gazebo, fitness center, community lounge, Wi-Fi, pool table, business center and dog park. Ira Virden and Carrie Kahn of JLL Capital Markets represented the seller.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsColoradoRetailWestern

NKF Negotiates $10.1M Sale of Roundhouse Retail Property in Colorado Springs

by Amy Works

COLORADO SPRINGS, COLO. — Newmark Knight Frank Colorado has arranged the sale of a Roundhouse, a retail building located at 600 S. 21st St. in Colorado Springs. CWC Income Properties 6 LLC acquired the property from 600 S. 21st LLC as an investment asset for $10.1 million. Riki Hashimoto, Dan Grooters, Brian Wagner and Mark O’Donnell of NKF Colorado represented the seller in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
The-Heyman-Center-Los-Angeles-CA
AcquisitionsCaliforniaRetailWestern

Marcus & Millichap Arranges $12.5M Sale of Two-Story Shopping Center in Los Angeles’ Koreatown

by Amy Works

LOS ANGELES — Marcus & Millichap has arranged the sale of The Heyman Center, a two-story shopping located in Los Angeles’ Koreatown. A California-based limited liability company sold the property to another California-based limited liability company for $12.5 million. Located at 730 S. Western Ave., The Heyman Center features 25,252 square feet of retail space and a 48-car parking lot on a 28,918-square-foot site. At the time of sale, the property was 87 percent occupied by a mix of net-leased tenants. Brandon Michaels of Marcus & Millichap’s Encino office represented the seller and buyer in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
501-E-Fifth-St-Beaumont-CA
AcquisitionsCaliforniaRestaurantRetailWestern

Progressive Real Estate Partners Brokers $2.3M Sale of Restaurant Asset in Inland Empire

by Amy Works

BEAUMONT, CALIF. — Progressive Real Estate Partners has facilitated the sale of a restaurant property, located at 501 E. Fifth St. in Beaumont. A private Riverside-based investor sold the property to San Jose-based private investor for $2.3 million, or $1,006 per square foot. Built in 2008, the 2,250-square-foot building, which features a drive-thru, recently underwent a renovation. Popeyes Louisiana Kitchen occupies the single-tenant property. Greg Bedell of Progressive Real Estate Partners represented the seller, while Cindy Hipwell of Hipwell Real Estate represented the buyer in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMichiganMidwestMultifamily

Berkadia Brokers $32.5M Sale of Multifamily Property in Michigan

by Kristin Harlow

FARMINGTON HILLS, MICH. — Berkadia has brokered the sale of Hillside Forest, a 252-unit multifamily property in Oakland County’s Farmington Hills. Built in 1986, the community features one- and two-bedroom floor plans. Amenities include a 24-hour fitness center, clubhouse, pool, jogging trail and tennis courts. Kevin Dillon, Jason Krug, Rick Vidrio, Rick Brace, Charley Henneghan, Corey Krug and Carly Dietz of Berkadia represented the seller, Michigan-based Berger Realty Group Inc. Affiliates of Highgate Capital Group, based in Chicago, purchased the asset. Robert Falese of Berkadia originated $26.8 million in acquisition financing on behalf of the borrower. The 10-year Freddie Mac loan features a fixed interest rate of 3.87 percent and a loan-to-value ratio of 80 percent.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMidwestOfficeOhio

Reichle Klein Group Arranges $1.7M Sale of Office Building in Maumee, Ohio

by Kristin Harlow

MAUMEE, OHIO — Reichle Klein Group has arranged the $1.7 million sale of the St. George Professional Office Building in Maumee, about 10 miles southwest of Toledo. The 16,307-square-foot property is located at 1661 Holland Road within Arrowhead Business Park. Ryan Miller of Reichle Klein represented the seller, KMP Management Group LLC. Toledo Med Partner LLC purchased the building.

Continue Reading
FacebookTwitterLinkedinEmail
rosewood-495-amsterdam-new-york
AcquisitionsMultifamilyNew YorkNortheast

Rosewood Realty Group Arranges $10.5M Sale of Manhattan Multifamily Building

by Alex Patton

NEW YORK CITY — Rosewood Realty Group has arranged the $10.5 million sale of 495 Amsterdam Avenue, a five-story multifamily building in Manhattan. Built in 1900, the 9,975-square-foot property features eight four-bedroom apartments and three retail spaces that are leased to a spa and electronics and clothing retailers. Aaron Jungreis of Rosewood Realty Group represented the buyer, Rudd Realty Management, in the transaction. Jungreis also represented the seller, 162 West 84th Street Corp.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsConnecticutNortheastRetail

Marcus & Millichap Brokers $4.3M Sale of Retail Center in Brooklyn, Connecticut

by Alex Patton

BROOKLYN, CONN. — Marcus & Millichap has brokered the $4.3 million sale of Brooklyn Commons, a retail center located about 45 miles east of Hartford. The 106,900-square-foot property was 60 percent leased at the time of sale to tenants including Ocean State Job Lot, Dollar Tree and Subway. Laurie Ann Drinkwater and Seth Richard of Marcus & Millichap represented the seller, a private investor, in the transaction. The team also represented the buyer, an undisclosed limited liability company.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts