Acquisitions

JLL Negotiates Sale of 202-Unit Luxury Apartment Community in Edina, Minnesota

by Kristin Harlow January 12, 2026

EDINA, MINN. — JLL Capital Markets has negotiated the sale of The Eddi at Pentagon Village, a luxury apartment community with 202 units in Edina. Completed in 2023, the property is positioned within the Pentagon Village development. Units average 753 square feet. According to JLL, The Eddi is the largest wood-frame modular apartment building in Minnesota, with 205 modules manufactured off site by Rise Modular and stacked atop a site-built concrete parking and amenity podium. Amenities include a fitness center, pool, clubroom, coworking spaces, dog spa and outdoor fire pits. Josh Talberg, Joseph Peris and Jack Graveline of JLL represented the sellers, Rise Modular and Soloman Real Estate Group. Oaks Properties was the buyer.

January 12, 2026

Acquisitions Michigan Midwest Retail

Mid-America Brokers Sale of 99,529 SF Retail Center in Grand Rapids

by Kristin Harlow January 12, 2026

GRAND RAPIDS, MICH. — Mid-America Real Estate Corp. has brokered the sale of Cascade East, a 99,529-square-foot, grocery-anchored retail center in Grand Rapids. The property was 97 percent leased at the time of sale to D&W Fresh Market, Hallmark, Sola Salon Studios, iSmash, Your Pets Naturally, HOTWORX, Warhammer and Pit Stop Catering. Ben Wineman, Eric Geskermann and Daniel Stern of Mid-America represented the seller, a publicly traded REIT. Batal Real Estate, a metro Detroit-based private investment firm, was the buyer.

January 12, 2026

Acquisitions Illinois Midwest Multifamily

Essex Realty Group Arranges $3.3M Sale of Multifamily Property in Addison, Illinois

by Kristin Harlow January 12, 2026

ADDISON, ILL. — Essex Realty Group has arranged the $3.3 million sale of 439-449 W. Stevens Drive, a 23-unit multifamily property in Addison. Anthony Citriglia of Essex Realty Group brokered the transaction. Additionally, Asher Motew, Quinn Keenan and Elliott Quigley of Essex Capital Markets arranged a $2.2 million acquisition loan through Freddie Mac. The five-year loan features interest-only payments for two years.

January 12, 2026

Acquisitions Florida Loans Multifamily Southeast

CBRE Arranges $162M Acquisition Loan for Multifamily Portfolio in Gainesville, Florida

by Abby Cox January 12, 2026

GAINESVILLE, FLA. — CBRE has arranged a $162 million acquisition loan for a six-property multifamily portfolio totaling 1,432 units in Gainesville on behalf of Westlight Capital. Jubeen Vaghefi and Denny St. Romain of CBRE represented the undisclosed seller in the transaction and secured the financing. The multifamily properties named in the portfolio, which are located near major employment drivers, universities and key regional infrastructure, include Hunters Crossing, Huntington Lakes, Lake Crossing, Spyglass, Lakewood Villas and Woodland Villas.

January 12, 2026

Acquisitions Alabama Retail Southeast

JLL Income Property Trust Acquires Westbury Square Shopping Center in Huntsville for $32M

by Abby Cox January 12, 2026

HUNTSVILLE, ALA. — JLL Income Property Trust has acquired Westbury Square, a 115,000-square-foot shopping center located in Huntsville, for $32 million. Tenants at the center, which was fully leased at the time of sale, include T.J. Maxx, Michaels, Stein Mart, Metro Diner, Chicken Salad Chick, Captain D’s, BB&T, Moe’s Southwest Grill, Jenny Craig, Jimmy John’s and Cricket Wireless. Cushman & Wakefield represented the undisclosed seller in the transaction.

January 12, 2026

Acquisitions California Industrial Office Western

IHC State Sells 256,722 SF Flex Industrial Building in Ontario, California for $57.1M

by Amy Works January 9, 2026

ONTARIO, CALIF. — Rancho Cucamonga, Calif.-based IHC State LLC has completed the disposition of a fully occupied industrial and office building in Ontario. Santa Fe Springs, Calif.-based Orden Co. acquired the asset for $57.1 million. Located at 875 W. State St., the cross-dock facility offers 257,722 square feet of space, a 40-foot minimum clear height, 51 dock-high doors, two GL doors and 2,000 amps of power. Eric Fikse and Eric Burney of DAUM Commercial represented the seller, while Fikse procured the buyer in the deal.

January 9, 2026

Acquisitions Colorado Idaho Multifamily Western

Milestone Group Acquires Two Multifamily Communities in Colorado, Idaho Totaling 602 Units

by Amy Works January 9, 2026

FORT COLLINS, COLO., AND MERIDIAN, IDAHO — The Milestone Group has purchased two apartment properties in Colorado and Idaho totaling 602 units. Terms of the transactions were not released. Milestone acquired Bucking Horse Apartments, a 322-unit, garden-style asset within the 160-acre Bucking Horse master-planned community in Fort Collins. The property features low-density residential buildings offering one-, two- and three-bedroom units, as well as three-bedroom garage townhomes. Additionally, Milestone purchased Prelude at Paramount, a 280-unit garden-style property in Meridian. The resort-style community features one-, two- and three-bedroom units with smart home technology and recently renovated common area amenities.

January 9, 2026

Acquisitions California Loans Multifamily Seniors Housing Western

BMO Healthcare Real Estate Provides Acquisition Financing for 156-Unit Seniors Housing Property in California

by Amy Works January 9, 2026

ALISO VIEJO, CALIF. — BMO Healthcare Real Estate has provided financing for the acquisition of Belmont Village Aliso Viejo in southern California’s Aliso Viejo. Harrison Street Asset Management was the borrower. Opened in 2019, the community totals 156 assisted living and memory care units. Belmont Senior Living developed and operates the property. Harrison Street currently has more than $108 billion in assets under management.

January 9, 2026

Acquisitions California Retail Western

Palomar Fitness Partners Buys 50,000 SF Retail Property in San Francisco

by Amy Works January 9, 2026

SAN FRANCISCO — Los Angeles-based Palomar Fitness Partners has acquired a retail building located at 1515 Sloat Blvd. in San Francisco. Lucky California Supermarket occupied the 50,000-square-foot property on a long-term lease. The buyer purchased the asset as part of a 1031 tax-deferred exchange. Additional terms of the transaction were not released. Patrick Wade and Alexander Kozakov of CBRE represented the undisclosed seller in the deal.

January 9, 2026

Acquisitions Healthcare Michigan Midwest

Cushman & Wakefield Brokers $56M Sale of Oncology Center Portfolio in Western Michigan

by Kristin Harlow January 9, 2026

GRAND RAPIDS, HOLLAND, NORTON SHORES AND BIG RAPIDS, MICH. — Cushman & Wakefield has brokered the $56 million sale of the Michigan OneOncology Cancer Center portfolio, a five-property portfolio totaling 152,289 square feet across western Michigan. The oncology-focused medical outpatient buildings, located in Grand Rapids, Holland, Norton Shores and Big Rapids, were fully leased at the time of sale. OneOncology operates the centers in partnership with The Cancer & Hematology Centers. The facilities are situated near Corewell Health and Trinity Health hospitals. Each property serves as a treatment hub with infusion bays, onsite radiation oncology and specialty pharmacy services. Gino Lollio, Travis Ives, Tyler Morss and Garrett Keais of Cushman & Wakefield represented the seller, a group of physicians and investors associated with the operating practice of the facilities.

January 9, 2026

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