Acquisitions

8781-Cuyamaca-St-9822-Buena-Vista-Ave-Santee-CA

CBRE Brokers $3.7M Sale of Multi-Tenant Retail Property in Santee, California

by Amy Works June 3, 2026

SANTEE, CALIF. — CBRE has arranged the sale of a multi-tenant retail building located at 8781 Cuyamaca St. and 9822 Buena Vista Ave. in Santee. Affiliates of Calgary Development sold the asset to Burggraf Family Trust for $3.7 million. Situated on 1.1 acres, the property features 16,390 square feet of retail space and was 90 percent leased at the time of sale. Reg Kobzi, Michael Peterson and Lane Robertson of CBRE represented the seller, while William Strocco Jr. of St. Rocco Properties represented the buyer in the deal.

June 3, 2026

Acquisitions California Georgia Industrial Southeast Texas Top Stories Washington Western

BKM, Kayne Anderson Acquire 8.5 MSF Light Industrial Portfolio for $1.8B

by Kristin Harlow June 3, 2026

NEWPORT BEACH, CALIF. AND BOCA RATON, FLA. — BKM Capital Partners and Kayne Anderson Real Estate have acquired an 8.5 million-square-foot light industrial portfolio from Link Logistics for $1.8 billion. The portfolio includes 51 multi-tenant properties across markets in California, Washington, Texas and Georgia. The deal marks the largest light industrial transaction since 2022, according to the joint venture partners, which now maintain roughly 15 million square feet of multi-tenant light industrial assets under management. The portfolio is approximately 90 percent occupied and consists of nearly 2,000 units across 275 buildings, all located in infill submarkets within high-growth metropolitan areas. “At Kayne Anderson Real Estate, we continue to focus on sectors where we see durable demand drivers and the opportunity to create value through scale, vertical integration and operational expertise,” says Al Rabil, co-founder and CEO of Kayne Anderson Real Estate. “Multi-tenant light industrial remains a highly fragmented segment with compelling fundamentals.” “This acquisition marks the largest addition to BKM’s platform to date and is representative of the strategy we have deployed in the multi-tenant light industrial space for years,” says Brian Malliet, founder, CEO and chief investment officer of BKM. “It not only underscores the importance of deep operating …

June 3, 2026

Acquisitions California Retail Western

JLL Arranges $91.3M Sale of 122,167 SF Retail Center in Southern California

by Amy Works June 2, 2026

CARLSBAD, CALIF. — JLL Capital Markets has arranged the $91.3 million sale of The Beacon, a 122,167-square-foot neighborhood retail center located in Carlsbad, roughly 35 miles north of San Diego. Asana Partners sold the asset to 11North Partners. The Beacon, which comprises 15.2 acres, was originally built in 1982 and renovated from 2020 to 2023. Luxury fitness brand Equinox anchors the center, which features a mix of tenants including Arhaus, Sweetgreen, Shake Shack, Jeni’s Ice Cream, Pitfire Pizza and Lofty Coffee Co. Geoff Tranchina, Gleb Lvovich and Daniel Tyner of JLL represented the seller in the deal.

June 2, 2026

Acquisitions California Multifamily Western

Advanced Real Estate Buys 126-Unit Casa La Paz Apartment Community in Rowland Heights, California

by Amy Works June 2, 2026

ROWLAND HEIGHTS, CALIF. — Advanced Real Estate has purchased Casa La Paz, a 126-unit multifamily property located in Rowland Heights, an unincorporated community in the San Gabriel Valley within Los Angeles County. The company acquired the property via its Advanced Fund 24-3, a 721 tax-deferred “exchange and contribution” structure. Through this process, the former ownership group contributed the property into the fund in exchange for partnership interests in Advanced Fund 24-3. Additional terms of the transaction were not released. Advanced Real Estate plans to execute a comprehensive value-add renovation to the community, which will be rebranded as The Rowland. Advanced’s affiliated construction company, R3 Construction Services, will administer the renovations. Property management will be handled in-house by Advanced Management Co.

June 2, 2026

Acquisitions Arizona Office Western

Cushman & Wakefield Brokers Sale of 87,030 SF Multi-Tenant Office Building in Phoenix

by Amy Works June 2, 2026

PHOENIX — Cushman & Wakefield has arranged the sale of Fairmount Place, an 87,030-square-foot office property in Tucson. First & Center LLC sold the asset to Albuquerque SNF LLC for $11.5 million. Located at 4001 N. 3rd St., the four-story building is divided into 31 suites. At the time of sale, the property was 92 percent occupied by multiple tenants. Eric Wichterman and Chris Toci of Cushman & Wakefield represented the seller in the deal.

June 2, 2026

Acquisitions California Office Western

Chinatown Service Center Acquires 25,320 SF Office Building in San Gabriel, California

by Amy Works June 2, 2026

SAN GABRIEL, CALIF. — Chinatown Service Center, a nonprofit, has purchased an office building located at 526 W. Las Tunas Drive in San Gabriel from 211 LA for $8.2 million. Mark Shaffer, Anthony DeLorenzo and Dylan Rutigliano of CBRE represented the seller, while Natalie Bazarevitsch and Jackie Benavidez of CBRE represented the buyer in the deal. Originally developed in 1955 as a regional bank branch, the two-story, elevator-served building features 25,320 square feet of office space, as well as a basement and drive-around surface parking. The building has been consistently maintained and upgraded, including a new roof, a backup diesel generator, a three-stop hydraulic elevator installed in 2021 and lighting largely retrofitted to LED.

June 2, 2026

Acquisitions Development Texas

Dallas Mavericks Agree to Buy 104 Acres at Former Valley View Mall for New Arena, Entertainment Complex

by Taylor Williams June 2, 2026

DALLAS — The Dallas Mavericks have entered into options agreements for the potential purchase of 104 acres at the site of the former Valley View Mall on the city’s north side that could become the future home of a new basketball arena and entertainment complex, according to a statement issued by the team on June 1. The team stated that the Valley View site, which has been targeted for years for potential redevelopment by various companies, satisfied “most of the criteria established at the outset of our evaluation process.” According to The Dallas Morning News, the Mavericks’ lease at their current arena, American Airlines Center, expires in July 2031, and the team has set a self-imposed deadline of July 1 of this year to complete the site selection process for a new venue. The paper also reported that the Mavericks want a footprint of at least 50 acres for the new arena and surrounding entertainment district and as of January 2026, had essentially narrowed their decision down to the Valley View site or an unspecified location in downtown Dallas. The Mavericks have played at American Airlines Center since 2001.

June 2, 2026

Acquisitions Data Centers Industrial New Jersey Northeast

Cresa Negotiates 249,640 SF Data Center Lease in Carlstadt, New Jersey

by Taylor Williams June 2, 2026

CARLSTADT, N.J. — Cresa has negotiated a 249,640-square-foot data center lease in the Northern New Jersey community of Carlstadt. The tenant was not disclosed. The deal is for the entirety of the building at 600 Commerce Blvd., which was originally constructed in 2008 for a major banking institution. Michael Morris, Sumner Putnam, Kensey Gawne and Matt Deutsch of Cresa represented the landlord, local owner-operator Russo Development, in the lease negotiations.

June 2, 2026

Acquisitions Florida Hospitality Southeast

Berkadia Brokers Sale of 294-Unit Condominium Hotel in Sunny Isles Beach, Florida

by John Nelson June 2, 2026

SUNNY ISLES BEACH, FLA. — Berkadia has brokered the sale of Solé Miami, A Noble House Resort, a 294-key condominium hotel located in Sunny Isles Beach, about 20 miles north of downtown Miami. The resort features beach access, a pool, fitness center and a steam room. Christian Charre and Paul Wiemer of Berkadia represented the seller, Mast Capital, in the transaction. South Street Partners acquired the property for an undisclosed price.

June 2, 2026

Acquisitions Florida Healthcare Southeast

BGO Acquires 41,810 SF Medical Office Building in Metro Tampa

by John Nelson June 2, 2026

RIVERVIEW, FLA. — BGO, the institutional investment firm formerly known as BentallGreenOak, has acquired 6606 Simmons Loop Road, a 41,810-square-foot medical office building located in the Tampa suburb of Riverview. The two-story property was fully leased at the time of sale to Women’s Healthcare Enterprises and AdventHealth. CBRE negotiated the transaction on behalf of BGO.

June 2, 2026

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