Acquisitions

Ilitch Cos. Agrees to Acquire Two Casinos in Mississippi and New Jersey, Forms Ilitch Gaming

by Matthew Auchincloss June 19, 2026

DETROIT — Ilitch Cos., which owns and operates the Detroit Red Wings, the Detroit Tigers, pizza chain Little Caesar’s and Olympia Entertainment, has agreed to acquire Scarlet Pearl Casino Resort in D’Iberville, Miss., as well as the remaining 50 percent ownership interest in Ocean Casino Resort in Atlantic City, N.J. In conjunction, Ilitch Cos. CEO Chris Ilitch has also announced the formation of Ilitch Gaming, a new enterprise that will oversee the company’s gaming businesses, including the two new casinos. Detroit-based Ilitch Cos. also owns MotorCity Casino Hotel, located in Detroit, which will also now come under Ilitch Gaming’s operating umbrella. Scarlet Pearl Casino Resort is a 300-key hotel with a gaming floor containing more than 800 slots and video poker machines and 30 table games. The property also features multiple amenities and a 36-hole miniature golf course. The purchase of Scarlet Pearl Casino Resort marks the third market Ilitch Cos. has expanded into. Ocean Casino Resort features 1,860 rooms with a 135,000-square-foot casino floor, a 4,500-seat concert venue and 160,000 square feet of meeting and convention space. The beachfront property spans than 20 acres and offers proximity to the Atlantic City Boardwalk. In addition, Ocean Casino Resort offers a …

June 19, 2026

Acquisitions Multifamily Seniors Housing Texas

Focus Healthcare Acquires Continuing Care Retirement Community in West Houston

by Taylor Williams June 18, 2026

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.

June 18, 2026

Acquisitions Industrial Lee & Associates Texas

Lee & Associates, Younger Partners Broker Sale of 12,006 SF Industrial Building in Arlington

by Taylor Williams June 18, 2026

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.

June 18, 2026

Acquisitions Life Sciences Northeast Rhode Island

Newmark Brokers $68M Sale of Life Sciences, Biomanufacturing Facility in Providence

by Taylor Williams June 18, 2026

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.

June 18, 2026

Acquisitions New Jersey Northeast Retail

Joint Venture Acquires 348,742 SF Retail Power Center in Ramsey, New Jersey

by Taylor Williams June 18, 2026

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.

June 18, 2026

Acquisitions Alabama Seniors Housing Southeast

SLIB Arranges Sale of 54-Unit Seniors Housing Community in Tuscaloosa

by John Nelson June 18, 2026

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.

June 18, 2026

Acquisitions Arizona Development Industrial Western

Scannell Properties Buys 129 Acres in Buckeye, Arizona for Development of Summit Logistics Center

by Amy Works June 18, 2026

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.

June 18, 2026

Acquisitions Colorado Multifamily Student Housing Western

Transwestern Brokers $16.5M Sale of 262-Bed Student Housing Community in Greeley, Colorado

by Amy Works June 18, 2026

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.

June 18, 2026

Acquisitions Colorado Multifamily Western

Marcus & Millichap Arranges Sale of 220-Unit Workforce Housing Property in Denver

by Amy Works June 18, 2026

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.

June 18, 2026

Acquisitions Development Hospitality Michigan Midwest

CooperWynn Capital Arranges Financing for Acquisition, Rebrand of 203-Key Detroit Hotel

by Kristin Harlow June 18, 2026

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.

June 18, 2026

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