Acquisitions

CBRE Negotiates Sale of 72,000 SF Medical Office Building in Escondido, California for $36.4M

by Amy Works January 8, 2026

ESCONDIDO, CALIF. — CBRE has brokered the sale of Valley Parkway Health Center, a medical office building located at 488 E. Valley Parkway in Escondido. Neighborhood Healthcare acquired the asset for $36.4 million. Lars Eisenhauer and Dan Henry of CBRE represented the undisclosed seller, while Chris Ross and Ben Schiesl of JLL represented the buyer in the deal. The four-story, 72,000-square-foot multi-tenant facility includes an ambulatory surgery center, endoscopy center, onsite pharmacy and cardiology lab services.

January 8, 2026

Acquisitions Colorado Industrial Western

ErvoSquare, Matrix Group Buy 10-Building Small-Bay Industrial Portfolio in Colorado for $33.4M

by Amy Works January 8, 2026

ENGLEWOOD AND SHERIDAN, COLO. — A joint venture between ErvoSquare and Matrix Group has purchased a 10-building small-bay industrial portfolio in Englewood and Sheridan for $33.4 million, or $130.91 per square foot. Michael DeSantis and Brett MacDougall of Unique Properties Inc. / TNC Worldwide represented the buyer in the deal. Situated on 13.9 acres, the 225,150-square-foot portfolio features small-bay industrial units ranging from approximately 1,840 square feet to 8,000 square feet. A majority of the units include drive-in doors. At the time of sale, the portfolio was 90 percent occupied. The new ownership group plans to complete extensive capital improvements across the portfolio, including roof replacements, mechanical system upgrades, interior renovations, parking lot improvements and exterior paint.

January 8, 2026

Acquisitions California Retail Western

SRS Real Estate Arranges Sale of Single-Tenant Retail Property in Placentia, California for $7.9M

by Amy Works January 8, 2026

PLACENTIA, CALIF. — SRS Real Estate Partners has arranged the sale of a newly constructed, single-tenant retail property located in Placentia, roughly 35 miles northwest of Los Angeles, for $7.9 million. Chick-fil-A occupies the 5,525-square-foot, drive-thru building on a new 15-year, triple-net corporate-guaranteed lease. Patrick Luther, Matthew Mousavi and Winston Guest of SRS represented the seller, a Southern California-based developer, in the transaction. The buyer was a private investor from Southern California.

January 8, 2026

Acquisitions California Retail Western

Progressive Real Estate Partners Brokers $6.1M Sale of Retail Center in Victorville, California

by Amy Works January 8, 2026

VICTORVILLE, CALIF. — Progressive Real Estate Partners has arranged the sale of Victorville Pavilion, a multi-tenant retail property at 14190 Bear Valley Road in Victorville. A private investor sold the asset to a San Diego-based private investor for $6.1 million. Built in 2004, Victorville Pavilion features 11,618 square feet of fully occupied retail space. Current tenants include T-Mobile, OneMain Financial, Armed Forces Career Center and Joe Orthodontics. Lance Mordachini of Progressive Real Estate represented the seller, while Vince Provenzano and Michael Sikorski of Pacific Coast Commercial represented the buyer in the deal.

January 8, 2026

Acquisitions Illinois Midwest Multifamily

Interra Realty Negotiates $17M Sale of Chicago Apartment Building

by Kristin Harlow January 8, 2026

CHICAGO — Interra Realty has negotiated the $17 million sale of 506 W. Deming Place in Chicago’s Lincoln Park neighborhood. The 49-unit vintage apartment building was built in 1915. Amenities include a laundry room, bike storage room and fitness facility. Recent renovations include modernization to some residences with in-unit laundry. The buyer, Horizon Realty Group, plans to make additional improvements to units and common areas. Colin O’Malley of Interra represented the confidential seller as well as the buyer. The building was 98 percent occupied at the time of sale.

January 8, 2026

Acquisitions Midwest Minnesota Multifamily

JLL Arranges Sale of 288-Unit Multifamily Community in Rochester, Minnesota

by Kristin Harlow January 8, 2026

ROCHESTER, MINN. — JLL Capital Markets has arranged the sale of The Villages at Essex Park, a 288-unit multifamily community in Rochester. Situated near the Mayo Clinic and the city’s medical district, the property comprises two phases. Essex Park was built in 1999 and includes 144 units. Essex Place, constructed in 1991 and renovated in 2013, features 144 Section 42 income-restricted units at 60 percent of the area median income. Units average 1,005 square feet. Amenities include a clubhouse, fitness center, pool, playground and picnic areas. Josh Talberg, Joseph Peris, Doug Childers and Jack Graveline of JLL represented the seller, Dominium, and procured the buyer, Black Swan Real Estate.

January 8, 2026

Acquisitions Illinois Midwest Mixed-Use

Greenstone Partners Brokers $6.5M Sale of Development Site in Chicago’s Gold Coast

by Kristin Harlow January 8, 2026

CHICAGO — Greenstone Partners has brokered the $6.5 million sale of 12-16 W. Maple St., a development site located in Chicago’s Gold Coast neighborhood. Danny Spitz and Malek Abdulsamad of Greenstone represented the seller. The site is currently occupied by a four-story, 20,572-square-foot mixed-use building and an adjacent parcel with a total of 75 feet of frontage along Maple Street. The site is zoned DX-7, Downtown Mixed-Use District, which allows for a wide variety of as-of-right uses, including retail, residential and hospitality.

January 8, 2026

Acquisitions California Multifamily New Jersey Northeast Top Stories Washington Western

JRK Acquires Three-Property Multifamily Portfolio for $400M

by Hayden Spiess January 8, 2026

LOS ANGELES — Real estate investment firm JRK has announced its acquisition of a portfolio of three multifamily properties for $400 million. The portfolio includes apartment communities located in Seattle; Hoboken, N.J.; and Los Angeles totaling 803 units. The seller was Equity Residential (NYSE: EQR), a Chicago-based multifamily REIT. Centennial in Seattle features 408 units, 77 Park Avenue in Hoboken comprises 301 units, and C on Pico in Los Angeles totals 94 units. According to Trulia.com, C on Pico offers two-bedroom units, with monthly rental rates beginning at $3,325. Monthly rental rates at 77 Park Avenue begin at $3,655, according to Zillow.com. “These recent acquisitions exemplify the type of high-quality, well-located assets we continue to target in today’s market,” says Daniel Lippman, president of JRK. “We believe the multifamily sector has reached an inflection point whereby we can acquire assets at a unique time where new supply subsides and long-term fundamentals remain strong. These dynamics create a compelling backdrop that gave us the conviction to be one of the nations’ most active buyers in 2025.” JRK closed approximately $1.3 billion in acquisitions in the second half of 2025 totaling 3,400 units. According to MSCI Real Assets, multifamily sales in the first …

January 8, 2026

Acquisitions California Retail Western

Brixton Capital Sells Pacific Town Center Retail Property in Stockton, California for $27M

by Amy Works January 7, 2026

STOCKTON, CALIF. — Brixton Capital has completed the disposition of Pacific Town Center, a newly remodeled shopping center in Stockton. CJ Park & Associates acquired the property for $27 million. Sean Cox and Kevin Fryman of Hanley Investment Group Real Estate Advisors represented the seller, while the Los Angeles-based buyer was self-represented in the deal. Located at 616-760 W. Hammer Lane, Pacific Town Center offers 142,957 square feet of retail space that was built in 2003 and remodeled in 2025. Situated on 10 acres, the property’s tenant mix consists of 98 percent national and regional retailers, including Smart & Final Extra!, Chuze Fitness, Ross Dress for Less, Aaron’s, CoinWorks, Concentra Health Services, H&R Block, Panda Express, Subway, Total Wireless and Western Dental.

January 7, 2026

Acquisitions California Retail Western

Faris Lee Investments Arranges $21M Sale of Plaza Pacifica Retail Center in San Clemente, California

by Amy Works January 7, 2026

SAN CLEMENTE, CALIF. — Faris Lee Investments has directed the sale of Plaza Pacifica, a neighborhood retail center in San Clemente’s South Orange County trade area. A high-net-worth Orange County, Calif.-based family office acquired the asset for $21 million. Don MacLellan of Faris Lee represented the undisclosed seller. Plaza Pacifica is shadow anchored by Pavilions, Walmart, Lowe’s and the Hoag Medical Facility.

January 7, 2026

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