Wednesday, June 10, 2026
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Acquisitions

AcquisitionsIndianaMidwestRetail

Colliers Brokers Sale of 82,847 SF Avalon Crossing Shopping Center in Indianapolis

by Kristin Harlow

INDIANAPOLIS — Colliers has brokered the sale of Avalon Crossing Shopping Center, an 82,847-square-foot neighborhood retail center in Indianapolis. Alex Davenport, Rachel Patten and Alex Cantu of Colliers, along with Seth Biggerstaff of Veritas Realty, represented the seller, Landmark Properties. The buyer was Ziff Real Estate Partners. Tenants at the property include Starbucks, Dollar Tree, Jimmy John’s, George’s Neighborhood Grill and Anytime Fitness. The three-building center was 92.6 percent leased to 18 tenants at the time of sale.

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AcquisitionsMidwestMinnesotaRetail

Upland Arranges Sales of Chipotle, Starbucks Properties in Andover, Minnesota

by Kristin Harlow

ANDOVER, MINN. — Upland Real Estate Group has arranged the sales of newly constructed Chipotle and Starbucks single-tenant net-lease properties within Clocktower Commons in Andover, a northwest suburb of the Twin Cities. Deb Vannelli, Keith Sturm and Amanda Leathers of Upland represented the buyers, which completed 1031 exchanges. Both tenants operate under corporate, long-term leases with drive-thru service. The properties are situated on a 2-acre parcel at the intersection of Hanson and Crosstown boulevards.

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AcquisitionsCaliforniaIndustrialWestern

Newmark Negotiates Sale of 11-Building Industrial Portfolio in San Francisco’s East Bay Area

by Amy Works

DUBLIN, CALIF. — Newmark has arranged the sale of Sierra Trinity, a shallow-bay industrial portfolio located at 6701 Sierra Court in Dublin, located in the San Francisco East Bay area. Terms of the transaction were not released. Sierra Trinity features 11 buildings that were 97 percent leased at the time of sale to nearly 40 tenants across a variety of industries. Steven Golubchik, Edmund Najera, Darren Hollak and Brendan Raney of Newmark represented the undisclosed seller and buyer in the deal.

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AcquisitionsAffordable HousingCaliforniaMultifamilyWestern

HVPG Acquires Affordable Housing Community in Elk Grove, California, for $83.6M

by Amy Works

ELK GROVE, CALIF. — Hudson Valley Property Group (HVPG) has acquired Mosa Apartment Homes, a 387-unit affordable housing community in Elk Grove, located south of Sacramento, for $83.6 million. Completed in 2025, Mosa is a 14-building, garden-style community offering a mix of unit types serving a broad range of household income levels. The property is structured across three Low-Income Housing Tax Credit (LIHTC) partnerships, each subject to its own regulatory agreement, that cover 100 percent of units, with HVPG acquiring the general partner interests in all three. Approximately 8 percent of units are further supported by tenant-based vouchers, and income restrictions span from 30 to 80 percent of area median income. The acquisition was financed through three Freddie Mac loans originated by Greystone, with tax credit equity provided by Red Stone Equity Partners, and public finance support facilitated by the California Municipal Finance Authority and the City of Elk Grove. Programming, including after-school services and adult education, will be provided by nonprofit partner Pacific Housing.

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AcquisitionsCaliforniaMultifamilyWestern

Marcus & Millichap Brokers $47M Sale of Multifamily Property in Los Angeles

by Amy Works

LOS ANGELES — Marcus & Millichap has brokered the sale of The Versailles Apartments, a five-story multifamily property located at 8811 Burton Way in Los Angeles. The asset traded for $47 million, or $602,564 per unit. Tony Azzi and Rabbie Banafsheha of the Azzi Group of Marcus & Millichap represented the seller and procured the buyer, both of which were undisclosed, in the transaction. Constructed in 1989, The Versailles Apartments features 78 residences, a rooftop pool and deck, a fitness center, laundry facilities on every floor and two levels of subterranean parking. Apartments include hardwood floors, granite countertops, stainless steel appliances and dishwashers, while select units have washers and dryers.

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AcquisitionsMultifamilySeniors HousingTexas

Berkadia Brokers Sale of 186-Unit Seniors Housing Property Near Houston

by Taylor Williams

LEAGUE CITY, TEXAS — Berkadia has brokered the sale of Grand Living at Tuscan Lakes, a 186-unit seniors housing property in League City, about 30 miles southeast of Houston. Opened in 2023, the property offers independent living, assisted living and memory care residences. Amenities include a pool, theater, spa, fitness center, library and a lounge. Town Land and Arcole Partners acquired the property from Bow River Capital and Ryan Cos. Ross Sanders, Dave Fasano, Cody Tremper and Mike Garbers of Berkadia brokered the deal.

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AcquisitionsAffordable HousingMultifamilyNew YorkNortheast

Jonathan Rose Cos. Buys Upper Manhattan Affordable Housing Building for $53M

by Taylor Williams

NEW YORK CITY — Local investment firm Jonathan Rose Cos. has purchased The Caroline Apartments, a 126-unit affordable housing building in the Inwood section of Upper Manhattan, for $53 million. The building was constructed in 1980 and last renovated in 2008. Income restrictions were not disclosed. The new ownership plans to invest nearly $20 million in capital improvements to the property, including upgrades to building systems and unit interiors, enhancements to the community center and energy-efficiency upgrades. Jonathan Rose Cos. also plans to bring in a full-time resident services coordinator. Th seller was Related Cos.

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AcquisitionsIndustrialSoutheastTennessee

Brennan Investment Group Acquires 202,000 SF Manufacturing Facility Near Knoxville, Tennessee

by Abby Cox

VONORE, TENN. — Brennan Investment Group has acquired a 202,000-square-foot manufacturing facility located in the East Tennessee city of Vonore, about 35 miles south of Knoxville. The seller and sales price were not disclosed. The facility is fully leased to Commercial Vehicle Group (CVG), a global manufacturer of commercial vehicle systems, under a new 20-year absolute net lease. The facility is one of two seating manufacturing plants operated by CVG in the United States. Situated on roughly 42 acres, the property offers access to I-75, I-40, McGhee Tyson Airport and the Port of Tellico.

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AcquisitionsCaliforniaHealthcareWestern

Levin Johnston Negotiates $23.7M Sale of Medical Office Property in Rohnert Park, California

by Amy Works

ROHNERT PARK, CALIF. — Levin Johnston of Marcus & Millichap has directed the sale of a 67,584-square-foot medical office property located at 5900 State Farm Drive in Rohnert Park. A private family ownership group acquired the asset from an undisclosed seller for $23.7 million. Kaiser Permanente and Petaluma Health Center anchor the two-story property. Robert Johnston, Adam Levin and Justin Fink of Levin Johnston of Marcus & Millichap represented the seller and procured the buyer in the deal.

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AcquisitionsIdahoIndustrialWestern

CBRE Arranges Sale of 59.7-Acre Industrial Development Site in Pocatello, Idaho

by Amy Works

POCATELLO, IDAHO — CBRE has arranged the sale of a 59.7-acre industrial development site located at 1800 River Park Way in Pocatello on behalf of developer Portneuf Capital. Lex Development acquired the site for an undisclosed price. The property consists of two industrial-zoned parcels that currently contain 45,904 square feet of office space and 113,048 square feet of warehouse space. Formerly a Hoku Materials manufacturing site, the property has undergone entitlement and planning work under current ownership and is positioned for future business park or owner-user development. The site is participating in a brownfield development program, with a Phase I environmental assessment completed and no further action required. Kurt Gregg, Tim Reid and Montana Carranza of CBRE represented the seller in the transaction.

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