Acquisitions

NAI Hallmark Arranges $14.7M Sale of Butler Pointe Office Building in Jacksonville

by John Nelson July 14, 2026

JACKSONVILLE, FLA. — NAI Hallmark has arranged the $14.7 million sale of Butler Pointe, a five-story, 151,815-square-foot office building located at 4500 Salisbury Road in Jacksonville. Daniel Burkhardt, Keith Goldfaden and Alex Caliel of NAI Hallmark represented the seller, an entity doing business as Acorn Butler Pointe LLC, in the transaction. Fort Lauderdale, Fla.-based Gabriel Elkaim purchased the multi-tenant office building, which is situated on approximately eight acres in Jacksonville’s Southpoint submarket.

July 14, 2026

Acquisitions Healthcare Industrial Midwest Minnesota Office

Transwestern Acquires Forte Real Estate Partners in Minneapolis

by Kristin Harlow July 14, 2026

MINNEAPOLIS — Transwestern has acquired Forte Real Estate Partners, a commercial real estate firm based in the Twin Cities. The transaction adds 12 healthcare, office and industrial tenant advisory team members and a broad property management portfolio. Established in 2021 through the merger of Excelsior Advisory and Paramount Real Estate Corp., Forte provides brokerage and property services across the Twin Cities region. Founders Steve Brown, Jim Jetland and Philip Simonet will join Transwestern, bringing decades of experience and knowledge across healthcare, office and industrial real estate, respectively. Forte has advised clients on more than $885 million in transactions and managed nearly 1 million square feet of commercial property. Following the acquisition, Transwestern maintains roughly 475 team members across the Midwest and oversees more than 52 million square feet of office, industrial, healthcare, retail and government properties. The Forte team will join Transwestern’s Minneapolis office at 705 Marquette Ave.

July 14, 2026

Acquisitions Midwest Retail Wisconsin

Hanley Investment Group Arranges Sale of Three O’Reilly Auto Parts Stores in Wisconsin

by Kristin Harlow July 14, 2026

WISCONSIN — Hanley Investment Group Real Estate Advisors has arranged the off-market sale of three single-tenant retail properties occupied by O’Reilly Auto Parts in Wisconsin. Eric Wohl and CJ Kiehler of Hanley, in association with ParaSell Inc., represented the seller, a Montana-based development company. The three buildings each total around 7,000 square feet and are located in Oshkosh, Pulaski and Middleton within the Fox Valley and greater Madison trade areas. As of March 31, O’Reilly Auto Parts operated 6,644 stores across 48 U.S. states, Puerto Rico, Mexico and Canada.

July 14, 2026

Acquisitions California Multifamily Western

Bascom Group Acquires Value-Add Apartment Community in Buena Park, California for $53M

by Amy Works July 14, 2026

BUENA PARK, CALIF. — The Bascom Group has acquired Castlewood Park Apartments, a 183-unit value-add multifamily property in Buena Park, for $53 million, or $290,301 per unit. Brian Eisendrath, Cameron Chalfant, Jesse Zarouk and Jake Vitta of Institutional Property Advisors (IPA), a division of Marcus & Millichap, arranged acquisition financing for the deal through Brightspire Capital. Kevin Green and Joe Grabiec of IPA represented the undisclosed seller in the deal. AMC will provide property management services for the community, while SD-Cap will oversee the planned property renovations. Originally constructed in 1963, Castlewood Park Apartments features 183 two-, three- and four-bedroom apartments, averaging 1,028 square feet, with garages for each unit and private yards for approximately 60 percent of the residences. Situated on 8.7 acres, the community features 46 buildings, two pools and a leasing center. Bascom plans to renovate the property with interior renovations, amenity enhancements and the addition of full-time on-site management to further improve the resident experience.

July 14, 2026

Acquisitions Arizona Multifamily Western

StreetLights Residential Sells 320-Unit Apartment Community in Gilbert, Arizona

by Amy Works July 14, 2026

GILBERT, ARIZ. — Dallas-based StreetLights Residential has sold The Tyler, a 320-unit apartment community in Gilbert, to Camden Property Trust for an undisclosed price. Asher Gunter, Matt Pesch and Austin Groen of CBRE represented the seller in the deal. Situated within the Agritopia master-planned community, The Tyler features studio, one-, two- and three-bedroom units with stone countertops, custom cabinetry, wood-style flooring, 10-foot ceilings, dine-in kitchen islands, built-in desks, in-unit washers and dryers and private balconies. Community amenities include a resort-style pool with cabanas, spa and fireplaces, greenhouse-style coworking space and conference room, demonstration kitchen, outdoor entertainment paseo with grilling stations and media lounges, a fitness center, electric vehicle charging stations, bike storage and a pet wash station.

July 14, 2026

Acquisitions California Mixed-Use Multifamily Retail Western

Marcus & Millichap Brokers $22M Sale of Mixed-Use Property in Pasadena, California

by Amy Works July 14, 2026

PASADENA, CALIF. — Marcus & Millichap has brokered the $22 million sale of 119 S. Los Robles Avenue, a mixed-use building in Pasadena. A company doing business as MLT VII LLC sold the asset to an undisclosed funding investment corporation. Built in 2015, the five-story property features 50 condominiums and 3,700 square feet of retail space. All units offer central air conditioning and heating, washer and dryer connections and stained concrete flooring. The controlled-access property features gated parking and an enclosed mail room. Tony Azzi and Rabbie Banafsheha of the Azzi Group of Marcus & Mililchap represented the seller in the transaction. Azzi and Banafsheha also collaborated with Arteen Zahiri and Ian Habbestad of Marcus & Millichap to procure the buyer.

July 14, 2026

Acquisitions California Company News Indiana Midwest Multifamily Top Stories Western

Milhaus Completes Merger With SRG Residential, Agrees to Acquire Broadshore Capital

by John Nelson July 14, 2026

INDIANAPOLIS AND LOS ANGELES — Milhaus, a multifamily developer and operator based in Indianapolis, has completed its merger with SRG Residential, a subsidiary of Sares Regis Group based in Newport Beach. The combined company totals 1,400 employees and includes 50,000 apartments under management — 46,000 of which come from 190 properties managed by SRG Residential — as well as a development pipeline exceeding $2.5 billion. The combined company, which will be operated under the Milhaus platform, plans to start eight development projects this year totaling more than 2,000 new units in Southern California, Denver and Phoenix, giving Milhaus a presence in more than 20 markets across the country. Chris Payne, former CEO of SRG Residential, joins Milhaus as both the chief development officer and a shareholder. Jeff Bailey, president of property management at SRG Residential and a shareholder, now leads the property management group at Milhaus. “This partnership is a natural fit,” says Tadd Miller, CEO of Milhaus. “SRG Residential brings a best-in-class, high-touch approach to property management and operations along with a quality development pipeline and seasoned leadership, while Milhaus contributes a high-quality owned portfolio and disciplined development and capital markets infrastructure.” “We are unlocking powerful synergies and long-term opportunities …

July 14, 2026

Acquisitions Retail Texas

JLL Brokers Sale of 72,184 SF Shopping Center in Northwest Houston

by Taylor Williams July 13, 2026

HOUSTON — JLL has brokered the sale of Vintage Marketplace, a 72,184-square-foot shopping center in northwest Houston. Whole Foods Market anchors the center, which was roughly 95 percent leased at the time of sale. Other tenants include Torchy’s Tacos, Orangetheory Fitness, MOD Pizza, Jersey Mike’s and Nothing Bundt Cakes. Ryan West, Chris Gerard and Erin Lazarus of JLL represented the undisclosed seller in the transaction. The buyer was Brixmor Property Group.

July 13, 2026

Acquisitions New York Northeast Office Retail

Spear Street Capital Buys Lower Manhattan Office, Retail Building for $50.5M

by Taylor Williams July 13, 2026

NEW YORK CITY — San Francisco-based investment firm Spear Street Capital has purchased 76 Eighth Avenue, a 10-story office and retail building in Lower Manhattan, for $50.5 million. The 35,620-square-foot building was completed in 2022 and was fully leased at the time of sale, with Wells Fargo occupying the retail space. Andrew Scandalios, David Giancola, Vickram Jambu, Drew Isaacson and Jennifer Zelko of JLL represented the seller, G4 Capital Partners, in the transaction. Aaron Niedermayer, Peter Rotchford and Christopher Pratt, also with JLL, arranged $27.7 million in acquisition financing for the deal through DekaBank.

July 13, 2026

Acquisitions Development Multifamily New York Northeast

JLL Negotiates $25.1M Sale of Two Multifamily Development Sites in Brooklyn

by Taylor Williams July 13, 2026

NEW YORK CITY — JLL has negotiated the sale of two multifamily development sites in the Crown Heights area of Brooklyn for a combined price of $25.1 million. The sites at 1029 Dean St. and 1104 Pacific St., which traded in separate off-market deals, have a combined buildable square footage of about 129,000 square feet. Mike Mazzara, Ethan Stanton and Brendan Maddigan of JLL represented the undisclosed sellers in both transactions and procured the buyer, a partnership between Castell Group and Montgomery Street Partners. Specific plans for future development of the sites, which are earmarked for “large-scale” projects, were not disclosed.

July 13, 2026

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