Acquisitions

Marcus & Millichap Negotiates $9.7M Sale of Affordable Housing Property in Oakland

by Amy Works July 8, 2026

OAKLAND, CALIF. — Marcus & Millichap has negotiated the $9.7 million sale of Garden Villas, an affordable housing property located at 1256 99th Ave. in Oakland. Adam Levin of Marcus & Millichap’s Levin Johnston team represented the undisclosed seller and procured undisclosed buyer in the deal. Constructed in 1943, Garden Villas consists of 18 four-plex buildings offering a total of 73 one- and two-bedroom units. Community amenities include a leasing office, laundry facility, recreation space, onsite manager’s residence and private parking. More than half of the units have been renovated with updated kitchens and interiors, dishwashers, vinyl plank flooring, tiles and other modern finishes.

July 8, 2026

Acquisitions Arizona Restaurant Retail Western

Cushman & Wakefield Brokers $2.4M Sale of Black Rock Coffee Bar in El Mirage, Arizona

by Amy Works July 8, 2026

EL MIRAGE, ARIZ. — Cushman & Wakefield has brokered the $2.4 million sale of a newly developed restaurant building located at 12443 NW Grand Ave. in El Mirage, located west of Glendale. The sales price was $2.4 million. Black Rock Store Operations LLC occupies the 620-square-foot building via one of its 181 Black Rock Coffee Bar locations across seven states. The coffee bar offers specialty coffee, energy drinks, breakfast sandwiches, bagels, egg bites and grab-and-go pastries. Chris Hollenbeck and Shane Carter of Cushman & Wakefield represented the seller in the deal. Both parties were limited liability companies.

July 8, 2026

Acquisitions Georgia Hospitality Southeast

Machine, Lionshead Capital Purchase 641-Room Atlanta Airport Marriott Hotel

by John Nelson July 8, 2026

ATLANTA — A joint venture between Machine Investment Group and Lionshead Capital Partners has purchased Atlanta Airport Marriott, a 641-room hotel located on a 16-acre site adjacent to Hartsfield-Jackson Atlanta International Airport. The seller and sales price were not disclosed, but the Atlanta Business Chronicle reports that the Pennsylvania Public School Employees’ Retirement System was listed as the previous owner on Fulton County property records. William Hodges and Michael Tormey of Hodges Ward Elliott brokered the transaction. The new ownership group has selected White Label Asset Management to serve as asset manager for the 16-story hotel. The property includes 30,178 square feet of indoor meeting space, including a 9,928-square foot ballroom; multiple food-and-beverage outlets; an indoor/outdoor pool complex; and a large fitness center with six pickleball courts. Machine and Lionshead Capital plan to invest in a significant capital improvement program for Atlanta Airport Marriott, whose guestrooms were last renovated in 2017.

July 8, 2026

Acquisitions Florida Office Southeast

Partnership Acquires Coral Gables Office Portfolio in South Florida for $97.8M

by John Nelson July 8, 2026

CORAL GABLES, FLA. — A partnership between Intalex Capital, Itero Investments and Greenwall has acquired The Ponce, a three-building office portfolio spanning 365,000 square feet in Coral Gables. The acquisition includes 2525 Ponce de Leon, 2555 Ponce de Leon and 152 Valencia Avenue. Chris Lee, Sean Kelly, Tom Rappa and Matthew Lee of CBRE represented the undisclosed seller, which sold the portfolio for $97.8 million. Amy Julian and Andrew Chilgren, also with CBRE, arranged $105 million in financing for the acquisition and future capital improvement through ACORE Capital. The partnership plans to invest $30 million in renovations to common areas, tenant offices and amenities. The owners have retained Hines Management as property manager and Ryan Holtzman and Lena Weeks of Cushman & Wakefield as leasing agents at The Ponce.

July 8, 2026

Acquisitions Multifamily New York Northeast Seniors Housing

Marcus & Millichap Brokers Sale of 82-Bed Skilled Nursing Facility in Hoosick Falls, New York

by Taylor Williams July 8, 2026

HOOSICK FALLS, N.Y. — Marcus & Millichap has brokered the sale of an 82-bed skilled nursing facility in Hoosick Falls, located about 30 miles northeast of Albany. Originally built in 1954 and expanded in 1995, the single-story facility at 21 Danforth St. features a community dining hall, resident lounges and outdoor walking areas. Joseph Knapp and John Horowitz of Marcus & Millichap represented the undisclosed seller in the transaction.

July 8, 2026

Acquisitions Midwest Ohio Retail

Kroger Agrees to Acquire Giant Eagle for $1.65B

by Kristin Harlow July 8, 2026

CINCINNATI AND PITTSBURGH — The Kroger Co. and Giant Eagle Inc. have entered into a definitive agreement under which Kroger will acquire Giant Eagle, a family-owned food and pharmacy retailer based in Pittsburgh with 197 supermarkets and 11 standalone pharmacies across northern Ohio, western Pennsylvania, West Virginia, Maryland and Indiana. The transaction has been unanimously approved by Cincinnati-based Kroger’s board of directors. The purchase price of $1.65 billion is comprised of $1.25 billion in cash consideration and the assumption of approximately $400 million in outstanding liabilities. The transaction is expected to close in 2027, subject to receipt of required regulatory clearance and other customary closing conditions.

July 8, 2026

Acquisitions Illinois Midwest Retail

Quantum Brokers Sale of 88,000 SF Shopping Center in Geneva, Illinois

by Kristin Harlow July 8, 2026

GENEVA, ILL. — Quantum Real Estate Advisors Inc. has brokered the sale of an 88,000-square-foot shopping center in Geneva. Located at 1310 Commons Drive, the property consists of four multi-tenant and two single-tenant buildings. Dan Waszak and Brett Berlin of Quantum brokered the transaction. The buyer was a global real estate investment manager, and the seller was an investment fund based on the East Coast.

July 8, 2026

Acquisitions Multifamily Texas

IPA Arranges Sale of 250-Unit Alta Firewheel Apartments in Garland, Texas

by Taylor Williams July 7, 2026

GARLAND, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Alta Firewheel, a 250-unit apartment complex located northeast of Dallas in Garland. Built in 2024, Alta Firewheel offers studio, one-, two- and three-bedroom units and amenities such as a pool, fitness center, lounge, game room, coffee bar and outdoor grilling and dining stations. Joey Tumminello, Drew Kile, Taylor Hill, Michael Ware and William Hubbard of IPA represented the seller, Atlanta-based Wood Partners, in the transaction and procured the buyer, Pardue Cos.

July 7, 2026

Acquisitions Office Southeast Tennessee

CBRE Arranges Sale of 16-Story Moore Office Building in Nashville

by John Nelson July 7, 2026

NASHVILLE, TENN. — CBRE has arranged the sale of The Moore Building, a 16-story office building located at 827 19th Ave. S in Nashville. Shorenstein Investment Advisors purchased the 245,826-square-foot building from Atlanta-based Portman Holdings. Patrick Gildea, Matt Smith, Roscoe High, JT Martin and Morgan Hillenmeyer of CBRE represented the seller in the transaction. JP Cordeiro, Cliff Joyner and Mike Ryan of CBRE’s Debt & Structured Finance team arranged acquisition financing for the buyer. The sales price and loan amount were not disclosed. Built in 2023, The Moore Building is situated in Nashville’s Midtown district and features 9,000 square feet of ground-level retail space, an 11,000-square-foot amenity deck, a sky lobby and lounge, fitness center, conference facilities and above- and below-grade parking totaling nearly 600 spaces. The property is named after Scotty Moore, the longtime guitarist to Elvis Presley who had once operated a recording studio at the site. According to Nashville Business Journal, TikTok is an anchor tenant at the LEED-certified office building.

July 7, 2026

Acquisitions Industrial Midwest Ohio

Colliers Brokers Sale of 292,594 SF Industrial Property in Gahanna, Ohio

by Kristin Harlow July 7, 2026

GAHANNA, OHIO — Colliers has brokered the sale of Eastgate Logistics Center, a 292,594-square-foot industrial property in Gahanna within the East submarket of Columbus. Alex Cantu, Alex Davenport, Jeff Devine, Steve Disse, Tyler Ziebel, Joel Yakovac, Shane Woloshan and Michael Linder of Colliers represented the seller, a venture between Scannell Properties and Manulife Investment Management, a company of Manulife Wealth & Asset Management. Eastgate Logistics Center is fully leased to Wesco and Nuvik USA. The property features a clear height of 32 feet, 30 dock doors and direct access to I-70 and I-71. Dogwood Industrial Properties, a TPG Real Estate platform, was the buyer.

July 7, 2026

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