Acquisitions

Warren Resort Hotels Buys Franciscan Inn & Suites in Santa Barbara, California for $22.5M

by Amy Works March 2, 2026

SANTA BARBARA, CALIF. — Warren Resort Hotels has acquired the Franciscan Inn & Suites, a boutique hotel in Santa Barbara’s West Beach district, from Ed St. George for $22.5 million, or $424,528 per key. Developed in the mid-20th century, Franciscan Inn & Suites features 53 guest rooms and suites, a pool, landscaped courtyard and dedicated parking. The property is walkable to both West and East beaches, Santa Barbara Harbor, Stearns Wharf, State Street and Funk Zone, an arts, dining and industrial district. Austin Herlihy, Chris Parker, Miles Waters, Mike Lopus and Mike Chung of Colliers, in partnership with Steve Golis of Radius, marketed the asset and led the disposition and acquisition processes for both parties.

March 2, 2026

Acquisitions California Multifamily Western

Kidder Mathews Arranges $14.7M Sale of Multifamily Property in Downtown Los Angeles

by Amy Works March 2, 2026

LOS ANGELES — Kidder Mathews has brokered the $14.7 million sale of The Judson, a historic multifamily property in downtown Los Angeles. Darin Beebower and Dakoda Iversen of Kidder Mathews represented the undisclosed seller in the deal. The name of the buyer was not released. Located at 424 S. Broadway, The Judson features 60 apartments. Originally constructed in 1906, the property underwent an $11 million gut renovation, adaptive reuse and restoration led by David Lawrence Gray Architects that transformed the obsolete office building into loft-style residences. The renovation included full replacement of all electrical, mechanical and plumbing systems, upgraded seismic retrofitting and the addition of air conditioning, new decks and a rooftop spa and garden.

March 2, 2026

Acquisitions Arizona Healthcare Western

JLL Brokers Sales of Two Medical Office Buildings in Scottsdale, Arizona

by Amy Works March 2, 2026

SCOTTSDALE, ARIZ. — JLL Capital Markets has arranged the sales of Pima I and Pima II, two medical office buildings in Scottsdale. Cypress West Partners acquired Pima I, and a private investor purchased Pima II. Terms of the transactions were not released. The assets are situated on 14.6 acres at 8415 N. Pima Road and 8466 N. Pima Road. Pima I is a two-story, 91,212-square-foot medical building that is 92 percent leased to national, regional and local medical users providing a range of specialties, including ambulatory surgery. Pima II is a vacant, two-story medical and/or professional building totaling 89,983 square feet. The property was formerly the headquarters of Rural Metro Fire. JLL’s Medical Properties Group, in collaboration with the local office, represented the undisclosed seller and procured the two separate buyers.

March 2, 2026

Acquisitions Illinois Midwest Multifamily

Berkadia Brokers Sale of 296-Unit Multifamily Property in Chicago’s Lakeview Neighborhood

by Kristin Harlow March 2, 2026

CHICAGO — Berkadia has brokered the sale of 3121 N. Sheridan Road, a 296-unit multifamily property in Chicago’s Lakeview neighborhood. A publicly traded corporation sold the asset to a local investment group and Annenberg Investments Ltd. Peak Properties will manage the community, and Cross Street will handle leasing. The property was originally built in 1950 and updated in the early 1990s. The new ownership plans a comprehensive repositioning, including amenity spaces and units. Mike Garbers, Cody Tremper, Dave Fasano, Ross Sanders, Pete Evans and Richard Evans of Berkadia brokered the sale.

March 2, 2026

Acquisitions Loans Maryland Multifamily Southeast

Colliers Arranges $232.7M in Acquisition Financing for 1,225-Unit Multifamily Portfolio in Maryland

by Abby Cox March 2, 2026

SUITLAND and LARGO, MD. — Colliers has arranged 232.7 million in acquisition financing for a three-property multifamily portfolio located in Prince George County. 29th Street Capital and Willton purchased the property for an undisclosed price. Shahin Yazdi and Jonathan Lee of Colliers arranged the five-year, fixed-rate loan on behalf of the buyers. The full-term, interest-only loan features a 70 percent loan-to-purchase price. Loan proceeds reassigned existing tax increment financing (TIF) agreements associated with Allure Apollo and Aspire Apollo. Allure Apollo and Aspire Apollo are adjacent multifamily communities located in Suitland, Md., and operate as a single residential campus totaling 801 units. The properties feature a mix of studio, one-, two- and three-bedroom units with a full suite of tenant amenities. Ascend Apollo, located approximately 10 miles away along I-495 near the Joint Base Andrews military facility in Largo, comprises 424 units with a similar unit mix and similar amenities such as a resort-style swimming pool with a sundeck, clubhouse, business center and fitness center, among others.

March 2, 2026

Acquisitions Florida Hospitality Southeast

Related Ross Acquires 208-Room The Ben Hotel in Downtown West Palm Beach

by Abby Cox March 2, 2026

WEST PALM BEACH, FLA. — Locally based Related Ross has acquired The Ben, Autograph Collection, a 208-room luxury hotel property located on the waterfront in downtown West Palm Beach. Jordan Roeschlaub, Nick Scribani, John Caraviello, Tyler Dumon and Tate Keir of Newmark arranged $172.5 million in acquisitioning financing through Nomura on behalf of Related Ross. Robert Webster, Ron Danko, Jr., and Timothy Southard of CBRE represented the seller, Greenwich, Conn.-based Wheelock Street Capital, in the transaction. The sales price was not disclosed. Wheelock Street Capital originally acquired The Ben in 2021. Situated near the CityPlace retail lifestyle center (formerly known as Rosemary Square), The Ben opened in 2020 and includes amenities such a rooftop lounge with a heated swimming pool, cabanas and a bar, 24-hour fitness center, library, onsite restaurant and roughly 18,475 square feet of event space. The boutique hotel offers various experiences to guests like private yacht charters and sunrise yoga.

March 2, 2026

Acquisitions Retail Southeast Tennessee

Manova Partners Sells 323,927 SF Nashville West Shopping Center

by Abby Cox March 2, 2026

NASHVILLE, TENN. — Manova Partners, an international independent real estate firm headquartered in Munich, has sold Nashville West Shopping Center, a 323,927-square-foot, super-regional shopping center in Nashville near Vanderbilt University. Chris Decoufle, Kevin Hurley, Matt Karempelis of CBRE marketed the property on behalf of the seller. The buyer and sales price were not disclosed. Situated at the intersection of I-40 and Charlotte Pike, Nashville West was built in phases from 2007 to 2008 and comprises six single-story buildings across 31 acres. Tenants at the center, which was 98 percent leased at the time of sale, include Dick’s Sporting Goods, Best Buy, Ross Dress for Less, Marshalls, Cost Plus World Market, Old Navy, DSW and Books-A-Million. Costco, Target and Publix shadow-anchor the center.

March 2, 2026

Acquisitions Multifamily New Jersey Northeast

JRK Property Holdings Acquires 301-Unit Apartment Complex in Hoboken

by Taylor Williams March 2, 2026

HOBOKEN, N.J. — Los Angeles-based investment firm JRK Property Holdings has acquired 77 Park Avenue, a 301-unit apartment complex in Hoboken. Built in 2000, the property offers one-, two- and three-bedroom units that are furnished with stainless steel appliances, granite countertops, hardwood flooring, walk-in closets and private balconies. Amenities include a fitness center, sundeck, outdoor grilling stations and onsite laundry facilities. The seller was Equity Residential, and the property traded as part of a $400 million portfolio deal that was brokered by CBRE.

March 2, 2026

Acquisitions Delaware Northeast Office

NAI Emory Hill Brokers Sale of 27,000 SF Office Building in Newark, Delaware

by Taylor Williams March 2, 2026

NEWARK, DEL. — NAI Emory Hill has brokered the sale of a 27,000-square-foot office building in Newark, located near the Delaware-Pennsylvania border. The building at 254 Chapman Road sits on a 1.9-acre site within the University Office Plaza development and was 93 percent leased at the time of sale. Jim O’Hara Jr. of NAI Emory Hill represented the seller, BRB Realty, in the transaction. EXP Realty represented the buyer, Life Reign International LLC.

March 2, 2026

Acquisitions Multifamily Texas

Marcus & Millichap Brokers Sale of 144-Unit Apartment Complex in San Antonio

by Taylor Williams February 27, 2026

SAN ANTONIO — Marcus & Millichap has brokered the sale of The Annex, a 144-unit apartment complex located about five miles southwest of downtown San Antonio. Built in 1969 and recently renovated, The Annex offers studio, one-, two- and three-bedroom units on a 6.6-acre site. Ben Kalter, Drew Garza and Will Balthrope of Marcus & Millichap brokered the sale, and John Brickson of Marcus & Millichap Capital Corp. provided acquisition financing for the deal. The buyer and seller were not disclosed.

February 27, 2026

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