Acquisitions

Millburn & Co. Buys 339-Unit Apartment Community in Mesa, Arizona

by Amy Works May 14, 2026

MESA, ARIZ. — Salt Lake City-based Millburn & Co. has acquired Ascend at Longbow Highpoint, a multifamily property in Mesa, from D.R. Horton for an undisclosed price. Matt Pesch, Asher Gunter and Austin Groen of CBRE represented the seller in the transaction. CBRE’s Debt & Structured Finance team arranged financing for the buyer. Completed in 2025, the community features 339 apartments situated along the Longbow Golf Club. Residences include hardwood-style flooring, granite countertops, energy-efficient windows, smart thermostats, full-size washers/dryers, stainless steel appliances and patios or balconies. Ascend at Longbow Highpoint in Mesa, Ariz., features 339 apartments, a swimming pool, conference rooms, pet amenities and a resident clubhouse. Community amenities include a resort-style pool deck with golf course views, a covered outdoor kitchen and barbecue pavilion, a resident clubhouse with lounge areas, a community kitchen, conference rooms and coworking spaces. Additional amenities include outdoor gathering areas, electric vehicle charging, pet amenities, package lockers and a walking trail with direct access to the golf course.

May 14, 2026

Acquisitions California Multifamily Western

IPA Arranges $28M Sale of Park Encino Multifamily Property in Los Angeles

by Amy Works May 14, 2026

LOS ANGELES — Institutional Property Advisors (IPA) has arranged the $28 million sale of Park Encino, a 52-unit apartment property in the Encino neighborhood of Los Angeles. IPA’s Kevin Green, Joseph Grabiec and Gregory Harris represented the undisclosed seller and procured the buyer, locally based Universe Holdings Development. Completed in 2014, Park Encino is a gated community with a central courtyard, clubhouse, fitness center, patio and grill. The unit mix is comprised of two- and three-bedroom floor plans. Units feature washers and dryers and walk-in closets.

May 14, 2026

Acquisitions Multifamily New Jersey Northeast

ICON Real Estate Negotiates $11.2M Sale of Apartment Building in Chatham, New Jersey

by Taylor Williams May 14, 2026

CHATHAM, N.J. — Local brokerage firm ICON Real Estate Advisors has negotiated the $11.2 million sale of a 31-unit apartment building in the Northern New Jersey community of Chatham. The building at 49 S. Passaic Ave. offers studio, one- and two-bedroom units and amenities such as a fitness center and onsite laundry facilities. David Jarvis and David Oropeza of ICON brokered the deal. The seller was undisclosed, and the buyer, an entity doing business as Cornerstone 2025 LLC, purchased the asset via a 1031 exchange.

May 14, 2026

Acquisitions California Industrial Lee & Associates Western

Lee & Associates Brokers Sale of 20,142 SF Industrial Building in Carlsbad, California

by Amy Works May 14, 2026

CARLSBAD, CALIF. — Lee & Associates has negotiated the sale of an industrial property located at 3186 Lionshead Ave. in Carlsbad. The asset traded for $6.3 million. Situated within Carlsbad Raceway Business Park, the 20,142-square-foot property features a clear height of 24 feet, one dock well and two grade-level doors. At the time of sale, the property was partially leased. Rusty Williams, Chris Roth and Jake Rubendall of Lee & Associates — North San Diego County represented the seller, while Chris Vassilian of Lee & Associates Irvine represented the buyer in the deal.

May 14, 2026

Acquisitions Loans Michigan Midwest Multifamily

SF Capital Group Arranges $32M Acquisition Loan for Michigan Multifamily Property

by Kristin Harlow May 14, 2026

SHELBY TOWNSHIP, MICH. — SF Capital Group has arranged a $32 million loan for the acquisition of a 368-unit multifamily property in Shelby Township. Ryan Denomme of SF Capital arranged the nonrecourse bridge loan, which features three years of interest-only payments and future funding commitments. The undisclosed borrower plans to execute a property improvement and unit renovation plan.

May 14, 2026

Acquisitions Illinois Industrial Midwest

Realterm Acquires 28,985 SF Industrial Outdoor Storage Facility in Bridgeview, Illinois

by Kristin Harlow May 14, 2026

BRIDGEVIEW, ILL. — Realterm, an independent global investment manager focused on the transportation industry, has acquired 9655 Industrial Drive, an industrial outdoor storage maintenance facility in Bridgeview, a southwest suburb of Chicago. Located on a nearly 4-acre site, the 28,985-square-foot maintenance facility offers 10 oversized drive-in doors and a 6,000-square-foot office. The entire maintenance facility is leased to Carrier Corp., a subsidiary of the global HVAC and refrigeration solution provider. Matt Knafel of KWILL Real Estate represented Realterm in the sale.

May 14, 2026

Acquisitions Industrial New Jersey Northeast

Doors & Spaces Acquires 16,550 SF Industrial Facility in West Berlin, New Jersey

by Taylor Williams May 14, 2026

WEST BERLIN, N.J. — Doors & Spaces, an industrial investment firm focused on small-bay product, has acquired a 16,550-square-foot, shallow-bay facility in West Berlin, about 20 miles southeast of Philadelphia. According to LoopNet Inc., the five-unit facility at 432 Kelley Drive was built in 1986 and renovated in 1998. Brian Whitmer led the transaction for Doors & Spaces. The seller and sales price were not disclosed.

May 14, 2026

Acquisitions Industrial Texas

CanTex Capital Sells Majority Interest in 1.3 MSF Dallas-Fort Worth Industrial Portfolio

by Taylor Williams May 13, 2026

DALLAS — Locally based investment firm CanTex Capital has sold its majority interest in a portfolio of 20 shallow-bay industrial properties totaling approximately 1.3 million square feet in Dallas-Fort Worth. The percentage and sales price were not disclosed. Spanning 61 acres, the portfolio comprises buildings in submarkets such as South Stemmons, Northwest Dallas and DFW Airport. Buildings feature 16- to 30-foot clear heights and a mix of dock-high and drive-in loading doors. The buyer was a partnership between Partners Group and a global investor based in New York.

May 13, 2026

Acquisitions Industrial Texas

Colliers Brokers Sale of 69,363 SF Industrial Building in Irving

by Taylor Williams May 13, 2026

IRVING, TEXAS — Colliers has brokered the sale of a 69,363-square-foot industrial building in Irving. The site at 7815 Jetstar Drive houses Building 1 within TriStar Business Park, a master-planned development. Greg Cannon of Colliers represented the seller, Hopewell Development, in the transaction. Chris Teesdale and Pride Snow, also with Colliers, represented the owner, GEO Plastics, which expects to occupy the building and add about 50 new jobs to the local economy.

May 13, 2026

Acquisitions Affordable Housing Development Multifamily New York Northeast

Partnership Agrees to Buy Church Land in Manhattan’s Upper West Side, Develop Mixed-Income Project

by Taylor Williams May 13, 2026

NEW YORK CITY — A partnership between Rockefeller Group and Atlas Capital Group has entered into an agreement with the Roman Catholic Church of Holy Name of Jesus and Saint Gregory the Great to buy church-owned land on Manhattan’s Upper West Side, with plans to develop a mixed-income housing project. The agreement, valued at $96 million, involves land at 200 W. 97th St., and the project will involve underutilized portions of the church campus — such as the former school, convent and recreation buildings — while the active church continues its ministry. The number of units was not disclosed, but 25 percent of residences will be subject to income restrictions, and the new building will also have retail space. The deal is expected to close in the coming weeks.

May 13, 2026

Newer Posts

Older Posts