Acquisitions

Red Oak Capital Holdings Provides $2.8M Bridge Loan for Indianapolis Multifamily Property

by Kristin Harlow January 30, 2026

INDIANAPOLIS — Red Oak Capital Holdings LLC has provided a $2.8 million bridge loan to support the acquisition and repositioning of Linn Apartments, a 43-unit multifamily property on the Near South Side of Indianapolis. The interest-only loan, structured under Red Oak’s Opportunistic Bridge Loan Program, features an 18-month initial term and a loan-to-stabilized value of 55.7 percent. Stratos Athanassiades of Red Oak originated the loan, with underwriting led by Thomas Gorski and administration by James Myatt. The repeat borrower is an experienced investor in the Indianapolis market. Through its affiliated company, Midwest Living Management, the borrower oversees more than 7725 units and commercial assets throughout metro Indianapolis. Linn Apartments contains 43 units across three two-story buildings. Built in 1963, the Class C property was approximately 65 percent occupied at the time of the loan closing. The buyer plans to begin renovations immediately upon acquisition. Upon stabilization, the buyer plans to refinance into agency debt.

January 30, 2026

Acquisitions Florida Mixed-Use Southeast

Joint Venture Acquires Design 41 Mixed-Use Building in Miami for $72.5M

by John Nelson January 29, 2026

MIAMI — A joint venture between Pebb Capital, Wharton Properties, Lane Capital Partners and Sabal Investment Holdings has purchased Design 41, a seven-story mixed-use building located at 112 N.E. 41st St. in Miami’s Design District. The partnership purchased the property from the privately held Norton family for $72.5 million. Tony Arellano and Devlin Marinoff of DWNTWN Realty Advisors brokered the deal, and 26North provided an undisclosed amount of acquisition financing. Design 41 comprises 40,000 square feet of Class A offices leased to financial firms, family offices, Foster + Partners and Bosch Appliances, which uses upper-level offices for its showroom. The property also features 10,000 square feet of ground-floor retail and showroom space leased to Missoni, Bond No. 9 and Breitling, as well as a 64-space parking garage and open-air terraces. Design 41 was fully leased at the time of sale.

January 29, 2026

Acquisitions Alabama Industrial Southeast

Coro Realty Purchases 239,370 SF Industrial Property in Birmingham

by John Nelson January 29, 2026

BIRMINGHAM, ALA. — Coro Realty has acquired a 239,370-square-foot industrial facility located at 3501 1st Ave. N in Birmingham’s Eastside submarket. Tripp Alexander and Will Canary of Colliers represented Coro Realty in the $13.8 million transaction. Jake Viverette and Will Redding with The Overton Group, along with Edwin Moss and Benjamin Bottcher of JH Berry, represented the undisclosed seller. Bobby Norwood of JLL arranged an undisclosed amount of acquisition financing on behalf of Coro Realty via Seacoast Bank. Originally built in 1965, the property was fully leased at the time of sale to tenants including the U.S. Postal Service, Division 7 Supply and Sara Sells. The infill facility is situated on a nine-acre site near downtown Birmingham and I-20 and features 20 dock-high doors, LED lighting and a rail spur with potential connectivity to an active Norfolk Southern line.

January 29, 2026

Acquisitions California Development Loans Multifamily Western

HSR, Haseko North America Close on Land, Secure Loan for 281-Unit Apartment Complex in Los Angeles

by Amy Works January 29, 2026

LOS ANGELES — High Street Residential (HSR), the residential subsidiary of Trammell Crow Co., and joint venture partner Haseko North America have closed on the land and secured a loan for the development of Jules San Pedro, an apartment community in Los Angeles’ San Pedro Waterfront Arts District. The site was acquired on Jan. 13. Terms of the transaction were not disclosed. Situated waterfront at 155 W. 6th St., the eight-story multifamily property will feature 281 apartments and 1,276 square feet of ground-floor corner retail space. Jules San Pedro will occupy a 1.2-acre full city block and is directly adjacent to the new Piazza Miramere. Designed by KFA Architecture, Jules San Pedro will offer a mix of studio, one- and two-bedroom floor plans. Community amenities will include a pool deck and courtyard with a sauna, spa and clubhouse, a central water-facing courtyard with indoor/outdoor fitness, a sky lounge and rooftop deck, multiple barbecue areas, a pet spa and an oversized coworking space with multiple conferences and work areas. The project will be Greenpoint Rated and feature sustainable elements, including electric vehicle charging stations and a rooftop, net-metered solar photovoltaic system. Groundbreaking is slated for later this quarter, with delivery scheduled for …

January 29, 2026

Acquisitions Affordable Housing Development Multifamily Texas

Fairstead Buys East Houston Affordable Housing Community for $43.3M, Plans $14M Renovation

by Taylor Williams January 29, 2026

HOUSTON — Fairstead, an affordable housing owner-operator based in New York City, has purchased Coolwood Oaks, a 168-unit affordable housing complex in East Houston, for $43.3 million. Built in 1984, the 10-building property houses units that are reserved for households earning 60 percent or less of the area median income. Fairstead plans to implement a $14 million renovation of the property and has tapped DNA Workshop as the architect and interior designer for the project. Financing for the acquisition and capital improvements included LIHTC equity and loans from a variety of sources, including PNC Bank, Houston Housing Finance Corp. (HHFC) and the Texas Department of Housing and Community Affairs (TDHCA). FTK Construction Services will be the general contractor for the renovation.

January 29, 2026

Acquisitions California Restaurant Retail Western

RealSource Group Arranges $3.2M Sale of McDonald’s-Occupied Retail Property in Southern California

by Amy Works January 29, 2026

WILDOMAR, CALIF. — RealSource Group has arranged the $3.2 million sale of a newly constructed, single-tenant restaurant property located within the Canyon Plaza retail development in Wildomar. McDonald’s occupies the 4,000-square-foot building, which includes a dual-lane prototype design, on a new 20-year absolute triple-net ground lease. Jonathan Schiffer and Austin Blodgett of RealSource represented the seller, a private Southern California-based developer. Dustin Lee of J&C Investment Group represented the buyer, a private international investor, in the transaction.

January 29, 2026

Acquisitions Retail Texas

JLL Brokers Sale of 220,938 SF Retail Portfolio in Lubbock, Brownwood

by Taylor Williams January 29, 2026

LUBBOCK AND BROWNWOOD, TEXAS — JLL has brokered the sale of a portfolio of two retail properties totaling 220,938 square feet in Texas. Northpark Village is a 70,479-square-foot center in Lubbock that is anchored by United Supermarkets. Commerce Square is a 150,459-square-foot center in Brownwood, about 150 miles southwest of Fort Worth, that is home to tenants such as Aldi, T.J. Maxx, Boot Barn, Harbor Freight, Buffalo Wild Wings and Hibbett Sports. Both centers were fully leased at the time of sale. Chris Gerard and Adam Howells of JLL represented the seller, Cincinnati-based shopping center REIT Phillips Edison & Co., in the transaction. The buyer was Dallas-based Dunhill Partners.

January 29, 2026

Acquisitions Industrial Texas

Zenith IOS Acquires 137,000 SF Portfolio in Houston in Sale-Leaseback Deal

by Taylor Williams January 29, 2026

HOUSTON — Zenith IOS, a New York City-based owner-operator of industrial outdoor storage (IOS) facilities, has acquired a portfolio of three properties totaling roughly 137,000 square feet in Houston. Zenith acquired the 20-acre portfolio in a 10-year sale-leaseback with the tenant, Houston-based C&D Scrap Metal. The addresses of the properties and the sales price of the transaction were not disclosed.

January 29, 2026

Acquisitions Illinois Industrial Midwest

Phoenix Investors Acquires 670,000 SF Industrial Property in Kankakee, Illinois

by Kristin Harlow January 29, 2026

KANKAKEE, ILL. — An affiliate of Phoenix Investors has acquired a 670,000-square-foot, heavy power industrial facility in Kankakee. The rail-served property is positioned near I-57. Formerly home to the Heinz Pet Food manufacturing and distribution facility, the property features approximately 43 megawatts of power, clear heights up to 87 feet, 41 dock doors, seven drive-in doors and an active Norfolk Southern rail spur. The fully fenced site includes a guard shack, extensive trailer and automobile parking and the ability to be demised to accommodate multiple users or a single large-format tenant. Phoenix plans to undertake a series of capital improvements to reposition the property and enhance its functionality for modern industrial users. Planned improvements include white-boxing select areas, general site and exterior upgrades, the installation of high-efficiency LED lighting and the addition of new dock doors to further improve loading capacity and operational flow.

January 29, 2026

Acquisitions Illinois Indiana Midwest Retail

Mid-America Brokers Sales of Two Former Kmart, Sears Retail Properties in Illinois, Indiana

by Kristin Harlow January 29, 2026

ROUND LAKE BEACH, ILL. AND MICHIGAN CITY, IND. — Mid-America Real Estate Corp. has brokered the sales of two former Transformco retail properties in Round Lake Beach and Michgian City. The asset at 400 E. Rollins Road in Round Lake Beach, formerly a Super Kmart totaling 190,174 square feet, sold to Target Stores. A former Sears and Sears Auto Center complex that was part of Marquette Mall in Michigan City totaling 92,905 square feet and 12,365 square feet, respectively, sold to Tonn and Blank Construction LLC. Andy Bulson, Mike Phillips, Dick Spinell and Mike Fitzgerald of Mid-America represented Transformco in both transactions.

January 29, 2026

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