UNION CITY, N.J. — Marcus & Millichap has brokered the $7.8 million sale of a 22,000-square-foot retail strip center in the Northern New Jersey community of Union City. The center was fully leased at the time of sale to a pharmacy, laundromat and a physical therapy user. Alan Cafiero, Brent Hyldahl and Devin Perez of Marcus & Millichap represented the seller in the transaction. The team also procured the buyer in conjunction with Marcus & Millichap’s Dean Matuszewicz. Both parties requested anonymity.
TUCSON, ARIZ. — Campus Invesco has acquired Wildcat Canyon Village, a student housing community located at 1050 E. 8th St. in Tucson, from Federal Home Loan Mortgage Corp. (Freddie Mac) for $8 million. Originally built in 1968, Wildcat Canyon Village features 76 units, totaling 128 beds. The property includes a value-add component offering the potential to expand to 164 beds through strategic unit conversions. Onsite amenities include a swimming pool, basketball court, picnic area with barbecue grills and a coffee bar. Additionally, the community features controlled access, package lockers, a laundry facility and free resident parking. Steven Nicoluzakis and David Fogler of Cushman & Wakefield represented the seller in the deal.
HOUSTON — Fairstead, an affordable housing owner-operator based in New York City, has announced the $242 million acquisition and rehabilitation of Haverstock Hills, a 700-unit affordable housing property in Houston’s East Aldine neighborhood. Haverstock Hills comprises 44 two- and three-story buildings on a 22-acre site. Residences include a mix of studio, one-, two- and three-bedroom units, all of which are reserved for households earning 60 percent or less of the area median income. Fairstead plans to upgrade unit interiors, building exteriors and common areas, as well as enhance the amenities via an updated clubhouse, outdoor playground, laundry facilities and a business center. Fairstead will also invest in new safety and security measures across the property. Rainbow Housing Corp. will continue to provide onsite social services for residences of Haverstock Hills.
METUCHEN, N.J. — HarborPoint Residential has purchased a 22-unit apartment complex in the Central New Jersey community of Metuchen for roughly $8 million. The building at 22 Center St. is located in the downtown area and comprises 19 market-rate units and three affordable units. Amenities include a gym, storage lockers and a rooftop terrace. The DiOrio Commercial Team at Berkshire Hathaway HomeServices Fox & Roach’s Commercial Division represented the seller and developer, Ramani Group, in the deal.
ROHNERT PARK, CALIF. — SRS Real Estate Partners has completed the $17.7 million sale of Mountain Shadows Plaza, a multi-tenant retail center at 901, 941, 967 and 968 Golf Course Drive in Rohnert Park. John Redfield and Joe Chichester of SRS Capital Markets represented the seller, a special purpose vehicle controlled by Oak Cap Ventures LLC. Situated on 7.4 acres, the five-building property features 77,651 square feet of retail space. The property was 97 percent occupied at the time of sale to a variety of tenants, including Walmart Neighborhood Market, Starbucks Coffee and Anytime Fitness.
SEATTLE — Open House Westwood has completed the sale of Greenlake Terrace Apartments, a multifamily community located at 7415 5th Ave. NE in Seattle’s Green Lake neighborhood. A local family office acquired the property for $16.5 million. Built in 1986, Greenlake Terrace Apartments offers 48 apartments, secure garage parking, a bike room and updated commons areas. The buyer plans to continue the property’s value-add renovation program. Matt Kemper, Tim McKay, Dan Chhan, Jacob Odegard, Dylan Roeter and Bryon Rosen of Cushman & Wakefield represented the seller and procured the buyer in the transaction.
TORRANCE, CALIF. — CB Arcadia Partners, an affiliate of Calbay Development, has completed the disposition of a freestanding retail property located at 23865 Hawthorne Blvd. in Torrance, to Madrona F&F LLC for $8.2 million. Starbucks Coffee occupies the 2,400-square-foot property, which was delivered in 2025, on a long-term, triple-net lease. The property features a drive-thru that can accommodate 20 vehicles, plus a full-size café format with indoor and outdoor seating. Alex Kozakov and Patrick Wade of CBRE represented the seller in the deal.
CLEARWATER, FLA. — Benderson Development has purchased Clearwater Shoppes, a 216,692-square-foot shopping center located at 27001 U.S. Highway 19 N in Clearwater, a Tampa suburb in Pinellas County. Seritage Growth Properties, the retail REIT spun off from Sears Holdings, sold the shopping center to Benderson for an undisclosed price. Danny Finkle, Jorge Portela, Kim Flores and Evan Lahr of JLL represented the seller in the transaction. Situated on 14.5 acres adjacent to the 1.3 million-square-foot Countryside Mall, the shopping center’s tenant roster includes Whole Foods Market, Target and Nordstrom Rack.
NICEVILLE, FLA. — Berkadia has brokered the sale of American House Bluewater Bay, a 94-unit independent living community located in Niceville, roughly 10 miles northeast of Destin, Fla. Built in 2015, the community was more than 95 percent occupied at the time of sale. Michigan-based real estate development and investment company REDICO sold the property. American House, the senior living operator affiliate of REDICO, will continue to operate the community on behalf of the new ownership.
COON RAPIDS, MINN. — JLL Capital Markets has arranged the sale and financing for Aster Apartments, a 192-unit luxury apartment community in the Twin Cities suburb of Coon Rapids. The property is located at 3130 Northdale Blvd. NW near Highway 10 and Highway 169. Josh Talberg and Joseph Peris of JLL represented the undisclosed seller. Matthew Schoenfeldt, Patricia Heminger, Rebecca Mitchell and Ryan Planek of JLL arranged acquisition financing on behalf of the buyer, MLG Capital.