Thursday, January 15, 2026
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Acquisitions

AcquisitionsFloridaMultifamilySoutheast

CBRE Brokers Sale of 242-Unit Altis Santa Barbara Apartments in Naples

by John Nelson

NAPLES, FLA. — CBRE has brokered the sale of Altis Santa Barbara, a 242-unit apartment community located at 4710 Altis Drive in Naples. Northland purchased the property for an undisclosed price. Robert Given, Neal Victor and Chris Smiles of CBRE represented the seller, a joint venture sponsored by Altman, in the transaction. Tracy Kennedy, Tony Stein and Ryan Hall with CBRE assisted Northland with acquisition financing. Delivered in 2024, Altis Santa Barbara offers one-, two- and three-bedroom units, as well as private patios or balconies for all units and direct-access garages for select units.

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33580-Zeiders-Rd-Menifee-CA.jpg
AcquisitionsCaliforniaIndustrialWestern

Patrinely, Dune Real Estate Sell 93,575 SF Warehouse in Menifee, California

by Amy Works

MENIFEE, CALIF. — Patrinely, in partnership with affiliates of Dune Real Estate Partners, has completed the sale of a newly constructed warehouse building at Gateway at Menifee, a logistics campus at the intersection of I-215 and Scott Road in Menifee. Located at 33580 Zeiders Road, the property offers 93,575 square feet of Class A industrial space. The remaining two available buildings total 450,540 square feet (229,934 square feet and 220,606 square feet) and feature 36-foot clear heights, 81 total dock-high doors and 185-foot truck court depths each. Patrinely developed the project. Eloy Covarrubias, Joe Werdein, Rob Gunness and Garry Jenkins of CBRE are handling leasing and sales under the direction of Phillip Moore and Dennis Tarro of Patrinely.

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AcquisitionsIowaMidwestMultifamilyStudent Housing

Coastal Ridge Acquires Two Student Housing Communities Near Iowa State University

by Kristin Harlow

AMES, IOWA — Coastal Ridge has acquired two student housing properties serving Iowa State University in Ames. The acquisitions were part of a portfolio that also included a property in Louisiana totaling just under 1,600 beds with a gross asset value of approximately $90 million. The acquisitions mark the firm’s initial deployment of capital from the Coastal Ridge Value-Add Student Housing Fund LP, the company’s inaugural institutional commingled fund. The per-bed cost across the three assets was approximately $56,000. New construction can exceed $100,000 per bed, according to Coastal Ridge.

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AcquisitionsIndianaMidwestRetail

Timber Development Buys 20,000 SF Cass Commons Shopping Center in Logansport, Indiana

by Kristin Harlow

LOGANSPORT, IND. — Timber Development Corp. has purchased Cass Commons Shopping Center in Logansport, a city in central Indiana, for $2 million. The 20,000-square-foot property is shadow anchored by a Walmart Supercenter. Tenants include Maurice’s, Great Clips and Buffalo Wild Wings. Dan Waszak of Quantum Real Estate Advisors Inc. brokered the transaction.

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AcquisitionsIndustrialTexas

Sunwest, AKRE Partners Buy 36,240 SF Warehouse in Laredo, Texas

by Taylor Williams

LAREDO, TEXAS — A partnership between Dallas-based Sunwest Real Estate Group and industrial investment firm AKRE Partners has purchased a 36,240-square-foot warehouse in the Rio Grande Valley city of Laredo. The small-bay building at 13609 Archer Drive is located within Killam Industrial Park. According to LoopNet Inc., the building was completed in 2001 and features 20-foot clear heights, 17 dock-high loading positions and 3,091 square feet of office space. The seller and sales price were not disclosed.

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AcquisitionsRetailTexas

Woodmont Co. Negotiates Sale of 9,929 SF Retail Strip Center in Wylie, Texas

by Taylor Williams

WYLIE, TEXAS — Fort Worth-based brokerage firm The Woodmont Co. has negotiated the sale of a 9,929-square-foot retail strip center in Wylie, located northeast of Dallas. The center was completed in 2024. Russel Wehsener of The Woodmont Co. represented the buyer in the transaction. George Tak of Jual Properties represented the seller. Both parties requested anonymity.

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AcquisitionsNew JerseyNortheastRetail

Marcus & Millichap Brokers $5.2M Sale of Retail Strip Center in Paterson, New Jersey

by Taylor Williams

PATERSON, N.J. — Marcus & Millichap has brokered the $5.2 million sale of a 12,892-square-foot retail strip center in the Northern New Jersey community of Paterson. The center at 385 McLean Blvd. was fully leased at the time of sale to Bank of America, Wingstop, Krauszer’s, Tony’s Bagels, Mina Place and Crispy Beauty. Alan Cafiero, David Cafiero and John Moroz of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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AcquisitionsHealthcareNew YorkNortheastRetail

Cooper Commercial Negotiates Sale of Medtail Clinic in Cheektowaga, New York

by Taylor Williams

CHEEKTOWAGA, N.Y. — Cleveland-based brokerage firm Cooper Commercial Investment Group has negotiated the sale of a medtail clinic in Cheektowaga, located just east of Buffalo, that is occupied by cannabis dispenser Verilife. According to LoopNet Inc., the facility at 3760 Union Road was built in 1989 and spans 3,606 square feet. Dan Cooper of Cooper Commercial represented the undisclosed, New York-based seller in the transaction. The buyer was also not disclosed.

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AcquisitionsNew JerseyNortheast

BlueGate Partners Negotiates Sale of 423-Unit Multifamily Property in West Orange, New Jersey

by Taylor Williams

WEST ORANGE, N.J. — Regional brokerage firm BlueGate Partners has negotiated the sale of Stonehill at West Orange, a 423-unit multifamily property located in Northern New Jersey. Completed in 2024 by BNE Real Estate, the property is a recent redevelopment of a former office campus and offers one- and two-bedroom units along with 44,000 square feet of amenity space. Mark DeLillo, Marc Schulder, Lee Spiegelman, Felipe Marin, Eli Zaoutis and Jeremy Silber of BlueGate Partners brokered the deal. The buyer was not disclosed.

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AcquisitionsArizonaDevelopmentLoansMultifamilyWestern

EMBREY Closes on Land, Financing for 340-Unit Multifamily Development in Phoenix

by Amy Works

PHOENIX — EMBREY has closed on the land and financing for 12th & Greenway, a Class A apartment property located near North 12th Street and Greenway Parkway in Phoenix. Construction will begin immediately, with first occupancy slated for third-quarter 2027. Situated on 7 acres, the four-story, wrap-style community will feature 340 apartments, including townhomes. Units will feature open-concept layouts with 9- to 10-foot ceilings, wood-style plank flooring, quartz countertops and stainless steel appliances. Additional features will include built-in desks, keyless entry and double vanities in select units. Onsite amenities will include a heated pool and hot tub with private cabanas, an outdoor kitchen and fireplace, fitness and yoga studios, a game room, conference and micro-office spaces and a secured 24-hour package room. Outdoor features will include several courtyards, a walking trail, dog park and shaded community spaces. Frost Bank, with support from private investors, provided financing for 12th & Greenway. EMBREY’s Garrett Karam and Jimmy McCloskey led the execution of the transaction.

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