Acquisitions

Newmark Negotiates $26M Sale of Office Tower in Norfolk, Virginia

by Abby Cox August 31, 2026

NORFOLK, VA. — Newmark has negotiated the $26 million sale of 150 West Main Street, a 233,772-square-foot trophy office tower located in downtown Norfolk’s Waterside District. Kawa Capital Management was the buyer. Mark Williford, Will Bradley and Evan Wells of Newmark represented the seller, Gate Petroleum Co., in the transaction. Constructed in 2002, the 21-story tower’s onsite amenities include 24-hour security service, attached parking, a 2,000-square-foot multi-purpose meeting room, a full-service restaurant and a ground-level bank.

August 31, 2026

Acquisitions Healthcare Office Southeast Tennessee

Marcus & Millichap Brokers $24.5M Sale of Medical Office Building in Germantown, Tennessee

by Abby Cox August 31, 2026

GERMANTOWN, TENN. — Marcus & Millichap has brokered the $24.5 million sale of Conrad Pearson Clinic, a 33,777-square-foot medical office building located in Germantown, roughly 21 miles southeast of Memphis. Spencer Koch and Chris Biuso of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity. Jody McKibben served as Marcus & Millichap’s broker of record in Tennessee in the transaction. Built in 2002 at 1325 Wolf Park Drive, Conrad Pearson Clinic and its integrated affiliate, the Wolf River Surgery Center, fully occupied the property at the time of sale, according to LoopNet Inc. The property is situated near Methodist Le Bonheur Germantown Hospital, Saint Francis Medical Partners Germantown and Baptist Memorial Rehabilitation Hospital.

August 31, 2026

Acquisitions New York Northeast Office

Olmstead, Vertex Buy 302,000 SF Office Building in Midtown Manhattan

by Taylor Williams August 31, 2026

NEW YORK CITY — A partnership between two locally based owner-operators, Olmstead Properties and Vertex, has purchased 19 West 44th Street, a 302,000-square-foot office building in Midtown Manhattan. The 18-story building was 79 percent leased at the time of sale and recently received capital improvements to building systems, common areas and prebuilt suites. Tenants include Yipit, HARMAN International, Robert Derector, Corporate Service Corp., EOS Products and Bitwise. Will Silverman of Eastdil Secured Savills represented the seller, Savanna, in the transaction. Derby Lane Capital provided acquisition financing for the deal.

August 31, 2026

Acquisitions Multifamily Texas

Marcus & Millichap Brokers Sale of 316-Unit Apartment Complex in Fort Worth

by Taylor Williams August 28, 2026

FORT WORTH, TEXAS — Marcus & Millichap has brokered the sale of Trinity Heights, a 316-unit apartment complex in Fort Worth. Built on 13 acres in 1985 on the city’s southwest side, the 25-building property offers one- and two-bedroom units with an average size of 850 square feet and amenities such as multiple pools, a fitness center, playground and onsite laundry facilities. Al Silva and Ford Braly of Marcus & Millichap represented the undisclosed, locally based seller in the transaction and procured the buyer, NeuRock Capital.

August 28, 2026

Acquisitions Industrial Michigan Midwest

Phoenix Investors’ Affiliate Acquires 1.8 MSF Industrial Complex in Saginaw, Michigan

by Matthew Auchincloss August 28, 2026

SAGINAW, MICHIGAN — An affiliate of Phoenix Investors, a company specializing in revitalizing former manufacturing sites, has acquired a three-building, 1.8 million-square-foot industrial complex in Buena Vista Charter Township, which borders the city of Saginaw, from international auto supplier Nexteer Automotive. The sales price was not disclosed. The three buildings are known locally as Plants 5, 6/1 and 7. Nexteer will continue to occupy nearly 1.3 million square feet across Plants 6/1 and 7, and those facilities are expected to continue operating as normal during the transition period. Approximately 552,000 square feet in Plant 5 is currently available for lease. As of January 2026, the portfolio of Milwaukee, Wis.-based Phoenix Investors totaled 85 million square feet spanning 27 states.

August 28, 2026

Acquisitions Illinois Midwest Multifamily

Greenstone Partners Closes Two Multifamily Sales in Chicago for $3.2M

by Matthew Auchincloss August 28, 2026

CHICAGO — Greenstone Partners has closed two multifamily sales totaling $3.2 million in Chicago’s Wicker Park and Bridgeport neighborhoods. In the first transaction, the firm brokered the sale of a recently renovated eight-unit multifamily property located at 1226 N. Greenview Ave. in Wicker Park. The property features six one-bedroom, one-bathroom units and two two-bedroom, two-bathroom units, each with hardwood flooring, in-unit laundry, private balconies and granite countertops. Jordan Multack of Greenstone Partners facilitated the $2.2 million transaction. The firm also arranged the sale of a three-unit multifamily building with an additional non-conforming coach house and an adjacent development lot located at 3201-3203 S. May St. in Bridgeport. Units include individual furnaces and hot water heaters and in-unit laundry. Multack and Jacob Goldstein, also of Greenstone Partners, arranged the $1 million transaction.

August 28, 2026

Acquisitions Midwest Ohio Retail

Cooper Group Arranges Sale of 27,299 SF Retail Property in Cincinnati

by Matthew Auchincloss August 28, 2026

CINCINNATI — The Cooper Commercial Investment Group has arranged the sale of Spring Hill Center, a 27,299-square-foot multi-tenant retail property located in Cincinnati. Dan Cooper of the Cooper Commercial Investment Group represented the seller, an Ohio-based investment group, in the transaction. The buyer was a New York-based investor. The deal closed at an 8 percent cap rate. Spring Hill Center is anchored by Dollar General.

August 28, 2026

Acquisitions New York Northeast Office Retail

Atlantic Capital Partners Negotiates $31M Sale of Manhattan Office, Retail Building

by Taylor Williams August 28, 2026

NEW YORK CITY — Regional brokerage firm Atlantic Capital Partners (ACP) has negotiated the $31 million sale of 893 Broadway, a 25,442-square-foot office and retail building in Manhattan’s Flatiron District. The five-story building was fully leased at the time of sale. Mattress retailer Saatva occupies the lower-level and ground-floor retail spaces, and Chief, a private network for female executives, occupies the office space on floors two through five. Justin Smith, Chris Peterson, Sam Koonce and Danielle Turpin of ACP represented the undisclosed seller in the transaction.

August 28, 2026

Acquisitions Colorado Multifamily Western

Vantage Communities Sells 288-Unit Multifamily Community in Loveland, Colorado

by Amy Works August 28, 2026

LOVELAND, COLO. — Vantage Communities has sold Vantage at Loveland, an apartment community located just south of Fort Collins. The buyer was JB Matteson, and the sales price was undisclosed. Greg Parker and Jason Hornick of Marcus & Millichap represented the seller and procured the buyer in the deal. Completed in 2024, Vantage at Loveland features 288 apartments, a resort-style pool, clubhouse, fitness center and an outdoor recreation areas. Apartments offer washers and dryers, walk-in closets, kitchen islands and yards.

August 28, 2026

Acquisitions California Industrial Western

CBRE Brokers $87.5M Sale of Nine-Building Industrial Portfolio in Benicia, California

by Amy Works August 28, 2026

BENICIA, CALIF. — CBRE has brokered the $87.5 million sale of a nine-building industrial portfolio in Benecia, part of the San Francisco Bay Area. NorthPoint Development purchased the buildings, which are located within Benicia Industrial Park, and include Benicia Commerce Center I and II at 6200-6850 Goodyear Road and Benicia Industrial Way at 5301-5341 Industrial Way. At the time of sale, the portfolio was fully leased to 19 tenants that have occupied space at the park for an average of nearly 15 years. The tenant roster is subject to below-market rents, staggered lease expirations and a weighted average lease term of roughly 3.4 years, according to the deal term. Rebecca Perlmutter and Brian Russel of CBRE National Partners West, along with Tony Binswanger, Bo Harkins and Brooks Pedder of CBRE’s Walnut Creek, Calif., office represented the seller in the deal. Steve Roth, Val Achtemeier and David Milestone of CBRE Capital Markets’ Debt & Structured Finance arranged the buyer’s financing.

August 28, 2026

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