Acquisitions

ZRP Sells 124,375 SF Shopping Center in Greenville, South Carolina

by Abby Cox February 19, 2026

GREENVILLE, S.C. — Ziff Real Estate Partners (ZRP), a retail investment firm based in Mount Pleasant, S.C., has sold Crosspointe Plaza, a 124,375-square-foot shopping center located in Greenville. Situated adjacent to the 1.2 million-square-foot Haywood Mall, Crosspointe Plaza is anchored by T.J. Maxx, DSW and Dollar Tree. Additional tenants at the property include 810 Billiards and Up 2 Us Furniture. ZRP originally acquired Crosspointe Plaza in 2022. Scott Israel of Colliers represented ZRP in the transaction. Atlanta-based RCG Ventures purchased the property for an undisclosed price.

February 19, 2026

Acquisitions Affordable Housing California Multifamily Western

Step Up Housing Acquires Hancock Terrace Apartments in Santa Maria, California for $75M

by Amy Works February 19, 2026

SANTA MARIA, CALIF. — Step Up Housing has acquired Hancock Terrace, a multifamily property located at 534 E. Boone St. in Santa Maria. Sack Capital Partners and Align Finance Partners closed on structured financing for the $75 million purchase. Sack will also provide asset and property management for the community. In an effort to expand housing options in the area, Step Up and Sack will immediately begin conversion of 75 percent of the units to affordable housing. Built in 2016, Hancock Terrace features 272 studio, one-, two- and three-bedroom floor plans, a swimming pool, 24-hour fitness center, two spas, a yoga studio, large clubhouse with TV lounge and demonstration kitchen, a dog park, children’s play area, ample onsite parking and elevator service. Institutional Property Advisors represented the undisclosed seller in the deal.

February 19, 2026

Acquisitions California Loans Multifamily Western

Newmark Arranges $31.6M Sale, Financing of San Carlos Village Apartments in San Diego

by Amy Works February 19, 2026

SAN DIEGO — Newmark has brokered the sale of San Carlos Village, a multifamily community located at 7707-7787 Tommy St. in San Diego. Pathfinder Partners acquired the asset for $31.6 million from ERFSCV LLC (heirs of the original developer) in an off-market transaction. Originally developed in 1980, San Carlos Village offers 160 apartments spread across 7.3 acres at the base of Cowles Mountain. The new ownership plans to rename the asset Cowles Landing. Erik Anderson of Newmark represented the buyer, while Greg Gorsuch of Chamberlain Property Management represented the seller in the deal. Robert Younkin and Garrett Meyers of Newmark arranged an $18.6 million Fannie Mae loan to facilitate the acquisition.

February 19, 2026

Acquisitions Affordable Housing California Multifamily Western

Pro Residential Services Buys 162-Unit Affordable Housing Community in Mojave, California

by Amy Works February 19, 2026

MOJAVE, CALIF. — Pro Residential Services has acquired Park Palace Apartments, an affordable housing property in Mojave, from Park Plaza One Apts LP for $8.9 million. Cray Carlson of CBRE represented both parties in the transaction. Located at 16193 and 16197 H St., Park Palace Apartments offers 162 apartments. Constructed in 2007 and 2011, the property operates as a low-income housing tax credit community. The asset is subject to long-time affordability requirements under its regulatory agreement with approximately 55 years of restrictions remaining.

February 19, 2026

Acquisitions Michigan Midwest

TopSide Marinas Acquires 80-Acre Bay Harbor Marina in Bay City, Michigan

by Kristin Harlow February 19, 2026

BAY CITY, MICH. — TopSide Marinas has acquired Bay Harbor Marina, a full-service marina located along the Saginaw River in Bay City. The transaction marks TopSide’s entry into the Michigan market. Established in 1967, Bay Harbor Marina spans 80 acres and features 400 wet slips, 100 dry stack slips and more than 500 winter storage spaces, including over 120,000 square feet of heated indoor storage. Onsite services include fuel docks, a ship store, mechanical and electronic repair, fiberglass and paint services, haul-out capabilities and both indoor and outdoor storage options. The marina serves boaters of all kinds, with members ranging from pontoon and sailboat owners to those operating large cruisers. TopSide plans to expand the service department and storage availability as well as enhance the store.

February 19, 2026

Acquisitions Build-to-Rent Kansas Midwest Single-Family Rental

Sallee Development Sells 192-Unit Build-to-Rent Community in Spring Hill, Kansas

by Kristin Harlow February 19, 2026

SPRING HILL, KAN. — Sallee Development has sold Oak Woods, a build-to-rent townhome community with 192 units in Spring Hill, a southern suburb of Kansas City. Located east of Highway 169, the property offers two-, three- and four-bedroom floor plans with attached garages. Atlanta-based Wrightwell was the buyer. Wrightwell now owns three communities in the Midwest.

February 19, 2026

Acquisitions Office Texas

Namdar Realty Buys 1 MSF Office Building in Downtown Houston

by Taylor Williams February 18, 2026

HOUSTON — Namdar Realty Group, an investment firm based on Long Island, has purchased 601 Jefferson, a 1 million-square-foot office building in downtown Houston. According to the Houston Business Journal, the sales price was approximately $66 million. The 42-story building first opened in 1973 and was 92 percent leased at the time of sale, with engineering company KBR occupying about 90 percent of the gross leasable area. Kevin McConn and Jeff Hollinden of JLL represented the seller, Net Lease Office Properties, in the transaction.

February 18, 2026

Acquisitions California Western

Fairfax Financial Agrees to Acquire Kennedy Wilson for $1.6B, Take Company Private

by Kristin Harlow February 18, 2026

BEVERLY HILLS, CALIF. — Kennedy-Wilson Holdings Inc. has entered into a definitive agreement to be acquired by an entity affiliated with a consortium led by CEO William McMorrow and Fairfax Financial Holdings Limited. The all-cash transaction is valued at $1.6 billion. The per share purchase price of $10.90 represents a 46 percent premium to Kennedy Wilson’s share price as of Nov. 4, 2025, the last trading day prior to a publicly disclosed proposal received by the company from the consortium. Fairfax is expected to have a majority of the economic interest in Kennedy Wilson immediately following the closing of the transaction, which is expected to occur in the second quarter of 2026 subject to the satisfaction of a number of customary closing conditions. Upon completion, Kennedy Wilson’s common shares will cease trading on the New York Stock Exchange and will be deregistered under applicable rules of the Securities and Exchange Commission. Beverly Hills-based Kennedy Wilson is a real estate investment company with $31 billion of assets under management in markets across the United States, United Kingdom and Ireland. The company went public in 2009.

February 18, 2026

Acquisitions Arizona Industrial Western

Transwestern Acquires Two-Building, 662,804 SF Industrial Property Near Phoenix

by Amy Works February 18, 2026

TOLLESON, ARIZ. — Transwestern Investment Group (TIG), on behalf of a separately managed account, has purchased a two-building industrial property at 9400 Latham St. in Tolleson. Terms of the transaction were not disclosed. Delivered in 2022, the 662,804-square-foot property is fully leased. Building A is a 402,015-square-foot cross-dock facility with a clear height of 36 feet, a 190-foot truck court, ESFR sprinkler systems and abundant trailer parking. Building B totals 260,789 square feet and features a rear-load configuration with a clear height of 32 feet, a 130-foot truck court and ESFR sprinklers.

February 18, 2026

Acquisitions Connecticut Northeast Office

Vidal/Wettenstein Negotiates $3.7M Sale of Office Building in Trumbull, Connecticut

by Taylor Williams February 18, 2026

TRUMBULL, CONN. — Locally based brokerage firm Vidal/Wettenstein has negotiated the $3.7 million sale of a 112,544-square-foot office building in the southern coastal Connecticut city of Trumbull. The buyer, Kubtec, a provider of digital imaging equipment, will convert the first two floors of the building at 75 Merritt Blvd. to support its production, assembly and quality control initiatives. Bruce Wettenstein of Vidal/Wettenstein represented the buyer in the transaction. Alan Fischer of Fischer Real Estate represented the seller, Sachem Capital Corp.

February 18, 2026

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