Tuesday, May 19, 2026
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Acquisitions

245-E-Main-St-El-Cajon-CA
AcquisitionsCaliforniaMixed-UseMultifamilyOfficeRestaurantRetailWestern

Marcus & Millichap Brokers Sale of 10,734 SF Mixed-Use Property in El Cajon, California

by Amy Works

EL CAJON, CALIF. — Marcus & Millichap has arranged the sale of a mixed-use property located at 245 E. Main St. in downtown El Cajon. Syrian Investments acquired the asset from Ronald L. Bain for $2.6 million. The buyer plans to occupy the building and open its second restaurant on the street occupying the ground floor. Built in 2007, the fully vacant building offers 10,734 square feet of retail, office and apartment space, a rear parking lot, roll-up door, alley access and Main Street frontage. Nick Totah and Joseph Gutierrez of Marcus & Millichap represented the seller, while Na’il Salem of Premiere Homes procured the buyer in the deal.

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600-NW-Farris-Rd-Gresham-OR
AcquisitionsOfficeOregonWestern

VW Holdings Closes Sale of 4,030 SF Office Building in Gresham, Oregon

by Amy Works

GRESHAM, ORE. — VW Holdings has completed the sale of an office building and adjacent 0.4-acre land site at 600 N.W. Farris Road in Gresham, about 16 miles east of Portland. Lewis & Clark Montessori Charter School acquired the asset for $1.7 million. Constructed in 1978 and renovated in 2003, the 4,030-square-foot, single-story property is ADA-accessible and includes 26 parking spots. Tim Budelman of Portland-based Norris & Stevens represented the seller, while Anne Hecht of Cushman & Wakefield represented the buyer in the deal.

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Gateway-at-Denton
AcquisitionsMultifamilyStudent HousingTexas

IPA Negotiates Sale of 696-Bed Student Housing Property in Denton, Texas

by Taylor Williams

DENTON, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of Gateway at Denton, a 696-bed student housing property that serves students at the University of North Texas. Built in 2005, the 228-unit complex is located within a half-mile of campus and features a mix of two-, three- and four-bedroom floor plans with complete bed-bath parity. Units range in size from 816 to 1,360 square feet. Amenities include a newly renovated clubhouse, three pools with cabanas, outdoor grilling and dining stations, basketball court, fitness center and a computer lab. Peter Katz and Drew Kile of IPA represented the seller, Los Angeles-based MJW Investments, in the transaction and procured the buyer, Vesper Holdings.

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AcquisitionsMultifamilyNew YorkNortheast

Brax Realty Negotiates $6.2M Sale of Two Manhattan Apartment Buildings

by Taylor Williams

NEW YORK CITY — Locally based brokerage firm Brax Realty has negotiated the $6.2 million sale of two adjacent apartment buildings in Manhattan’s East Village area. The buildings at 317 E. 14th St. and 319 E. 14th St. house 24 apartments between them as well as two retail spaces. According to LoopNet Inc., both buildings rise five stories and were constructed in 1910. Michael Ferrara and Cole Kinney Leonhardt of Brax Realty brokered the deal. The buyer and seller were not disclosed.

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AcquisitionsMassachusettsMultifamilyNortheast

Marcus & Millichap Brokers $4.7M Sale of Apartment Building in Mansfield, Massachusetts

by Taylor Williams

MANSFIELD, MASS. — Marcus & Millichap has brokered the $4.7 million sale of a 25-unit apartment building in Mansfield, a southern suburb of Boston. The building at 1 Samoset Ave., which is known locally as “The Grain Mill” and was converted from that use to residential in 1981, consists of 24 one-bedroom apartments and a two-bedroom penthouse. Evan Griffith and Tony Pepdjonovic of Marcus & Millichap represented the seller and procured the buyer, both of which were local limited liability companies, in the transaction.

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AcquisitionsGeorgiaRetailSoutheast

JLL Arranges Sale of Kroger-Anchored Shopping Center in Snellville, Georgia

by John Nelson

SNELLVILLE, GA. — JLL has arranged the sale of Presidential Commons, a 264,271-square-foot shopping center located in Snellville, a northeast suburb of Atlanta. Kroger anchors the property, which was 89 percent leased at the time of sale. Other tenants at the center include Petco, Ulta Beauty, Burlington, Five Below and Aaron’s. SITE Centers sold the property to Sterling Organization for an undisclosed price. Jim Hamilton, Brad Buchanan, Andrew Michols and Anton Serafini of JLL represented the seller in the transaction.

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AcquisitionsIllinoisMidwestRetail

SVN Chicago Commercial Brokers Sale of 16,400 SF Historic Building in Wicker Park

by Kristin Harlow

CHICAGO — SVN Chicago Commercial has brokered the sale of a historic building totaling 16,400 square feet in the city’s Wicker Park neighborhood for an undisclosed price. The property, built in 1907, is located at 1934 W. North Ave. near The Robey Hotel. Tim Rasmussen, Adam Napp and Chad Schroedl of SVN represented the undisclosed seller. The buyer, Envoi Partners LLC, plans to renovate the building and add nine rental units on the second and third floors. The property served as the filming location for MTV’s “The Real World Chicago” in 2001, and was later home to Cheetah Gym and Verge Gym.

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AcquisitionsAffordable HousingMidwestMultifamilyNorth Dakota

Marcus & Millichap Arranges Sale of 40-Unit Affordable Housing Community in Grand Forks, North Dakota

by Kristin Harlow

GRAND FORKS, N.D. — Marcus & Millichap has arranged the sale of The Current, a 40-unit affordable housing community in Grand Forks. The sales price was undisclosed. Built in 2007, the Low-Income Housing Tax Credits property features 15 one-bedroom units and 25 two-bedroom units. Matthew Whiteside of Marcus & Millichap represented the seller, MDI Limited Partnership #110, and procured the buyer, Kemo Sabe Properties LLC.

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AcquisitionsIndustrialMichiganMidwest

Dominion Negotiates Sale of 10,400 SF Industrial Building in Commerce Township, Michigan

by Kristin Harlow

COMMERCE TOWNSHIP, MICH. — Dominion Real Estate Advisors LLC has negotiated the sale of a 10,400-square-foot industrial building located at 3170 Walnut Lake Court in Commerce Township, a northwest suburb of Detroit. David Giltner of Dominion represented the undisclosed seller. David Wax of Burger & Co. represented the buyer, Valleyoak One LLC, which will operate a software company doing business as Brilliant Systems at the property. The sales price was undisclosed.

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Trovita-Rio-Apts-Tempe-AZ
AcquisitionsArizonaMultifamilyWestern

Sagard Real Estate Acquires 209-Unit Trovita Rio Apartment Community in Tempe

by Amy Works

TEMPE, ARIZ. — Sagard Real Estate has purchased Trovita Rio, a multifamily property in Tempe, for an undisclosed price. David Fogler and Steven Nicoluzakis of Cushman & Wakefield represented the undisclosed seller in the transaction. Built in 2019, Trovita Rio offers 209 apartments, a rooftop entertainment deck, fitness center, community clubhouse and electric vehicle charging stations.

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