Tuesday, May 19, 2026
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Acquisitions

4004-Kruse-Way-Pl-Lake-Oswego-OR
AcquisitionsDevelopmentHealthcareOfficeOregonWestern

Joint Venture Buys 59,865 SF Office Building Near Portland, Plans Outpatient Healthcare Conversion

by Amy Works

LAKE OSWEGO, ORE. — A joint venture between Evergreen Medical Properties and Bain Capital’s real estate team has acquired 4004 Kruse Way Place, an office building in Lake Oswego, from San Francisco-based Shorenstein Properties for an undisclosed price. The joint venture plans to convert the three-story, 59,865-square-foot building, which is currently operating as traditional office space, into an outpatient healthcare facility. At the time of sale, asset was 74 percent occupied with Providence Health & Services as the anchor tenant. Evan Kovac of JLL Capital Markets National Medical Properties and Buzz Ellis of JLL Pacific Northwest Advisory represented the seller and procured the buyer in the transaction.

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Aldercrest-Apts-Seattle-WA
AcquisitionsMultifamilyWashingtonWestern

Northmarq Brokers $13.1M Sale of Aldercrest Apartments in Seattle’s First Hill District

by Amy Works

SEATTLE — Northmarq has negotiated the sale of Aldercrest Apartments, a multifamily property located at 303 10th Ave. in Seattle. An entity doing business as 303 10th Ave LLC acquired the asset for $13.1 million. Situated within the city’s First Hill district, Aldercrest Apartments offers 47 studio, one- and two-bedroom floorplans with nine-foot ceilings, bay windows and in-unit washers and dryers. Community amenities include landscaped grounds, controlled access, gated/assigned underground parking and 24-hour emergency maintenance. Tyler Smith, Steve Fischer, Joe Kinkopf, Brendan Greenheck, Taylor Wymna and Matt Johnson of Northmarq’s Seattle Multifamily Investment Sales team represented the undisclosed seller in the transaction.

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600-610-Sequoia-Pacific-Blvd-Sacramento-CA
AcquisitionsCaliforniaIndustrialWestern

CBRE Facilitates $5.8M Sale of Sacramento Industrial Building

by Amy Works

SACRAMENTO, CALIF. — CBRE has arranged the sale of an industrial building located at 600-610 Sequoia Pacific Blvd. in Sacramento. Henderson Enterprises LP sold the asset to an undisclosed buyer for $5.8 million. WCP Solutions, a wholesale distributing company, occupies the entire 58,160-square-foot building. Situated on three acres, the property offers 22-foot clear heights, eight dock-high doors and two grade-level doors, as well as 6,880 square feet of office space. Matt Post, Todd Sanfilippo, Anthony DeLorenzo, Sammy Cemo and Nick Williams of CBRE represented the seller in the deal.

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AcquisitionsFloridaOfficeSoutheastTop Stories

JLL Arranges $443M Sale of 701 Brickell Office Tower in Downtown Miami

by Kristin Harlow

MIAMI — JLL Capital Markets has arranged the $443 million sale of 701 Brickell, a trophy office building totaling 685,279 square feet in the heart of downtown Miami’s Brickell financial district. The sale marks the second-largest office transaction in Florida history, according to JLL. Morning Calm Management and its partner purchased the asset from Nuveen Real Estate. Manny de Zarraga, Matt McCormack, Ike Ojala and Hermen Rodriguez of JLL represented the seller and procured the buyer in the transaction. Fronting Brickell Avenue and Biscayne Bay, the property is home to tenants such as Bank of America and Holland & Knight LLP. Amenities include a fitness center, onsite café, in-house beauty salon and conference facilities. The 33-story building was constructed in 1985. Nuveen Real Estate, formerly TIAA Real Estate, acquired 701 Brickell in 2002. Charles Russo led the sale effort on behalf of Nuveen, which completed a $30 million capital renovation plan in 2021. Miami’s Brickell submarket is currently the top performing office market in the United States in terms of occupancy and rent growth, according to JLL. Nuveen Real Estate is one of the largest investment managers globally with $147 billion of assets under management. Morning Calm Management is an …

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AcquisitionsMultifamilySeniors HousingTexas

Mustang Creek Enterprises Buys 80-Unit Seniors Housing Project in Frisco

by Taylor Williams

FRISCO, TEXAS — Locally based seniors housing operator Mustang Creek Enterprises has purchased Mustang Creek Estates of Frisco, an 80-unit facility that is located on a six-acre site at 1200 W. Main St. on the northern outskirts of Dallas. Mustang Creek has operated the six-building property, which offers assisted living and memory care services, since it opened in 2014. Mustang Creek financed the purchase through Community National Bank. The seller and sales price were not disclosed.

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Groton-3-Portfolio
AcquisitionsConnecticutMultifamilyNortheast

NEPCG Negotiates $9.2M Sale of Multifamily Portfolio in Groton, Connecticut

by Taylor Williams

GROTON, CONN. — Regional brokerage firm Northeast Private Client Group (NECPG) has negotiated the $9.2 million sale of a portfolio of three multifamily properties totaling 68 units in Groton, located in southern coastal Connecticut. The portfolio comprises a 20-unit building known as Thamesport Apartments, as well as a 24-unit building at 46 Hynes Ave. and a 24-unit complex at 183-221 Brandegee Ave. Brad Balletto and Taylor Perun of NEPCG represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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AcquisitionsIndustrialWashingtonWestern

Schnitzer Properties Acquires 230,575 SF Industrial Park in Auburn, Washington

by Amy Works

AUBURN, WASH. — Schnitzer Properties has purchased White River Corporate Park, a 230,575-square-foot, four-building industrial park in Auburn. With this acquisition, Schnitzer Properties owns and manages more than 2.5 million square feet in the Puget Sound area, with 594 tenants. White River Corporate Park is fully leased and houses 12 tenants, including manufacturers, distributors and service providers. Brett Hartzell and Paige Morgan of CBRE handled the transaction. The financial terms of the deal were not released.

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Highlands-Corporate-Center-San-Diego-CA
AcquisitionsCaliforniaOfficeWestern

Harbor Associates, F&F Capital Buy 211,000 SF Highlands Corporate Center in San Diego

by Amy Works

SAN DIEGO — A joint venture between Harbor Associates and F&F Capital Group has purchased Highlands Corporate Center, a Class A office campus in San Diego’s Del Mar Heights, for an undisclosed price. Located at 12730-12780 High Bluff Drive, Highlands Corporate Center offers 211,000 square feet of office space spread across five buildings. The recently renovated campus features new lobby finishes, a new conference center, fitness facilities, tenant lounge and an outdoor pavilion, as well as electric vehicle charging stations and private balconies on several of the upper-floor tenant suites. Adam Edwards, Justin Shepherd and Bailey Bland of Eastdil Secured represented the undisclosed seller in the deal. At the time of sale, Highlands Corporate Center was 90 percent leased.

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26711-Aliso-Creek-Rd-Aliso-Viejo-CA
AcquisitionsCaliforniaHealthcareRetailWestern

Hanley Investment Arranges Sale of 24,986 SF Retail, Medical Building in Aliso Viejo, California

by Amy Works

ALISO VIEJO, CALIF. — Hanley Investment Group Real Estate Advisors has brokered the sale of a two-story retail and medical building at 26711 Aliso Creek Road in Aliso Viejo. A San Francisco-based private investor sold the asset to an Irvine, Calif.-based private investor for $9.4 million. Both parties requested anonymity. Buffalo Wild Wings Grill & Bar, Active Med Supply, Cold Stone Creamery, F45 Training, Kidcreate Studio and three dental offices are tenants at the 24,986-square-foot building, which was built on two acres in 2004. The building is situated within Aliso Viejo Town Center, a 380,000-square-foot development. Sean Cox and Kevin Fryman of Hanley Investment Group represented the seller, while Alton Burgess of Voit Real Estate Services represented the buyer in the deal.

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AcquisitionsIllinoisMidwestRetail

Greenstone Partners Brokers $6.9M Sale of Chicago Retail Property

by Kristin Harlow

CHICAGO — Greenstone Partners has brokered the sale of a retail property located at 4066-4080 N. Milwaukee Ave. in Chicago’s Portage Park neighborhood for $6.9 million. The two-building asset is home to medical-related tenants, including Athletico Physical Therapy, DentalWorks, America’s Best Contacts and Eyeglasses and Midwest Express Clinic. The center features 16,063 square feet of gross leasable area on 35,185 square feet of land and includes 41 off-street surface parking spaces. The property was fully leased at the time of sale. Danny Spitz and Brewster Hague of Greenstone represented the seller, a private investment fund, and procured the buyer, a private partnership based in Illinois.

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