Wednesday, April 8, 2026
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Acquisitions

AcquisitionsIllinoisIowaMidwestMissouriMultifamilySeniors Housing

Arrow Senior Living Acquires Eight Communities in Midwest Region

by Kristin Harlow

ILLINOIS, IOWA, MISSOURI AND ARKANSAS — St. Charles, Mo.-based Arrow Senior Living has acquired eight seniors housing communities across Illinois, Iowa, Missouri and Arkansas. Acquired in June, CedarStone Senior Living and PrairieStone Senior Living, both located in Cedar Falls, Iowa, were developed by Nelson Construction and Development. CedarStone consists of 120 units, including 88 assisted living apartments and 32 memory care residences. PrairieStone consists of 111 units, including 79 assisted living apartments and 32 memory care residences. Arrow also acquired six independent living communities in partnership with Welltower in early July, adding 654 units to its portfolio. The Cambridge Senior Living in Springfield, Mo., features 115 units. The Gardens at Arkanshire in Springdale, Ark., consists of 80 units. The Montvale Senior Living in Springfield, Ill., features 121 apartments. Curtis Creek Senior Living in Quincy, Ill., totals 120 units. Lastly, Mallard Point Senior Living in Cedar Falls, Iowa, features 114 units, while Walden Place Senior Living in Iowa City totals 104 units.

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AcquisitionsMidwestMultifamilyWisconsin

Marcus & Millichap Arranges $5.7M Sale of Multifamily Property in Thiensville, Wisconsin

by Kristin Harlow

THIENSVILLE, WIS. — Marcus & Millichap has arranged the $5.7 million sale of Grand Avenue Apartments in Thiensville, a northern suburb of Milwaukee. The 47-unit multifamily property is situated on nearly four acres on Grand Avenue. The original building was constructed as a school in 1920 and totals 18,668 square feet. The rear building was constructed in 1986 and totals 34,560 square feet. The complex offers a mix of one- and two-bedroom units, many of which are townhome style. Blake Hanlon and Mark Peltin of Marcus & Millichap represented the seller, a family office, and procured the buyer, a local real estate investor.

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AcquisitionsMichiganMidwestRetail

Dominion Negotiates Sale of Retail Redevelopment Site in Shelby Township, Michigan

by Kristin Harlow

SHELBY TOWNSHIP, MICH. — Dominion Real Estate Advisors LLC has negotiated the sale of a 0.78-acre retail development site located at 56166 Van Dyke Road in Shelby Township for an undisclosed price. Andrew Boncore of Dominion represented the seller. Steven Murphy of Century 21 Campbell Realty represented the buyer, a local business owner who plans on redeveloping the site into a retail center to expand his existing business.

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AcquisitionsIndustrialMaineNortheast

MAG Capital Partners Buys 84,800 SF Manufacturing, Headquarters Facility in South Paris, Maine

by Taylor Williams

SOUTH PARIS, MAINE — In a sale-leaseback transaction, MAG Capital Partners has acquired the manufacturing and headquarters facility of KBS Builders, a wholly owned subsidiary of Star Equity Holdings. The 84,800-square-foot facility, which is located about 30 miles from the Maine-New Hampshire border in South Paris, was originally built on 18.6 acres in 2004 and features a clear height of 40 feet and nine dock doors. Jeff Lizzo and Krupa Shah of STREAM Capital Partners represented KBS Builders in the transaction. The sales price was not disclosed.

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AcquisitionsCaliforniaCivicWestern

City of Oakland Sells Share of Athletics Coliseum to African American Sports and Entertainment Group for $105M

by Amy Works

OAKLAND, CALIF. — The City of Oakland has agreed to sell its share of the Oakland-Alameda County Coliseum complex to African American Sports and Entertainment Group (AASEG) for $105 million. Mayor Sheng Thao signed off on the city’s sale of the property, where the MLB’s Oakland Athletics currently play. Revenue from the sale to AASEG will be used to close part of the city’s budget deficit — $117 million this year and $175 million next year. Payments for the sale of Oakland’s 50 percent stake in the Coliseum site to AASEG will be made in installation over the next several years. AASEG is also in talks to purchase the portion of the Coliseum owned by the Athletics, which is still paying off the team’s 2019 purchase of Alameda County’s share of the site. The Athletics plan to finish the season at the Coliseum before moving to Sacramento for at least three seasons. The team’s long-term plan remains to build a stadium in Las Vegas.

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AcquisitionsArizonaIndustrialWestern

Creation Divests of 301,994 SF Midway Commerce Center in Chandler, Arizona for $57M

by Amy Works

CHANDLER, ARIZ. — Creation has completed the disposition of Midway Commerce Center, a master-planned industrial park in the Phoenix suburb of Chandler. Boston-based Longpoint Realty Partners purchased the asset for $57 million. Located at the northeast corner of Germann Road and Hamilton Street, Midway Commerce Center consists of three buildings offering a total of 301,994 square feet of light industrial space on 18.3 acres. Will Strong and Molly Hunt of Cushman & Wakefield handled the transaction. Ken McQueen, Chris McClurg and Blake Peters of Lee & Associates supported leasing efforts and will remain involved following the sale. LGE Design Build completed construction of Midway Commerce Center earlier this year.

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800-N-Sepulveda-Blvd-Manhattan-Beach-CA
AcquisitionsCaliforniaRestaurantRetailWestern

CBRE Brokers Sales of Two Restaurant Properties in Metro Los Angeles

by Amy Works

MANHATTAN BEACH AND OXNARD, CALIF. — CBRE has arranged the sale of two restaurant properties in Manhattan Beach and Oxnard, both suburbs of Los Angeles, for a total consideration of $9.7 million. Alex Kozakov, Patrick Wade, Matthew Greenberg, Jack Webber and Bo Henderson of CBRE represented the sellers in both the transactions. In the first deal, 800 Manhattan acquired a 2,572-square-foot building at 800 N. Sepulveda Blvd. in Manhattan Beach from local private investors for $5.1 million. El Pollo Loco occupies the property and has for more than 40 years. In the second deal, a private family trust purchased a building at 110 Riverpark Blvd. in Oxnard from a private family trust for $4.6 million. McDonald’s occupies the 3,500-square-foot property, which includes a double drive thru and 27 parking spaces.

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AcquisitionsAffordable HousingMultifamilyTexas

Comunidad Partners Acquires 358-Unit Toscana Apartment Homes in Northwest Austin

by Taylor Williams

AUSTIN, TEXAS — Comunidad Partners, an investment firm that specializes in affordable and workforce housing, has acquired the 358-unit Toscana Apartment Homes in northwest Austin. Built in 2001, the property features one-, two-, and three-bedroom units that are reserved for households earning between 60 and 120 percent of the area median income. Residences are furnished with stainless steel appliances, faux wood flooring, stone countertops and individual washers and dryers. Amenities include a pool, playground and a pet park. Comunidad Partners plans to implement a capital improvement program that elevates common areas and living spaces, including installing a pickleball court and adding private yards. The seller and sales price were not disclosed.

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AcquisitionsNorthmarqOfficeTexas

Colliers, Northmarq Broker Sale of 203,221 SF Office Complex in Austin

by Taylor Williams

AUSTIN, TEXAS — Colliers and Northmarq have brokered the sale of Twin Towers, a 203,221-square-foot office complex that sits on a 7.2-acre site in Austin’s Windsor Park neighborhood. The lobbies, restrooms and conference spaces at the two buildings were recently renovated, and the complex was 59 percent leased at the time of sale. Doug Rauls of Colliers, in conjunction with Scott Lamontagne and Chase Gardner of Northmarq, represented the seller, California-based Omninet Capital, in the transaction. Michael Bullard of Dovetail Commercial represented the buyer, Sock Club, which also plans to occupy the building.

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