Acquisitions

A.G. Spanos Sells Two Apartment Communities in Sacramento to Jackson Square Properties for $161.5M

by Amy Works January 5, 2026

SACRAMENTO, CALIF. — A.G. Spanos has completed the sale of Zeta Luxury Apartments and Solasta Luxury Apartments, a multifamily portfolio in Sacramento, to Jackson Square Properties for $161.5 million. Marc Ross, Joe McNamara and Claire Holt of CBRE represented the seller in the transaction. A.G. Spanos developed the properties in 2024. Located at 3761 E. Commerce Way, Zeta Luxury Apartments features 270 studio, one- and two-bedroom apartments, a resort-style saltwater pool, 24-hour athletic center, pickleball courts and a luxury clubhouse with gaming tables, a movie lounge, demonstration kitchen, gourmet coffee bar, beer and wine on tap and private work areas. Located at 7606 Klotz Ranch Court, Solasta Luxury Apartments offers 266 one-, two- and three-bedroom floor plans, a heated saltwater swimming pool, rooftop deck with a fireplace and outdoor TVs and an upscale resident lounge with gaming tables and a demonstration kitchen.

January 5, 2026

Acquisitions Arizona Industrial Western

Westfield Co., RGA ReCap Sell Fairway Commerce Center in Avondale, Arizona for $89.8M

by Amy Works January 5, 2026

AVONDALE, ARIZ. — Westfield Co. and RGA ReCap Inc., on behalf of RGA, have completed the sale of Fairway Commerce Center, a distribution facility located at 12250 W. Corporate Drive in Avondale. The United States Postal Service occupies the 450,260-square-foot property, which is situated on 26 acres, on a 10-year, triple-net lease. Completed in 2024, the cross-dock facility features a clear height of 40 feet, 13,800 amps of power, complete climate control, 83 dock-high loading positions and secured truck courts. Ben Geelan, Greer Oliver, Bryce Beecher and Gigi Martin of JLL Capital Markets represented the seller in the transaction.

January 5, 2026

Acquisitions California Office Western

Newmark Arranges $89M Sale of Office Campus in Orange, California

by Amy Works January 5, 2026

ORANGE, CALIF. — Newmark has brokered the sale of Orange City Square, a repositioned Class A office campus in Orange. Granite Properties sold the asset to MGR Real Estate for $89 million. Kevin Shannon, Paul Jones, Ken White and Brandon White of Newmark represented the seller in the deal. Jonathan Firestone and Blake Thompson of Newark arranged $57 million in financing for the buyer. Situated on 14.1 acres at 750, 770, 790 and 840 The City Drive South, the three-building campus offers 383,558 square feet of office space and 8,966 square feet of retail space. The asset was built in 1988 and extensively renovated through 2025. Amenities include reimagined lobbies, a customer lounge with kitchen, a fitness center, two conference centers and an outdoor event space with TVs, WiFi and barbecue facilities. At the time of sale, the property was 84 percent leased.

January 5, 2026

Acquisitions Multifamily Oregon Western

HFO Investment Real Estate Brokers $7.2M Sale of Multifamily Community in Salem, Oregon

by Amy Works January 5, 2026

SALEM, ORE. — HFO Investment Real Estate has directed the sale of Battle Creek Lodges, an apartment property in Salem’s South Gateway neighborhood. An investment group acquired the asset from an undisclosed seller for $7.2 million. Battle Creek Lodge features 56 two-bedroom apartments averaging 1,000 square feet. Community amenities include a seasonal pool, tennis court, picnic areas and fireplaces. Greg Frick and Adam Smith of HFO represented both the seller and buyer in the deal.

January 5, 2026

Acquisitions Florida Multifamily Southeast

CBRE Brokers Sale of 400-Unit Pier 5350 Apartments in Jacksonville

by John Nelson January 5, 2026

JACKSONVILLE, FLA. — CBRE has brokered the sale of Pier 5350, a 400-unit apartment community located at 5350 Arlington Expressway in Jacksonville. The waterfront property sits on 22 acres directly across the St. Johns River from downtown Jacksonville. Locally based GMC Properties purchased the community from Atlas Real Estate Partners for an undisclosed price. John Rutherford and Luke McCann of CBRE represented both parties in the transaction. Pier 5350 comprises studio, one-, two- and three-bedroom apartments within 46 residential buildings. The property has recently undergone a $14 million capital improvement plan, with updates made to unit interiors, the pool, waterfront clubhouse, fitness center, picnic areas and the community’s private fishing dock.

January 5, 2026

Acquisitions Indiana Midwest Multifamily Student Housing

Inland, Scion Buy 489-Bed Student Housing Community at Purdue University in Indiana

by Kristin Harlow January 5, 2026

WEST LAFAYETTE, IND. — Inland Real Estate Acquisitions LLC and The Scion Group have purchased Fuse, a 489-bed student housing community located directly across the street from Purdue University’s Mackey Arena and Ross-Ade Stadium in West Lafayette. The property at 720 Northwestern Ave. rises five stories with 229 units. Amenities include a clubhouse, game room, yoga and dance studio, terrace and outdoor lounge, a fitness center and business center with private study rooms. The buyers acquired the property as part of a portfolio with two other communities in Waco, Texas, and Charlottesville, Va. Mark Cosenza and David Neboyskey of Inland completed the transaction on behalf of an Inland affiliate. TSB Capital Advisors consulted for the buyers and TSB Realty represented the sellers. Walker & Dunlop arranged fixed-rate loans for the portfolio through Freddie Mac.

January 5, 2026

Acquisitions Kentucky Retail Southeast

Cushman & Wakefield | Commercial Kentucky Arranges Sale of 289,937 SF Shopping Center in Louisville

by John Nelson January 5, 2026

LOUISVILLE, KY. — Cushman & Wakefield | Commercial Kentucky has arranged the sale of Indian Trail Square, a 289,937-square-foot shopping center located at 5733 Preston Highway in Louisville. The property’s tenant roster includes Save A Lot, Dollar Tree, Ollie’s Bargain Outlet and Citi Trends. Lexington, Ky.-based BC Wood Properties sold the 30-acre property to an undisclosed buyer. The sales price was also not disclosed. Craig Collins and Austin English of Cushman & Wakefield | Commercial Kentucky, along with Evan Halkias, Hank Davis and David Matheis of Cushman & Wakefield, represented the seller in the transaction.

January 5, 2026

Acquisitions Illinois Midwest Multifamily

S2 Capital Acquires 344-Unit Ovaltine Apartments in Villa Park, Illinois

by Kristin Harlow January 5, 2026

VILLA PARK, ILL. — S2 Capital has acquired Ovaltine Apartments, a 344-unit multifamily property in the western Chicago suburb of Villa Park. The acquisition marks the firm’s first investment in the greater Chicago area. Originally converted from the historic Ovaltine chocolate factory in 2001, Ovaltine Apartments offers loft-style units. The property’s average occupancy has remained above 95 percent since January 2024. Approximately 98 percent of the units remain unrenovated or only partially upgraded, providing S2 the opportunity to execute a comprehensive renovation plan. S2 acquired the asset through its S2 Real Estate Fund II.

January 5, 2026

Acquisitions Industrial Kentucky Southeast

Highline, GCP Acquire 936,000 SF Industrial Facility in Metro Louisville Leased to Amazon

by John Nelson December 23, 2025

SHEPHERDSVILLE, KY. — A joint venture between Highline Real Estate Partners and Growth Capital Partners (GCP) has purchased a 936,000-square-foot industrial facility located at 100 W. Thomas P. Echols Lane in Shepherdsville, a southern suburb of Louisville. Built in 2009 near an I-65 interchange, the 51.5-acre property has been fully leased to Amazon since 2013. George Fallon of CBRE represented the undisclosed seller in the transaction. The sales price was also not disclosed.

December 23, 2025

Acquisitions Louisiana South Carolina Southeast Student Housing

GMH Communities, AEW Capital Buy Two Student Housing Communities Near Clemson University, LSU

by John Nelson December 23, 2025

CLEMSON, S.C. AND BATON ROUGE, LA. — A joint venture between GMH Communities and AEW Capital Management has acquired two student housing communities in Clemson and Baton Rouge. The acquisitions included Dockside at Clemson, a 633-bed student housing property located near the Clemson University campus in South Carolina; and Flatiron, a 293-bed community located near Louisiana State University (LSU) in Baton Rouge. Dockside has been rebranded The Cove at Clemson as part of the acquisition. The property offers units in studio, one-, two-, three- and four-bedroom configurations with bed-to-bath parity. Shared amenities include study rooms and lounges, a coffee bar, fitness center, lakefront boardwalk, game room, dog park and walking paths. Flatiron offers units in studio, one-, four- and five-bedroom configurations with bed-to-bath parity. Shared amenities include a fitness center, computer lab, pool, grilling station, yoga studio, clubhouse, dog park and study rooms. Mike Brady, Jake Wisness, Bill Maloney and Jake Davidson of JLL secured financing for the acquisition. Teddy Leatherman of JLL brokered the acquisition of the properties from seller Fountain Residential. Terms of the transaction were not released.

December 23, 2025

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