Monday, November 9, 2026
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Acquisitions

AcquisitionsDevelopmentMichiganMidwest

Kintsugi Village Buys Former School Property in Detroit’s Corktown Neighborhood for $3.4M

by Kristin Harlow

DETROIT — Nonprofit organization Kintsugi Village has purchased the former St. Vincent Middle School property in Detroit’s Corktown neighborhood for $3.4 million. Next Cities Investment Group sold the property, which also included a vacant lot next to the building for a total of 1.6 acres. Constructed in 1962, the school building totals roughly 38,000 square feet. It closed in 2010 and then operated as a coworking space. The facility has been vacant for the last four years. Kintsugi Village is working with Sachse Construction and plans to break ground soon on converting the property into an early childhood education center, artist residency and retreat center. The nonprofit expects to open in fall 2025.

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AcquisitionsMidwestRestaurantRetailWisconsin

Marcus & Millichap Arranges $2.1M Sale of Arby’s-Occupied Property in West Allis, Wisconsin

by Kristin Harlow

WEST ALLIS, WIS. — Marcus & Millichap has arranged the $2.1 million sale of a 1,544-square-foot restaurant property net leased to Arby’s in the Milwaukee suburb of West Allis. Constructed in 2004, the building is located at 10743 W. National Ave. Damien Yoder and Madison Harman of Marcus & Millichap’s The Yoder-Harman Group represented the buyer, 12947 Woodbridge Street LLC, a private investor. Todd Lindblom, broker of record in Wisconsin, assisted in closing the transaction.

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AcquisitionsColoradoIndustrialWestern

Tepuy Properties Buys Glass Recycling Facility in Broomfield, Colorado for $4.7M

by Amy Works

BROOMFIELD, COLO. — Tepuy Properties has acquired an industrial facility located at 11331 Dillon Road in Broomfield for $4.7 million. Jaime Pletcher of Gibbons White represented the buyer, while Matthew Trone of Cushman & Wakefield represented the undisclosed seller in the deal. Glass to Glass Denver, a subsidiary of Owens-Illinois, occupies the 27,116-square-foot glass recycling facility. The tenant specializes in transforming post-consumer glass into high-quality, reusable glass for manufacturers. The company processes a variety of glass materials, including bottles, jars and containers, for reuse in manufacturing new glass products. Built in 1973, the facility is located off Highway 287 and E-470, providing direct access to Denver International Airport.

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AcquisitionsCaliforniaRestaurantRetailWestern

Hanley Investment Group Brokers Sale of 7,914 SF Vacant Restaurant Building in Aliso Viejo, California

by Amy Works

ALISO VIEJO, CALIF. — Hanley Investment Group Real Estate Advisors has arranged the sale of a vacant restaurant building within Aliso Viejo Town Center in Southern California. ValueRock Realty Partners acquired the asset from a private investor for $5.3 million. Located at 26641 Aliso Creek Road in Aliso Viejo, the freestanding, 7,914-square-foot building was built on 1.3 acres in 1997. The property was formerly occupied by Macaroni Grill. Other tenants at Aliso Viejo Town Center include Ralphs, CVS Pharmacy, Staples, T.J. Maxx, HomeGoods, PetSmart and Regal Cinemas. Sean Cox, Bill Asher and Kevin Fryman of Hanley Investment Group represented the seller and buyer in the transaction.

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AcquisitionsFloridaHospitalitySoutheastTop Stories

Newmark Brokers $400M Sale of W Hotel South Beach in Miami

by Kristin Harlow

MIAMI — Newmark has brokered the more than $400 million sale of the W Hotel South Beach in Miami. Reuben Brothers purchased the 20-story, oceanfront property from Tricap. The sale marks the largest hotel transaction in the Miami market this year, according to Newmark. The property is also the newest hotel to sell in the market since 2021. The W Hotel, which Tricap completed in 2009, features more than 300 hotel and condo units. There are multiple luxury restaurants, including The Grove, Mr. Chow and WET Bar, as well as a full-service spa. The 3.8-acre site at 2201 Collins Ave. formerly housed a Holiday Inn hotel, which was demolished in 2006. The tower sits immediately adjacent to Miami Beach with views of Biscayne Bay and the Miami River. The hotel features convenient access to I-195 and I-395 and is proximate to luxury retail options along the waterfront. Newmark represented Manhattan-based Tricap in the sale. Eastdil Secured also advised the seller. Tricap has developed a portfolio of real estate holdings, including hotel, office, retail and mixed-use properties in major metropolitan markets such as New York City, Miami, Silicon Valley, Seattle and Las Vegas. London-based Reuben Brothers is a private equity, real …

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AcquisitionsRetailSouth CarolinaSoutheast

NAI Merin Hunter Codman Sells Shopping Center Near Myrtle Beach for $6.4M

by John Nelson

MURRELLS INLET, S.C. — A fund launched by South Florida-based commercial real estate brokerage services firm NAI Merin Hunter Codman has sold Prince Creek Village, an 18,035-square-foot shopping center located at 11920 SC Highway 707 in Murrells Inlet, a suburb of Myrtle Beach. The fund, named MHCommercial Real Estate Fund, sold the property after five years of ownership to Prince Creek Investments LLC, an affiliate of Zapolski Real Estate LLC, for approximately $6.4 million. Tom Kolarczyk and Andrew Jomantas of JLL Capital Markets’ Charlotte office represented the seller in the transaction. Prince Creek Village was fully leased at the time of sale. The property is shadow-anchored by Publix and is adjacent to TPC Championship Myrtle Beach Golf Club.

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AcquisitionsOfficeTexas

Marcus & Millichap Brokers Sale of 125,874 SF Office Building in Northeast Dallas

by Taylor Williams

DALLAS — Marcus & Millichap has brokered the sale of an eight-story, 125,874-square-foot office building in northeast Dallas. Built in on 5.8 acres in 1985 and renovated in 1999, the property at 9101 Lyndon B. Johnson Freeway is known as The Interchange Building and offers amenities such as a tenant lounge and a café. Joseph Jaques and Ron Hebert of Marcus & Millichap represented the undisclosed buyer in the all-cash transaction. The seller and sales price were also not disclosed.

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AcquisitionsDevelopmentHospitalityTexas

DuWest Realty Negotiates Sale of Hospitality Development Site at Sapphire Bay in Rockwall, Texas

by Taylor Williams

ROCKWALL, TEXAS — Locally based brokerage firm DuWest Realty has negotiated the sale of an 85,116-square-foot hospitality development site in Rockwall, a northeastern suburb of Dallas. Shiv Hospitality Group purchased the two-acre site at 600 Cooke Drive with plans to develop a 130-room hotel that will be operated under the Tempo by Hilton brand. The hotel will be a component of Sapphire Bay, a mixed-use waterfront development. Giancarlo Carriero and Scott Rodgers of DuWest Realty brokered the deal.

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AcquisitionsRetailTexas

Wile Interests Sells 14,920 SF Retail Strip Center in Katy, Texas

by Taylor Williams

KATY, TEXAS — Locally based investment firm Wile Interests has sold Katy Green, a 14,920-square-foot retail strip center located on the western outskirts of Houston. The center is home to tenants such as Starbucks Coffee, Potbelly Sandwich Shop and Pure Smiles. Ryan West, John Indelli and Gianna New of JLL represented Wile Interests in the transaction. The buyer and sales price were not disclosed.

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AcquisitionsCaliforniaIndustrialLoansWestern

PCCP Provides $85M Acquisition Loan for Three-Building Industrial Park in Richmond, California

by Amy Works

RICHMOND, CALIF. — PCCP has provided an $85 million loan to an affiliate of WPT Capital Advisors for the acquisition of a three-building industrial park at 6000, 6015 and 6025 Giant Road in Richmond. Built in 2015 and 2016, the 517,894-square-foot asset is 57 percent leased to two tenants. The Class A logistics asset features 30- to 32-foot clear heights, LED lighting and ESFR sprinklers. The property is located within Pinole Point Business Park, a 100-acre master-planned industrial park offering 2.2 million square feet of Class A space.

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