Acquisitions

United Capital Acquires Ives Plaza Shopping Center in Metro Miami for $12M

by Abby Cox January 6, 2026

MIAMI GARDENS, FLA. — United Capital has acquired Ives Plaza, a 56,841-square-foot shopping center located in Miami Gardens, approximately 16 miles north of downtown Miami. An entity doing business as R&E Trust Partnership LLP sold the center for $12 million. David Smith of LG Capital Partners, along with Adam Lipkin of United Capital, served as financial advisors on behalf of United Capital. This transaction marks the first time the property has been sold. Developed in 1955 on nearly 6.5 acres, Ives Plaza was 66 percent leased at the time of sale to 15 tenants including Pizza Hut and Rent-A-Center.

January 6, 2026

Acquisitions New York Northeast Office

SL Green Sells Stake in Midtown Manhattan Office Building to Rockpoint

by Taylor Williams January 6, 2026

NEW YORK CITY — Local real estate giant SL Green (NYSE: SLG) has sold a 49 percent stake in 100 Park Avenue in Midtown Manhattan to Boston-based real estate private equity firm Rockpoint at a gross asset valuation of $425 million. Major tenants at the 36-story, 905,000-square-foot building include Alphasights (192,630 square feet) and Alvarez & Marsal Holdings (220,221 square feet). The building also features a recently renovated amenity center on the second floor that has a lounge, golf simulator, game room, personal training studio and conference rooms. Adam Spies and Doug Harmon of Newmark advised on the transaction.

January 6, 2026

Acquisitions Hospitality Louisiana Southeast

Marcus & Millichap Brokers Sale of 68-Room Comfort Inn New Orleans Airport Hotel

by Abby Cox January 6, 2026

SAINT ROSE, LA. — Marcus & Millichap has brokered the sale of the 68-room Comfort Inn New Orleans Airport hotel in Saint Rose. Built in 2010, the three-story property is situated at 10151 W. Airline Highway, roughly five miles from the Armstrong New Orleans International Airport. Amenities include complimentary breakfast, a fitness center, business center, meeting facilities and an airport shuttle. David Altman and Jeff Halavacs of Marcus & Millichap represented the seller, Siddiqui Enterprises LLC, and procured the buyer, NOLA Airport Hospitality LLC, in the transaction. Steve Greer was Marcus & Millichap’s broker of record in Louisiana.

January 6, 2026

Acquisitions Arizona Multifamily Seniors Housing Western

JLL Brokers Sale of 345-Unit Thunderbird Senior Living Community in Glendale, Arizona

by Amy Works January 6, 2026

GLENDALE, ARIZ. — JLL Capital Markets has arranged the sale of Thunderbird Senior Living, a seniors housing community in Glendale. Terms of the transaction were not disclosed. JLL’s Seniors Housing Capital Markets team represented the undisclosed seller and procured the undisclosed buyer in the deal. Most recently renovated in 2018, Thunderbird Senior Living consists of 13 interconnected three-story buildings offering 285 independent living, 40 assisted living and 20 memory care units. All residences include a dedicated kitchen, private bathrooms and bedrooms. Community amenities include an art room, beauty salon/barber shop, bistro, game room, heated outdoor pool, library, living room/lounges, nature trails, sun decks and a theater. Stellar Senior Living will continue to operate the property, which is situated on 7.8 acres at 5401 W. Dailey St.

January 6, 2026

Acquisitions Development Industrial Utah Western

PGIM, Dakota Pacific to Develop 450,000 SF Spec Industrial Project in Salt Lake City

by Amy Works January 6, 2026

SALT LAKE CITY — PGIM and Dakota Pacific Real Estate have formed a joint venture to develop a six-building industrial project on two recently acquired land parcels near Bangerter Highway along California Avenue and 4400 West in Salt Lake City. Construction will immediately commence on the speculative development, totaling nearly 450,000 square feet, including dedicated yard space. The project is designed as modern small- and mid-bay industrial product with initial deliveries slated for early 2027. Big-D Construction is serving as general contractor and managing construction of the project. JPMorgan Chase Bank is financing the development. Kyle Roberts and Ben Richardson of Newmark represented the seller, while Newmark’s Lucas Burbank represented the joint venture in the land acquisition. Burbank and Kelsie Akiyama of Newmark are overseeing leasing efforts for the development.

January 6, 2026

Acquisitions California Multifamily Seniors Housing Western

Sunny Hills Management Co. Buys 168-Unit Seniors Housing Property in Southern California

by Amy Works January 6, 2026

CARLSBAD, CALIF. — Sunny Hills Management Co. has acquired Laguna Estates Senior Living, a 168-unit seniors housing property located in Carlsbad, an affluent coastal city in southern California. The seller and sales price were not disclosed. Laguna Estates features a mix of assisted living and memory care units across four buildings. Amenities at the community include an activity room, salon, billiards room, fitness center, movie room, piano room, putting green and swimming pool. Aaron Rosenzweig and Dan Baker of JLL Capital Markets arranged the sale on behalf of the seller.

January 6, 2026

Acquisitions Colorado Retail Western

Pinnacle Real Estate Brokers $5.9M Sale of Retail Property in Littleton, Colorado

by Amy Works January 6, 2026

LITTLETON, COLO. — Pinnacle Real Estate Advisors has arranged the sale of a retail property located at 2885 W. County Line Road in Littleton. The asset traded for $5.9 million. Robert Lawson and Paul Nora of Pinnacle Real Estate Advisors handled the transaction. The undisclosed new ownership will use the property, which is a former Harley-Davidson dealership, to expand its operations.

January 6, 2026

Acquisitions Michigan Midwest Retail Wisconsin

Mid-America Brokers Sale of 714,000 SF Retail Portfolio Across Three States

by Kristin Harlow January 6, 2026

MICHIGAN, WISCONSIN AND ALABAMA — Mid-America Real Estate Corp. has brokered the sale of a four-property shopping center portfolio totaling over 714,000 square feet of retail space across Michigan, Wisconsin and Alabama. Atlanta-based RCG Ventures sold the portfolio to Beaumont, Texas-based Albanese Cormier. Bison Hollow Shopping Center in Traverse City, Mich., totals 134,798 square feet and is fully leased to Kohl’s, T.J. Maxx and Michaels. The 152,073-square-foot Oak Brook Square in Flint, Mich., is 97 percent leased. Tenants include T.J. Maxx, Hobby Lobby, Five Below, Dollar Tree, Skechers, Bath & Body Works and Buffalo Wild Wings. In Oshkosh, Wis., a two-tenant building totaling 52,302 square feet is fully occupied by Dick’s Sporting Goods and PetSmart. McGowin Park in Mobile, Ala., totals 374,881 square feet and is 98 percent leased to Dick’s House of Sport, Best Buy, Hobby Lobby, Ross, Petco and Old Navy. Ben Wineman of Mid-America brokered the sale in cooperation with Greg Hess of TSCG on McGowin Park; Daniel Stern of Mid-America on Bison Hollow and Oak Brook Square; and Nick Kohlmann, George Ghattas and Dan Rosenfeld of Mid-America on the Wisconsin property.

January 6, 2026

Acquisitions Midwest Missouri Multifamily

Greyhill Group Buys Westminster Place Apartments in St. Louis for $38.2M

by Kristin Harlow January 6, 2026

ST. LOUIS — Greyhill Group has purchased Westminster Place Apartments, a 337-unit multifamily property located at 4005 Westminster Place in St. Louis, for $38.2 million. Built during the 1980s to 1990s, the community was 96 percent occupied at the time of sale. Greyhill plans to make improvements to the property and hold it for the long term. The acquisition marks Greyhill’s expansion into its ninth state.

January 6, 2026

Acquisitions Illinois Midwest Retail

NewMark Merrill Acquires 179,106 SF Lake Meadows Shopping Center in Chicago

by Kristin Harlow January 6, 2026

CHICAGO — NewMark Merrill Cos. Inc. has acquired Lake Meadows Shopping Center, a 179,106-square-foot property in Chicago. Draper and Kramer Inc. was the seller. Anchor tenants include Jewel-Osco, LA Fitness, Foot Locker, CVS Pharmacy and Citi Trends. NewMark Merrill now owns or operates eight properties in the Chicago area representing more than 1.6 million square feet and a combined asset value of over $300 million. The company plans to upgrade Lake Meadows with improvements to signage, lighting and gathering spaces. Sandy Sigal, Jim Patton, Brad Pearl, Sandra Kist, Susan Rorison and Matt Gugliciello represented NewMark Merrill on an internal basis. Michael Nieder, Brian Page and John Dettlaff of JLL represented the seller. Lake Meadows was 85 percent leased at the time of sale.

January 6, 2026

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