Wednesday, September 2, 2026
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Acquisitions

AcquisitionsIndianaMidwestOfficeRetail

Cushman & Wakefield Brokers $12.3M Sale of Office, Retail Property in Carmel, Indiana

by Kristin Harlow

CARMEL, IND. — Cushman & Wakefield has brokered the $12.3 million sale of Monon & Main, a four-story, 34,650-square-foot office and retail property located at 211 W. Main St. in the northern Indianapolis suburb of Carmel. Situated in the Carmel Arts & Design District, Monon & Main was fully leased at the time of sale. Built in 2018, the property is comprised of 79 percent office and 21 percent retail space. Rebecca Wells of Cushman & Wakefield represented the seller, a private partnership led by the Hannum family. The buyer was a private investor.

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AcquisitionsLoansMidwestMultifamilyOhioSeniors Housing

Red Oak Capital Provides $11.1M Bridge Loan for Assisted Living Community in Dayton, Ohio

by Kristin Harlow

DAYTON, OHIO — Red Oak Capital Holdings LLC has provided $11.1 million in financing for the acquisition and capital improvements of Cottages of Clayton, a 90-unit assisted living community in Dayton. The bridge loan features an 18-month initial term and a loan-to-stabilized value of 69 percent. Stratos Athanassiades of Red Oak originated the loan, which was underwritten by Thomas Gorski and administered by James Myatt. The borrower, Clayton Realco LLC, is a private investor group that owns and operates 12 senior living communities. Built in 1999, Cottages of Clayton features seven cottage-style buildings with 90 studio units. Each building contains its own kitchen, laundry facilities and resident lounge areas. Amenities include a dining room, activity room, salon and outdoor spaces.

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AcquisitionsCompany NewsKentuckyRestaurantRetailSoutheastTop Stories

Yum Brands Agrees to Sell Pizza Hut in Two Separate Transactions Totaling $2.7B

by John Nelson

LOUISVILLE, KY. — Yum! Brands Inc. (NYSE: YUM), the Louisville-based operator of the Pizza Hut, Taco Bell and KFC franchises, has entered into an agreement to sell the Pizza Hut chain across two separate transactions with a combined value of $2.7 billion. LongRange Capital, a private equity firm based in Stamford, Conn., has agreed to purchase Pizza Hut outside of mainland China for approximately $1.5 billion. The company is financing its acquisition using funds from UBS Investment Bank. Yum China Holdings Inc. (NYSE: YUMC), which is based in Shanghai and was spun off from Yum! Brands in 2016, is acquiring the Pizza Hut holdings in mainland China for approximately $1.2 billion. Yum China says it is financing its acquisition using a combination of cash and debt financing. Yum! Brands announced in November that it began exploring strategic options for the Pizza Hut vertical. Founded in 1958, Pizza Hut is considered the second-largest pizza brand in the world with more than 15,500 restaurants in 108 countries globally and approximately $10 billion in annual system-wide sales, according to LongRange Capital. “Under LongRange and Yum China, Pizza Hut will be well-positioned for future growth with ownership that brings deep expertise in the restaurant …

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AcquisitionsDevelopmentMultifamilyRetailTexas

NewQuest Acquires Land for 334-Unit Apartment Community, Retail Center in Katy, Texas

by Taylor Williams

KATY, TEXAS — NewQuest has acquired land in the western Houston suburb of Katy for the development of a 334-unit apartment community and retail center. Of the 18.5 acres that the local developer purchased at the southwest corner of Morton and Porter roads, 11.8 will be dedicated to the development of the multifamily component, while the remainder will house the retail component. Designed by Meeks + Partners and developed by Pelican Builders, the apartments will come in one-, two- and three-bedroom floor plans and will have an average size of 865 square feet. Amenities will include a pool and multiple courtyards. The project’s retail component will comprise a 10,860-square-foot, multi-tenant building and five pad sites. Construction is expected to begin early next year.

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ARIUM-at-Greenwich-Place
AcquisitionsConnecticutMultifamilyNortheast

Partnership Buys Two Multifamily Properties in Greenwich, Connecticut for $356M

by Taylor Williams

GREENWICH, CONN. — A partnership between led by RMR Residential and which includes Chicago-based investment firm Heitman, has purchased two multifamily properties totaling 406 units in the southern coastal Connecticut city of Greenwich. The sales price was $356 million. ARIUM at Greenwich Oaks is a 30-acre, garden-style property that features 134 two-and three-bedroom units and amenities such as a pool, basketball and pickleball courts and a playground. ARIUM at Greenwich Place offers 272 one-, two- and three-bedroom units with private outdoor patios and balconies. The new ownership plans to make capital improvements to both properties.

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AcquisitionsNew JerseyNortheastRetail

Marcus & Millichap Brokers $3.9M Sale of Retail Strip Center in Pennington, New Jersey

by Taylor Williams

PENNINGTON, N.J. — Marcus & Millichap has brokered the $3.9 million sale of Cornerstone Court, an 18,284-square-foot retail strip center located in the Northern New Jersey community of Pennington. The two-story center was 77 percent leased at the time of sale to 11 tenants, with Dunkin’ and Subway serving as the anchors. The center’s second level also includes office space. Brent Hyldahl, Alan Cafiero and Seth Goldberg of Marcus & Millichap represented the seller in the transaction and worked with Marcus & Millichap’s David Cafiero and Damien Rance to procure the buyer. Both parties were New Jersey-based private investors that requested anonymity.

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AcquisitionsArizonaIndustrialWestern

CRG Sells Industrial Building at 1.2 MSF Cubes at Mesa Gateway in Arizona

by Amy Works

MESA, ARIZ. — CRG has completed the sale of Building C at The Cubes at Mesa Gateway, a 1.2 million-square-foot master-planned industrial park in Mesa. Will Strong, Molly Miller, Jack Stamets, Michael Matchett and Madeline Warren of Cushman & Wakefield represented the CRG in the transaction and procured the buyer, an undisclosed global alternative asset manager. Terms of the transaction were not disclosed. Located at 7111 S. Crismon Road, Building C sits on 268 acres and features state-of-the-art industrial space built to suit for an investment-grade tenant. The facility offers proximity to Phoenix-Mesa Gateway Airport, near-immediate access to Loop 202 and close connectivity to State Route 24.

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Oracle-Crossing-Oro-Valley-AZ.jpg
AcquisitionsArizonaRetailWestern

JLL Negotiates $53.8M Sale of Grocery-Anchored Retail Center Near Tucson

by Amy Works

ORO VALLEY, ARIZ. — JLL Capital Markets has negotiated the $53.8 million sale of Oracle Crossing, a 265,530-square-foot retail center located in Oro Valley, approximately six miles northwest of Tucson. Patrick Dempsey and Ross Jorgensen of JLL represented the sellers, entities doing business as Oracle Crossings LLC and Oracle and Magee LLC, in the transaction. The buyers were two entities doing business as Oracle Station LLC and Oracle Station I LLC. Built in 2006, Oracle Station spans 30 acres and is anchored by Sprouts Farmers Market. Other tenants at the center, which was 96 percent leased at the time of sale, include Kohl’s, El Charro Café, Pacific Dental, Dunkin’ Donuts, Carbon Health, Brake Max, O’Reilly Auto Parts and Smashburger. The property also features eight separate outparcels.

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AcquisitionsColoradoWestern

Pinnacle Real Estate Advisors Arranges Sale of 94,949 SF Plaza West at Aurora Town Center in Colorado

by Amy Works

AURORA, COLO. — Pinnacle Real Estate Advisors has arranged the sale of the 94,949-square-foot Plaza West at Aurora Town Center, a retail center located at 13670 E. Alameda Ave. in Aurora. Denver-based Arileus Capital sold the asset to Rio Capital Investments for an undisclosed price. Justin Krieger of Pinnacle Real Estate Advisors represented the seller in the off-market transaction. Situated on 7.8 acres, the Plaza West at Aurora Town Center features a multi-tenant shopping center anchored by Harbor Freight Tools, Dollar Tree and King Buffett and a freestanding single-tenant drive-thru building occupied by Starbucks Coffee.

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AcquisitionsArizonaIndustrialWestern

Cushman & Wakefield | PICOR Brokers Sale of 19,464 SF Industrial Building in Tucson

by Amy Works

TUCSON, ARIZ. — Cushman & Wakefield | PICOR has brokered the sale of a 19,464-square-foot industrial property located at 451 N. Bonita Ave. in Tucson. An entity doing business as EAW-451 LLC sold the property to Brickyard Investments LP for $2.8 million. Natalie Furrier and Greg Furrier with Cushman & Wakefield | PICOR represented the seller in the deal, while Pat Welchert of Alpha Commercial Real Estate Services represented the buyer.

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