Property Type

Wood Partners Sells 278-Unit Alta Rise Multifamily Community in Gilbert, Arizona

by Amy Works May 29, 2026

GILBERT, ARIZ. — Wood Partners has completed the disposition of Alta Rise, an apartment property in Gilbert. Steve Gebing and Cliff David of Institutional Property Advisors (IPA), a division of Marcus & Millichap, represented the seller and procured the buyer in the deal. Terms of the transaction were not released. Completed in 2025, Alta Rise features 278 apartments with walk-in closets with built-in shelving, kitchens with quartz countertops, soft-close cabinetry and French door refrigerators. The four-story community includes a fourth-floor lounge and Skydeck, a bodega, speakeasy, lawn with yard games and a firepit, a multipurpose field, pickleball courts and a swimming pool and spa.

May 29, 2026

Colorado Hospitality Loans Western

Stout Street Hospitality Receives Refinancing for Magnolia Hotel Denver

by Amy Works May 29, 2026

DENVER — Stout Street Hospitality has closed on refinancing for Magnolia Hotel Denver, a Tribute Portfolio Hotel by Marriott, in downtown Denver’s central business district. Mike Huth, Wyatt Krapf and Henry Winchester of JLL Hotels & Hospitality secured the loan through PPM America for the borrower. Originally constructed in 1910 as a First National Bank facility, the property was converted to a boutique hotel in 1995. Magnolia Hotel Denver features 297 guest rooms and suites with 12-foot ceilings and expansive windows, more than 13,450 square feet of flexible meeting and event space across 12 distinct venues, including the 3,800-square-foot 17th by Magnolia ballroom with a 25-foot-tall glass atrium ceiling and art deco-inspired decor. Additionally, the hotel includes Harry’s restaurant and bar serving seasonal American cuisine for three meals daily. Magnolia Hotel Denver serves as Stout Street Hospitality’s flagship property with the company’s corporate headquarters located in the building.

May 29, 2026

Acquisitions California Industrial Self-Storage Western

Bancap Self Storage Group Brokers Sale of Two Properties Totaling 315 Units in Corning, California

by Amy Works May 29, 2026

CORNING, CALIF. — Bancap Self Storage Group has arranged the sale of two self-storage properties operated together in Corning. A private family trust sold the assets to a local group for an undisclosed price. Dean Keller of Bancap Self Storage Group represented the seller in the transaction. Airport Mini Storage and Affordable Mini Storage offer a combined nearly 52,000 net rentable square feet with 315 units. At the time of sale, the portfolio was fully occupied.

May 29, 2026

Acquisitions Arizona Retail Western

Marcus & Millichap Arranges $9.7M Sale-Leasebacks of Two Car Washes in Arizona

by Amy Works May 29, 2026

TUCSON AND GLENDALE, ARIZ. — Marcus & Millichap has negotiated the sales of two single-tenant Super Star Car Wash properties in Tucson and Glendale for a combined $9.7 million. Super Star Car Wash sold the assets to two separate buyers for a combined $9.7 million in sale-leaseback transactions. The Tucson property, located at 8690 E. Golf Links Road, sold for $4.7 million. Built in 2024, the 4,226-square-foot car wash sits on approximately 1.2 acres. The Glendale property, located at 5131 W. Olive Ave., sold for $5 million. Completed in 2025, the 4,620-square-foot asset occupies approximately 1.1 acres. Founded in 1993, Super Star Car Wash operates approximately 117 locations across Arizona, California, Colorado and Texas. Zack House, Mark Ruble and Chris Lind of Marcus & Millichap’s Phoenix office marketed the Tucson property on behalf of the seller and procured the buyer. In the Glendale deal, the team represented the buyer, a family trust, and the seller in the off-market sale.

May 29, 2026

Acquisitions Midwest Ohio Retail

Tanger Acquires Town Center at Levis Commons Near Toledo for $60M

by Kristin Harlow May 29, 2026

PERRYSBURG, OHIO — Tanger has acquired The Town Center at Levis Commons, a 300,000-square-foot mixed-use development in Perrysburg, about 10 miles south of Toledo. The purchase price was $60 million. Developer and owner Hill Partners, which has managed, leased and owned Levis Commons since its opening in 2004, was the seller. Situated at the entrance of J. Preston Levis Commons, a 400-acre master-planned community, The Town Center at Levis Commons features more than 60 retailers and restaurants, a Cinemark movie theater and 69,000 square feet of office space. Tenants include Sephora, Shake Shack, Anthropologie, lululemon, J. Crew Factory, Athleta, drybar, Soma, Chico’s, Arhaus and Books-A-Million.

May 29, 2026

Development Illinois Midwest Office

Partnership to Undertake $25M Renovation of Historic Jewelers Building in Chicago

by Kristin Harlow May 29, 2026

CHICAGO — Clayco, CRG, The Prime Group Inc. and TP Management Co. (TPM) have unveiled plans to complete a $25 million renovation of the historic Jewelers Building at 35 E. Wacker Drive in Chicago. The project will introduce a fine dining restaurant, lobby and rooftop bars, expanded fitness and wellness amenities and a reimagined conference, event and coworking space to the office property. Planned renovations will honor the building’s Beaux-Arts character. Roanoke Hospitality Group, an affiliate of The Prime Group, will operate and manage the new food-and-beverage offerings, which will be open to the public. Construction will begin in fall 2026, with the new restaurant and bar concepts slated to open in 2027. TPM is an investor in the project and will continue to participate in the ongoing management and long-term enhancement of the asset while cording capital support for future improvement and repositioning initiatives. Designed by Joachim Giaver and Frederick Dinkelberg, the Jewelers Building is recognized by the National Register of Historic Places as part of the Michigan-Wacker Historic District. Upon completion in 1927, the 40-story building was the world’s tallest outside of New York City. It was designated a Chicago landmark in 1994.

May 29, 2026

Acquisitions Indiana Midwest Retail

Encore Brokers $13.8M Sale of Shopping Center in Mishawaka, Indiana

by Kristin Harlow May 29, 2026

MISHAWAKA, IND. — Encore Real Estate Investment Services has brokered the $13.8 million sale of Town & Country Shopping Center, a 382,139-square-foot power center situated on 40 acres in Mishawaka. The grocery-anchored property is home to a mix of national, regional and local tenants. Noah Dalaly and Danny Samona of Encore represented the buyer, a California-based investment firm, and the seller, a private family office in Lugano, Switzerland.

May 29, 2026

Development Industrial Texas

RoyOMartin Underway on $115M Manufacturing Expansion Project in Corrigan, Texas

by Taylor Williams May 29, 2026

CORRIGAN, TEXAS — RoyOMartin, a provider of plywoods, timbers and boards, is underway on $115 million manufacturing expansion project in Corrigan, about 100 miles northeast of Houston. The project involves the construction of a 370,400-square-foot facility that will complement RoyOMartin’s existing, 407,125-square-foot plant. The new facility is expected to account for the creation of about 120 new jobs and to increase RoyOMartin’s total production capacity across its 150-acre campus by 70 percent.

May 29, 2026

Affordable Housing Development Multifamily Texas

Partnership Opens $24.3M Affordable Housing Complex in South Austin

by Taylor Williams May 29, 2026

AUSTIN, TEXAS — A partnership between SGI Ventures and the Austin Housing Finance Corp. has opened The Roz, a $24.3 million affordable housing complex on the city’s south side. The four-story building houses 100 units that are reserved for households earning between 30 and 60 percent of the area median income, with select units earmarked for formerly homeless individuals. The Federal Home Loan Bank of Dallas provided a $2 million grant as part of the financing package for The Roz.

May 29, 2026

Acquisitions Hospitality Texas

Marcus & Millichap Brokers Sale of 204-Site RV Park in Midland, Texas

by Taylor Williams May 29, 2026

MIDLAND, TEXAS — Marcus & Millichap has brokered the sale of a 204-site RV park in the West Texas city of Midland. RV Midland was built on a seven-acre site in 2018 and includes nine acres for future expansion. Skyler Henderson and Brad Dorsey of Marcus & Millichap represented the Louisiana-based seller and procured the California-based buyer, both of which requested anonymity, in the transaction.

May 29, 2026

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