Sunday, November 8, 2026
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Cerro-Mission-Viejo-CA
AcquisitionsCaliforniaOfficeWestern

Bolour Sells 71,464 SF Creative Office Building in Mission Viejo, California

by Amy Works

MISSION VIEJO, CALIF. — Bolour Associates has completed the disposition of Cerro, a Class A creative office property fronting Interstate 5 in Mission Viejo, for $23.9 million. The name of the buyer was not released. Situated on 3.8 acres at 27401 Los Altos, the four-story building offers 71,464 rentable square feet and ample free surface parking. Nearly half of the building’s leases represent credit tenant commitments by organizations, including Pulte Homes and the U.S. General Services Administration, with almost 70 percent of tenants leased through at least 2028. Since acquiring the building in 2018, Bolour completed a renovation, including a Wi-Fi enabled lobby and outdoor patio, elevator modernization, common area corridors and restrooms, and exterior hardscape and landscaping. Additionally, Bolour completed multiple speculative creative office suites, providing move-in-ready spaces. Simon Dillon, Justin Hill and Reid Weaver of CBRE are handling leasing for the property. Blake Bokosky and Will Poulsen of JLL served as investment sale advisors for the transaction.

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AcquisitionsArizonaRetailWestern

Mister Car Wash Acquires 23,550 SF Retail Building in Tucson, Arizona for $3.2M

by Amy Works

TUCSON, ARIZ. — Tucson-based Mister Car Wash has purchased a 23,550-square-foot retail property in Tucson from Oracle Partners for $3.2 million. The buyer plans to start redevelopment of the building, which was formerly occupied by BevMo, this quarter. The asset is situated on 1.6 acres at 46446 N. Oracle Road. Aaron LaPrise and Greg Furrier of Cushman & Wakefield | PICOR represented the buyer in the transaction. Furrier also represented the seller.

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4085-Cameron-Park-Dr-Cameron-Park-CA
AcquisitionsCaliforniaRestaurantRetailWestern

SRS Negotiates $2.7M Ground Lease Acquisition of Dutch Bros Property in Cameron Park, California

by Amy Works

CAMERON PARK, CALIF. — SRS Real Estate Partners has arranged the ground lease (land ownership) acquisition of a Dutch Bros asset in Cameron Park, a suburb of Sacramento, Calif. An Oregon-based investment group sold the building to a Sacramento-based private investor for $2.7 million. Dutch Bros occupies the 950-square-foot property on a new 15-year, absolute triple-net corporate-guaranteed lease. Built in 2024, the asset is located at 4085 Cameron Park Drive. Alexander Moore of SRS Capital Markets represented the buyer, which completed a 1031 exchange, in the transaction.

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AcquisitionsColoradoIndustrialWestern

Newmark Brokers $1.4M Sale of Industrial Building in Denver

by Amy Works

DENVER — Newmark has directed the sale of an industrial property at 6580 Federal Blvd. in Denver. Joseph Bogetich and Larry Brand sold the asset to 6580 Federal LLC for $1.4 million. Located at 6580 Federal Blvd., the building offers 5,288 square feet of industrial space. John Gustafson of Newmark represented the seller, while Engel & Volkers Denver represented the buyer in the deal.

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IllinoisLoansMidwestMultifamily

Habitat Receives $72.9M Loan, $29.5M in Equity to Refinance Columbus Plaza Apartments in Chicago

by Kristin Harlow

CHICAGO — Habitat has received a $72.9 million Freddie Mac loan plus $29.5 million in equity from New York-based Torchlight Investors for the refinancing of Columbus Plaza in downtown Chicago. Torchlight Investors joins Habitat as an equity partner in the apartment property, which rises 47 stories with 534 units. Northmarq arranged the Freddie Mac loan. The refinancing replaces a $93 million loan from 2017 that matured in November. The new loan and capital structure enable Habitat and its partners to plan renovations and other capital improvements. Completed in 1980, Columbus Plaza comprises studio, one- and two-bedroom units. Monthly rents average from $1,700 to $3,350. The building was 95 percent leased at the time of loan closing. Onsite amenities include a fitness center, sunroom, business lounge, patio and bicycle storage. Located on East Wacker Drive, the asset features views of Lake Michigan and the surrounding downtown cityscape. Habitat was the original developer of the building and continues to serve as property manager.  

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DevelopmentMidwestMultifamilyOhio

Continental, Hallmark Develop 262-Unit Luxury Apartment Community in Toledo, Ohio

by Kristin Harlow

TOLEDO, OHIO — Continental Real Estate Cos. and Hallmark Communities have completed development of Colony Lofts, a 262-unit luxury apartment community in Toledo. Coastal Ridge is the property manager. Amenities include a resort-style pool, grilling stations, fitness center, business center, clubhouse and coffee bar. The property also features retail spaces, electric vehicle charging stations and an onsite restaurant, the newest outpost of Central Ohio staple The Old Bag of Nails Pub. Colony Lofts is located near ProMedica Toledo Hospital and the University of Toledo. Monthly rents for studios start at $964, according to the property’s website. Residents can earn one month of free rent by moving in prior to April 15.

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AcquisitionsIndustrialMidwestWisconsin

Zilber Acquires 363,000 SF Industrial Building in Beloit, Wisconsin

by Kristin Harlow

BELOIT, WIS. — Zilber Property Group has acquired a 363,000-square-foot industrial building in southern Wisconsin’s Beloit for an undisclosed price. Located at 1405 Gateway Blvd. in the Gateway Business Park, the property is home to Pratt Industries’ Beloit Corrugating operations. Pratt manufactures recycled containerboard, corrugated sheets and related packaging containers, and maintains facilities throughout the U.S. The Beloit facility, which was constructed in 2016, is situated at the intersection of I-90 and I-43 near the Wisconsin-Illinois state line. It supplies Pratt’s customers throughout the Great Lakes and Upper Midwest regions. Peter Loehrer, Mark Kolsrud, Tom Shepherd and Jennifer Huber-Bullock of Colliers represented the undisclosed seller. Zilber currently owns and manages 15 industrial properties totaling roughly 3.8 million square feet in Wisconsin’s Rock County.  

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DevelopmentIllinoisLife SciencesMidwest

Skender Completes ULRI Materials Discovery Research Institute in Skokie, Illinois

by Kristin Harlow

SKOKIE, ILL. — Skender has completed construction on the interior build-out of the 19,366-square-foot Materials Discovery Research Institute (MDRI) lab for UL Research Institutes (ULRI), a global safety science leader. The lab is located within the Illinois Science + Technology Park at 8045 Lamon Ave. in Skokie. Designed as an incubator for scientific innovation where students and early-career researchers can work alongside seasoned experts, the MDRI lab harnesses advanced computing and experimental methods to create innovative materials for renewable energy and environmental sustainability. The build-out included joining multiple lab sections within a secure envelope, retrofitting existing labs and adding specialized laboratories. The space features a gas adsorption lab with significant lab gas infrastructure, an automation lab and a battery characterization lab. The project team included architect Harley Ellis Devereaux, Affiliated Engineers Inc. and Project Management Advisors Inc. Construction lasted 30 weeks. Skender is now underway on the project’s next phase, the design-build of a scanning electronic microscope capable of viewing down to 1 nanometer.

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Affordable HousingIndianaLoansMidwestMultifamily

BWE Arranges $10.8M in Financing for Two Affordable Housing Properties in Indiana

by Kristin Harlow

FOWLER AND RENSSELAER, IND. — BWE has arranged a $10.8 million USDA RHS 538 GRRHP loan to provide permanent financing for the renovation of two affordable housing properties totaling 132 units in Indiana. Madison Cottages of Benton County, located in Fowler, totals 61 units across eight buildings. Madison Cottage of Rensselaer features 71 units across 12 buildings. All of the units are reserved for tenants earning up to 60 percent of the area median income. Lundat Kassa and Bob Morton of BWE structured the loan with a 40-year term and amortization. The project received additional financing through the use of 4 percent Low-Income Housing Tax Credits provided by the Indiana Housing and Community Development Authority.

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AcquisitionsHealthcareOfficeSoutheastVirginia

KLNB Negotiates $7.9M Sale of Medical Office Building in Fairfax, Virginia

by John Nelson

FAIRFAX, VA. — KLNB has negotiated the $7.9 million sale of a multi-tenant medical office building in Fairfax, 14 miles outside Washington, D.C. Joe Friedman and Josh Norwitz of KLNB represented the seller and procured the buyer in the transaction. Both parties were not disclosed. Totaling 54,085 square feet, the property was 40 percent leased at the time of sale by medical tenants including sports rehab, post-op rehab, dentistry and behavioral health groups. Located at 8500 Executive Park Ave., the property is situated in a medical office cluster near major healthcare facilities such as Children’s National Hospital and Inova Fairfax Hospital.

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