Thursday, April 23, 2026
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Botanica-Cottages-Limerick-Pennsylvania
AcquisitionsMultifamilyNortheastPennsylvania

PPR Capital Management Buys 199-Unit Apartment Complex in Limerick, Pennsylvania

by Taylor Williams

LIMERICK, PA. — Pennsylvania-based private equity firm PPR Capital Management has purchased Botanica Cottages, a 199-unit apartment complex in Limerick, a northwestern suburb of Philadelphia. Built in 1999, Botanica Cottages offers one-, two- and three-bedroom units that are equipped with private entrances and attached garages. Amenities include a pool, spa, clubhouse and a fitness center. PPR acquired the property in partnership with Bel Canto Asset Growth Fund. The seller and sales price were not disclosed. The new ownership plans to implement a value-add program.

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110-High-Ridge-Road-Stamford
AcquisitionsConnecticutNortheastRetail

CBRE Negotiates Sale of 153,416 SF Shopping Center in Stamford, Connecticut

by Taylor Williams

STAMFORD, CONN. — CBRE has negotiated the sale of a 153,416-square-foot shopping center in Stamford, located in southern coastal Connecticut. Whole Foods Market and Saks OFF Fifth anchor the center at 110 High Ridge Road, which is a redevelopment of a former Lord & Taylor department store into a multi-tenant center. Jeffrey Dunne, David Gavin and Travis Langer of CBRE represented the seller, HBS Global Properties, in the transaction. The trio also procured the buyer, an entity doing business as 110 High Ridge Road LLC.

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AcquisitionsNet LeaseNortheastPennsylvaniaRetail

Marcus & Millichap Brokers Sale of 10-Store Dollar General Portfolio in Pennsylvania

by Taylor Williams

PENNSYLVANIA — Marcus & Millchap has brokered the sale of a portfolio of 10 Dollar General stores in Pennsylvania. The addresses were not disclosed, but the stores are all new construction and are operated under 15-year, triple-net leases. Don McMinn and Andrew Koriwchak of the Taylor McMinn Retail Group of Marcus & Millichap brokered the deal. The seller was a developer, and the buyer was an institutional investment firm. Both parties requested anonymity.

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Carillon-Belleview-Denver-CO
AcquisitionsColoradoMultifamilySeniors HousingWestern

MGL Partners Sells Carillon at Belleview Station Seniors Housing Property in Denver for $96M

by Amy Works

DENVER — MGL Partners has completed the sale of Carillon at Belleview Station, a seniors housing community in Denver. An institutional buyer acquired the property for $96 million as part of a multi-asset seniors housing portfolio. Located at 4855 S. Niagara St., Carillon at Belleview Station features 156 independent living, assisted living and memory care residences. Community amenities include a commercial kitchen and restaurant-style dining, a bistro, spa and wellness spaces and common areas designed to support comfort, connection and aging in place. The buyer purchased Carillon at Belleview Station alongside four other seniors housing properties across the country as part of a single portfolio transaction.

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Misora-Apts-San-Jose-CA
AcquisitionsCaliforniaMultifamilyWestern

Waterton Buys 212-Unit Misora Apartment Community in San Jose, California

by Amy Works

SAN JOSE, CALIF. — Chicago-based Waterton has acquired Misora, a mid-rise multifamily property at 388 Santana Row in San Jose. Terms of the transaction were not disclosed. Built in 2013, Misora offers 212 studio, one-, two- and three-bedroom units, with half of the layouts featuring a loft configuration or a den and select units including a private balcony. Waterton plans to upgrade residences to a modern finish level, including vinyl plank flooring, new lighting and plumbing fixtures, quartz countertops, new backsplashes and a new technology package. Stainless steel appliance packages and cabinets will be added as needed. Community amenities include a lap pool and spa, rooftop sundeck with barbecue and dining areas, a coworking lounge and conference center, a fitness studio, demonstration kitchen for community use and private underground parking. Waterton plans to update furniture and fixtures in the amenity spaces, add new flooring and equipment in the fitness center and reconfigure underutilized spaces.

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Thirty-03-Phoenix-AZ
AcquisitionsArizonaOfficeWestern

Newmark Brokers $32.2M Sale of Thirty 03 Office Tower in Midtown Phoenix

by Amy Works

PHOENIX — Newmark has brokered the sale of Thirty 03, a Class A office building located at 3003 N. Central Ave. in Phoenix. A Canada-based private buyer acquired the 26-story tower from Vancouver, Canada-based Balfour Pacific for $32.2 million. Barry Gabel, Chris Marchildon and CJ Osbrink of Newmark represented the seller in the deal. Offering 458,047 square feet of office space, Thirty 03 has undergone nearly $11 million in transformative capital improvements. Implemented in 2019, the plan included extensive lobby upgrades, full elevator modernization and speculative suites. At the time of sale, the building was 81 percent leased to a diverse mix of tenants spanning legal, healthcare, architectural, banking, government and professional services sectors.

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CivicDevelopmentNortheastPennsylvania

Mosaic Development Completes 88,000 SF Academic Project in Philadelphia

by Taylor Williams

PHILADELPHIA — Locally based firm Mosaic Development Partners has completed an 88,000-square-foot academic project for the School District of Philadelphia. The Alternative Middle Years at James Martin Middle School is a four-story building in the Port Richmond neighborhood that includes specialty art, science and technology labs and was designed to LEED Gold standards. Project partners included design firms KSS Architects and Moody Nolan and construction firm Daniel J. Keating Co.

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South-Central-Apts-LA-CA
CaliforniaDevelopmentLoansMultifamilyWestern

PSRS Arranges $8M in Construction Financing for Affordable Housing Development in Los Angeles

by Amy Works

LOS ANGELES — PSRS has arranged $8 million in construction financing for South Central Apartments, a multifamily development in Los Angeles. The ground-up construction project will feature 48 units fully dedicated to affordable housing. Securing the loan through a bank execution, Michael Warner of PSRS delivered a 65 percent loan-to-value structure featuring a two-year term with full-term, interest-only payments.

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DevelopmentIllinoisIndustrialMidwest

Logistics Property Co. to Build 443,160 SF Industrial Property in Schaumburg, Illinois

by Kristin Harlow

SCHAUMBURG, ILL. — Logistics Property Co. LLC (LogiPropCo) has purchased a 22-acre site in Schaumburg for the development of 390 O’Hare Logistics Park, a 443,160-square-foot industrial property across two buildings. Construction is expected to begin in July. Each 221,580-square-foot building will feature a clear height of 36 feet, 33 docks and parking for 140 cars. The site is within walking distance of the Schaumburg Metra stop and adjacent to a private lot with trailer parking for lease. The location offers immediate access to Route 390 and proximity to the Chicago O’Hare International Airport. Ben Fish and Vince Pergande of LogiPropCo worked with David Haigh and Nick Feczko of NAI Hiffman in sourcing the land. Haigh and Feczko will also serve as the project’s leasing agents. Arete Design Studio is the architect, and Manhard Consulting (Atwell) is the civil engineer. Completion is slated for the third quarter of 2027.

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AcquisitionsIndustrialMichiganMidwest

SRS Real Estate Brokers Sale-Leaseback of 277,425 SF Industrial Facility in Warren, Michigan

by Kristin Harlow

WARREN, MICH. — SRS Real Estate Partners has brokered the sale-leaseback of a single-tenant, 277,425-square-foot industrial facility located at 26661 Lipari Way in Warren. Built in 2006 and situated on 11.7 acres, the property serves as the headquarters and distribution site for Lipari Foods, a wholesale food distributor. Michael Carter and Frank Rogers of SRS represented Lipari Foods in the sale. The buyer was a private investment fund from New York City. Lipari Foods signed a new, corporate-guaranteed 15-year lease. The building features 28,000 square feet of office space and 205,000 square feet of temperature-controlled warehouse space, which includes nearly 23,000 square feet of dock space with a total of 30 dock doors.

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