Thursday, April 23, 2026
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Greg-Center-Sparks-NV
AcquisitionsIndustrialNevadaWestern

Equus Acquires Four-Building, 514,900 SF Industrial Portfolio in Sparks, Nevada

by Amy Works

SPARKS, NEV. — An affiliate of Equus Capital Partners has purchased Greg Center, a four-building industrial portfolio in Sparks, approximately four miles east of downtown Reno. The portfolio was acquired on behalf of a value-add fund sponsored by Equus. Terms of the transaction were not disclosed. Built between 1995 and 2000, the 514,900-square-foot portfolio includes two mid-bay buildings and two shallow-bay buildings with frontage on McCarren Boulevard and Greg Street. The buildings feature clear heights ranging from 20 to 28 feet and a mix of rear- and front-loading configurations. Suite sizes range from approximately 5,000 square feet to 73,000 square feet. Greg Center has averaged 95 percent occupancy over the past five years.

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Gateway-Center-Mission-Viejo-CA
AcquisitionsCaliforniaRestaurantRetailWestern

DJM Capital Sells Gateway Center Retail Property in Mission Viejo, California for $51M

by Amy Works

MISSION VIEJO, CALIF. — DJM Capital has completed the sale of Gateway Center, a retail property located in Mission Viejo’s master-planned community, to Asana Partners for $51 million. Located at 23972-24042 Alicia Parkway, Gateway Center features 79,108 square feet of retail space that is 97 percent occupied. Current tenants include Chase Bank, Starbucks Coffee, San Diego County Credit Union and Pacific Dental Services. Gleb Lvovich, Geoff Tranchina and Daniel Tyner of JLL Capital Markets represented the seller in the deal.

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Aurum-Apts-Fremont-CA
AcquisitionsCaliforniaMultifamilyWestern

Berkadia Arranges JV Equity Investor for 336-Unit Apartment Development in Fremont, California

by Amy Works

FREMONT, CALIF. — Berkadia has secured a joint venture equity partner on behalf of an institutional client for the development of Aurum, the final phase of a 966-unit multifamily project adjacent to the Warm Springs BART Station in Fremont. Brett Betzler and Kaohu Berg-Hee of Berkadia brokered the deal. Located at 3300 Innovation Way, Aurum will consist of a five-story, elevator-served building with 336 apartments and more than 600 structured garage parking spaces. Community amenities will include a fitness center, resort-style pool and approximately 4,900 square feet of ground-floor retail space. Completion is slated for 2027.

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AcquisitionsIndustrialNew YorkNortheastSelf-Storage

StorageMart Acquires Portfolio of 15 Self-Storage Facilities in New York City

by Taylor Williams

NEW YORK CITY — StorageMart has acquired a portfolio of 15 self-storage facilities totaling 25,498 units in New York City, where the Missouri-based owner-operator does business under the Manhattan Mini Storage brand. The portfolio, which also offers 121 parking spaces for vehicular storage, spans approximately 1.3 million net rentable square feet and includes facilities in Manhattan, Staten Island, Brooklyn and Queens. Eastdil Secured represented the undisclosed seller in the transaction and advised StorageMart in securing acquisition financing for the deal.

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902-W-Washington-St-Mission-Hills-CA
AcquisitionsCaliforniaRestaurantRetailWestern

Location Matters Negotiates $3.2M Sale of Single-Tenant Restaurant Property in Mission Hills, California

by Amy Works

MISSION HILLS, CALF. — San Diego-based Location Matters has negotiated the $3.2 million sale of a single-tenant restaurant property located in the San Diego neighborhood of Mission Hills. Situated at 902 W. Washington St., the 2,505-square-foot building is occupied by contemporary American restaurant Harley Gray Kitchen & Bar, which has operated at the site for 12 years. Mike Spilky of Location Matters represented both the seller and the buyer in the transaction. The buyer plans to reposition the space with a new restaurant concept.

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AcquisitionsIowaMidwestMinnesotaNebraskaRetail

Marcus & Millichap Brokers $41.6M Sale of Daycare Center Portfolio in Midwest

by Kristin Harlow

IOWA, MINNESOTA AND NEBRASKA — Marcus & Millichap has brokered the $41.6 million sale of the Yellow Brick Road Portfolio, a collection of 18 triple-net-leased early childhood development centers in Iowa, Minnesota and Nebraska. Spencer Berkley, Mark Ruble, Chris Lind, Zack House, Jon Ruzicka and Adam Lewis of Marcus & Millichap represented the sellers, Ben Ditzer and Bob Carlson of Triple Net Capital, and procured the buyer, a Florida-based real estate investment trust. The portfolio included a range of lease structures and ownership entities. Two additional assets were sold separately to private buyers prior to the sale of the remaining 18 properties.

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DevelopmentIllinoisLoansMidwestMultifamilySeniors Housing

Cambridge Realty Capital Provides $6.5M Construction Loan for Memory Care Addition in Pontiac, Illinois

by Kristin Harlow

PONTIAC, ILL. — Cambridge Realty Capital has provided a $6.5 million HUD Section 241(a) loan to finance the new construction of a 20-bed memory care addition to The Pointe at Pontiac, an existing 60-bed supportive living facility in Pontiac. Supportive living is the Illinois version of Medicaid Waiver Assisted Living, whereby the state provides Medicaid funding to seniors 65 and older who would otherwise not have the financial resources necessary to reside in an assisted living facility. Loan proceeds will be used to fund the new construction addition and to complete improvements and repairs to the existing building. Zach Scardina of Cambridge originated the nonrecourse loan, which features a fixed interest rate and interest-only payments and converts upon construction completion to a fixed-rate, 35-year, fully amortizing permanent loan. The borrower was an Illinois-based limited liability company.

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IndustrialLoansMichiganMidwest

Bernard Financial Group Arranges $3M in Financing for Flex Industrial Property in Auburn Hills, Michigan

by Kristin Harlow

AUBURN HILLS, MICH. — Bernard Financial Group (BFG) has arranged a $3 million permanent loan for a 64,000-square-foot flex industrial property in Auburn Hills. David Ruff of BFG arranged the loan on behalf of the borrower, K-S Group LLC. A life insurance company provided the loan.

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HospitalityLoansNortheastPennsylvania

Cronheim Arranges $28.5M Loan for Refinancing of Downtown Philadelphia Hotel

by Taylor Williams

PHILADELPHIA — Cronheim Hotel Capital, a division of New Jersey-based intermediary Cronheim Mortgage, has arranged a $28.5 million loan for the refinancing of the Renaissance Philadelphia Downtown hotel. The number of rooms was not disclosed. The hotel’s amenities include business and fitness centers, as well as meeting/event space and two onsite restaurants. The loan was structured with interest-only payments and a fixed interest rate. The direct lender and borrower were also not disclosed.

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