Property Type

Dowd Cos. Brokers $5.6M Sale of Shopping Center in Clarksville, Tennessee

by John Nelson January 15, 2026

CLARKSVILLE, TENN. — The Dowd Cos. has brokered the $5.6 million sale of Clarksville Square, an 89,924-square-foot shopping center located at 1041 Riverside Drive in Clarksville, approximately 50 miles north of Nashville. John Dowd and Theresa Johnson of Dowd Cos. represented the undisclosed seller in the transaction. The buyer was a locally based investor. Built in 1967, Clarksville Square was fully leased at the time of sale to tenants including Dollar Tree, Big Lots and Farmers Home Furniture. The shopping center includes a retail outparcel leased to O’Reilly’s Auto Parts that was included in the sale.

January 15, 2026

California Development Retail Western

Federal Realty Underway on Redevelopment of 925,000 SF Shopping Center in La Mesa, California

by Amy Works January 15, 2026

LA MESA, CALIF. — Federal Realty Investment Trust is underway on the redevelopment of Grossmont Center, a 925,000-square-foot shopping center located in the San Diego suburb of La Mesa. The first phase of the multi-year renovation will include façade upgrades for storefronts; updated landscaping and greenery; enhanced common areas with new outdoor seating; and improvements to pedestrian foot traffic routes, lighting and overall visibility. Completion of Phase I is anticipated for October 2026. All existing businesses will remain open throughout construction. Federal Realty Investment Trust acquired Grossmont Center in 2021. Tenants at the 64-acre property consist of Barnes & Noble, Bath & Body Works, BJ’s Restaurant & Brewhouse, Chuck E. Cheese’s, Chuze Fitness, Cold Stone Creamery, CVS Pharmacy, Famous Footwear and Jamba Juice.

January 15, 2026

Acquisitions California Development Multifamily Western

JPI Closes on Development Site for 394-Unit Multifamily Project in Murrieta, California

by Amy Works January 15, 2026

MURRIETA, CALIF. — JPI has closed on Parcel A at the intersection of Jefferson Avenue and Murrieta Hot Springs Road in Murrieta for the development of a multifamily property. Slated for delivery in second-quarter 2028, the four-story, garden-style community will feature 394 one-, two- and three-bedroom apartments, a fitness center with indoor workout space and stretching room, resident clubhouses and a covered logia with various lounge spaces, TVs and games. Additional amenities will include swimming pools, a lap pool, two hot tubs, multiple private cabanas, an outdoor kitchen with barbecues, outdoor fireplaces, community co-workspace, a pet spa, a large dog park, bicycle storage and repair space and electric vehicle parking.

January 15, 2026

Acquisitions Arizona Multifamily Western

Bascom Group Acquires Value-Add Multifamily Community in Tucson for $53.4M

by Amy Works January 15, 2026

TUCSON, ARIZ. — Bascom Arizona Ventures, an affiliate of Irvine, Calif.-based The Bascom Group, has acquired The Retreat at Speedway in Tucson for $53.4 million via a value-add investment fund. The seller was Wiedner Apartment Homes. Institutional Property Advisors, a division of Marcus & Millichap, arranged the deal on behalf of Wiedner, as well as a loan from BrightSpire Capital Acquisitions LLC. Arizona-based property manager Bryten Real Estate Partners will manage the property. Built in 2001, the two-story Retreat at Speedway is comprised of one- and two-bedroom floor plans and amenities such as a pool, hot tub, fitness center and a clubhouse. Bascom is planning to renovate the amenity spaces and units.

January 15, 2026

Acquisitions California Retail Western

New York Life Real Estate Investors Sells 107,028 SF Office Campus in Irvine, California

by Amy Works January 15, 2026

IRVINE, CALIF. — New York Life Real Estate Investors has completed the sale of Centerstone Plaza, a suburban office campus in Irvine, to LCBC Development for $32 million. Located on 6.8 acres at 4000, 4010 and 4040 Barranca Parkway, the 107,028-square-foot Centerstone Plaza features two onsite restaurants and is surrounded by three retail centers offering more than 30 restaurants, three grocery stores, three gyms and an in-line shops. Additionally, Centerstone Plaza is proximate to the San Diego Freeway and the John Wayne Airport. Michael Leggett, Will Poulsen and Tim Donald of JLL represented the seller and procured the buyer in the deal.

January 15, 2026

Acquisitions Illinois Midwest Office Top Stories

Real Capital Solutions Acquires Chicago Office Tower for $132.5M

by Hayden Spiess January 15, 2026

CHICAGO — Real estate investment firm Real Capital Solutions (RCS) has acquired 401 N. Michigan Ave., a Class A office tower in Chicago, for $132.5 million. Situated on the Chicago River’s north bank along the city’s Magnificent Mile, the property totals 35 stories and 747,522 square feet. According to RCS, the acquisition price represents a 77.8 percent discount relative to replacement cost. The seller was not disclosed, but Crain’s Chicago Business reports that a joint venture led by locally based Walton Street Capital sold the tower. The news outlet also reports that the transaction represents the highest sales price for a Chicago office tower since 2022. 401 N. Michigan was roughly 87 percent leased at the time of sale. Tenants of the building include the Accreditation Council for Graduate Medical Education, the American Dental Association, Scion and private equity firm BDT & MSD Partners. Since 2023, more than 275,000 square feet of leasing activity has been executed at the property. The building also recently underwent $17 million in renovations, including improvements to the lobby and amenity spaces. “The acquisition of 401 N. Michigan represents a rare opportunity to secure a top-performing, institutional office tower in an irreplaceable riverfront location,” says Adam Abeln, chief …

January 15, 2026

Acquisitions Industrial Texas

NorthPoint Development Buys Three Industrial Buildings Totaling 1 MSF in Brookshire, Texas

by Taylor Williams January 14, 2026

BROOKSHIRE, TEXAS — Kansas City-based investment firm NorthPoint Development has purchased three industrial buildings totaling approximately 1 million square feet in Brookshire, a western suburb of Houston. The structures are Buildings 1,3 and 8 within Empire West, a 10-building, 3.9-million-square-foot development by Stream Realty Partners that is fully leased to tenants such as Pro Pac, Tesla, H-E-B and Ferguson Enterprises. All three buildings were completed between 2021 and 2025. Seth Koschak, Matteson Hamilton, Mustafa Ali, Adam Jackson and Justin Robinson of Stream, in coordination with Eastdil Secured, brokered the deal.

January 14, 2026

Acquisitions Industrial Life Sciences Loans North Carolina Southeast

Reports: Fortress Investment Buys Pokemon-Anchored Manufacturing Campus Near Raleigh for $226.5M

by John Nelson January 14, 2026

MORRISVILLE, N.C. — Fortress Investment Group has purchased a majority of Spark LS, a 106-acre life sciences campus in the Raleigh suburb of Morrisville, for $226.5 million, according to Triad Business Journal. The sale covers six parcels, including two new advanced manufacturing facilities, totaling 80 acres. The news outlet also reported the buyer secured an acquisition loan from Bank of America totaling $111.1 million. In December, the seller, affiliates of Starwood Capital Group and Trinity Capital Advisors, signed a nearly 1.3 million-square-foot lease with Millennium Print Group for 20 years, with a 20-year renewal option. Doug Cook of Cushman & Wakefield arranged the lease. The tenant is a subsidiary of The Pokemon Co. International and produces Pokemon playing cards. The company plans to occupy more than 400,000 square feet of existing space and a new ground-up building totaling 866,000 square feet that will deliver in 2027, according to a December press release from Trinity Capital. Triad Business Journal reports that the status of the construction and upfit for Millennium Print is “unclear” in light of the ownership change.

January 14, 2026

Acquisitions Florida Office Southeast

Cross Ocean, CP Group Acquire Central Florida Office Portfolio for $96M

by John Nelson January 14, 2026

ORLANDO, FLA. — Cross Ocean Partners and CP Group have acquired an eight-property office portfolio in Central Florida for $96 million. The properties span 722,456 square feet and include Central Fairwinds in downtown Orlando (169,600 square feet); 1101 Greenwood in Lake Mary (155,048 square feet); Research Commons and Tech Point I and II in Orlando (188,738 square feet); Ingenuity Point in Orlando (125,616 square feet); and University Tech Center in Orlando (83,454 square feet). The portfolio was 93 percent occupied at the time of sale to tenants including the U.S. Army Corps of Engineers, Fairwinds Credit Union, Siemens Energy, Galen College of Nursing, Abbott Rapid Dx, Health First and the U.S. General Services Administration (GSA). Robbie McEwan and Matt McCormack of JLL represented the undisclosed seller in the transaction. CP Group will retain JLL to oversee leasing across the portfolio.

January 14, 2026

Development Florida Hospitality Loans Southeast

PACE Loan Group Provides $32.2M C-PACE Loan for Hyatt House Hotel in Orlando

by John Nelson January 14, 2026

ORLANDO, FLA. — PACE Loan Group (PLG) has provided a $32.2 million C-PACE loan for the development of Hyatt House, a 274-room extended stay hotel located at 6469 Westwood Blvd. in Orlando. The borrower is a joint venture between New York-based firms GFI Hospitality and LCP Group. The C-PACE loan will cover energy efficient HVAC systems, elevators, windows, high-efficiency plumbing, lighting and mechanical systems. The hotel will have direct access to the Orange County Convention Center upon completion, as well as an onsite restaurant, bar and a fitness center. About 60 percent of the hotel rooms will come equipped with a full kitchen. Crescent Hotels will operate and manage the Hyatt House hotel upon completion. The project team includes general contractor Cleveland Construction and architect Behar Peteranecz Inc.

January 14, 2026

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