Property Type

Northmarq Arranges $25.5M Sale of Manufactured Housing Community in Duluth, Minnesota

by Kristin Harlow July 7, 2026

DULUTH, MINN. — Northmarq has arranged the $25.5 million sale of Vintage Acres, a 300-site manufactured housing community with two apartments and 14 mini-storage units in Duluth. Anthony Pino, Ari Azarbarzin, Jamie Grant and Wallace Halpert of Northmarq represented the seller, GHI Investments. Dan Trebil and Logan McCarthy of Northmarq arranged Freddie Mac acquisition financing on behalf of the buyer, Legacy Communities MHP. The $14.5 million loan features a five-year term and a fixed interest rate. Built in 1985, Vintage Acres spans 93 acres and is more than 97 percent occupied.

July 7, 2026

Leasing Activity Midwest Office Ohio

CBRE Opens 19,500 SF Office in Downtown Columbus, Ohio

by Kristin Harlow July 7, 2026

COLUMBUS, OHIO — CBRE has opened its new 19,500-square-foot office on the fifth floor at 10 W. Nationwide Blvd., a trophy office building within the Arena District owned and developed by Nationwide Realty Investors in downtown Columbus. The firm has relocated from 200 Civic Center Drive. The new office is part of CBRE’s Workplace360 program, which showcases the company’s “Future of Work” space standards, including technology and collaborative spaces designed to support hybrid working. The office features several different work areas organized across six team “neighborhoods,” each offering a mix of individual and shared meeting and support spaces along with focus rooms, huddle rooms, conference rooms and project rooms. The office’s design draws inspiration from bespoke hotels and hospitality-focused experiences.

July 7, 2026

Acquisitions Kansas Leasing Activity Midwest Retail

Quilters HQ Relocates to 10,000 SF Store in Overland Park, Kansas

by Kristin Harlow July 7, 2026

OVERLAND PARK, KAN. — Quilters HQ, a family-owned and operated quilt shop, has relocated from Olathe to 9012 Metcalf Ave. in Overland Park. Daniel Brocato of Block & Co. Inc. Realtors represented Quilters HQ in the sale of its original location at 16175 W. 135th St. in Olathe as well as the lease for its new 10,000-square-foot building in the Block & Co.-managed Glenwood Plaza Shopping Center in Overland Park. The store is now open. Starfish Project Foundation, a local aid organization, will soon occupy Quilters HQ’s previous location in Olathe. To facilitate the successful completion of the transaction, Brocato and Starfish Project representative Karla Johnson of Keller Williams both donated a portion of their commissions. Due to tight timeline restrictions, Starfish Project will reside in a temporary location within Block & Co.-managed Blackbob Corners Shopping Center in Olathe provided by Brocato and David Block. The nonprofit is expected to move into its permanent location within the next few months.

July 7, 2026

Acquisitions California Industrial Western

Northwestern Mutual Sells 281,999 SF Barranca Business Park in Irvine, California

by Amy Works July 7, 2026

IRVINE, CALIF. — Northwestern Mutual has sold Barranca Business Park, a 281,999-square-foot industrial property in Irvine. Borstein Enterprises acquired the asset for an undisclosed price. Situated on 16.2 acres at 15281-15399 Barranca Parkway, the mid-bay industrial park features 13 buildings with units ranging in size from 8,523 to 30,495 square feet. At the time of sale, the asset was 87 percent occupied. Jeff Chiate, Rick Ellison, Matt Leupold and Aubrie Monahan of Cushman & Wakefield represented the seller and buyer in the transaction.

July 7, 2026

California Industrial Leasing Activity Western

Auto Parts Distributor Signs Full-Building Industrial Lease in Chino, California

by Amy Works July 7, 2026

CHINO, CALIF. — An undisclosed auto parts distribution company has signed a lease to occupy Building 3 within Chino South Industrial Center. Originally constructed in 2014 at 16380 Euclid Ave., the 522,267-square-foot property features 32-foot clear heights, dock-high loading and a large truck court. The facility is located Gus Andros of DAUM Commercial and Nathan Lara, Andrew Lara, Rudy Lara and Jack Nersesian of Lara CRE represented the tenant in the lease negotiations. Steve Bellitti, Tom Taylor, Joey Jones and Evelyn Manning of Colliers represented the landlord.

July 7, 2026

Acquisitions Arizona Industrial Western

Brandon Investments Acquires 51,786 SF Industrial Building in Tucson, Arizona

by Amy Works July 7, 2026

TUCSON, ARIZ. — An entity doing business as Brandon Investments LLC has acquired a 51,786-square-foot industrial building at 6701 S. Midvale Park Road in Tucson, from an entity doing business as 6701 S. Midvale Park LCC for $5.5 million. Stephen Cohen of Cushman & Wakefield | PICOR represented the buyer in the transaction, while Jesse Blum of CBRE represented the seller.

July 7, 2026

Acquisitions California Net Lease Retail Western

Hanley Investment Group Negotiates $4.6M Sale of Two-Tenant Retail Property in Victorville, California

by Amy Works July 7, 2026

VICTORVILLE, CALIF. — Hanley Investment Group Real Estate Advisors has negotiated the $4.6 million sale of a two-tenant retail property in Victorville. A Los Angeles-based private investor sold the asset to an undisclosed buyer. Located at 13720 Bear Valley Road, the 19,300-square-foot building was formerly occupied by Rite Aid and renovated in 2024. The property is currently leased to AutoZone and Dollar Tree on new 10-year triple-net leases. Bill Asher and Kevin Fryman of Hanley Investment Group represented the seller in the transaction.

July 7, 2026

Hospitality Market Reports Nevada Western Western Market Reports

Las Vegas Strip Isn’t Cooling — It’s Normalizing

by John Nelson July 7, 2026

— By Mike Mixer of Colliers — Recent headlines have pointed to a “cooling” of the Las Vegas Strip, with RevPAR down, visitation below peak levels and growth moderating from 2022 and 2023 highs. On paper, the numbers look softer. But before drawing conclusions, it’s important to consider how the data is being viewed as the comparisons most often used are distorted. The Pandemic was Not a Normal Cycle COVID-19 shut down the Strip in March 2020, an unprecedented event in modern history. Southern Nevada visitor volume dropped by more than 50 percent. Resorts closed, occupancy collapsed and revenues fell sharply. The 2021 to 2023 rebound that followed was equally unusual. Pent-up demand, stimulus liquidity and limited new supply drove record ADR growth and historic RevPAR levels. Both the downturn and the surge were outliers. When those years are used as a benchmark, today’s performance appears negative. In reality, it reflects normalization. Rates Remain Elevated Even with recent moderation, Strip ADR remains materially above pre-pandemic levels. Operators have maintained rate discipline and are not aggressively discounting to chase occupancy. That suggests stability rather than weakening demand. Capital Signals Confidence If the Strip were in decline, capital would be retreating. Instead, …

July 7, 2026

Development Massachusetts Mixed-Use Multifamily Northeast Office Retail Top Stories

Brookfield, New England Development Acquire Former Naval Station Near Boston, Plan Major Mixed-Use Project

by John Nelson July 7, 2026

WEYMOUTH, MASS. — A joint venture between New York City-based Brookfield Properties and Boston-based New England Development has purchased the site of the former South Weymouth Naval Air Station in metro Boston. The co-developers acquired the 1,400-acre site from Washington Capital Management for $65 million. Brookfield and New England Development are planning a mixed-use redevelopment that would include 6,500 housing units, along with about 2 million square feet of commercial and retail space. The project will span more than 1,400 acres across three municipalities — Weymouth, Rockland and Abington, Mass. The Weymouth City Council has unanimously approved the land reuse plan, which also was approved by the towns of Rockland and Abington. The State of Massachusetts has also expressed strong support for the redevelopment plan. The redevelopment will mark the largest residential and commercial project to date in Massachusetts, according to John Twohig, executive vice president of New England Development. In addition to the commercial and residential components, the proposed project will preserve more than 880 acres of open and restricted space that can be activated for both public recreational use and wildlife preservation. Situated about 16 miles south of Boston in Norfolk and Plymouth counties, the South Weymouth Naval …

July 7, 2026

Build-to-Rent Features Single-Family Rental

Build-to-Rent Thrives on Renter Retention

by Taylor Williams July 7, 2026

By Taylor Williams Whether by choice or necessity, the share of Americans who rent rather than own their homes is on the rise. Compared to the counterparts in the traditional multifamily space, owners and operators of build-to-rent (BTR) properties believe that they are in some ways better positioned to capitalize on this trend. And according to some professionals who own and operate these properties, resident retention is a powerful supportive factor behind this sentiment. Ty Robinson, president at Dallas-based ONM Living, the BTR division of HistoryMaker Homes, says that the majority of his company’s residents are experienced renters who are coming from traditional apartments. Robinson has observed that while these individuals may take longer to formally sign a lease for a BTR home than they would a regular apartment, all other factors being held equal, once they’re in, they tend to stick around. “Given the price point — we typically see premiums of 10 to 30 percent relative to traditional multifamily — and the weight of the decision, it often takes those people longer to commit, but they’re not as transient,” Robinson says. “These residents are staying longer, and as experienced renters, they don’t typically need as much oversight from …

July 7, 2026

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