Property Type

SummerHill Breaks Ground on 251-Unit Multifamily Property in San Carlos, California

by Amy Works July 13, 2026

SAN CARLOS, CALIF. — SummerHill Apartment Communities has broken ground on 11 El Camino Real, a 251-unit multifamily community situated on 2.2 acres in San Carlos, located about 23 miles south of San Francisco. Completion is slated for 2028. SummerHill is a subsidiary of Marcus & Millichap and is based in Palo Alto, Calif. Designed by KTGY, the project will feature studio through three-bedroom floor plans, and 38 affordable units will be reserved for a variety of income levels. Community amenities will include a pool, hot tub, landscaped courtyards, clubroom, fitness center, leasing office, resident lounge, bike room and mail room. The community is within about 1 mile of two Caltrain stations with commuter service throughout the Bay Area.

July 13, 2026

Acquisitions California Office Retail Western

NAI Capital Arranges $10.8M Sale of 24,670 SF Educational Facility in Irvine, California

by Amy Works July 13, 2026

IRVINE, CALIF. — NAI Capital Commercial has arranged the $10.8 million sale of 17872 Cowan, an educational facility in Irvine. Orange County Music & Dance (OCMD) acquired the property for $438 per square foot. The 24,670-square-foot facility will nearly double the nonprofit performing arts school’s instructional space, which includes OCMD’s existing campus at 17620 Fitch. Slated to open in November, the Cowan campus will feature five dance and rehearsal studios, 10 teaching studios, six music rehearsal rooms, a keyboard lab, advanced music production studio and flexible recital and performance spaces. The expansion will also support new early childhood, conservatory, world music and adult education programs. John Bosko of NAI Capital Commercial’s Investment Services Group represented the buyer in the deal. The name of the seller was not released.

July 13, 2026

Acquisitions California Industrial Western

All Access Rentals Buys 34,663 SF Industrial Property in North Hollywood

by Amy Works July 13, 2026

LOS ANGELES — All Access Rentals has purchased a 34,664-square-foot industrial property located at 11640 Hart St. in the North Hollywood neighborhood of Los Angeles. The sales price was $7.8 million. Chris Nelson, Jacob Castro and Ben Turner of Matthews brokered the deal. The name of the seller was not released. The property features M2 zoning, clear heights ranging from 24 feet to 38 feet, three grade-level loading doors and a secured fenced yard. All Access Rentals, a construction equipment rental company, will use the property to expand its footprint into the Los Angeles market.

July 13, 2026

Acquisitions Florida Industrial Southeast

JLL Arranges $56.1M Sale of Industrial Property Near Orlando Airport

by Abby Cox July 13, 2026

ORLANDO, FLA. — JLL Capital Markets has arranged the $56.1 million sale of Cypress Park, a 256,838-square-foot industrial property located along Satellite Boulevard in Orlando. Luis Castillo, Cody Brais, Taylor Osborne, David Orta Jr. and Mia Gian of JLL represented the seller, Herbert Management Corp., in the transaction. The buyer was Midtown Capital Partners. Situated directly off Florida’s Turnpike and U.S. Route 441 interchange near the Orlando International Airport, the five-building industrial property sits on roughly 23.4 acres and features 45 dock-high doors, 18 drive-in and grade-level doors, clear heights ranging from 20 to 22 feet and up to 100-foot truck court depths. At the time of sale, Cypress Park was 99 percent leased to 26 tenants across nine industries such as technology, manufacturing, building materials, construction, retail distribution, food-and-beverage, financial services and third-party logistics. Suite sizes range from 1,000 to 34,000 square feet.

July 13, 2026

Acquisitions Hospitality North Carolina Southeast Virginia

Ascendant Purchases Eight-Hotel Portfolio Across Virginia Beach, Outer Banks

by Abby Cox July 13, 2026

LOS ANGELES — Los Angeles-based Ascendant Capital Partners has acquired an eight-property hotel portfolio across Virginia Beach and North Carolina’s Outer Banks region. CBRE Hotels, the hospitality division of CBRE Group, represented the seller, Coastal Hospitality, in the transaction. CBRE also served as financial advisor on behalf of Ascendant. The sales price was not disclosed. Schulte Hospitality Group will assume operations of the portfolio. The portfolio comprises 965 rooms across six hotels in Virginia and two hotels in the Outer Banks. Seven of the eight properties are beachfront, with most rooms offering direct ocean views and outdoor balconies, while the remaining asset is a centrally located town center hotel. The properties include: Ascendant plans to implement capital and operational renovations across the properties.

July 13, 2026

Development Georgia Multifamily Southeast

Hanover Acquires Land Near Gas South Arena in Metro Atlanta, Plans 305-Unit Apartment Development

by Abby Cox July 13, 2026

DULUTH, GA. — Hanover Co. has acquired nearly eight acres in Duluth, a northeast suburb of Atlanta in Gwinnett County, for the development of Hanover Sugarloaf, a 305-unit multifamily community. The purchase price was $12.4 million. John Speros and JT Speros of Ackerman & Co., along with Kyle Gable of Gable Land Co. and David Branch of SSG Realty Partners, represented the seller, an entity doing business as SP Sugarloaf LLC, in the transaction. The property will be situated near the 118-acre Gas South District, which is anchored by Gas South Arena and the Gas South Convention Center, and adjacent to Sugarloaf Parkway Shopping Center. Hanover Co. plans to demolish the 56,000-square-foot vacant office building at the property to make room for multiple four- and five-story apartment buildings, which will also include parking. Further details of the project were not disclosed.

July 13, 2026

Leasing Activity Maryland Office Southeast

CP Group Signs 35,000 SF of Leases at CapRock Office Campus in Bethesda, Maryland

by Abby Cox July 13, 2026

BETHESDA, MD. — CP Group, along with a fund managed by DRA Advisors, has signed six leases over the past three months at CapRock, a 709,313-square foot office property located in Bethesda. Totaling approximately 35,000 square feet, the new tenants include nonprofit mechanical contractors’ organization MCA of Metropolitan Washington (12,295 square feet); coworking and private office provider Pioneer Office Suites (8,905 square feet); business management consultancy firm mPower Inc. (4,610 square feet); IMC Construction (3,478 square feet); satellite communications company Commcrete (3,807 square feet); and Haverford Construction Co. (2,780 square feet). Tenants were represented by agents from KLNB, Clarefield Partners, CBRE and TTA. Bernie McCarthy, Amanda Davis, Danny Sheridan and Patrick Hall of JLL represented CP Group in all transactions. Formerly known as Democracy Center, CapRock is a three-building, 10-acre campus that comprises two nine-story towers and one 15-story tower. CP Group recently completed renovations at CapRock’s 6903 building, including the rollout of its “worCPlaces” spec suite program, an entire seventh floor of move-in ready workspaces with shared amenities, such as a tenant lounge and break room. To date, CP Group has delivered more than 50,000 square feet of move-in-ready suites at CapRock across two phases. With nearly all the existing suites …

July 13, 2026

Affordable Housing Development Kansas Midwest Multifamily

Merchants Capital Arranges $10.8M in Financing for Affordable Housing Development in Kansas

by Kristin Harlow July 13, 2026

LAWRENCE, KAN. — Merchants Capital has arranged $10.8 million in permanent financing for Floret Hill, a 121-unit affordable housing development in Lawrence. Merchants Capital secured a Freddie Mac Unfunded Forward TEL loan for the project. The capital stack also includes federal and state low-income housing tax credit equity and hard and soft debt financing. The City of Lawrence donated 12 acres of land and committed more than $1 million in Affordable Housing Trust Funds to support the development. Floret Hill is the fourth project that Wheatland Investments Group is building in Lawrence and the first affordable housing community on the west side of the city, according to Merchants. Floret Hill will offer one-, two- and three-bedroom apartments across 11 buildings, with 37 units restricted to residents earning up to 40 percent of the area median income (AMI) and 84 units restricted to 60 percent AMI. Affordability will be maintained for 30 years via The Declaration of Land Use Restrictive Covenants for Low-Income Housing Tax Credits, a federal regulatory program with the Kansas Housing Resources Corp. Amenities will include garage parking, a business center, fitness room, clubhouse and playground.

July 13, 2026

Acquisitions Development Illinois Midwest Multifamily

CBRE Brokers $6.3M Sale of Multifamily Redevelopment Site in Chicago’s Wrigleyville

by Kristin Harlow July 13, 2026

CHICAGO — CBRE has brokered the $6.3 million sale of a 28,150-square-foot redevelopment site in Chicago’s Wrigleyville submarket. A joint venture between SNS Realty Group and North Park Ventures acquired the property at 3233-47 N. Sheffield Ave. and subsequently secured a zoning change to B2-5, clearing the way for a five-story apartment building with 99 units. CBRE’s Tom Svoboda and John Jaeger represented the seller. The site was previously home to Torstenson Glass Co., a family-owned manufacturer that operated at the facility for 116 years before selling its business and retaining ownership of the real estate.

July 13, 2026

Acquisitions Illinois Midwest Retail

Quantum Negotiates $5.8M Sale of Shopping Center in Aurora, Illinois

by Kristin Harlow July 13, 2026

AURORA, ILL. — Quantum Real Estate Advisors Inc. has negotiated the $5.8 million sale of a 23,000-square-foot shopping center located at 405 N. Eola Road in Aurora. The center consists of 13 suites and is home to local, regional and national tenants. Brett Berlin of Quantum brokered the transaction. A local investor sold the property to an owner, developer and manager focused on acquiring neighborhood strip centers.

July 13, 2026

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