Property Type

Priority Capital Advisory Secures $11.5M Loan for Recapitalization of Wisconsin Multifamily Property

by Kristin Harlow July 9, 2026

MADISON, WIS. — Priority Capital Advisory has secured an $11.5 million senior loan on behalf of REALM and OTR Real Estate for the recapitalization of Vivo Madison, a 153-unit multifamily property located at 517 Grand Canyon Drive in Madison. The joint venture acquired the property, which was a Radisson hotel at the time of acquisition, in April 2023 and converted the hotel into a multifamily asset. The main scope of work included adding kitchenettes in all units and building out common area amenities. The property received its multifamily Certificate of Occupancy in January 2026 and is currently 56 percent leased, with full occupancy anticipated by the end of this year. Vivo Madison features 147 studios and six one-bedroom units. Amenities include a clubhouse, indoor pool, fitness center, game room, coworking space, laundry facilities and outdoor lounge areas. The two-story asset is situated on 4.5 acres adjacent to University Research Park, a 1.8 million-square-foot life sciences and technology corporate campus. It is also a 10-minute drive from the University of Wisconsin-Madison and is within walking distance of West Towne Mall.

July 9, 2026

Acquisitions Mississippi Retail Southeast

Newmark Arranges Sale of Whole Foods-Anchored Shopping Center in Jackson

by John Nelson July 9, 2026

JACKSON, MISS. — Newmark has arranged the sale of Highland Village, a 217,589-square-foot shopping center located at 4500 I-55 N in Jackson. Mississippi’s only Whole Foods Market anchors the 14.5-acre property, which was originally developed in 1960 and redeveloped in 2017 by the seller, WS Development. Charlotte-based Asana Partners purchased the shopping center for an undisclosed price. Conor Lalor of Newmark represented the seller in the transaction. Highland Village was approximately 90 percent leased at the time of sale to tenants including Free People, Kendra Scott, lululemon and Maison Weiss.

July 9, 2026

Acquisitions Multifamily Southeast Virginia

Berkadia Negotiates Sale of 20-Story High-Rise Apartment Tower in Arlington, Virginia

by John Nelson July 9, 2026

ARLINGTON, VA. — Berkadia has negotiated the sale of The Commodore, a 20-story high-rise apartment tower located at 2055 15th St. N in Arlington. GID purchased the community for an undisclosed price. Brian Crivella, Yalda Ghamarian, Bill Gribbin and Jack Canepa of Berkadia represented the seller, Charleston-based Greystar, in the transaction. Built in 2023 in Arlington’s Court House neighborhood, The Commodore features 423 luxury apartments and 18,461 square feet of ground-level retail space. Units come in studio, junior one-bedroom, one-bedroom, junior two-bedroom, two-bedroom, two-bedroom den and penthouse layouts. Amenities include a clubroom, demonstration kitchen, coworking spaces, fitness center and yoga studio, children’s art studio, pet spa, resort-style pool, rooftop terrace, landscaped courtyards and multiple indoor-outdoor gathering spaces.

July 9, 2026

Acquisitions Mississippi Retail Southeast

Marcus & Millichap Brokers Sale of 99,097 SF Shopping Center in Grenada, Mississippi

by John Nelson July 9, 2026

GRENADA, MISS. — Marcus & Millichap has brokered the sale of Riverbirch Plaza, a 99,097-square-foot shopping center located at 1201-1231 Sunset Drive in Grenada, which is roughly midway between Jackson, Miss., and Memphis via I-55. Built in 1976, the shopping center is situated on 9.5 acres and was fully leased at the time of sale to 11 tenants, including Harbor Freight, Dollar General and The UPS Store. Mickey Davis, Chris Leppanen and Davis Owen of Marcus & Millichap represented the seller, Action Properties, which has owned Riverbirch Plaza for the past 12 years. Davis, who is Marcus & Millichap’s broker of record in Mississippi, also procured the locally based buyer, Delta Farms LLC.

July 9, 2026

Development District of Columbia Multifamily Southeast

NMHC Survey: Builders, Developers Optimistic About Long-Term Multifamily Construction Activity

by John Nelson July 9, 2026

WASHINGTON, D.C. — Multifamily developers and construction firms surveyed by the NMHC are optimistic about long-term multifamily construction conditions. According to results of the June 2026 NMHC Quarterly Survey of Apartment Construction & Development Activity, 46 percent of respondents expect conditions to improve (or easier to build) over the next six to 12 months compared to 14 percent of survey takers who expect conditions to worsen. The rest of the respondents either chose conditions to remain the same (35 percent) or “don’t know” (5 percent). The optimism from the second-quarter survey could be in part due to the availability of financing. Fifty-one percent of survey takers expect equity to become more available (compared to 10 percent expecting equity to become less available) over the next six to 12 months, and 28 percent expecting debt financing to become more available (compared to 7 percent expecting debt financing to become less available). While the survey takers were overall hopeful, they are wary of rising construction costs. A majority of respondents (51 percent) expect material costs to rise in line with inflation over the next six to 12 months, while 27 percent expect material costs to increase faster than the rate of inflation. …

July 9, 2026

Acquisitions California Multifamily Western

Eagle Real Estate, Vistria Group Acquire 402-Unit Apartment Community in Garden Grove, California

by Amy Works July 9, 2026

GARDEN GROVE, CALIF. — Eagle Real Estate Partners and The Vistria Group have acquired Crystal View Apartments, a 402-unit mixed-income workforce housing community in Garden Grove. An undisclosed seller sold the asset for $132.5 million. Through the acquisition, Eagle and Vistria plan to extend affordability for 20 percent of the community’s units restricted to households earning up to 50 percent of area median income (AMI) and establish new long-term affordability restrictions for an additional 30 percent of units at 80 percent of AMI. Crystal View Apartments features garden-style units, 555 parking spaces, onsite resident services, a resort-style pool, fitness center and a sports complex. The property was built in 1968 and renovated in 2012. Geoff Boler and Jonathan Merhaut of Newmark handled the transaction.

July 9, 2026

Acquisitions California Industrial Office Western

CBRE Negotiates $45M Sale of Industrial Corporate Headquarters Facility in Carlsbad, California

by Amy Works July 9, 2026

CARLSBAD, CALIF. — CBRE has negotiated the $45 million sale of 2081 Faraday Avenue, an industrial corporate headquarters facility in Carlsbad. Majestic Asset Management acquired the property, which was fully leased at the time of sale, from an undisclosed investment and management company. Hunter Rowe, Barbara Perrier, Michael Longo and Matt Carlson of CBRE represented the seller in the deal. Val Achtemeier of CBRE Capital Markets Debt & Structured Finance secured financing for the buyer. Built in 1997, the 157,973-square-foot facility has undergone significant capital and tenant improvements, including “high-end” interior finishes and upgraded amenities designed to support corporate headquarters operations. Situated on 9 acres, the facility features a stadium-style LED video board, an outdoor sport court, 26-foot clear heights, heavy power and dock-high and grade-level loading.

July 9, 2026

Arizona Development Industrial Western

Provident Industrial Breaks Ground on 163,000 SF Distribution Facility in Tucson, Arizona

by Amy Works July 9, 2026

TUCSON, ARIZ. — Dallas-based Provident Industrial has broken ground on a 163,000-square-foot distribution facility in Tucson. The development, which will be named Valencia Airport Center, will be situated on 10 acres and is projected to cost $25 million. Valencia Airport Center will feature trailer parking, concrete truck courts and perimeter fencing with controlled access for enhanced security and operations. Occupancy is slated for the second quarter of 2027.

July 9, 2026

Acquisitions California Restaurant Retail Western

Marcus & Millichap Arranges $5.1M Sale of Single-Tenant Restaurant Property Near Los Angeles

by Amy Works July 9, 2026

WOODLAND HILLS, CALIF. — Marcus & Millichap has arranged the $5.1 million sale of a single-tenant restaurant building located approximately 26 miles northwest of downtown Los Angeles in Woodland Hills. Built in 1978, the 10,000-square-foot building is leased to full-service Mexican restaurant El Torito. Brandon Michaels of Marcus & Millichap marketed the property on behalf of the seller, an entity doing business as Kia Canoga Warner LLC, and procured the buyer, an undisclosed private investor.

July 9, 2026

Illinois Industrial Market Reports Midwest Midwest Market Reports

Chicago’s Next Industrial Opportunity Is Already Built

by Kristin Harlow July 9, 2026

By Maxx Kossof, The Missner Group Chicago’s industrial market is active — vacancy is low, rents are up and the construction pipeline remains substantial. But the market is not uniform. Smaller deals, in tighter locations and existing buildings, are moving. That segment has been underserved for some time, and that is starting to change. Big box is largely spoken for Chicago’s active construction pipeline is significant, but the majority of it is already committed. The large projects breaking ground are build-to-suit developments for specific users, including Kimberly-Clark, CJ Logistics and Walmart. Big speculative groundbreakings have been largely absent for some time, reflecting a period of softer leasing demand that is only now beginning to recover. That pipeline serves an important segment of the market, but a narrow one. Most tenants are not those users. They are regional distributors, light manufacturers and last-mile operators looking for 25,000 to 90,000 square feet in a location that works for their workforce and customers. For years, speculative development bypassed this segment in favor of larger tenants and higher absolute rents. That is beginning to shift. Infill is competitive When a well-located older building becomes available in Chicago, there is real competition for it. The …

July 9, 2026

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