Property Type

IPA Arranges $28M Sale of Park Encino Multifamily Property in Los Angeles

by Amy Works May 14, 2026

LOS ANGELES — Institutional Property Advisors (IPA) has arranged the $28 million sale of Park Encino, a 52-unit apartment property in the Encino neighborhood of Los Angeles. IPA’s Kevin Green, Joseph Grabiec and Gregory Harris represented the undisclosed seller and procured the buyer, locally based Universe Holdings Development. Completed in 2014, Park Encino is a gated community with a central courtyard, clubhouse, fitness center, patio and grill. The unit mix is comprised of two- and three-bedroom floor plans. Units feature washers and dryers and walk-in closets.

May 14, 2026

Acquisitions Multifamily New Jersey Northeast

ICON Real Estate Negotiates $11.2M Sale of Apartment Building in Chatham, New Jersey

by Taylor Williams May 14, 2026

CHATHAM, N.J. — Local brokerage firm ICON Real Estate Advisors has negotiated the $11.2 million sale of a 31-unit apartment building in the Northern New Jersey community of Chatham. The building at 49 S. Passaic Ave. offers studio, one- and two-bedroom units and amenities such as a fitness center and onsite laundry facilities. David Jarvis and David Oropeza of ICON brokered the deal. The seller was undisclosed, and the buyer, an entity doing business as Cornerstone 2025 LLC, purchased the asset via a 1031 exchange.

May 14, 2026

Arizona Development Retail Western

Seven New Tenants to Open at Verrado Marketplace Shopping Center in Metro Phoenix

by Amy Works May 14, 2026

BUCKEYE, ARIZ. — Seven new tenants will open this month at Verrado Marketplace, a 500,000-square-foot shopping center development located in Buckeye, approximately 35 miles outside Phoenix. The first wave of tenants includes Buckle, Ulta Beauty, Target, Bath & Body Works, Famous Footwear, Marshalls and HomeGoods. Target, which spans 148,000 square feet, will be the first anchor tenant to open at Verrado Marketplace on May 17. The next wave of tenants will debut in June, including Einstein Bros. Bagels, Elite Shutters & Blinds, Great Clips, Pacific Dental Services, NextCare Urgent Care, Paramount Hair Extensions and CityVet, followed by Ross Dress for Less in mid-July. Verrado Marketplace is projected to be fully open by January 2027 and will comprise more than 55 retailers, chef-driven restaurants and eateries, service-based tenants and the Harkins BackLot entertainment experience.

May 14, 2026

Acquisitions California Industrial Lee & Associates Western

Lee & Associates Brokers Sale of 20,142 SF Industrial Building in Carlsbad, California

by Amy Works May 14, 2026

CARLSBAD, CALIF. — Lee & Associates has negotiated the sale of an industrial property located at 3186 Lionshead Ave. in Carlsbad. The asset traded for $6.3 million. Situated within Carlsbad Raceway Business Park, the 20,142-square-foot property features a clear height of 24 feet, one dock well and two grade-level doors. At the time of sale, the property was partially leased. Rusty Williams, Chris Roth and Jake Rubendall of Lee & Associates — North San Diego County represented the seller, while Chris Vassilian of Lee & Associates Irvine represented the buyer in the deal.

May 14, 2026

Illinois Leasing Activity Midwest Office

Vedder Signs 163,000 SF Headquarters Lease Extension in Downtown Chicago

by Kristin Harlow May 14, 2026

CHICAGO — Vedder has signed a 163,000-square-foot headquarters lease extension at 222 N. LaSalle Street, a 26-story office building in downtown Chicago. Vedder signed a 12-year extension to maintain its global headquarters at the building through 2041. The law firm, which has been headquartered at 222 N. LaSalle since 1988, will continue to occupy 163,000 square feet across five floors. Tishman Speyer serves as property manager and leasing agent at the property and was internally represented by Ellen May, Steve Golz and Bella Rapken. Joe Learner and Adam Southard of Savills represented Vedder. The 1 million-square-foot property recently received renovations and is now 87 percent leased. The renovated lobby features new food-and-beverage options, and the Zo Clubhouse features a new outdoor patio. All tenants have access to Zo Clubhouse, Tishman Speyer’s amenity network. Originally constructed in 1926, the building features unobstructed views of the Chicago River, flexible floorplates and convenient transit access.

May 14, 2026

Development Hospitality Midwest Missouri Retail

Construction Begins on First Amusement Park Ride at Oasis at Lake of the Ozarks in Missouri

by Kristin Harlow May 14, 2026

OSAGE BEACH, MO. — Construction teams are now installing the first amusement park ride at Oasis at Lake of the Ozarks in Osage Beach. The family tower ride, named The Plunge, will lift riders 100 feet into the air to experience sweeping views of the lake before plunging them back down to the landing zone at high speeds. Standing as tall as the Natural Bridge at Ha Ha Tonka State Park in Camdenton, Mo., The Plunge will be one of the tallest structures in the area. The Plunge is one of 12 amusement rides planned for the Oasis Lake of the Ozarks entertainment destination. The amusement park, parking garage and boat slips are scheduled to open in spring 2027. The indoor water park and Marriott Resort & Conference Center will follow. When complete, Oasis Lake of the Ozarks will operate as a year-round destination featuring multiple restaurants and a wide range of attractions, including two roller coasters, a nearly 200-foot-tall observation wheel, the largest indoor water park in Missouri and a 401-room Marriott Resort.

May 14, 2026

Acquisitions Loans Michigan Midwest Multifamily

SF Capital Group Arranges $32M Acquisition Loan for Michigan Multifamily Property

by Kristin Harlow May 14, 2026

SHELBY TOWNSHIP, MICH. — SF Capital Group has arranged a $32 million loan for the acquisition of a 368-unit multifamily property in Shelby Township. Ryan Denomme of SF Capital arranged the nonrecourse bridge loan, which features three years of interest-only payments and future funding commitments. The undisclosed borrower plans to execute a property improvement and unit renovation plan.

May 14, 2026

Acquisitions Illinois Industrial Midwest

Realterm Acquires 28,985 SF Industrial Outdoor Storage Facility in Bridgeview, Illinois

by Kristin Harlow May 14, 2026

BRIDGEVIEW, ILL. — Realterm, an independent global investment manager focused on the transportation industry, has acquired 9655 Industrial Drive, an industrial outdoor storage maintenance facility in Bridgeview, a southwest suburb of Chicago. Located on a nearly 4-acre site, the 28,985-square-foot maintenance facility offers 10 oversized drive-in doors and a 6,000-square-foot office. The entire maintenance facility is leased to Carrier Corp., a subsidiary of the global HVAC and refrigeration solution provider. Matt Knafel of KWILL Real Estate represented Realterm in the sale.

May 14, 2026

Leasing Activity New York Northeast Office

Woori Bank New York Agency Signs 18,553 SF Office Lease in Midtown Manhattan

by Taylor Williams May 14, 2026

NEW YORK CITY — Woori Bank New York Agency, a Korea-based entity,has signed a 20-year, 18,553-square-foot office lease in Midtown Manhattan. The space spans the entire 38th floor at 1540 Broadway. Charles Han and Douglas Levine of Newmark represented the tenant in the lease negotiations. Clark Finney, Frank Doyle, Carlee Palmer and Michael Pallas of JLL, along with internal agent Allen Gurevich, represented the landlord, GFP Real Estate, which owns the building in partnership with BDT & MSD Partners.

May 14, 2026

Acquisitions Industrial New Jersey Northeast

Doors & Spaces Acquires 16,550 SF Industrial Facility in West Berlin, New Jersey

by Taylor Williams May 14, 2026

WEST BERLIN, N.J. — Doors & Spaces, an industrial investment firm focused on small-bay product, has acquired a 16,550-square-foot, shallow-bay facility in West Berlin, about 20 miles southeast of Philadelphia. According to LoopNet Inc., the five-unit facility at 432 Kelley Drive was built in 1986 and renovated in 1998. Brian Whitmer led the transaction for Doors & Spaces. The seller and sales price were not disclosed.

May 14, 2026

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