Property Type

IPA Brokers Sale of Two Multifamily Communities in South Puget Sound Region

by Amy Works October 13, 2026

OLYMPIA, WASH. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of two apartment properties in Olympia. Hillsboro, Ore.-based Bender Equities sold the assets to FPA Multifamily for $43.7 million, or $154,417 per unit. Situated on more than 18 acres at 3000 Cardinal Drive NW, the adjacent properties include the 170-unit Evergreen Garden Apartments and the 113-unit Rock Maple Village Townhomes. Built in 1973, Evergreen Garden Apartments features 18 two-story residential buildings with a mix of one-, two- and three-bedroom apartments, a standalone clubhouse, an open park area with a basketball court, fenced children’s playground and covered barbecue and picnic area. Completed in 2004, Rock Maple Village features a mix of one-, two- and three-bedroom layouts spread across 10 two-story residential buildings. Community amenities include a children’s playground and picnic area, a basketball court and a large open lawn. Philip Assouad, Giovanni Napoli, Ryan Harmon, Nick Ruggiero and Anthony Palladino of IPA represented the seller and procured the buyer in the deal.

October 13, 2026

Acquisitions Industrial New Hampshire Northeast

Colliers Brokers $6.8M Sale of Industrial Flex Building in Nashua, New Hampshire

by Taylor Williams October 13, 2026

NASHUA, N.H. — Colliers has brokered the $6.8 million sale of a 45,650-square-foot industrial flex building in Nashua, located near the Massachusetts-New Hampshire border. According to LoopNet Inc., the building at 4 Bud Way was completed in 1978 and offers a clear height of 16 feet and four exterior dock doors. Andrew Robbins of Colliers represented the seller, Kelley Family Properties, in the transaction. Tyler Ewing of Hunneman represented the buyer, Sticks Investment Group.

October 13, 2026

Shea-Center-Industry-City-of-Industry-CA

California Development Industrial Western

Shea Properties Begins Construction on 118,232 SF Industrial Project in City of Industry, California

by Amy Works October 13, 2026

CITY OF INDUSTRY, CALIF. — Shea Properties has started construction on Shea Center Industry, a Class A industrial development in City of Industry. Totaling 118,232 square feet, Shea Center Industry will feature a 48,073-square-foot building and a 70,159-square-foot building, with 5,000 square feet to 7,000 square feet of office space. Completion is slated for late 2027. The buildings will feature 32-foot clear heights, ESFR fire suppression, grade-level and dock-high doors, dedicated office space and ample parking. Each building will have a fenced, private concrete yard with electric rolling gate operators.

October 13, 2026

Leasing Activity New York Northeast Office

Center for Justice Innovation Signs 34,300 SF Office Lease Expansion, Extension in Midtown Manhattan

by Taylor Williams October 13, 2026

NEW YORK CITY — The Center for Justice Innovation has signed a 34,300-square-foot office lease expansion and extension at 520 Eighth Avenue in Midtown Manhattan. The nonprofit organization has been a tenant at the 26-story building since 1999 and is relocating from three non-contiguous floors to a portion of the 18th floor and the entire 19th floor via a 20-year extension. Stephen Powers and Jake Cinti of OPEN Impact Real Estate represented the tenant in the lease negotiations. Matthew Mandell represented the landlord, GFP Real Estate, on an internal basis.

October 13, 2026

Acquisitions Industrial Self-Storage Washington Western

Marcus & Millichap Arranges Sale of 58,410 SF Pak-A-Nut Storage Facility in Northwest Washington

by Amy Works October 13, 2026

BELLINGHAM, WASH. — Marcus & Millichap has directed the sale of Pak-A-Nut Storage, a self-storage facility in Bellingham. A local private owner that built and self-managed the property for 20 years sold the asset to a Phoenix-based institutional self-storage owner for $8 million. Situated on 5.8 acres at 840 Marine Drive, Pak-A-Nut Storage offers 58,410 square feet of self-storage space and more than 2 acres of land with potential for future expansion. Public Storage will serve as third-party manager for the new ownership. Chris Secreto of Marcus & Millichap represented the seller and procured the buyer in the transaction.

October 13, 2026

Development Midwest Minnesota Multifamily

Ryan Cos. Opens Multifamily Project at Former Ford Motor Co. Twin Cities Assembly Plant

by Kristin Harlow October 13, 2026

ST. PAUL, MINN. — Ryan Cos. US Inc., in partnership with the Housing and Redevelopment Authority (HRA) for the City of Saint Paul, has opened The Albert and the adjacent Civic Square at Highland Bridge. The project is on the site of the former 122-acre Ford Motor Co.’s Twin Cities assembly plant. The nearly 3-acre block features The Albert, a 97-unit multifamily building with 8,500 square feet of ground-floor retail space alongside three standalone retail buildings totaling 13,500 square feet, and Tierra Encantada, a 13,000-square-foot daycare center. Civic Square serves as a public gateway connecting the Highland Park neighborhood to the heart of the broader Highland Bridge development. The Albert features amenities such as a clubroom, dog run, outdoor patio, fitness room, coworking enclaves, a roof deck patio and secure package room. The east side of The Albert incorporates the historic 1920s Ford assembly plant façade. The building was originally designed by legendary architect Albert Kahn. The initiative is a public-private partnership supported by the city and the HRA, which played a pivotal role in providing tax-increment financing (TIF) from existing TIF district budget savings.

October 13, 2026

Affordable Housing Development Iowa Midwest Multifamily

Annex Group Completes $62.9M Affordable Housing Development in Des Moines

by Kristin Harlow October 13, 2026

DES MOINES, IOWA — The Annex Group has completed Union at Rivers Edge, an affordable housing community in Des Moines with 216 units. The one-, two- and three-bedroom units are reserved for households earning at or below 60 percent of the area median income. Amenities at the $62.9 million project include a community center complete with a fitness center, business center and onsite leasing. Outdoor amenities include a playground, community terrace, dog walking area and parking. Residents will receive complimentary transit passes for the Des Moines Area Regional Transit Authority, which will have a bus stop adjacent to the development. Partners on the project include Civil Design Advantage as the civil engineer, ASK Studio as the architect, Summit LIHTC Consulting and Impact Housing Indiana. Affiliates of Annex Group completed construction and will provide property management services for the community. Financing partners include WNC for over $24 million in low-income housing tax credits equity, Cedar Rapids Bank and Trust for tax-exempt bond financing of over $32 million, Iowa Finance Authority for tax-exempt bond allocation and the City of Des Moines for tax-increment financing, tax abatement and $300,000 American Rescue Plan Act funds.

October 13, 2026

Acquisitions Illinois Midwest Multifamily

Kiser Group Brokers Sale of 345-Unit Apartment Community in Blue Island, Illinois

by Kristin Harlow October 13, 2026

BLUE ISLAND, ILL. — Kiser Group has brokered the sale of Blue Station Apartments, a 345-unit apartment community in Blue Island, 16 miles south of Chicago’s Loop. The property at 2130 W. 122nd St. was 96 percent occupied at the time of sale. Ownership has invested more than $3.5 million in capital improvements over the past four years. Lee Kiser and Kyle Sissell of Kiser Group represented the seller, Kinzie Assets. Michael Duckler represented the out-of-state buyer while affiliated with Interra Realty. Duckler now works for Greenstone Partners. The sales price was $22 million.

October 13, 2026

Illinois Leasing Activity Midwest Office

Sentinel Technologies Inks Full-Building Headquarters Lease in Lisle, Illinois

by Kristin Harlow October 13, 2026

LISLE, ILL. — Sentinel Technologies has signed a full-building headquarters lease totaling 63,409 square feet at Corporetum Office Campus X in Lisle. Sentinel will occupy the four-story building with its office, research and development, and technology lab functions under one roof. The company is expected to relocate in the first quarter of 2027 from its current headquarters in Downers Grove, approximately one mile away. The move marks Sentinel’s first headquarters relocation in more than 30 years. Jordan Decker and Brian Duffy of Stream Realty Partners represented Sentinel in the lease. David Florent and Brent Jacobs of Colliers represented the landlord, Napleton Automotive Group. As part of the new lease, the building will undergo significant capital improvements to support Sentinel’s operations and long-term occupancy.

October 13, 2026

Features Heartland Feature Archive Retail

Investors Are Hungry for Retail Deals, But Not Enough Assets Are for Sale to Satisfy Appetite

by Kristin Harlow October 13, 2026

A lack of quality inventory is one of the prominent factors shaping the retail investment sales landscape. Simply put, there is more capital seeking retail opportunities than there are assets available for purchase, says Michael Marks, executive director of retail capital markets with Cushman & Wakefield in Chicago. Strong leasing activity and rising rents are bolstering investor confidence in the retail market, he adds. Amid historically low vacancy, U.S. retail asking rents grew 2.2 percent year-over-year to $25.65 per square foot triple net, according to Cushman & Wakefield’s second-quarter report. Structural supply constraints continue to support sustained rent growth, as the development pipeline represents less than 0.3 percent of existing inventory. Retail investors are firmly in acquisition mode, according to JLL’s second-quarter U.S. report. In the first half of the year, retail investment sales volume reached $33 billion, up 14 percent year-over-year and the strongest first half since 2022. Evan Lyons, executive vice president with West Bloomfield, Michigan-based Encore Real Estate Investment Services, poses the question — where does the next wave of inventory for transactions come from? “Some will come naturally through ownership transitions, partnership changes, fund lifecycles and other reasons investors need to sell,” predicts Lyons. “Debt maturities …

October 13, 2026

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