Property Type

Colliers Brokers Sale of 111,852 SF Shopping Center in Asheville

by John Nelson July 14, 2026

ASHEVILLE, N.C. — Colliers has brokered the sale of Westgate Shopping Center, a 111,852-square-foot shopping center located at 40 Westgate Parkway in Asheville. Built in 1956, Westgate is leased to Earth Fare, CVS, Crumbl Cookies, The UPS Store and other national and regional retailers. UNC Health purchased the shopping center from FIRC Group Inc. for an undisclosed price. Scott Israel of Colliers’ Atlanta office represented the seller in the transaction, while John Spake of Spake Real Estate represented the buyer.

July 14, 2026

Acquisitions Florida Office Southeast

NAI Hallmark Arranges $14.7M Sale of Butler Pointe Office Building in Jacksonville

by John Nelson July 14, 2026

JACKSONVILLE, FLA. — NAI Hallmark has arranged the $14.7 million sale of Butler Pointe, a five-story, 151,815-square-foot office building located at 4500 Salisbury Road in Jacksonville. Daniel Burkhardt, Keith Goldfaden and Alex Caliel of NAI Hallmark represented the seller, an entity doing business as Acorn Butler Pointe LLC, in the transaction. Fort Lauderdale, Fla.-based Gabriel Elkaim purchased the multi-tenant office building, which is situated on approximately eight acres in Jacksonville’s Southpoint submarket.

July 14, 2026

Illinois Loans Midwest Multifamily

JLL Secures $332M Refinancing for Luxury Multifamily Tower in Chicago

by Kristin Harlow July 14, 2026

CHICAGO — JLL Capital Markets has secured a $275 million refinancing and a $57 million mezzanine financing for NEMA Chicago, a luxury multifamily tower. Standing 76 stories and 893 feet tall, the property is Chicago’s tallest rental tower, according to JLL. Located at 1210 S. Indiana Ave. along Grant Park, NEMA Chicago includes 800 units. Architect Rafael Viñoly designed the property, which was completed in 2019. David Rockwell designed the interiors. NEMA Chicago features 70,000 square feet of amenity spaces, including indoor and outdoor pools, a full-size basketball court, squash court, boxing ring, golf simulator, movie theater and spa services. The building features 764 Signature Residences and 126 exclusive Skyline Collection units on the upper floors, which comprise private lobbies, dedicated concierge teams, 10-foot ceilings and access to the Vista Lounge and Skyline Terrace. Danny Kaufman, Medina Spiodic and Youngsoo Yang of JLL represented the borrower, Crescent Heights, in facilitating the five-year, fixed-rate loan through New York Life Insurance Co. JLL also arranged the mezzanine loan through PGIM’s real estate business.

July 14, 2026

Development Illinois Industrial Midwest

Mapletree Breaks Ground on 419,520 SF Spec Industrial Facility in Joliet, Illinois

by Kristin Harlow July 14, 2026

JOLIET, ILL. — Mapletree Investments has broken ground on a 419,520-square-foot speculative industrial facility in Joliet. Completion of the 29-acre project is slated for the first quarter of 2027. Situated along the I-80 and I-55 interchange, the development will provide direct connectivity to the Joliet Intermodal Center, North America’s largest inland port that is home to the Union Pacific and BNSF Joliet Intermodal Terminals. The property will feature a clear height of 40 feet, 78 dock doors, four drive-in doors, 172 car parking spaces and 97 trailer stalls. Singapore-based Mapletree currently owns and operates approximately 9.8 million square feet of industrial assets in Chicagoland. The group’s broader U.S. logistics footprint totals more than 60 million square feet. The project team includes Keeley Construction and Colliers.

July 14, 2026

Acquisitions Healthcare Industrial Midwest Minnesota Office

Transwestern Acquires Forte Real Estate Partners in Minneapolis

by Kristin Harlow July 14, 2026

MINNEAPOLIS — Transwestern has acquired Forte Real Estate Partners, a commercial real estate firm based in the Twin Cities. The transaction adds 12 healthcare, office and industrial tenant advisory team members and a broad property management portfolio. Established in 2021 through the merger of Excelsior Advisory and Paramount Real Estate Corp., Forte provides brokerage and property services across the Twin Cities region. Founders Steve Brown, Jim Jetland and Philip Simonet will join Transwestern, bringing decades of experience and knowledge across healthcare, office and industrial real estate, respectively. Forte has advised clients on more than $885 million in transactions and managed nearly 1 million square feet of commercial property. Following the acquisition, Transwestern maintains roughly 475 team members across the Midwest and oversees more than 52 million square feet of office, industrial, healthcare, retail and government properties. The Forte team will join Transwestern’s Minneapolis office at 705 Marquette Ave.

July 14, 2026

Acquisitions Midwest Retail Wisconsin

Hanley Investment Group Arranges Sale of Three O’Reilly Auto Parts Stores in Wisconsin

by Kristin Harlow July 14, 2026

WISCONSIN — Hanley Investment Group Real Estate Advisors has arranged the off-market sale of three single-tenant retail properties occupied by O’Reilly Auto Parts in Wisconsin. Eric Wohl and CJ Kiehler of Hanley, in association with ParaSell Inc., represented the seller, a Montana-based development company. The three buildings each total around 7,000 square feet and are located in Oshkosh, Pulaski and Middleton within the Fox Valley and greater Madison trade areas. As of March 31, O’Reilly Auto Parts operated 6,644 stores across 48 U.S. states, Puerto Rico, Mexico and Canada.

July 14, 2026

Acquisitions California Multifamily Western

Bascom Group Acquires Value-Add Apartment Community in Buena Park, California for $53M

by Amy Works July 14, 2026

BUENA PARK, CALIF. — The Bascom Group has acquired Castlewood Park Apartments, a 183-unit value-add multifamily property in Buena Park, for $53 million, or $290,301 per unit. Brian Eisendrath, Cameron Chalfant, Jesse Zarouk and Jake Vitta of Institutional Property Advisors (IPA), a division of Marcus & Millichap, arranged acquisition financing for the deal through Brightspire Capital. Kevin Green and Joe Grabiec of IPA represented the undisclosed seller in the deal. AMC will provide property management services for the community, while SD-Cap will oversee the planned property renovations. Originally constructed in 1963, Castlewood Park Apartments features 183 two-, three- and four-bedroom apartments, averaging 1,028 square feet, with garages for each unit and private yards for approximately 60 percent of the residences. Situated on 8.7 acres, the community features 46 buildings, two pools and a leasing center. Bascom plans to renovate the property with interior renovations, amenity enhancements and the addition of full-time on-site management to further improve the resident experience.

July 14, 2026

Acquisitions Arizona Multifamily Western

StreetLights Residential Sells 320-Unit Apartment Community in Gilbert, Arizona

by Amy Works July 14, 2026

GILBERT, ARIZ. — Dallas-based StreetLights Residential has sold The Tyler, a 320-unit apartment community in Gilbert, to Camden Property Trust for an undisclosed price. Asher Gunter, Matt Pesch and Austin Groen of CBRE represented the seller in the deal. Situated within the Agritopia master-planned community, The Tyler features studio, one-, two- and three-bedroom units with stone countertops, custom cabinetry, wood-style flooring, 10-foot ceilings, dine-in kitchen islands, built-in desks, in-unit washers and dryers and private balconies. Community amenities include a resort-style pool with cabanas, spa and fireplaces, greenhouse-style coworking space and conference room, demonstration kitchen, outdoor entertainment paseo with grilling stations and media lounges, a fitness center, electric vehicle charging stations, bike storage and a pet wash station.

July 14, 2026

Acquisitions California Mixed-Use Multifamily Retail Western

Marcus & Millichap Brokers $22M Sale of Mixed-Use Property in Pasadena, California

by Amy Works July 14, 2026

PASADENA, CALIF. — Marcus & Millichap has brokered the $22 million sale of 119 S. Los Robles Avenue, a mixed-use building in Pasadena. A company doing business as MLT VII LLC sold the asset to an undisclosed funding investment corporation. Built in 2015, the five-story property features 50 condominiums and 3,700 square feet of retail space. All units offer central air conditioning and heating, washer and dryer connections and stained concrete flooring. The controlled-access property features gated parking and an enclosed mail room. Tony Azzi and Rabbie Banafsheha of the Azzi Group of Marcus & Mililchap represented the seller in the transaction. Azzi and Banafsheha also collaborated with Arteen Zahiri and Ian Habbestad of Marcus & Millichap to procure the buyer.

July 14, 2026

California Development Industrial Western

Panattoni Development Co. Completes 95,000 SF Amazon Delivery Station in Redding, California

by Amy Works July 14, 2026

REDDING, CALIF. — Panattoni Development Co. has completed a 95,000-square-foot Amazon delivery station within Stillwater Business Park in the Northern California town of Redding. The logistics space is located at 5855 Venture Parkway. Panattoni worked in coordination with Shasta Economic Development Corp. and the City of Redding to deliver the facility within Stillwater Business Park.

July 14, 2026

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