Property Type

Kiser Group Brokers $16.3M Sale of Chicago Multifamily Property

by Kristin Harlow July 29, 2026

CHICAGO — Kiser Group has brokered the $16.3 million sale of a 65-unit apartment building located at 4601-17 N. Dover St. in Chicago’s Sheridan Park neighborhood. The transaction marks the fifth consecutive sale of the property within a brokerage history spanning nearly three decades involving Kiser brokers. The property first traded for $1.9 million in 1998, followed by sales in 2000 ($3.2 million), 2007 ($7.4 million) and 2020 ($12.5 million). Kiser’s Jacob Price and Katie LeGrand brokered the latest sale. The property sold to a 1031 exchange buyer. The courtyard building features three studios, 45 one-bedroom units, 14 two-bedroom units and three three-bedroom residences. The asset was fully occupied at the time of sale. Approximately 75 percent of the apartments include private balconies. Amenities include a fitness center, landscaped courtyard and individual storage lockers.

July 29, 2026

Leasing Activity Michigan Midwest Retail

Rally House Signs 17,542 SF Retail Lease at Winchester Center in Rochester Hills, Michigan

by Kristin Harlow July 29, 2026

ROCHESTER HILLS, MICH. — Rally House has signed a 17,542-square-foot retail lease at Winchester Center in Rochester Hills. Greg Newman and Jason Orow of Keystone Commercial Real Estate arranged the lease. The center is home to retailers such as Dick’s Sporting Goods, Burlington and Marshalls. Rally House continues its expansion across Southeast Michigan, offering a selection of local, collegiate and professional sports merchandise.

July 29, 2026

Acquisitions Georgia Restaurant Retail Southeast

Sterling Acquires Whole Foods-Anchored Shopping Center in Metro Atlanta for $93.2M

by John Nelson July 29, 2026

MARIETTA, GA. — Sterling Properties has acquired Merchants Walk, a 271,992-square-foot shopping center in Marietta, a northern suburb of Atlanta. The West Palm Beach-based private equity real estate investment firm purchased the shopping center from Washington, D.C.-based mixed-use developer and operator EDENS for $93.2 million. Kevin Hurley and Matt Karempelis of CBRE’s National Retail Partners represented the buyer in the transaction. Situated on nearly 30 acres at the intersection of Roswell and Johnson Ferry roads in metro Atlanta’s East Cobb neighborhood, Merchants Walk was 90 percent leased at the time of sale to tenants including Whole Foods Market, Marshalls, PetSmart, Old Navy, DSW, Ulta Beauty, Office Depot and Georgia Theater Company Stadium Cinemas, as well as boutique retailers, service retailers and restaurants. Kohl’s shadow-anchors the center.

July 29, 2026

Development Georgia Southeast Student Housing Uncategorized

Radnor, Madrone to Break Ground on 793-Bed Student Housing Development in Atlanta

by John Nelson July 29, 2026

ATLANTA — A joint venture between Radnor Property Group and the Madrone Community Development Foundation is set to break ground on a 793-bed student housing development located at 850 West End Ave. in Atlanta. The project, which is scheduled for completion in fall 2028, will serve students attending Morehouse and Spelman colleges. The community will offer 305 units in studio, one-, two- and four-bedroom configurations upon completion. Shared amenities are set to include a 24-hour staffed lobby, outdoor recreation space, a fitness center, community lounges, bike storage, dog park and study rooms. The partnership recently reached financial close for the project through the sale of $146.8 million in tax-exempt and taxable bonds issued by the Development Authority of Fulton County, which will loan the proceed of the bonds to Madrone-MS Student Housing, a subsidiary of the Madrone Community Development Foundation. West End Avenue P3 LLC — a joint venture between Morehouse and Spelman colleges — has entered into a 50-year lease agreement with Madrone as part of the transaction. The development team for the project includes Clark Construction, CD Moody Construction, Moody Nolan and Pape-Dawson. Raymond James and Loop Capital Markets served as underwriter for the bond financing. Brailsford & Dunlavey …

July 29, 2026

Development Florida Multifamily Southeast

Capstone Begins Construction on 270-Unit Gateway Apartments in Orlando

by John Nelson July 29, 2026

ORLANDO, FLA. — Capstone Building Corp. has begun construction on The Gateway, a 270-unit luxury apartment community located at 7250 Shadowridge Drive in Orlando. The design-build team includes developer JBL Development LLC and architect Baker Barrios Architects. Located near Airport Lakes Park, the five-story, gated community features smart studio, junior one-bedroom, and one-, two- and three-bedroom floorplans. Amenities will include a heated saltwater pool with private cabanas, outdoor kitchens and fire pits, indoor and outdoor coworking lounges, a fitness center with outdoor fitness equipment, pickleball court, bark park, pet spa and a clubhouse featuring a restaurant and bar, market, tenant kitchen and leisure spaces. The development team expects to deliver The Gateway in late 2027.

July 29, 2026

Acquisitions Loans Maryland Office Southeast

MMCC Arranges $6.8M Acquisition Loan for Office Property in Baltimore

by John Nelson July 29, 2026

BALTIMORE — Marcus & Millichap Capital Corp. (MMCC) has arranged a $6.8 million acquisition loan for an office property located at 1520 S. Caton Ave. in Baltimore. Jared Cassidy of MMCC’s Washington, D.C., office secured the five-year loan with a regional bank on behalf of an unnamed, private client. Brightwood College formerly occupied the 37,200-square-foot, three-story office building. The property will be home to a regional aviation services company that will use the building as training grounds for aviation mechanics.

July 29, 2026

Acquisitions Industrial Washington Western

Lincoln Property Co. Acquires 275,000 SF Canyon Road Commerce Center in Puyallup, Washington

by Amy Works July 29, 2026

PUYALLUP, WASH. — Lincoln Property Co. has acquired Canyon Road Commerce Center, a 275,000-square-foot industrial campus in Washington’s Pierce County. Trammell Crow Co. and an affiliate of CBRE Investment Management sold the asset for an undisclosed price. Located at 5103-5223 136th Street E. in Puyallup, Canyon Road Commerce Center features two Class A industrial buildings designed to accommodate a range of manufacturing, aerospace, logistics and distribution users. Suites can support tenants with requirements as low as approximately 40,000 square feet. The campus features 32- to 36-foot clear heights, 21 dock-high doors per building, substantial power capacity and LED lighting. Chris Spofford, Bill Honker, Scott Carter and David Cahill of JLL are handling leasing for the industrial campus. Canyon Road is the third acquisition for Lincoln Logistics Fund II, which has secured more than $280 million in capital commitments from two longstanding institutional investors, alongside Stone Point Capital and Lincoln employees.

July 29, 2026

Acquisitions California Multifamily Seniors Housing Western

Harrison Street Asset Management Sells 136-Unit Seniors Housing Community in Oxnard, California

by Amy Works July 29, 2026

OXNARD, CALIF. — Harrison Street Asset Management has sold Clearwater at Riverpark, a 136-unit independent senior living community in Oxnard. The buyer was an undisclosed S&P 500 company focused on seniors housing. Terms of the transaction were not released. Aaron Rosenzweig and Dan Baker of JLL Capital Markets Sales and Advisory team represented the seller in the deal. Built in 2018 on 3.8 acres, residences in the 153,297-square-foot community feature full kitchens, in-unit washers/dryers and private patios. Community amenities include multiple dining venues, a pool, fitness center, theater, salon and spa, putting green and dog park.

July 29, 2026

Acquisitions California Multifamily Western

CBRE Arranges $25.9M Sale of Ocean Avenue Multifamily Property in Santa Monica, California

by Amy Works July 29, 2026

SANTA MONICA, CALIF. — CBRE has negotiated the $25.9 million sale of a multifamily property along Santa Monica’s Ocean Avenue corridor. The property at 901 Ocean Ave. sold for $23.5 million, with the buyer assuming approximately $2.4 million in transaction-related obligations. A local private investor acquired the asset in an all-cash transaction. The sale was completed through a court-supervised receivership overseen by the Superior Court of California, County of Los Angeles. Priscilla Nee and Dan Blackwell of CBRE represented the court-appointed receiver. Originally constructed in phases between 1961 and 1970, the three-story, 30,954-square-foot building features 28 apartments in an mix of one- and two-bedroom layouts. Multiple residences offer ocean views and private balconies. Community amenities include a rooftop deck, gated garage parking, a pool, controlled access and multiple lounge areas.

July 29, 2026

Acquisitions California Retail Western

Paragon Commercial Buys 46,055 SF Retail Center in Los Angeles

by Amy Works July 29, 2026

LOS ANGELES — Paragon Commercial Group has purchased a 46,055-square-foot, grocery-anchored shopping center in the Tujunga neighborhood of Los Angeles from the original developer. Situated on nearly 2.7 acres, the property has been home to grocer Smart & Final for more than 30 years and Goodwill for 25 years. Paragon plans to upgrade the center’s common areas, building façades, lighting and signage. Greg Offsay and Caleb Morrison of illi Commercial Real Estate brokered the off-market transaction.

July 29, 2026

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