Property Type

Hanley Investment Group Brokers Sale of 87,042 SF Shopping Center in Apple Valley, California

by Amy Works October 5, 2026

APPLE VALLEY, CALIF. — Hanley Investment Group Real Estate Advisors has arranged the sale of Apple Valley Towne Center, a regional shopping center in San Bernardino County. Kevin Fryman, Bill Asher and Sean Cox of Hanley Investment Group represented the seller and developer, San Pedro, Calif.-based Rich Development Enterprises, in the transaction. The buyer and sales price were not disclosed. Completed earlier this year o a 7.9-acre site at 19390 Bear Valley Road, Apple Valley Towne Center features 87,042 square feet of retail space that was fully leased at the time of sale to three national junior box tenants: Hobby Lobby, Marshalls and Five Below. The tenants operate under new initial long-term triple-net leases with scheduled rental increases every five years. Additionally, the property is shadow anchored by Stater Bros. Markets, Lowe’s and Walgreens.

October 5, 2026

Acquisitions California Multifamily Western

Berkadia Arranges $6.8M Sale of Apartment Building in Los Angeles’ Westchester Neighborhood

by Amy Works October 5, 2026

LOS ANGELES — Berkadia has arranged the $6.8 million sale of Altezza, a 16-unit apartment building in the Westchester neighborhood of Los Angeles. Steffan Braunlich of Berkadia El Segundo led the transaction on behalf of the seller, Revere Investments of Rolling Hills Estates, California. The buyer was Edud Investments, based out of Corona, California. The deal closed on Sept. 21. Located at 6925 Kittyhawk Ave., the property was built in 1993 and features 16 two-bedroom, two-bathroom apartments, including upper-level, two-story loft layouts. The property also includes in-unit stackable washers and dryers, central heating and air conditioning, controlled access and 32 subterranean parking spaces.

October 5, 2026

Affordable Housing Loans Multifamily New York Northeast

Walker & Dunlop Arranges $170.5M Loan for Refinancing of Harlem Apartment Community

by Taylor Williams October 5, 2026

NEW YORK CITY — Walker & Dunlop has arranged a $170.5 million permanent loan for the refinancing of Lenox Terrace, a 1,696-unit apartment community in Harlem. Opened in 1958, Lenox Terrace primarily offers rent-restricted residences that are housed across six 16-story buildings. Amenities include landscaped green spaces, a dog park and a playground. Jonathan Schwartz, Aaron Appel, Keith Kurland, Adam Schwartz, Dustin Stolly, Sean Reimer, Michael Ianno and Cody Ela of Walker & Dunlop arranged the loan through Chase Commercial Bank on behalf of the owner, The Olnick Organization.

October 5, 2026

Development Industrial Northeast Pennsylvania

Provident Industrial Underway on 257,040 SF Industrial Project in Limerick, Pennsylvania

by Taylor Williams October 5, 2026

LIMERICK, PA. — Provident Industrial, a division of Dallas-based development and investment firm Provident, is underway on construction of a 257,040-square-foot industrial project in Limerick, about 35 miles northwest of Philadelphia. Specific building features for the project at 300 Keystone Drive were not disclosed, but the facility will be able to support logistics, advanced manufacturing and/or e-commerce users. Completion is slated for next summer. CBRE is marketing the project for lease.

October 5, 2026

Delaware Development Multifamily Northeast Seniors Housing

Joint Venture Breaks Ground on 144-Unit Seniors Housing Project in Coastal Delaware

by Taylor Williams October 5, 2026

REHOBOTH BEACH, DEL. — A joint venture between Michigan-based development and investment firm REDICO and operator Ciel Senior Living has broken ground on a 144-unit project in the coastal Delaware community of Rehoboth Beach. Ciel of Rehoboth will offer independent living, assisted living and memory care services in addition to resort-style amenities, social programming and personalized wellness and care services. Completion is slated for 2028.

October 5, 2026

Acquisitions Hospitality New Hampshire Northeast

JLL Negotiates Sale of 32-Room Hotel in Concord, New Hampshire

by Taylor Williams October 5, 2026

CONCORD, N.H. — JLL has negotiated the sale of the 32-room Centennial Hotel in Concord. Located in the state capital’s downtown area, the historic building was constructed in 1898 and converted to a boutique hotel in 1996. Amenities include a fitness center, business center, continental breakfast service, an onsite restaurant and bar and 1,785 square feet of meeting and event space. Alan Suzuki of JLL represented the seller, Sparta Properties, in the transaction. The buyer was Lord Hotels.

October 5, 2026

Development Midwest Multifamily Wisconsin

Galway Cos. Underway on 357-Unit Luxury Apartment Complex in Monona, Wisconsin

by Kristin Harlow October 5, 2026

MONONA, WIS. — Galway Cos. is under construction on The Greenline, a 357-unit luxury apartment community with 16,000 square feet of ground-floor commercial space in Monona, a suburb of Madison. The broader vision for the development includes a central park with a gathering place for farmers’ markets, food trucks, outdoor concerts, movie nights and community events. The city and the Monona Community Development Authority are partnering on the project. The project team includes McGann Construction Inc., Stevens Construction Corp., RG Huston, JLA Architects, Vierbicher and Dave Jones. Financing partners include Old National Bank, Johnson Financial Group and Bank CMG.

October 5, 2026

Acquisitions Illinois Midwest Multifamily

Becovic Residential Acquires Chicago Apartment Building for $20M

by Kristin Harlow October 5, 2026

CHICAGO — Becovic Residential has acquired an historic property at 5154 N. Clark St. in Chicago for $20 million and has rebranded it as The Quarters at Andersonville. Built in 1923, the asset consists of 81 apartments and 10 ground-floor commercial spaces. The property had been held by its previous ownership for more than 40 years. The acquisition marks Becovic’s entry into the Andersonville neighborhood. Becovic plans to preserve the building’s historic character while making improvements to the residential experience. Becovic Management Group Inc. will provide property management services. Essex Realty Group brokered the transaction. Elizaeth Hozian of Associated Bank originated acquisition financing.

October 5, 2026

Leasing Activity Michigan Midwest Retail

Four New Tenants to Open at The Mall at Partridge Creek in Michigan

by Kristin Harlow October 5, 2026

CLINTON TOWNSHIP, MICH. — Four new tenants are opening at The Mall at Partridge Creek this fall. The open-air regional shopping center is located in Macomb County and is home to more than 80 stores, restaurants and entertainment sites. Cherry Republic, a northern Michigan business that makes cherry products, is now open in a 6,277-square-foot store next to Pandora inside the mall’s main entrance. The Noble Duck Japanese Sushi & Steakhouse, a new local concept, will open this holiday season. Owned by Chef Omar Mitchell, the creator of Detroit’s Table No. 2 Restaurant, The Noble Duck will offer modern Japanese dining in a 4,831-square-foot space near Cooper’s Hawk and Powerhouse Gym at the east end of the mall. See’s Candies will open at the mall in November with a 1,499-square-foot location next to Express at the mall’s main entrance. Apparel and accessories retailer Aeropostale will open in late November. The 3,760-square-foot store will be located at the east end of the mall next to American Eagle.

October 5, 2026

Acquisitions Michigan Midwest Retail

Marcus & Millichap Brokers $3.2M Sale of Auto Shop Property in Grand Rapids

by Kristin Harlow October 5, 2026

GRAND RAPIDS, MICH. — Marcus & Millichap has brokered the $3.2 million sale of an automotive service property occupied by Christian Brothers Automotive in Grand Rapids. Built in 2021, the property totals 5,810 square feet. Jeff Rowlett and Paul Kerber of Marcus & Millichap procured the buyer, a private investor based in Illinois.

October 5, 2026

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