Property Type

1138-S-Valley-Grove-Way-Pleasant-Grove-UT

Ball Ventures, B&T Hospitality Open 143-Room Dual-Branded Hotel in Pleasant Grove, Utah

by Amy Works July 10, 2026

PLEASANT GROVE, UTAH — Ball Ventures and B&T Hospitality have opened a 143-room dual-branded hotel in Pleasant Grove, located north of Provo. The hotel, which carries the Tru by Hilton and Home2 Suites by Hilton brands, is located at 1138 S. Valley Grove Way within the 128-acre Valley Grove mixed-use business community that is being developed by Baltimore-based St. John Properties Inc. The Tru by Hilton features 68 guestrooms, and the Home2 Suites offers 75 suites. Shared amenities include a heated outdoor pool and hot tub, 24-hour fitness center and outdoor fire pits. Both hotels offer daily complimentary breakfast, free parking, business center and meeting rooms.

July 10, 2026

Acquisitions Multifamily Utah Western

Gelt Venture Partners Buys 117-Unit Drexler Townhomes in Lehi, Utah

by Amy Works July 10, 2026

LEHI, UTAH — Gelt Venture Partners (GVP) has purchased Drexler Townhomes, a Class A townhome community located south of Salt Lake City. The original developer sold the property for an undisclosed price in an off-market transaction. Completed in 2023, Drexler features 117 two-, three- and four-bedroom townhome units averaging 1,705 square feet with attached two-car garages and private driveways. The property is located on 10.8 acres at 2790 N. Segundo Drive. The original developer completed the conversion of 24 unfinished basements into fourth bedrooms, and GVP plans to finish 35 additional basement bedroom conversions.

July 10, 2026

30252-Crown-Valley-Pkwy-Laguna-Niguel-CA

Acquisitions California Retail Western

JLL Arranges $20.5M Sale of Crown Valley Mall in Laguna Niguel, California

by Amy Works July 10, 2026

LAGUNA NIGUEL, CALIF. — JLL Capital Markets has arranged the $20.5 million sale of Crown Valley Mall, a grocery-anchored retail center located near Laguna Beach. A private family, which had owned the property since it was originally built in 1969, sold the asset to Charlotte-based Asana Partners. Tenants at the 62,627-square-foot Crown Valley Mall include Smart & Final, Baja Fish Tacos, Domino’s and Avis. The property is located at 30252 Crown Valley Parkway. Daniel Tyner, Gleb Lvovich and Geoff Tranchina of JLL Capital Markets’ Sale and Advisory represented the seller and sourced the all-cash institutional buyer in the transaction.

July 10, 2026

Acquisitions Hospitality Michigan Midwest

Inland Sells Two Hilton-Branded Hotels in Michigan for $32M

by Kristin Harlow July 10, 2026

HOLLAND, MICH. — An affiliate of Inland National Development Co. LLC, a member company of The Inland Real Estate Group of Cos. Inc., has sold Tru by Hilton Holland (98 rooms) and Home2 Suites by Hilton Holland (109 rooms) for a combined sales price of $32 million. The hotel properties are located along US 31, providing convenient access to Holland State Park and Ottawa Beach. Tru by Hilton caters to short-term travelers with amenities such as a hot breakfast, indoor heated pool and fitness center. Home2 Suites by Hilton is designed for extended-stay guests, featuring apartment-style accommodations with fully equipped in-suite kitchens, complimentary Wi-Fi and breakfast. Guests of both hotels can benefit from shared amenities.

July 10, 2026

Loans Midwest Multifamily Nebraska

MMCC Arranges $25.8M in Financing for Omaha Multifamily Property

by Kristin Harlow July 10, 2026

OMAHA, NEB. — Marcus & Millichap Capital Corp. (MMCC) has arranged $25.8 million in financing for the Preserve at Evans Place, a 418-unit multifamily property located at 10505 Evans Plaza in Omaha. Robert Bhat of MMCC arranged the two-year, nonrecourse financing on behalf of a private client. The loan, provided by a regional bank, features a 5.8 percent interest rate and an 80 percent loan-to-value ratio. The property was recently renovated and offers a mix of one- and two-bedroom units. Amenities include a clubhouse, fitness center, barbecue area, swimming pool and pet park.

July 10, 2026

Development Kansas Midwest Retail

Movement Musick Unveils Plans for Downtown Grocery Store, Expanded Community Space in Wichita

by Kristin Harlow July 10, 2026

WICHITA, KAN. — Movement Musick has unveiled additional plans regarding its downtown Wichita development, including a new grocery store, expanded community gathering space and the project team. The planned 30,000-square-foot urban market concept is being developed in partnership with the Queen family, one of the founding owners of the Price Chopper brand. In addition to leading the capital investment for construction, Movement Musick has structured the partnership to support the store’s operations through its initial growth period. Movement Musick is evaluating a few locations for the store within a two-block radius of the adaptive reuse of the historic Shirkmere building and the new 3,000-seat music venue. The organization also announced the expansion of the planned community open space within the redevelopment project. The space is approximately 1 acre and is located both east and west of Emporia Avenue. In May, the nonprofit acquired the 75,903-square-foot Scottish Rite building, which was constructed between 1887 and 1888. Movement Musick is currently evaluating adaptive reuse strategies that allow for modern use while honoring the building’s historic character. Formal plans will be announced at a future date. The assembled project team includes Esen Development, TESSERE, Crossland Construction Co., Rockwell Group, Sasaki, HASTINGS Architecture, Fisher …

July 10, 2026

Acquisitions Illinois Midwest Multifamily

Kiser Group Brokers $3.9M Sale of Apartment, Retail Building in Chicago’s Wicker Park

by Kristin Harlow July 10, 2026

CHICAGO — Kiser Group has brokered the $3.9 million sale of an 11-unit property located at 1756 W. North Ave. in Chicago’s Wicker Park neighborhood. The property consists of three commercial spaces and eight apartments. Gut-renovated in 2020, the building features updated plumbing, electrical, roofing, windows and interiors. The asset was fully occupied at the time of sale. Jake Parker, Andy Friedman and Viktor Radzieta of Kiser brokered the transaction. The property sold to an all-cash buyer.

July 10, 2026

Market Reports Nevada Restaurant Retail Western Western Market Reports

From Office to Experience: Retail Repositioning Gains Ground in Las Vegas

by John Nelson July 10, 2026

Adaptive reuse has always been an astute trend when it comes to utilizing location, existing bones, and saving a little time and money on delivery. It’s also particularly useful in submarkets like the southeast Las Vegas submarket of Henderson where strong population growth and rising household incomes outpace the availability of new retail. This long-standing unmet demand for Class A retail has inspired one developer to reshape how it views underperforming office assets. Steve Neiger, managing principal at CAST Capital Partners, is co-developing the Cliff, a 100,000-square-foot office-to-retail conversion in Henderson’s Green Valley Ranch submarket. The project involves the repositioning of a vacant, low-density suburban office property that had struggled to remain competitive as newer product and shifting workplace trends weighed on demand. Rather than pursue a traditional office lease-up or a residential conversion, the development team, which includes Partners Capital, is transforming the site into an open-air retail and dining destination designed to better align with the area’s demographics, accessibility and surrounding residential density. The repositioning reflects a broader trend in how developers are evaluating aging office assets in high-growth suburban markets, particularly where strong consumer demand is not being met by existing retail supply. Situated along Paseo Verde …

July 10, 2026

Development Multifamily New Jersey Northeast Top Stories

Rockpoint, Urby to Develop 69-Story Apartment Tower Along Hudson River in Jersey City

by Abby Cox July 10, 2026

JERSEY CITY, N.J. — Rockpoint, a Boston-based real estate private equity firm, and Urby, a hospitality-driven multifamily developer, have formed a joint venture to develop a multifamily residential tower located along the Hudson River in Jersey City. The 69-story building, which will be known as 201 Hudson – by Urby, is expected to be delivered around mid-2029, according to various media outlets. 201 Hudson is the second phase of a larger three-tower multifamily development. The project follows Jersey City Urby, a 762-unit apartment tower delivered in 2017. The property was rebranded as Sable in 2025 after Veris Residential acquired full ownership of the building. Earlier this year, ownership transferred again to Affinius Capital following its acquisition of Veris. Urby will co-manage construction and development of 201 Hudson and will also oversee property management and leasing alongside Rockhill, Rockpoint’s property services affiliate. The project team will include New York-based architects HLW; Concrete Amsterdam; interior designer Shawn Hausman; and landscape architect Bas Smets, whose practice is responsible for the reimagined grounds of Notre-Dame Cathedral in Paris and the Mandrake Hotel in London. “The Jersey City Waterfront continues to distinguish itself as one of the most compelling multifamily submarkets in the New York …

July 10, 2026

Acquisitions Multifamily Texas

Marcus & Millichap Brokers Sale of 249-Unit Apartment Complex in North Dallas

by Taylor Williams July 9, 2026

DALLAS — Marcus & Millichap has brokered the sale of Infinity on the Point, a 249-unit apartment complex in North Dallas. According to Apartments.com, the property offers one- and two-bedroom units. Amenities at the three-story, garden-style property include a pool, sundeck, grilling stations, dog park, fitness center, package lockers and covered parking. Wes Racht, Nick Fluellen and Bard Hoover of Marcus & Millichap, along with Drew Kile, Taylor Hill, Joey Tumminell, Michael Ware and William Hubbard of Marcus & Millichap’s Institutional Property Advisors (IPA) division, represented the seller, a California-based investment company, in the transaction. The team also procured the buyer, Reap Capital, which plans to rebrand the property as The Creekside at Vantage.

July 9, 2026

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