Saturday, September 5, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Property Type

AcquisitionsAffordable HousingIllinoisMidwestMultifamily

Standard Communities Acquires Affordable Housing Property in Chicago for $46M

by Kristin Harlow

CHICAGO — Standard Communities led a public-private partnership that acquired Bryn Mawr Belle Shore Apartments in Chicago’s Edgewater Beach neighborhood. The total capitalization of the acquisition was roughly $46 million. The affordable housing community includes 371 units across two buildings as well as 15,000 square feet of retail space. Standard plans to make improvements such as new common area lighting, refurbished common areas and amenities, and renovated management offices. Standard completed the transaction in partnership with the Illinois Housing Development Authority, Chicago Housing Authority, the City of Chicago Department of Housing and the U.S. Department of Housing and Urban Development.

Continue Reading
FacebookTwitterLinkedinEmail
LoansMidwestMultifamilyNebraskaSeniors HousingWalker & Dunlop

Walker & Dunlop Originates $20.9M for Refinancing of Two Assisted Living Communities in Nebraska

by Kristin Harlow

LINCOLN AND ASHLAND, NEB. — Walker & Dunlop has originated a total of $20.9 million in HUD refinancing for Fallbrook Assisted Living and Memory Care in Lincoln and Oxbow Living Center in Ashland. Walker & Dunlop’s Kevin Giusti and Mikko Erkamaa originated the loans in both deals on behalf of the borrower, MJ Senior Housing. Both transactions refinanced floating-rate debt and provided cash proceeds. Fallbrook Assisted Living and Memory Care received a $13.3 million loan. The property is a 71-unit assisted living and memory care facility that was built in 2018 and opened in 2019. Oxbow Living Center received a $7.6 million loan. The property is a three-story, 79-unit assisted living and memory care community.

Continue Reading
FacebookTwitterLinkedinEmail
LoansMidwestMissouriMultifamily

Greystone Provides $18.6M Acquisition Loan for Multifamily Property in Metro Kansas City

by Kristin Harlow

KANSAS CITY, MO. — Greystone has provided an $18.6 million Freddie Mac loan for the acquisition of a 200-unit multifamily property located outside of Kansas City. Originally built in the 1980s, the garden-style community features one- and two-bedroom units. Adam Lipkin of Greystone originated the loan, which features a fixed interest rate, 10-year term, 30-year amortization schedule and five years of interest-only payments. The borrower and name of the property were not provided.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndianaMidwestRetail

FCPT Purchases Jiffy Lube Portfolio in Indiana for $7.9M in Sale-Leaseback

by Kristin Harlow

INDIANA — In a sale-leaseback transaction, Four Corners Property Trust (FCPT) has purchased a portfolio of five retail properties occupied by Jiffy Lube in Indiana. Jiffy Lube has roughly 15 years remaining on its leases at the net-leased properties. The sales price of $7.9 million represents a cap rate of 6.5 percent.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityMichiganMidwestRetail

Club Pilates to Open at White Lake Commons Shopping Center in Clarkston, Michigan

by Kristin Harlow

CLARKSTON, MICH. — Fitness concept Club Pilates will open a 2,580-square-foot location at the White Lake Commons shopping center in Clarkston, a northern suburb of Detroit. The property is located near the intersection of Dixie Highway and White Lake Road. Michael Murphy, Haley Kelly and Tjader Gerdom of Gerdom Realty & Investment represented the landlord, Shango Properties. Stephen Smith of TNF Realty represented the tenant.

Continue Reading
FacebookTwitterLinkedinEmail
Peninsula-Life-Science-Center-Gemini-Rosemont
AcquisitionsCaliforniaLife SciencesOfficeWestern

Gemini Rosemont Buys Peninsula Life Science Center in Burlingame, California for $59.3M

by Amy Works

BURLINGAME, CALIF. — Gemini Rosemont Commercial Real Estate has acquired Peninsula Life Science Center in Burlingame from Sansome Street Advisors and Gordon Brothers for $59.3 million in an all-cash transaction. The acquisition was fully funded in partnership with Gemini Investments, an investment company listed on the Hong Kong Stock Exchange. Located at 1828 El Camino Real, the eight-story building features 65,804 square feet of office space. At the time of sale, the property was 98 percent leased and anchored by three life sciences tenants. Built in 1974 and most recently renovated in 2022, the property features floor-to-ceiling windows, an above-market parking ratio and a nearby BART train stop. Seth Siegel, Steve Hermann and Ryan Venezia of Cushman & Wakefield represented the sellers, while Gemini Rosemont was self-represented in the transaction. David Wilson, a property manager with Gemini Rosemont, will manage the asset.

Continue Reading
FacebookTwitterLinkedinEmail
250-N-Ellsworth-Rd-Mesa-AZ
AcquisitionsArizonaBuild-to-RentSingle-Family RentalWestern

Taylor Morrison Sells 145-Unit Build-to-Rent Community in Mesa, Arizona for $53M

by Amy Works

MESA, ARIZ. — Scottsdale-based Taylor Morrison has completed the disposition of a 145-unit build-to-rent community located at 250 N. Ellsworth Road in Mesa. San Diego-based Ellsworth Housing Partners acquired the property for $53 million, or $368,055 per unit, and plans to brand the community as The Logan at Ellsworth. Built in 2022, the community features 58 one-bedroom, 650-square-foot units and 87 two-bedroom, 995-square-foot units. In-home features include kitchens with quartz countertops, stainless steel appliances, wood-inspired flooring, high ceilings, dual-pane windows, full-size washers/dryers, walk-in closets and maintenance-free private backyards. The property offers smart-home technology, including satellite TVs with HD and DVR, mobile phone controls, smart-home touchscreen panels, USB outlets, keyless entry, self-monitored security systems with doorbell cameras and door and motion sensor alarms, and smart thermostats. The community features 20 detached garages, as well as 168 covered and 137 uncovered spaces. Onsite amenities include a heated swimming pool and spa, poolside ramadas with outdoors TVs, a fitness studio, an event lawn and a roving patrol. Trevor Koskovich, Jesse Hudson, Ryan Boyle and Logan Baca of Northmarq’s Phoenix investment sales team represented the seller in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsCaliforniaRetailWestern

Union Bank Divests of Five Bank Branches in California for $19.2M

by Amy Works

SAN DIEGO, BRAWLEY, LEMON GROVE AND IMPERIAL BEACH, CALIF. — Union Bank has completed the sales of five bank branches, totaling 39,331 square feet, in California. A private investor acquired the assets for $19.2 million. Michael Peterson, Reg Kobzi and Joel Wilson of CBRE represented the seller in the transactions. The portfolio includes: A 5,379-square-foot property at 1858 Cable St. in San Diego. A 12,422-square-foot building at 6010 El Cajon Blvd. in San Diego. A property at 3285 Lemon Grove Ave. in Lemon Grove. A 4,751-square-foot asset at 900 Palm Ave. in Imperial Beach. A 9,461-square-foot branch at 290 Main St. in Brawley.

Continue Reading
FacebookTwitterLinkedinEmail
801-849-S-Union-Blvd-Colorado-Springs-CO
AcquisitionsColoradoMultifamilyWestern

Capstone Brokers $6.4M Sale of Union Boulevard Apartments in Colorado Springs

by Amy Works

COLORADO SPRINGS, COLO. — Capstone has arranged the sale of a 29,732-square-foot apartment building located at 801-849 S. Union Blvd. in Colorado Springs. The asset traded for $6.4 million. The names of the seller and buyer were not released. Pat Knowlton of Capstone represented the seller and buyer in the deal. Built in 1972, Union Boulevard Apartments features 970-square-foot, two-bedroom/one-bath units. The property underwent significant upgrades, including exterior painting and updating the parking lots. Additionally, a portion of the units were renovated. The buyer plans to continue renovating the units.

Continue Reading
FacebookTwitterLinkedinEmail
4995-Factory-Shops-Blvd-Castle-Rock-CO
AcquisitionsColoradoRestaurantRetailWestern

Marcus & Millichap Arranges $2.5M Sale of Buffalo Wild Wings-Occupied Property in Castle Rock, Colorado

by Amy Works

CASTLE ROCK, COLO. — Marcus & Millichap has brokered the sale of a restaurant building located at 4995 Factory Shops Blvd. in Castle Rock. Niki Castle Rock LLC sold the asset to an undisclosed buyer in a 1031 exchange for $2.5 million, or $399.46 per square foot. Buffalo Wild Wings occupies the property and offers a bar, indoor/outdoor space and VIP spaces. Drew Isaac and Ian Hicks of Marcus & Millichap represented the seller in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts