Property Type

Partners Group, ViaWest Group Receive $122M in Financing for Industrial Campus Near Phoenix

by Amy Works June 23, 2026

GLENDALE, ARIZ. — Partners Group and ViaWest Group have received $122 million in bridge financing for The Base, a newly constructed industrial campus located in Glendale. Kevin MacKenzie, Jason Carlos, Lilley Kroll and Ross Jorgenson of JLL arranged the financing through Pacific Life Insurance Co. Partners Group and ViaWest Group own The Base through a joint venture, in which Partners Group holds a majority stake. Situated at the northwest corner of Litchfield and Bethany Home roads, The Base features seven buildings totaling 1.2 million square feet. The buildings feature 32- to 36-foot clear heights, “heavy” power capabilities ranging from 3,000 to 6,000 amps, ESFR sprinkler systems and R-38 roof insulation. The campus is designed with “optimal” truck circulation, accommodating 222 dock-high doors, 39 grade-level doors, 105 trailer parking spaces and 1,363 automobile parking spaces. Additionally, the property offers operational flexibility with the ability to accommodate single or multi-tenant configurations across varying suites sizes. Construction of all buildings and make-ready tenant improvements was completed in early 2026.

June 23, 2026

Acquisitions California Industrial Western

BKM Capital Partners Acquires Carson Industrial Center in Southern California for $95M

by Amy Works June 23, 2026

CARSON, CALIF. — BKM Capital Partners has purchased Carson Industrial Center, an industrial campus situated on more than 20 acres in Los Angeles’ South Bay submarket, from a global investment advisor for $95 million. The 11-building campus offers 429,000 square feet of multi-tenant industrial space divided into 20 units with an average unit size of 21,000 square feet. Additionally, the campus features a combined 79 dock-high and grade-level doors, 14- to 21-foot clear heights and parking for 651 vehicles. At the time of sale, the property was 73 percent leased to tenants in sectors such as manufacturing, freight logistics, signal and connectivity solutions, luxury handbag distribution and novelty top importers. Each of the single-story buildings sites on its own parcel, and five are freestanding with private yards and frontage along Del Amp Boulevard. BKM has allocated more than $6 million to reposition and modernize the property. Planned improvements include reconfiguration and upgrading of vacant units while also addressing exterior deferred maintenance and introducing new signage and landscaping across the campus. Brett Turner and Michael Grossner provided in-house representation for BKM while Cushman & Wakefield represented the seller in the deal.

June 23, 2026

Acquisitions Arizona Multifamily Western

Alliance Residential Divests of 258-Unit Multifamily Property in Phoenix

by Amy Works June 23, 2026

PHOENIX — Scottsdale, Ariz.-based Alliance Residential has sold Broadstone Seventh Street, a 258-unit multifamily property in north central Phoenix, to a leading global investor for an undisclosed price. Asher Gunter, Matt Pesch and Austin Groen of CBRE represented the seller in the transaction. Completed in 2024, Broadstone Seventh Street features studio, one- and two-bedroom floor plans with 9- and 10-foot ceilings, wood-style flooring, in-unit washers and dryers, quartz countertops, illuminated vanity mirrors and SmartRent Home technology. Community amenities include a residential clubhouse with an kitchen and billiards, a two-story fitness center, a resort-style pool and spa with private cabanas, barbecue grills and an outdoor ramada.

June 23, 2026

Acquisitions Multifamily Washington Western

Jackson Square Sells 108-Unit Apartment Complex in Everett, Washington for $24.5M

by Amy Works June 23, 2026

EVERETT, WASH. — Jackson Square Properties has sold Latitude, a 108-unit multifamily property in Everett’s Lake Stickney neighborhood, to Bridge Housing for approximately $25.4 million. Developed in 1986 on 4 acres, the property features one- and two-bedroom apartments spread across six residential buildings and a standalone clubhouse. Community amenities include a courtyard with a barbecue area and firepit, fitness center and a fenced-in dog park. Giovanni Napoli, Philip Assouad, Ryan Harmon, Nick Ruggiero and Anthony Palladino of Institutional Property Advisors, a division of Marcus & Millichap, represented the San Francisco-based seller and procured the buyer, also based in San Francisco.

June 23, 2026

Acquisitions Midwest Minnesota Office

JLL Brokers $18.5M Sale of Office Building in Shoreview, Minnesota

by Kristin Harlow June 23, 2026

SHOREVIEW, MINN. — JLL Capital Markets has brokered the $18.5 million sale of The Lex, a 124,925-square-foot office building in the Twin Cities suburb of Shoreview. Renovated in 2023, The Lex rises four stories. Managed by Eagle Ridge Partners, the property is currently 95 percent leased to a variety of tenants in the financial services, healthcare and technology industries. The Lex is positioned within the Shoreview Corporate Center, a mixed-use redevelopment that is home to three luxury apartment communities and two additional office properties. Colin Ryan and David Berglund of JLL represented the seller, Shoreview Ridge Office LLC. The buyer was not disclosed.

June 23, 2026

Acquisitions Industrial Midwest Ohio

CBRE Arranges $12.5M Sale of Industrial Portfolio in Beavercreek, Ohio

by Kristin Harlow June 23, 2026

BEAVERCREEK, OHIO — CBRE has arranged the $12.5 million sale of a two-building, 142,400-square-foot industrial portfolio in Beavercreek near Cincinnati. CBRE’s Steve Timmel and Will Roberts represented the sellers, 2060 Heller LLC and 2070 Heller LLC. The buildings, located at 2060 and 2070 Heller Drive, are fully leased to an aerospace manufacturer. Each property includes a mix of office and production space designed to support specialized aerospace manufacturing and research functions.

June 23, 2026

Illinois Industrial Leasing Activity Lee & Associates Midwest

Cargowill Signs 42,169 SF Industrial Lease in Bolingbrook, Illinois

by Kristin Harlow June 23, 2026

BOLINGBROOK, ILL. — Cargowill, an e-commerce logistics company, has signed a 42,169-square-foot industrial lease at 1325 Remington Blvd. in Bolingbrook. Jeff Galante of Lee & Associates of Illinois represented the landlord, Pritzker Realty Group. Chris Nelson of Lee & Associates represented the tenant. Built in 2016, the 112,000-square-foot property features immediate access to I-55 via the Weber Road interchange.

June 23, 2026

Acquisitions Illinois Midwest Retail

Greenstone Partners Negotiates $8.4M Sale of Metro Chicago Retail Center

by Kristin Harlow June 23, 2026

FOREST PARK, ILL. — Greenstone Partners has negotiated the $8.4 million sale of Circle Plaza, a fully occupied, multi-tenant retail center in Forest Park. Brewster Hague and Connor Sheedy of Greenstone brokered the sale. Circle Plaza totals 18,486 square feet and is home to Dunkin’, Pep Boys, Bloc Dispensary, HEAL Wellness and Sploot Veterinary Care. Originally developed in 1984, the property has mostly maintained 100 percent occupancy throughout its history. Buyer and seller information was not provided.

June 23, 2026

Features Heartland Feature Archive Leasing Activity Retail

Competition Is Fierce for Quality Retail Spaces

by Kristin Harlow June 23, 2026

Today, there’s a multitude of factors shaping the retail leasing market. Smaller footprints, the influence of technology, changing lifestyles of younger generations, limited new supply and backfilling closures are just some of the most prominent storylines. As of the first quarter, the national retail vacancy rate held stable at 4.4 percent, up 10 basis points from the prior quarter, according to Colliers, which covers malls, shopping centers and general retail across 390 markets. “The market remains structurally tight due to limited new supply and steady backfill demand,” summarizes the brokerage firm in its first-quarter “U.S. Retail Market Statistics” report. “A clear bifurcation persists, with tight availability for small spaces and more modest availability among large anchor boxes.” In a nutshell, today’s retailers prioritize smaller, more efficient spaces with strong visibility, easy access and co-tenancy with established traffic drivers along with the flexibility to support omnichannel operations, says Ron Goldstone, executive vice president at NAI Farbman in Farmington Hills, Michigan. In the first quarter of the year, Continental Realty Corp. executed deals with tenants in the health and wellness category, service-oriented uses, food-and-beverage, children’s schools, entertainment and various franchise concepts in the 1,500- to 2,000-square-foot range, according to Kristina O’Keefe, senior …

June 23, 2026

Development Hawaii Hospitality Loans Top Stories Western

X-Caliber Provides $431M in Financing for Redevelopment of Coco Palms Resort in Hawaii

by John Nelson June 23, 2026

KAUAI, HAWAII — X-Caliber Capital Holdings, a commercial real estate finance firm based in Irvington, N.Y., has provided a financing package totaling $431 million for the redevelopment of Coco Palms, a 32-acre resort destination on the Hawaiian island of Kauai. The property was famously the filming location of “Blue Hawaii,” a 1961 movie starring Elvis Presley, and is listed on the National Register of Historic Places. “Coco Palms holds a unique place in Kauai’s history, and its restoration is an exciting development for the island and its residents,” says Chris Callahan, president and CEO of X-Caliber. The financing includes $185.6 million of conventional financing via an affiliate of X-Caliber, X-Caliber Rural Capital, and $245.4 million of C-PACE financing through CastleGreen Finance, another X-Caliber affiliate. Together, the loans will provide 80 percent of the estimated redevelopment cost and are priced at an “attractive,” blended interest rate. Gabe Mashaal of X-Caliber Rural Capital originated the conventional loan on behalf of the developer, Utah-based Reef Capital Partners. New York City-based Highgate will operate Coco Palms upon completion of the redevelopment, which is planned for 2028. The conventional funds are intended to provide construction-through-stabilization financing for up to five years. The C-PACE funds are …

June 23, 2026

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