Property Type

Minto Communities USA Closes Land Sale in Westlake, Florida for Future 134,148 SF Lowe’s Store

by Abby Cox February 2, 2026

WESTLAKE, FLA. — Minto Communities USA has sold a 10.6-acre development site located in the master-planned community of Westlake in South Florida’s Palm Beach County. The buyer, Lowe’s Home Centers LLC, plans to build a 134,148-square-foot Lowe’s Home Improvement store that includes a 26,601-square-foot outdoor garden center. In addition to serving customers, the new location will serve as a regional headquarters for the North Carolina-based retailer. While further details of the sale were not disclosed, site plans have been approved by the City of Westlake. According to public records, Walmart has also submitted a site plan for a future location adjacent to the future Lowe’s. Minto Communities has sold approximately half of the 2.2 million square feet approved for commercial development in Westlake, including 20 acres traded to Publix Super Markets Inc. in 2021 for a 140,000-square-foot, two-phase retail development that is now nearly fully leased.

February 2, 2026

Affordable Housing Development Multifamily New York Northeast

Related Cos., Sterling Equities Begin Leasing 2,500-Unit Affordable Housing Project in Queens

by Taylor Williams February 2, 2026

NEW YORK CITY — Queens Development Group, a joint venture between Related Cos. and New York-based Sterling Equities, has begun leasing the first phase of Willets Point Commons, a 2,500-unit affordable housing project in Queens. Phase I of Willets Point Commons comprises two mid-rise buildings housing a combined 880 units, 40 percent of which are reserved for residents earning 60 percent or less of the area median income. Another 15 percent of units are set aside for tenants that formerly experienced homelessness. Amenities include a landscaped inner courtyard, laundry facilities, lounge space with access to outdoor terraces, bicycle storage and ground-floor retail space. Related and Sterling partnered with the New York City Department of Housing Preservation & Development and the New York City Housing Development Corp. on the project. Construction began in December 2023.

February 2, 2026

Florida Leasing Activity Office Southeast

D-Wave Quantum to Relocate Global Headquarters to Boca Raton Innovation Campus in South Florida

by Abby Cox February 2, 2026

BOCA RATON, FLA. — D-Wave Quantum Inc., a publicly traded dual-platform quantum computing company, will relocate its global headquarters and primary U.S. research-and-development facility to Boca Raton Innovation Campus (BRiC), a 1.7 million-square-foot office park in South Florida. Formerly located at 2650 E. Bayshore Road in Palo Alto, Calif., the technology company plans to move into its new 25,000-square-foot office space by the end of 2026. D-Wave Quantum’s move is further supported by a separate, $20 million commitment from Florida Atlantic University, which intends to purchase and install D-Wave’s Advantage2 quantum computer on its nearby campus. Since acquiring the property in 2018, CP Group has completed a $100 million redevelopment of BRiC, which includes the addition of two coffee shops and an autonomous grab-and-go store; an onsite wellness center run by Boca Raton Regional Hospital; a revitalized dining and banquet hall; flex indoor/outdoor event space available for rent; and a 1,100-space parking garage. CP Group secured more than 300,000 square feet in new leases at BRiC in late 2025 alone.

February 2, 2026

Alabama Industrial Leasing Activity Southeast

Graham & Co. Negotiates 1.4 MSF Industrial Lease in Montgomery, Alabama

by Abby Cox February 2, 2026

MONTGOMERY, ALA. — Graham & Co. has negotiated a full-building lease at Air-Port Commerce Center, a 1.4 million-square-foot industrial facility located at 2855 Selma Highway in Montgomery. The former Big Lots Distribution Center — which closed in mid-2025 after the retailer’s bankruptcy — sits on 100 acres and is adjacent to Coca-Cola Bottling Co. United and the Montgomery Intermodal Container Transfer Facility site. Ogden Deaton and John Coleman of Graham & Co., along with Allen Garstecki of JLL, represented the landlord, ARES Management, in the lease negotiations. The tenant was not disclosed.

February 2, 2026

Acquisitions Industrial Nevada Western

Equus Acquires Four-Building, 514,900 SF Industrial Portfolio in Sparks, Nevada

by Amy Works February 2, 2026

SPARKS, NEV. — An affiliate of Equus Capital Partners has purchased Greg Center, a four-building industrial portfolio in Sparks, approximately four miles east of downtown Reno. The portfolio was acquired on behalf of a value-add fund sponsored by Equus. Terms of the transaction were not disclosed. Built between 1995 and 2000, the 514,900-square-foot portfolio includes two mid-bay buildings and two shallow-bay buildings with frontage on McCarren Boulevard and Greg Street. The buildings feature clear heights ranging from 20 to 28 feet and a mix of rear- and front-loading configurations. Suite sizes range from approximately 5,000 square feet to 73,000 square feet. Greg Center has averaged 95 percent occupancy over the past five years.

February 2, 2026

Acquisitions California Restaurant Retail Western

DJM Capital Sells Gateway Center Retail Property in Mission Viejo, California for $51M

by Amy Works February 2, 2026

MISSION VIEJO, CALIF. — DJM Capital has completed the sale of Gateway Center, a retail property located in Mission Viejo’s master-planned community, to Asana Partners for $51 million. Located at 23972-24042 Alicia Parkway, Gateway Center features 79,108 square feet of retail space that is 97 percent occupied. Current tenants include Chase Bank, Starbucks Coffee, San Diego County Credit Union and Pacific Dental Services. Gleb Lvovich, Geoff Tranchina and Daniel Tyner of JLL Capital Markets represented the seller in the deal.

February 2, 2026

Acquisitions California Multifamily Western

Berkadia Arranges JV Equity Investor for 336-Unit Apartment Development in Fremont, California

by Amy Works February 2, 2026

FREMONT, CALIF. — Berkadia has secured a joint venture equity partner on behalf of an institutional client for the development of Aurum, the final phase of a 966-unit multifamily project adjacent to the Warm Springs BART Station in Fremont. Brett Betzler and Kaohu Berg-Hee of Berkadia brokered the deal. Located at 3300 Innovation Way, Aurum will consist of a five-story, elevator-served building with 336 apartments and more than 600 structured garage parking spaces. Community amenities will include a fitness center, resort-style pool and approximately 4,900 square feet of ground-floor retail space. Completion is slated for 2027.

February 2, 2026

Acquisitions Industrial New York Northeast Self-Storage

StorageMart Acquires Portfolio of 15 Self-Storage Facilities in New York City

by Taylor Williams February 2, 2026

NEW YORK CITY — StorageMart has acquired a portfolio of 15 self-storage facilities totaling 25,498 units in New York City, where the Missouri-based owner-operator does business under the Manhattan Mini Storage brand. The portfolio, which also offers 121 parking spaces for vehicular storage, spans approximately 1.3 million net rentable square feet and includes facilities in Manhattan, Staten Island, Brooklyn and Queens. Eastdil Secured represented the undisclosed seller in the transaction and advised StorageMart in securing acquisition financing for the deal.

February 2, 2026

Acquisitions California Restaurant Retail Western

Location Matters Negotiates $3.2M Sale of Single-Tenant Restaurant Property in Mission Hills, California

by Amy Works February 2, 2026

MISSION HILLS, CALF. — San Diego-based Location Matters has negotiated the $3.2 million sale of a single-tenant restaurant property located in the San Diego neighborhood of Mission Hills. Situated at 902 W. Washington St., the 2,505-square-foot building is occupied by contemporary American restaurant Harley Gray Kitchen & Bar, which has operated at the site for 12 years. Mike Spilky of Location Matters represented both the seller and the buyer in the transaction. The buyer plans to reposition the space with a new restaurant concept.

February 2, 2026

Acquisitions Iowa Midwest Minnesota Nebraska Retail

Marcus & Millichap Brokers $41.6M Sale of Daycare Center Portfolio in Midwest

by Kristin Harlow February 2, 2026

IOWA, MINNESOTA AND NEBRASKA — Marcus & Millichap has brokered the $41.6 million sale of the Yellow Brick Road Portfolio, a collection of 18 triple-net-leased early childhood development centers in Iowa, Minnesota and Nebraska. Spencer Berkley, Mark Ruble, Chris Lind, Zack House, Jon Ruzicka and Adam Lewis of Marcus & Millichap represented the sellers, Ben Ditzer and Bob Carlson of Triple Net Capital, and procured the buyer, a Florida-based real estate investment trust. The portfolio included a range of lease structures and ownership entities. Two additional assets were sold separately to private buyers prior to the sale of the remaining 18 properties.

February 2, 2026

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