Property Type

PGIM Sells Two-Property Seniors Housing Portfolio in Metro Phoenix

by Amy Works February 3, 2026

GILBERT AND MESA, ARIZ. — PGIM has arranged the sale of a two-property seniors housing portfolio in metro Phoenix. The portfolio includes The Watermark at Morrison Ranch in Gilbert and Acoya Mesa, which is jointly owned by the original developer Ryan Cos. US, in Mesa. JLL Capital Markets represented the seller in the deal. Additionally, JLL worked on behalf of the undisclosed buyer to secure a 10-year acquisition loan through Freddie Mac. The loan will be serviced by JLL Real Estate Capital, a Freddie Mac Optigo Lender for seniors housing loans. Built in 2019, The Watermark at Morrison Ranch features a two-story building with 115 units of assisted living and memory care units. The property offers Class A amenities including three distinctive dining venues, a fitness center, technology center, library and full-service salon. The asset is situated on 4.6 acres at 3333 E. Morrison Ranch Parkway. Developed and built by Ryan Cos. in 2019, Acoya Mesa consists of a three-story building offering 51 units of independent living, 91 units of assisted living and 28 units of memory care. Common areas feature a café/bistro/pub, restaurant-style dining, a movie theater, salon, game room, activities room and library. Acoya Mesa is situated on 7.9 …

February 3, 2026

Acquisitions California Office Western

CBRE Brokers $12.4M Sale of Two-Building Office Portfolio in La Palma, California

by Amy Works February 3, 2026

LA PALMA, CALIF. — CBRE has facilitated the sale of an office portfolio located at 24 and 26 Centerpointe Drive in La Palma. A local 1031 exchange investor acquired the property from an institutional seller for $12.4 million, or $257 per square foot. Anthony DeLorenzo, Sammy Cemo and Bryan Johnson of CBRE’s Private Capital Partners represented the seller in the deal. The 44,953-square-foot portfolio includes two high-image, single-story office/flex buildings situated within a landscaped campus setting. The portfolio features recent multi-million-dollar common area upgrades, a shared association lounge and efficient surface parking.

February 3, 2026

Acquisitions Illinois Industrial Midwest

Entre Commercial Realty Arranges Sale of 56,000 SF Industrial Building in Metro Chicago

by Kristin Harlow February 3, 2026

ELK GROVE VILLAGE, ILL. — Entre Commercial Realty has arranged the sale of a 56,000-square-foot industrial building in Elk Grove Village. Brad Bullington and Ian Pattison of Entre represented the buyer, a machine shop completing its third acquisition within the O’Hare industrial market. Matthews Real Estate Services represented the undisclosed seller. The property features I-90 frontage, outdoor storage capabilities and also includes future parking lot replacement.

February 3, 2026

Acquisitions Midwest Ohio Restaurant Retail

Cooper Group Brokers Sale of Chipotle-Occupied Restaurant Property in Piqua, Ohio

by Kristin Harlow February 3, 2026

PIQUA, OHIO — The Cooper Commercial Investment Group has brokered the sale of a newly constructed restaurant property occupied by Chipotle Mexican Grill in Piqua, a suburb of Dayton. The 15-year lease features 10 percent rental increases in years six and 11. The property includes the restaurant’s namesake drive-thru, Chipotlane, as well as patio seating. Dan Cooper of Cooper Group represented the seller, a longtime client. The asset sold to an all-cash 1031 exchange buyer from California at a 5.5 percent cap rate.

February 3, 2026

Leasing Activity Michigan Midwest Retail

Wellness Center Signs 1,685 SF Retail Lease at Market Place Plaza in Suburban Detroit

by Kristin Harlow February 3, 2026

FARMINGTON HILLS, MICH. — Thai Body and Soul, a wellness center, has signed a 1,685-square-foot retail lease at Market Place Plaza in Farmington Hills. Owen Kelly and Michael Murphy of Gerdom Realty & Investment represented the undisclosed landlord. Market Place Plaza is situated on Orchard Lake Road, just south of 13 Mile Road.

February 3, 2026

Acquisitions California Company News Industrial New York Northeast Top Stories Western

Brookfield to Acquire Peakstone Realty Trust in $1.2B Transaction

by John Nelson February 3, 2026

NEW YORK CITY AND EL SEGUNDO, CALIF. — Brookfield Asset Management (NYSE: BAM) has entered into a definitive agreement in which one of the firm’s private real estate funds will acquire the outstanding shares of Peakstone Realty Trust (NYSE: PKST), an industrial REIT that has a strategic focus on the industrial outdoor storage (IOS) sector. The El Segundo-based company, which sold off its final office assets in December, currently owns 76 industrial properties, including 60 IOS assets. At a proposed price of $21 per share, the all-cash transaction represents an implied enterprise value of approximately $1.2 billion. The price represents a 34 percent premium relative to Peakstone’s share price on Jan. 30, the last full trading day prior to the announcement. “This transaction recognizes the value of our industrial portfolio and the progress we have made expanding our IOS platform,” says Michael Escalante, CEO of Peakstone. At the conclusion of the acquisition, Peakstone will be a privately held company and will be delisted from the New York Stock Exchange. Founded in 2009 as Griffin Realty Trust, the company was rebranded as Griffin Capital Essential Asset REIT in January 2023 and then as Peakstone Realty Trust in 2021. For Brookfield, the …

February 3, 2026

These tables highlight major office market indicators across North America for Q42025, including vacancy rates, rents, prices per square foot, construction activity, inventory sizes and capitalization rates. Source: Lee & Associates’ 2025 Q4 North America Market Report.

Content Partner Development Features Industrial Leasing Activity Lee & Associates Loans Midwest Multifamily Northeast Office Retail Southeast Texas Western

Q4 2025 Demand Overview: Industrial and Multifamily Slowed, Office Stabilized, Retail Held Steady

by Sarah Daniels February 3, 2026

Lee & Associates’ 2025 Q4 North America Market Report looks at diverging market demand across industrial, office, retail and multifamily spaces nationwide in the last quarter. Demand continued to soften for industrial spaces, while multifamily saw a reversal: decreased demand after seven consecutive quarters of strengthening. Office saw a slow increase in net absorption, but only after six years of negative absorption; retail demand was mixed. Industrial and retail spaces contended with tariff concerns, while all four types of commercial real estate saw either decreased or slowed rent growth in the final quarter of 2025. Lee & Associates’ full, detailed market report is available to read here. The overviews for the sectors below illustrate the market landscape through data on net absorption, leasing and development activity, sales transactions and rent growth, in addition to demand. Industrial Overview: Demand Falls Under Tariff Pressure Falling demand for industrial space continued in 2025 under the added strain of the United States’ aggressive trade and tariff policies affecting commercial property markets across North America. In the United States net absorption declined again in 2025 as tenant and rent growth fell to their lowest levels since the aftermath of the financial crisis. Meanwhile, inventory growth has been scaled back …

February 3, 2026

Development Industrial Texas

Lovett Industrial, PCCP Break Ground on 668,077 SF Project in Southeast Houston

by Taylor Williams February 2, 2026

HOUSTON — A partnership between local developer Lovett Industrial and Los Angeles-based PCCP LCC has broken ground on Southport 45, a 668,077-square-foot project in southeast Houston. Southport 45 will consist of three buildings: a 395,657-square-foot cross-dock facility, a 176,452 square foot front-load structure and a 95,968-square-foot front-load building. Each building will feature 32- to 36-foot clear heights, 2,500 square feet of office space, dock levelers and warehouse lights. Southside Bank and American National Bank of Texas are financing construction of Southport 45, which is expected to be complete in the third quarter. Other project partners include Powers Brown Architecture, general contractor Harvey Cleary, civil engineer ALJ-Lindsey and leasing agent JLL.

February 2, 2026

Acquisitions Industrial Self-Storage Texas

Versal Arranges Sale of 544-Unit Self-Storage Facility in San Angelo, Texas

by Taylor Williams February 2, 2026

SAN ANGELO, TEXAS — Self-storage brokerage firm Versal has arranged the sale of a 544-unit facility in the West Texas city of San Angelo. Lone Star Storage Center – San Angelo features 69,525 net rentable square feet of space across 334 non-climate-controlled units and 210 climate-controlled units. Bill Bellomy, Michael Johnson, Logan Foster and Hugh Horne of Versal represented the seller and procured the buyer, both of which were Texas-based limited liability companies, in the transaction.

February 2, 2026

Acquisitions Retail Texas

SRS Brokers $12.5M Sale of Retail Building Leased to EōS Fitness in Atascocita, Texas

by Taylor Williams February 2, 2026

ATASCOCITA, TEXAS — SRS Real Estate Partners has brokered the $12.5 million sale of a 42,000-square-foot retail building in Atascocita, located northeast of Houston. EōS Fitness occupies the building, which was constructed on a 4.6-acre site in 2024, on a 15-year, corporate-guaranteed lease. Patrick Luther and Matthew Mousavi of SRS represented the seller, an East Coast-based developer, in the transaction. The duo also procured the buyer, a Midwest-based private investor. Both parties requested anonymity.

February 2, 2026

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