Retail

Hanley Investment Group Arranges Sale of Three O’Reilly Auto Parts Stores in Wisconsin

by Kristin Harlow July 14, 2026

WISCONSIN — Hanley Investment Group Real Estate Advisors has arranged the off-market sale of three single-tenant retail properties occupied by O’Reilly Auto Parts in Wisconsin. Eric Wohl and CJ Kiehler of Hanley, in association with ParaSell Inc., represented the seller, a Montana-based development company. The three buildings each total around 7,000 square feet and are located in Oshkosh, Pulaski and Middleton within the Fox Valley and greater Madison trade areas. As of March 31, O’Reilly Auto Parts operated 6,644 stores across 48 U.S. states, Puerto Rico, Mexico and Canada.

July 14, 2026

Acquisitions California Mixed-Use Multifamily Retail Western

Marcus & Millichap Brokers $22M Sale of Mixed-Use Property in Pasadena, California

by Amy Works July 14, 2026

PASADENA, CALIF. — Marcus & Millichap has brokered the $22 million sale of 119 S. Los Robles Avenue, a mixed-use building in Pasadena. A company doing business as MLT VII LLC sold the asset to an undisclosed funding investment corporation. Built in 2015, the five-story property features 50 condominiums and 3,700 square feet of retail space. All units offer central air conditioning and heating, washer and dryer connections and stained concrete flooring. The controlled-access property features gated parking and an enclosed mail room. Tony Azzi and Rabbie Banafsheha of the Azzi Group of Marcus & Mililchap represented the seller in the transaction. Azzi and Banafsheha also collaborated with Arteen Zahiri and Ian Habbestad of Marcus & Millichap to procure the buyer.

July 14, 2026

Features Retail

Retail Real Estate Enters New Era of Confidence, Say JLL Survey Takers

by Abby Cox July 14, 2026

CHICAGO — After years of uncertainty fueled by inflation, rising interest rates and changing consumer behavior, retail real estate has entered a notably different phase. According to JLL’s 2026 U.S. Retail Thematic Outlook and Investor Survey, the sector is no longer in recovery mode — it’s operating from a position of strength. Retail activity surged in the first quarter of the year as transaction volume hit $13.5 billion, a 5 percent year-over-year increase. Concurrently, the trailing 12-month volume climbed to $62 billion, representing a 31 percent increase over the previous period. Retail now accounts for its highest share of U.S. sector investment in a decade, sitting at 14 percent. The survey of nearly 150 retail investors paints a picture of a market supported by historically limited new supply, healthy consumer demand and renewed investor confidence. While broader economic concerns remain, the outlook suggests retail has become one of commercial real estate’s most compelling investment narratives, driven by strong fundamentals. One of the clearest indicators of that confidence is investor appetite. Nearly two-thirds (64 percent) of respondents said they expect to increase retail acquisitions in 2026, while fewer than half (48 percent) anticipate selling more assets. The imbalance between buyers and …

July 14, 2026

Acquisitions Retail Texas

JLL Brokers Sale of 72,184 SF Shopping Center in Northwest Houston

by Taylor Williams July 13, 2026

HOUSTON — JLL has brokered the sale of Vintage Marketplace, a 72,184-square-foot shopping center in northwest Houston. Whole Foods Market anchors the center, which was roughly 95 percent leased at the time of sale. Other tenants include Torchy’s Tacos, Orangetheory Fitness, MOD Pizza, Jersey Mike’s and Nothing Bundt Cakes. Ryan West, Chris Gerard and Erin Lazarus of JLL represented the undisclosed seller in the transaction. The buyer was Brixmor Property Group.

July 13, 2026

Acquisitions New York Northeast Office Retail

Spear Street Capital Buys Lower Manhattan Office, Retail Building for $50.5M

by Taylor Williams July 13, 2026

NEW YORK CITY — San Francisco-based investment firm Spear Street Capital has purchased 76 Eighth Avenue, a 10-story office and retail building in Lower Manhattan, for $50.5 million. The 35,620-square-foot building was completed in 2022 and was fully leased at the time of sale, with Wells Fargo occupying the retail space. Andrew Scandalios, David Giancola, Vickram Jambu, Drew Isaacson and Jennifer Zelko of JLL represented the seller, G4 Capital Partners, in the transaction. Aaron Niedermayer, Peter Rotchford and Christopher Pratt, also with JLL, arranged $27.7 million in acquisition financing for the deal through DekaBank.

July 13, 2026

Connecticut Leasing Activity Northeast Restaurant Retail

Golf Lounge 18 Opens 7,700 SF Entertainment Venue in Stamford, Connecticut

by Taylor Williams July 13, 2026

STAMFORD, CONN. — Golf Lounge 18 has opened a 7,700-square-foot entertainment venue in the southern coastal Connecticut city of Stamford. The space is located within Atlantic Station, a mixed-use development in the downtown area, and features multiple golf simulators in addition to food-and-beverage offerings. Golf Lounge 18 now operates 11 venues nationwide. RXR owns Atlantic Station.

July 13, 2026

Acquisitions California Office Retail Western

NAI Capital Arranges $10.8M Sale of 24,670 SF Educational Facility in Irvine, California

by Amy Works July 13, 2026

IRVINE, CALIF. — NAI Capital Commercial has arranged the $10.8 million sale of 17872 Cowan, an educational facility in Irvine. Orange County Music & Dance (OCMD) acquired the property for $438 per square foot. The 24,670-square-foot facility will nearly double the nonprofit performing arts school’s instructional space, which includes OCMD’s existing campus at 17620 Fitch. Slated to open in November, the Cowan campus will feature five dance and rehearsal studios, 10 teaching studios, six music rehearsal rooms, a keyboard lab, advanced music production studio and flexible recital and performance spaces. The expansion will also support new early childhood, conservatory, world music and adult education programs. John Bosko of NAI Capital Commercial’s Investment Services Group represented the buyer in the deal. The name of the seller was not released.

July 13, 2026

Acquisitions Illinois Midwest Retail

Quantum Negotiates $5.8M Sale of Shopping Center in Aurora, Illinois

by Kristin Harlow July 13, 2026

AURORA, ILL. — Quantum Real Estate Advisors Inc. has negotiated the $5.8 million sale of a 23,000-square-foot shopping center located at 405 N. Eola Road in Aurora. The center consists of 13 suites and is home to local, regional and national tenants. Brett Berlin of Quantum brokered the transaction. A local investor sold the property to an owner, developer and manager focused on acquiring neighborhood strip centers.

July 13, 2026

Acquisitions Leasing Activity Michigan Midwest Retail

SpurLine, Midloch Acquire 45,000 SF Retail Property Near Ann Arbor to Be Occupied by VASA Fitness

by Kristin Harlow July 13, 2026

YPSILANTI, MICH. — SpurLine Holdings and Midloch Investment Partners have acquired a 45,000-square-foot store formerly occupied by JoAnn Fabrics in Ypsilanti for $5.1 million. Following a gut renovation, the property will be occupied by VASA Fitness. The asset is part of a shopping center anchored by Meijer and Target. Cory Gross of Marcus & Millichap represented the buyers. Completion and occupancy are targeted for May 2027. The transaction represents the second joint investment between SpurLine and Midloch. In May 2025, the firms acquired a vacant, former Safeway grocery store in Longmont, Colo. That space also became occupied by VASA Fitness.

July 13, 2026

Hospitality Market Reports North Carolina Office Restaurant Retail Southeast Southeast Market Reports

Western North Carolina Is Changed, But Not Broken, Following Hurricane Helene

by John Nelson July 13, 2026

Hurricane Helene was not a modest disruption. It was a disaster of historic scale. The North Carolina Office of State Budget and Management estimated total damage and recovery needs at $59.6 billion as of Dec. 2024, including damage to more than 73,000 homes, more than 100 confirmed deaths in North Carolina and a federal disaster declaration covering 39 counties. As a broker in Western North Carolina (WNC), I am often asked why the commercial real estate market has remained as strong as it has. The answer is not that the market avoided pain. It did not. The answer is that a tightly supplied market behaves very differently from a soft market after a disaster. In WNC, Hurricane Helene did not expose oversupply. It exposed scarcity. Before Helene, the Asheville-area commercial market already had very little slack. In NAI Beverly-Hanks’ second-quarter 2024 Asheville MSA commercial market report, CoStar Group-derived vacancy stood at 5.3 percent for industrial, 2.8 percent for office and 1.6 percent for retail. Earlier 2024 reporting from the same source showed similarly constrained conditions, reinforcing the same point: this was already a tight market before the storm arrived. A familiar recovery pattern That pre-storm scarcity shaped the recovery pattern. …

July 13, 2026

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