Marcus & Millichap has brokered the sale of Sturgis Crossings, a 42-unit residential property in Saint Johns, Michigan. Its subsidiary, Marcus & Millichap Capital Corporation, secured acquisition financing through a national credit union for the local buyer. The 29,770-square-foot asset sits north of Lansing and was sold by an out-of-state vendor as part of a 1031 exchange strategy.
Skanska has agreed to sell TingsParken, a self-developed 128-unit rental residential project in the GoCo area of Mölndal, Gothenburg, to the Folksam Group through KPA Pension for about SEK 380 million. The scheme covers over 7,700 square metres across three buildings and targets Miljöbyggnad Silver certification. Recorded in Q4 2026, final handover will take place upon completion in Q1 2029.
AEW Europe has acquired a 26,677 square metre urban retail park within Granada's Granaita Retail Park in southern Spain. Comprising five buildings with 26 units across retail and leisure spaces, the near-fully occupied scheme benefits from direct access to the GR-30 ring road. Future investment will add solar panels and EV chargers to complement its BREEAM In-Use "Excellent" gallery area.
Newforma has acquired Toronto-based AI analytics developer Lumi AI to enhance its project and information management tools for AECO firms. The deal integrates Lumi AI’s plain-language analytics engine into Newforma's software ecosystem, combining artificial intelligence with over 20 years of structured construction data to deliver verifiable, accurate project insights across connected operational systems.
CBRE Group has entered into a definitive agreement to acquire UK-based data centre infrastructure specialist Onnec Group for £460 million in cash, plus an earnout of up to £300 million. Onnec’s 800 employees deliver network, fibre and data centre solutions across Europe and Asia Pacific. The deal expands CBRE’s critical infrastructure unit, which projects total 2027 revenues of nearly $4.5 billion.
M&G Real Estate has expanded its European portfolio by acquiring two residential properties in Greater Paris from French REIT Gecina for €67 million. The off-market purchase adds 173 newly built rental apartments in Hauts-de-Seine across Alba Residence in La Garenne-Colombes and Rueil Arsenal in Rueil-Malmaison. The deal marks the tenth acquisition for the M&G European Living Property Fund, taking its total holdings to over 1,700 homes.
