In the News—Week of June 1, 2026
Deal of the Week
Thomas Title & Escrow is proud to highlight the successful closing of a $9.15 million self-storage acquisition in State College, Pennsylvania.
The buyer, headquartered in Phoenix, Arizona, acquired the local ownership as part of its continued national expansion strategy. This transaction required extensive coordination between the buyer, seller, lender, attorneys, title, and escrow teams to facilitate a smooth closing. The property was acquired as an existing self-storage facility and represents a strategic addition to AMERCO’s growing portfolio of storage assets nationwide. Thomas Title & Escrow’s National Commercial Services team provided comprehensive title and escrow services throughout the transaction, navigating multiple parties, lender payoff requirements, prorations, recording coordination, and interstate communications to ensure a seamless closing experience. Special recognition goes to Joel Montemayor, Escrow Officer, and Justin Wine, Business Development Officer, whose dedication, and attention to detail helped bring this transaction to a successful close. Congratulations to all parties involved. We are grateful for the opportunity to support another significant commercial real estate transaction and look forward to continuing to serve our clients across the country.
National
Truck stop operator hopes to rescue casino complex on border of Nevada, California
LV Petroleum, a Las Vegas-based truck stop operator, is in talks to take over the Primm Valley casino and hotel properties on the California-Nevada line ahead of planned July 4 closures, the New York Post reports. The company says it wants to keep the exit’s businesses running, including the truck stop, lodging and gaming venues, and to prevent hundreds of layoffs tied to the shutdown. The Primm family owns the land. Affinity Gaming currently runs the resorts, so any rescue plan would require an agreement among all parties. If a deal comes together, LV Petroleum could also revive long-dormant attractions like Whiskey Pete’s, aiming to restore Primm’s role as a classic roadside gateway to Las Vegas.
National
Sweet progress: Former sugar refinery in Brooklyn reaches about 90% occupancy
Two Trees Management says its sugar refinery in Brooklyn has reached about 90% occupancy, the New York Post reports. The former Domino Sugar plant, a $150 million project that opened in 2023, features a modern glass structure built within the site’s historic brick shell. It has attracted tech, media and AI-focused firms. Recent deals include a roughly 10,380-square-foot lease for Bandana and an 11,000-square-foot expansion by event-space operator Skylight.
National
Florida coffee shop files suit, accuses Kimco of misleading it in leasing deal
A Florida coffee shop owner has filed a lawsuit in Broward County Circuit Court accusing New York-based commercial landlord Kimco Realty and an affiliated ownership entity of fraud tied to a lease at a Fort Lauderdale shopping center, Daily Coffee News reports. The suit alleges the landlord recruited the business for a location that was already headed for major redevelopment, then began disruptive demolition and construction soon after the shop opened. Drip Coffee, which launched at the center in September 2025 and has since closed, claims it was used to generate short-term rent ahead of a planned Target-led project. The complaint seeks $9 million in damages. Kimco disputed the allegations and said it disagrees with how events have been described.
National
Colt McCoy, 14-season vet of NFL and Texas star, goes to work in CRE in Fort Worth
Former Texas Longhorns star quarterback Colt McCoy has begun a new chapter in commercial real estate after a 14-year NFL career and a stint as a college football broadcaster and advertising pitchman, D Magazine reports. He said the transition has demanded more day-to-day effort than he expected, comparing the learning curve to mastering a weekly game plan. McCoy joined HPI in 2025 to open and lead its Fort Worth office, reporting rapid early growth in leasing activity across industrial and office properties. He also credited advice and example from former Cowboys quarterback Roger Staubach as a model for building a lasting second career beyond football.
Arizona
Work begins on 1.14-million-sq-foot industrial project near I-10 and Loop 303
Lovett Industrial and Peakline Real Estate Funds have started construction on North Park Logistics Center, a 1.14-million-square-foot Class A cross-dock project planned on about 55.7 acres in Glendale, AZ Big Media reports. The site is near Northern Parkway, Loop 303 and I-10, targeting major distribution users in Greater Phoenix’s fast-growing Southwest Valley. Developers say tight supply of new large-format logistics space in the area has helped drive demand for facilities with modern specs and strong transportation access. The project is designed with 40-foot clear heights, extensive dock capacity and substantial trailer parking, and is expected to finish in Q2 2027 with a second phase planned.
Arizona
US Merchants buys just completed industrial building for $63.9 million
US Merchants bought a newly built industrial facility in Surprise for $63.9 million, marking its second location in the Greater Phoenix area, AZ Big Media reports. The site is part of a two-building business park totaling more than 700,000 square feet on roughly 46 acres, with the first building nearing 454,000 square feet. The development was designed for manufacturing, distribution and logistics, with rail access and plans for a rail spur. Building One includes extensive loading capacity, high clear heights, significant power and large parking availability for cars and trailers, while Building Two offers a smaller but still modern configuration. The location provides quick access to major highways and a large regional customer base within a short drive time.
