What happened, and who moved.
Clarion Partners has acquired Clearwater at Sonoma Hills, a 94-unit senior living community in Rohnert Park, for an undisclosed amount. The acquisition continues the firm’s investments in high-quality senior housing assets located in attractive, supply-constrained markets with strong long-term demographic…
Marcus & Millichap arranged the sale of 5655 West Fullerton Avenue, a mixed-use property featuring 24 multifamily units and four retail suites, in the Belmont Cragin neighborhood of Chicago. “Belmont Cragin continues to attract investor interest due to its strong transportation connectivity, with convenient access…
A development team of Slate Property Group, The Hudson Companies and Volunteers of America–Greater New York was selected to build nearly 1,000 apartments on a long-vacant lot in the Hunter’s Point South neighborhood of Long Island City, Queens. To be known as The Orion, the three-building, $700-million project…
Oak Brook-based Krusinski Construction Company (KCC) has completed a tenant build-out for Cooper&Hunter within the IAC – Wintergreen development in Hutchins, Texas. Cooper&Hunter now occupies the remaining 266,788 square feet of the multi-tenant facility. Located less than 15 minutes south of Dallas, the tenant…
Stotan Industrial has acquired an approximately 20-acre property at 711 Rankin Road in Houston through an off-market transaction and plans to develop Stotan Crossings 45, a 345,286-square-foot Class A industrial facility. The project marks Stotan’s entry into the Houston market and expands its Texas development…
Northmarq’s Debt and Equity team, led by Annamarie Bjorklund and Cody Field, arranged $52.15 million in debt and equity capital for Maple Knoll Apartments, a 300-unit garden-style multifamily community at 500 Bigleaf Maple Way in Westfield, Indiana. Northmarq arranged the debt and equity on behalf of the borrower,…
Private real estate equity firm Henderson Park and Lowe have acquired Plaza Bonita, a 1,031,000-square-foot enclosed regional shopping mall in National City, a San Diego suburb, from Unibail-Rodamco-Westfield. Terms were not disclosed. The joint venture partners plan to upgrade and reposition the mall through…
Developer April Housing has applied to build 252 affordable housing units in Denton. Community Impact reports that the Denton City Public Facility Corp. will evaluate the permit and consider offering a property tax exemption. Of the 252 units, 165 units will be considered affordable for Denton and serve households…
A Morgan Stanley affiliate paid $59 million for a nearly 200,000-square-foot building in Chandler where Honeywell Aerospace has been a tenant since 2020. The industrial park, Amplify Chandler, was sold by Phoenix Rising Investments. JLL brokers Ben Geelan and Greer Oliver represented the seller. The Phoenix…
Scottsdale, Arizona-based investor SimonCRE has acquired Island Plaza, a 92,112-square-foot shopping center located in Oak Harbor on Whidbey Island, with plans for redevelopment. SimonCRE has already signed a 23,666-square-foot lease with a national soft goods retailer for the center’s largest available space.…
Walmart Inc. plans to build a new Supercenter of more than 170,000 square feet at Houghton Town Center in southeast Tucson, following its $6.99 million acquisition of approximately 33.23 acres of commercial land. Diamond Ventures sold the property to Walmart Inc. Construction is expected to begin during the first…
Monticello, a 107-unit apartment community located at 415 Boren Ave in Seattle’s First Hill neighborhood, has been acquired by Nordic Partners Investments. Built in 1957, Monticello spans 42,342 net rentable square feet across 107 units in the heart of Seattle’s urban core. The off-market acquisition drew multiple…
CBRE has arranged an $85 million loan for Mi-Place at Downingtown, a newly developed 318-unit multifamily community located at 800 Horseshoe Pike in Downingtown, Pennsylvania. Matthew Klauer and Cassandra Russell of CBRE Capital Markets’ Debt & Structured Finance team in Philadelphia arranged the financing on…
Strategic Value Partners acquired a 895-unit multifamily portfolio from Resia. The portfolio comprises the 573-unit Resia Ten Oaks community in Houston and the 322-unit Resia Rayzor Ranch community in Denton, Texas. Completed in 2024, the Resia Ten Oaks and Resia Rayzor Ranch properties are high quality multifamily…
A Westlake homebuilder sold a 24-acre site to Walmart for $11.68 million. The company plans to build an 188,779-square-foot superstore that will include a pharmacy, garden center, automotive center and gas station. Minto was the seller. of the land at 5253 Seminole Pratt Whitney Road. The homebuilding company is…
JPMorganChase said Monday it intends to deploy more than $750 billion through 2035 to increase housing supply and support homeownership across the U.S. The nearly 40% increase over the firm’s housing capital deployment in the past decade will include financing for one million affordable housing units and lending to…
Linden Property Group, a multifamily real estate investment firm headquartered in Arlington, has acquired Tysons Crossing, a 217-unit apartment community in Virginia, in partnership with Akridge, a Washington, D.C.-based commercial real estate investment and development firm. The deal marks the largest acquisition…
Atlanta Beltline Inc. (ABI) is pursuing the construction of a mid-rise multifamily development at 350 Chappell Road. The Atlanta Business Chronicle reports the $62 million project includes 218 apartments, all of which will be rented at prices considered affordable for households earning between 30% to 80% of the…
Balfour Beatty, in partnership with the University of Florida (UF), will deliver 2,217 beds across four residential buildings, totaling more than 680,000 square feet. This is Phase 1 of a plan to add 10,000 new beds during the next 10 years, a $2 billion-plus initiative approved by the UF Board of Trustees. Balfour…
Lee & Associates NYC announced that Treeswift Inc., an AI-powered infrastructure technology company helping electric utilities modernize field operations, has relocated its New York headquarters to 256 W. 38th St. after signing a four-year, full-floor lease for 7,487 square feet. The Philadelphia-based tenant is…
Marcus & Millichap closed the sale of 7203 Rubio Ave., a 30-unit multifamily property in the Lake Balboa neighborhood of Van Nuys. The property sold for $9.5 million or $316,667 per unit. Marcus & Millichap Capital Corporation (MMCC), a subsidiary of Marcus & Millichap, secured $6,223,000 in acquisition financing.…
New York State Homes and Community Renewal (HCR) Commissioner RuthAnne Visnauskas announced that the first project under the Housing Acceleration Fund launched last year has closed on construction financing. North White Plains, a $178-million mixed-use transit-oriented development in Westchester County and located…
Marcus & Millichap closed the sale of 235-237 Kent Ave., two mixed-use buildings in Brooklyn’s Williamsburg neighborhood, for $16.4 million. “We are happy to successfully complete a round trip for our seller, whom we previously sold the property for $12.3 million in 2021 during the pandemic,” said Shaun Riney of…
Cushman & Wakefield, along with locally based buyers DMJ Capital Partners, LLC and StoneSteps Real Estate, LLC, announced the acquisition of a multi-tenant office property, located at 169 Saxony Rd. in Encinitas, for $13.5 million. The property was previously held in a family trust, having been owned and operated…
R.W. Holmes Commercial Real Estate has been retained as leasing agent for 846 University Ave., a Class A office property in Norwood, MA. Previously the headquarters of National Amusements and Showcase Cinemas, the property is now being marketed for lease for the first time since 2006. “Today’s tenants are looking…
Colliers completed the sale of The Ridge Apartments, located at 1718 West 55th Avenue in Merrillville, Indiana. Morgan Properties acquired the community. The sale was led by the Colliers team of Bryce Wetzel, Tyler Hague, Lauren Stoliar and Ryan Roegner, who represented the owner, Parkmont Group, a real estate…
Northmarq’s San Diego Debt + Equity team led by Conor Freeman and Aaron Beck arranged a $34-million refinance of Northwoods Apartments, a 324-unit garden-style multifamily community located at 1662 W. Arrow Hwy. in Upland. Northmarq arranged the permanent-fixed financing on behalf of the borrower through the firm’s…
JLL has closed the sale of Twelve 501 Apartments, a 336-unit multifamily community in Burnsville, Minnesota. JLL represented the seller, FPA Multifamily and secured the buyer, Osso Capital, marking their first-ever investment in Minnesota. The JLL Capital Markets team was led by Managing Director Josh Talberg,…
Lee & Associates of Illinois has closed a pair of lease renewal transactions totaling 73,513 square feet in Itasca, Illinois. Jeff Galante, SIOR, principal at Lee & Associates’ Illinois office, represented the tenant, Richards Building Supply, a national building exterior material supplier, in a 58,513-square-foot…
Slate Property Group said Friday it has closed on a new Separately Managed Account (SMA) with up to $1 billion of capital dedicated to sourcing and originating lower-leverage senior secured residential construction and bridge loans. Loans for residential developments in high-growth, transit-oriented East Coast…
With the sale of the unfinished Oceanwide Plaza site in Los Angeles recently approved by a bankruptcy court, another project left in limbo by China-based Oceanwide Holdings’ collapse is gaining renewed momentum. The San Francisco Recovery Fund has hired BXP as a development advisor on plans to build a 910-foot…
Transwestern has been retained by Maryland REALTORS to provide asset services for two office buildings totaling 64,708 square feet in Annapolis, Maryland. The properties include 200 Harry S. Truman Parkway, the association’s 54,762-square-foot headquarters office building, and 2594 Riva Road, a 9,946-square-foot…
Garfield Investments, in partnership with Broad Creek Capital, announced the acquisition of 1667 K Street NW, a nearly 200,000-square-foot office building located on the prominent corner of 17th Street and K Street NW, overlooking Farragut Square. The property was acquired for $26.2 million. The purchase is…
CBRE has arranged the sale of Langara, a 134-unit garden-style apartment and townhome community in Issaquah, Washington, for $55.1 million. CBRE represented the seller, JB Matteson, Inc., in the transaction. The buyer was not disclosed. Kyle Yamamoto, Eli Hanacek, Jordan Louie, and Natalie Kasper of CBRE’s Pacific…
Skender has started the 500 N. Michigan Avenue adaptive reuse project, a transformative conversion of a 400,000-square-foot office tower into 320 residential units on Chicago’s Magnificent Mile. Developed by Connecticut-based Commonwealth Development Partners and designed by GREC Architects, the 24-story building…
The DFW Airport already owns the Grand Hyatt DFW, Hyatt Place DFW and Hyatt House, which is under construction and slated to open in summer 2027. It’s now eyeing a fourth Hyatt hotel property. DFW Airport’s Public Facility Improvement Corp. board recently approved the purchase of Hyatt Regency DFW International…
AvalonBay Communities, Inc. and Equity Residential announced Vivmark Residential as the name for the combined company resulting from their merger of equals. The new company, which expects to trade under the ticker symbol VMRK, will have a pro forma equity market capitalization of approximately $53 billion and an…
OHT Partners has begun construction of a 360-unit apartment complex called Park Row at 14192 Park Row Blvd. in Houston. OHT recently broke ground on another project, 5 miles to the west on Park Row Boulevard. Dubbed Park Row, it will have 11 three-story buildings, a clubhouse, a pet spa and a bike storage facility…
Cousins Properties Inc. has sold the One Eleven Congress office building in downtown Austin to Canyon Creek Real Estate. Cousins sold the One Eleven Congress office building for $208 million. Eastdil Secured brokered the sale. The Austin Business Journal reports building improvements may include modernizing common…
A 179,376-square-foot retail center in Fort Worth has traded hands. JLL represented the seller, Dunhill. The buyer was EDENS. The Village at Camp Bowie sits along Camp Bowie Boulevard. The property’s tenant roster features a mix of grocery, dining and service concepts, including Sprouts Farmers Market The center…
A Kroger Marketplace is taking over a former Walmart store near Perimeter Mall in Dunwoody. The Atlanta Business Chronicle reports that Kimco, the owner of Perimeter Village since 2022, worked out the deal with Kroger’s to take over 118,000 square feet of the 183,000 square foot building. Walmart vacated its space…
Link Logistics purchased a two-building industrial portfolio totaling 352,396 square feet in Texas’ Dallas-Fort Worth and Austin metropolitan areas. The portfolio includes two infill industrial properties: a 291,285-square-foot warehouse property at 450 Airline Drive (shown) in Coppell, Texas, located within the…
Woodfield Development opened the doors to Tides at Palm Bay, a 318-unit, $100 million luxury apartment community in Palm Bay, Florida. Located at 2485 Port Malabar Blvd. NE Palm Bay, it features apartments in two five-story buildings & townhomes, alongside 19,000 square feet of commercial space. The development…
Waterton paid $128.11 million for Franklin’s Wyndchase Aspen Grove development, a high price to pay for a rental community. Despite the sale price, the Nashville Business Journal reports that the seller, Berkshire Residential Investments, lost money on the deal. Berkshire paid $138.1 million for the apartment…
Adam America Real Estate and Stellar Communities successfully refinanced the Havens at Hickory Tree Reserve, a newly completed 134-townhome build-to-rent community in St. Cloud, Florida. The joint venture secured a $35.1 million bridge loan from CoreVest American Finance Lender, LLC (“CoreVest”), replacing the…
GFP Real Estate announced today that New York-based law firm Kelman Winston & Vallone PC has signed a five-year, four-month lease for 2,695 square feet at 520 Eighth Ave. Kelman Winston will relocate to newly improved office space on the 14th floor, previously occupied by LightbulbLive. The move will provide the…
Burman Real Estate, AJM Real Estate, Caiola Real Estate Group and Park It Management broke ground on The Bridge, a $130- million, nine-story condominium development that will bring 101 for-sale, luxury residences and a 10,000-square-foot event venue to downtown Mineola, NY. The project is located at 212-214 Third…
CBRE arranged the sale of 901 Ocean Ave., a 28‑unit coastal multifamily investment property located along Santa Monica’s Ocean Avenue corridor. The property sold for $23.46 million to a private local investor, with the buyer also assuming approximately $2.4 million in transaction-related obligations, bringing the…
Marcus & Millichap announced the sale of a 134-unit multifamily portfolio in Berwyn and Maywood, Illinois. “This transaction highlights the continued demand for multifamily assets in western Cook County, where investors remain attracted to strong suburban fundamentals and convenient access to Chicago,” said Sam…
Gantry secured a $9.65-million permanent loan to refinance maturing debt from the acquisition of a two-building, infill light industrial property located at 2290 De La Cruz Blvd in Santa Clara. Principal Tony Kaufmann and associate Jake Davis with Gantry’s San Francisco production office represented the borrower, a…
Campus Village Apartments, a 41-unit apartment community located at 925 E. 18th Avenue in Ellensburg, Washington, has sold for $4.5 million. Kidder Mathews Vice President Max Frame of the Simon Anderson Multifamily Team represented the seller in the transaction. The buyer is a Moses Lake-based investor expanding…
Entre Commercial Realty recently completed the sale of a 20,500-square-foot outside storage facility at 2500 Westward Drive in Spring Grove, Illinois. Sam Deihs and John M. Joyce of Entre Commercial Realty represented the seller, and Adam Fortino of Keller Williams Commercial represented the purchaser. The property…
Marcus & Millichap closed the sale of 93 Mystic Ave., an industrial property dedicated to food processing use in Medford, MA. The sale price was $5 million. “This rare, core-located food processing facility drove interest from local, regional and national investment groups,” said Mattias Edenkrans, associate…
Wood Investment Companies, Inc. (WICo) announced the opening of a new 149,655‑square‑foot Target at Plaza de Perris, located at 1688 N. Perris Blvd. in Perris. The store opening marks a significant milestone for the center and the surrounding Inland Empire communities, according to WICo.. Target now occupies the…
Cushman & Wakefield has arranged the sale of a 782,775 square-foot industrial facility located in Frederickson, Washington. The property is fully leased to Harbor Freight Tools and has an average weighted lease term of 8.8 years, making it a core investment opportunity in the Seattle-Tacoma industrial market. The…
CBRE has arranged the sale of 5th Street Station, a 451,779-square-foot grocery-anchored shopping center in Charlottesville. Bridge33 Capital LLC purchased the property from S.J. Collins Enterprises for an undisclosed amount. Chris Munley, Colin Behr, Ryan Sciullo, and Casey Smith of CBRE’s National Retail Partners…
Cabot Properties, a global investor, developer, and operator of logistics properties, today announced the successful disposition of the North Central Portfolio, a collection of 11 modern industrial properties totaling approximately 2.5 million square feet across key industrial submarkets in Greater Chicago and…
Newmark arranged the $89-million sale of Emblem Health Hub Medical Office Building, a 140,000-square-foot, trophy-quality MOB located at 101 Pennsylvania Ave. in Brooklyn’s East New York neighborhood. Vital Infrastructure Property Trust, a Canada-based global healthcare infrastructure REIT, acquired the property…
X Capital has started work on a mixed-use development in Melissa, just outside McKinney. The Dallas Business Journal reports the company is bringing new retail and office space to the fast-growing city. And apartments may be down the road. Infrastructure work has begun on the first phase of Melissa Park Village, a…
Waterton has sold Mirasol Apartment Homes, a 400-unit asset in Las Vegas, for $87 million. Tishau Holdings Properties acquired the property. Multihousing News reports Mirasol Apartment Homes, formerly Camden Tiara, previously traded as part of a $140.2 million portfolio deal in 2019 that also included Fairways on…