The company bought Sunseeker Resort on Charlotte Harbor, a 785-room hotel located in Punta Gorda, Florida. The seller was Allegiant Travel. Amenities at the resort include multiple food-and-beverage concepts, two swimming pools, an additional rooftop swimming pool and bar, spa, fitness center, championship golf course and indoor meeting space.
The firm bought the 492-room tower at 99 Washington St., previously a Holiday Inn, from GF Hotels & Resorts. Hawkins says the property offers substantial opportunity and they plan to "strategically" reposition it. FCL Management is set to operate the property once it is repositioned, with plans to introduce community dining areas, workspaces and a gym.
The company acquired two Class A industrial assets spanning 455,904 square feet in Hanover, Maryland, from Clarion Partners. Located on 38 acres at 1020 and 1025 Airport 100 Way, the two warehouses are situated near the Baltimore/Washington International Airport. The two facilities, spanning 321,504 and 134,400 square feet, were built in 2001.
The firm acquired Georgia Crossing, a 317,301-square-foot shopping center in Buford, Georgia. Washington Prime Group sold the asset. Completed in 1999 at 3205 Woodward Crossing Blvd., Georgia Crossing consists of six one-story buildings across a 30-acre site. The retail center was fully leased at the time of sale.
The Fairfield Inn & Suites in Milford, Massachusetts was sold to an unnamed regional owner/operator. Terms and conditions of the sale weren't disclosed. The buyer plans to renovate the three-story, 73-room property and retain the Fairfield banner. The property was built in 2001.
The firm acquired Perse Apartments, a 384-unit luxury community in Orlando, Florida. Trion Properties sold the asset after four years of ownership. Perse Apartments was built in 2008 at 8151 Patterson Woods Dr. and features 17 three-story buildings across a 21-acre site. Shared amenities include a resort-style pool with sundeck and cabanas, fitness center and a clubhouse.
The company finalized its purchase of the Catholic Archdiocese of New York's former Midtown East headquarters. Vanbarton plans to convert the office building into a residential conversion for about $100 million. Conversion plans include 420 units of housing over 26 stories, along with 7,399 square feet of ground-floor retail.
The loan will finance The Galleria at Crystal Run, a 1.1 million-square-foot regional shopping center located in Middletown, New York. Macy's, JCPenney and Target anchor the property, which offers more than 100 retail shops. The four-year loan will allow Pyramid to continue reinvesting in the property, including plans for assorted renovations.
The loan is for the developer's 150-unit Carlow Wind Watch complex in Hauppauge, New York. Located at 1721 Motor Pkwy., Carlow Wind Watch consists of two seven- and five-story buildings with underground parking. Community amenities include a saltwater pool, a spa, outdoor dining areas and a fitness center.
A JV between Broad Street Development and TPG Angelo Gordon acquired a 10-story historic building at 139 Franklin St. The developers plan to turn the building into an upscale residential building. The seller was the Sofia family, who owned a storage rental business since 1910.
Turnbridge Equities was the stalking horse bidder in bankruptcy proceedings to take control of the 103,000-square-foot lot at 20-25 130th St. in College Point. The seller was Zano Industries, a trucking company that filed for Chapter 11 bankruptcy protection in 2024. Turnbridge Equities said it plans to renovate the now-vacant lot with paving, fencing and lighting, and it plans to lease out the space.
Nuveen sold the 358 apartments at 6290 N.W. 173rd St. for $261,173 per unit. Greystar aleady renamed the complex Avana at the Moors. The three-story apartment complex, built in 1989, includes a clubhouse and a pool. The property last traded for $71.3 million in 2018.
A JV between Live Oak Real Estate Investments and Tritower Financial Group acquired One Bowdoin Square, a 141,831-square-foot office building in Boston. Located at 15 New Chardon St. and built in 1972 as a seven-story building, the property went through complete renovations and saw the addition of four floors in 1989. The seller was undisclosed.
The firm acquired Maryland Trade Center III, a 192,000-square-foot medical office building in Greenbelt, Maryland. Top Care Management was the seller of the 12-story property, which was 74% leased at the time of sale. Located at 7501 Greenway Center Dr., Maryland Trade Center III was built in 1989 and completely renovated in 2012. Amenities include a fitness center, cafe and daycare facility.
The bridge loan is for The Lanes at Union Market, a 110-unit property in Washington, D.C. The Lanes at Union Market, built in 2022, was acquired by HH Fund at a foreclosure auction in July 2024. The borrower worked with local universities to revamp the building from a conventional multifamily project into a modern student housing project.
The firm landed a loan for the acquisition and lease-up of a 207,000-square-foot light manufacturing building located at 3200 Lakewood Ave. SW in Atlanta. Situated near Hartsfield-Jackson Atlanta International Airport, the single-story facility features 29-foot clear heights and multiple dock-high doors.
The firm picked up Buttonwood Plaza, a 60,000-square-foot retail center located in Greenacres, Florida. Built in 1986, the center is situated on five acres at the southeast corner of Jog Road and 10th Ave. North. The property was 97% leased at the time of sale by an undisclosed seller. This acquisition marks the first time the center has been sold in 25 years.
The firm bought six warehouses at 5801-5897 Southwest 21st St., 5901-5981 Southwest 21st St. and 2100 Southwest 59th Ave. in West Parks. The buildings, housing 116 tenants, were completed in the 1970s and span a combined 228,000 square feet. The seller was Interstate Development Limited Partnership.
The firm acquired Delray Corner, an 86,000-square-foot retail center located in Delray Beach. The center was 96% leased at the time of sale. Originally constructed in 1981, the property underwent significant renovations in 2023 to allow for more tenants. The seller was Berta Management.
The company purchased Paulsboro Gardens Apartments, a 150-unit affordable housing complex in Paulsboro, New Jersey. The 70-year-old property was sold by an unnamed local family. Located at 70 Baird Ave., the 9-acre property has 21 low-rise residential buildings. PRC plans to make accessibility upgrades, interior unit renovations and exterior improvements.
The firm picked up The Crossings at South Fayette, a 38,203-square-foot shopping center in Pittsburgh. Located on Interstate 79 at the intersection of Route 50 and Washington Pike, the property includes a free-standing grocery store that anchors the center and two multi-tenant outparcel strips. The seller was an unnamed local family who redeveloped the site.
The firm acquired 9-11 Hampshire St. in Mansfield, Massachusetts, a 155,348-square-foot office building located within the Cabot Business Park. The seller was undisclosed. Located at the intersection of I-95 and I-495, 9-11 Hampshire St. is 76% leased.
The loan will refinance PENN 11, a 1.2 million-square-foot office property at 393 Seventh Ave. in Manhattan. Citigroup, BMO Capital Markets and Societe Generale co-originated the loan. PENN 11 is a 26-story asset which Vornado acquired in 1980 from The Equitable Life Assurance Society of the United States for $30 million.
The financing loan is for The Fairways, an 849-unit Class B apartment complex, located at 1 Forest Ridge Rd. in Derry, New Hampshire. The Fairways is a garden-style community constructed in 1984.
The loan will refinance Hampton Business District, a five-building, 50-acre, master-planned business park with 385,000 square feet of space in Westhampton Beach, New York. The business park is currently 94% leased to 24 tenants. Rechler Equity developed the business park, located within the Francis S. Gabreski Airport, with Suffolk County in 2014.
The firm purchased Gramercy Square at Ayrsley, a 358-unit multifamily property in Charlotte, North Carolina. The seller was Simpson Housing. Completed in 2009, Gramercy is a 10-building community at 3201 Windshire Lane with amenities including a resident lounge, a swimming pool, a business lounge, a fitness center and grade-level parking.
The developer sold the historic Bronx General Post Office at 558 Grand Concourse to Maddd Equities. Youngwoo paid $19 million when it bought the 175,000-square-foot building from the U.S. Postal Service in 2014. After buying the building, Youngwo sunk about $40 million into renovations for the property, which is located at East 149th St.
The real estate firm acquired a two-story property at 88-90 N. 6th St. and an adjacent 3-story building at 169 Wythe Ave. for a combined $31 million. The seller was ABA Realty Management. Empire State Realty Trust did not divulge its plans for the two buildings.
The firm scooped up a 218,316-square-foot industrial property in Ashland, Massachusetts. The property includes two buildings on an 18-acre site, which were fully leased at the time of sale. The seller was a private individual.
The firm purchased the 61,528-square-foot office building located at 555 S. Independence Blvd. in Virginia Beach, Virginia. The seller was 5555 S Independence. The buyer plans to use the property as its new headquarters.
The firm acquired CityPark View Apartments, a 484-unit multifamily property in Charlotte, North Carolina. LivCor was the seller. The garden-style community is located at 1710 Piedmont Hills Place and includes 15 two- and three-story buildings. Amenities at CityPark View include two fitness centers, two swimming pools with poolside fire pits, a clubhouse with coworking spaces and more.
The company sold its 120-unit luxury rental community outside Hackettstown to an undisclosed buyer. Located off Route 517 and Bilby Rd., the property was built in 2023 and reached full occupancy in spring 2024. The building features smart-home technology, private balconies or patios in select units and amenities such as a high-end fitness center, a swimming pool with a sundeck and a clubhouse with coworking spaces.
The investment company landed a $38.3 million loan to refinance 1250 I Street NW, a 12-story, 180,000-square-foot office in Washington, D.C.'s East End. The loan will refinance existing debt and fund improvements, including a tenant amenity suite on the top floor. Kairos acquired the building from DSC Partners in 2023.
The company acquired Delray Corner at 14802 South Military Trail and 4970 West Atlantic Ave. for $335 per square foot. The seller of the 86,000-square-foot retail complex was Berta Management. Delray Corner is currently 96% occupied and a majority of the tenants have lease terms of more than eight years.
The loan is for the refinancing of three affordable seniors housing properties totaling 203 units in Brooklyn. West End Gardens I and II are both located in the Borough Park neighborhood and Webster Terrace is located in the Kensington submarket. All three properties are reserved for renters aged 62 and above and mobility-impaired individuals.
The company parted with its 44,000-square-foot industrial building in Camden County. Located at 900 Kennedy Blvd., the facility is home to a wholesale distributor of plumbing, heating, cooling and other products. The building has 10,296 square feet of front warehouse space with 12-foot ceiling heights and 22-foot ceiling heights in the main warehouse. The buyer was undisclosed.
The company purchased a six-property, 1,600-unit multifamily portfolio for roughly $140,000 per unit. The assets are located in and around metro Atlanta, Georgia and Tampa, Florida, along with a stray location in Phoenix, Arizona. ZMR Capital sold the assets but did not disclose the list of properties. Slate says the garden-style communities are "well occupied" and situated near grocers and other service providers.
A JV between Fetner Properties, MCB Real Estate and Farallon Capital acquired the 463-unit building at 240 Willoughby St. in Fort Greene, Brooklyn. The seller was Rabsky Group. The building includes a number of luxury amenities, such as a fitness center and yoga studio, a golf simulator room, a karaoke room and a dog run.
A JV between Joy Construction, MADDD Equities and a private individual secured the refinancing loan for The Lewis, a 186-unit luxury property in Manhattan. The property stands 12 stories at 411 W. 35th St. in the Hudson Yards District. Completed in 2018, The Lewis features studio, one- and two-bedroom units with commercial space and common-area amenities that include a gym, resident lounges, as well as 24/7 concierge services.
The investment firm recently acquired two apartment complexes in Saratoga County, New York. The seller of the 468-unit Fox Run Apartments in Clifton Park and the 198-unit North Pointe Apartments in Halfmoon was undisclosed. Merion Realty Partners said both properties will undergo upgrades, including roof replacements, clubhouse enhancements and amenity overhauls.
The financing enabled Laurelmead to acquire the land beneath its senior community, located in Providence, Rhode Island, which it previously leased from Butler Hospital. Open since 1994, Laurelmead features amenities including an indoor pool, four dining venues, a health and wellness spa, a game room and an on-site theatre. Lauralmean says owning the land its community stands on, instead of leasing it, secures its ability to continue providing senior living services for "decades to come."
The company acquired the five-floor retail space at 101 Seventh Ave. for $11 million. The seller was Regency Centers. The space originally held a Barney's retail location, but now features a rotating selection of pop-up stores.
A JV between Fetner Properties, MCB Real Estate and Farallon Capital Management purchased and assumed the ground lease of 240 Willoughby St., a 463-unit community in Brooklyn's Fort Greene neighborhood. Rabsky Group was the seller. The property includes studio, one- and two-bedroom units and amenities including a yoga studio, business lounge and onsite parking.
LargaVista Companies sold 30-25 Queens Blvd. and Baron said it'll build a 561-unit apartment complex on the site. There's no timeline for the project's construction, but the building will also include 169 affordable units, 110 condominiums and 21,000 square feet of retail. LargaVista said it plans to partner with Baron on constructing the apartment building.
The company unloaded Roslyn Lumber Yard, which features 25 luxury residential duplex units and 60,648 square feet of retail space. The buyer was GB Family Holdings. Built in 2016, the property is fully leased.
The firm bought a 95-unit apartment building in the Logan Square neighborhood near downtown Philadelphia. The six-story building at 1600 Callowhill St. was originally constructed in 1926, then renovated in 2019, and offers 2,500 square feet of retail space. The seller was Ivy Realty.
The firm acquired Sheridan Village Center, a 64,311-square-foot mixed-use retail and self-storage property located in Pembroke Pines. The property comprises 29,331 square feet of ground floor retail space, as well as a 419-unit self-storage facility that totals 35,000 square feet. The seller was Sheridan Real Estate Group.
The company acquired the warehouse/flex property at 348 Turnpike St. in Canton, Maryland. The 39,100-square-foot facility will serve as a headquarters for Bosco Crane. The seller was 348 Turnpike.
A JV between David Werner Real Estate Investments and Sam Fisch Development locked the acquisition financing for a Lower Manhattan office asset slated for residential conversion. Located at 5 Hanover Square, the 25-story building will be converted to residential units, but portions of the building are expected to be adapted for retail or further office use. The building was just 41% occupied at the time of sale.
The loan is for the refinancing of The Alyn, a 56-unit apartment building in Manhattan's Carnegie Hill neighborhood. Completed in 2019, The Alyn features one-, two-, three-, four- and five-bedroom units and amenities including a lounge, wellness center and a children’s playroom.
A JV between Metropolitan Realty Group and Citadel Care Centers secured the loan to acquire and rehabilitate a senior living facility in the Bronx's Fordham Manor neighborhood. The loan is for Kittay House, a 295-unit affordable senior living facility at 2550 Webb Ave. The facility provides social, educational and recreational programs for seniors, as well as meals, housekeeping and access to health care and other services.
The company purchased Plunge Beach Resort, a two-building property that includes a five-story hotel with 137 rooms and a two-story motel with 26 rooms. Located at 4640 and 4660 El Mar Dr., the two structures were built in the 1950s and 1970s and share a pool deck. The seller was an unnamed entity managed by Boca Raton-based Oleksandr Naumyk and Liubov Tereshko.
The firm unloaded its 36,000-square-foot industrial complex in the Long Island City area of Queens. Built in 1960, the two-story building at 11-40 Borden Ave. was fully leased at the time of sale. The buyer was Terreno Realty.
Located in Conowingo, Maryland, Conowingo Court and Maybelle Manor include 191 total units between both locations, of which 79% are occupied. The seller was undisclosed. UMH Properties said it'll implement renovations and assorted improvements to boost occupancy rates and property value.
The investment firm bought the 391-key hotel, known as The Dominick, from CIM Group. President Donald Trump's family company owned the 46-story hotel at 246 Spring Street until 2017, when CIM bought out Trump's management and licensing agreement on the property. CIM changed the name of the building from Trump SoHo to The Dominick after the hotel struggled to attract guests and sales fell short following the 2016 election.
The firm sold Vida Lakewood Rancho, located in Bradenton, to an undisclosed buyer. The 304-unit complex, located at 11109 Vida Circle, is a two-story, garden-style apartment community and features one- and two-bedroom units. Community amenities include a state-of-the-art fitness center, a clubhouse with community kitchen, pool table and poker table and a walking trail.
The firm sold Alta Deco, a 297-unit garden-style multifamily community in Orlando, Florida, to Bonaventure Senior Living. Completed in 2023 at 9505 Axis Way, the pet-friendly community includes seven three- and four-story buildings. Common-area amenities offer a fitness center and a yoga studio, a business center, a swimming pool with poolside cabanas and a clubhouse.
The firm secured the loan for a 14-story mixed-use development at 133-09 37th Ave. in Flushing, Queens. A portion of the loan will be used to acquire the land and the remainder to develop the mixed-use building. The building will include commercial space, 99 residential units and underground parking spaces.
The loan will refinance Cross Creek Mall, a 790,582-square-foot retail property in Fayetteville, North Carolina. Cross Creek Mall opened in 1975 and features 108 stores, including H&M, Starbucks, Bath & Body Works and Claire's. CBL & Associates Properties says Cross Creek is the only super-regional mall within a 75-mile radius.
The loan is for the refinancing of Kinship, a newly built, 301-unit apartment community in Charlotte. Kinship was 35% occupied at the time of the loan closing. Amenities include work-from-home office spaces, an outdoor pool and lounge area, gas grills and fire pits, fitness center, communal kitchen, conference room, bike storage, rideshare spots, a parking garage and a shared rooftop space.