Fundrise affiliate funds secured the debt package from Goldman Sachs and TPG Real Estate Credit to refinance 12 industrial assets totaling 3.18 million square feet across the mid-Atlantic and Sun Belt regions, including Maryland, Virginia, Florida, Texas, Nevada, Georgia and Arizona. The portfolio is leased to tenants in third-party logistics, distribution services and technology sectors.
The properties, Foxrun Apartments and North Pointe Apartments, are located in Clifton Park in upstate New York. Foxrun Apartments has 468 units spanning 41 acres and North Pointe Apartments has 198 units across 12 acres. The Solomon Organization sold the properties, which were both over 90% occupied at the time of the sale.
Starlight U.S. Multi-Family (No. 2) Core Plus Fund sold its Hudson at East Apartments property in Orlando, Florida, after failing to secure a loan extension. The sale proceeds were used to fully repay the $67 million loan secured by the property. The lender required the sale because the seller couldn't meet the conditions for a loan extension and was unable to provide a significant principal paydown. This transaction marks the completion of the seller's liquidation of all its investment properties. No bankruptcy filing or restructuring was reported; the sale was a lender-driven liquidation following loan maturity.
CORE sold Palmetto Plaza, a 186,095-square-foot retail center in Miami Gardens, Florida, to an undisclosed buyer. The property, which is over 95% leased and anchored by ALDI and Dollar Tree, sits on nearly 12 acres. Other tenants include The UPS Store, Dunkin’ Donuts, Regions Bank and Bright Star Academy. CORE originally acquired the center in 2021 for $33 million.
Catalyst Healthcare Real Estate sold the property for an undisclosed price. Located on the campus of the University of Maryland Laurel Medical Center at 7140 Contee Rd., the 55,598-square-foot property is anchored by University of Maryland Medical System-related entities and the University of Maryland Faculty Physicians.
Chase Bank and Morgan Stanley Bank co-originated the CMBS loan for a joint venture between LXP Industrial Trust and Davidson Kempner Capital Management, for the 20-property, 6.3 million-square-foot industrial portfolio across 11 states, including Georgia. Loan proceeds will repay $345.5 million in existing debt, with $15.9 million in equity and $9.8 million for closing costs. The portfolio includes manufacturing, distribution, warehouse and cold storage properties.
The five-year, fixed-rate Freddie Mac loan from Wells Fargo Multifamily Capital will refinance Anagram NoMad, a 392-unit residential tower in Manhattan. JLL Capital Markets represented the borrower and JLL Real Estate Capital will service the loan. The tower was completed in 1998 and features 24 studios, 278 one-, 70 two- and 20 three-bedroom apartments at 10 E. 29th St. Amenities on the property include a library, coworking area, children's playhouse and a rooftop lounge. Global Holdings acquired the property in 2020, which was also financed by Wells Fargo with a $250 million loan.
The private credit company acquired the 22-story multifamily building 1818 Park in Downtown Hollywood, Florida, from GCF Development. The building, completed in 2022, is 237,109 square feet and has 273 units and 10,000 square feet of retail space. The units are a mix of studios and one-, two- and three-bedroom apartments and feature stainless steel appliances, washers and dryers, quartz countertops and porcelain tile floors. Community amenities include two swimming pools, two fitness centers, entertainment and social lounges, a rooftop terrace and private conference rooms.
Buligo Capital acquired the Sarasota Industrial Business Center, which includes five industrial parcels totaling over 186,650 square feet of shallow-bay industrial space and 1.1 acres of industrial outdoor storage and laydown yard. Ian Black Real Estate represented the seller, GBA Holdings, a joint venture between Biscayne Atlantic and Genet Property Group. Biscayne Atlantic purchased the park in 2023 and invested $1.3 million in capital improvements prior to the sale. At the time of the transaction, the property was 85% leased.
Ariel Property Advisors arranged the sale of the multifamily development site at 224-240 Clarkson Ave. in Prospect Lefferts Gardens, Brooklyn, New York City. The site, located in an Opportunity Zone, can support up to 150,000 buildable square feet of new development. The seller was private investor Albert Rabizadeh and the buyer wasn't disclosed.
3M Associates, a Jacksonville-based buyer, acquired the former Acosta headquarters at 6600 Corporate Center Parkway in Southpoint from W.P. Carey. The property, built in 2001, is a three-story, Class A office building totaling 88,062 square feet on 6.89 acres. Located within the Southpoint Business Park near Butler Boulevard and Interstate 95, the buyer plans to convert the building into a school.
Lincoln Property Group and Cross Oceans Partners acquired the leasehold interest in 470 Vanderbilt Ave., a 650,000-square-foot, 10-story mixed-use office building in Brooklyn. RXR Realty previously purchased the property in 2014 for $194.5 million. The building, which underwent a cosmetic renovation in 2014, is fully leased, with anchor tenants including the New York City Human Resources Administration and the New York City Housing Authority. The building is 10 stories and has 20,000 square feet of retail space on the ground floor.
Foundry Commercial and American Realty Advisors secured the floating-rate loan from Synovus Bank for Osprey Logistics Park in Coral Springs, Florida. The industrial park, built in 2023, spans 427,515 square feet on 22.2 acres. The park consists of two industrial buildings at 12000 NW 39th St.
Proceeds retire an existing $120 million loan for 4 Union Square South, a 204,000-square-foot retail property. Tenants of the six-story property include DSW Shoes, Burlington Coat Factory, Sephora and Five Below. Vornado acquired the property in 1993 for $17 million.
ZMR Capital and Slate Asset Management recapitalized the 1,600-unit portfolio with three properties in Florida, two in Georgia and one in Arizona. The portfolio includes:
Nashville-based Southern Land borrowed the loan for Carlow Wind Watch, a 150-unit apartment complex in Hauppauge, Long Island. The two-building property includes one-, two- and three-bedroom units. Amenities include a pool, spa, fitness center and outdoor grilling and dining stations.
Savlan Capital, an industrial park investor based in Hollywood, acquired the portfolio of seven warehouses, all located in Jacksonville. The properties total over 765,000 square feet on 71 acres in Lakeside Center and Flagler Center and were built between 1997 and 2007. The vacancy rate at the time of sale was 57.2%. There are two medical facilities in the portfolio, Baptist Medical Center South and Brooks Rehabilitation Hospital, and Salvan is planning to convert portions of the buildings into medical offices.
Florida-based 4th Dimension Properties acquired most of Independence Mall for $48.8 million from Rouse Properties. The transaction excludes anchor tenants Belk and Dillard’s, which own their buildings. Additionally, 4th Dimension Properties purchased a nearby nearly one-acre parcel at 3750 Oleander Dr., home to a Wells Fargo Bank branch, for $2.45 million. Several retail spaces remain available for lease.
Thorofare Capital provided the bridge loan to refinance Cambridgeport Labs, two newly renovated, Class A, LEED- and WELL-Certified life sciences properties in East Cambridge, Massachusetts. The financing will support equity recapitalization and fund tenant improvements, leasing commissions and carry costs. The assets, totaling 56,351 square feet at 99 Erie St. and 167 Sidney St. near MIT, were acquired in Sept. 2022 and underwent substantial renovations completed in Q4 2024.
LargaVista and Baron Property Group received the bridge loan from MF1 Capital to refinance The Park Overture, a 92-unit apartment building in Manhattan's Washington Heights. The loan retires the original construction debt, with the property now fully leased. The property includes one- and two-bedroom units. Amenities include a fitness center and courtyard with grilling stations.
Swire Properties acquired full ownership of the Mandarin Oriental hotel on Miami’s Brickell Key by purchasing the remaining 25% stake from Mandarin Oriental Hotel Group. The 326-room hotel, which closed in May, will be demolished in early 2026 to make way for The Residences at The Mandarin Oriental, a development featuring two towers rising 850 feet and 426 feet.
A joint venture managed by The RMR Group, including Diversified Healthcare Trust, secured the refinancing loan for the 1.1 million-square-foot Boston life science and office campus. Located at 50 Northern Ave. and 11 Fan Pier Blvd., the headquarters consists of two 18-story buildings totaling over one million square feet. The five-year, interest-only, fixed-rate loan was issued by a consortium of Morgan Stanley, Bank of Montreal, Goldman Sachs and J.P. Morgan. The venture will use the loan to retire an existing $620 million CMBS loan and provide additional funds for leasing reserves and cash repatriation.
Citigroup provided the CMBS refinancing loan to Blackstone for the 1.7 million-square-foot, 10-property data center portfolio in Northern Virginia, fully leased to Amazon Web Services. The proceeds will refinance an existing $335 million loan, with $205 million returned to Blackstone as cash equity. The properties in the portfolio, valued at $1 billion, are all located near the Data Center Alley and Dulles International Airport and range from 147,615 square feet to 428,191 square feet.
The property, 1200 Corporate Place, is a 137,021-square-foot, Class A office building featuring a modernized lobby, resurfaced parking lot, a four-story atrium, two-story parking garage and a full-service café. Originally built in 1984 and renovated in 2024, the property was 84% leased at sale. The building sits on a five-acre lot at the intersection of Glades Rd. and Federal Highway/U.S. Route 1.
Atlanta Property Group (APG) acquired an 80,000-square-foot infill distribution building at 5416 Wyoming Ave. in Charlotte's Westinghouse industrial submarket. The facility, built in 1998 and fully leased at the time of sale, marks APG’s second industrial acquisition in Charlotte. APG plans to invest $150 million in existing distribution properties across several Southeastern U.S. markets, including Atlanta, Charlotte, Greenville, Savannah, Nashville, Raleigh and Central Florida by the end of 2025.
The loan is to refinance the 1.8-million square-foot building at 1301 Avenue of the Americas in Manhattan. The office building is more than 97% occupied. The 45-story property includes 30,000 square feet of retail space and a tenant amenity center on the lower level.
The loan will refinance a 236-unit multifamily property is at 6445 Northeast Seventh Ave. in Miami's Upper East Side neighborhood. Part of the loan will be used to execute upgrades on the property, including the addition of 14 units. Adela at MiMo Bay is a midrise residential complex built in 2020.
A JV between Capstone Equities and Republic Investment Company acquired the Smyth Tribeca hotel in Tribeca. The 100-key hotel at 85 West Broadway was sold by Vanbarton Group. The Smyth Tribeca hotel opened in 2009 and received more than $10 million in capital investments between 2018 and 2023.
A JV between AEW Capital Management, Mack Real Estate Group and Soundwater Properties acquired Disston Plaza, a 129,150-square-foot shopping center located in St. Petersburg. Publix anchors Disston Plaza, which features a mix of additional tenants including Bealls Outlet, Dollar Tree, Pet Supermarket and The UPS Store. Built in 1954, the center sits on roughly 12 acres.
A four-property Wawa convenience store portfolio in Pennsylvania was bought by a Bucks County, Pennsylvania-based private investor. The portfolio includes two 5,000-square-foot buildings in Newtown and Pottstown, a 5,585-square-foot building in Warrington and a 2-acre property in Fairless Hills. The sellers were a mix of large regional and local owners and developers.
The loan is for the refinancing of the Hôtel Barrière Fouquet in Manhattan. The 97-room hotel, which is located at 456 Greenwich St. in the borough's Tribeca neighborhood, opened in 2022 and features a spa, art deco interiors and a private screening room. The loan retires the original construction and mezzanine financing.
The loan is to finance Shoppers' World, a 752,000-square-foot super regional power center located in Boston. T.J. Maxx, Marshalls, HomeSense, Sierra Trading, Best Buy and Nordstrom Rack anchor Shoppers’ World, which opened in 1951. Urban Edge Properties acquired Shoppers' World in October 2023.
The firm bought the luxury housing development The Garnett, located at 146 South Fourth St. from Rabsky Group. Pacific Urban bought the 113-unit property using a $41.2 million loan from Berkeley Point Capital. Pacific says the purchase falls in line with its mandate to provide growing and durable cash flows to its investors while preserving a value proposition for its residents.
The firm purchased a six-story residential building at 56 North Ninth St. from Double U Development. Rockpoint says the property combines amenity-rich living with versatile on-site retail spaces in one of New York's "most sought-after submarkets." The fully-leased building also includes ground-level retail space.
The loan is for the company's Station at Kentmere property in Auburn, Georgia. Located at 65 Auburn Rd., The Station at Kentmere consists of three-bedroom, two-and-a-half-bathroom residences with one-car garages. Community amenities include a clubhouse with indoor lounge, fitness center, pool with sun deck, picnic areas and barbeque stations.
WREV bought three warehouses totaling 90,000 square feet at 6405 Northwest 82nd Ave., 7500 Northwest 82nd St. and 7361 Northwest 78th St. All three properties are located in Medley. Sime Realty assembled the three properties for a combined $2.4 million between 1994 and 1998, with the buildings completed in 1979, 1980 and 1982, respectively.
The loan will refinance a 204-unit multifamily and mixed-use portfolio across New York City. The portfolio consists of properties in the Lower East Side, East Village and Brooklyn. Some of the properties include 76 East 1st St. in the East Village, 210 Rivington St. on the Lower East Side and 2848 Brighton 7th St. in Brighton Beach, Brooklyn.
A JV between East Capital Partners and Vlietco Enterprises sold Countyline East Logistics Center and 15 acres of space at 163000 Northwest 97th Ave. The buyer was Martinez Distributors. The 165,229-square-foot warehouse includes nearly 6,000 square feet of office space and sits on 9.4 acres.
The firm sold the site at 458 86th St. in Bay Ridge, Brooklyn to a JV between MCB Real Estate and Osiris Ventures. The buyers plan a $100 million redevelopment of the 95,000-square-foot site into a grocery-anchored retail hub. The site was vacant for over five years before being sold.
Kerzner International bought the one-acre site at 9 Southeast Sixth St. The buyer is expected to develop either a hotel or residential building on the spot. Neither the buyer nor seller commented on the sale.
The developer scooped up The Collective at Archer, a 172-unit asset in Gainesville, Florida. LCA Development sold the community. The community came online in 2023 and occupies nearly 24 acres at 7000 SW 91st St. Units consist of one- to three-bedroom floorplans spread throughout one- and two-story detached cottages with private, fenced-in yards.
A JV between Trinity Capital and a real estate fund advised by Crow Holdings will develop the site into Graham Park CLT, a 171,920-square-foot speculative industrial facility. The 17.3-acre site is located at 2241 Graham Park Dr. in Charlotte. Construction on the site will break ground in Q3 2025.
JPMREIT acquired a portfolio of industrial outdoor storage properties across seven states: Illinois, New Jersey, Pennsylvania, Wisconsin, New York, Washington and Connecticut. The assets are strategically located near major transportation routes and metro areas, supporting JPMREIT's focus on long-term growth in sectors driven by infrastructure and logistics.
Ashkenazy Acquisition acquired The Shops at Atlas Park, a 374,000-square-foot retail center in Queens, New York, from Macerich and a partner. Located on 12 acres in Glendale, the property features major tenants like Regal Cinemas, HomeGoods, T.J. Maxx, and Ulta Beauty, along with several dining options. Financial details of the transaction weren’t disclosed.
Berger Commercial Realty brokered the $34 million sale of Miramar Parkway Plaza, a 159,628-square-foot retail center in Miramar, Florida. The buyer was LSG2 Miramar Parkway Plaza LLC, an affiliate of Longpoint Realty Partners, and the seller was a partnership between The Faith Group and Jeffery Perlow. The property, anchored by Presidente Supermarket and featuring tenants such as McDonald’s, Foot Locker and AutoZone, sits on approximately 14 acres and includes multiple outparcels and a second-story office component.
Empire Capital Holdings and Prime Group Holdings jointly acquired two commercial properties on Manhattan’s West Side for a total of $40.2 million. The assets include an eight-story office building at 599 11th Avenue ($15 million) and a two-story parking garage at 550 West 25th Street ($25.2 million), both purchased from Winter Properties. The transaction was brokered for the seller by CBRE, with no broker representing the buyers. Current tenants at 599 11th Avenue include AHT Global, Luther Quintana Upholstery, and Gilmore’s Sound Advice, while 550 West 25th Street is fully leased to GGMC Parking.
Cronheim Mortgage arranged a $30.3 million refinancing loan for a 327-room Alloy Suites hotel in King of Prussia, PA, operated under Hilton's brand. The loan was secured on behalf of Concord Hospitality, but the direct lender and specific loan terms were not disclosed.
An affiliate of Onyx Partners sold the 119 property portfolio in an all-cash transaction. The portfolio is made up of JCPenney locations all throughout the U.S.
AllianceBernstein provided the bridge take-out loan to a joint venture between Domain and Silverstein Properties for 420 Carroll St., a 360-unit multifamily development in Brooklyn, New York. The financing replaces a $176 million construction loan previously issued by Bank OZK in 2022. The two-building property features a clubroom with a library, a fitness center, an art gallery, a children's playroom and a demo kitchen.
Forté Development, led by Marius Fortelni, secured a $60 million construction loan from Kriss Capital, a New York-based lender, for its 17-unit Forté Luxe waterfront townhouse project in Jupiter, Florida. This financing replaces a previous $47.5 million loan from 360 Capital Funding. The project, located at 12450 Crystal Cove Place, will feature luxury units ranging from 3,600 to 5,100 square feet, a pool and a 13-slip marina, with prices starting at $4 million.
Acadia Realty Trust sold the 230,255-square-foot shopping center to Lenox Group. Located at 100 Eden Cir., the property was 98% occupied at the time of sale and is anchored by Giant Food. Other tenants include LA Fitness, Gabe's, Citi Trends, Dollar Tree and Fulton Bank.
Macerich, a California-based real estate investment trust, sold The Shops at Atlas Park mall as part of a $2 billion debt-reduction plan. The 374,000-square-foot open-air mall sits on 12 acres of land and has 1,400 parking spaces.
The loan is to refinance a 2025-built mixed-use development in Gowanus, Brooklyn. Domain acquired the property as a warehouse along the Gowanus Canal in 2018 and then redeveloped it with commercial and housing space. The property includes 21-story and 16-story towers with 360 housing units and 27,000 square feet of retail space.
The firm bought a six-building industrial portfolio within America’s Gateway Park in Doral. The 301,988-square-foot portfolio was sold by Terreno Realty. The buildings in the portfolio range from 32,990 square feet to 64,774 square feet and were 91% leased at the time of sale to 21 tenants.
The loan is for the acquisition and preservation of Ocean Park Apartments, a 602-unit affordable housing community in Queens, New York. The loan will stabilize and extend affordability for the building's units, preventing rent increases and providing capital to complete critical repairs. Ocean Park Apartments consists of two 26-story towers with one, two and three-bedroom apartments and four commercial spaces.
The developer sold 1317 36th St. in Brooklyn's Kensington neighborhood to an unnamed trust. The one-story commercial property spans 25,000 square feet and was built in 1931.
The company sold Pine Street Commons, an industrial flex property in Rockaway. The property includes six buildings on a 17-acre site. The buyer was an undisclosed private investor. Pine Street Commons was 95% leased at the time of sale.
The loan is for a 138,157-square-foot healthcare facility in Philadelphia. The building, located at 3905 Ford Rd., is located in the Wynnefield Heights neighborhood and is operated under the Malvern Treatment Centers brand. BG Capital will use the loans to fund capital improvements to the building envelope and HVAC systems.
The loan is to refinance Brookfield's retail condo at 730 Fifth Ave. in Midtown. The company was built in 1921, and was the original home of the Museum of Modern Art. The building, which was designated a New York City landmark in 2024, currently serves as the home of the Aman New York hotel and branded residences on the upper floors. At ground level, the building is home to luxury retailers.
Including office, industrial, biomanufacturing and R&D space across multiple facilities across a 2 million-square-foot mixed-use campus in Kenilworth, New Jersey, the Northeast Science and Technology Center (NEST) was sold by Onyx Equities. Located at 2000 Galloping Hill Rd., NEST features three office buildings, two R&D facilities and a vivarium, a facility for live research. Amenities at NEST include a cafeteria, fitness center, conference center, courtyard, auditorium, heliport, as well as multiple underground garage facilities and a restaurant.