A JV between Aurec Capital and Golden Arc bought the seven-story, 105-unit residential building at 2442 Ocean Avenue from Lay Assets. The luxury apartment building at 2442 Ocean Avenue was built in 2020 and features amenities including a gym, an indoor pool, a yoga room, a party room, a laundry room and a kids room.
The firm sold Rolesville Town Center, a 19,500-square-foot neighborhood shopping center located in Raleigh. Tenants at the center include Megan Nails, Kruse Chiropractic, Black & White Coffee Roasters, Pizza Hut and Rolesville Equipment. The buyer wasn't disclosed. Prudent originally purchased Rolesville Town Center in September 2021 for $3.1 million.
The firm sold its on-campus medical office building, located at 62 Brown St. in Haverhill on the campus of the Lawrence General Holy Family Hospital. The building was approximately 90% occupied at the time of sale by 20 tenants, including Revere Medical, Northeast Rehab, Mobility Bone and Joint Institute and PhyNet Dermatology. The buyer was undisclosed.
PH Realty Capital sold Country Manor Apartments, a 328-unit garden-style apartment community located at 185 Country Manor Way in Rochester, for an undisclosed price. PH Realty Capital purchased the community in 2021 from Geller Associates for $30 million. Country Manor Apartments features a total of 10 buildings with a mix of studio, one-bedroom and two-bedroom apartments. Amenities at the community include a fitness center, pool and dog park, along with picnic areas and tennis courts.
A JV between Norges Bank Investment Management and Beacon Capital Partners to acquire 1177 Avenue of the Americas. The seller is a JV between California State Teachers' Retirement System and Silverstein Properties, which purchased the 47-story building in 2007. Originally built in 1988, the property's tenant roster includes Kremer Levin, Gates Capital Management and VakifiBank, among others.
The firm sold its 300,000-square-foot office building at 3 East 54th St. The buyer was undisclosed. The office building is expected to be redeveloped.
A JV between SB Development Group and Hazelton Capital Group secured the loan for Cove Miami, a 40-story rental building in Miami's Edgewater district. Cove Miami's amenities include an infinity pool with private cabanas, a sauna, a fitness center, indoor and outdoor yoga areas and a rooftop lounge. The building features one-to-four bedroom units.
The company purchased 346 Madison from developer Claudio Del Vecchio, who acquired the property in 2007. The spot previously held a retail building and a restaurant. The 41-story building is expected to be redeveloped into an office building.
The firm sold its 251,729-square-foot industrial facility located at 3000 Marconi Drive in Alpharetta. The buyer wasn't disclosed. The property is fully leased to an unnamed insurance provider, serving as one of the company's national printing and imaging centers.
The loan will finance a portfolio of 42 industrial buildings totaling approximately 2.4 million square feet in Westchester County. The buildings are housed within three industrial parks and are collectively known as the Westchester Industrial Portfolio. The loan was provided to a JV between Dune Real Estate Partners and Robert Martin Company.
The company bought the 275-unit Hudson at East, which traded for $68.4 million, as well as the 264-unit Eight at East, which sold for $39.4 million. The two properties are adjacent to one another, occupying a combined 64-acre site along Innovation Way in Orlando. Each community features one- to three-bedroom units and combined amenities include two swimming pools, a pet spa, a car wash and a conference room.
The firm received the loan to refinance Buildings 3 and 4 at Georgia North Logistics Center in Adairsville, Georgia. Completed in 2024, Building 3 features 40-foot clear heights while Building 4 has a clear height of 36 feet. Located at 300-400 International Parkway, the entire four-building campus features 3.3 million square feet of logistics space.
A JV between Abacus Capital, BMC Investments and Turnbridge Equities purchased Sterling Town Center, a 339-unit asset in Raleigh, North Carolina. The seller was Electra America. Sterling Town Center includes five three- and four-story buildings with community amenities including two swimming pools, a clubhouse, a gym and a park.
A JV between Morning Calm Management and Praelium Commercial Real Estate acquired Charlotte Plaza, a 643,000-square-foot office tower in Charlotte. Located at 201 South College St. in the heart of Charlotte's Central Business District, Charlotte Plaza is a 27-story office tower that's currently 32% occupied. The tower was originally constructed in 1982.
Foxfield sold the office building at 1 Executive Dr. in Chelmsford, Massachusetts. The property is 87% leased to five tenants. Rhino Capital Advisors says the building is located in a high-performing flex/R&D cluster with strong tenant demand and recent double-digit rental rate growth.
The company purchased a 292-unit apartment complex in Delray Beach from developer Trinsic Residential Group. Trinsic finished construction on the apartment community in 2023, delivering four five-story buildings, two three-story buildings and a two-story clubhouse on an 11-acre lot at 2095 W. Atlantic Ave. The complex features studio, one-, two- and three-bedroom apartments and amenities including a clubroom, a playground, a dog park and pet spa, a coworking area, rentable private office pods, a fitness center and a yoga and spin studio.
A JV between MetLife Investment Management and MDM Group nabbed the loan to refinance the 41-story JW Marriott Marquis Miami hotel, built in 2010 and located at 255 Biscayne Boulevard Way. The 357-key hotel, which is part of Marriott's Autograph Collection, underwent a $16 million renovation in 2023 that upgraded guest rooms, public areas and amenities, with additional upgrades planned for 2026.
The loan will refinance Society at Laurens, a 148-unit apartment community located at 31 Laurens St. in Charleston, South Carolina. The property has one-bedroom, two-bedroom and three-bedroom units, including penthouses. Amenities include a heated saltwater pool and spa situated on a second-floor deck with views of Charleston Harbor, a fitness center and controlled-access parking.
Net Lease Office Properties sold Fountain Square III, a 176,150-square-foot, four-story office building located at 4900 Memorial Highway in Tampa. Developed by The Wilson Company in 1999 as a built-to-suit, the property has served as a main strategic service center for JPMorgan for over 25 years. The bank recently extended its lease.
The firm sold off Bensalem Crossings, a 67,215-square-foot grocery- and drug-anchored shopping center in the Philadelphia metro. The property was sold to a private investor based in California. Built in 1999 on 9.38 acres, Bensalem Crossings is located at 2200–2290 Bristol Rd. in Bensalem, Pennsylvania. The center is anchored by ShopRite and CVS/pharmacy, which together occupy 93% of the space.
The company sold its 79,240-square-foot industrial facility located at 4701 Market St. in Fredericksburg. The buyer was the Rappahannock Area Community Services Board, which previously used the building as its headquarters. The buyer didn't divulge its plans for the site.
The real estate investment trust acquired the 36-story, 382,500-square-foot office building at 623 Fifth Ave. The seller was Cohen Brothers Realty. The 75% vacant office condominium is situated above the famed Saks Fifth Avenue flagship department store. Vornado intends to redevelop the space into a Class A boutique office building.
The firm parted with The James, a 240-unit apartment complex located in the Northern New Jersey community of Park Ridge. Completed in 2021, The James includes studio, one- and two-bedroom units that are furnished with stainless steel appliances, quartz countertops, espresso cabinetry and tile backsplashes. Amenities include a coffee bar, game room, catering kitchen, coworking spaces with private offices, fitness center and a yoga studio. The buyer was undisclosed.
The firm secured the loan to refinance the Society at Laurens, a 148-unit luxury multifamily complex in Charleston, South Carolina. Located at 31 Laurens St. in Downtown Charleston, the Society at Laurens opened in 2024 and features studios to three-bedroom units. Building amenities on site include a saltwater pool, a spa, a fitness center, private parking and self-storage space.
The company purchased Casa Brera at Toscana Isles, the 12-acre community which includes 206 apartments across seven buildings. Located at 4725 Via Bari, the seller was Raia Capital Management. Milestone plans on modernizing the exteriors and amenities, which include a pool, private movie theater, fitness center, dog park and multipurpose sport court.
Dornin Investment Group will use the loan to buy the 222-unit The Oliver apartment complex. Located at 3000 Gloryland Ave., The Oliver consists of three four-story buildings and is 90% occupied. Community amenities include a pool, fitness center, spin studio, firepits, outdoor grills, conference room, coffee bar, pet spa and clubhouse.
The property, located at 100 Penn Square East, was sold in a real estate auction conducted by Bid4Assets, an online marketplace for distressed real estate auctions. TF Cornerstone plans to transform the property into hundreds of condominiums. The building is an office and retail property with 12 stories above ground and three stories below.
The investment arm of the Church of Jesus Christ of Latter-day Saints bought the 384-unit apartment at 7801 North Federal Highway. The garden-style complex includes 19 three-story buildings. The seller was a JV between Clarion Partners and Cortland, which purchased the 435,852-square-foot property for $120 million in 2019. Neither party commented further on the purchase.
The firm purchased 440 Ninth Ave. from a JV between Taconic Partners and Nuveen Real Estate. The JV bought the 18-story building for $269 million in 2018. The 411,000-square-foot building, built in 1926, was sold at a steep discount due to its distressed status.
The company sold Mountaineer Village Apartments in Boone, North Carolina, a student housing development serving Appalachian State University. The seller was undisclosed. The community features 191 units with amenities including a basketball court, volleyball court and swimming pool, as well as a fitness center and clubhouse.
A JV between CSB Holdings and Tide Realty Capital acquired 2000 Market Street, a 668,335-square-foot office tower in Center City Philadelphia. The buyers plan to continue operating 2000 Market Street as is, but with a focus on increasing occupancy. The seller, Nahla Capital, bought the building in 2018 for $126.4 million.
The firm purchased Lakeside & Flagler Center Business Park, a seven-building office and flex warehouse portfolio totaling 765,190 square feet. TD Bank, the seller, acquired the park in a distressed sale in 2024. Located at 12735 Gran Bay Parkway West, the property comprises four flex office properties, Flagler 100, Flagler 200, Flagler 300 and Flagler 400 and is 60% occupied.
The non-profit organization acquired the Duval County Public Schools' Southbank riverfront headquarters. Fleet plans to raze the building, located at 1701 Prudential Dr., and build a senior living community on the site. The Duval County School Board built the 123,000-square-foot building developed in 1981 on 3.15 acres.
The refinancing loan is for the 25-story building at 180 Lakeview Ave. Related Ross completed the 285,000-square-foot building, called One Flagler, in 2024. One Flagler is about 95% leased with tenants including GoldenTree Asset Management, Ocean Sound Partners and Vista Investments of Florida.
A JV between Bozzuto and Invesco Real Estate acquired the two-building Ashton at Dulles Corner, at 13958 Mansarde Ave. Greystar was the seller. The buyers plan to renovate most of Ashton at Dulles Corner, with upgrades planned for amenity spaces, hallways, common areas and about 75% of the units.
The firm purchased M2 at Millenia, a 403-unit Class A multifamily property in Orlando. The seller was a JV between BLD Group and JBS Capital Group. Completed in 2019, M2 at Millenia, located at 4206 Eastgate Dr., includes one- to three-bedroom units with amenities including a fitness center, yoga studio, swimming pool, a clubhouse, a business center with conference room and 705 parking spots.
The company paid $114 per square foot for the retail space at 229 W. 43rd St. Developed in 1913, 229 W. 43rd St. was a factory building repositioned into a retail location. The space was purchased from a bankruptcy court.
The firm purchased Wild Pines of Naples, a 200-unit apartment community in Naples, Florida. The seller was JSB Capital Group, according to Yardi Matrix. The two-story, garden-style apartment community contains a mix of market rate and affordable units, with half of the units being income-restricted. All units contain one bedroom. Located at 2580 Wild Pines Lane, amenities include a clubhouse, pool, fitness center and business center.
The company sold its 65,868-square-foot, single-tenant retail building in Concord, New Hampshire. Grocer Shaw's has occupied the building since its construction in 2001. The buyer was an unnamed Massachusetts-based private investor.
Seaport Entertainment Group (SEG) is selling the development site at 250 Water Street in New York for $150.5 million to Tavros Capital, after previously investing $220 million in the property and air rights. The site has been embroiled in legal disputes over building approvals and air rights deals, including a lawsuit from the South Street Seaport Coalition challenging the Landmarks Preservation Commission's approval. While a judge initially voided the approval, the decision was later reversed, allowing the developer to proceed.
JLL arranged $123.6 million in four-year, fixed-rate financing for a portion of Shoppers World, a 752,000-square-foot retail power center in Framingham, Massachusetts. The loan was secured on behalf of Urban Edge Properties, the borrower, with the direct lender undisclosed. Shoppers World was 99% leased at the time of closing to major tenants including T.J. Maxx, Marshalls, HomeSense, Sierra Trading Post, Best Buy and Dick’s Sporting Goods.
Vornado Realty Trust and the Albanese Organization sold a 173,000-square-foot Manhattan office tower, developed in 2018 for $130 million, to Raghsa, a global real estate firm with assets in Buenos Aires, Punta del Este and Manhattan. The sale was facilitated by a $130 million loan from Citi Real Estate Funding and JPMorgan Chase. The building is fully occupied, with average office rents between $91 and $111 per square foot.
Xin Capital acquired Times Square West, a two-building, 144,500-square-foot office and retail property in Manhattan for $62 million. White Oak Real Estate Capital provided a $51 million loan for the purchase. The asset, previously known as The Hive, was sold by a joint venture of Blake Partners, JAM Real Estate and The Straus Group, who had purchased it for $48 million in November 2024. The buildings, originally completed in 1928 and converted to office use in 2020-2021, underwent extensive renovations from 2021 to 2023, resulting in two office and two retail condominiums. The retail space is fully leased to tenants including Chick-fil-A, Smashburger, McDonald’s, 7-Eleven, Dunkin Donuts and Little Italy Pizza.
Seefried Industrial Properties and Clarion Partners acquired a 168.3-acre infill industrial site in South Orlando from the Orlando Utilities Commission for $46.25 million. The site, located near Orlando International Airport, will be developed into the Orlando Infill Logistics Center, featuring up to 1.5 million square feet of new industrial space across as many as nine buildings, with flexible site plans for both speculative and build-to-suit development. Construction is scheduled to begin in early 2026. Clarion Partners is providing equity for the project, while Seefried will oversee development. Colliers represented the seller in the transaction.
Savlan Capital secured $52 million in acquisition financing from Obra Real Estate for the purchase and repositioning of the Lakeside & Flagler Center Business Park, a seven-building office and flex warehouse portfolio totaling 765,190 square feet in Jacksonville, Florida. The property was acquired from TD Bank Group, which had obtained it through a foreclosure sale last year. The financing includes reserves for tenant improvements and upgrades, supporting Savlan's strategy to reposition the portfolio. Arrow Real Estate Advisors arranged the financing, noting the expedited 30-day closing and the opportunity to acquire class A office and flex properties at a significant discount to replacement cost.
Foulger-Pratt, along with PCCP and Tryline Capital, is acquiring nearly 1,250 multifamily units across four properties in Washington, D.C. from AvalonBay Communities. The acquisition, totaling $450 million, was partially financed by three Capital One loans amounting to $289 million. The properties include Avalon Gallery Place (203 units, $85.9M), Avalon First and M (469 units, $181.1M), AVA NoMa (438 units, $142.4M), and Ava H Street (138 units, $36M, deal pending).
Valley National Bank provided a $47 million construction loan to Avdoo for the development of 110 Boerum Place in Brooklyn. The project will be a six-story boutique residence with 21 condominiums, each featuring private outdoor space, on-site parking, and private storage. The transaction did not involve a broker, and the development spans 65,000 square feet across a full block.
City University of New York's (CUNY) acquired six condominium units (235 hotel rooms) at 569 Lexington Avenue, formerly a DoubleTree by Hilton hotel, for $125.6 million from Hawkins Way Capital. CUNY previously purchased four other floors for $85.7 million, and now owns a total of 578 dorm rooms in the building.
St. John Properties' acquired a three-building office portfolio in Hunt Valley, Maryland, totaling 300,000 square feet, previously owned by MacKenzie Commercial Real Estate Services. The properties were 63% leased at the time of sale and are part of the North Park office campus. Transwestern represented the seller, while the buyer handled the purchase in-house. Financial details weren't disclosed.
392 Dirty Buildings Holdings sold a cast-iron store and loft building in Manhattan to Cofinance Group for $21 million. The property, built in 1872 and featuring four commercial units and one residential apartment, is located between Broome and Spring streets and has retail tenants such as Seven for All Mankind and Silk Laundry.
Georgia Power acquired River Park 10, an 825,000-square-foot Class A industrial warehouse in Jackson, Georgia, for $94.75 million from ICM Property Group. Completed in late 2024, the facility offers direct access to major transportation corridors, including the Port of Savannah and is designed for high-volume logistics, manufacturing and utility operations. The River Park industrial park spans over 1,100 acres and will eventually include more than 21 million square feet across 16 buildings.
BioMed Realty refinanced its University Park at MIT campus in Cambridge, MA for $1.3 billion. The 1.7-million-square-foot life sciences and technology cluster, which includes tenants such as Takeda Pharmaceuticals, Agios, Vericel and Mass General Brigham, now has a 96% lease rate according to Fitch Ratings. The refinancing carries a 5.89% interest rate.
RXR acquired the 42-story office building at 590 Madison Avenue in Manhattan for $1.08 billion from the State Teachers Retirement System of Ohio. Apollo Global Management provided a $650 million acquisition loan to RXR for the deal. The acquisition is part of RXR's broader strategy to purchase Class A office buildings from owners seeking to reduce their exposure to the office sector. RXR believes that premier assets like 590 Madison will continue to attract top tenants and command premium rents, reflecting confidence in the Manhattan office market. Eastdil Secured brokered the deal.
Fundrise secured a $352.7 million refinancing loan for a 12-property industrial portfolio totaling nearly 3.2 million square feet across the Sun Belt and Mid-Atlantic markets. The debt was provided by Goldman Sachs and TPG Real Estate Credit, with JLL arranging the deal. The properties, located in Maryland, Virginia, Florida, Texas, Nevada, Georgia, and Arizona, feature cross-dock configurations and clear heights between 23 and 40 feet, and are leased to tenants in logistics, distribution and technology sectors. The buildings are strategically positioned near major transportation networks, including international airports and interstate corridors.
A JV between RXR and Elliott Investment Management acquired 590 Madison Ave., an office and retail tower in Midtown Manhattan. The sale represents the highest sum paid for a Manhattan office property since 2022 and the largest non-user acquisition in Manhattan office since 2018. No further details on the sale were provided.
Developer Miki Naftali closed the $810 million purchase of 800 Fifth Avenue, a 33-story rental building on the corner of East 61st St. The buyer plans to demolish the building to build a new luxury rental spot. The seller was a JV between Spitzer Enterprises and Winter Properties.
The utility company purchased River Park 10, an 825K SF warehouse in Jackson, from a JV between Waterloo Partners and ICM Property Group. River Park 10 is part of the 1,100-acre River Park industrial development that is slated to include more than 21M SF of industrial and commercial space across 16 buildings. The JV developed River Park 10 in 2024.
The property at 1650 Hemlock St. in East Tampa sold to Green Courte Partners. The seller, Hendry Marine Industries, paid $4 million for it in 2005. Hendry will lease back a portion of the site, including 1,600 linear feet of marine bulkhead. Green Courte says Hendry and Moran Environmental Recovery will use about half the property and the remaining 16 acres will be redeveloped into industrial outdoor storage.
The firm purchased the roughly 30,000-square-foot commercial building at 40 Thompson St. from Epic, a British real estate investment company. The transaction was conducted off-market. 7G Group said the acquisition was an investment and there are no immediate plans to renovate or redevelop the property.
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.