The firm acquired the Weston Road Shopping Center at 4410-4484 Weston Rd. for $472 a square foot. The seller, Barings, paid $32.2 million for the 13.1-acre site in 2014. The shopping center was built in 2000.
The company bought the three office buildings on a 24-acre lot in the Flagler Station business park. Bridge Investment Group unloaded the buildings at 9675, 9725 and 10451 NW 117th Ave., having owned them since 2019. Bridge handed over the first and third building, in lieu of foreclosure, and received $21 million for the second.
A JV between Lincoln Property Co. and Ullico Investment Advisors secured a loan to acquire the property at 861 Sloan Ave. The 138,852-square-foot facility was built in 1990 and renovated in 2024. The JV said the building has "demonstrated exceptional strength" and maintained a sub-5% vacancy rate since 2019.
The company acquired Winder Corners, a 164,592-square-foot shopping center located in Winder. Built in 1994, the property is situated on 24.5 acres. Publix anchors the center, which was 95.2% leased at the time of sale. The seller was First Colony Financial Corp.
The $6.5 million loan is for the refinancing of Society Lane Industrial Park in Fort Mill, South Carolina. The 11-building property was fully leased at the time of financing to 13 tenants.
The company landed refinancing for its 198,336-square-foot manufacturing facility in Hopkinton, Massachusetts. The loan amount was not disclosed. The two-building facility sits on 19 acres at 68-78 Elm St. and was fully leased at the time of the loan closing to life sciences and diagnostics company Revvity.
A JV between 29th Street Capital and Willton Investment Management purchased Fenwick Apartments, a 311-unit multifamily community in Silver Spring, Maryland. Built in 2014 and currently 96.8% occupied, amenities include a pool, a fitness center, a rooftop lounge and a business center. The JV said the purchase was prompted by its location in an affluent submarket.
Flatiron Real Estate Advisors landed the $34.8 million loan to refinance a 12-property multifamily portfolio in Williamsburg, Brooklyn. The buildings in the portfolio are at 113 North Eighth St., 137 North Eighth St., 14 Judge St., 146 Wythe Pl., 21 Judge St., 24 Skillman Ave., 29 Orient Ave., 429 Graham Ave., 436 Graham Ave., 792 Metropolitan Ave., 81 Olive St. and 90 Berry St. The loan retires past debt from the portfolio's previous lender, Oritani Bank.
A JV between Innisfree Hotels and RREAF Holdings will use the loan to refinance the Holiday Inn Resort, a 206-room, beachfront hotel in Surfside Beach. The JV purchased the 11-story property as an independent hotel in late 2023 and invested capital to convert the asset to a Holiday Inn Resort. The hotel features an onsite restaurant, fitness center, pool and a kids splash pad.
The company picked up the 34,445-square-foot office building located in Fairfield, New Jersey. The three-story building at 383 U.S. Route 46 was originally built in the 1970s and has been owner-occupied since 1985. The seller was The Glassman Family.
The firm parted with Paradise Place, a 72,961-square-foot shopping center located in West Palm Beach. Built in 2003, the center sits on 8.5 acres. Publix anchors the property, which was 98% leased at the time of sale. The buyer, Forge Capital Partners, declined to comment on the purchase price.
The developer acquired Ocean Park Apartments, a 602-unit property located at 125 Beach 17th St. in Queens. The seller was undisclosed. Built in 1973, Ocean Park consists of two, 26-story towers offering one-, two- and three-bedroom apartments.
The company acquired The Palms at Edgewater, a 288-unit Class A multifamily community located in Summerville, South Carolina. H&H Homes was the seller. Located at 1005 Sonoran Cir., The Palms at Edgewater was built in 2023 and features common-area amenities including a business center, clubhouse, tennis and pickleball court, playground and a man-made lake.
The loan is for the financing of Singing Bridge Residences, a 105-unit affordable housing project in Chicopee, Massachusetts. A JV between Sydney Capital Group and Brisa Builders Development will develop an affordable housing complex on a four-acre, riverfront site at 400 Main St., with completion set for 2027. The site was previously owned by the city.
The company picked up a 190,646-square-foot distribution center in Manchester. Located at 100 Sanrico Dr. within the Manchester Industrial Park, was fully leased at the time of sale. The seller was SkyREM.
A JV between L+M Development Partners and Type A Projects landed the loan for its Bronx Point project. Bronx Point is a 530,000-square-foot mixed-use development at 575 Exterior St. in the South Bronx. The bottom floor of the building is The Hip Hop Museum, with the rest of the development set to include retail and residential units.
The developer bought a development site in Florida to build The Bonita Foundry, a commercial and industrial park development. The Bonita Springs project will be a mix of commercial and residential space, with construction expected to start in early 2026. The seller was undisclosed.
The company purchased Ocean Park Apartments, a 602-unit fully affordable housing community in Far Rockaway, New York. Related Cos. was the seller. Tredway plans to implement substantial renovations at the 1973-built community, including structural repairs, deck and roof replacements and extensive waterproofing.
The firm purchased Jacobs Woods, a 230-unit apartment complex located in the suburb of Lansdale, and plans to upgrade unit interiors and its amenity spaces. Built on 37 acres in 1996, the garden-style property offers one-, two- and three-bedroom units across 33 townhome-style buildings. The seller wasn't disclosed.
The loan is for the refinancing of Palmetto Central, a two-building, 170,000-square-foot office campus in Boca Raton, Florida. Located at 1489 and 1499 W. Palmetto Park Rd. the buildings were built in 1992 and 1979, respectively. The campus was recently renovated with updated facades and lobby, as well as upgraded common areas and restrooms. Amenities at the campus include a tenant lounge, fitness center, conference facility and outdoor seating area.
The company bought the 66-unit building at 88 Linden Blvd. from Prophet Capital Asset Management. The seller bought the spot in 2015 for $2.1 million. The 60,259-square-foot residential building includes features a gym, laundry rooms, parking and bike racks.
The company picked up a 1-acre site on an island town between Miami and Miami Beach, at 7915 West Dr. in North Bay Village, Florida. The seller, S2 Development, bought the property for $5.5 million in 2022. The buyer is expected to develop a residential building on the site.
The loan is for the property at 500 W. Main St., which sits on a 13-acre lot. The shallow bay industrial facility is fully leased to 12 tenants including DaklaPack U.S., Bergen Anesthesia Group, Cole Medical Inc., Annco Industrial Metal Fabrication and AWP Safety among others. The facility was built in 1966 and features 21-foot clear heights, nine drive-in doors, six dock doors, cross-dock configuration and 115 vehicle parking spots.
Luck Stone sold 97 acres in Northern Virginia's Loudoun County. Amazon plans to develop a massive data center on the site. The purchase is part of Amazon's plans to spend $35 billion on developing data centers in Virginia through 2040.
The company sold Echo, a 71,694-square-foot mixed-use property located in downtown West Palm Beach. Originally built in 1925 and renovated in 2021, the mixed-use development features office space, 10,000 square feet of ground-floor retail and a 257-space parking garage. The property was 80% leased to Stone Point Capital, AltaRock Partners and Sound Point Capital when it was sold to an undisclosed buyer.
The company bought 200 Lafayette St. from Brookfield. The property includes retail space on the ground floor and office space on the second. The entire building was leased up and fully occupied at the time of sale.
The company bought 3333 K St. NW, a five-story, 69,754 square foot boutique office property. One Street said it'll convert the building into a residential property. The seller, Friends of The Legal Services Corporation, didn't provide the purchase price.
Commercial real estate acquisition volume increased by 17% in Q1 2025, driven by strong activity in the industrial and multifamily sectors. Despite this, the number of property transactions decreased by 12% due to fewer large portfolio deals, but single-asset transactions rose by 21% year over year. Escalating trade tensions and tariffs are introducing economic uncertainty, which could potentially impact investment momentum in the coming quarters. As higher construction costs and supply chain disruptions could affect future developments, the industry's outlook remains cautious.
The company sold two industrial buildings totaling nearly 1.2 million square feet in Dalton, Georgia to a JV between LX Pantos and Korea Ocean Business. Located in the Greenpoint Industrial Park, the two fully leased buildings are located at 128 Innovation Dr. and 342 Innovation Dr. Measuring 603,166 and 573,578 square feet, respectively. Both buildings offer 36-foot clear heights, energy-efficient roofing, ESFR sprinkler systems, expansive truck courts and a combined 195 dock-high loading positions.
The company bought the property at 6608 S. Westshore Blvd. The seller, Rockwell Property, paid $90 million for the apartment complex in 2022. The apartment community was constructed in 2009 and features 246 units, with an average of 620-1,400 square feet per unit.
The firm purchased the building at 500 Plaza Drive in Secaucus. The 464,000-square-foot office building is 11 stories and is 70% occupied, with space for more tenants available. The seller was Manulife Investment Management.
E.W. Scripps sold a two-story office and TV studio property in West Palm Beach, Florida to a JV between Related Ross, Wexford Real Estate Investors and Key International. The 70,131-square-foot building at 1100 Banyan Blvd. holds Scripps' WPTV news studio and office. Scripps will lease-back the property for two and a half years.
The loan is for the acquisition and renovation of Garden Courts Apartments, an 86-unit multifamily community in Atlanta. The loan will fund the acquisition and provide $1.3 million in capital improvements, equating to roughly $15,350 per unit. Situated at 4060 Janice Dr., Garden Courts Apartments includes six two-story buildings and was built in 1983.
The firm sold its 139,865-square-foot multifamily development site in the Gowanus area of Brooklyn. The buyer was a JV between Tavros Capital and Charney Cos. RFR acquired the site at 175 Third St. for $115 million in 2018.
The company unloaded its 1.2 million-square-foot warehouse property at the Greenpoint Industrial Park in Dalton, Georgia. The property is fully leased and located at 128 Innovation Dr. IGIS Asset Management bought the two-building property.
The company sold Northway Eleven Communities, a 952-unit apartment community in Ballston Spa, a northern suburb of Albany. The exact sales price wasn't disclosed, but the seller said it was over $100 million. The property consists of 240 buildings on a 131-acre site and offers 1,027-square-foot, two-bedroom apartments and 1,385-square-foot, two-level townhomes.
A JV between The Hampshire Cos., Russo Development and Riverbank Management locked a permanent loan for Ora, a 270-unit, newly completed apartment building in Hackensack. The property features studio, one- and two-bedroom apartments and 9,000 square feet of retail space. Amenities include a fitness center, a coworking lounge and a rooftop clubroom.
The loan will refinance the 2.5-acre boutique hotel, located in Palm Beach, Florida. The hotel property includes a 13-story building with 83 rooms at 155 Hammon Ave. The Colony Hotel is owned by the husband and wife team of Andrew and Sarah Wetenhall.
A JV between Related Ross, Wexford Real Estate Investors and Key International bought The E.W. Scripps Company's TV studio. The 4.7-acre property includes a two-story building that houses a news studio and office space, as well as a 170-space parking garage and 33 surface spaces at 1100 Banyan Blvd. Scripps, which developed and sold the 70,131-square-foot property, will stay put as part of a lease-back agreement.
The company purchased All Hallows High School at 1000 Walton Ave. from the All Hallows Institute. The deal comes after the school ran into financial trouble and had until Jan. 16 to come up with $2.5 million to keep its doors open, which it was unable to do. Azimuth didn't divulge its plans for the school.
The firm purchased Amberly Place, a 1989-vintage, 770-unit, garden-style multifamily apartment community in Tampa. The property was acquired off-market from S2 Real Estate Fund II. S2 will renovate the interiors and amenity spaces.
The loan is to refinance the former Maxwell Hotel in Midtown East, which Yellowstone plans to repurpose. Located at 541 Lexington Ave., Yellowstone acquired the property for $140 million last October through a foreclosure auction. In addition to the refinance, loan proceeds will be used to fund tax reserves and closing costs for the property as Yellowstone finalizes plans to redevelop the hotel.
A JV between Maddd Equities and Stagg Group acquired a site at 2740 Webster Ave. with plans to build a dormitory and housing complex. The seller wasn't disclosed. The planned 800,000-square-foot development will include over 500 dormitories, 485 units of affordable housing, along with retail space.
The company scooped up The Preserve at Pine Valley, a 219-unit garden-style apartment community in Wilmington. Built in 1974, the seller of the community was undisclosed. Ginkgo says it plans to boost curb appeal by replacing aged infrastructure elements, boosting amenities and renovating interiors.
The firm acquired Hudson Ridge, a 215-unit apartment building located in North Bergen. Built in 1949, the property features a mix of studio, one- and two-bedroom units, as well as outdoor picnic areas and garage parking. The seller and sales price weren't disclosed.
The company acquired four parcels totaling 8.4 acres at 412 to 450 North River Dr., 414 to 480 Northeast First Ave., 409 North River Ave. and 240 Northeast Fifth St. The seller was Partridge Equity Group, who sold the site for $2 million below asking. Morgan is expected to develop a residential building on the site.
The loan will refinance the company's retail condominium at 132-138 Mulberry St., located in Manhatta's Little Italy. The 10,000-square-foot property is managed by Citi-Urban Management. Mulberry said the loan will help guide its business through shifting market conditions.
The company bought a single-tenant industrial property from Canton II JB Capital. Located at 40 Hudson Rd. in Canton, the property consists of a 39,687-square-foot warehouse on 2.67 acres. The building is fully occupied by an electrical manufacturing firm.
The loan will finance a portfolio of six industrial properties totaling 773,433 square feet in Northern New Jersey. The facilities are located within the Meadowlands and Port of Newark/Elizabeth submarkets. The portfolio is fully leased at the time of the loan closing to nine tenants in industries such as logistics, food production and distribution, fashion/apparel manufacturing and packaging/materials.
The firm purchased a 17.9-acre industrial property at 169 Pulaski St. in Bayonne, New Jersey from Waitex International. The property covers three industrial buildings totaling 613,000 square feet and some 2.2 acres of industrial outdoor storage space. Waitex owned the property for over 21 years, occupying 90% of its leasable space, and intends to stay in the location until Turnbridge implements its value-add strategy.
The loan is for the developer's 76-unit the Eve, located at 827 Sterling Pl. in Brooklyn. The Eve consists of studios, one- and two-bedroom apartments with 23 units designated as affordable housing. Amenities at the fully electric building include a rooftop deck with grilling stations, a fitness center, a children's play area, a club room, electric vehicle charging stations, a pet washing station and garage parking.
Occurring through eight different sales, ranging from $2-4 million, the company acquired 657 Meeker Ave., 669 Meeker Ave., 3 Sutton St., 5 Sutton St., 164 Kingsland Ave., 166 Kingsland Ave., 667 Meeker Ave. and 661 Meeker Ave. The seller was Black Spruce, who acquired the portfolio in 2017 for $27 million. Between all the locations, the portfolio includes 71 units and 13 commercial spaces.
The company sold its 190,646-square-foot distribution facility at 100 Sanrico Drive in Manchester, Connecticut to SkyREM. Located within the Manchester Industrial Park, the fully leased property features 45-foot clear heights, 24 loading positions and 40-by-65-foot column spacing. SkyREM says the purchase was prompted by the center's strategic location, high-quality tenant and state-of-the-art features.
The luxury fashion brand purchased the retail condominium units at 109 Prince St. from Swiss investor and art financier Jean-Pierre Lehmann. Ralph Lauren, which previously leased the area, now owns the building and said it's glad to remain at the retail location its held since 2011.
A JV between American Real Estate Partners, GreenBarn Investment Group and Rithm Capital landed the loan refinance a build-to-rent multifamily asset in northern Virginia. Located at 43809 Anhinga Ter. in Loudon County, the asset consists of a build-to-rent community comprised of 15 buildings. Property amenities include a dog park, a picnic pavilion, walking trails and multipurpose courts.
The loan will finance the purchase of 169 Pulaski St., a 17.9-acre industrial property in Bayonne. The property includes three industrial buildings and 2.16 acres of industrial outdoor storage space. The property is currently 90% leased to Waitex Global International.
The company acquired the vacant single-story retail building covering the lot at 61 to 63 North Sixth St. The seller was undisclosed. The building was completed in 2018 and features 14,100 square feet of available space.
The company sold the two-story building at 38-02 Junction Blvd. to nonprofit Midwood Development Corporation. Crown bought the building in 2011 for $9 million. The non-profit is expected to use the building to house its operations.
The firm purchased 6 Shelter Dr., a 173,000-square-foot industrial facility located in Greenville. Built in 2004, the property features tilt walls, 32-foot clear heights, 140-foot truck court depths and an ESFR sprinkler system. The building is currently fully leased. The seller and sales price were not disclosed.
Synergy acquired 99 High St., a 32-story office tower in Boston's Financial District. The tower last traded two decades ago, when Nuveen paid $273 million to Walton Street Capital. Constructed in 1971, 99 High St. is a 730,208-square-foot office tower at the corner of High, Congress and Purchase streets. There are 32 tenants and vacancy was 22% at the time of the sale.