The Fannie Mae loan is for Summit Court, a 393-unit multifamily property located in Union, NJ. Summit Court, built in two phases between 2018 and 2023, includes 42 dedicated affordable housing units. The terms of the loan, along with details on its implementation, were not disclosed.
The loan is for the office-to-residential conversion of a 175,000-square-foot office building in Plymouth Meeting, Pa. Located at 500 W. Germantown Pike, Keystone is converting the 1970-built office property into "Monarq," a 149-unit residential building.
A JV between Bristol Group and Butters Construction and Development sold University Place at City Center at 3115 N. University Dr. Essig Holdings already plans to build out high-end office suites within the 204,810-square-foot, 40-year-old office building. The office building's amenities include a fitness center, onsite restaurants, modernized common areas, floor-to-ceiling windows and a modern plug & play call center.
The company bought the five-story residential property at 34 East 61st St. in Lenox Hill from Christian Advocates Serving Evangelism (CASE). CASE bought the property in May 2022 for $16.5 million. The buyer didn't divulge its plans for the property.
A JV between DL Development and Argos Development acquired the Breeze, a three-story mixed-use building in East Williamsburg, Brooklyn. Located at 314 Scholes St., the seller was Hudson Companies. The 100,000-square-foot building is a renovated industrial site with a mix of commercial, industrial and retail tenants.
The 841 Memorial apartment complex in Reynoldstown was sold to an unnamed Chicago-based buyer. The property last sold in 2017 for $13.6 million. Built in 2016, the complex features 80 apartments, offering studio, one- and two-bedroom units.
Bought via a bankruptcy auction, the company bought the shuttered two-story restaurant space at on 0.14 acres near the corner of West Main St. and Highway 15 in Durham County. The previous owners filed for bankruptcy in 2024. The sale is only for the restaurant space, not the entire building, as the second story has residential condos that people own.
PGIM unloaded Crosswinds and Mariner Bay at Annapolis Town Center. The 215-unit Crosswinds at 1903 Towne Centre Blvd. sold for $73 million and the 208-unit Mariner Bay at 1910 Towne Centre Blvd. sold for $87 million. Crosswinds was built in 2013 and totals 223,239 square feet and Mariner Bay, developed in 2008, spans 271,000 square feet.
The photography retailer purchased Brookfield Asset Management's 10-story office building in Manhattan's Garment District. The property is located at 333 West 34th St. B&H is expected to move its operations to the building.
A JV between Corebridge Real Estate Investors and The RMR Group acquired Avana Bayview, a 225-unit property at 1631 South Federal Highway. The 411,173-square-foot complex, built in 2004, holds three five-story buildings. The JV said it's an opportune time to invest in multifamily real estate as they expect the sector to enter into a phase of steady, demand-driven growth.
The brokerage bought the Clemmons Town Center retail development from Main Street Clemmons. The shopping center includes two buildings leased to assorted retail outfits, including a Planet Fitness and an assortment of restuarant options. Linville says the shopping center has a great mix of local and national tenants and they see it as "an asset in the company's backyard."
Leon Industrial bought the 120,000-square-foot industrial facility located near I-77 at 2690 Commerce Dr. in Rock Hill, a suburb of Charlotte. The seller was Graham Capital. Leon also tapped Avison Young to handle leasing of the property moving forward.
The company acquired the Advance Auto Parts tower, located at 4200 Six Forks Rd. The seller was Lionstone Investments of Houston. The 20-story tower is 346,000 square feet and fully leased, with Advance Auto Parts as the anchor tenant.
The Rise at Planation Walk was acquired by Journey Capital Real Estate Partners. Completed in 2021, The Rise is a 569,779-square-foot development consisting of two seven-story apartment buildings with 404 apartments. The apartment building is part of a 32-acre mixed-use phased development that also includes retail and entertainment options nearby.
Shoma Village Apartments in Hialeah, a 451,817-square-foot mixed-use project at 429 Hialeah Dr. in Hialeah, was sold to IMC Equity Group. The seller was Shoma Group. Shoma Village Apartments includes of two eight-story apartment buildings with 304 units and a seven-story parking garage, as well as ground floor retail.
The loan will refinance the Arris Grand, a nine-story, mixed-use complex with 113 apartments in Brooklyn's Clinton Hill neighborhood. Located at 445 Grand Ave., the property features studio to two-bedroom apartments and is 100% leased. Amenities include a rooftop terrace, a fitness center, media and gaming lounges, a pet spa, an outdoor dog run and coworking spaces.
The company acquired Sauer Industrial Center, a 280,000-square-foot distribution center at 943 S. Airport Dr. in Richmond, Va. The building is currently fully leased by two international tenants. Built in 2022 on a 26-acre site, Sauer Industrial Center has 32-foot clear heights, a 200-foot truck court, 46 trailer parking spots and 172 car parking spaces.
The company will use the loan to acquire Marketplace at Braintree, an 85,134-square-foot retail property located in southern Boston. The property is a three-suite condo that is currently fully leased. The seller was undisclosed.
The Village Shoppes at Coconut Creek, a 4.93-acre shopping plaza at 4670-4690 N. State Rd. 7 in Coconut Creek, was sold by Village Shoppes of Coconut Creek Investments. The seller paid $19.6 million for the property in Feb. 2015. The Village Shoppes consists of a 48,000-square-foot main building and an outparcel building rented out to a bank.
The developer offloaded its north Brooklyn mixed-use building, located at 314 Scholes St., to Tri Jay Owner, a limited liability company. Hudson Cos. acquired the roughly 100,000-square-foot building for $27.8 million in 2016. While the building's retail space is fully-leased, office space remains for rent.
The company scooped up three warehouse properties, located at 4574 Dyer Blvd., 4249-4261 Westroads Dr., and 6677-6687 42nd Terrace N. The seller was Brightleaf Property Management. The properties include seven warehouses, built between 1979 and 1997, which the buyer said has historically high occupancy rates with a diverse tenant mix to minimize industry-specific risk.
A limited liability company bought 337 Newbury St. from the firm for $2,800 per square foot. The building previously held a retail business that has since shuttered. Neither the seller nor buyer commented further on the transaction.
The company bought Mary Hardesty House, a 60-unit senior community located at 218 Mosby Blvd. in Berryville, Va. The property is exclusively used for low-income housing for seniors. Community Housing Partners said the property doesn't have any major deferred maintenance or operational challenges, making for an attractive purchase.
The loan is for Alpine's Atlas and Starling, two apartment complexes totaling 208 units in the Bergen-Lafayette section of Jersey City. Located at 270 Johnston St., Atlas comprises 169 apartments, including 11 affordable units. Starling is located at 66 Monitor St. and offers 39 apartments with three affordable units. Both apartments also include ground-floor retail space.
The loan is to finance the acquisition of nearly 16 acres of vacant land on Miami's Biscayne Corridor. The land, which holds a shuttered trailer park, is located at 8500 Biscayne Blvd. 8500 Biscayne Owner plans to construct mixed-use commercial space and residential units on the space.
The company bought Statesville Commerce Center, 263,690-square-foot retail building, from Williams Development Group for $105 per square foot. Statesville Commerce Center is 57% leased. LaSalle says the retail center's location and "modern design" made it an attractive investment to capitalize on the region's continued industrial growth.
The company bought the Courtyard by Marriott Atlanta Buckhead, a 181-room hotel, from RLJ Lodging Trust. The Buckhead Courtyard was built in 1996 and includes about 1,500 square feet of meeting space. Partners said the hotel's recent renovation and a long-term commitment from Marriott give the firm the "perfect starting point to add value for our investors."
The company sold Airport Commerce Park, located at 4101 Ravenswood Rd. in Dania Beach, to a JV between Triarch Capital Group and Axiom Capital Advisors. Covering four flex industrial structures built in 1987, Airport Commerce Park totals 81,188 square feet. The park has space for lease and was recently renovated to update the space.
A JV between 4th Dimension and Kohan Retail Investments sold Seminole Towne Center to The Ardent Cos. Built in 1995, Seminole Towne Center was last purchased for $52.3 million in 2020. The buyers plan to redevelop the mall, which shuttered in early 2025, into a residential building.
The firm bought the 65-acre industrial warehouse campus at 10230-10251 Harry J. Parrish Blvd., for $2.9 million per acre, to build a data center. The seller of the four-parcel assemblage was Pruitt, a general contracting and property management firm. No time-frame was given for the data center's build.
The firm acquired Rivers Bend, a 22-story, 179-unit, apartment building in Manhattan's Upper East Side from Soloviev Group. Located at 501 East 87th St., the building has been open since 1963. The building features a parking garage and a rooftop terrace with a glass-encased indoor swimming pool, and amenities include a fitness center and 24-hour doorman service.
The six-story red-brick structure, which was constructed as a warehouse in 1885 was sold to a limited liability company. Wegweiser and Ehrlich Hold purchased the property in 1985 for $1.7 million. Located at 53 Beach St., the roughly 40,000-square-foot building was occupied by the Montessori School of Manhattan from 2003 until it closed for good in 2017. The building was briefly occupied again in 2023 by WeWork.
LaSalle Investment Management bought the 263,690-square-foot industrial building located at 146 E. Barkley Rd. in Charlotte, N.C. from Williams Development Group. The building is leased to Weinig Holz-Her, a manufacturer, which will remain in the space. The building is part of the Statesville Commerce Center, which was developed by Williams Development Group in 2023.
The company acquired Canterbury Ridge Apartments, a 212-unit community in Canton, Ga., from Dominium. Atlantic Pacific says it will rebrand the property as The Atlantic Canton Ridge, as well as perform interior and exterior upgrades. Completed in 1999, the property is located at 101 Canterbury Rdg. and encompasses eight three-story buildings spread across almost 15 acres.
The Holiday Inn Express & Suites at 14651 N.W. 20th St. was sold by Jasmin Hospitality Management. The 110-room, five-story, 61,835-square-foot hotel was built in 2006 on two acres of land. The hotel has an outdoor pool and each room has a mini-refrigerator, an iron, an ironing board, complimentary coffee and tea, a 48-inch TV and Wi-Fi.
The company bought the prepped and permitted homesites in the Lake Ella community in Lady Lake from RealOp Investments. The nearly-64-acre planned development site has space for 232 units. Further details on the purchase were not announced.
The company bought the land at 2400 Tallevast Rd. with plan to break ground on the site this year. Greystar is building a 336-unit apartment complex, called Marlowe Sarasota, with amenities to include a 24/7 gym, coworking space, a resort-style pool, outdoor entertainment areas, a dog park and a centralized pond with a walking path. The seller was undisclosed.
The company bought the downtown Raleigh site at 520 S. Harrington St., which currently holds a single-story office building. The seller was Vistabution. The building on site is 4,160 square feet, which was built in 1968 and renovated in 2010.
The company acquired over 12 acres at 125 Douglas Park Dr. from an undisclosed seller. The property is home to A1A Yachts, a local boat business, but the buyer may have other plans for the site.
The company bought the 125-year-old walk-up apartment buildings at 33 to 39 E. 60th St. Solil Management was the seller, who's owned the buildings since 2002. Extell plans to demolish the buildings on site and redevelop them into mixed-use units.
The firm bought Mall Plaza, a 153,576-square-foot shopping center in South Portland. The mall was 83% leased at the time of sale, with Dick's Sporting Goods serving as the anchor tenant. The center also features five pad sites, four of which are occupied. The seller was GMG.
The company unloaded its fully-leased industrial building at 850 Lufkin Rd. in Apex, N.C. Lightstone acquired the building. The 1972-constructed building was renovated in 2016 and has 16- to 20-foot clear heights, 10 dock-high doors, three drive-in doors and totals 150,907 square feet.
Butters Construction & Development sold the 48,829-square-foot office at 950 Peninsula Corporate Cr. The building last traded for $13 million in 2020. The three-story office building was built on the 2.7-acre site in 2006 and includes hurricane impact glass and a back-up generator.
The company acquired its distribution center in Savannah, where it has been a tenant for 30 years. The property covers about 325 acres near the Savannah/Hilton Head International Airport, which includes a 1.4 million-square-foot distribution center and more than 100 acres of adjacent land. The seller was the Savannah Economic Development Authority.
The loan is for Homewood Suites by Hilton Charlotte Uptown First Ward, a 211-room hotel located at 508 N. College St. in Uptown Charlotte. The Homewood Suites hotel features a lobby, lounge, bar, restaurant, business center, fitness center and luggage storage. The 13-story hotel opened in 2023.
A JV between BFC partners, NHP Foundation and St. John Baptist Church purchased the 360-unit Towne Gardens apartment community with plans to renovate. Located at 440 Clinton St., Buffalo, the JV will spend $2 million to perform a series of improvements The JV bought the property out of foreclosure from an affiliate of Fannie Mae.
The firm bought the building at 313 Washington St. in Newton Corner from Grander Capital Partners. The 81,000-square-foot office and retail building, about 66% leased to 20 tenants. City Realty will move its offices to the building, upgrade the property's common areas and seek to lease the vacant space.
The company bought the industrial warehouse at 3939 N. Forsyth Rd. from an entity tied to Custom Comfort Medtek. Built in 1962, the 50,585-square-foot building sits on 1.8 acres in an industrial section of Winter Park. The seller said the property was well-maintained for an older building.
The company bought the property at 2611 Lavista Dr. in Burlington, N.Y. from AG-RC Lavista Drive Owner. The building is a 143,000-square-foot industrial warehouse built in 1985 and renovated in 1992. The property is currently occupied.
The company sold its 4,100-square-foot lot at 341 Nevins St. to an affiliate of real estate developer Anbau. The site is currently zoned for a building up to about 14,750 square feet in size. Equity Residential says it plans to build a residential development on-site with for-sale properties.
48 Leona bought 48 Leona Dr., a single-story industrial building in Middleboro, Mass., from Miroj. Built in 1999 and located in an industrial park, the property includes approximately 26,000 square feet of warehouse space.
The REIT acquired four shopping centers in Duval County totaling $61.3 million and two properties in St. Johns for $25 million. The seller for all of the lots was Peter Sleiman Development Group. The purchased centers include Roosevelt Plaza located at 4524, 4509 and 4530 St. Johns Ave., Oakleaf Crossing at 9680 and 9660 Argyle Forest Blvd., Deerwood Station at 8221 Southside Blvd., Carrie Plaza at 10400 San Jose Blvd., Julington Station at 465 State Road 13 N. in St. Johns and Southlake Plaza at 2225-2245 County Road 210 W.
The firm acquired a 95,000-square-foot office building in the Meatpacking District of Lower Manhattan. The building at 430 W. 15th St. was fully leased at the time of sale. The seller of the building, which was renovated and expanded in 2015, was undisclosed.
The loan is for the purchase of 16 acres at 8500 Biscayne Blvd. Flow plans to build 2,380 residential units as well as commercial space and a school on the site. The now-vacant site previously functioned as a trailer park called Little Farm.
The company unloaded Bensalem Shopping Center, a 109,057-square-foot grocery-anchored retail center in Bensalem, Pa. Empire Realty had purchased the property for $8.1 million back in 1989. The buyer of the retail center, located at 1961 Street Rd., was undisclosed.
The company purchased the 192-unit Harbour Landing and the 112-unit Ravenwood Hills from Institutional Property Advisors. The buildings were last sold in May 2021 from Eskay Management in a $32 million portfolio transaction sale. Completed in 1974, Harbour Landing is at 514 Spindrift Ln. and covers 19 two-story residential buildings spread across 20 acres and the 1969-completed Ravenwood Hills at 4215 Bethel Church Rd. features 13 two-story buildings across.
The company bought The Sands at Clearwater Apartments, a 240-unit apartment sold by Starwood Capital Group. The complex, located at 2168 Druid Rd., was built in 2014. No further details were released on the purchase.
The company sold the Rego Park Health Care facility at 111-26, 111-20 and 111-16 Corona Ave. to S&A Re Acquisitions. The seller paid $3.3 million for the six-story, 200-bed Rego Park facility in 2008. No further comment on the purchase was released.
The loan is for the 182-room Residence Inn New York JFK Airport at 142-30 135th Ave. The loan will consolidate the debt taken in during its development. Chartwell Hospitality wrapped construction on the building, located in South Ozone Park, in 2020, which spans 12 stories and 300,000 square feet.
The firm acquired TownPark Commons, an Kennesaw office park spanning more than 20 acres off George Busbee Pkwy. TownPark Commons has four office buildings that span a total of 350,000 square feet. It's also 96% occupied.