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17

Newmark Brokers Sale of 308-Unit Multifamily Property Near San Antonio

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UNIVERSAL CITY, TEXAS — Newmark has brokered the sale of Arya Grove, a 308-unit multifamily property in Universal City, a northeastern suburb of San Antonio. Built in 2006, the property features one-, two- and three-bedroom units with an…

SPI Advisory Sells 276-Unit Northpoint Villas Apartments in Fort Worth

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FORT WORTH, TEXAS — Texas-based investment firm SPI Advisory has sold Northpoint Villas, a 276-unit apartment complex in Fort Worth. Built in 2009, Northpoint Villas offers one-, two- and three-bedroom units and amenities such as a pool,…

16

PGIM Real Estate Provides $129.1M Loan for Refinancing of Southern New Jersey Industrial Property

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CINNAMINSON, N.J. — PGIM Real Estate has provided a $129.1 million loan for the refinancing of Box Park Logistics Center, a 1.2 million-square-foot industrial property located in the Southern New Jersey community of Cinnaminson. The…

Peak Properties Completes 64-Unit Residential Conversion of Historic School in Chicago

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CHICAGO — Peak Properties has completed the residential conversion of a historic elementary school in Chicago’s Uptown neighborhood. Named Stewart School Lofts, the property now features 64 luxury apartment units ranging from studios to…

JLL Brokers Sale of 303-Unit Apartment Community in White Plains, New York

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WHITE PLAINS, N.Y. — JLL has brokered the sale of The Halden, a 303-unit apartment community located north of New York City in White Plains. Built in 2023, the property offers one-, two- and three-bedroom units with an average size of 999…

Law Firm Signs 13,918 SF Office Lease in Wilmington, Delaware

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WILMINGTON, DEL. — Law firm Heyman Enerio Gattuso & Hirzel LLP has signed a 13,918-square-foot office lease in Wilmington, Del. The space is located within PNC Bank Center in the downtown area. John Kaczowka of CBRE represented the…

Monday, Nov 18

17

JLL Arranges $55.2M Acquisition Loan for Healthcare Real Estate Portfolio in North Carolina

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BURLINGTON, DURHAM AND GREENSBORO, N.C. — JLL has arranged a $55.2 million acquisition loan for a nine-property healthcare real estate portfolio in North Carolina. Travis Anderson and Anthony Sardo of JLL arranged the 10-year, fixed-rate…

Preiss, Crow Holdings Acquire 440-Bed Student Housing Community Near University of Alabama

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TUSCALOOSA, ALA. — The Preiss Co. has acquired Riverfront Village, a 440-bed student housing community located near the University of Alabama campus in Tuscaloosa. Preiss purchased the 92-unit community in partnership with Crow Holdings…

Lucid Private Offices Opens 35,234 SF Coworking Space in North Dallas

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DALLAS — Lucid Private Offices, a provider of flexible workspace solutions, has opened a 35,234-square-foot coworking space in North Dallas. The space spans the 15th and 17th floors of 80 NCX, a 290,000-square-foot building, and offers 120…

16

Colliers Arranges $82.2M Sale of Market Street Village Apartments in San Diego’s East Village

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SAN DIEGO — Colliers has arranged the sale of Market Street Village Apartments, a multifamily community in downtown San Diego’s East Village. A private buyer acquired the asset from Equity Residential for $82.2 million, or $359,000 per…

Gantry Secures $18.9M in Financing for Three California Self-Storage Facilities

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LOS ANGELES AND MILPITAS, CALIF. — Gantry has secured $18.9 million in permanent loans for three self-storage facilities in California. The Saf Keep-branded properties offer a total of 2,654 units, with two facilities in Los Angeles and…

Marcus & Millichap Negotiates Sale of 94-Room Extended-Stay Hotel in Westminster, Colorado

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WESTMINSTER, COLO. — Marcus & Millichap has negotiated the sale of Residence Inn by Marriott Denver North Westminster, Colorado in Westminster, a suburb 12 miles north of Denver. Dallas-based NewcrestImage sold the extended-stay hotel to…

Kraus-Anderson Completes $116M High School in Minot, North Dakota

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MINOT, N.D. — Kraus-Anderson has completed construction of a $116 million high school located at 2000 21st Ave. NW in Minot, a city in central North Dakota. The school opened its doors to approximately 1,000 students and teachers in August…

Urban Atelier Group Signs 25,270 SF Office Lease in Midtown Manhattan

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NEW YORK CITY — Urban Atelier Group has signed a 25,270-square-foot office lease at 41 Madison Ave. in Midtown Manhattan. The New York-based construction management firm will relocate from an 18,000-square-foot space at 85 Fifth Avenue in…

Friday, Nov 15

17

Hilco Arranges $27M Bankruptcy Sale of Houston Office Building

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HOUSTON —Hilco Real Estate has arranged the $27 million bankruptcy sale of a 285,000-square-foot office building in Houston’s Galleria district. The 11-story building is known as TwentyFour25 Galleria and was originally built in 1980 and…

Ariel Property Advisors Arranges $31.5M Sale of Harlem Affordable Housing Building

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NEW YORK CITY — Locally based brokerage firm Ariel Property Advisors has arranged the $31.5 million sale of a 127-unit affordable housing building in Harlem. The building at 34 W. 139th St. was originally constructed in 2007. Victor Sozio,…

16

Woodside Health Development Buys Paradise Valley Plaza Office, Medical Complex in Phoenix for $20.9M

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PHOENIX — Cleveland, Ohio-based Woodside Health Development has purchased Paradise Valley Plaza, a multi-tenant office and medical complex in Phoenix, from Cloud Peak Development for $20.9 million. Located at 5010, 5020 and 5040 E. Shea…

Preiss Co. Acquires 784-Bed Student Housing Community Near University of Kansas

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LAWRENCE, KAN. — The Preiss Company has acquired The Collective at Lawrence, a 784-bed, cottage-style community located near the University of Kansas in Lawrence. Formerly known as The Nest, The Collective at Lawrence was built in 2018 and…

HOK to Relocate St. Louis Office to Peabody Plaza Next Year

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ST. LOUIS — Global design firm HOK has signed a lease to relocate its St. Louis office to Peabody Plaza at 701 Market St. next year. Avison Young represented the tenant, while CBRE represented the owner, Briar Meads Capital. The lease…

TruCore Investments Buys 17,250 SF Industrial Outdoor Storage Property in Kansas City

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KANSAS CITY, KAN. — TruCore Investments has purchased a 17,250-square-foot cross-dock truck terminal and maintenance facility at 6125 Speaker Road in Kansas City. The industrial outdoor storage property is situated on 5.4 acres and…

Campus Advantage, Tramview Capital Acquire 700-Bed Student Housing Community Near University of South Carolina

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COLUMBIA, S.C. — A joint venture between Campus Advantage and Tramview Capital Management has acquired Alight Columbia, a 700-bed student housing community located near the University of South Carolina campus in Columbia. The new ownership…

Thursday, Nov 14

Colliers Mortgage Arranges $34.6M Acquisition Loan for Student Housing Property Near University of Texas at Tyler

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TYLER, TEXAS — Colliers Mortgage has arranged a $34.6 million acquisition loan for The Foundry, a 675-bed student housing property that serves the University of Texas at Tyler, located about 120 miles east of Dallas. The Foundry is located…

CBRE Negotiates $7.5M Sale of Medical Office Building in Folsom, California

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FOLSOM, CALIF. — CBRE has brokered the sale of a medical office building located at 1743 Creekside Drive in Folsom. A private seller sold the asset to an undisclosed buyer for $7.5 million. At the time of sale, the 20,086-square-foot…

JLL Arranges $32M Loan for Refinancing of 15-Story Office Building in Chicago

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CHICAGO — JLL Capital Markets has arranged a $32 million loan for the refinancing of 609 West Randolph, a 15-story boutique office building totaling 95,000 square feet in Chicago. Completed in 2022, the property features touchless…

15

Landmark Properties Acquires 616-Bed Student Housing Community Near Clemson University

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CLEMSON, S.C. — Athens, Ga.-based Landmark Properties has acquired The Ridge Clemson, a 616-bed student housing community located at 205 Tiliwa Court near the Clemson University campus in South Carolina. Built in 2018, the property offers…

Cushman & Wakefield Brokers Sale of 207,252 SF Office Building in Warren, New Jersey

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WARREN, N.J. — Cushman & Wakefield has brokered the sale of a 207,252-square-foot office building in the Northern New Jersey community of Warren. According to LoopNet Inc., the six-story building at 30 Independence Blvd. was originally…

Just Kidding Playground to Open 5,975 SF Indoor Gym in North Brunswick, New Jersey

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NORTH BRUNSWICK, N.J. — Just Kidding Playground will open a 5,975-square-foot indoor gym at The Shoppes at North Brunswick, a 147,054-square-foot lifestyle shopping center in Central New Jersey. The location will be the company’s first in…

DC in Denial on Post-COVID Office Property Valuations

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Commercial property owners in the District of Columbia are crawling out of a post-pandemic fog and into a new, harsh reality where office building values have plummeted, but property tax assessments remain perplexingly high. Realization…

Wednesday, Nov 13

18

Stanton Road Capital Completes Renovation of 672,942 SF Office Complex in North Dallas

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DALLAS — California-based investment firm Stanton Road Capital has completed the renovation of Element Towers, a two-building, 672,942-square-foot office complex located off I-635 in North Dallas. The project team upgraded and redesigned…

Triten Real Estate Breaks Ground on 171,000 SF Industrial Project in North Houston

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HOUSTON — Locally based developer Triten Real Estate Partners has broken ground on a 171,000-square-foot industrial project in North Houston. The property, which can support a single or multiple users, will function as a distribution…