SAN ANTONIO — A partnership between Dallas-based Apricus Realty Capital and Baltimore-based ABR Capital Partners has purchased a 4.3-acre industrial outdoor storage (IOS) facility in San Antonio. The facility at 8799 Crownhill Blvd. is situated adjacent to San Antonio International Airport and features crane-served warehouse space, maintenance facilities, a concrete storage yard and multiple drive-in loading positions. The facility was fully leased at the time of sale. The seller and sales price were not disclosed.
NEW BRAUNFELS, TEXAS — Dallas-based investment firm CanTex Capital has acquired an 18,535-square-foot industrial building in New Braunfels, a northeastern suburb of San Antonio. According to LoopNet Inc., the single-tenant building at 7570 I-35 was completed in 2023. The building can also support industrial outdoor storage use. Patrick Cromwell of Savills represented CanTex in the transaction. The seller and sales price were not disclosed.
RALEIGH, N.C. — A partnership between Portsmouth Real Estate Partners and Marcus Partners has purchased Vine North Hills, a 326-unit multifamily community located at 500 St. Albans Drive in Raleigh. The seller and sales price were not disclosed. Newmark arranged an undisclosed amount of acquisition financing for the partnership, which is the first venture between Portsmouth and Marcus. Vine North Hills sits within the 33-acre North Hills Innovation District, which is part of Raleigh’s North Hills mixed-use neighborhood. Completed in 2020, the property offers studio, one-, two- and three-bedroom apartments, as well as a “full” suite of amenities and structured parking.
SCOTTSDALE, ARIZ. — Braemar Hotels & Resorts has entered into an definitive agreement to sell the Four Seasons Resort Scottsdale for $372 million, or $1.8 million per key, to an undisclosed buyer. The transaction includes a $10 million non-refundable earnest money deposit and is expected to close Oct. 22, subject to customary prorations and adjustments. Including anticipated capital expenditures of $23 million, the sales price represents a 6.2 percent capitalization rate on net operating income for the past 12 months ending in August 2026. The sales of these assets, in conjunction with other planned refinancing, are expected to create sufficient funds to pay the remainder of the Company Sale Fee and Master Agreement Termination Fee owed to Ashford as part of Braemar’s separation from Ashford and transition to a self-managed REIT. The completion of the separations is expected by mid-November. Pending completion of transactions, Braemar’s portfolio will include:
LAHAINA, HAWAII — An affiliate of U.S. Realty Partners has completed the disposition of a two-property retail portfolio in Lahaina to 11North Partners for $155 million. The portfolio includes: Bryan Ley and Tim Kuruzar of Northmarq, along with Jamie Brown of Hawaii Commercial Real Estate, brokered the sale. Additionally, Northmarq’s Joe Giordani, Alex Kane and Matt Radich arranged $96 million in acquisition financing through PNC Bank.
SEATTLE — Cadence Real Estate Advisors has acquired The Court at Northgate, a multifamily community located in the Pinehurst neighborhood of Seattle. A private seller group sold the asset for an undisclosed price. Built in 1978 on 3.3 acres, The Court at Northgate is a three-story property offering 132 studio, one- and two-bedroom apartments, a central courtyard swimming pool, clubhouse, game room, covered barbecue area and a dog park. Philip Assouad, Giovanni Napoli, Ryan Harmon, Nick Ruggiero and Anthony Palladino of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller and procured the buyer in the deal.
IRVINE, CALIF. — Economos DeWolf has arranged the sale of an office building located at 2391 Morse Ave. in Irvine. The property traded for $15.7 million, or $707 per square foot. Steve Economos and Geoff DeWolf of Economos DeWolf represented the undisclosed seller and buyer in the deal. The 22,193-square-foot building, formerly headquarters of RiverRock Real Estate Group, is renovated and offers 5 Freeway frontage.
SUN PRAIRIE, WIS. — Berkadia has arranged the sale of Aster at Sun Prairie, a 228-unit multifamily property formerly known as Springs at Sun Prairie. Pete Evans and Richard Evans of Berkadia represented the seller, Menomonee Falls, Wis.-based Continental Properties. The buyer was Kirkland, Wash.-based Weidner Apartment Homes. Built in 2018, the property comprises 12 buildings and a clubhouse with a pool and fitness center.
EASTON, PA. — A partnership between Pennsylvania-based developer Benchmark Real Estate and New York City-based investment firm Regal Ventures has purchased an 85,053-square-foot industrial building in Easton, located in the Lehigh Valley. Constructed on 12.4 acres in 1972, the building at 100 Kuebler Road is located within Forks Industrial Park and houses the global headquarters of Human Active Technology (HAT), a designer and manufacturer of ergonomic workspace solutions. The seller and sales price were not disclosed. The new ownership plans to expand the facility by 70,000 square feet.
EAST WINDSOR, N.J. — Cushman & Wakefield has brokered the $4.7 million sale of a 27,992-square-foot industrial and life sciences building in East Windsor, located outside of Trenton in Central New Jersey. The building at 55 Lake Drive was constructed in 1974 (renovated in 2013) and was vacant at the time of sale. Dan Bottiglieri, Deb Boucher, Jordan Sobel, Andrew Schwartz, Andre Balthazard, Mike Dean and Kate Boyle of Cushman & Wakefield represented the seller, Danish biotechnology company Novonesis, in the transaction. The team also procured the undisclosed buyer.