DALLAS — Atlanta-based hospitality brokerage firm Hunter Advisors has arranged the sale of the 248-room Embassy Suites by Hilton Dallas Love Field hotel. Suites at the eight-story hotel feature separate living and sleeping areas, flexible workspaces and in-room amenities such as mini-refrigerators and microwaves. Shared amenities include 4,400 square feet of meeting and event space across seven rooms, a full-service restaurant and bar, an indoor pool, fitness and business centers and complimentary breakfast service. An entity doing business as FelCor Dallas Love Field Owner LLC sold the hotel to Scenic Capital Advisors LLC for an undisclosed price. Kami Burnette of Hunter Advisors brokered the deal.
Acquisitions
RICHMOND, VA. — A joint venture between Lingerfelt and Partners Group has sold a nearly 1.2 million-square-foot industrial portfolio in metro Richmond for $175 million. JLL represented the joint venture in the transaction. The buyer was not disclosed. The portfolio includes three buildings within Walthall Distribution Center in South Chesterfield, Va., and one building within Northlake Distribution Center in Ashland, Va. Lingerfelt and Partners Group acquired the portfolio in March 2023 for $105.6 million, with Partners Group as the majority investor in the joint venture. The partnership invested $9 million in capital improvements into the portfolio and executed 875,000 square feet of new leases and lease renewals during its ownership period. Range Commercial Partners previously handled property management and leasing for the portfolio, which was fully leased at the time of sale.
Investment Group Acquires Former Dine-In Movie Theater in Virginia Beach, Plans Indoor Padel Venue
by John Nelson
VIRGINIA BEACH, VA. — An entity doing business as BIVI/Padel has acquired the former Beach Cinema Alehouse, a dine-in movie theater located at 941 Laskin Road in Virginia Beach, for $6.3 million. The buyers — a partnership between Jason Vickers-Smith and Ahmad Butt — plan to transform the property into an indoor padel facility, dubbed the Padel Foundry. The venue is targeted to open in early 2027. Gerald Divaris and Sezin Cortinas of Divaris Real Estate represented the seller, while Levi Thomson, also with Divaris Real Estate, represented the buyer.
BEDFORD, N.H. — Local owner-operator Arrowpoint Properties has acquired The Meridian, an 85-unit apartment complex in Bedford, located near the Massachusetts-New Hampshire border. Built on 6.4 acres in 2007 and renovated in late 2024, the three-story building offers one- and two-bedroom units and amenities such as a fitness center, community and recreation rooms, pet spa, library and onsite laundry facilities. The seller and sales price were not disclosed.
LOS ANGELES — Raintree Partners has completed the sale of Axiom Westwood, a four-building student housing portfolio adjacent to University of California, Los Angeles (UCLA), to a private multifamily investor for $62.6 million. Kevin Green, Joseph Grabiec and Gregory Harris of Institutional Property Advisors (IPA), a division of Marcus & Millichap, represented the seller and procured the buyer in the deal. Built between 1962 and 1967, Axiom Westwood offers 153 units featuring dual-pane windows, full-size kitchens and air conditioning, with select units offering vaulted ceilings, fireplaces and patios or balconies. Axiom Westwood features controlled access, laundry facilities, elevators, two swimming pools, three gas barbecue grills and gated and covered parking.
SEATTLE — High Street Residential, the residential subsidiary of Trammell Crow Co., has completed the disposition of Corner 63 Apartments to an undisclosed buyer for $59.3 million. Located at 6300 9th Ave. NE. in Seattle’s Roosevelt neighborhood, Corner 63 features a mix of studio, one- and two-bedroom apartments. Onsite amenities include a rooftop terrace, fitness center, coworking lounge, dog run area and secured parking. The seven-story, mid-rise property was built in 2023. Eli Hanacek, Kyle Yamamoto and Natalie Kasper of CBRE’s Pacific Northwest multifamily team represented the seller in the transaction.
MINNEAPOLIS — Colliers has arranged the $9 million sale of Anderson Plaza Apartments, a 100-unit multifamily community in Minneapolis. The transaction marks the first time the asset has changed ownership. The property was developed in 1963 on a former quarry site and family-owned since its inception. Mox Gunderson, Dan Linnell, Adam Haydon, Devon Dvorak and Drew Jackson of Colliers represented the seller. The buyer, Quarry Apartments LLC, plans to make targeted renovations and operational enhancements. The property was 86 percent occupied at the time of sale.
OTSEGO, MINN. — Marcus & Millichap has brokered the $6.3 million sale of a childcare facility net leased to Everbrook Academy in Otsego, about 33 miles northwest of downtown Minneapolis. Built in 2025, the 11,758-square-foot property features a 15-year lease backed by Learning Care Group. Spencer Berkley, Mark Ruble, Chris Lind, Zack House and Jon Ruzicka of Marcus & Millichap represented the seller, a Minnesota-based limited liability company, and procured the buyer, a Delaware-based limited liability company.
CHICAGO — Chicago-based construction firm Bulley & Andrews (B&A) has acquired Interior Construction Group (ICG), a Chicago-based general contractor specializing in interior construction. ICG will now operate as Bulley & Andrews Interior Construction Group and will continue to serve clients from its current downtown Chicago office. ICG founders Steve Zuwala and Mike Lynk will continue to lead the business. The acquisition marks the fifth in B&A’s history and comes as the company celebrates its 135th year in business.
IRVING, TEXAS — Marcus & Millichap has brokered the sale of a 153-room hotel located near Dallas-Fort Worth (DFW) International Airport. Built in 1997 and renovated in 2025, the Courtyard Dallas DFW Airport North/Irving offers an onsite restaurant and bar, outdoor pool, fitness and business centers, a mini-golf area and 1,350 square feet of meeting and event space. Chris Gomes and Allan Miller of Marcus & Millichap represented the California-based seller in the transaction and procured the buyer. Both parties requested anonymity.