Acquisitions

JLL Brokers $118.5M Sale of Whole Foods-Anchored Shopping Center in Boca Raton, Florida

by John Nelson September 17, 2025

BOCA RATON, FLA. — JLL Capital Markets has brokered the $118.5 million sale of Uptown Boca, a 194,927-square-foot shopping center located at 9536-9704 Glades Road in Boca Raton. Whole Foods Market anchors the property, which was fully occupied at the time of sale to tenants including Life Time Fitness, REI, HomeSense and Sephora. Danny Finkle, Jorge Portela and Kim Flores of JLL represented the seller, a joint venture between Schmier Property Group, Giles Capital Group, Rosemurgy Properties and Wheelock Street Capital. The buyer was Stockbridge Capital Group. Uptown Boca also features 456 luxury apartment units that were not included in the transaction.

September 17, 2025

Acquisitions Arizona California Colorado Multifamily Nevada Western

JLL Arranges $1.1B, 15-Property Multifamily Portfolio Recapitalization

by Amy Works September 17, 2025

SAN DIEGO — On behalf of Sunroad Enterprises, JLL Capital Markets has arranged a $1.1 billion venture with Fairfield to capitalize a 15-property multifamily portfolio that spans six states. JLL also arranged $415 million in financing with Freddie Mac for 10 assets. The loan will be serviced by JLL Real Estate Capital, a Freddie Mac Optigo Lender. Additionally, $250 million of financing was secured from accounts managed by KKR. The assets, which represent a portion of Sunroad’s overall portfolio, were assembled over a six-year period. Totaling 3,830 units, the portfolio consists of six Class A core assets and nine value-add assets with ongoing renovations underway. The assets have an average vintage of 2011 and are a mix of 65 percent garden-style communities and 35 percent mid-rise communities, with six in Arizona, one in Nevada, three in Colorado, two in North Carolina, two in South Carolina and one in Georgia. Aldon Cole, Roberto Casas, Tim Wright and Bharat Madan of JLL handled the majority of the transactions, while Mark Wintner of JLL handled the Colton Apartments asset in Henderson, Nev.

September 17, 2025

Acquisitions Arizona Build-to-Rent Single-Family Rental Western

Arcadia Capital, Platform Ventures Sell Two Build-to-Rent Communities in Metro Phoenix for $44.1M

by Amy Works September 17, 2025

CHANDLER AND MESA, ARIZ. — Arcadia Capital Group and Platform Ventures have completed the disposition of two build-to-rent (BTR) Class A communities, totaling 91 homes, in metro Phoenix. Tricon Residential acquired the assets for $44.1 million. The transactions include the $23 million sale of Bower Hudson Crossing, a 43-unit BTR community in Chandler; and the $21.1 million sale of Bower Gateway, a 48-unit BTR property in Mesa. The blended price per unit was $485,164. Built in 2024, Bower Hudson Crossing features three- and four-bedroom homes with modern interiors, private backyards and two-car garages pre-wired for electric vehicle chargers. At the time of sale, the property was fully occupied. Built in 2022, Bower Gateway offers three- and four-bedroom residences with contemporary designs, private yards, two-car garages, grass courtyards and landscaped walking trails. Ryan Boyle, Trevor Koskovich, Jesse Hudson and Logan Baca of Northmarq represented the sellers in the deal.

September 17, 2025

Acquisitions Arizona Multifamily Western

Northmarq Brokers $36M Sale of Multifamily Community in Midtown Phoenix

by Amy Works September 17, 2025

PHOENIX — Northmarq has arranged the sale of U@19th, a real estate owned (REO) multifamily property in midtown Phoenix. BrightSpire Capital sold the asset to The Eiders Co. for $36 million. Jesse Hudson, Trevor Koskovich, Ryan Boyle and Logan Baca of Northmarq represented the seller in the transaction. Built in 1973 and renovated in 2024, U@19th features 236 one-, two- and three-bedroom apartments averaging 875 square feet. The recent renovations include extensive exterior upgrades and partially completed interior updates, including stainless steel appliances, wood-inspired flooring, resurfaced quartz countertops, new white cabinet fronts with chrome pull handles, subway tile backsplash and upgraded hardware, lighting and paint.

September 17, 2025

Acquisitions Industrial New York Northeast Self-Storage

Marcus & Millichap Brokers Sale of 407-Unit Self-Storage Facility in Liverpool, New York

by Taylor Williams September 17, 2025

LIVERPOOL, N.Y. — Marcus & Millichap has brokered the sale of America Stores It, a 407-unit self-storage facility in Liverpool, located about 10 miles northwest of Syracuse. Built on 5.6 acres in 2023, the property offers 47,700 net rentable square feet of space across 31 climate-controlled units and 376 non-climate-controlled units. Nathan Coe, Gabriel Coe and Brett Hatcher of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction. John Horowitz of Marcus & Millichap assisted in closing the deal as the broker of record. The sales price was also not disclosed.

September 17, 2025

Acquisitions California Multifamily Western

CBRE Negotiates Sale of 76-Unit Cambridge Apartments in West Covina, California

by Amy Works September 17, 2025

WEST COVINA, CALIF. — CBRE has directed the $26.3 million purchase of Cambridge Apartments, a multifamily property in West Covina. A multifamily investment group acquired the asset, which is located at 2601 E. Valley Blvd. Situated on 5.5 acres, Cambridge Apartments offers 76 one- and two-bedroom units. Eric Chen and Justino Fa’aola of CBRE represented the buyer in the transaction.

September 17, 2025

Acquisitions California Retail Western

Marcus & Millichap Arranges Sale of 3,251 SF Retail Property in Downtown San Diego

by Amy Works September 17, 2025

SAN DIEGO — Marcus & Millichap has brokered the sale a retail property located at 1631 Sixth Ave. in downtown San Diego’s Cortez Hill submarket. Mills at Cortez LLC sold the asset to an undisclosed buyer for $1.9 million. 7-Eleven and Barber Craft Retail Condo occupy the 3,251-square-foot property. Reed Hamilton, Bill Rose and Parker Wada of Marcus & Millichap represented the seller in the deal.

September 17, 2025

Acquisitions Illinois Industrial Midwest Missouri

MAG Capital Partners Buys 165,000 SF Food-Grade Production Portfolio in Metro Chicago, Kansas City

by Kristin Harlow September 17, 2025

CHICAGO AND KANSAS CITY, MO. — MAG Capital Partners has purchased two food-grade production facilities via a sale-leaseback in metro Chicago and Kansas City. The seller was a provider of ingredients for food, pet and personal care segments. The portfolio comprises 165,000 square feet of manufacturing, warehousing and R&D space on 33 acres.

September 17, 2025

Acquisitions Industrial New Jersey Northeast

Stonemont Financial Buys 67,000 SF Industrial Service Facility in Logan Township, New Jersey

by Taylor Williams September 17, 2025

LOGAN TOWNSHIP, N.J. — Atlanta-based investment firm Stonemont Financial Group has purchased a 67,000-square-foot industrial service facility in the Southern New Jersey community of Logan. The facility sits on a 32-acre site at 300 Progress Court within the Pureland Industrial Complex and features seven drive-in doors, two dock doors, office space, outdoor storage space and onsite rail access. KBC Advisors is marketing the facility for lease. The seller and sales price were not disclosed.

September 17, 2025

Acquisitions New York Northeast Office Top Stories

Rithm Capital Agrees to Acquire Paramount Group Office REIT for $1.6B

by Kristin Harlow September 17, 2025

NEW YORK CITY — Rithm Capital Corp., a global alternative asset manager, has entered into a definitive agreement to acquire Paramount Group Inc. (NYSE: PGRE), a vertically integrated real estate investment trust (REIT) that owns, operates, manages and redevelops Class A office properties in New York City and San Francisco. The purchase price is approximately $1.6 billion. New York City-based Paramount’s portfolio includes 13 owned and four managed office assets totaling more than 13.1 million square feet, 85.4 percent of which was leased as of June 30. Under the terms of the agreement, which has been approved by the boards of directors of both companies, Rithm will acquire all outstanding shares of Paramount common stock for $6.60 per fully diluted share. Paramount’s stock price closed at $7.38 per share Tuesday, Sept. 16, up from $5.08 per share one year ago, a more than 45 percent increase. Rithm expects to fund the transaction with a combination of cash and liquidity from its balance sheet and potential opportunities from co-investors. New York City-based Rithm says the addition of the Paramount portfolio will create new opportunities for investors to access its real estate platform and bolster its asset management business. “We believe the …

September 17, 2025

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