SAN DIEGO — Pacific Coast Commercial has arranged the sale of an 11,700-square-foot office and industrial building located at 3341 Hancock St. in San Diego. The transaction also included two adjacent vacant parcels. Simon & Associates LLC sold the asset to SOMO Properties LLC for $3.6 million. Tommas Golia, Jason Vieira and Colton Speas of Pacific Coast Commercial represented the seller, while Trent Smith of Cushman & Wakefield represented the buyer in the transaction.
CHICAGO — Greystone has provided a $120 million Fannie Mae loan for the acquisition of Fulbrix Apartments in Chicago’s Fulton Market. The 27-story apartment tower features 375 units at 160 N. Elizabeth St. Eric Rosenstock and Jesse Yodice of Greystone originated the financing on behalf of the borrower, Normandy Real Estate. The loan features a 10-year term with seven years of interest-only payments. The $170 million purchase marked Chicago’s largest multifamily sales transaction since 2023, according to Greystone.
MILWAUKEE — Kiser Group has brokered the sale of a 120-unit multifamily portfolio in Milwaukee’s Near West Side for $5.2 million. The four-property portfolio, which was 93 percent leased at the time of sale, included 2848 W. Wells St., 2929 W. Wisconsin Ave., 2635 W. Juneau Ave. and 2625 W. Juneau Ave. Luis Robles of Kiser brokered the transaction. The buyer owns a significant number of nearby assets. The deal represents the highest-volume multifamily sale in the Near West Side in 2025, according to Kiser.
ROCKAWAY, N.J. — CBRE has brokered the $12.7 million sale of Pine Street Commons, an industrial and office complex located in the Northern New Jersey community of Rockaway. The property consists of six buildings on a 17-acre site. According to LoopNet Inc., the property was built in 1955 and totals 63,050 square feet. Charles Berger and Jeffrey Babikian of CBRE represented the seller and procured the buyer, both of which requested anonymity, in the transaction. Pine Street Commons was approximately 95 percent leased at the time of sale.
GAINESVILLE, FLA. — Continuum Advisors has arranged the sale of The Village at Gainesville, a 639-unit seniors housing community in Gainesville. SantaFe Healthcare Inc. sold the 100-acre asset to funds managed by Fortress Investment Group for an undisclosed price. The Village at Gainesville consists of nine residential buildings — six independent living, one assisted living and two memory care — and several community clubhouses with amenities. Eighty percent of the residences are dedicated to independent living. Continuum states that the property is considered one of the largest seniors housing rental communities in the United States. According to the property website, amenities include a fitness center with trainers, pool with a hot tub, tennis and pickleball courts, a reading room, hair salon, woodshop, housekeeping services and internet access. The community also offers scheduled transportation throughout the grounds and off-campus. The property sits across from Santa Fe College, a two-year community college, and within five miles of the University of Florida. SantaFe Healthcare has owned and managed The Village at Gainesville for more than 30 years and has overseen three expansion projects at the community from 1986 through 2009. The locally based healthcare owner-operator injected capital expenditures of $3 million annually into the …
NEW YORK CITY — Newmark Group has brokered the sale of a student housing portfolio situated across four states. Located near major public universities in Florida, Texas, Indiana and North Carolina, the portfolio comprises five properties housing 3,693 beds across 1,248 units. A joint venture between Nuveen and The Preiss Co. was the seller. The buyer and sales price were not disclosed, though Newmark states the transaction represents the largest U.S. student housing portfolio sale this year. The undisclosed communities serve students attending the University of Texas at Austin, North Carolina State University, Texas State University, the University of Florida and Indiana University. Each property is situated an average of roughly 0.9 miles within its respective campus. Amenities at the communities include swimming pools, grilling stations, fitness centers, outdoor recreation areas and study rooms. The Preiss Co. recently closed on the recapitalization of the portfolio, which Newmark also arranged. As part of the recapitalization, all five properties will undergo renovations to shared amenity spaces. Planned upgrades include the addition of modern furniture, updated finishes and state-of-the-art fitness equipment. Several properties will also receive unit interior renovations including the addition of modern cabinetry, updated flooring, contemporary fixtures and hardware, new lighting …
HOUSTON — JLL has brokered the sale of Ashford 5, a portfolio of three office buildings totaling 570,045 square feet in West Houston. The eight-story buildings are situated on a 12.2-acre site adjacent to I-10 in the Energy Corridor area. Renovated between 2014 and 2016, the portfolio offers amenities such as a fitness center, tenant lounges and separate parking garages for each building. Marty Hogan, Kevin McConn, Rick Goings, John Ream and Clay Anderson of JLL represented the seller, a court-appointed receiver, in the transaction. The team also assisted the buyer, an entity doing business as LFFP Ashford Portfolio, in the assumption and modification of the seller’s in-place loan. At the time of sale, the portfolio had an occupancy rate of 58 percent and a tenant roster with a weighted average remaining lease term (WALT) of 4.7 years.
SELMA, TEXAS — Houston-based investment firm Triten Real Estate Partners has purchased a 4.5-acre industrial outdoor storage (IOS) facility in Selma, a northeastern suburb of San Antonio. The IOS facility at 16915 Alamo Parkway houses a 6,556-square-foot warehouse and office building with five dock doors. The seller and sales price were not disclosed.
PHOENIX — Phoenix-based Christiansen Ventures LLC has purchased Broadstone Uptown PHX, an apartment community in Phoenix, from Scottsdale, Ariz.-based Alliance Residential Co. for $87 million. Austin Groen, Matt Pesch, Asher Gunter and Sean Cunningham of CBRE represented the seller in the deal. Troy Tegeler and CJ Connolly of CBRE’s Debt & Structured Finance team arranged financing for the buyer. Completed by Alliance Residential in 2024, Broadstone Uptown PHX offers 280 apartments with nine-foot ceilings, quartz countertops in the kitchen and baths, wood-style flooring, full-size washers/dryers, stainless steel kitchen appliances, five-burner gas cooktops and keyless entry. Community amenities include a swimming pool and spa area with private cabanas and a pool house featuring a community kitchen and billiards table; a resident clubhouse with a cafe with lounge seating, a complimentary coffee bar and a leasing office; and a 24-hour fitness center with weight training and cardio machines. Additional amenities include an outdoor ramada with 360-degree mister, ping-pong, fire pits, yard games, barbecue grills, a dog park, electric charging stations and parcel package lockers.
FORT LEE, N.J. — Locally based brokerage firm The Goldstein Group has negotiated the $37 million sale of Washington Bridge Plaza, a 47,000-square-foot retail center located in the Northern New Jersey community of Fort Lee. Walgreens anchors the center. Other tenants include Dollar Tree, Jersey Mike’s, Kung Fu Tea, The Gyro Project, Bon Epi, Fort Lee Vision, Binghamton Bagel & Deli, Belle Journee Bakery, Pho Today, Punta Cana, 101 Chicken and Kura Revolving Sushi. C.J. Huter, Marc Palestina and Lew Finkelstein of The Goldstein Group represented the buyer in the transaction. Baruch Herman of Booth Street Realty represented the seller. Both parties were limited liability companies.
