Friday, August 21, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Acquisitions

Scottsdale-Design-District-Scottsdale-AZ
AcquisitionsArizonaOfficeRetailWestern

Cushman & Wakefield Negotiates Sale of 109,652 SF Boutique Showroom in Scottsdale, Arizona

by Amy Works

SCOTTSDALE, ARIZ. — Cushman & Wakefield has arranged the sale of Scottsdale Design District, a boutique showroom located on the corner of East Thomas Road and North 66th Street in Scottsdale. Chris Toci, Chad Littell and Brent Mallonee of Cushman & Wakefield represented the seller. The buyers were introduced to the asset by Brandon Holdings, the sponsor, and IX Advisors LLC, a real estate advisory based in Seattle. Local and nationally recognized interior designers, art dealers and retailers occupy the 109,652-square-foot property. Tenants include John Brooks, Pindler & Pindler, Century, Tower and Kravet.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIllinoisMidwestMultifamily

Marcus & Millichap Arranges $12.7M Sale of Apartment Complex in Algonquin, Illinois

by Kristin Harlow

ALGONQUIN, ILL. — Marcus & Millichap has arranged the sale of Riverside Plaza in Algonquin for $12.7 million. Built in 2014, the property includes 63 apartment units ranging in size from 1,042 to 1,339 square feet, plus six retail units totaling 9,600 square feet. At the time of sale, the apartments were 92 percent occupied and the retail spaces were vacant. Amenities include a clubroom, event room, fitness center, barbecue area and private plaza. Eric Bell, Frank Roti and Brett Rodgers of Marcus & Millichap marketed the property on behalf of the seller, a financial institution that acquired the property through foreclosure. Bell also secured and represented the buyer, a limited liability company.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsGeorgiaRetailSoutheast

Site Centers Sells 266,247 SF Shopping Center in Metro Atlanta

by Alex Tostado

DOUGLASVILLE, GA. — Site Centers Corp. has sold Douglasville Pavilion, a 266,247-square-foot shopping center in Douglasville. The Ainbinder Co. bought the property, which is located about 20 miles west of downtown Atlanta. The property’s anchors include Marshalls, Ross Dress for Less, Michaels, PetSmart, Big Lots and Office Max. Target is a shadow anchor. The center was 97 percent leased at the time of the sale. The sales price was not disclosed. CBRE represented Beachwood, Ohio-based Site Centers in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMultifamilyNorth CarolinaSoutheast

PAC Acquires 200-Unit Multifamily Community in Charlotte

by Alex Tostado

CHARLOTTE, N.C. — Preferred Apartment Communities Inc. (PAC) has acquired CityPark View South, a 200-unit multifamily community in Charlotte. Amenities include a saltwater pool, complimentary bike rentals for residents, grilling areas, 24-hour package locker system and a fitness club. PAC had the opportunity to purchase the community, which opened in 2017, through an investment loan made over two years ago, according to PAC. The sales price and seller were undisclosed. PAC financed the acquisition using a $24.1 million loan from Prudential Affordable Mortgage Co.

Continue Reading
FacebookTwitterLinkedinEmail
Rush-Creek-Apartments-Dallas
AcquisitionsMultifamilyTexas

Maravilla Acquires 310-Unit Apartment Community in Dallas

by Taylor Williams

DALLAS — Maravilla Apartments LP has acquired Rush Creek Apartments, a 310-unit multifamily community in Dallas. Built in 1966, the property features one- and two-bedroom units and amenities such as a pool, playground and onsite laundry facilities. Dougherty Mortgage arranged an undisclosed amount of acquisition financing for the purchase through a partnership with Old Capital Lending on behalf of Maravilla. The loan carried a 12-year term and 30-year amortization schedule.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsNew YorkNortheastRetail

Cushman & Wakefield Negotiates $3M Sale of Retail Property in Queens

by David Cohen

NEW YORK CITY — Cushman & Wakefield has arranged the $3 million sale of a 5,736-square-foot retail strip in the Far Rockaway neighborhood of Queens. Located at 1326-1342 Beach Channel Drive, the seven-unit property includes approximately 115 feet of frontage on Beach Channel Drive. The tenant roster includes a Little Caesars pizzeria, a restaurant, deli and grocery store, hair salons and a barbershop. Stephen Preuss of Cushman & Wakefield represented the seller, Beach Channel 12 LLC / 1326 Beach Channel Realty Corp., in the transaction. The buyer was Deer Grow Developments.  

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsHealthcareNew YorkNortheast

NAI Long Island Brokers $1.6M Sale of Medical Office Building in Sayville, New York

by David Cohen

SAYVILLE, N.Y. — NAI Long Island has brokered the $1.6 million sale of a 7,300-square-foot medical office building in Sayville. Located at 160 Middle Road, the property is occupied by the Long Island Family Medical Group. Gary Pezza of NAI Long Island represented the seller, John Zimmerly, in the transaction. The buyer was 1449 Holdings LLC.

Continue Reading
FacebookTwitterLinkedinEmail
Reedhouse-Boise-Idaho
AcquisitionsIdahoMultifamilyWestern

Kennedy Wilson Acquires 188-Unit Cottonwoods Apartments in Boise for $24M

by Amy Works

BOISE, IDAHO — Kennedy Wilson has acquired Cottonwoods Apartments, a multifamily community in Boise, for $24 million. The company invested approximately $11 million of equity, including closing costs, and secured a $14 million loan from Freddie Mac at a fixed rate of 4.33 percent for 10 years. A private seller sold the property in an off-market transaction. Kennedy Wilson plans to immediately initiate a large-scale renovation and rebranding of the 188-unit property. The company plans to invest more than $6 million to upgrade the unit interiors, improve the clubhouse, fitness center and pool, and address deferred maintenance projects. Upon completion the apartment community, which was built in 1986, will be renamed Reedhouse. This transaction is Kennedy Wilson’s fifth significant purchase in the Boise market since the company started investing in the region in 2014. Kennedy Wilson’s other assets include Whitewater Park, Edgewater, River Pointe and Rosewood Apartments.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsCaliforniaMultifamilyWestern

Marcus & Millichap Negotiates $8M Sale of 100-Unit Park View Apartments in Victorville, California

by Amy Works

VICTORVILLE, CALIF. — Marcus & Millichap has negotiated the sale of Park View Apartments, a multifamily property located at 16366 Pebble Beach Drive in Victorville. A limited liability company acquired the property for $8 million. Chuck Shillington of Marcus & Millichap’s Ontario, Calif., represented the seller, another limited liability company, while Bruce Rajaee, also of Marcus & Millichap’s Ontario office, represented the seller in the deal. Park View Apartments has 100 units in a mix of 50 two-bedroom/two-bath units, 25 two-bedroom/one-bath units and 25 one-bedroom/one-bath units. On-site amenities include covered and open parking, drought resistant landscaped garden areas, laundry facilities and a swimming pool.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts