MIAMI — A joint venture between locally based Torose Equities and Irvine, Calif.-based Sabal Investment Holdings has sold 3480 Main Highway, a 55,000-square-foot office and retail property located in Miami’s Coconut Grove neighborhood. Miami-based Azora Private purchased the property for $61 million, or $1,100 per square foot. The building is fully leased to food-and-beverage concepts Amal and Level 6, which are located on the ground floor and rooftop, as well as three office tenants. In 2025, an affiliate of CGI Merchant Group lost the office building through a UCC auction over $32.5 million in debt, in which Torose Equities and Sabal purchased the loan, according to South Florida Business Journal.
MONROE, N.C. — Northmarq has negotiated the sale of Yardly Monroe, a 151-unit build-to-rent (BTR) community located in Monroe, roughly 30 miles outside Charlotte. Trevor Koskovich, John Currin, Jesse Hudson and Austin Jackson of Northmarq represented the seller, a joint venture between developer Taylor Morrison and equity partner Värde Partners. Faron Thompson and Grant Harris, also with Northmarq, originated $24.8 million in Freddie Mac acquisition financing on behalf of the buyer, FCP. The five-year, interest-only loan features a 35-year amortization schedule. Yardly Monroe, which has been rebranded as the Cottages of Monroe, is situated on nearly 25 acres and features one- and two-bedroom homes ranging in size from 717 to 1,030 square feet, according to Apartments.com. Each home features a private backyard with a pet door, full-sized washer/dryer, stainless steel appliances, high-speed internet, smart thermostat, doorbell camera, 10-foot ceilings, pantry, walk-in closet, vinyl plank flooring and a kitchen island. Community amenities include a swimming pool, dog park and a fitness center.
CONCORD, N.C. — Crescent Communities and AEW Capital Management have sold one of three rear-load industrial buildings within AXIAL Bonds Farm, a newly constructed, 810,000-square-foot industrial campus located in Concord, a northeast suburb of Charlotte. Brian Crutcher and Anne Johnson of CBRE represented the sellers in the transaction. Thomas Hipp of Whiteside Properties represented the buyer, National Kitchen & Bath Cabinetry Inc., which will fully occupy the building. The sales price was not disclosed. The project team for AXIAL Bonds Farm included Merriman Schmitt Architects (architect), Oak Engineering (civil engineer), Landmark Builders (general contractor), AEW Capital Management (equity), Canadian Imperial Bank of Commerce (lender) and CBRE (leasing). AXIAL Bonds Farm spans 70 acres and contains three buildings that measure 414,000, 247,000 and 148,720 square feet. The campus also includes 36-foot clear heights, rear-load configuration, 1,099 car parking spaces and 199 trailer parking spaces.
GILFORD, N.H. — Marcus & Millichap has brokered the sale of Winnipesaukee Self Storage, a 512-unit self-storage facility in Gilford, a northern suburb of Concord. The facility currently spans 39,917 net rentable square feet of entirely climate-controlled space, and permits are in place for an expansion that is planned to more than double the net rentable square footage. Nathan Coe, Gabriel Coe and Brett Hatcher of Marcus & Millichap represented the seller, an undisclosed regional developer, in the transaction. U-Haul purchased the facility. Thomas Shihadeh of Marcus & Millichap assisted in closing the deal as the broker of record.
RIVERSIDE COUNTY, CALIF. — The County of Riverside has acquired two fully leased medical office buildings in Riverside County for a combined total of $53 million. The asset, located at 8876 Mission Blvd. in Jurupa Valley, Calif., sold for $25 million, and the property at 2813 S. Main St. in Corona sold for $28 million. Jurupa Valley Community Health Center is a single-story, 40,000-square-foot medical outpatient building built in 2019. The property is fully leased to the County of Riverside, dba Riverside University Health System (RUHS), under a long-term lease. RUHS also fully occupies the two-story, 45,204-square-foot Corona Community Health Center, which was built in 2018. Travis Lee, Gino Lollio and Tyler Morss of Cushman & Wakefield’s Healthcare Capital Markets team represented the undisclosed seller in the transactions.
NORTH TUSTIN, CALIF. — Broadview Real Estate Partners has completed the sale of Clearwater at North Tustin, a seniors housing property in North Tustin, to Health Wave Partners for an undisclosed price. Aaron Rosenzweig and Dan Baker of JLL’s Seniors Housing Capital Markets team represented the seller and procured the buyer in the transaction. JLL’s Debt Advisory team arranged acquisition financing on behalf of the buyer through a large national bank. Built in 2001, Clearwater at North Tustin consists of two acuity-specific, single-story buildings offering assisted living and memory care. Onsite amenities include restaurant-style dining, an outdoor amphitheater, music garden, salon and spa, an art studio, a wellness center, dog park and four distinct resident courtyards. The community is situated on 6.6 acres at 11901 Newport Ave.
PALATINE, ILL. — ARTISAN Capital Group (ACG) has acquired Arrowhead Apartments, a 200-unit, garden-style apartment community in Palatine, a northwest suburb of Chicago. ACG partnered with Eastham Capital on the transaction, marking the firms’ fifth acquisition together. The investment marks ACG’s second acquisition in the Chicago market. Arrowhead Apartments consists of nine two- and three-story buildings with 102 one-bedroom units, 78 two-bedroom units and 20 three-bedroom residences. Amenities include a clubhouse, fitness center and dog park. ACG plans to increase value through operational efficiencies and professional investment oversight. ARTISAN Management Group, ACG’s management vertical, will oversee operations. ACG secured financing through HUD. Scott Harris of Marcus & Millichap represented the seller, a joint venture with Hispanic Housing Development Corp. as the managing partner, and procured the buyer. Forty of the units have a Housing Assistance Payments contract that runs through 2039, according to Harris.
BRUNSWICK, OHIO — Commonwealth Capital LLC has acquired a net leased industrial facility in Brunswick, about 20 miles southwest of Cleveland. A subsidiary of a confidential, publicly traded company occupies the property. Located at 940 Industrial Parkway North, the build-to-suit facility was constructed in 2024 to serve as an integrated operational hub that combines showroom, office and warehouse space. The tenant provides products and installation to residential and commercial builders as well as the general public in northeast Ohio and western Pennsylvania.
ENNIS, TEXAS — Marcus & Millichap has brokered the sale of The Willows, an 84-unit apartment building in Ennis, about 40 miles south of Dallas. The Willows was built on a 3.8-acre site in 1985 and offers studio, one- and two-bedroom units. Matt Aslan and Bard Hoover of Marcus & Millichap represented the seller in the transaction. The duo also collaborated with Marcus & Millichap’s Nick Fluellen to procure the buyer. Both parties requested anonymity.
LIMERICK, PA. — Pennsylvania-based private equity firm PPR Capital Management has purchased Botanica Cottages, a 199-unit apartment complex in Limerick, a northwestern suburb of Philadelphia. Built in 1999, Botanica Cottages offers one-, two- and three-bedroom units that are equipped with private entrances and attached garages. Amenities include a pool, spa, clubhouse and a fitness center. PPR acquired the property in partnership with Bel Canto Asset Growth Fund. The seller and sales price were not disclosed. The new ownership plans to implement a value-add program.