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Acquisitions

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AcquisitionsCaliforniaMultifamilyStudent HousingWestern

Raintree Partners Sells Student Housing Portfolio Near UCLA for $62.6M

by Amy Works

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.

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Corner-63-Apts-Seattle-WA
AcquisitionsMultifamilyWashingtonWestern

High Street Residential Divests of Corner 63 Apartments in Seattle for $59.3M

by Amy Works

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.

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AcquisitionsMidwestMinnesotaMultifamily

Colliers Arranges $9M Sale of Multifamily Community in Northeast Minneapolis

by Kristin Harlow

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.  

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AcquisitionsMidwestMinnesotaRetail

Marcus & Millichap Brokers $6.3M Sale of Daycare Facility in Otsego, Minnesota

by Kristin Harlow

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.

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AcquisitionsIllinoisMidwest

Bulley & Andrews Acquires Interior Construction Group in Chicago

by Kristin Harlow

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.

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AcquisitionsHospitalityTexas

Marcus & Millichap Brokers Sale of 153-Room Hotel Near DFW International Airport

by Taylor Williams

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.

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AcquisitionsIndustrialNew JerseyNortheastSelf-Storage

Colliers Negotiates Sale of 865-Unit Self-Storage Facility in Delanco, New Jersey

by Taylor Williams

DELANCO, N.J. — Colliers has negotiated the sale of an 865-unit self-storage facility in Delanco, located outside of Philadelphia in Southern New Jersey. Extra Space Storage operates the facility at 700 Creek Road, which was originally constructed in 1989 and converted to self-storage use in 2021. Today, the facility spans 105,187 net rentable square feet across 766 climate-controlled units and 99 covered and uncovered parking spaces. Tom de Jong, Dylan de Jong and Ian Richman of Colliers represented the seller, Metropolis Development Group, in the transaction and procured the buyer, Merit Hill Capital.

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AcquisitionsMixed-UseNew YorkNortheast

Marcus & Millichap Brokers $7M Sale of Mixed-Use Building in Manhattan’s West Village

by Taylor Williams

NEW YORK CITY — Marcus & Millichap has brokered the $7 million sale of a 3,965-square-foot mixed-use building in Manhattan’s West Village. The building at 304 Bleecker St. consists of four newly renovated, market-rate apartments and a 1,550-square-foot retail space that is leased to Joe & the Juice. John Stewart and Dylan Torey of Marcus & Millichap represented the seller, HUBB NYC, in the transaction and procured the buyer, a private investor.

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450-Forest-Park-Blvd-Oxnard-CA
AcquisitionsCaliforniaLoansMultifamilyWestern

JLL Arranges $55.7M in Acquisition Financing for Multifamily Property in Oxnard, California

by Amy Works

OXNARD, CALIF. — JLL Capital Markets has secured $55.7 million in financing for the acquisition of Tempo at Riverpark in Oxnard. The borrower is Hines U.S. Property Partners, Hines’ flagship commingled U.S. core plus fund. Kevin Mackenzie, Annie Rice, Brandon Smith, Gyasi Edmondson and Alyssa Malley of JLL arranged the five-year loan through a bank for the borrower. Located at 450 Forest Park Blvd., Tempo at Riverpark features 235 apartments with in-unit laundry, stainless steel appliances and private patios or balconies. Community amenities include a 24-hour fitness center, luxury pool and spa, resort-style cabana seating, resident lounge with gas fireplace and private garages for select units. Built in 20216, the property was 95.7 percent occupied as of December 2025.

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AcquisitionsMultifamilyWashingtonWestern

American Capital Group, Clarion Partners Open 316-Unit Enso Apartments in Lynnwood, Washington

by Amy Works

LYNNWOOD, WASH. — American Capital Group (ACG) and Clarion Partners have completed Enso Apartments in Lynnwood. Located at 19630 40th Ave. W., Enso Apartments features 316 studio, one-, two- and three-bedroom floor plans with in-home air conditioning. The property features 3,950 square feet of retail space, a central courtyard, fitness center, yoga studio, game zone, coworking spaces and sky lounges with mountain views.

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