Acquisitions

Mesa West Capital Provides $69.8M Acquisition Loan for Charlotte Apartment Community

by John Nelson November 5, 2025

CHARLOTTE, N.C. — Mesa West Capital has provided a $69.8 million acquisition loan for Loft One35, a 298-unit multifamily community located at 135 W. Morehead St. in Charlotte’s South End neighborhood. The borrower, a joint venture between Hillridge Capital and Broad Creek Capital, will use a portion of the loan proceeds to fund capital improvements, including exterior paint, upgraded common spaces and interior renovations for select units. Chris Campbell, Matt Brody, Daniel Allman and Catherine Reinecker of Eastdil Secured arranged the five-year, floating-rate loan on behalf of the borrower. Loft One35 features studio, one- and two-bedroom apartments, as well as two-story townhomes and lofts. Amenities include a resort-style pool, outdoor courtyard with fire pit and barbecue stations, pet spa, coffee bar and bike storage.

November 5, 2025

Acquisitions Florida Industrial Southeast

Cushman & Wakefield Brokers $57M Sale of Distribution Center in Orlando

by John Nelson November 5, 2025

ORLANDO, FLA. — Cushman & Wakefield has brokered the $57 million sale of a 713,585-square-foot industrial facility located at 8201 Chancellor Drive in Orlando. The property was fully leased at the time of sale to CVS Health Corp. Mike Davis, Rick Colon, Rick Brugge and Dominic Montazemi of Cushman & Wakefield represented the seller, Tratt Properties, in the transaction. The buyer was Aventura, Fla.-based MG3 Group. Located in Orlando Central Park, the property features tilt-wall construction, clear heights ranging from 28 to 40 feet, 429 trailer parking spaces and 97 dock-high loading doors.

November 5, 2025

Acquisitions Louisiana Office Southeast

Investment Group Purchases 77,760 SF Office Park in Metro New Orleans, Plans $1M Overhaul

by John Nelson November 5, 2025

JEFFERSON, LA. — Robertson St. Ventures LLC, a group of local real estate investors led by Richard Juge of REMAX Commercial Brokers, has acquired Elmwood Oaks Office Park, a four-building, 77,760-square-foot office campus located at 201 Evans Road in Jefferson, roughly eight miles west of New Orleans in Jefferson Parish. The seller and sales price were not disclosed. Robertson St. Ventures plans to invest over $1 million in renovations to modernize the 6.6-acre complex, which features surface parking and a courtyard with 300-year-old oak trees. Planned improvements include new flooring, paint, ceilings, lighting, energy-efficiency upgrades, enhanced landscaping and modernized tenant amenities such as renovated common kitchens and restrooms, as well as new outdoor amenities. One of the buildings at Elmwood Oaks is currently vacant, according to Robertson St. Ventures.

November 5, 2025

Acquisitions Nevada Office Western

LaPour, G2 Capital Sell Narrative Office Building in Las Vegas for $48M

by Amy Works November 5, 2025

LAS VEGAS — LaPour and G2 Capital Development, as owners and developers, have completed the disposition of Narrative, an office building located along the 215 Beltway in Las Vegas. A private family investment office acquired the asset for $48 million, or $480 per square foot, in an off-market transaction. Colliers and Agilysys are anchor tenants at the 100,000-square-foot building, which was 95 percent leased at the time of sale.

November 5, 2025

Acquisitions California Multifamily Western

Marcus & Millichap Brokers Sale of 160-Unit Atrium Garden Multifamily Property in San Jose

by Amy Works November 5, 2025

SAN JOSE, CALIF. — Marcus & Millichap has arranged the sale of Atrium Garden, an apartment property in San Jose. The property traded for $18.5 million, or $115,531 per unit. The names of the seller and buyer were not released. Mitchell Zurich, Kirk Trammell and Joshua Johnson of Marcus & Millichap represented the seller and procured the buyer in the deal. Constructed in 2000, the four-story Atrium Garden features 159 studios and a one-bedroom manager’s apartment. Studios are furnished with a bed, bedside table and lamp, lounge chair, built-in desk and chair, TV, microwave, mini-fridge and a stove or hotplate. Community amenities include a leasing office, fitness center, media rooms, resident lounges, community kitchens, laundry facilities and an outdoor barbecue and lounge area.

November 5, 2025

Acquisitions California Lee & Associates Office Western

Lee & Associates Negotiates Sale of 62,241 SF Office Building in Los Angeles

by Amy Works November 5, 2025

LOS ANGELES — Lee & Associates LA North/Ventura has arranged the acquisition of a three-story office building located at 5550 Topanga Canyon Blvd. in the Warner Center/Woodland Hills submarket of Los Angeles. S&G Properties Management LLC acquired the property from an undisclosed seller for $10.1 million. S&G Property Management plans to occupy a portion of the 62,241-square-foot building for its company, Citiguard, a security guard company in California. Additionally, the new owner will invest capital into the building to renovate the interior and exterior, as well as create onsite amenities to attract tenants. Darren Casamassima, Scott Romick and Jay Rubin of Lee & Associates LA North/Ventura represented the buyer. The team will also oversee leasing of the property moving forward.

November 5, 2025

Acquisitions California Multifamily Western

Newmark Arranges Sale of 126-Unit Rivergate Apartments in Sacramento

by Amy Works November 5, 2025

SACRAMENTO, CALIF. — Newmark has arranged the sale of Rivergate Apartments, a 126-unit property at 900 Simon Terrace in West Sacramento. Will Blucher and Wills Vlasek of Newmark represented the seller, McCarty Sacramento Property LLC, in the disposition to a private buyer, IMG II, LLC. The acquisition price was not released. Rivergate is approximately three miles from Sacramento’s central business district and offers 72 one- and 54 two-bedroom floor plans across 10 two-story buildings on a 3.6-acre parcel. Amenities include a gated pool, standalone leasing office, common area laundry facilities and interior courtyards.

November 5, 2025

Acquisitions Illinois Midwest Multifamily

Kiser Group Brokers Two Multifamily Sales Totaling $31.5M in Chicago

by Kristin Harlow November 5, 2025

CHICAGO — Kiser Group has brokered two multifamily sales in Chicago for a total of $31.5 million. The first transaction, brokered by Lee Kiser, Aaron Sklar and Noah Birk, involved a portfolio of three multifamily properties in Hyde Park: Campus Court Apartments (58 units), The Victorian (64 units) and Woodlawn House (85 units). At closing, the portfolio was more than 95 percent occupied. The second transaction, brokered by Lee Kiser, Andy Friedman and Jake Parker, was the sale of The Annabelle, a property in the Lakeview neighborhood with an occupancy of 93.6 percent. The asset sold for $7.8 million. The value-add property is located within walking distance of Wrigley Field.

November 5, 2025

Acquisitions Industrial Texas

Matthews Acquires 2 MSF Distribution Center Near Downtown Dallas

by Taylor Williams November 4, 2025

DALLAS — Global development and investment firm Matthews has acquired a 2 million-square-foot distribution center located just south of downtown Dallas. The site at 1600 Roe St. spans 38.5 acres, and the facility formerly housed the distribution operations of Sears Roebuck and was later rebranded as Cedars Commerce Center. Most recently, LBA Logistics occupied the property. David Davidson Jr. and Jake Milner of Davidson Bogel Real Estate brokered the sale. The seller and sales price were not disclosed. Matthews did not disclose future plans for the property.

November 4, 2025

Acquisitions Multifamily Texas

IPA Negotiates Sale of 354-Unit Apartment Community in Cedar Hill, Texas

by Taylor Williams November 4, 2025

CEDAR HILL, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of Midtown Cedar Hill, a 354-unit apartment community located on the southern outskirts of Dallas. Built on 13 acres in 2015, Midtown Cedar Hill is a three-story, garden-style building that offers one- and two-bedroom units with an average size of 894 square feet. Amenities include a pool, business center and picnic areas with barbecue grills. Joey Tumminello, Drew Kile, Michael Ware, Taylor Hill and Cameron Purse of IPA represented the seller and procured the buyer in the transaction. Both parties requested anonymity. Brian Eisendrath, Cameron Chalfant and Harry Krieger of IPA Capital Markets arranged acquisition financing for the deal.

November 4, 2025

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