Property Type

Cushman & Wakefield Arranges $81M Loan for Refinancing of Jersey City Apartment Building

by Taylor Williams July 14, 2025

JERSEY CITY, N.J. — Cushman & Wakefield has arranged an $81 million loan for the refinancing of One Grove, a 200-unit apartment building in Jersey City. Designed by MHS Architecture and completed in 2024, One Grove offers studio, one-, two- and three-bedroom units and amenities such as a landscaped rooftop terrace, fitness center, coworking space, resident lounge and a demonstration kitchen. The property also offers fully furnished, short-term rental apartments. Brad Domenico, Frank Stanislaski, Jack Subers, Niko Nicolaou and Ryan Dowd of Cushman & Wakefield arranged the loan through Societe Generale Group on behalf of the borrower, TKK Capital.

July 14, 2025

Acquisitions Connecticut Multifamily Northeast

CBRE Brokers $20.7M Sale of Putnam Green Apartments in Greenwich, Connecticut

by Taylor Williams July 14, 2025

GREENWICH, CONN. — CBRE has brokered the $20.7 million sale of Putnam Green, a 66-unit apartment complex located in the southern coastal Connecticut community of Greenwich that was built in 1976. According to Apartments.com, the property offers one- and two-bedroom units. The sale represents a fee interest in the land, which was ground-leased to the neighboring property. CBRE negotiated a termination with the ground leaseholder contemporaneously with the closing of the sale of the fee interest in the land. Jeffrey Dunne, Eric Apfel and Travis Langer of CBRE brokered the deal(s). The seller was PIC Associates, and the buyer was Bedford Realty Associates.

July 14, 2025

Healthcare Leasing Activity Northeast Pennsylvania

Cardiology Consultants of Philadelphia to Open 13,100 SF Ambulatory Surgery Center in Wayne

by Taylor Williams July 14, 2025

WAYNE, PA. — Cardiology Consultants of Philadelphia will open a 13,100-square-foot ambulatory surgery center in Wayne, located northwest of the city. The company will build out and operate the facility in partnership with Cardiovascular Logistics, SCA Health and Penn Medicine. Paul Rogers and Charlie Rogers of Colliers represented the cardiology group in its site selection and lease negotiations. The opening is slated for the end of the year.

July 14, 2025

California Development Multifamily Seniors Housing Western

Shopoff Realty Receives Approval from Fountain Valley, California for 18-Acre Residential Project

by Amy Works July 14, 2025

FOUNTAIN VALLEY, CALIF. — Shopoff Realty Investments has received unanimous approval from the Fountain Valley Planning Commission for Euclid + Heil, an 18-acre residential housing project in Fountain Valley. In partnership with Lennar and National CORE, Euclid + Heil will feature 304 market-rate apartments units, 83 affordable seniors housing units, 36 two-story, for-sale triplexes and 183 three-story, for-sale townhomes. Planned community amenities include pools, parks, game areas, grilling stations, play areas and more designed to foster a vibrant and inclusive neighborhood. After acquiring the site in 2021, Shopoff began working closely with the City of Fountain Valley and its residents to plan and integrate new housing into the community. Shopoff submitted the project entitlement package in January 2024, and the firm has now secured all necessary approvals to proceed to the next phase of development. Shopoff and Lennar plan to begin grading the site later this year. The market-rate apartments and senior affordable housing components are slated for completion by summer 2028, while the for-sale homes will be delivered in phases, with the first phase opening in summer 2028 and the final phases extending into spring 2029.

July 14, 2025

Acquisitions Multifamily Nevada Western

Joint Venture Acquires Two Multifamily Communities in Metro Reno Area

by Amy Works July 14, 2025

RENO AND SPARKS, NEV. — A joint venture between HZ Capital Partners Fund I and New York Life Real Estate Partners has sponsored the purchase of two multifamily properties in Nevada — Lakeview and Sand Pebble/Spanish Oaks. Mission Rock Residential, an affiliate of Hamilton Zanze, has assumed management of the properties, which are located within seven miles from one another. Terms of the transactions were not released. HZ Capital Partners Fund I is San Francisco-based Hamilton Zanze’s discretionary fund that targets the purchase of multifamily properties. Theses transactions represent Hamilton Zane’s third and fourth sponsored acquisitions of 2025. Located at 2600 E. Shore Drive in Reno, Lakeview features 328 studio, one-, two- and three-bedroom apartments overlooking Virginia Lake. Units include air conditioning, high-speed internet and private patios or balconies. Community amenities include a swimming pool, barbecue and picnic areas, a basketball court, onsite gym, laundry facilities and a playground. Located at 1877 El Rancho Drive in Sparks, Sand Pebble/Spanish Oaks features 448 one-, two- and three-bedroom apartments with air conditioning, high-speed internet, washer/dryer hookups, fireplaces, walk-in closets and private patios or balconies. Built in 1983, the community offers a resident clubhouse, swimming pool, sauna spa, laundry facilities, basketball and tennis courts, onsite …

July 14, 2025

California Loans Office Western

Luzzatto Co. Receives $32.4M C-PACE Financing for Depot & Atlas Office Campus in Los Angeles

by Amy Works July 14, 2025

LOS ANGELES — The Luzzatto Co. has received $32.4 million in C-PACE financing through Nuveen Green Capital for Depot & Atlas, a creative office campus in Los Angeles’ West Adams submarket. Jeff Sause and Lauren Sackler of JLL Capital Markets Debt Advisory team arranged the financing for the borrower. Located at 3609-3645 10th Ave., Depot & Atlas offers 107,156 square feet of Class A space spread across two buildings, as well as two stories of subterranean parking. After acquiring the site in 2019, The Luzzatto Co. developed the Depot, a 94,726-square-foot creative office building, in late 2023 and redeveloped the neighboring 12,430-square-foot Atlas building. The property was 39 percent leased at the time of financing, with the Los Angeles Department of Mental Health occupying the entire first floor of the building.

July 14, 2025

Acquisitions California Industrial Western

Steel Peak Sells Industrial Outdoor Storage Property in El Cajon, California for $9.5M

by Amy Works July 14, 2025

EL CAJON, CALIF. — Steel Peak has completed the sale of an industrial outdoor storage (IOS) property on 2.5 acres at 1324-1336 Magnolia Ave. in El Cajon. C&M Manufacturing acquired the asset for $9.5 million. The buyer will occupy the 12,000-square-foot property for its operations, including the production and distribution of its products for the oil-and-gas industry. The property includes warehouse and office space and yard space for outdoor storage. The asset offers M-54 zoning, entitlement for outside storage, multiple access points and a level fenced yard. Cameron Czubernat and Kerry Schimpf of Commercial Property Group represented the seller, while Aidan Jones of Inland Pacific represented the buyer in the transaction.

July 14, 2025

District-Green-Valley-Ranch-Las-Vegas-NV

Development Nevada Retail Western

Vestar Completes $3M Renovation of The District at Green Valley Ranch in Las Vegas

by Amy Works July 14, 2025

LAS VEGAS — Vestar has completed the $3 million renovation of The District at Green Valley Ranch, a 385,000-square-foot mixed-use development in Las Vegas. The renovation project included upgraded signage, refurbished pylons and monuments, enhanced lighting with new fixtures, refreshed paint and improved landscaping, as well as remodeled storefronts, parking areas and entryways. Vestar has also secured a partnership with upscale home goods retailer Pottery Barn, a tenant at the center, to bring higher-quality outdoor furniture to the development’s communal spaces. The District is currently 95 percent leased, with five new tenants recently joining the development, including Urth Caffé, Beverly Hills Rejuvenation Center and Bluemercury, and dining options North Italia and Flower Child. Other tenants at the property include lululemon, Aerie, Warby Parker, Anthropologie, Ben & Jerry’s, Chico’s and Lush. Originally constructed by American Nevada Co. in 2005, The District at Green Valley Ranch has been owned by Vestar since 2015.

July 14, 2025

Affordable Housing Development Midwest Multifamily Ohio

Woda Cooper, Franklinton Development Association Open 97-Unit Affordable Housing Project in Columbus

by Kristin Harlow July 14, 2025

COLUMBUS, OHIO — Woda Cooper Cos. Inc. and co-developer Franklinton Development Association (FDA) have opened Starling Yard, a 97-unit affordable housing project in Columbus. The project involved the adaptive reuse of a vacant school built in 1908 along with two new-construction buildings. Starling Yard is situated in the Franklinton neighborhood on the west side of Columbus between Central and Brehl avenues. Originally built as West High School, the building later served as Starling Middle School before it closed in 2013. The property was purchased for the development project through an agreement with the Board of Education of the Columbus City School District. Starling Yard offers one-, two- and three-bedroom units for residents with household incomes of 30 to 80 percent of the area median income. Rental rates range from $401 to $1,295 per month, depending on income restriction and size of unit. There are five units adapted for those with mobility challenges and four units for those with sight and hearing disabilities. The restored school building features 45 units that preserve architectural features such as original tin ceilings, flooring, doors, trim and chalkboards. The new buildings total 52 units and rise three stories. Amenities include a community room, laundry room, …

July 14, 2025

Civic Development Midwest Minnesota

Kraus-Anderson Breaks Ground on $20.4M Fire Station in Victoria, Minnesota

by Kristin Harlow July 14, 2025

VICTORIA, MINN. — Kraus-Anderson has begun construction of a new $20.4 million fire station for the City of Victoria at 8250 Kochia Lane. Designed by CNH Architects, the facility in metro Minneapolis will support staffing changes necessary to meet Victoria’s increased demand for service, according to a news release. The new station will enable firefighters to sleep inside the building and respond directly to calls for service versus responding from home or work, which will reduce overall response times across the community. The two-story, 40,230-square-foot building will feature six apparatus bays, a training tower, mezzanine, decontamination areas, living quarters, a lobby and offices. A large classroom will also function as the city’s emergency operation center. Completion is slated for June 2026.

July 14, 2025

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