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One-Sunset-Brooklyn
DevelopmentMultifamilyNew YorkNortheast

Partnership Begins Leasing 187-Unit Multifamily Project in Brooklyn

by Taylor Williams

NEW YORK CITY — A partnership between Ailanthus, BEB Capital and SK Development has begun leasing One Sunset, a 187-unit multifamily project in Brooklyn’s Sunset Park neighborhood. Designed by dencityworks | architecture with interiors by Alchemy Studio, the 14-story building offers one-, two- and three-bedroom floor plans, with 46 units reserved as affordable housing. Amenities include a fitness center, game/media room, coworking lounge, private dining/entertainment areas and a rooftop terrace. Corcoran New Development is leading the residential leasing efforts. Rents start at roughly $3,200 per month for a one-bedroom apartment.

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DevelopmentHospitalityNew YorkNortheast

Emerson Hospitality Underway on Hotel Redevelopment Project in Esopus, New York

by Taylor Williams

ESOPUS, N.Y. — Emerson Hospitality is underway on a hotel redevelopment project in Esopus, located roughly midway between New York City and Albany. The project will convert Black Creek Barns, a historic 153-acre estate, into a 70-room hotel and resort via the restoration of six historic structures and construction of new cabins and suites. Amenities will include a 7,000-square-foot indoor event hall, a 9,000-square-foot craft and design hall, a pool, wellness center and two dining venues. Institutional Property Advisors, a division of Marcus & Millichap, arranged $38 million in construction financing, including $19 million in C-PACE debt, for the project, which is slated for a late-2027 completion.

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AcquisitionsNew YorkNortheastOfficeRetail

Newmark Brokers Sale of 32,400 SF Office, Retail Building in Manhattan’s SoHo District

by Taylor Williams

NEW YORK CITY — Newmark has brokered the sale of a 32,400-square-foot office and retail building in Manhattan’s SoHo district. The landmark five-story building at 61–63 Crosby St. was fully leased at the time of sale to office users such as Comcast Ventures, Aptos Labs and SISTER Group. Patagonia’s New York City flagship store anchors the building’s retail component. The buyer was local investment firm Vertex, and the seller was undisclosed. Adam Spies, Adam Doneger, Josh King, Marcella Fasulo and Meaghan Philbin of Newmark brokered the deal.  

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Leasing ActivityLife SciencesMassachusettsNortheast

Convatec Signs 24,572 SF Life Sciences Lease Expansion, Extension in Lexington, Massachusetts

by Taylor Williams

LEXINGTON, MASS. — Convatec has signed a life sciences lease expansion and extension in Lexington, located northwest of Boston. The medical products and technology company now occupies 24,572 square feet on the second floor of 20 Maguire Road, a 101,310-square-foot converted building. Alex Plaisted and Don Domoretsky of CBRE represented the landlord, a partnership between Investcorp and Griffith Properties, in the lease negotiations.

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Roy-Vue-Apts-Seattle-WA
AcquisitionsMultifamilyWashingtonWestern

Cushman & Wakefield Brokers $11.5M Sale of Roy Vue Apartments in Seattle

by Amy Works

SEATTLE — Cushman & Wakefield has facilitated the disposition of Roy Vue Apartments, a historic 34-unit multifamily property in Seattle’s Capitol Hill neighborhood. The asset traded for $11.5 million. Dylan Roeter, Tim McKay, Dan Chhan, Matt Kemper, Jacob Odegard and Byron Rosen of Cushman & Wakefield represented the undisclosed seller in the transaction. Totaling 34,059 net rentable square feet, Roy Vue Apartments features 30 one-bedroom/one-bath units and four two-bedroom/one-bath units, with an average unit size of more than 1,000 square feet and nine-foot ceilings. Community amenities include private landscaped courtyards, 19 individual garages and updated building systems. The property is located at 615 Bellevue Ave. E.

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AcquisitionsArizonaOfficeWestern

CBRE Arranges $11.2M Sale of Arizona Veterinary Specialty Center in Gilbert

by Amy Works

GILBERT, ARIZ. — CBRE has arranged the acquisition of Arizona Veterinary Specialty Center, a veterinary speciality and emergency care facility in Gilbert. Futurepath Development Services acquired the asset for $11.2 million. Located at 86 W. Juniper Ave., the property offers 28,805 square feet of space. The asset is 68 percent occupied by Arizona Veterinary Emergency & Critical Care Center, a National Veterinary Associates and Ethos Veterinary Health company, and Thrive Pet Healthcare. Nick Whitstone and Miles DeLong of CBRE represented the buyer in the deal.

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Copper-Creek-Apts-Tucson-AZ
AcquisitionsArizonaMultifamilyWestern

Marcus & Millichap Negotiates $11.1M Sale of Copper Creek Apartments in Tucson

by Amy Works

TUCSON, ARIZ. — Marcus & Millichap has negotiated the sale of Copper Creek, a 99-unit multifamily property in Tucson. A limited liability company sold the asset to a limited liability company for $11.1 million, or $111,869 per unit. Clint Wadlund and Hamid Panahi of Marcus & Millichap represented the seller and procured the buyer in the deal. Built in 1973, Copper Creek offers 99 one-, two- and three-bedroom apartments in traditional and townhome-style options. Units feature fully equipped kitchens with frost-free refrigerators, stoves and dishwashers; ample closet space; windows with sunscreens; wood-style vinyl plank flooring in living areas; ceramic tile in wet areas; and carpet in bedrooms. Select units include a yard, washers/dryers and/or washer/dryer connections. Community amenities include a swimming pool, fully equipped fitness center, basketball courts, clubhouse with a Wi-Fi business center, playground, barbecue areas and laundry facilities.

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DevelopmentHospitalityMidwestOhio

PENN Entertainment to Open New 203-Room Hotel at Hollywood Casino Columbus on June 12

by Kristin Harlow

COLUMBUS, OHIO — PENN Entertainment Inc. (NASDAQ: PENN) is set to open the new hotel tower at Hollywood Casino Columbus on Friday, June 12, pending customary regulatory approvals. The 203-room, 150,000-square-foot hotel will feature 183 standard rooms and 20 luxury suites, a full-service restaurant named The Hill Eatery & Lounge, conference rooms, a fitness center and outdoor seating terrace. Guests will be able to book rooms beginning April 15. The hotel will add roughly 100 new jobs to the west side of Columbus. Grand opening celebrations will take place on June 12, highlighted by an outdoor festival and concert. In addition to the hotel, Hollywood Casino Columbus will also introduce an expanded high limit table games room in the second half of 2026, pending customary regulatory approvals. Operated by PENN Entertainment, Hollywood Casino Columbus is located off I-270 West. The 160,000-square-footgaming facility features slot machines, table games, a retail sportsbook and the largest poker room in Ohio, according to PENN. Dining options include The Lounge at Final Cut Steak & Seafood, The Sportsbook, Mikey’s Late-Night Slice, Dirty Frank’s Hot Dog Palace, Zen Noodle and Wahlburgers. The property also offers more than 16,000 square feet of multi-purpose banquet and event space.

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AcquisitionsIndianaMidwestRetail

Cushman & Wakefield Negotiates Sale of 204,810 SF Stony Creek Marketplace Near Indianapolis

by Kristin Harlow

NOBLESVILLE, IND. — Cushman & Wakefield has negotiated the sale of Stony Creek Marketplace, a 204,810-square-foot regional shopping center in Noblesville, a northern suburb of Indianapolis. Anchor tenants include Best Buy, TJ Maxx and HomeGoods. Other retailers include Barnes & Noble, Five Below, PetSmart, Ross Dress for Less and Shoe Carnival. Built in 2003, the asset was fully leased at the time of sale. Evan Halkias, David Matheis and Bill French of Cushman & Wakefield represented the seller, Rainier Cos. A private investor was the buyer.

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