Property Type

The-Parker-East-East-Rutherford-New-Jersey

Vango Development Breaks Ground on 86-Unit Multifamily Project in East Rutherford, New Jersey

by Taylor Williams May 22, 2025

EAST RUTHERFORD, N.J. — Vango Development has broken ground on The Parker East, an 86-unit multifamily project located outside of New York City in East Rutherford. The Parker East will offer one- and two-bedroom units that will be furnished with stainless steel appliances, quartz countertops and individual washers and dryers. Amenities will include a fitness center, lounge and clubroom, breakout work areas, a dog spa, rooftop terrace and a central courtyard. MHS Architecture designed the project, and Coli Construction is the general contractor. ConnectOneBank provided a $25 million loan for the construction of The Parker East, which is expected to be complete next summer.

May 22, 2025

Affordable Housing California Development Multifamily Western

EAH Housing to Convert Assisted Living Facility into Affordable Housing Units in Glendale, California

by Amy Works May 22, 2025

GLENDALE, CALIF. — EAH Housing, in collaboration with Egan | Simon Architecture and ICON National, will convert Parkview Glendale, an assisted living facility in Glendale, into an affordable housing property. Originally built in 1973, the former assisted living facility will be adapted to feature 20 studio apartments ranging from 350 square feet to 360 square feet, 47 one-bedroom apartments ranging from 400 square feet to 475 square feet, and a 750-square-foot manager unit. All units will feature energy-efficient appliances, central heat and air and window coverings. Designed to serve older adults earning 30 percent to 60 percent of the area median income, the 43,000-square-foot community will offer a community room, community garden, spacious courtyards, a resident lounge, elevator, onsite laundry, management offices and ample parking. EAH Housing will also provide an onsite resident services coordinator and collaborate with local organizations to offer specialized programs to enhance residents’ well-being.

May 22, 2025

Development Multifamily New York Northeast

Alchemy-ABR Investment Partners Tops Out 45-Unit Apartment Building in Manhattan

by Taylor Williams May 22, 2025

NEW YORK CITY — Alchemy-ABR Investment Partners has topped out a 45-unit apartment building at 288 E. 88th St. on Manhattan’s Upper East Side. Designed by Hill West Architects, the 24-story, 350-foot building will ultimately house 45 residences and offer amenities such as a fitness center, a multipurpose sports court, children’s playroom, media/gaming room, coworking space and a rooftop terrace. Leeding Builders Group is serving as the general contractor for the project, which is expected to open to residents next year.

May 22, 2025

Acquisitions Arizona Industrial Western

Longpoint Partners Buys 222,398 SF Industrial Building in Phoenix’s Southeast Valley

by Amy Works May 22, 2025

TOLLESON, ARIZ. — Boston-based Longpoint Partners has purchased a 222,398-square-foot Class A industrial property in Tolleson from an undisclosed seller for $36 million. Located at 130 S. 83rd Ave., the 222,398-square-foot single-tenant building is fully leased to Exel Inc. (dba DHL Supply Chain). DHL’s client is Bose Corp., a leader in the audio industry. Bose Corp. had previously leased the property for 25 years (since 1999) before recently assigning the lease to DHL in summer 2024. The asset features 30-foot clearance, abundant dock- and grade-level doors, an advanced ESFR sprinkler system and a high-capacity power supply. Additionally, the property offers close proximity to Interstate 10, Loop 202 and Loop 101. Will Strong, Molly Hunt, Michael Matchett, Jack Stamets and Madeline Warren of Cushman & Wakefield’s National Industrial Advisory Group — Mountain West represented the seller in the deal.

May 22, 2025

Acquisitions California Industrial Western

Pacific Coast Commercial Negotiates $11.5M Sale of Industrial Building in Santee, California

by Amy Works May 22, 2025

SANTEE, CALIF. — Pacific Coast Commercial has arranged the acquisition of a 4.7-acre industrial property located at 8520-8575 Roland Acres Road in Santee. Bailey Roland Acres LP, a local investor, acquired the asset for $11.5 million in an all-cash transaction. The property features five metal warehouse buildings totaling approximately 50,668 square feet, along with large, fenced yards and two overhead cranes. The two-parcel site is fully leased to five tenants. Nick Mane, Ken Robak and Jasmine Golia of Pacific Coast Commercial represented the buyer, while Colliers represented the seller, Mary Jude LLC, in the deal.

May 22, 2025

California Loans Retail Western

PSRS Arranges $8M Refinancing for Retail Property in Westminster, California

by Amy Works May 22, 2025

WESTMINSTER, CALIF. — PSRS has arranged the $8 million refinance of a retail property in Westminster. The 58,834-square-foot asset is situated in the city’s Little Saigon district. Rob Joseph and Ari Zeen of PSRS secured the 25-year loan, which features a 25-year amortization and a 35 percent loan-to-value ratio, through one of PSRS’ correspondent life insurance companies.

May 22, 2025

Acquisitions Colorado Multifamily Western

Pinnacle Brokers $3.4M Sale of Value-Add Apartment Property in Boulder, Colorado

by Amy Works May 22, 2025

BOULDER, COLO. — Pinnacle Real Estate Advisors has brokered the sale of 1937 Goss Street, a value-add multifamily property in Boulder. The asset traded for $3.4 million, or $309,091 per unit. The 11-unit building is located in close proximity to the University of Colorado Boulder. Luke Salazar, Robert Lawson and Jim Knowlton of Pinnacle represented the buyer and seller in the deal.

May 22, 2025

Acquisitions Healthcare New Jersey Northeast

Marcus & Millichap Brokers $2.5M Sale of Medical Office Building in Swedesboro, New Jersey

by Taylor Williams May 22, 2025

SWEDESBORO, N.J. — Marcus & Millichap has brokered the $2.5 million sale of a 10,193-square-foot medical office building in the Southern New Jersey community of Swedesboro. Completed in 2008, the building at 100 Lexington Road was fully leased at the time of sale, with Inspira Health serving as the anchor. Mark Krantz and Derrick Dougherty of Marcus & Millichap represented the seller and procured the buyer, both of which were locally based entities that requested anonymity, in the transaction.

May 22, 2025

Leasing Activity New York Northeast Office

JLL Negotiates 20,000 SF Office Lease at 10 Grand Central in Midtown Manhattan

by Taylor Williams May 22, 2025

NEW YORK CITY — JLL has negotiated a 20,000-square-foot office lease at 10 Grand Central, a 35-story building in Midtown Manhattan that was originally constructed in the early 1930s. The lease term is 10 years, and the tenant, business advisory firm Riveron, will relocate from 461 Fifth Avenue. Mitchell Konsker, Carlee Palmer, Thomas Swartz and Nicole Danyi of JLL represented the landlord, Marx Realty, in the lease negotiations. Peter Trivelas of Cushman & Wakefield represented Riveron.

May 22, 2025

Development Industrial Midwest Missouri

Master’s Transportation Opens Phase I of $72M Headquarters in Kansas City

by Kristin Harlow May 22, 2025

KANSAS CITY, MO. — Master’s Transportation, a provider of commercial buses and vans, has opened Phase I of its new headquarters in Kansas City. The 32,000-square-foot service building consolidates the company’s parts and local service departments. According to Master’s Transportation, bringing the team together will enhance service delivery through a modernized parts storage and fulfillment center, cutting delivery times by 70 percent. The service building features a body shop, large paint booth and detailing areas. The building marks the first of three phases being built at the company’s new headquarters, which is located at 14655 Prospect Ave. Completion of the campus is slated for this summer. The project will include a 252,000-square-foot production facility, 36,000-square-foot office and nearly 1 million square feet of concrete paving for bus parking.

May 22, 2025

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