Wednesday, August 5, 2026
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AcquisitionsCaliforniaMultifamilyWestern

Archway Equities Acquires The Paseos at Montclair Apartments in California for $150M

by Jeff Shaw

MONTCLAIR, CALIF. — Archway Equities has acquired The Paseos at Montclair, a 385-unit apartment community in the Inland Empire city of Montclair, for $150 million.  The Paseos at Montclair was built in 2014. The garden-style community offers studio, one-, two- and three-bedroom units. Amenities include two pools with spas and cabanas, a fitness center, yoga room, children’s entertainment suite, conference center and entertainment lounge. Pacific Urban Investors’ structured finance group provided preferred equity to facilitate the transaction. The seller was not disclosed.

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AcquisitionsIdahoRetailWestern

Kidder Matthews Brokers Sale of 139,064 SF Pocatello Square Shopping Center in Idaho

by Jeff Shaw

POCATELLO, IDAHO — Kidder Matthews has brokered the sale of Pocatello Square, a 138,064-square-foot shopping center in Pocatello, approximately 160 miles north of Salt Lake City.  Tenants at the property, which was built in 2006 and fully leased at the time of sale, include Dick’s Sporting Goods, Grocery Outlet, Ross Dress for Less, JOANN Fabric and Crafts and Old Navy.  Mike King, Erik Swanson, Darren Tappen, Peter Beauchamp and Nathan Thinnes of Kidder Matthews represented the seller, CWCapital, in the transaction. An undisclosed buyer purchased the center through CWCapital’s online auction platform, RI Marketplace. The price was not disclosed.

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AcquisitionsMultifamilyNorth DakotaWestern

Friedman Real Estate Negotiates Sale of West River Apartments in Dickinson, North Dakota

by Jeff Shaw

DICKINSON, N.D. — Friedman Real Estate brokered the sale of West River Apartments.  West River Apartments is 234-unit community in Dickinson, a city in Stark County. The community offers studio, one-, two- and three-bedroom units, according to the property website. Amenities include a fitness center, 24-hour emergency maintenance and a dog park. Rich Deptula and Steven Silverman led the Friedman team. The buyer, seller and price were not disclosed.

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CaliforniaDevelopmentLeasing ActivityRetailWestern

Club Studio to Open 48,000 SF Fitness Studio in Santa Monica, California

by Jeff Shaw

SANTA MONICA, CALIF. — Fitness concept Club Studio has announced plans to open a 48,000-square-foot studio at Santa Monica Place, a Macerich property in Santa Monica.  Located on the first level of the property, the space will feature five boutique studio rooms, as well as a recovery space, steam rooms, infrared saunas, a juice bar and retail store.  A timeline for the opening was not disclosed.

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CaliforniaLeasing ActivityOfficeWestern

Pacific Clinics Leases 18,370 SF Office Space in South Pasadena, California

by Jeff Shaw

PASADENA, CALIF. — Pacific Clinics has leased 18,370 square feet of office space at 625 Fair Oaks Ave. in South Pasadena.  This lease brings the office building to 98 percent occupancy. It also represents one of the largest direct leases for a Class A office building in the greater Pasadena office market within the past 14 months.  NAI Capital’s Tina LaMonica represented the landlord, Greenbridge, in facilitating the lease transaction. Jeff Boucher of Radius represented Pacific Clinics.

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122-Fifth-Avenue-Manhattan
DevelopmentNew YorkNortheastOffice

Bromley Cos. Completes $100M Renovation of Office Building in Manhattan’s Union Square

by Taylor Williams

NEW YORK CITY — Locally based owner-operator Bromley Cos. has completed the $100 million renovation of 122 Fifth Avenue, a 300,000-square-foot office building in Manhattan’s Union Square neighborhood. The repositioning added a new rooftop pavilion and bike storage room, enhanced the office and retail suites and upgraded the building infrastructure. According to New York Post, Microsoft anchors the building’s office space, having taken occupancy of floors six through 10 following completion of the project. Bromley Cos. first purchased 122 Fifth Avenue in 1979.

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413-Summit-Ave.-Jersey-City
DevelopmentLoansMultifamilyNew JerseyNortheast

Titanium Realty Group Receives $42.5M Bridge Loan for Jersey City Multifamily Project

by Taylor Williams

JERSEY CITY, N.J. — Regional developer Titanium Realty Group has received a $42.5 million bridge loan for a newly built, 148-unit multifamily project in Jersey City. The 19-story building houses 80 studios, 46 one-bedroom units, 19 two-bedroom residences and three three-bedroom apartments, as well as 4,500 square feet of ground-floor retail space. Daniel Cohen and Tal Savariego of Meridian Capital Group arranged the debt through Lightstone Capital Group. Proceeds will be used to retire existing debt and fund lease-up costs.

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Affordable HousingDevelopmentLoansMassachusettsMultifamilyNortheast

MassHousing Provides $16.3M in Financing for Affordable Housing Project in Wareham, Massachusetts

by Taylor Williams

WAREHAM, MASS. — MassHousing has provided $16.3 million in financing for the development of a 93-unit affordable housing project in Wareham, located near Cape Cod in the southern part of The Bay State. The development will consist of two complexes that will feature a range of floor plans and income restrictions, as well as shared amenities. The financing includes $8.4 million in permanent financing, a $6.6 million bridge loan and $1 million from the agency’s workforce housing initiative. The borrower is Pennrose LLC.

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Leasing ActivityNew YorkNortheastOffice

Legal Aid Society Signs 72,091 SF Office Lease Renewal in Downtown Manhattan

by Taylor Williams

NEW YORK CITY — The Legal Aid Society has signed a 72,091-square-foot office lease renewal at One Seaport Plaza in downtown Manhattan, where the social justice firm has operated its headquarters for the past 20 years. The 1.1 million-square-foot building was constructed in 1984. Adam Rappaport and Brett Greenberg represented the landlord, Jack Resnick & Sons, in the lease negotiations on an internal basis. Craig Reicher and Christopher Mansfield of CBRE represented The Legal Aid Society.

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AcquisitionsMultifamilyNew YorkNortheast

Brax Realty Arranges $8M Sale of Manhattan Apartment Building

by Taylor Williams

NEW YORK CITY — Locally based brokerage firm Brax Realty has arranged the $8 million sale of a 37-unit apartment building in Manhattan’s Gramercy Park neighborhood. Michael Ferrara and Alan Stenson of Brax Realty represented the seller, a long-term owner, in the transaction and procured the purchaser, a private investor. Both parties requested anonymity. The property was 84 percent occupied at the time of sale.

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