Tuesday, November 25, 2025
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4701-Pine-Street-Philadelphia
LoansMultifamilyNortheastPennsylvania

GFI Realty Arranges $96M Loan for Refinancing of Philadelphia Multifamily Property

by Taylor Williams

PHILADELPHIA — New York City-based brokerage and advisory firm GFI Realty Services has arranged a $96 million loan for the refinancing of 4701 Pine Street, a 412-unit multifamily property in Philadelphia’s University City neighborhood. The property consists of a 192-unit pre-war building that was recently renovated, a newly constructed, 220-unit building, 10,000 square feet of retail space and a 260-space parking garage. Daniel Lerer of GFI Realty arranged the loan. The borrower and direct lender were not disclosed.

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Fletcher-Southlands-Aurora-CO
AcquisitionsColoradoMultifamilyWestern

Kennedy Wilson-Managed Fund Purchases Apartment Community in Aurora, Colorado for $94.7M

by Amy Works

AURORA, COLO. — A commingled real estate fund managed by Kennedy Wilson has acquired The Fletcher Southlands, a multifamily property in Aurora, for $94.7 million. Completed in 2021, the three-story community features 320 one-, two-, three- and four-bedroom garden-style apartments with open floor plans. The community offers a low-density living environment, ample parking, a fitness center, pool, dog park and communal game and dining spaces.

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AcquisitionsCaliforniaIndustrialWestern

Dalfen Industrial Acquires 13-Building Portfolio in West Sacramento, California

by Amy Works

WEST SACRAMENTO, CALIF. — Dalfen Industrial has purchased West Sacramento Logistics Portfolio, a multi-building infill industrial portfolio within the West Sacramento industrial corridor. Totaling 1.3 million square feet on 68 acres, the portfolio features 13 buildings that are 97 percent leased to 31 tenants with an average weighted lease term of 3.5 years and an average suite size of approximately 30,000 square feet. Notable tenants include Crown Equipment Corp., Beckman Coulter Inc., MacArthur Co., KP LLC, Cameron Ashley Building Products and the State of California. With this acquisition, Dalfen Industrial now owns and operates 10.2 million square feet of industrial real estate in the Western United States.

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The-Parson-Denver-CO
ColoradoDevelopmentMultifamilyWestern

Greystar Launches Leasing at 309-Unit High-Rise Apartment Property in Denver

by Amy Works

DENVER, COLO. — Preleasing has begun at The Parson, a 309-unit high-rise Greystar is developing in Denver’s Golden Triangle neighborhood. The project is slated for completion next year. According to Zillow, monthly asking rents range from $2,055 for a studio to $13,690 for a three-bedroom penthouse. The Parson features 4,100 square feet of retail space. Amenities include a fifth-floor pool with views of the Rocky Mountains, a two-story gym with a sauna and a yoga lawn, concierge services, shared workspaces and an indoor and outdoor dog park. Ziegler Cooper was the architect.

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AcquisitionsMultifamilyNew YorkNortheast

Adirondack Capital Partners Negotiates Sale of 189-Unit Apartment Complex in Queensbury, New York

by Taylor Williams

QUEENSBURY, N.Y. — Regional brokerage firm Adirondack Capital Partners has negotiated the sale of Whispering Pines Apartments, a 189-unit multifamily complex in Queensbury, located north of Albany.  Built in 1980, the garden-style property offers one- and two-bedroom units and amenities such as a pool, tennis courts, fitness center and onsite laundry facilities. Adirondack represented the buyer, Dawn Homes Management, in the transaction. Parker Stevens of Eastdil Secured represented the seller.

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AcquisitionsNortheastPennsylvaniaRetail

CBRE Brokers Sale of 100,250 SF Shopping Center in Easton, Pennsylvania

by Taylor Williams

EASTON, PA. — CBRE has brokered the sale of Forks Town Center, a 100,250-square-foot shopping center in the Lehigh Valley city of Easton. Grocer GIANT anchors the center, which was fully leased at the time of sale. Other tenants include Dunkin’, PNC Bank, Fine Wine & Good Spirits and Verizon. Chris Munley, Colin Behr, Ryan Sciullo and Casey Benson Smith of CBRE represented the seller, JC Bar Properties Inc., in the deal. The buyer was Nike Equities. The sales price was not disclosed.

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2131-Faraday-Ave-Carlsbad-CA
AcquisitionsCaliforniaLife SciencesNet LeaseWestern

Cushman & Wakefield Arranges $19.3M Sale of Life Sciences Property in Carlsbad, California

by Amy Works

CARLSBAD, CALIF. — Cushman & Wakefield has brokered the sale of a single-story life sciences corporate headquarters facility at 2131 Faraday Ave. in Carlsbad. The Wonderful Co. acquired the asset from RPG for $19.3 million. Boston Scientific (NYSE: BSX) fully occupies the 47,075-square-foot property on a triple-net lease basis. The newly renovated, freestanding Class A building features a state-of-the-art central laboratory, high-end corporate offices, onsite amenities, an extensive glass line and robust mechanical systems suited for biotech, medical devices and corporate users. Aric Starck and Drew Dobbs of Cushman & Wakefield represented the seller in the deal.

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AcquisitionsCaliforniaIndustrialSelf-StorageWestern

Wentworth Storage Buys 667-Unit Self-Storage Facility in Fairfield, California

by Amy Works

FAIRFIELD, CALIF. — Wentworth Storage Co. has purchased STORE on Pittman Self Storage, a Class A self-storage facility in Fairfield, from Denova Northwest for an undisclosed price. Wentworth Storage Co. has engaged STORE Management to operate the asset, marking the first property in the Wentworth portfolio to be managed by STORE. Greg Wells and Kevin Cuff of Cushman & Wakefield represented the seller in the transaction. Located at 555 Pittman Road, the 67,883-square-foot property offers 667 self-storage units. The facility features 34 rentable outdoor parking spaces, 554 climate-controlled units and 79 drive-up units. At the time of sale, the property was 85 percent physically occupied. The asset offers a drive-up ramp design offering tenants 100 percent ground-level access to units. Additionally, the property is approved for a 13,900-square-foot single-storage expansion.

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DevelopmentMultifamilyNew YorkNortheast

Partnership Completes Lease-Up of 49-Unit Apartment Building in Brooklyn

by Taylor Williams

NEW YORK CITY — A partnership between William Macklowe Co. and GreenBarn Investment Group has completed the lease-up of a 49-unit apartment building in the Park Slope area of Brooklyn. Designed by SLCE Architects with interiors by Durukan Design, the four-story building is part of the Paseo on Fifth development, which comprises 131 units across two buildings. Residences at Paseo on Fifth come in studio, one- and two-bedroom floor plans. Rents start at roughly $3,200 per month for a studio apartment.

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CivicDevelopmentIndustrialMidwestMissouri

Kansas City Aviation Department Selects Developer for Remaining 20 Acres at Downtown Airport

by Kristin Harlow

KANSAS CITY, MO. — The Kansas City Aviation Department has selected Airside Innovation Missouri LLC, a joint venture between Kansas City natives Kyle Eiserer of Airside FBO and Erik Murray of Eastside Innovation, to develop the last 20 acres of available land at the Kansas City Downtown Airport – Wheeler Field. The $55 million development will include a new fixed base operation (FBO) led by Kansas City-based Apex Aero Center with a 15,000-square-foot terminal building and more than 150,000 square feet of new hangar, office and shop space designed to serve business, government and general aviation users. FBOs are often the first point of contact for visitors arriving by air. Known as Project Lima, the development was selected through a request for proposals process and received unanimous approval from the Kansas City Council in September. The developers executed a long-term lease on the property last month. The project will also include the expansion of Red Tail Academy, a Kansas City-based nonprofit focused on educating and mentoring underrepresented youth in aviation. The broader project team includes Crossroads Real Estate Group, WSKF Architects, TREKK Design Group, Bob D Campbell & Co., FSC Inc., LM2 Construction, McCownGordon Construction and AvAirPros. Completion is slated …

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