NEW YORK CITY — Marcus & Millichap has negotiated the $94.5 million sale of a portfolio of 13 multifamily properties totaling 147 units in Manhattan. Known as The Chelsea Collection by virtue of its submarket location, the buildings total 98,000 square feet and are located on the west side of the neighborhood between West 19th and West 29th streets. Joe Koicim, Logan Markley, Chris Dintrone and Kory Barbanel of Marcus & Millichap represented the seller, BlackSpruce Management, in the transaction and procured the undisclosed buyer.
LOWELL, MASS. — CBRE has brokered the sale of Residences at Crosspoint, a 240-unit apartment complex located in the northern Boston suburb of Lowell. Completed in 2020, the six-story building offers studio, one- and two-bedroom units with an average size of 863 square feet. Amenities include a clubroom, fitness center and a business center. Simon Butler, Biria St. John, John McLaughlin and Brian Bowler represented the seller, a partnership created and operated by SMC Management Corp., in the transaction. The team also procured the buyer, an affiliate of New York City-based Osso Capital.
PHOENIX — LaPour Partners and Holualoa Cos. have acquired land and secured planned approval for a dual-branded AC Hotel by Marriott and Element by Westin hotel within the 100-acre CityNorth master-planned community in north Phoenix. Groundbreaking for the project is planned for this year, with completion slated for January 2027. The eight-story development will feature 240 guest rooms with 5,700 square feet of flexible indoor-outdoor meeting space. The AC Hotel by Marriott will offer 142 guest rooms, and Element by Westin will offer 98 extended-stay guest rooms. Amenities will include a saline pool, AC lounge, Element Rise, outdoor fireplaces, an outdoor barbecue area, suites with balconies, a sundry market, AC Kitchen, guest laundry and EV chargers. LaPour Partners and Holualoa previously partnered on the Marriott AC Biltmore in 2018, which is located on Camelback Road in the Phoenix Biltmore Corridor. Terms of the land acquisition were not released.
BOSTON — Edge Property has purchased a 49,275-square-foot office complex in downtown Boston. Known as 10 Liberty Square and 12 Post Office Square, the property was 53 percent leased to 10 office and retail tenants at the time of sale. Robert Griffin, Edward Maher, Matthew Pullen, James Tribble, Samantha Hallowell and William Sleeper of Newmark represented the undisclosed seller in the transaction. The quintet also collaborated with Newmark’s Michael Byrne, Thomas Greeley, Devlin Man, Casey Griffin, Joseph Alvarado and Casey Valente to procure the buyer.
SEATAC, WASH. — BKM Capital Partners has purchased SeaTac Industrial Park, an industrial property located in SeaTac, approximately 15 miles south of Seattle, for $29 million in an off-market transaction. Totaling 129,677 square feet, SeaTac Industrial Park comprises three concrete tilt-up buildings with 18 units ranging from 1,929 square feet to 32,512 square feet in size, with office spaces comprising 16 percent of the total footprint. Located at 18802-19024 13th Place S, the property features 14- to 16-foot clear heights, 45 dock-high doors and 34 grade-level doors. At the time of sale, the asset was 92 percent leased. BKM Capital plans to invest nearly $2 million in capital improvements to elevate the property’s appeal and address deferred maintenance. Upgrades will include roofing, landscaping, HVAC systems, parking lot repairs and updated signage. A key component of the renovation includes converting the park’s largest unit from 32,512 square feet into four smaller units between 6,000 square feet and 16,000 square feet.
NEW YORK CITY — Impact.com has signed an 18,364-square-foot office lease renewal in Midtown Manhattan. The digital marketing firm will continue to occupy the entire 10th floor at the 300,000-square-foot building at 136 Madison Ave. Alex Leopold of CBRE represented the tenant in the lease negotiations. Mac Roos of Colliers, along with internal agents Andrew Roos, Michael Cohen and Jessica Verdi, represented the landlord, Williams Equities.
LAS VEGAS — Visionary III and Matterhorn Venture Partners have acquired a 6.5-acre development site in the North Las Vegas Valley industrial submarket for the development of North & North Business Park, a speculative industrial project in Las Vegas. Located at the southwest corner of North Nellis and North Las Vegas boulevards, North & North Business Park will offer three industrial buildings for lease for sale to individual users. Construction is slated to begin this summer.
LEADVILLE, COLO. — Cloudland Capital and Blue Hour Housing have received $5 million in financing for Silver King Leadville, a workforce housing community in Leadville. William Haass of JLL Capital Market’s Debt Advisory team secured the five-year, fixed-rate loan through a Colorado-based credit union. Located at 2020 N. Poplar St., Silver King offers 56 apartments. Formerly a 66-key hotel, the property was acquired in June 2024 and underwent a comprehensive renovation to convert the asset into a modern workforce housing community. The renovated property now features 47 studios, eight one-bedroom units and one two-bedroom unit, with an average size of 375 square feet. The renovation included adding kitchenettes to all units, installation and improvement of fire and life safety systems, upgrading common areas, building out communal laundry and gym facilities, adding storage lockers and enhancing outdoor spaces. Silver King is master-leased to Climax Molybdenum Co., a subsidiary of Freeport-McMoRan, providing housing for Climax employees and residents of Colorado’s high-country. Six units have been reserved to Lake County, Colo., to allow employees of Lake County access to this workforce housing community.
TEMPE, ARIZ. — Captiva Partners has purchased a multi-tenant, small-bay industrial property located at 2209-2211 W. 1st St. in Tempe in an off-market transaction for an undisclosed price. Captiva plans to rebrand the 40,075-square-foot property as First Street Commerce Center and implement a comprehensive value-add business plan to elevate its appeal and functionality. Planned renovations include new signage, refreshed landscaping, exterior painting and upgraded interiors. Cory Breinholt of Commercial Properties represented the buyer and seller in the deal.
STRONGSVILLE, OHIO — Berkadia has arranged a $49.1 million acquisition loan for Chestnut Lake in Strongsville, a southern suburb of Cleveland. The 788-unit multifamily property is located at 17721 Whitney Road and offers amenities such as an outdoor pool, playground, fitness center, hair salon and grilling and picnic areas. Robert Lipson of Berkadia arranged the Fannie Mae loan on behalf of the buyer, New Jersey-based Brookhaven Property Group. The 10-year loan featured a 5.71 percent interest rate and a 30-year amortization schedule.