Property Type

Ashkenazy Acquisition Corp. Buys 374,000 SF Shopping Center in Queens

by Taylor Williams August 21, 2025

NEW YORK CITY — New York City-based owner-operator Ashkenazy Acquisition Corp. has purchased The Shops at Atlas Park, a 374,000-square-foot, open-air shopping center in Queens. The Shops at Atlas Park is situated on a 12-acre site at the intersection of Cooper Avenue and 80th Street. Anchored by Regal Cinemas, the center is home to a mix of both national and local operators, as well as an array of food-and-beverage users. Los Angeles-based owner-operator Macerich sold the property in conjunction with an unnamed partner. ACORE Capital provided acquisition financing for the deal.

August 21, 2025

Acquisitions Multifamily New Jersey Northeast

CBRE Investment Management Acquires 200,000 SF Distribution Center in Belmont, New Jersey

by Taylor Williams August 21, 2025

BELMONT, N.J. — CBRE Investment Management has acquired Belmont Distribution Center, a 200,000-square-foot industrial facility in Northern New Jersey. Completed in 2023, Belmont Distribution Center features a clear height of 40 feet, 130-foot truck court depths, 46 loading positions and parking for 138 cars and 29 trailers. The facility is also divisible for multiple tenants. The seller was a fund backed by Brookfield Properties. The sales price was not disclosed.

August 21, 2025

Industrial Loans New Jersey Northeast Office

JLL Arranges Refinancing of 114,622 SF Industrial, Office Property in Eatontown, New Jersey

by Taylor Williams August 21, 2025

EATONTOWN, N.J. — JLL has arranged the refinancing of West Ridge Corporate Campus, a 114,622-square-foot industrial and office property located in the Northern New Jersey community of Eatontown. The 11.1-acre campus consists of three 12,000-square-foot office buildings and two industrial flex buildings totaling 36,160 and 42,462 square feet. Michael Klein, Ryan Carroll and Tyler Caricato of JLL arranged the seven-year loan through an undisclosed insurance company on behalf of the borrower, Bollerman Cos.

August 21, 2025

Acquisitions New Hampshire Northeast Retail

CrownPoint Partners Negotiates $7.5M Sale of Retail Building in Concord, New Hampshire

by Taylor Williams August 21, 2025

CONCORD, N.H. — National brokerage firm CrownPoint Partners has negotiated the $7.5 million sale of a 65,868-square-foot, single-tenant retail building in Concord. Grocer Shaw’s has occupied the building since its original construction on a 10.6-acre site in 2001. Julius Swolsky and Shannon Bona of CrownPoint, in association with ParaSell Inc., represented the seller, an affiliate of New Jersey-based investment firm ARCTRUST, in the transaction. Horvath & Tremblay represented the buyer, a Massachusetts-based private investor.

August 21, 2025

Acquisitions Industrial Northeast Pennsylvania

Outrigger Industrial, Midloch Buy 99,500 SF Building Near Pittsburgh

by Taylor Williams August 21, 2025

NORTH FAYETTE TOWNSHIP, PA. — Outrigger Industrial, in partnership with Midloch Investment Partners, has purchased a 99,500-square-foot building in North Fayette Township, located just west of Pittsburgh. The building at 1200 International Drive, which was constructed in 2023 and has 17 loading doors, was 60 percent leased to three tenants at the time of sale. The new ownership has tapped Cushman & Wakefield to lease the remaining space.

August 21, 2025

Development Hospitality Mixed-Use Retail Top Stories Utah

Angstrom Development Group to Develop Mixed-Use Resort Project in Heber Valley, Utah

by Hayden Spiess August 21, 2025

HEBER VALLEY, UTAH — Angstrom Development Group has announced plans for The Slope, a new mixed-use resort project in Heber Valley, roughly 50 miles southeast from Salt Lake City International Airport. Situated along the Provo River, the development will feature an 86-room resort and more than 100,000 square feet of retail space. The Slope will also include 200 hotel-branded residences, which will be available for purchase or for short-term rentals. Residences at the project will be fully furnished, with rentals operated by the hotel brand’s professional management program. In addition to two- and three-bedroom condos located within the hotel, residential units will include four-bedroom, multistory villas. The villas will feature expansive patios and rooftop decks with hot tubs and saunas. Waterways, bike paths and pedestrian alleys will connect the development, and the resort will offer access to skiing, mountain biking, hiking trails, golfing and boating. Austin, Texas-based Angstrom Development Group develops high-end residential, mixed-use and resort projects across premier markets. — Hayden Spiess

August 21, 2025

Acquisitions Multifamily Student Housing Texas

Core Spaces Acquires 670-Bed Student Housing Community Near University of Texas at Austin

by Taylor Williams August 20, 2025

AUSTIN, TEXAS — Core Spaces has acquired Villas on 24th, a 670-bed student housing community located at 2313 Rio Grande St. in the West Campus neighborhood of Austin. The development opens this month and offers 199 units in studio through six-bedroom configurations with bed-to-bath parity for students attending the University of Texas at Austin. Shared amenities include a rooftop pool and hot tub with lounge seating and grills; a fitness center with an indoor basketball court; outdoor fitness spaces and saunas; and private meeting rooms and coworking spaces. Villas Student Housing developed the property. TSB Capital Advisors consulted on financing for the acquisition.

August 20, 2025

Loans Multifamily Texas

Berkadia Arranges Recapitalization of 259-Unit Apartment Complex in Metro Austin

by Taylor Williams August 20, 2025

LEANDER, TEXAS — Berkadia has arranged the recapitalization of The Conley, a 259-unit apartment complex located in the northern Austin suburb of Leander. The recapitalization includes debt from LaSalle Investment Management and a preferred equity investment from an undisclosed, Los Angeles-based capital provider. Built in 2020, The Conley offers one-, two- and three-bedroom units and amenities such as a pool, fitness center, resident lounge with a coffee bar, coworking space and a pet park. Scott Wadler, Matt Nihan, Mitch Sinberg, Brad Williamson and Matt Robbins of Berkadia handled the transaction on behalf of the owners, a joint venture between two Miami-based firms, Beacon Real Estate Group and Constellation Group.

August 20, 2025

Acquisitions Loans Multifamily Nevada Western

NewPoint Real Estate Capital Originates $73.4M Freddie Mac Loan for Multifamily Acquisition in North Las Vegas

by Amy Works August 20, 2025

NORTH LAS VEGAS, NEV. — NewPoint Real Estate Capital has provided a $73.4 million Freddie Mac loan to finance the purchase of a garden-style multifamily property in North Las Vegas. The five-year, fixed-rate loan includes full-term interest-only payments and a 35-year amortization schedule. John DeWitt of NewPoint originated the loan. The sponsor, a repeat Freddie Mac and NewPoint borrower, purchased the 498-unit asset and plans to implement an extensive improvement plan over the first four years of the loan. Built in two phases in 2007 and 2008, the property offers one-, two- and three-bedroom apartments with in-unit washers/dryers, stainless steel appliances, central air conditioning and private balconies for patios. Community amenities include two swimming pools, a clubhouse and fitness center, playgrounds, a pet area, business center, garage and both covered and open parking.

August 20, 2025

Acquisitions Multifamily Washington Western

Kidder Mathews Brokers $19M Sale of Cornelius Apartments in Seattle

by Amy Works August 20, 2025

SEATTLE — The Simon | Anderson Multifamily Team at Kidder Mathews has arranged the $19 million sale of Cornelius Apartments, located at 306 Blanchard St. in Seattle’s Belltown neighborhood. Dylan Simon, Jerrid Anderson, Matt Laird and JD Fuller of Simon | Anderson Multifamily represented the undisclosed seller in the deal. The name of the buyer was not released. Built in 1925 as a hotel, the nine-story building features 137 apartments, averaging 455 square feet.

August 20, 2025

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