Property Type

JLL Secures $27.2M Refinancing for 124-Unit Apartment Community in Denver

by Amy Works July 22, 2025

DENVER — JLL Capital Markets has arranged $27.2 million in refinancing for The Kenyon, a multifamily property at 777 E. 17th Ave. in Denver’s Uptown neighborhood. Kristian Lichtenfels and Mark Erland of JLL secured the financing for the borrower, the single-purpose joint venture entity of Corum Real Estate Group, ProspectHill Group and Geolo Capital. Delivered in May 2024, The Kenyon offers 124 studio, one- and two-bedroom apartments with 40 unique floor plans, including 27 balcony units and 17 split-level mezzanine units. Community amenities include a two-story fitness center, private work pods and a rooftop deck with grills.

July 22, 2025

Acquisitions Multifamily Washington Western

Nearon Enterprises Buys 72-Unit Briggs Village Multifamily Property in Olympia, Washington

by Amy Works July 22, 2025

OLYMPIA, WASH. — Nearon Enterprises has acquired Briggs Village, an apartment community in Olympia, from Glencrest Group for an undisclosed price. Situated in the 137-acre Briggs Village master-planned community, the asset features 72 apartments. The community was built in 2019. Ryan Harmon, Philip Assouad, Giovanni Napoli, Nick Ruggiero and Anthony Palladino of Institutional Property Advisors, a division of Marcus & Millichap, represented the buyer and facilitated the transaction.

July 22, 2025

Nokia-Bell-Labs-Headquarters-New-Brunswick

Development Life Sciences New Jersey Northeast Office

SJP Properties Breaks Ground on 370,000 SF Office, Life Sciences Project in New Brunswick, New Jersey

by Taylor Williams July 22, 2025

NEW BRUNSWICK, N.J. — New York City-based developer SJP Properties has broken ground on a 370,000-square-foot office and life sciences project in the Central New Jersey community of New Brunswick. The 10-story building will be known as the Nokia Bell Labs Headquarters facility and represents Phase II of a larger development known as the HELIX NJ Innovation District (previously known as HELIX Health + Life Science Exchange). SJP is developing the HELIX project in partnership with the New Brunswick Development Corp. PNC Bank provided construction financing for the project, completion of which is slated for late 2027.

July 22, 2025

Acquisitions California Retail Western

Progressive Real Estate Arranges $6.7M Sale of Peppertree Plaza Retail Property in Fresno, California

by Amy Works July 22, 2025

FRESNO, CALIF. — Progressive Real Estate Partners has brokered the sale of Peppertree Plaza, a shopping center in Fresno. A Bay Area private investor sold the asset to a Los Angeles-based private investor for $6.7 million. Greg Bedell of Progressive Real Estate Partners represented the seller in the all-cash transaction. Located at 2745-2787 W. Shaw Ave., Peppertree Plaza features 51,000 square feet of retail space spread across five shop and pad buildings. At the time of sale, the property was 87 percent leased. Current tenants include Outback Steakhouse, Deli Delicious, Marion’s Mexican Restaurant, Pijja Paradise Pizza & Arcade, Ocean Dental Group, FastSigns and State Bank of India.

July 22, 2025

Acquisitions Colorado Retail Western

Gart Properties Acquires 48,351 SF Edwards Corner Retail Center in Vail Valley, Colorado

by Amy Works July 22, 2025

VAIL VALLEY, COLO. — Gart Properties has purchased Edwards Corner, a neighborhood center at 56 Edwards Village Blvd. in Vail Valley, from Edwards Corner LLC for an undisclosed price. Built in 2004, Edwards Corner features 48,351 square feet of retail space and is currently leased to nearly 50 local businesses, including Hovey & Harrison, Drunken Goat, Cut Meat & Seafood and Il Mago. Jon Hendrickson and Aaron Johnson of Cushman & Wakefield represented the seller in the deal.

July 22, 2025

Hospitality Loans New York Northeast

JLL Arranges $54M Loan for Refinancing of Long Island Hotel

by Taylor Williams July 22, 2025

SAG HARBOR, N.Y. — JLL has arranged a $54 million loan for the refinancing of Baron’s Cove, a 67-room boutique hotel located in Sag Harbor on Long Island. Built in the late 1950s and renovated in 2015, the property features lofted suites and amenities such as a saltwater pool, lounge, complimentary bicycles and kayaks, a wellness center, tennis court and onsite food-and-beverage options. Kevin Davis, Mark Fisher, Jillian Mariutti and Connor Medzigian of JLL arranged the three-year, floating-rate loan through funds managed by private equity firm Blue Owl Capital. The borrower, a partnership between Blue Flag Capital and Bain Capital Real Estate, will use a portion of proceeds to fund capital improvements.

July 22, 2025

Acquisitions Midwest Minnesota Multifamily

Waterton Acquires 30-Story Apartment Tower in Downtown Minneapolis

by Kristin Harlow July 22, 2025

MINNEAPOLIS — Waterton has acquired 365 Nicollet, a 30-story apartment tower with 370 units in downtown Minneapolis. The seller was a joint venture between Opus Development Co. and Corebridge Real Estate Investors. Opus constructed, designed and developed the property in 2018. Located at 365 Nicollet Mall in the city’s Gateway District, the building features studios, one-, two- and three-bedroom units. There are 50 penthouse units. Amenities at the property include a fitness center, yoga studio, sauna, relaxation room, outdoor pool, entertainment kitchen, recreation lounge, coworking space, golf simulator, pet spa and dog run. Waterton plans to implement a light value-add renovation program across residences and common areas. Plans call for refreshed furniture, fixtures and equipment, as well as new flooring and equipment in the fitness center. Ted Abramson, Abe Appert and Keith Collins of CBRE represented the seller.

July 22, 2025

Acquisitions Illinois Industrial Midwest

JLL Brokers Sale of 289,847 SF Industrial Property in Vernon Hills, Illinois

by Kristin Harlow July 22, 2025

VERNON HILLS, ILL. — JLL Capital Markets has brokered the sale of a two-building industrial property totaling 289,847 square feet in the Chicago suburb of Vernon Hills. Named the Woodlands Light Manufacturing Center, the facilities on Woodlands Parkway are fully leased to Kanaflex Corp. The properties feature clear heights ranging from 19 to 29.5 feet, 12 dock-high doors, six drive-in doors, LED lighting and 247 parking spaces. Ed Halaburt and Kurt Sarbaugh of JLL represented the seller, High Street Logistics Properties. Centaur Capital Partners and Talos Capital LLC purchased the property.

July 22, 2025

Acquisitions Industrial Midwest Self-Storage Wisconsin

EquiCap Commercial, NAI Pfefferle Negotiate Sale of 215-Unit Self-Storage Portfolio in Wisconsin

by Kristin Harlow July 22, 2025

ARBOR VITAE, ST. GERMAIN AND EAGLE RIVER, WIS. — EquiCap Commercial and NAI Pfefferle have negotiated the sale of Freedom Storage, a self-storage portfolio located in northern Wisconsin. The portfolio consists of three sites totaling 44,300 net rentable square feet across 12 buildings with 215 drive-up units. The sites are located at 11019 Highway 70 in Arbor Vitae, 5881 Highway 70 in St. Germain and 1878 Collins Court in Eagle River. Scott Rihm and Jesse Luke of EquiCap brokered the transaction along with Jonathan Glassco of NAI Pfefferle.

July 22, 2025

Acquisitions Illinois Midwest Multifamily

Essex Arranges $3M Sale of Three-Building Multifamily Portfolio in Chicago

by Kristin Harlow July 22, 2025

CHICAGO — Essex Realty Group LLC has arranged the $3 million sale of a three-building multifamily portfolio totaling 55 units in Chicago’s West Chatham neighborhood. The three-story properties feature six studios, 26 one-bedroom units, 12 two-bedroom units and four three-bedroom apartments as well as eight commercial spaces. Joe Kahlhammer of Essex brokered the transaction. The seller was a long-term local owner.

July 22, 2025

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