Thursday, October 9, 2025
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AcquisitionsCaliforniaOfficeWestern

Tishman Speyer Sells 9242 Beverly Boulevard Office Building in Los Angeles for $90M

by Amy Works

LOS ANGELES — Tishman Speyer has completed the sale of 9242 Beverly Boulevard, an office building in Los Angeles’ Beverly Hills neighborhood, to Envision and Faring for $90 million, or $675 per square foot. Completed in 1990 and certified LEED Platinum, the 133,300-square-foot building features flexible floor plates, light-filled workspaces, balconies, an interior courtyard with outdoor office settings and a reimagined entrance and lobby. Tishman Speyer acquired the asset in 2005 for $38 million and subsequently secured leases with private investment firm Post Real Estate Group and Miller-DM to establish a Mercedes-Benz luxury vehicle franchise at the building.

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AcquisitionsMultifamilyOregonWestern

Security Properties, Rockwood Capital Acquire 284-Unit NV Apartments in Portland

by Amy Works

PORTLAND, ORE. — A partnership between Security Properties and an affiliate of Rockwood Capital has purchased NV Apartments, a multifamily property in Portland’s North Pearl District. The acquisition price and name of the seller were not released. NV Apartments offers 284 one- and two-bedroom residences in a mix of standard, townhome, loft and penthouse layouts. The units feature woodgrain laminate cabinets with undermount lighting, stainless steel appliances, hard surface countertops with undermount sinks and vinyl plank flooring. Community amenities include an outdoor dog run and wash station, a private dining room area, bike storage and repair station, fitness center, yoga studio, resident lounge and a third-floor courtyard area. Additionally, the property offers 4,100 square feet of ground-level retail space. Security Properties Residential, an affiliate of Security Properties, will manage the asset.

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AcquisitionsColoradoIndustrialSelf-StorageWestern

Argus Self Storage Advisors Brokers Sale of 742-Unit Guardian Storage Aurora in Colorado

by Amy Works

AURORA, COLO. — Argus Self Storage Advisors has arranged the sale of Guardian Storage Aurora, a Class A self-storage facility in Aurora. Terms of the deal were not released. Located at 3633 Walden Circle, the 87,438-square-foot property offers 742 climate-controlled units within exterior, drive-up access buildings. Built in 2019, Guardian Storage Aurora was 90 percent occupied at the time of sale. Ben Vestal, Cole Carosella and Matthew Cox of Argus Self Storage Advisors facilitated the transaction.

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AcquisitionsCaliforniaIndustrialWestern

Realterm Buys Two Industrial Outdoor Storage Maintenance Facilities in Fremont, California

by Amy Works

FREMONT, CALIF. — Realterm has acquired two industrial outdoor storage (IOS) maintenance facilities located at 5120-5170 Brandin Court and 44533 S. Grimmer Blvd. in Fremont. Ryan Sitov and Melinda Marino of JLL facilitated the transaction and represented the undisclosed seller. The acquisition price was not released. Situated on 2.2 acres, the asset at 5120-5170 Brandin features a 11,750-square-foot maintenance shop with 22-foot clearance, four drive-in doors, a 4,061-square-foot office and one ingress/egress point. Herc Rentals, a full-service equipment rental company that offers tools, services and solutions, occupies the property. Located on 3.7 acres with one ingress/egress point, the facility at 44533 S. Grimmer features a 36,600-square-foot maintenance shop with 22-foot clear heights, four drive-in doors and a 3,571-square-foot office. Halcon Corp., a national provider of transportation and operational solutions, occupies the asset.

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AcquisitionsArizonaOfficeWestern

Cushman & Wakefield | PICOR Arranges $2.4M Purchase of Office Space in Tucson

by Amy Works

TUCSON, ARIZ. — Cushman & Wakefield | PICOR has negotiated the acquisition of a 6,313-square-foot office space at 3935 E. Fort Lowell in Tucson. Entities doing business as FTL 3935 LLC and Dalehurst LLC acquired the asset from Harlequin LLC for $2.4 million. Richard Kleiner and Alexis Corona of Cushman & Wakefield | PICOR represented the buyer in the deal.

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AcquisitionsGeorgiaMultifamilyRetailSoutheast

JLL Arranges $63.5M Sale of Cobb Place Shopping Center in Metro Atlanta

by John Nelson

KENNESAW, GA. — JLL Capital Markets has arranged the $63.5 million sale of Cobb Place, a 335,190-square-foot shopping center in Kennesaw. Jim Hamilton, Brad Buchanan, Andrew Kahn and Anton Serafini of JLL represented the seller, Savannah, Ga.-based Wicker Park Capital Management, in the transaction. The buyer was Miami-based Shaked Acquisitions. Located about 27 miles northwest of Atlanta, the shopping center is historically the top destination in the region for furniture and home-centric retailers, according to JLL. The longstanding anchor list includes Ashley Furniture HomeStore, American Signature Furniture, DSW, Cost Plus World Market, Hobbytown, Bassett Furniture, Natuzzi and BrandsMart USA.

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AcquisitionsMultifamilySoutheastVirginia

Berkadia Brokers Sale of 296-Unit Multifamily Property in Newport News, Virginia

by John Nelson

NEWPORT NEWS, VA. — Berkadia has brokered the sale of Forest Lake at Oyster Point, a 296-unit multifamily property located at 307 Saint Thomas Drive in Newport News. Richmond-based Levco Management acquired the property for an undisclosed price. Drew White, Carter Wood and Cole Carns of Berkadia represented the Nebraska-based seller, Haley Residential, in the transaction. Built in 1986 and renovated between 2008-2013, Forest Lake at Oyster Point offers a mix of one-, two- and three-bedroom apartments ranging in size from 780 to 1,235 square feet, according to Apartments.com. Amenities at the Class B property include a tennis court, grilling area, two swimming pools and a fitness center.

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LoansMultifamilyNorth CarolinaSoutheast

Walker & Dunlop Provides $13.9M Loan for Sedgefield Apartments in Winston-Salem, North Carolina

by John Nelson

WINSTON-SALEM, N.C. — Walker & Dunlop has provided a $13.9 million loan for Sedgefield Apartments, a 144-unit garden-style multifamily community located at 4755 Country Club Road in Winston-Salem. Brendan Coleman and Adam Johnston of Walker & Dunlop originated the Freddie Mac loan on behalf of the borrower, Elliott Properties. Sedgefield was built in 1987 and features one- and two-bedroom apartments, as well as a pool, fitness center, laundry facilities, business center, dog park and tennis and volleyball courts.

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AcquisitionsFloridaIndustrialLeasing ActivitySoutheast

MAG Capital Partners Acquires Sarasota Industrial Facility in Sale-Leaseback Deal

by John Nelson

SARASOTA, FLA. — MAG Capital Partners, a Dallas-based investment firm led by Dax T.S. Mitchell and Andrew Gi, has acquired a 23,895-square-foot industrial facility located at 6460 Parkland Drive in Sarasota. The firm purchased the asset for an undisclosed price in a sale-leaseback with the tenant and seller, MDC Precision. Andrew Sandquist, JC Asensio and Briggs Goldberg of Newmark represented MDC, which uses the facility for its insulator sealing division, in the transaction. The asset is situated on a 2.2-acre site near the Sarasota-Bradenton International Airport with 1,000 feet of frontage along US Highway 301.

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CivicDevelopmentFloridaSoutheast

St. Lucie Public Schools Selects Spiezle to Design 217,500 SF Prototype Campus

by John Nelson

ST. LUCIE, FLA. — St. Lucie Public Schools has selected Spiezle Architectural Group Inc. to provide design services for the school district’s 217,500-square-foot Western Grove K-8 prototype campus. General contractor Wharton-Smith plans to begin construction on the project in February and wrap up by August 2026. The six-building campus will include two-story academic buildings, a two-story administration building, gymnasium, chiller plant with thermal storage and a 33,569-square-foot auditorium/cafeteria that will feature dining facilities, a kitchen, custodial area, stage, band classroom, vocal classroom and an art classroom. Outdoor offerings will include playgrounds, multipurpose field, hard court and dropoff/pickup area. The Western Grove K-8 prototype campus is designed to accommodate nearly 2,000 students.

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