Thursday, July 23, 2026
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one-prospect-park-west-brooklyn-ny
MultifamilyNew YorkNortheastOffice

TerraCRG Brokers $84M Sale of Iconic One Prospect Park West Building in Brooklyn

by Amy Works

NEW YORK CITY — TerraCRG has arranged the sale of One Prospect Park West, an iconic building located at the corner of Union Street and Prospect Park West in Brooklyn’s Park Slope neighborhood. An undisclosed buyer acquired the property from Haysha Deitsch for $84 million. The nine-story, 169,410-square-foot building is positioned to be converted into residences. The property overlooks Prospect Park and Grand Army Park and features frontage on Prospect Park West, Union Street and President Street. Ofer Cohen and Adam Hess of TerraCRG brokered the transaction.

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one-metlife-way-hanover-nj
LoansNew JerseyNortheastOffice

Bellwether Enterprise Closes $68.9M Acquisition Loan for Office Building in Hanover Township, New Jersey

by Amy Works

HANOVER, N.J. — Bellwether Enterprise Real Estate Capital has closed a $68.9 million loan for the acquisition of One MetLife Way, the global headquarters for MetLife Investments located in Hanover Township. C. Cooper Willis of Bellwether arranged the loan, which was provided by Morgan Stanley, to the borrower, Salus Government Properties. The Class A building features 185,000 square feet of office space and an extensive park-like exterior with seating and lounge area, amphitheater, waterfall and fire pit.

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341-eastern-parkway-brooklyn-ny
MultifamilyNew YorkNortheast

Pacolet Milliken Enterprises Acquires 63-Unit Apartment Building in Brooklyn for $52M

by Amy Works

NEW YORK CITY — Pacolet Milliken Enterprises, a privately owned investment company controlled by the shareholders of Milliken & Co., has acquired an apartment building located at 341 Eastern Parkway in the Crown Heights section of Brooklyn. An undisclosed seller sold the building for $52 million. The newly constructed property features 63 apartments and ground-floor retail leased to Capital One, Starbucks Coffee and Statcare Urgent Medical Care. Scott Burk of Eastern Consolidated represented the buyer, while Matt Sparks and Alexandrea Rossland, also of Eastern Consolidated, along with Bluejay Management represented the seller in the transaction.

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221-bergen-st-harrison-nj
MultifamilyNew JerseyNortheast

HFF Brokers Sale of 104-Unit Apartment Building in Harrison, New Jersey

by Amy Works

HARRISON, N.J. — HFF has arranged the sale of 221 Bergen, an apartment building located at 221 Bergen St. in Harrison. The TAK Group acquired the 104-unit property from a joint venture between The Hampshire Companies and CrownPoint Development Group for an undisclosed price. Constructed in 2015, the property features studio, one- and two-bedroom market-rate units with high-end finishes, including stainless steel appliances, quartz countertops, wood cabinetry, pendant lighting, faux wood plank flooring and in-unit washers and dryers. On-site amenities include a 24-hour fitness center, resident lounge, business center, smartphone security/intercom system, remote-operated garage parking and a furnished rooftop terrace. Jose Cruz, Kevin O’Hearn, Stephen Simonelli, Michael Oliver and Marc Duval of HFF represented the seller in the deal.

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washington-valley-road-martinsville-nj
New JerseyNortheastRetail

Marcus & Millichap Arranges $3.5M Sale of Retail Property in Martinsville, New Jersey

by Amy Works

MARTINSVILLE, N.J. — Marcus & Millichap has brokered the sale of a retail property located on Washington Valley Road in Martinsville. A private investor acquired the property for $3.5 million. The strip center features 15,103 square feet of retail space. Michael Lombardi and Joseph Cunder of Marcus & Millichap represented the seller, a private investor, and the buyer in the transaction.

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District of ColumbiaOfficeSoutheast

Invesco Sells The Executive Building in Downtown D.C. for $228M

by John Nelson

WASHINGTON, D.C. — Invesco Real Estate has sold The Executive Building, a 332,022-square-foot, LEED Gold-certified office building in downtown Washington, D.C. UNIZO Holdings Co. Ltd. purchased the Class A asset from Invesco for $228 million. Stephen Conley, Andrew Weir, Jim Meisel, Dek Potts and Matt Nicholson led the HFF investment sales team representing the seller. HFF also procured UNIZO Holdings. Located at 1030 15th St. N.W., The Executive Building is situated in close proximity to the McPherson Square and Farragut North and West Metrorail stations; across from Midtown Center, the future Fannie Mae headquarters; and three blocks from the White House. Completed in 2008, the 12-story building is 93 percent leased to tenants such as The Atlantic Council of the United States and National Quality Forum. The property’s amenity package features a tenant-only fitness center, conference facilities, concierge, on-site retail space and a 178-space underground parking facility.

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FloridaLoansMultifamilySoutheast

Berkadia Arranges $70M Loan for Multifamily Property in Key West

by John Nelson

KEY WEST, FLA. — Berkadia has arranged a $70 million loan for the refinancing of Ocean Walk, a 296-unit multifamily property in Key West. The recently renovated community features one-, two- and three-bedroom units with upgraded cabinetry and finishes, stainless steel appliances and plank flooring. Community amenities include a swimming pool, basketball court, tennis court and a nearby jogging trail. Mitch Sinberg, Brad Williamson and Matt Robbins of Berkadia arranged the Fannie Mae loan on behalf of the borrower, a joint venture between Mast Capital and Rockpoint Group.

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MarylandMultifamilySoutheast

Fore Property, PCCP to Develop Apartment Community in Metro D.C.

by John Nelson

HYATTSVILLE, MD. — Fore Property Co. has formed a joint venture with PCCP LLC to develop The Edition, a five-story, Class A apartment community located at 3401 East-West Highway in downtown Hyattsville, roughly six miles north of Washington, D.C. Situated on a 3.7-acre site, The Edition will be part of an 11-acre mixed-use development that formerly housed a Kiplinger magazine publishing plant. The Edition’s amenities will include an outdoor recreational area with billiards, ping pong, barbecue stations and a fire pit. The community will also include a 412-space parking deck. The unit mix will consist of 72 studios, 148 one-bedroom units, 113 two-bedroom units and 18 three-bedroom units. Fore Property and PCCP are aiming for The Edition to be certified LEED Silver upon completion, which is scheduled for spring 2019.

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HospitalityKentuckyLoansSoutheast

KeyBank Arranges $12.1M CMBS Loan for SpringHill Suites Hotel in Louisville

by John Nelson

LOUISVILLE, KY. — KeyBank Real Estate Capital has arranged a $12.1 million CMBS loan for SpringHill Suites Louisville Airport, a 75,000-square-foot hotel situated directly north of Louisville International Airport. Located at 820 Phillips Lane, the hotel features a market, meeting room, coffee station, business center, breakfast buffet, fitness center and an indoor swimming pool. Jake Proctor of KeyBank arranged the fixed-rate, non-recourse loan.

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MississippiRetailSoutheast

NAI UCR Properties Brokers Sale of Two Net-Leased Retail Properties in Metro Jackson for $3.8M

by John Nelson

RIDGELAND AND BYRAM, MISS. — NAI UCR Properties has brokered the sale of two triple-net leased retail properties in the metro Jackson area totaling $3.8 million. The properties include a multi-tenant, 21,000-square-foot center located at 950 E. County Line Road in Ridgeland and a 4,500-square-foot, single-tenant facility leased to Drayer Physical Therapy Institute at 7213 Siwell Road in Byram. Micah McCullough of NAI UCR represented the seller, a private local investor.

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