Property Type

Northmarq Arranges $6M Sale of Apartment Complex in Baltimore

by Abby Cox November 17, 2025

BALTIMORE — Northmarq has arranged the $6 million sale of The Baltimorean Apartments, a 66-unit complex located near Johns Hopkins University in Baltimore. Ari Azarbarzin, Anthony Pino, Wallace Halpert and Jamie Grant of Northmarq represented the seller, an entity doing business as 2905 N. Charles Street LLC, in the transaction. Real Estate Dimensions was the buyer. This transaction marks the first time the property has been sold since 1994. Originally built in 1927, The Baltimorean offers a mix of studios, one- and two-bedroom apartments, with units averaging 385 square feet in size. The property features two elevators, a fitness room, management office and a laundry room.

November 17, 2025

Acquisitions Loans Retail South Carolina Southeast

Eastern Union Secures $2.9M Acquisition Financing for Arcadia Lakes Shopping Center in Columbia, South Carolina

by Abby Cox November 17, 2025

COLUMBIA, S.C. — New York-based Eastern Union has secured $2.9 million in financing for the acquisition of Arcadia Lakes Shopping Center, a 33,684-square-foot retail center located at 6432 Two Notch Road in Columbia. Marc Tropp of Eastern Union arranged the five-year mortgage on behalf of the buyer, CityWide Properties. The loan features a 75 percent loan-to-cost ratio and a 6.65 percent interest rate. Proceeds of the loan were used for the purchase of the shopping center, as well as for a line of credit for tenant improvements and leasing commissions. CityWide Properties is planning to upgrade the property with new exterior lighting and paint, parking lot repaving and striping and fresh landscaping. Tenants at the property include Rent-A-Center, Pizza Hut, Boost Mobile and Heights Finance.

November 17, 2025

Loans Mississippi Southeast Student Housing

TSB Capital Advisors Arranges Refinancing for 531-Bed Student Housing Community Near Mississippi State University

by Abby Cox November 17, 2025

STARKVILLE, MISS. — TSB Capital Advisors has arranged the refinancing for The Walk Starkville, a 531-bed student housing community located near the Mississippi State University campus in Starkville. TSB arranged the fixed-rate loan on behalf of Spaces Management. Terms of the financing were not released. Developed in 2023, The Walk Starkville offers 249 units in one-, two-, three-, four- and five-bedroom floorplans. Amenities include a resort-style swimming pool, fitness center and yoga studio, spa with a sauna and steam room, an entertainment courtyard with a TV and multiple lounge areas, as well as a clubhouse with a golf simulator, gaming lounge and private study areas.

November 17, 2025

Acquisitions Hospitality New Jersey Northeast

JLL Brokers Sale of 122-Room, Marriott-Branded Hotel in Northern New Jersey

by Taylor Williams November 17, 2025

FAIRFIELD, N.J. — JLL has brokered the sale of the 122-room Courtyard by Marriott Wayne Fairfield hotel in Northern New Jersey. Built in 2018, the four-story hotel features 73 standard king rooms, 36 standard two-queen rooms, seven extended two-queen rooms, four king suites and two queen suites. Amenities include an indoor pool, fitness center, onsite restaurant and 1,587 square feet of meeting and event space. Phil White of JLL represented the seller, RiverLink Hotels, in the deal. Jillian Mariutti, also with JLL, arranged acquisition financing through M&T Bank on behalf of the buyer, Concord Hospitality.

November 17, 2025

Acquisitions Multifamily New Jersey Northeast

Berkadia Arranges $10.7M Sale of Northern New Jersey Apartment Complex

by Taylor Williams November 17, 2025

ORANGE, N.J. — Berkadia has arranged the $10.7 million sale of Lincoln Manor Apartments, a 68-unit apartment complex in the Northern New Jersey community of Orange. According to Apartments.com, the building exclusively offers one-bedroom units with an average size of 1,000 square feet. Nat Gambuzza and Tim Blashford of Berkadia represented the seller, Layna Investments LLC, in the transaction and procured the buyer, FM Equities LLC.

November 17, 2025

Industrial Leasing Activity New Jersey Northeast

Cangso Global Signs 50,000 SF Industrial Lease in Edison, New Jersey

by Taylor Williams November 17, 2025

EDISON, N.J. — Cangso Global Inc. has signed a 50,000-square-foot industrial lease in the Central New Jersey community of Edison. The provider of fulfillment services for e-commerce companies is taking space at the building at 240 Mill Road. Jianning Meng of Lee & Associates represented the tenant in the lease negotiations. Heller Industrial Parks Inc. owns the building.

November 17, 2025

Leasing Activity New York Northeast Retail

Nordstrom Rack Opens 25,000 SF Store in Lake Grove, New York

by Taylor Williams November 17, 2025

LAKE GROVE, N.Y. — Nordstrom Rack has opened a 25,000-square-foot store in Lake Grove, located on Long Island. The space is located within the 150,000-square-foot Smith Haven Plaza shopping center. Other tenants at the shopping center include Trader Joe’s, Old Navy, Athleta and Ulta Beauty. A partnership between Breslin Realty Development Corp. and Colin Development LLC owns Smith Haven Plaza.

November 17, 2025

California Development Multifamily Western

Sudberry Properties Opens 200-Unit The Brynn Apartment Community in San Diego

by Amy Works November 17, 2025

SAN DIEGO — Sudberry Properties has opened The Brynn, the fourth apartment community at its 230-acre Civita at Mission Valley in San Diego. Situated on 3.3 acres at 2525 Via Alta, the property features 200 one-, two- and three-bedroom apartments in 19 floor plan options, ranging in size from from 612 square feet to 1,455 square feet. Units feature private patios or balconies, nine-foot ceilings, hardwood-style flooring in main areas, carpeting in bedrooms, fully equipped kitchens with LG Energy Star stainless steel appliances, quartz countertops and full-size washers/dryers. Community amenities include a pool and spa area with barbecues, lounges and fire pits, an indoor/outdoor bar, a recreation center, courtyards and a fitness studio with cardio equipment and strength training options. Additionally, The Brynn is linked to Civita Park amenities via a short trail. The project team includes Rockwood Construction, AO, RICK and Design Tec Inc. Sudberry Properties will provide property management services for The Brynn at Civita.

November 17, 2025

Acquisitions Colorado Development Multifamily Western

Garrett Cos. Acquires 12.6-Acre Parcel in Englewood, Colorado for Multifamily Development

by Amy Works November 17, 2025

ENGLEWOOD, COLO. — Colorado-based The Garrett Cos. has acquired a 12.6-acre development site at 8600 S. Valley Highway in Englewood, from Grace Chapel for an undisclosed price. The buyer is developing Garrett Park Meadow, a 317-unit apartment property on the site. Currently under construction, the community will feature a clubhouse with full amenities and six four-story residential buildings with a mix of one-, two- and three-bedroom units. Eric Roth, Martin Roth and Chris Cowan of CBRE represented the seller in the deal.

November 17, 2025

Acquisitions Arizona Retail Western

Phoenix Commercial Advisors Brokers Sale of Sprouts Farmers Market-Anchored Retail Center in Phoenix

by Amy Works November 17, 2025

PHOENIX — Phoenix Commercial Advisors has arranged the sale of Ninety Nine Ave, a grocery-anchored retail property in Phoenix. A private buyer acquired the asset from the developer for $30.7 million, or $650 per square foot, in an all-cash transaction. Situated on 5.2 acres on the northeast corner of 99th Avenue and McDowell Road, the property offers 47,201 square feet of retail space. At the time of sale, the property was 100 percent leased to a variety of tenants, including Sprouts Farmers Market, CAVA, Hand & Stone and Mountain Mike’s Pizza. Danny Gardiner and Chad Tiedeman of Phoenix Commercial Advisors represented the seller in the deal.

November 17, 2025

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