Property Type

Lincoln-Logistics-Rockland-Valley-Cottage-New-York

National Ramp Signs 109,450 SF Industrial Lease in Valley Cottage, New York

by Taylor Williams March 28, 2025

VALLEY COTTAGE, N.Y. — National Ramp has signed a 109,450-square-foot industrial lease in Valley Cottage, about 30 miles north of New York City. The space is located within Lincoln Logistics Rockland, a distribution facility that features a clear height of 36 feet, 34 dock doors and parking for 123 cars and 41 trailers. James Panczykowski of JLL and Adam Petrillo of Newmark represented the landlord, a partnership between Lincoln Equities and PCCP LLC, in the lease negotiations. National Ramp was self-represented.

March 28, 2025

Leasing Activity New York Northeast Office

RD Management Subleases 17,363 SF of Office Space in Midtown Manhattan

by Taylor Williams March 28, 2025

NEW YORK CITY — RD Management has subleased 17,363 square feet of office space at 1745 Broadway in Midtown Manhattan. The space spans part of the seventh floor of the 26-story, 780,525-square-foot building. Richard Bernstein, Adam Ardise, Stephen Bellwood, Lei-Lani Keelan and Troy Elias of Cushman & Wakefield represented the sublandlord, Penguin Random House, in the negotiations. Ben Shapiro, Bill Levitsky and Matt Augarten of Newmark represented RD Management. Invesco Real Estate owns 1745 Broadway.

March 28, 2025

Arizona Development Loans Multifamily Western

ZOM Living Secures $88M in Financing, Breaks Ground on 416-Unit Azola Desert Ridge in Phoenix

by Amy Works March 28, 2025

PHOENIX — ZOM Living has secured financing for the development of Azola Desert Ridge, a multifamily community in Phoenix. The funding includes a joint venture equity investment from Origin Investments and construction financing totaling $88 million. Located along the Loop 101 Freeway at 56th Street, Azola Desert Ridge will offer 416 apartments spread across four-story buildings in a garden-style multifamily community that is slated to deliver by third-quarter 2026. Azola Desert Ridge will offer one-, two- and three-bedroom units ranging from 730 square feet to 1,533 square feet, a resort-style pool and deck, a fitness center, dog park, pet grooming salon, a glam room, podcast room, individual offices for residents and a self-service market along with lounge areas. Mike Higgins, Asher Gunter, Matt Pesch and Austin Groen of CBRE Multifamily Equity Advising team represented the sponsor to arrange the joint venture equity investment with Origin Investments.

March 28, 2025

Acquisitions California Office Western

Barker Pacific Group, Kingsbarn Realty Capital Buy Mission Ridge Office Property in California for $32M

by Amy Works March 28, 2025

MISSION VIEJO, CALIF. — Barker Pacific Group and Kingsbarn Realty Capital have acquired Mission Ridge, two four-story office buildings in Mission Viejo, from Barings for $32 million. Situated on 10.2 acres at 27101 and 27201 Puerta Real, Mission Ridge offers 233,531 square feet of multi-tenant office space. The property was originally built in the early 2000s and renovated in 2021. Renovations include new lobbies, refreshed restrooms, a new conference center and tenant lounge, and a refreshed fitness facility with showers and locker rooms. Sean Sullivan, Todd Tydlaska, Anthony DeLorenzo, Sammy Cemo, Bryan Johnson and Grant Goldman of CBRE Investment Properties represented the seller in the deal. CBRE’s Sullivan, Tydlaska, DeLorenzo, Mike Longo, Grant Goldman, Bryan Johnson and Melissa Moock handled the transaction for the buyer. Greg Grant and Pete Obradovich of CBRE secured acquisition financing for the buyer. BPG will manage the property, while the existing CBRE lease team was retained to handle leasing for the asset.

March 28, 2025

Loans Multifamily Washington Western

Gantry Arranges $11M Refinancing for Grandview Place Apartments in Camas, Washington

by Amy Works March 28, 2025

CAMAS, WASH. — Gantry has secured an $11 million permanent loan to refinance maturing debt for Grandview Place Apartments in Camas, a suburb of Vancouver, Wash. Situated on 6.5 acres at 19420 SE 20th St., Grandview Place Apartments offers 154 one-, two- and three-bedroom floor plans spread across 21 buildings. Community amenities include a resort-style pool and clubhouse, fitness club facilities, executive business center, modern unit interiors and onsite storage units among other amenities. Blake Hering and Abi Hunter of Gantry represented the borrower, a private real estate investor, in arranging the 10-year, fixed-rate loan that was secured through a correspondent life company lender. Gantry will service the loan, which features a 30-year amortization.

March 28, 2025

Acquisitions Nevada Retail Western

S&S Pahrump Sells Three Retail Buildings within Pahrump Valley Junction in Nevada

by Amy Works March 28, 2025

PAHRUMP, NEV. — San Diego-based S&S Pahrump has completed the sale of three retail buildings within Pahrump Valley Junction, a 140,000-square-foot retail center in Pahrump. Phoenix-based Pahrump Valley KRD acquired the assets for an undisclosed price. The transaction includes three buildings totaling 37,850 square feet on 3 acres. The buildings offer 19 retail suites and one pad within the larger shopping center, which is anchored by Albertsons, CVS and an ARCO service station. The buildings are located at 150, 240 and 250 Highway 160. Max Stone, Josh Salik and Michael Paul of Voit Real Estate Services represented the seller, while John Whistler of Las Vegas-based JW Michaels Commercial represented the buyer in the deal.

March 28, 2025

Acquisitions California Office Western

Marcus & Millichap Negotiates Sale of 23,500 SF Cobblestone Professional Office Building in Placentia, California

by Amy Works March 28, 2025

PLACENTIA, CALIF. — Marcus & Millichap has negotiated the sale of Cobblestone Professional Office Building, an office property located at 201-261 Lakeview Ave. in Placentia. The asset traded for $5.7 million. Alex Tobin and Parker Bittner of Marcus & Millichap represented the private seller, while Dale Schrieber of Keller Williams procured the buyer, a private investor, in the deal. Cobblestone Professional Office Building offers 23,500 square feet of office space. At the time of sale, the property was occupied by tenants with leases that were all month-to-month, allowing the buyer to renovate the space for the tenant needs.

March 28, 2025

Development Georgia Multifamily Southeast

Partnership Completes 330-Unit Parker Apartments in Acworth, Georgia

by John Nelson March 28, 2025

ACWORTH, GA. — A partnership between Novare Group, Batson-Cook Development Co. (BCDC) and PointOne Holdings has completed The Parker, a luxury apartment community in Acworth, approximately 26 miles northwest of Midtown Atlanta. The community totals 330 one-, two- and three-bedroom units, including 20 carriage homes with private garages. Amenities at the property include a resort-style swimming pool and sun deck, fitness center, outdoor entertainment pavilion with grilling stations, clubhouse, coworking spaces, coffee bar and a centralized green space designed for community events and recreation. Monthly rental rates for The Parker begin at $1,499, according to Apartments.com.

March 28, 2025

Development Florida Southeast Student Housing

Portman, 908 Group Launch Vertical Construction on 674-Bed Student Housing Development Near Florida State University

by John Nelson March 28, 2025

TALLAHASSEE, FLA. — A joint venture between Portman and 908 Group has launched vertical construction on The Hall, a 674-bed student housing development located directly across from Florida State University’s College of Business in Tallahassee. The community will offer 191 units across two mid-rise buildings. Amenities will include a rooftop pool, fitness center, 7,269 square feet of ground-floor retail space and 452 parking spaces. The development team includes Canyon Partners Real Estate and PTM Partners. The Hall is slated for completion in summer 2026.

March 28, 2025

Acquisitions Michigan Midwest Retail

Marcus & Millichap Brokers $23.8M Sale of Retail Power Center in Canton, Michigan

by Kristin Harlow March 28, 2025

CANTON, MICH. — Marcus & Millichap has brokered the $23.8 million sale of Willow Creek Shopping Center in Canton. The 161,626-square-foot power center was built on 18 acres in 2004. Michaels and Marshalls are original tenants at the property, which is fully leased to eight tenants. The other retailers include Dunham’s, Crate & Barrel, Dollar Tree, Kirkland’s, Five Below and Direct Optical of Canton. Ashish Vakhariya, Darin Gross and Seth Haron of Marcus & Millichap represented the seller and procured the buyer, neither of which were disclosed.

March 28, 2025

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