Thursday, June 4, 2026
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Bay House Miami East Edgewater
FloridaMultifamilySoutheast

Melo Group Completes 38-Story Condo Tower in Miami

by John Nelson

MIAMI — Melo Group has completed the construction of Bay House, a 165-unit, 38-story luxury condominium tower in Miami’s East Edgewater District. The building is located at 600 N.E. 27th Ave. and features two-story penthouse units spanning 2,766 to 3,512 square feet that include private rooftop decks. The project’s other units range in size from 1,581 to 1,720 square feet. Bay House’s amenities include a 20,000-square-foot resort deck with a swimming pool, Jacuzzi, outdoor lounge, cabanas and barbeque pavilion. Roughly 99 percent of the units are sold, with prices ranging from $2 million and up. Melo Group plans to deliver a mix of 2,000 residential units over the next two years in the form of market-rate rental projects as well as luxury condominiums.

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Whetstone Apartments Durham
MultifamilyNorth CarolinaSoutheast

Cushman & Wakefield | Thalhimer Brokers $35.6M Sale of New Apartment Community in Durham

by John Nelson

DURHAM, N.C. — Cushman & Wakefield | Thalhimer has brokered the $35.6 million sale of Whetstone Apartments, a 204-unit apartment community located in downtown Durham. Armanda Hoffler recently developed the property, which is within walking distance to American Tobacco and Durham Bulls Stadium. Allan Lynch and Justin Good of Cushman & Wakefield | Thalhimer’s Raleigh office represented the seller, Tribridge Residential Inc., in the transaction.

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FloridaRetailSoutheast

CBRE Brokers $27.2M Sale of Retail Building in Downtown Miami

by John Nelson

MIAMI — CBRE has brokered the $27.2 million sale of Vizcayne Retail in downtown Miami. The property consists of 55,000 square feet of ground-floor retail space plus 126 parking spaces, located at the base of two 49-story condominium towers at the intersection of Biscayne Boulevard and N.E. 2nd Street. Built in 2008, the property was 68 percent leased at the time of sale to tenants such as CVS and The Learning Experience. An affiliate of Stoltz Real Estate Partners purchased the asset from an affiliate of Rockwood Capital. Casey Rosen and Dennis Carson of CBRE led the team in representing the seller.

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30 West Apartments Bradenton
FloridaMultifamilySoutheast

Marcus & Millichap Brokers $25M Sale of Apartment Community in Florida

by John Nelson

BRADENTON, FLA. — Marcus & Millichap has brokered the $25 million sale of 30 West Apartments, a 264-unit apartment community located at 2835 50th Ave. W. in Bradenton. All units at 30 West feature screened-in patios or balconies and storage closets, ceiling fans and walk-in closets. Community amenities include two lighted tennis courts, an on-site laundry facility, fitness center, playground, dog-park, clubhouse, resort-style pool, outdoor kitchen with two gas grills and a pond with park benches and picnic tables. Frank Carriera and Michael Regan of Marcus & Millichap’s Tampa office represented the seller, Insula Cos., and procured the buyer, Timberland Properties.

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CaliforniaIndustrialWestern

Magnolia Point Industrial Building in Corona Sells for $20M

by Nellie Day

CORONA, CALIF. – Magnolia Point, a 201,345-square-foot industrial building in Corona, has sold to Padma Laxmi LLC for $20 million. The facility is located at 1560 E. 6th Street. It was built in 2014. The buyer plans to occupy most of the building. It will lease the remaining space. The LLC was represented by Ted Sawyer and Jim deRegt of Lee & Associates-Newport Beach. The seller, CT Corona Partners I LLC, was represented by Jeff Ruscigno of Lee & Associates-Riverside and CBRE’s Ben Seybold.

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ArizonaOfficeWestern

ViaWest Group Sells Crossroads of Tempe for $17.2M

by Nellie Day

TEMPE, ARIZ. – ViaWest Group has sold Crossroads of Tempe, a 96,691-square-foot office complex, to Held Properties for $17.2 million. The property is located at 303 & 309 W. Elliot Road in Tempe. It is 96 percent occupied. Notable employers in the area include Go Daddy, AVNET, Qualcomm, Iridium Satellite, Intel, Motorola, Honeywell, Xerox, Microsoft, Bank of America, Wells Fargo, eBay/PayPal and AT&T. Held Properties was represented by Chris Toci and Chad Littell of Cushman & Wakefield of Arizona, and by Mark Gustin, Karsten Petersen and Dave Seeger of Jones Lang LaSalle. ViaWest will continue to manage the property. The Jones Lang LaSalle team will serve as the leasing agents.

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CaliforniaIndustrialWestern

SR Commercial Buys Temecula Industrial Property for $7M

by Nellie Day

TEMECULA, CALIF. – SR Commercial has purchased a 100,600-square-foot industrial property in the Riverside submarket of Temecula for $6.9 million. The facility is located at 26201 Ynez Road. It is fully occupied by Get Air of Temecula and Mountain View Community Church. SR Commercial will make exterior improvements to the property, including roof repairs and exterior paint. It will also update the landscaping and freeway façade. CBRE’s Rob Guiness and Scott Stewart represented both the buyer and seller, Liberty Advisors LLC, in this transaction.

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lakewood-village
RetailTexas

NorthMarq Capital Arranges $6.5M Refinance of Retail Center in Dallas

by Haisten Willis

DALLAS — NorthMarq Capital’s Dallas-based regional office has arranged the $6.5 million refinancing of Lakewood Village Shopping Center, a 50,964-square-foot Dallas retail center located at 6434-6444 E. Mockingbird Lane in Dallas. The transaction was structured with a fully amortizing 20-year term. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.

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