Thursday, July 30, 2026
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NortheastOffice

PETEC SELLS 8,223 SF OFFICE BUILDING IN ROXBURY, N.J.

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ROXBURY, N.J. — NAI James E. Hanson has arranged the $790,000 sale of an 8,223-square-foot office building at 195 Route 206 South in Roxbury. Joseph Vindigni of NAI James E. Hanson represented the seller, PETEC, and secured the buyer, KCKJ EAST, in the transaction. The space is partially occupied by the sales and administrative offices of Delta Cooling Towers. NAI Hanson has been retained as the leasing agent for the remaining space. Located on 1.4 acres, the two-story building features basement space, alarm and in-ground sprinkler systems, a two-bay garage and 37 parking spaces.

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MultifamilyTexas

JLL ARRANGES FOUR MULTIFAMILY SALES TOTALING $120M

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DALLAS — Jones Lang LaSalle (JLL) has brokered the sales of four Dallas/Ft. Worth-area multifamily properties for a combined purchase price of $120 million. The properties include Park Gates at City Place in Dallas, Republic Park Vista in Ft. Worth and Silverado Apartments and The Albion at Frisco Bridges in Frisco, a northern suburb of Dallas. Jeff Price, JLL’s managing director, and Bill Simmons, senior vice president, led the brokerage team in all four transactions.

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OfficeTexas

AEW BUYS 350,000 SF OFFICE PROPERTY IN HOUSTON’S ENERGY CORRIDOR

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HOUSTON — AEW Capital Management, a Boston-based real estate investment firm, has purchased Eldridge Oaks, a 350,000-square foot office building and an adjacent seven-acre lot in Houston’s Energy Corridor. The 14-story, Class A facility was 100 percent leased at time of sale. A second building of similar size is under consideration for the currently empty parcel, but no construction plans have yet been released. The seller is a joint venture that includes Hartford, Conn.-based Cornerstone Real Estate Advisers LLC acting on behalf of an institutional client.

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MultifamilyTexas

MARCUS & MILLICHAP BROKERS SALE OF 720-UNIT APARTMENT PROPERTY

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GRAND PRAIRIE, TEXAS — Marcus & Millichap Real Estate Services has arranged the sale of Windridge, a 720-unit apartment complex in Grand Prairie, to Milwaukee-based MLG Capital. Built in 1987 at 2301 East Avenue H, the property includes amenities such as three swimming pools, two spas, an executive business center and lighted mailboxes. William Jarnagin and Michael Ware of Marcus & Millichap’s Dallas office represented the buyer as well as the seller, an out-of-state property owner.

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IndustrialTexas

CADENCE MCSHANE COMPLETES 181,067 SF BUILD-TO-SUIT IN HOUSTON

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HOUSTON — Cadence McShane Construction has completed a 181,067-square-foot build-to-suit for GAC Energy & Marine Services LLC at Central Green Business Park. The facility was built to meet LEED-CS (core and shell) certification and includes 31,309 square feet of office space and three acres of outdoor storage in addition to warehouse and distribution space. This was the fourth project built at Central Green Business Park by Cadence McShane on behalf of property owner Liberty Property Trust.

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HospitalityWestern

CIM GROUP BEGINS DEVELOPMENT ON SUNSET STRIP HOTEL, MULTIFAMILY PROJECTS

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WEST HOLLYWOOD, CALIF. — CIM Group has begun construction on two Sunset Strip projects in West Hollywood. The first is a 290-room, four-star hotel that will be located at 8490 Sunset Blvd. The hotel will contain two 10-story towers. The second is a 190-unit residential development with ground-floor retail that will be located at 8500 Sunset Blvd. It will contain two eight-story buildings. The projects will add about 500,000 square feet of hospitality, residential and retail space to the famed Sunset Strip. CIM initially purchased the fully entitled properties in November 2011.

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MultifamilyWestern

MULTIFAMILY PORTFOLIO SUN VALLEY COLLECTION HITS THE MARKET IN SAN FERNANDO

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CENTURY, CITY, CALIF. – A 157-unit multifamily portfolio referred to as the Sun Valley Collection has hit the market in the San Fernando Valley. The properties are housed in eight individual buildings that are all located within a one-block radius of each other in Sun Valley. They are being sold as cooperative stock units. The portfolio is being marketed by Pegasus Investments, which also represented the prior owner when it sold the collection in 2011. Since then, the new owner has invested in repairs and upgrades, bringing the portfolio to full occupancy.

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MultifamilyWestern

FOUR SEASONS APARTMENT COMMUNITY IN WESTMINSTER SELLS FOR $25M

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WESTMINSTER, COLO. – The 384-unit Four Seasons apartment community in Westminster has sold to BMC Investments for $25 million. The community is located at 2002 W. 76th Ave. just northwest of Denver. The company plans to invest an additional $2.4 million to upgrade and rebrand the property. It will be renamed Villas on 76th. The investment includes a $21-million Fannie Mae loan through Centerline Capital Group. The 10-year loan features a two-year interest-only period and a 30-year amortization schedule. BMC financed the equity internally. This is BMC’s first deal in 2013, though the firm acquired more than 1,600 units in 2012. The transaction was executed by Chuck Sweeney from Hendricks Berkadia. The seller was Belgarde Enterprises.

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OfficeWestern

MEDICAL, PROFESSIONAL OFFICE BUILDING IN LAS VEGAS CHANGES HANDS

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LAS VEGAS – A 47,501-square-foot medical and professional office building in Las Vegas has sold to MVP REIT Inc. $15 million. The building is part of a five-property portfolio that was recently acquired by the firm for $48.6 million. The Las Vegas asset is located at 8930 W. Sunset Road. It was built in 2008 and is 90 percent occupied by a mix of medical and professional tenants. Each tenant is bound by a triple-net lease that includes a five- to 10-year remaining term.

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OfficeWestern

XEBEC REALTY TO DEVELOP $33M INDUSTRIAL BUSINESS PARK IN AZUSA

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AZUSA, CALIF. — Xebec Realty Partnershas announced its plans to develop a $33-million, 330,000-square-foot industrial business park in Azusa. The park will be located at 1001 N. Todd Ave. It will be referred to as 10th Street Center. Construction on the Class A office park is set to commence in the fourth quarter of 2013. It is scheduled for completion in the fourth quarter of 2014. Leasing efforts are being handled by Peter McWilliams,Paul SablockandNicole Pageof Jones Lang LaSalle Los Angeles.

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