Friday, August 14, 2026
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HospitalitySoutheast

SAGE, WHITMAN PETERSON BUY 825-ROOM COURTYARD BY MARRIOTT PORTFOLIO

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ATLANTA — Sage Hospitality has purchased six Courtyard by Marriott hotels in partnership with Whitman Peterson, including three in Georgia. The deal includes the 146-room Courtyard by Marriott 75 North in Marietta, the 127-room Courtyard by Marriott Atlanta Windy Hill in Atlanta and the 131-room Courtyard by Marriott Atlanta Norcross Peachtree Corners in Atlanta. Al Calhoun and Mark Fair of Jones Lang LaSalle represented the seller, an affiliate of Clarion Partners LLC. The additional properties are located in other “key select service markets,” in Dallas and Southfield, Mich., according to Calhoun. “The portfolio has the ability to substantially increase RevPar penetration, grow NOI and provide strong investment returns.”

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OfficeSoutheast

DOCKERTY ROMER & CO. ARRANGES $16.4M IN PERMANENT FINANCING

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BOCA RATON, FLA. — Bob Dockerty of Dockerty Romer & Co. has arranged $16.4 million in permanent mortgage financing for a 60,000-square-foot office building, along with a 105,000-square-foot warehouse space and a 17,000-square-foot Office Depot store in Boca Raton. Florida Community Bank provided the 10-year, fixed-rate loan for the borrower, Reel State Adventures and Southern State Properties Inc. The property is located on the north side of Glades Road at 123 N.W. 13th St.

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Seniors HousingSoutheast

LOVE FUNDING ARRANGES $15M FOR MISSISSIPPI SKILLED NURSING PORTFOLIO

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AMORY, MISS. — Love Funding has arranged three loans totaling $15 million to refinance a portfolio of skilled nursing facilities in Mississippi. Laura Saull-Smith of Love Funding obtained the loans through the U.S. Department of Housing and Urban Development's Section 232/223(a)(7) LEAN program. The properties include the River Place Nursing Center in Amory, The Nichols Center in Madison and The Carrington Nursing Center in Starkville. All three facilities are operated by Briar Hill Management LLC and include 105 units.

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RetailSoutheast

PEMBROKE PINES PLACE SELLS RETAIL PROPERTY FOR DEVELOPMENT OF CHASE BANK

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PEMBROKE PINES, FLA. — 150 NW 180th Street LLC has acquired a retail property that is fully leased to Chase Bank in Pembroke Pines. The sale included a 1.8-acre site subject to a new 20-year, triple-net ground lease. A new 4,713-square-foot Chase Bank, with drive-thru lanes, will be completed on the site this year. Todd Weintraub and Dave Donnellan of CBRE represented the seller, Pembroke Pines Place, a Florida-based private developer, in the transaction.

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RetailSoutheast

MARCUS & MILLICHAP BROKERS BOCA RATON RETAIL DEAL FOR $5M

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BOCA RATON, FLA. — Marcus & Millichap has arranged the $5 million sale of a Sound Advice, a vacant retail building and development site situated on two adjacent parcels in Boca Raton. 331-335 Yamato Road includes Sound Advice, an electronics retailer, and a vacant retail building formerly housed by Pizza Hut. The property also includes 99 parking spaces. Douglas Mandel and Benjamin Silver of Marcus & Millichap represented the seller, a private real estate company in Boca Raton, in the transaction. Mandel and Silver also represented the buyer, a limited liability company.

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HealthcareMidwest

COX HEALTH PLANS $130M EXPANSION IN SPRINGFIELD, MO.

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SPRINGFIELD, MO. — CoxHealth is moving forward with plans to build a $130 million, 310,000-square-foot patient tower that will connect to the northwest portion of Cox Medical Center South in Springfield. The nine-story tower will house a women and children’s hospital, a neuroscience hospital and includes 80 patient beds and room for future expansion. The additional beds in the tower will allow Cox South to transition its semiprivate rooms to private rooms. The Beck Group, based in Dallas, will design the facility. A general contractor has not been chosen. CoxHealth plans to break ground in May with a goal of opening the new tower by Thanksgiving 2014.

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MidwestMultifamily

JOINT VENTURE ACQUIRES CHICAGO STUDENT HOUSING TOWER FOR $58.5M

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CHICAGO — A joint venture between Atlas Real Estate Partners, Marc Real Residential and Angelo, Gordon and Co. has acquired 2 E. 8th St., a 330-unit student housing property in Chicago, for $58.5 million. Located in Chicago's South Loop, the 28-story high-rise building is close to Columbia College, Roosevelt University and more than 20 other schools. The property includes 882 beds, 20,000 square feet of ground-floor retail and a four-story parking garage. At the time of sale, the property was 96 percent leased. Chris Bancroft and Chris Epp of ARA Student Housing Group and Susan Lawson and Todd Stofflet of ARA Chicago represented the seller, Philadelphia-based Equus Capital Partners Ltd., formerly BPG Properties Ltd., in the transaction.

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MidwestMixed-Use

WALTER TOWER REALTY HIRES @PROPERTIES AS LEASING AGENT FOR CHICAGO BUILDING

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CHICAGO — Water Tower Realty has hired @properties Commercial to lease 26,000 square feet of retail space and 8,000 square feet of office space in the historic Marshall Field & Co. building in downtown Oak Park. The building was built in 1929 as a miniature replica of Marshall Field’s landmark State Street store. Field’s occupied the property until 1986. It was added to the National Register of Historic Places in 1988. Most recently, the retail space was leased to Borders bookstore, which closed in 2011. Dan Stratis and Larry Cohn of @properties Commercial are the leasing agents for the 91,451-square-foot building located at 1144 Lake St.

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NortheastOffice

SKANSKA, EF EDUCATION HOST TOPPING OUT CEREMONY FOR 300,000 SF BUILDING

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CAMBRIDGE, MASS. — Skanska USA and EF Education First (EF) hosted a topping out ceremony for EF’s new $66.5 million, 300,000-square-foot North American headquarters in Cambridge on Friday. The 10-story building will include office and academic space for EF. Upon completion, the building’s entrance will feature a glass curtainwall resembling a waterfall running down the south and east facades of the building. The ground floor will include mezzanine space to be used for dining, building services and other purposes. Along with constructing the building, Skanska will also build three levels of above-ground parking with approximately 125 parking spaces for employees and visitors. Skanska is building the headquarters to LEED Silver standards. The project broke ground in September 2012 and 33 percent of the building’s core and shell is complete. Construction is slated for completion by fall 2014.

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MultifamilyNortheast

UNITED REALTY ACQUIRES 86,360 SF MULTIFAMILY PROPERTY IN NYC FOR $22.9M

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NEW YORK CITY — United Realty Trust Inc. has acquired Tilden House, a 117-unit multifamily property in Brooklyn, through a joint venture with the seller for $22.9 million. Completed in 2007, Tilden House is a nine-story, 86,360-square-foot building, with community facility space and indoor and outdoor parking. The property is located at 2520 Tilden Ave. in the East Flatbush area of Brooklyn. Tilden House is leased to a community development corporation, which has entered into a services agreement with the city of New York to provide transitional housing for families in need.

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