Friday, August 14, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Property Type

IndustrialNortheast

NORTHMARQ ARRANGES $59M MORTGAGE FOR CONDYNE INDUSTRIAL PORTFOLIO IN BOSTON

by admin

BOSTON — NorthMarq Capital has arranged $59 million in acquisition and mezzanine financing for the Condyne Industrial Portfolio located throughout the Boston area. The portfolio includes five buildings and a total of 1.5 million square feet of industrial space. Financing was based on a five-year term with one year of interest-only payments and a 29-year amortization schedule. NorthMarq arranged this financing for the borrower, Massachusetts Industrial LLC, through its relationship with a REIT. James Murphy of NorthMarq’s Boston regional office represented the borrower in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
NortheastOffice

BOSTON REALTY ARRANGES SALE OF A LANDMARK BUILDING IN CAMBRIDGE FOR $33.1M

by admin

CAMBRIDGE, MASS. — Boston Realty Advisors has arranged the sale of 39 JFK St., a landmark 20,570-square-foot retail and office building located in Cambridge’s Harvard Square, for $33.1 million. The mixed-use property was fully occupied at the time of sale. Tenants of the building include American Express, CVS/pharmacy, Kaplan, Whitney’s Café and Leo’s Place. Boston Realty Advisors represented the seller, 39 JFK LLC, and procured the buyer in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
MultifamilyNortheast

BET PURCHASES LINCOLN WOODS APARTMENTS FOR $29.3M

by admin

LAFAYETTE HILL, PA. — An affiliated company of BET Investments Inc. has acquired Lincoln Woods Apartments, located at 9801 Germantown Pike in Lafayette Hill, about 20 miles north of Philadelphia. TIAA-CREF sold the property for $29.3 million, according to the Philadelphia Inquirer. The multifamily property was 98 percent leased at the time of sale. The average unit size is 774 square feet. With the addition of Lincoln Woods, BET Investments and its affiliates now own more than 2,500 apartment units in the Philadelphia area.Berkadia Commercial Mortgage LLC originated a 10-year, $25.5 million loan through Fannie Mae’s DUS platform for the acquisition. Lizann McGowan and Robert Fahey of CBRE represented the seller in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
RetailTexas

NORTH HOUSTON TO RECEIVE FIRST WHOLE FOODS MARKET

by admin

HOUSTON — Houston-based Read King Commercial Real Estate has begun to develop a 40,443-square-foot Whole Foods Market. The store, which will be located at Louetta and Cutten roads in north Houston, will be the area's first Whole Foods store. The grocery chain will anchor the first phase of Vintage Marketplace, an 18-acre development within The Vintage, a 630-acre mixed-use development. Gensler Architects will design the new store, in addition to its 31,000 square feet of small shop space, and Arch-Con Corp. will serve as the project's general contractor. Read King was self-represented by Tony Patronella and Christie Amezquita in the land transaction. Read King worked directly with the seller, LCSE Limited Partnership. Amezquita also represented the landlord in the lease transaction with Whole Foods. Jeff Hayes and Tal McIver of New Quest Properties represented Whole Foods.

Continue Reading
FacebookTwitterLinkedinEmail
MultifamilyTexas

MARQUETTE COS. BUYS VERANDAS AT CITYVIEW IN FORT WORTH

by admin

FORT WORTH, TEXAS — The Marquette Cos., based in Naperville, Ill., has purchased the 314-unit Verandas at Cityview, a multifamily community located at 7301 Oakmont Blvd. in Fort Worth. The gated community features a swimming pool, fitness center, business center and TV lounge. Marquette plans to add a dog park, update the main entry, add new equipment for the coffee bar and renovate the office and clubhouse. The property is Marquette's fourth Texas property and second in the Dallas/Fort Worth area.

Continue Reading
FacebookTwitterLinkedinEmail
RetailWestern

RETAIL, OFFICE PORTFOLIO IN DOWNTOWN SAN LUIS OBISPO CHANGES HANDS

by admin

SAN LUIS OBISPO, CALIF. – A 10-property retail and office portfolio in downtown San Luis Obispo totaling 223,000 square feet has sold to Jamestown for an undisclosed sum. The retail portion contains seven assets, including Court Street Centre and Downtown Centre, and totals 195,000 square feet. Notable tenants throughout the properties include Barnes & Noble, Urban Outfitters, Pottery Barn, Abercrombie & Fitch, Express, Gap, Banana Republic, Victoria’s Secret and Apple. An additional 25,000 square feet is still available for lease. The office portion contains three properties bounded by Chorro, Osos, Monterey and Marsh streets that total 28,000 square feet.

Continue Reading
FacebookTwitterLinkedinEmail
Seniors HousingWestern

VALENCIA TERRACE SENIORS HOUSING FACILITY IN CORONA RECEIVES $30.5M

by admin

CORONA, CALIF. – The 203-unit Valencia Terrace seniors housing facility in Corona has received $30.5 million in financing. The community is located at 2300 South Main Street. It is currently 98 percent occupied. It provides both independent and assisted living options for residents. The 10-year, fixed-rate loan was used to refinance an existing construction loan by BBVA Compass. It features a 67 percent loan-to-value and a 30-year amortization schedule. The Fannie Mae loan was originated by Heidi Brunet of Berkadia Commercial Mortgage, LLC on behalf of Kisco Senior Living.

Continue Reading
FacebookTwitterLinkedinEmail
MultifamilyWestern

PROSPECT 400 APARTMENTS IN LA JOLLA SELLS FOR $29M

by admin

SAN DIEGO – The 60-unit Prospect 400 apartment community in the San Diego submarket of La Jolla has sold to unnamed buyers for $29 million. The community is located at 400 Prospect Street. The site used to serve as the summer home to famous newspaperman and La Jolla Beach and Tennis Clubdeveloper Frederick William Kellogg and his wife Florence Scripps before it was redeveloped in 1970. The seller, The Carolyn M. Holmer Irrevocable Trust, was represented by Jim Neil, Eric Comer and Merrick Matricardi of CBRE San Diego. The buyers represented themselves in this transaction.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts