Property Type

Boston-East

BOSTON — CBRE has brokered the sale of a 200-unit apartment complex in East Boston. Built in 2018 and known as Boston East, the six-story building houses studio, one-, two- and three-bedroom units and amenities such as a clubroom with meeting space, sky lounge and terrace, fitness center and community arts space. Simon Butler, Biria St. John, John McLaughlin and Brian Bowler of CBRE represented the seller, an affiliate of Los Angeles-based investment firm American Realty Advisors, in the transaction. CBRE also procured the buyer, Goldman Sachs Alternatives.

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NEW YORK CITY — HKS Real Estate Advisors has arranged a $30 million loan for the refinancing of a 65,787-square-foot mixed-use portfolio in New York City. The portfolio consists of eight buildings in Manhattan and The Bronx that collectively total 54 multifamily units and 17 commercial units. Commercial tenants include Mr. Green Laundry, Hunter Convenience Shop, Little Amber Nails & Spa and Monster Barber Shop. Michael Lee of HKS arranged the loan through Citigroup on behalf of the undisclosed borrower.

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BORDENTOWN, N.J. — A partnership between Texas-based developer Hillwood and Atlanta-based WDG Logistics Partners will build a 179,800-square-foot speculative industrial project in the Southern New Jersey community of Bordentown. Bordentown Crossroads will feature a clear height of 36 feet, 30 dock doors and parking for 94 cars and 30 trailers. Construction is scheduled to begin at the end of summer, with completion slated for spring 2025. Newmark is marketing the property for lease.

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ST. LOUIS — Northmarq has brokered the sale of The District, a 428-unit multifamily property in St. Louis. The sales price was undisclosed. Built in 1953, the community is located at 633 McKnight Road directly off I-170. Amenities include a pool, fitness center, two dog parks, a children’s playground, clubhouse, resident lounge and barbecue areas. Dominic Martinez, Parker Stewart and Alex Malzone of Northmarq represented the seller, Freeman Webb. The buyer was a Coloardo-based private investor.

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CHICAGO — Cook County Health (CCH) has unveiled plans to build a new community health center at 467 E. 31st St. in Chicago’s Bronzeville neighborhood. Bronzeville Health Center will join CCH’s portfolio of more than a dozen community health centers located across Chicago and suburban Cook County. Anchored by CCH’s Provident Hospital, Bronzeville Health Center will offer family medicine, behavioral health and rehabilitation services, including physical therapy, occupational therapy and speech therapy. The 26,000-square-foot facility will include 44 exam rooms and a gym space for therapy services. The family medicine and behavioral health practices are moving from their existing location within Provident Hospital’s Sengstacke Health Center. The move also frees up more clinical space within Provident Hospital to allow for the expansion of hospital-based services. Patients will continue to be able to receive primary and specialty outpatient care at Sengstacke Health Center. CCH has spent more than $9 million to grow clinical services and modernize the Provident Hospital campus since 2020. The Cook County Bureau of Asset Management and CCH are investing $10 million to build out and furnish the new Bronzeville facility.

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BENSENVILLE, ILL. — American Bear Logistics Corp. has signed a 56,264-square-foot industrial lease at 1065 Thorndale Ave. in the Chicago suburb of Bensenville. Chris Nelson and Calvin Gunn of Lee & Associates represented the landlord, Prologis. Nick Krejci of CORE Industrial Realty represented the tenant, which is a logistics company that focuses on integrating international freight forwarding, warehouse management, U.S. inland road transportation and import/export customs declaration services.

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FRANKLIN PARK, ILL. — Entre Commercial Realty has arranged the sale of a 35,000-square-foot industrial building in the Chicago suburb of Franklin Park for an undisclosed price. The property at 10100 Pacific Ave. is situated near I-294 and O’Hare International Airport. Chris Wilbur and Jeffrey Locascio of Entre represented the seller, Climate Solutions Window & Doors, which expanded and relocated to a larger facility within Franklin Park. Edward Pohn of Coldwell Banker Commercial represented the undisclosed buyer.

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CHESTERFIELD, MO. — Brinkmann Constructors, in partnership with indiGO Auto Group, has completed a 25,000-square-foot Porsche service facility in the St. Louis suburb of Chesterfield. The project marks the first Porsche-dedicated service center in Missouri, according to Brinkmann. PGAL served as the project architect.

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The-Northside-Berkeley-CA

BERKELEY, CALIF. — Panoramic Interests has received a $30 million construction loan for The Northside, a 73-unit student housing development in Berkeley. Jordan Angel and Alex Witt of JLL secured the financing through BHI, a full-service commercial bank that operates as the U.S. division of Bank Hapoalim, on behalf of the borrower. The development site for the 451,509-square-foot project is located at 1752 Shattuck Ave. near the University of California (UC) Berkeley campus. The project is scheduled for completion in March 2026 and will rise seven stories and offer 1,210 square feet of retail space. The community will offer fully furnished units in studio, one-, two-, three- and four-bedroom configurations. The units will feature modern furnishings, large operable windows, hospital-grade ventilation, engineering soundproofing and nine-foot ceilings. Shared amenities will include a rooftop deck, secure bike storage, laundry rooms, lounges, co-working space and keyless entrances. Jordan Angel and Alex Witt of JLL Capital Market’s Debt Advisory represented the borrower in the financing.  

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Villa-Del-Rio-Apts-Las-Vegas-NV

LAS VEGAS — Denver-based Continental Realty Group, through its subsidiary Continental Realty Assets, has purchased Villa Del Rio Apartments on Nellis Boulevard in Las Vegas for $27 million, or $160,714 per unit. The name of the seller was not released. This marks the buyer’s sixth acquisition in the Las Vegas market since 2015. Built in 1990, Villa Del Rio features 168 apartments in a mix of one-, two- and three-bedroom units in four layouts. Community amenities include a clubhouse/leasing center, swimming pool, fitness center and outdoor lounge and barbecue areas. The previous owner refurbished 38 units, and the buyer plans to spend approximately $2.4 million to complete the renovation of all units, as well as other property improvements.  

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