Investment Sales

929-Mass-Ave-Cambridge
FinanceInvestment SalesMassachusettsNewsNortheast

Walker & Dunlop Arranges $53.6 Million Sale of Mixed-Use Asset in Cambridge, Massachusetts

by Lynn Peisner

CAMBRIDGE, MASS. — Walker & Dunlop has arranged the $53.6 million sale of 929 MASS, a mixed-use, two-building property in the Central Square area of Cambridge. Walker & Dunlop represented the unnamed institutional seller in the deal with a team led by Travis D’Amato, Michael Coyne, Brendan Shields, Kevin Gleason and Maggie McFarland. Concurrently, Andrew Gnazzo and Mike Darling secured acquisition financing for buyer John M Corcoran & Co. (JMC), arranging a $37.1 million fixed-rate, interest-only Fannie Mae loan. JMC has partnered with Stars REI, a global, privately held company …

Continue Reading
0 FacebookTwitterLinkedinEmail
Luxor-Bala-Cynwyd
BerkadiaFinanceInvestment SalesNewsNortheastPennsylvania

Alliance Residential, PCCP Acquire Luxor Bala Cynwyd in Philadelphia

by Lynn Peisner

BALA CYNWYD — Alliance Residential of Scottsdale, Arizona, and Los Angeles-based PCCP have acquired Luxor Bala Cynwyd in the township of Bala Cynwyd 7 miles north of Philadelphia. Patrick McGlohn, Brian Gould, Hunter Wood, Patrick Cunningham and Natalie Hershey of Berkadia DC Metro arranged a $37 million acquisition loan from ACRE Capital on behalf of the joint venture buyer. The 173-unit property was developed in 2021 by Westrum Development Co. (the seller) and includes studios and one- and two-bedroom floor plans and amenities such as a pool, fitness center, yoga …

Continue Reading
0 FacebookTwitterLinkedinEmail
Hunters-Crossing-Gainesville
FloridaInvestment SalesNewsSoutheast

Westlight Capital Buys Six-Property Florida Portfolio for $162 Million

by Lynn Peisner

GAINESVILLE, FLA. — Westlight Capital has acquired a six-property, 1,432-unit portfolio in Gainesville for $162 million. Jubeen Vaghefi and Denny St. Romain of CBRE represented the undisclosed seller and arranged the $162 million acquisition loan for Westlight. The private real estate investment firm was launched last year by Doug Faron. This portfolio sale marks the West Palm Beach, Florida-based company’s first acquisition.

Continue Reading
0 FacebookTwitterLinkedinEmail
The-Element-Reno
BerkadiaInvestment SalesNevadaNewsWestern

Berkadia Arranges $41 Million Sale of The Element Apartments in Reno, Nevada

by Lynn Peisner

RENO, NEV. — Berkadia has arranged the $41 million sale of The Element, a 206-unit garden-style apartment community in Reno. The seller was a private Los Angeles-based owner, and the buyer’s identity was kept private. The property was developed between 1975 and 1977. The Element offers one- and two- bedroom floor plans. Amenities include laundry facilities, a pool, a fitness center, a dog park and a grilling and picnic area. Jared Glover of Berkadia Nevada represented the seller.

Continue Reading
0 FacebookTwitterLinkedinEmail
SilverLake-Apartment-Belleville
Investment SalesNew JerseyNewsNortheast

Klein Enterprises Sells Belleville, New Jersey, Asset for $80 Million

by Lynn Peisner

BELLEVILLE, N.J. — JLL has arranged the sale of and financing for SilverLake Apartments, a 232-unit community in Belleville, 15 miles northwest of Manhattan. The seller was Klein Enterprises, and the buyer was Sym Investments. The asset, built in 2021, traded for $80 million. JLL arranged a $56 million Freddie Mac acquisition loan for Sym. SilverLake comprises two five-story buildings with a mix of studios, one- and two-bedroom units and 17,024 square feet of commercial space that is 100 percent leased. Seventy-one percent of the retail space is occupied by …

Continue Reading
0 FacebookTwitterLinkedinEmail
Retreat-at-Speedway-Tucson
ArizonaInvestment SalesNewsWestern

Bascom Group Acquires Tucson Value-Add Asset for $53.4 Million

by Lynn Peisner

TUCSON, ARIZ. — Bascom Arizona Ventures, an affiliate of Irvine, California-based The Bascom Group, has acquired The Retreat at Speedway in Tucson for $53.4 million via a value-add investment fund. The seller was Wiedner Apartment Homes. IPA arranged the deal on behalf of Wiedner as well as a loan from BrightSpire Capital Acquisitions LLC. Arizona-based property manager Bryten Real Estate Partners will manage the property. Built in 2001, the two-story Retreat at Speedway is comprised of one- and two-bedroom floor plans and amenities such as a pool, hot tub, fitness …

Continue Reading
0 FacebookTwitterLinkedinEmail
Triton-Glen-Richmond
BerkadiaInvestment SalesNewsSoutheastVirginia

Silver Hills Sells Richmond, Virginia, Property for $65 Million

by Lynn Peisner

RICHMOND, VA. — Triton Glen, a newly developed 250-unit property in the Innsbrook submarket of Richmond, has traded for $65 million. Berkadia brokered the deal on behalf of the seller, Silver Hills, and arranged a $42 million Freddie Mac acquisition loan for the buyer, Charlottesville, Virginia-based Seminole Trail Management. Silver Hills developed the asset in 2024. Berkadia’s investment sales team was led by Drew White, Carter Wood and Cole Carns of Berkadia Richmond, while Patrick McGlohn, Brian Gould, Hunter Wood, Patrick Cunningham and Mac Ritchie of Berkadia DC Metro arranged …

Continue Reading
0 FacebookTwitterLinkedinEmail
The-Eddi-at-Pentagon-Village-Edina
Investment SalesMidwestMinnesotaNews

Oaks Properties Buys The Eddi at Pentagon Village in Twin Cities Submarket

by Lynn Peisner

EDINA, MINN. — Joint venture owners Rise Modular and Soloman Real Estate Group have sold The Eddi at Pentagon Village in Edina, about 10 miles south of Minneapolis, to Oaks Properties for an undisclosed sum. The sellers developed the 202-unit property, breaking ground in 2022. JLL brokered the transaction. The community is situated within the 12.5-acre mixed-use Pentagon Village district. Units are offered as studio, one- and two-bedroom floor plans with an average size of 753 square feet. The Eddi is a wood-frame modular apartment building with 205 modules manufactured …

Continue Reading
0 FacebookTwitterLinkedinEmail
1900-W-Lawrence-Chicago
IllinoisInvestment SalesMidwestNews

Cushman & Wakefield Brokers $28.5 Million Receivership Sale in Chicago

by Lynn Peisner

CHICAGO — Cushman & Wakefield has arranged the $28.5 million sale of 1900 W. Lawrence, a redeveloped former Sears store in Chicago’s Ravenswood neighborhood. Cushman & Wakefield’s Jack Maloney and Brad Smith represented the seller, Matthew Tarshis from Frontline Real Estate Partners, a court appointed receiver in the matter. According to CoStar, the buyer was locally based Bender Cos. The sale resolves a foreclosure lawsuit. The 59-unit community includes approximately 19,000 square feet of ground-floor retail, which was 100 percent occupied at the time of the sale. Residence were 94 …

Continue Reading
0 FacebookTwitterLinkedinEmail
Centennial-Seattle
CaliforniaInvestment SalesNew JerseyNewsNortheastPennsylvaniaWashingtonWestern

JRK Buys Three-Property Portfolio From Equity Residential for $400 Million

by Lynn Peisner

LOS ANGELES — JRK, a Los Angeles-based real estate investment firm, has acquired a three-property, $400 million portfolio from Equity Residential (NYSE: EQR). The properties are Centennial (408 units) in Seattle, 77 Park Avenue (301 units) in Hoboken, New Jersey, and C on Pico (94 units) in Los Angeles. Including this purchase, JRK acquired $1.3 billion in multifamily assets, encompassing 3,400 units, in the United States in 2025, including Edge 1909, a 364-unit property in the Strip District of Pittsburgh acquired in December. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts
©2025 France Publications, dba France Media Inc.