NEW YORK CITY — Locally based brokerage firm Ariel Capital Advisors has arranged the $3.6 million sale of a six-unit property located at 151 Smith St. in the Boerum Hill neighborhood of Brooklyn. The building consists of five market-rate apartments and one rent-stabilized unit across four stories. Sean Kelly, Nicole Daniggelis and Stephen Vorvolakos of Ariel Property Advisors represented the seller, Doreen DeLeon, in the deal. The buyer was Faisal Kassim.
BOSTON — Walker & Dunlop has arranged a $137 million Fannie Mae acquisition loan for LUKA on the Common, a 30-story high-rise community in Boston. San Francisco-based investor Carmel Partners purchased the asset, which was formerly known as AVA Theater District. The seller was Virginia-based AvalonBay Communities. LUKA on the Common is situated on a 21,344-square-foot site in the city’s downtown area. The 398-unit community was built at 45 Stuart St. in 2016, and situated in proximity to Boston Common Park, the Charles River, Boston Harbor and the city’s theater …
TUCSON, ARIZ. — Cushman & Wakefield | PICOR has negotiated the sale of Sunnyslope Apartments, a 41-unit property located at 150 E. Hardy Road in Tucson. The two-story asset was built in 1972 and offers amenities such as a laundry facility and a pool, according to Apartments.com. Urbana @ Oro Valley LLC acquired the community from Sunnyslope Apartments LLC for $5.6 million. Allan Mendelsberg and Joey Martinez of Cushman & Wakefield | PICOR represented the buyer and seller in the deal.
GASTONIA, N.C. — Gindi Equities has sold Greenview Meadows, a 109-unit property located at 1613 Greenview Drive in Gastonia, about 23 miles west of Charlotte, North Carolina. The community offers a mix of two- and three-bedroom apartments. The buyer was not disclosed. Gindi Equities originally purchased the asset for $10 million in February 2021. The New York City-based investment firm renovated unit interiors and upgraded the community’s amenity package with a new pet park, playground and picnic areas. Gindi Equities also renovated the pool deck.
HUNTINGTON BEACH, CALIF. — CBRE has arranged the sale of an 18-unit property located at 125 16th St. in Huntington Beach, about 20 miles southwest of Anaheim, California. The property totals 15,809 rentable square feet across six lots. Units come in one-, two- and three-bedroom layouts. Select apartments have ocean views and either a private patio or balcony. Amenities include a courtyard, sun deck, laundry facilities and an on-site manager. Dan Blackwell and Mike O’Neill of CBRE represented the seller, a local family trust, in the transaction. Additionally, CBRE represented …
BOSSIER CITY, LA. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Le Rivage, a 240-unit asset in Bossier City. Built in 2016, the garden-style community consists of two- and three-story buildings on a 16 acre-site. The sales price was not disclosed. Amenities include a pool, fitness center, business center, clubhouse, playground and dog park. The average unit size is 925 square feet. Le Rivage is situated approximately five miles from downtown Bossier City and downtown Shreveport. John Hamilton, Will Balthrope and Drew …
GREENWICH, CONN. — Marcus & Millichap (NYSE: MMI) has arranged the sale of the Nolan Thomas Portfolio, a four-building, mixed-use portfolio in the southwestern Connecticut city of Greenwich. The 47,256-square-foot portfolio traded hands for $19 million. The portfolio consists of four buildings housing 10 apartments, 17 retail storefronts, 17 office suites and an 11,226-square-foot warehouse. Stephen Westerberg of Marcus & Millichap’s Manhattan office represented the undisclosed seller in the deal. The buyer was also not disclosed.
HUNTINGTON BEACH, CALIF. — CBRE has arranged the sale of two neighboring fourplexes located at 317 and 321 22nd St. in Huntington Beach, about 20 miles southwest of Anaheim, California. The assets traded hands for a total of $5.4 million. Dan Blackwell and Mike O’Neill represented the seller, a local family trust, in the transaction. Each two-story property comprises 4,101 rentable square feet. Both buildings offer a mix of one-, two- and three-bedroom apartments with either a patio or balcony. Additionally, each property features six single-car garages, one open-space parking …
NEW YORK CITY — David Werner Real Estate Investments and Metro Loft Management have secured $75 million in acquisition financing for the former Pfizer headquarters in Midtown Manhattan. Max Herzog, Marko Kazanjian, Andrew Cohen and Max Hulsh of IPA Capital Markets, a division of Marcus & Millichap (NYSE: MMI), arranged the financing through Northwind Group. The new ownership will convert the 10-story office building, which is situated at 219 E 42nd St., into an apartment community by combining it with the adjacent property at 235 E 42nd St. Once completed, …
CHICAGO — AmTrust RE has purchased Parkline Chicago, a 26-story high-rise community located at 60 E. Randolph St. in Chicago’s East Loop neighborhood. The 210,000-square-foot building consists of 213 units, including 189 standard rental units and 24 penthouses. The property also includes 6,200 square feet of retail space. Apartments at Parkline Chicago feature wood-grained flooring, undercabinet lighting and quartz countertops. Community amenities include a two-story sky lounge, fitness and yoga studio, indoor-outdoor pool with an attached sundeck and dog run. John Jaeger, Justin Puppi and Jason Zyck of CBRE arranged …