Covina Apartments Trade on In-Place Cash Flow, Rental Upside
Marcus & Millichap closed the sale of Vincent Village, a 40‑unit apartment complex in Covina, for $8.2 million, or $205,000 per unit, at a 5.9% cap rate. The property offers roughly 29% rental upside despite rent‑increase caps tied to the CPI. Buyers were drawn by strong in‑place cash flow and the ability to add accessory dwelling units, generating over 10 offers. The transaction highlights continued investor interest in San Gabriel Valley multifamily assets.
Ariel Arranges Condo Construction Loans in Brooklyn, Queens
Ariel Property Advisors' Capital Services Group closed three private‑lender loans totaling more than $17 million to fund condo construction in Brooklyn and Queens. The financing includes a $6.85 million loan for an eight‑unit project in Long Island City, a $5.5 million two‑year interest‑only...
PCCP, Alliance Residential Snap Up Garden-Style Riverside Complex
PCCP and Alliance Residential Company closed a $65.3 million joint‑venture purchase of The Hawthorne, a 184‑unit garden‑style multifamily community in Riverside, California. Built in 2023, the property comprises 16 low‑rise buildings and a single‑story amenity hub with a resort‑style pool, fitness...
Milford Retail Trades for $8M; Draws From Boston, Worcester and Providence Metros
Atlantic Capital Partners completed the sale of Milford Square, a 50,236‑square‑foot neighborhood shopping center in Milford, Massachusetts, for $8 million. The property sits at a key I‑495 intersection, drawing shoppers from the Boston, Worcester and Providence metropolitan areas. Its tenant roster...
Sterling Bay Partnership Secures $290M Financing for Sorrento Mesa’s Pacific Center
Sterling Bay and Newmark have closed a $290 million refinancing of Pacific Center, a newly built 525,000‑square‑foot Class A life‑science campus in San Diego’s Sorrento Mesa. The deal includes $162.5 million of future funding earmarked for leasing incentives and carry reserves. Financing was...
Related, Oxford Score $1.4B Refi for 10 Hudson Yards
10 Hudson Yards, the 1.8‑million‑sq‑ft office tower on Manhattan’s Far West Side, has secured a roughly $1.4 billion refinancing led by Wells Fargo and Goldman Sachs. The loan is tied to the renewal of L’Oréal USA’s lease, the building’s anchor tenant. The refinancing follows...
Aventon to Build 270-Unit Port Richey Rental Community
Aventon Companies purchased a 13.58‑acre site in New Port Richey for $5 million to develop Aventon Eva, a 270‑unit multifamily community within Lennar’s 1,000‑acre New Port Corners master plan. The garden‑style, three‑story project will offer one‑ to three‑bedroom apartments and amenities...
CoStar Group to Acquire Homebuilding Data Platform Zonda
CoStar Group announced a definitive agreement to acquire Zonda, a leading new‑home construction data and software platform, for $800 million in cash. Zonda serves over 3,000 customers across North America, providing lot‑level data on home communities, land development, construction status, and...
HUD Section 223(f) Loan Refinances Chula Vista Multifamily
Walker & Dunlop arranged a $101.6 million HUD Section 223(f) loan to refinance Enclave Heritage Flats, a 312‑unit multifamily property in Chula Vista. The financing, provided by the U.S. Department of Housing and Urban Development, replaces debt the firm originated earlier in...
East Lyme Apartment Complexes Land $116M Freddie Mac Financing
Newmark Capital Markets secured a $115.6 million, 10‑year fixed‑rate loan from Freddie Mac to refinance The Cove at Gateway Commons and Sound at Gateway Commons in East Lyme, Connecticut. The two properties provide a mix of studio‑to‑three‑bedroom apartments, townhomes, and garden‑style units, catering...
Slatt Capital Arranges Acquisition Financing for Rohnert Park Hospitality Assets
Slatt Capital arranged $12.06 million of full‑recourse acquisition financing for a two‑property, 200‑unit hospitality portfolio in Rohnert Park, California. The assets—Budget Inn and Rodeway Inn, both built in 1984—were funded by Commercial Bank of California through an SBA 504 loan. The transaction...
$46M Bridge Loan Refinances Newly Built Moreno Valley Apartments
Dwight Mortgage Trust has issued a $46 million bridge refinance for Villa Annette, a newly built 220‑unit garden‑style apartment complex in Moreno Valley. The loan, originated by Andrew Tichy for repeat client Robert Lattanzio of Latco Enterprises, will retire the project's construction...
Well-Located Bergen County Multifamily Trades for $29M
Cushman & Wakefield brokered the sale of 8 Tice Rd., a 52‑unit multifamily building in Franklin Lakes, New Jersey, for $29 million. The transaction was executed on behalf of seller Adoni Property Group and buyer Four Point Holdings, LLC. The property’s...
Clear Height, Buligo Complete Sale of Midwest Manufacturing Facility
Clear Height Properties and its partner Buligo Capital Partners have sold the 354,000‑square‑foot manufacturing and distribution facility at 10200 55th Street in Kenosha, Wisconsin. The property, a single‑tenant asset equipped with integrated labs, paint lines and custom production infrastructure, was brokered by...
Kolbe Completes New Multifamily Development in Wisconsin
Kolbe Windows & Doors has finished Evergreen Landing Apartments, a 44,000‑square‑foot, four‑building, three‑story multifamily development in Wausau, Wisconsin, delivering 102 new affordable units. The project, situated next to Kolbe’s main manufacturing plant, was inaugurated with a ribbon‑cutting attended by chamber...