Valuation: Between $25 million and $50 million

Commercial Observer THG Properties has paid $57.5 million, or about $328,571/unit, for a portfolio of three apartment properties with 175 units in New Jersey. The Newark, N.J., company bought the portfolio from Morgan Properties, a King of Prussia, Pa., multifamily ...

Commercial Real Estate Direct Staff Report Covenant Capital Group has paid $44.3 million, or $217,157/unit, for the 204-unit Vanguard Northlake apartment property in Charlotte, N.C. The Nashville, Tenn., investment manager bought the property, which it has renamed Ventana Northlake, from ...

South Florida Business Journal An affiliate of Black Lion Investment Group has sold the 120,474-square-foot Crystal Cove Commons retail and office complex in North Palm Beach, Fla., for $36.2 million, or about $300.48/sf. A venture of American Commercial Realty Corp. ...

Chase Tower, a 477,772-square-foot office property in Milwaukee has changed hands for the second time since 2016. An affiliate of Group RMC has paid $34.25 million, or $71.69/sf, for the property, according to a report from the Milwaukee Journal Sentinel. ...

Bascom Group has paid $31 million, or $210,884/unit, for the 147-unit Sierra Point Apartments in Reno, Nev. LoanCore provided financing for the Irvine, Calif., investment manager's purchase. The financing was arranged by JLL Capital Markets. Sierra Point, at 4400 El ...

Commercial Real Estate Direct Staff Report Thorofare Capital has provided $34.14 million of financing to cover the land acquisition and predevelopment costs for a proposed 230-unit apartment property in the Los Angeles suburb of Culver City, Calif. The 3.4-acre development ...

Commercial Real Estate Direct Staff Report Community Preservation Partners has paid $26 million, or $114,035/unit, for the Chandler Ridge Apartments, a 228-unit affordable-housing property in Raleigh, N.C. The Irvine, Calif., developer, which specializes in affordable properties, bought the complex from ...

South Florida Business Journal Brookfield Financial Partners has bought Sabre Centre I, a 101,940-square-foot office building in Boca Raton, Fla., for $29 million, or about $284.48/sf. G&C Sabre Investors of Boca Raton was the seller. The property sits on 5.9 ...

Commercial Real Estate Direct Staff Report AB Capstone is offering for sale the 80,102-square-foot Bellerose mixed-use property at 251-73 Jericho Turnpike in Queens, N.Y. The Queens company has hired RIPCO Real Estate to market the property, which has retail, office ...

One Stop Management LLC has paid $47 million, or $236/sf, for a pair of neighboring retail centers with 198,885 square feet in Miami Gardens, Fla. The Brooklyn, N.Y., investor bought the two properties, Miami Gardens Shopping Plaza, at 4500-4698 Northwest ...