News/Events
Levin Johnston Team Arranges Belmont Apartment Sale
Marcus & Millichap arranged the sale and financing of Carlmont Hills Apartments, a 16-unit multifamily property located at 2401 Carlmont Dr. in Belmont. The property sold for $5.75 million or $359,375 per unit. Marcus & Millichap Capital Corporation (MMCC), a subsidiary of Marcus & Millichap, arranged $3.8 million in acquisition financing. “Carlmont Hills Apartments offered the buyer an opportunity to acquire a well-maintained asset with meaningful upside through continued…
BGO, Seyon Partner on Industrial Portfolio in I-495 West Submarket
Global real estate investment manager BGO and Boston-based Seyon have acquired a two-building, 134,413-square-foot industrial portfolio in Marlborough, MA, within the Boston metropolitan area. The acquisition continues to expand an existing relationship between BGO and Seyon focused on industrial investments in the Northeast. Terms were not disclosed. The portfolio comprises 261 Cedar Hill St. and 753 Forest…
Rexford Agrees to Divest $1.2B Non-Core Portfolio to EQT
Rexford Industrial Realty, Inc., a REIT specializing in Southern California infill properties, said Tuesday it had agreed to sell an industrial portfolio to an affiliate of EQT Real Estate for approximately $1.2 billion. The transaction is expected to close by the end of the third quarter of 2026. The pending sale is part of Rexford’s…
REBNY Calls for Pause on Pied-a-Terre Tax to Clarify Implementation
The Real Estate Board of New York (REBNY) on Tuesday called for a pause on Mayor Zohran Mamdani’s pied-a-terre tax, testifying before the City Council that “more careful thought and time are needed if this law is to be fairly implemented.” The law, which took effect on July 1 and sunsets in 2031, imposes an…
Colliers Grows Philadelphia Region Industrial Team with Addition of Jonathan Klear
Colliers announced that Jonathan Klear has joined the firm’s greater Philadelphia region as executive vice president. Klear brings more than 18 years of experience advising industrial owners, occupiers and investors throughout Greater Philadelphia and Southern New Jersey. His addition further strengthens Colliers’ industrial brokerage platform in one of the region’s most active industrial markets. In…
Avison Young Unlocks Growth Capital, Strengthens Balance Sheet
Avison Young said Tuesday it has reached an agreement on a recapitalization transaction that strengthens the company’s financial foundation and provides additional liquidity for growth, sustained profitability and long-term value. Building upon the successful recapitalization in 2024, the transaction positions Avison Young for its next phase of growth. The firm will engage in a disciplined…
Skanska Promotes Tom Leptich, Albert Martin to New Roles in Seattle
Skanska has promoted Tom Leptich to vice president of operations and Albert Martin to vice president and account manager for its Skanska USA Building operations across the Puget Sound region and the Inland Northwest. Each has spent more than two decades with the company. As vice president of operations, Leptich will oversee project execution and…
SparrowHawk Buys $400M Midwest Industrial Portfolio
SparrowHawk has completed its largest transaction ever, acquiring a 20-property, 4.4 million-square-foot portfolio located across six Midwest logistics markets. The acquisition price was just under $400 million. The assets are in St. Louis, Cincinnati, Cleveland, Columbus, Dayton and Louisville. The portfolio includes a tenant mix of national and regional companies operating across logistics, distribution, manufacturing,…
Vivmark Residential Launches with $70B Enterprise Value
Shares of Vivmark Residential were up Tuesday afternoon following the launch of trading on the New York Stock Exchange under the VMRK ticker. The merger of equals between Equity Residential and AvalonBay Communities, creating an apartment REIT with a market capitalization of $51 billion and an enterprise value of $70 billion, was finalized Monday. “Our…
