Sales Deals of the Week: Private Equity Firms Cut Deals in NYC, Fort Lauderdale

The top investment sales from April 29 to May 3

By The Editors May 3, 2024 10:00 am

Photo: Getty Images

Self-storage remains a hot commodity in major U.S. metro regions, and private equity firm The Carlyle Group placed its bet on the asset class this week with the acquisition of four facilities in Queens and Brooklyn for $110.4 million. Also in Kings County, Bungalow Projects and Bain Capital Real Estate paid $34 million for a development site where they plan to build a film production studio. And two industry power players shook hands on a $97.6 million hotel deal in Fort Lauderdale, Fla.

Amount	Address	Buyer	Seller	Brokers	Asset
$110.4 million	87-16 121st Street; Queens. 145 18th Street, 651 Utica Avenue and 1690 East New York Avenue, Brooklyn.	The Carlyle Group	Safe N Lock Self Storage	Cushman & Wakefield’s Mike Mele	Self-storage
$97.6 million	401 North Fort Lauderdale Beach Boulevard; Fort Lauderdale, Fla.	Blackstone	Related Companies	N/A	Hotel
$34 million	145 Wolcott Street; Brooklyn	Bungalow Projects and Bain Capital Real Estate	Four Points and 20 Lakes Holding	Newmark’s David Behin	Development site
$26.7 million	1899 L Street Northwest; Washington, D.C.	Taicoon Property Partners	BlackRock	Stream Realty Partners	Office
$26.7 million	4422 Airport Drive; Ontario, Calif.	Rexford Industrial Realty	TA Realty	CBRE’s Rebecca Perlmutter Finkel, Barbara Perrier and Darla Longo	Industrial

Sales Deals of the Week reflect deals closed or announced from April 29 to April 3. Information on sales can be sent to editorial@commercialobserver.com.