Magma Equities acquires Nashville, Tenn. apartment community for $27 million
Multifamily investment firm Magma Equities has acquired Charleston Hall Apartments, a 194-unit garden-style community in Smyrna, Tennessee (Nashville MSA) in an off-market transaction valued at $27 million.
Charleston Hall increases Magma Equities’ holdings in the...
Colliers International announces sale of Lake Village in Chesapeake
Colliers International is pleased to announce the sale of Lake Village, a multifamily community located at 908 Lake Village Drive in Chesapeake. The property was sold to Ritz Banc Group from Lawson.
“We always enjoy...
Merchants Capital New York Office Provides $2.2B in 2024 Financing, Expands Debt and Equity...
The New York office of leading financial services provider Merchants Capital announced a total production volume of $2.2 billion for 2024, setting a new threshold for debt and tax credit equity investments in multifamily...
HUD and Puerto Rico ink $1.5 billion disaster recovery grant agreement
U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson and Puerto Rico’s Governor Ricardo Rosselló today announced the formal execution of a $1.5 billion grant agreement to help citizens in Puerto Rico...
The Pennsylvania Housing Finance Agency Announces $4.7M for Community Revitalization Fund Projects
The Pennsylvania Housing Finance Agency announced seven projects to be awarded $4.7 million for the construction or rehabilitation of mixed-used developments. The funding was raised through the sale of tax credits under the Mixed-Use...
Institutional Property Advisors Brokers Sale and Arranges Financing for Central Florida Multifamily Asset
Institutional Property Advisors, a division of Marcus & Millichap, announced the sale and acquisition financing of Caribbean Isle Apartments, a 376-unit multifamily property in Melbourne, Florida.
Caribbean Isle Apartments is a 25-residential building property built...
Cushman & Wakefield arranges $32.7 million multifamily sale
Cushman & Wakefield announced that the commercial real estate services firm has arranged the $32.7 million sale of The Park at Wakefield & Wellington, a 408-unit apartment community located in Birmingham, Alabama.
Jimmy Adams and...
Kushner Breaks Ground on $130M Mixed-Use Project on Lower Broadway in Long Branch New...
Kushner officially broke ground on a transformative $130 million mixed-use residential and retail development located on Lower Broadway in Long Branch, New Jersey. The project is poised to infuse new vitality into the city's...
13th Floor and Barings Receive $125M Construction Loan for Phase II of Miami Transit-Oriented...
South Florida-based developer 13th Floor Investments, in partnership with Barings, has received a $125 million construction loan for the second phase of Link at Douglas, a transit-oriented multifamily development in Miami. A syndicate of...
Luxury Apartment Community Madison Wakefield Elevates Southern Living in North Raleigh
Madison Communities announces the grand opening of Madison Wakefield, a well-crafted residential community redefining luxury living in the heart of North Raleigh, North Carolina.
Nestled in the Wakefield neighborhood, Madison Wakefield seamlessly combines modern refinement...
JLL Secures $67M in Construction Financing for New Urban Upscale Multifamily Project 21 West...
JLL Capital Markets announced that it has secured a $67 million construction financing for 21 West, a 291-unit urban upscale multifamily development project in Pittsburgh, Pennsylvania.
JLL worked on behalf of the borrower, a joint...
The Dermot Co. Acquires Luxury Multifamily Community The Quaye at Wellington Near Palm Beach
The Dermot Co. has bought The Quaye at Wellington, a 350-unit luxury community in Wellington, Florida. This acquisition further expands the company’s portfolio in the Sunshine State, where it already owns and manages 1,800...
Capital Square promotes Jeffrey A. Gregor to Chief Legal Officer
Capital Square, a national investment sponsor specializing in tax-advantaged real estate offerings, announced that it has promoted Jeffrey A. Gregor to chief legal officer.
“I have worked with Jeff Gregor for over 20 years, first...
Charlotte multihousing asset trades for $91 million
JLL Capital Markets announced that it has closed the $91 million acquisition of and the $60.3 million financing for Abberly NoDa Vista (formerly known as Live at NoDa), a 261-unit, five-story, wrap-style apartment within...
Cushman & Wakefield arranges $16.74 million sale of Tealwood Parke
Cushman & Wakefield announced that the real estate services firm has arranged the sale of Tealwood Parke, a 108-unit apartment community located in Winter Park, Florida. The final sale price was $16.74 million.
Mike Donaldson...
