Thursday, February 27, 2020

Deal boom

Apartment deals, mergers and acquisitions

Bolsa Row

R.D. Olson Construction breaks ground on 6-acre mixed-use community in Westminster, California

R.D. Olson Construction, an award-winning general contracting firm in California, announced the ground-up construction of Bolsa Row, a mixed-use development in the heart of Westminster’s Little Saigon District. Situated on a 6-acre lot, the...
OakRidge Apartment Homes

JLL closes sale, financing of San Antonio multihousing property

JLL Capital Markets announced that it has closed the sale and arranged financing for OakRidge Apartment Homes, a 216-unit, value-add, garden-style multihousing property located in the Northeast San Antonio submarket. JLL marketed the property exclusively...
1638-44 W. Greenleaf Ave

Interra Realty brokers $6.5 million deconversion sale in Chicago’s Rogers Park

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the deconversion sale of 1638-44 W. Greenleaf Ave., a 40-unit multifamily building in Chicago’s Rogers Park neighborhood, for $6.5 million, or...
Monument Village at College Park

JLL completes $62.7 million sale of Maryland mixed-use property

JLL Capital Markets announced today that it has completed the $62.7 million sale of Monument Village at College Park, a mixed-use residential and retail property in College Park, Maryland. JLL marketed the property on behalf...
600 Mariners Island

Levin Johnston completes two multifamily transactions totaling $24.45 million in San Mateo, California

Levin Johnston of Marcus and Millichap, one of the top multifamily brokerage teams in the U.S. specializing in wealth management through commercial real estate investments, successfully completed the sale of two multifamily communities in...
Jackson Courtyard Apartments

Lakeview Land Partners sells 47 unit asset in Downtown Oakland

Lakeview Land Partners, LLC announces the sale of the Jackson Courtyard Apartments, LLC. a 47 unit apartment building in downtown Oakland Ca. which was built in 2009. Lakeview purchased the property in 2015 and enjoyed the transformation...

Stepp Commercial completes $5.71 million sale of a 16-unit apartment property in the heart...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the approximately $5.71 million sale of a 16-unit apartment property located at 445-455 Rose Avenue in the heart of the...
The Retreat at Vista Lake

JLL closes $96 million sale of Southwest Florida apartments

JLL Capital Markets announced that it has closed the $96 million sale of The Retreat at Vista Lake, a 640-unit, garden-style apartment community in the fast-growing Fort Myers, Florida, market. JLL marketed the property exclusively...
The Brookliner

CBRE secures joint venture partner for The Brookliner, a mixed-use development in Brighton, Mass.

CBRE has secured a joint venture partner for the development of The Brookliner, a mixed-use transit-oriented community in the Brighton neighborhood of Boston, Massachusetts. CBRE’s team of Simon Butler, Biria St. John and Kyle Juszczyszyn...
Hillside Creek Apartments

CONTI enters Austin market with acquisition of Hillside Creek Apartments

CONTI Organization, one of North Texas’ largest private multifamily property owner-operators, has expanded its footprint in the state with the acquisition of Hillside Creek Apartments, a 268-unit complex located at 1730 E. Oltorf Street,...
River Grove Apartments

CBRE sells Border City Mills and River Grove Apartments for $13.7 million

CBRE today announced the sale of Border City Mills located at 2 Weaver Street in Fall River, and River Grove Apartments located at 4516 North Main Street in Fall River for $13,700,000. CBRE multi-housing experts...
West Creek Apartment Homes

Suburban Houston multifamily asset sale brokered by Institutional Property Advisors

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of West Creek Apartment Homes, a 228-unit multifamily asset in Conroe, Texas. “With an annual population growth of 7.8 percent, Conroe was...

JLL arranges $20.5 million loan for Jersey City apartments

JLL Capital Markets announced today that it has arranged $20.5 million in financing for the acquisition of The Ashton, a newly completed, 93-unit, Class A apartment project in Jersey City, New Jersey. JLL worked to...

Parkview Financial provides $38 million loan for the development of a 168-unit multifamily property...

Parkview Financial announced it has provided a $38 million construction loan to Hunington Properties for the development of a 126,500-square-foot, mixed-use multifamily project. The six-story apartment building, located on 1.38-acres at 1107 Shepherd Drive...
Boulevard at Sonterra

PCCP, LLC and Kairoi Residential acquire 326-unit apartment property in San Antonio, Texas

PCCP, LLC announced that it has formed a joint venture with Kairoi Residential for the acquisition and renovation of Boulevard at Sonterra, a 326-unit garden-style multifamily property located at 210 E Sonterra Blvd. in...
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