Value-add apartments purchased for $40.2 million in Coral Springs, Florida
JLL Capital Markets announced it has closed the $40.2 million sale of Coral Falls, a 190-unit value-add multihousing property located in Coral Springs, Florida, which is just 20 miles northwest of Fort Lauderdale. JLL worked...
Gino Franco and Sandy Skeie of Marcus & Millichap broker multifamily asset sale in...
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced sale of 225 Mallorca Way, a 21-unit multifamily property at Mallorca Way and Capra...
REEP Equity secures acquisition financing for Savoy Manor in Houston
JLL Capital Markets announced it arranged acquisition financing for Savoy Manor, a 192-unit multihousing property located in Houston, Texas. JLL worked on behalf of the borrower, REEP Equity, to secure the 10-year, floating-rate loan through...
Ranchharbor and Westgrove Partners acquire Albuquerque value-add multifamily portfolio
RanchHarbor and Westgrove Partners, two real estate investment firms based in Newport Beach, Calif. and Los Angeles respectively, announced their joint venture (JV) partnership in the acquisition of a two-property multifamily portfolio in Albuquerque,...
2851 Boston Ave. apartments in San Diego, California purchased
JLL Capital Markets announced that it closed the $2.4 million sale of 2851 Boston Ave., a nine-unit apartment community located in the Barrio Logan submarket of San Diego, California. JLL represented the seller, WLA Investments...
Sale and acquisition financing of independent living community in Detroit suburbs completed
JLL Capital Markets announced that it closed the $17 million sale and arranged $25.35 million in acquisition and renovation financing for The Park at Trowbridge, a 298-unit, seniors housing community located in the northern...
American Landmark acquires 300-unit multifamily community in Orlando
American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, announces it has acquired City West Apartments, a 300-unit multifamily asset in Orlando. The property will undergo a $3.575 million capital improvements...
$46.5 million financing secured to develop Fishtown Kensington Village in Philly
JLL Capital Markets announced it has arranged a $46.5 million construction loan for the development of Fishtown Kensington Village, a 297-unit multihousing property located in Philadelphia, Pennsylvania. JLL worked on behalf of the borrower, an...
Inland Empire multifamily asset closes at $88 million
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of District at Grand Terrace, a 352-unit multifamily property in Colton, California. The property sold for $88 million, or $250,000 per...
48-unit multifamily asset sells in Tallahassee
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Glen Hollow, a 48-unit apartment property located in Tallahassee, Florida, according...
$25 million sale of 125 Magnolia sets new multifamily sales benchmark for emerging Jersey...
The $25M sale of 125 Magnolia at Journal Square has set a new multifamily benchmark for Jersey City’s newest upmarket neighborhood in the elevatored/pre-war apartment building category, according to Gebroe-Hammer Associates Executive Vice President...
Berkadia arranges $27.54 million in acquisition financing for 263-unit community outside of Baltimore
Berkadia announces it has arranged $27.54 million in financing for the acquisition of Melvin Park Apartments, a 263-unit community in Catonsville, Maryland. Senior Managing Director Mitch Sinberg, Associate Director Matthew Robbins and Senior Analyst...
The Multifamily Group brokers 48 units in Temple, Texas
The Multifamily Group (TMG), a Dallas-based commercial real estate brokerage firm, announced this week they facilitated the sale of Jamestown and Williamsburg in Temple. TMG Advisor Danny Wieland represented the seller, and Vice President...
The Multifamily Group brokers 100 units in San Antonio
The Multifamily Group (TMG), a Dallas-based commercial real estate brokerage firm, announced this week it had facilitated the sale of the Glennwood Apartments in San Antonio. Managing Directors Chris Siemasko and Bryce Smith represented...
Interra Realty brokers $5.73 million sale of apartment building in Chicago’s Lakeview neighborhood
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the sale of 700 W. Grace St., a 16-unit rental property in Chicago’s Lakeview neighborhood. The $5.73 million sale price equates...
