Monday, April 29, 2024

Deal boom

Apartment deals, mergers and acquisitions

Morningside Heights

Madison Realty Capital Provides $55M Loan for Morningside Heights Student Housing Complex

Madison Realty Capital has provided a $55-million bridge loan to Charney Companies and Criterion Real Estate Capital for the acquisition and renovation of 99 Claremont Avenue, a student housing project in Morningside Heights. McGiffert Hall...
Cottages at McDowell

Christopher Todd Announces Purchase of 217-Unit Avondale BTR Project Cottages at McDowell

Christopher Todd Capital has completed its first purchase of a newly completed Build-to-Rent (BTR) community Cottages at McDowell in Avondale, Arizona near Phoenix. Amenities at Cottages at McDowell include green belts, two resort-style pools, a...
Cottonwood Ranch

Lincoln Avenue Communities Breaks Ground on Cottonwood Ranch Affordable Housing Development in Casa Grande...

Lincoln Avenue Communities (LAC), a mission-driven acquirer and developer of affordable housing, broke ground on the future site of Cottonwood Ranch during a ceremony with LAC leaders, local policymakers and partners. "Lincoln Avenue Communities is...
The Alcove

R.D. Olson Construction Breaks Ground on Affordable Housing Complex The Alcove in the LA...

R.D. Olson Construction, an award-winning general contracting firm in California, has broken ground on a new 238k square-foot, seven-story affordable housing apartment complex in Woodland Hills, California known as The Alcove. The all-new construction is...
Multifamily Affordable

BWE Secures Over $31M for Multifamily Affordable Housing Across the Country

BWE, a national commercial and multifamily mortgage banking company, announced the closing of three financings totaling over $31 million to finance three multifamily affordable housing properties near Cincinnati, Atlanta, and Chicago. "By leveraging our comprehensive...
The Tobin Estate Apartments

Rosewood Property Company Expanding The Tobin Estate Apartments in San Antonio

Rosewood Property Company recently started construction on the third phase of The Tobin Estate Apartments community. “Coming off of the success of an award-winning phase one in 2021, we wanted to ensure the Tobin Estates...
Clybourn Avenue

Interra Realty Brokers $12.69M Sale of Mixed-Use Property on Clybourn Avenue in Chicago’s West...

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $12.69 million sale of a newer-construction mixed-use property comprising 30 residential units and six commercial spaces at 2827-2847 N. Clybourn...
Placita Dolores Huerta

CHOC Announces Grand Opening of of Placita Dolores Huerta in Coachella

Community Housing Opportunities Corporation (CHOC), a non-profit organization dedicated to expanding affordable housing, announces the grand opening of Placita Dolores Huerta, a new highly anticipated 56-unit affordable housing community in the City of Coachella. Named...
BREIT

KKR to Acquire $1.64 Billion Student Housing Portfolio from BREIT

KKR and Blackstone Real Estate Income Trust said that KKR-managed funds would acquire a portfolio of 19 purpose-built student housing properties from BREIT for approximately $1.64 billion. The over 10,000-bed portfolio is comprised of 19...
Hancock Bridge Square

Mast Capital Begins Construction on 320-unit Hancock Bridge Square in Fort Myers Florida

Miami developer Mast Capital has moved into the Fort Myers, Florida, market for the first time with the start of construction at Hancock Bridge Square, which will consist of 320 garden-style units on a...
Vero Beach Apartments

Marcus & Millichap Facilitates $2.35M Sale of Vero Beach Apartments

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Vero Beach Apartments in Vero Beach, Florida, for $2,350,000. “The Vero Beach...
The Jayne

CIM Opens Affordable Apartment Complex The Jayne in LA’s West Adams Neighborhood

CIM Group has opened The Jayne, a 69-unit, six-story apartment building with six units designated as affordable and approximately 5,453 square feet of ground-floor retail. The Jayne is an infill housing development bringing new apartments...
Alameda

The Housing Authority of the City of Alameda Announces Construction Has Commenced for The...

The Housing Authority of the City of Alameda (AHA) is pleased to announce that over 100 new affordable homes are coming to the City of Alameda via two new housing developments (The Estuary I...
Firefly Park

Wilks Development and Frisco EDC Announce Partnership for Firefly Park to Bring 1,970 Rental...

Wilks Development and Frisco Economic Development Corporation signed a development agreement that launches Phase One of construction and development for Firefly Park. The project is a 242-acre mixed-use, master-planned development including 159 acres owned by...
Bergen Circle

The Michaels Organization and MassHousing Announce the Extensive Renovation of the 201-Unit Bergen Circle...

Mayor Domenic Sarno, The Michaels Organization, and MassHousing celebrated the completion of extensive renovations at the 201-unit Bergen Circle housing community in Springfield, Massachusetts. Michaels, which had taken over ownership and management of the Bergen...
Yield PRO