Monday, May 6, 2024

Deal boom

Apartment deals, mergers and acquisitions

Continental Partners secures $34 million in financing for new 144-unit multifamily development in Los...

Continental Partners, a commercial real estate investment banking firm, has successfully arranged a $34 million loan regarding a newly constructed 144-unit multifamily asset in the North Hollywood submarket of Los Angeles, California. The loan serves...
Alexan Southside

PCCP, LLC provides $30 million senior loan to Madera Residential for the acquisition of...

PCCP, LLC announced it has provided a $30 million senior loan to Madera Residential for the acquisition of Alexan Southside, a 270-unit Class A multifamily community located at 4139 Bellaire Boulevard in the inner...
Ashford Place

Cushman & Wakefield arranges sale of Mobile 625 Portfolio

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of three Mobile multifamily communities that comprise the Mobile 625 Portfolio – Ashford Place, Huntleigh Woods, and Southern Oaks. Craig Hey...

Trez Forman Capital Group closes $13.5 million construction loan for multifamily community in Atlanta...

Trez Forman Capital Group completed a $13.5 million construction loan to Greystone Development Partners, LLC. The company plans to develop a 115-unit townhome-style multifamily community with substantial amenities in the Atlanta suburb of Hiram. For...

Chatham Village Apartments sells for $35.25 million in transaction arranged by Gebroe-Hammer Associates

In Northern New Jersey’s extremely supply-constrained Short Hills Region multifamily investment submarket, Gebroe-Hammer Associates has orchestrated the $35.25M sale of 118 apartment-home units at Chatham Village Apartments in Chatham Township. The firm’s three Executive...

JLL arranges equity for Tysons Corner apartment development

JLL announced today it has arranged joint venture equity for The Hanover Company’s 412-unit apartment development with ground-floor retail in Northern Virginia’s Tysons Corner submarket. JLL worked on behalf of The Hanover Company to arrange...
26-989 Las Posas Monument

Raintree Partners acquires portfolio of five Southern California multifamily properties totaling 551 units for...

Raintree Partners, an Orange County, California-based private commercial real estate investment company, has acquired a portfolio of five multifamily communities in Southern California, totaling 551 units, from a private seller for $142 million. The properties...
The Bowery at Southside

Institutional Property Advisors brokers Metroplex multifamily sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Bowery at Southside, a transit-oriented, 303-unit multifamily property in the South Main Village development in Fort Worth, Texas. “The Bowery...

Interra Realty brokers sale of 32-unit apartment building in Chicago’s uptown neighborhood

Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it brokered the $5.75 million sale of 5022-30 N. Winthrop Ave., a three-story, 32-unit courtyard apartment building in Chicago’s Uptown neighborhood. The...
City View at the Highlands

Another large multihousing community in suburban Chicago trades to NYC investor

JLL Capital Markets announced that it has closed the sale of City View at the Highlands, a 403-unit, luxury, value-add, mid-rise apartment building located in the Chicago suburb of Lombard, Illinois. JLL represented the sellers, a...

Castle Lanterra purchases The Ranch at Bear Creek in Lakewood, CO

Castle Lanterra Properties (CLP) has continued to expand its multifamily portfolio in the Denver metro area with the acquisition of its fourth property in the market within the last 16 months. The New York-based...
Aspire Lakewood Apartments

Marcus & Millichap closes $27 million multifamily asset sale in Suburban Denver

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Aspire Lakewood Apartments, a 96-unit multifamily asset built in 1969...
Tempe Metro

Sale of multihousing community in Arizona closes

JLL Capital Markets announced that it has closed the sale of Tempe Metro, a 408-unit, value-add, wrap-style multihousing community in Tempe, Arizona. JLL marketed the property on behalf of the seller, a joint venture between...

Grand opening at V-Esprit, Denver independent living community in May, following multi-million-dollar renovation

Hillcrest Development Group, LLC, a Denver-based development company, and Pathfinder Partners, LLC, a San Diego-based firm specializing in opportunistic and value-add real estate investments, have completed a $1.6 million renovation and rebranding program at...

HFF arranges $20.5M financing for mixed-use development in Point Loma, California

HFF announces it has arranged $20.5 million in financing for The Californian, a luxury residential and retail mixed-use development in the coastal San Diego submarket of Point Loma, California. HFF worked on behalf of Murfey...
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