Saturday, May 4, 2024

Deal boom

Apartment deals, mergers and acquisitions

Topaz Villas

Berkadia arranges $66 million sale and financing of Jacksonville, Florida apartment community

Berkadia announces it has arranged the sale and financing of Topaz Villas, a 444-unit multifamily community in Jacksonville, Florida. Director Greg Rainey of Berkadia Jacksonville, along with his team, arranged the sale on behalf...
Savor Apartments

$34.625 million refinancing arranged for West St. Paul multihousing community

JLL Capital Markets announced that it has arranged the $34.62 million refinancing of Savor Apartments, a 200-unit, mid-rise, market-rate multihousing community located in West St. Paul, Minnesota. JLL worked on behalf of the borrower, Roers...
10772 Palma Vista Ave Garden Grove

CBRE Arranges Sale of Two Apartment Communities on the Same Street in Garden Grove...

CBRE announced the sale of two multifamily rental communities located on the same street near the major thoroughfare of Euclid Street and Katella Avenue in Garden Grove, California. The transactions involved two buyers and...

Twin-tower development site in Denny Triangle sells for $72 million

A multifamily development site, located at 1901 Minor Avenue in Seattle, Washington, has been purchased by Concord Pacific, a Canadian residential developer, for $72 million. Kidder Mathews commercial real estate brokers, Ross Klinger and...
Trailhead at Chisholm Trail

MW Builders Tops Out on Trailhead at Chisholm Trail in South Fort Worth

MW Builders, a national general construction company specializing in preconstruction, design-build, general construction and construction management, has topped out on Trailhead at Chisholm Trail, a 284-unit, seven-building luxury multifamily community located in South Fort...
Avisa Lakes

Newmark Knight Frank Multifamily closes sale and financing of Avisa Lakes to Lloyd Jones,...

Newmark Knight Frank Multifamily announces the sale and financing of Avisa Lakes a 292-unit, community in Orlando. The two- and three-story garden product surrounds an expansive interior lake and was approximately 95 percent occupied...
Residences at the Sutton

PCCP, LLC provides $31 million bridge loan to The Pizzuti Companies for the refinance...

PCCP, LLC announced it has provided a $31 million bridge loan to The Pizzuti Companies for the refinance of The Residences at the Sutton, a Class A, 100-unit boutique multifamily asset located in the...

TransUnion + ApartmentJet address short term rental tenant screening challenge

Short-term rentals have caused major disruptions to the apartment industry, sometimes resulting in evictions, lawsuits and even regulatory changes. TransUnion announced it has partnered with ApartmentJet, Inc. to help multifamily property owners and management...
Exchange at Windsor Hill

Cushman & Wakefield and Greystone together close sale and financing of 312-unit community in...

The joint venture team of Cushman & Wakefield and Greystone announced that they arranged the sale of, and closed a Freddie Mac Optigo loan for, Exchange at Windsor Hill, a 312-unit multifamily community located...

Extensive café renovation in historic Regions Bank building in Montgomery, AL

Amidst Montgomery, Alabama's reemergence, Vintage Hospitality Group recently brought Vintage Café to the Old Cloverdale neighborhood in the former Regions Bank building. Built in 1955, the two story former Regions and First National Bank building,...
Ariva

Marcus & Millichap completes dual Fort Worth multifamily sale for $46 million

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Ariva and Tribecca Pointe, two multifamily assets totaling 351 units in...

Multifamily value-add opportunity hits the market near Tampa

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the exclusive opportunity to acquire Villas at Deer Park, a 172-unit apartment community in Lutz, Florida. The price is open bid. “This asset will...
Vista Ridge Apartments

Marcus & Millichap closes $76 million Reno multifamily asset sale

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Vista Ridge Apartments, a 324-unit multifamily asset in Reno, Nevada. The...

Pathway to Living begins pre-leasing at Heartis Village of Brookfield in West Suburban Milwaukee

Pathway to Living, a Chicago-based developer, owner and operator of senior living communities, today announced the start of pre-leasing at Heartis Village of Brookfield, a 104-unit assisted living and memory support community in Brookfield,...
Bainbridge Nona North

The Bainbridge Companies Celebrates Grand Opening of Bainbridge Nona North in Orlando

The Bainbridge Companies LLC, a fully integrated family of real estate companies that engage in virtually every step of the real estate process, from development and construction, acquisition and disposition, to asset management and...
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