Sunday, May 19, 2024

Deal boom

Apartment deals, mergers and acquisitions

Poplar Place

Waitlist Now Open at Poplar Place, Newly Renovated Affordable Housing Community in Springfield Illinois

Related Midwest, one of the region’s leading developers of affordable housing, announced the waitlist for affordable apartments at Poplar Place, a 100-unit affordable family apartment community in Springfield, Illinois is currently open and renovated...
Arya Peachtree

Cushman & Wakefield arranges $90 million refinancing loan for Arya Peachtree

Cushman & Wakefield announced that the commercial real estate services firm has arranged $90 million in refinancing on behalf of Perennial Properties, Inc. for Arya Peachtree, a 282-unit multifamily property located at 1777 Peachtree St....
Travis Elementary

First Financial Bank Announced $5.5M for the Conversion of Historical Travis Elementary School into...

First Financial Bank has announced a $5.5 million investment to support the Landmark at Abilene senior housing project. The historic renovation of the former Travis Elementary School at 1101 S. 9th Street in Abilene,...
Art 88 Apartments

Trion Properties continues to expand presence in Florida; acquires 294-unit multifamily community in Miami...

Trion Properties, a multifamily investment sponsor and private equity real estate firm based in West Hollywood, California and Miami, Florida, has acquired Art 88 Apartments, a 294-unit multifamily community in the Miami Springs/Doral submarket...
Villa Sierra & Wyndchase Apartments

The Multifamily Group brokers 393-unit portfolio in El Paso, Texas

The Multifamily Group (TMG), a Dallas-based commercial real estate brokerage firm, announced this week that it had facilitated the sale of Villa Sierra & Wyndchase Apartments in El Paso. Chris Siemasko represented the seller,...
Summit at Hyde Park

DB Capital recapitalizes 192-unit multifamily property in Austin, Texas

DB Capital in joint venture with a CrowdStreet, has recapitalized Summit at Hyde Park, a 192-unit apartment community in Austin, Texas. The acquisition represents a recapitalization of the 1980’s vintage garden style community, originally acquired...
225 North Calvert Street

Baltimore Class A multihousing community trades

JLL Capital Markets announced that it has closed the sale of 225 North Calvert St., a 347-unit, Class A multihousing community with ground-floor retail in the Inner Harbor District of Baltimore, Maryland. JLL marketed the...
River Oaks District

JLL Arranged the Sale of the Luxury River Oaks District in Houston Texas

JLL Capital Markets announced that it has closed the sale of River Oaks District, a landmark, 663,408-square-foot, luxury mixed-use asset located in Houston, Texas. The property includes 302,668 square feet of luxury retail, 279...

Westwood multifamily property sells for record high $373 per square foot price

Wiseman Residential, a prominent real estate developer in Southern California, has purchased a multifamily property located at 10751 Missouri Avenue in Los Angeles, California, for $3,025,266 in an off-market deal. The seller was a...

Dominium begins construction on East Range Crossings

Dominium, a leading apartment owner, developer and manager, with regional headquarters in Denver, announced today that it will begin construction on East Range Crossings, a 252-unit affordable housing development in Denver, Colo. Dominium will begin...
Lake Jonathan Flats

Lake Jonathan Flats in growing Minnesota submarket purchased for $30 million

JLL Capital Markets announced it has closed the $30 million sale for Lake Jonathan Flats, a multihousing property totaling 117 units and located in Chaska, Minnesota, about 25 minutes southwest of Minneapolis. JLL worked on...
The Mabel Exchange

Kiser Group brings The Mabel Exchange to market in Edgewater

Kiser Group, Chicagoland’s leading multifamily brokerage firm, presents the sale of The Mabel Exchange. Located at 5920 N. Ridge Avenue, The Mabel Exchange is a mixed-use property in Edgewater’s Andersonville neighborhood, recently ranked the...
Rahway Plaza Apartments

New Jersey multihousing community secures $11 million financing

JLL Capital Markets announced that it has arranged $11 million in permanent financing for Rahway Plaza Apartments, a two-building, 288-unit high-rise apartment community located in downtown Rahway, New Jersey. JLL represented the borrower, Denholtz Properties,...
15 Parkview

Bronxville’s 15 Parkview Now Available for Rent in New York

Elk Homes, a leading developer of luxury residential rental properties in lower Westchester and Greenwich, Connecticut, announces that leasing has commenced at its newest venture, 15 Parkview Avenue in Bronxville, New York. Comprising an 80,000-square-foot...
Equinox on Prince

Institutional Property Advisors negotiates Tucson apartment asset sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Equinox on Prince, a 114-unit multifamily asset in Tucson, Arizona. The property sold for $21.1 million, which equates to $185,088...
Yield PRO