Thursday, May 2, 2024

Deal boom

Apartment deals, mergers and acquisitions

Solano Pointe Apartments

ABI Multifamily brokers South Glendale 276-unit multifamily apartment community for $42 million

ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $42,000,000 / $152,174 Per Unit / $233.50 Per SF sale of Solano Pointe Apartments, a...
Nexus at Sandhill

Cushman & Wakefield arranges $35.7 million sale on behalf of VAS Apartments, LLC, an...

Cushman & Wakefield announced the commercial real estate services firm has arranged the $35.7 million sale of Nexus at Sandhill, a 240-unit apartment community located in Columbia, South Carolina. Tai Cohen, John Phoenix and Richard...
Metro West 130

$136 million trade of Class A multihousing portfolio on Long Island closes

JLL Capital Markets announced that it has closed the $136 million sale of a multihousing portfolio consisting of two Class A communities totaling 316-units in West Hempstead and Hempstead, New York. JLL marketed the properties on...
Howard Theater Building

Becovic adds iconic Howard Theater Building in Rogers Park to its portfolio

Becovic, a Chicago-based multifamily owner and operator, has added The Howard Theater Building to its Rogers Park portfolio. The mixed-use property at 1615-43 W. Howard Street sold for $7,500,000 and was brokered by Becovic...
Lenox Gates

Cushman & Wakefield arranges $121 million sale of Gates 4 Multifamily portfolio

Cushman & Wakefield announced that the commercial real estate services firm has arranged the $121 million sale of the Gates 4 Portfolio, a collection of four multifamily properties located in Fairhope, Daphne and Mobile,...
Town Hall Terrace

460-unit sale of multihousing community between Buffalo and Niagara Falls, NY trades

JLL Capital Markets announced that it has closed the sale of Town Hall Terrace, a 460-unit multihousing community located in Grand Island, New York. JLL marketed the property on behalf of a private owner who...

KTGY-designed mixed-use apartment community for 55+ active lifestyle to open near light rail station...

International award-winning KTGY Architecture + Planning announced today that Vita, a LEED Gold-designed 55+ mixed-use residential rental apartment community in the Denver Metro area is nearing completion. The sustainable 159-unit apartment community developed by...

Legacy Partners announces grand opening of Baxter on Broadway

Legacy Partners, a privately owned national real estate firm, announced the grand opening of Baxter on Broadway, a five-story, 130-unit boutique apartment community in the Temescal neighborhood of Oakland. Baxter on Broadway, located at...
224 S. Oak Street

CBRE arranges sale of multifamily asset in Orange County, Calif., for $462 PSF

CBRE announced the sale of a four-unit multifamily property in Orange County, Calif., for $1,590,000, representing 99 percent of the list price and $462 per square foot. CBRE’s Executive Vice President Dan Blackwell, Vice President...

Lakeview Land Partners purchases 34 Units Near UC Berkeley

Lakeview Land Partners, an Oakland based multifamily housing investment company has purchased The Bishop Berkeley Apartments, a 34-unit apartment complex located at 2709 Dwight Way in Berkeley CA. The Bishop Berkeley Apartments are located at...
Crossing at Barry Road

L5 Investments Partnership acquires 624-unit The Crossing at Barry Road Apartment Community in Kansas...

A joint venture partnership of L5 Investments, Odyssey Properties Group and BH Equities announced it has acquired The Crossing at Barry Road Apartments, a 624-unit, 95 percent occupied, value-add apartment community located at 7831...

Passco Companies acquires 220-unit luxury multifamily community in Knoxville, Tennessee

Passco Companies, a privately held California-based commercial real estate company that specializes in acquisition, development, and property and asset management throughout the U.S., has acquired Tapestry at Turkey Creek, a 220-unit, best-in-class luxury apartment...
UIC Medical District

Kiser Group closes a $15 million deal off market

Kiser Group has brokered a $15M portfolio in the UIC Medical District. The seller University Rentals UIC sold the property to Bay Laurel Partners in an off-market deal. The portfolio is strategically located in close...
Infinity Shore Club Residences

JLL raises capital for Seattle luxury waterfront residential project

JLL announced today that it has raised capital totaling $43.5 million for the development of Infinity Shore Club Residences, a 40-unit, luxury, for-sale residential project in the desirable Alki Beach neighborhood of Seattle, Washington. JLL...
The Riverfront

JLL arranges construction loan for first phase of The Riverfront development in Waco, Texas

JLL Capital Markets announced that it has arranged construction financing for The Riverfront Lofts, a 266-unit, Class A multihousing project, which will be the first phase of The Riverfront mixed-use waterfront district in downtown...
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