Sunday, May 19, 2024

Deal boom

Apartment deals, mergers and acquisitions

JLL closes $103.45 million sale of 500 Harbour Island in Tampa

JLL announced that it has closed the $103.45 million sale of 500 Harbour Island, a 235-unit, luxury high-rise community in Tampa. JLL marketed the property on behalf of the seller, a joint venture between Forge...
Skyline Towers

JLL represents Equity Residential in sale of Skyline Towers

JLL announced today the closing of the sale of Skyline Towers, a 939-unit, high-rise apartment community located in Falls Church, Virginia. JLL marketed the property on behalf of the seller, Equity Residential, and procured the...

Interra Realty brokers sales of adjacent properties totaling $16.5 million on Chicago’s North Side

Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it brokered the sale of 44 apartments and three retail spaces in the 5400 block of North Broadway Avenue in Chicago’s Edgewater...
The Village Residences at San Antonio Center

Marcus & Millichap’s Institutional Property Advisors division closes San Francisco Bay Area mixed-use asset...

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of The Village Residences, a 330-unit luxury multifamily complex with 43,206 square feet of ground-floor retail in Mountain View, California. “Located...
2050 Morningside

American Landmark acquires apartments in Atlanta

American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, announces it has acquired 2050 Morningside, a 198-unit apartment community located in the Morningside/Lenox Park neighborhood of Atlanta, Ga. “2050 Morningside is a...
Longitude 81 Apartments

ECI Group acquires 260-unit Longitude 81 Apartments in Estero, Florida

ECI Group (ECI) announces the acquisition of Longitude 81 Apartments, a 260-unit, upscale apartment community at 11221 Everblades Parkway in Estero, Florida. Built in 2016, Longitude 81 encompasses 11, two-story apartment buildings on 17.95...

Core Spaces announces strategic partnership with Goldman Sachs

Core Spaces, one of the nation's leading developers, owners and operators of high-quality, mixed-use properties in educational markets, announced today its partnership with affiliates of the Merchant Banking Division of Goldman Sachs to recapitalize...
Cabana on 99th

JLL arranges $22.9 million construction loan for Phoenix development

JLL Capital Markets announced that it has arranged construction financing and joint venture equity for the development of Cabana on 99th, a 286-unit, garden-style multihousing project in Phoenix’s Glendale submarket. JLL worked on behalf of...

Ginnie Mae MBS outstanding increases to $1.942 trillion

Ginnie Mae today announced that issuance of its mortgage back securities (MBS) totaled $30.31 billion in March. A breakdown of March's issuance includes $28.659 billion of Ginnie Mae II MBS and $1.651 billion of Ginnie...
Jefferson at Farmingdale

Cushman & Wakefield brokers sale of Farmingdale, N.Y., multifamily asset

A newly-constructed, luxury mid-rise apartment community has sold in Nassau County, announced commercial real estate services firm Cushman & Wakefield. A team of capital markets specialists based in New York and New Jersey brokered...
The Mark Huebner Oaks

Institutional Property Advisors brokers 10 Class-A multifamily property sales in San Antonio for $568.45...

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of 10 multifamily assets totaling 2,290 units in San Antonio, Texas over 10 weeks. The properties sold for a total of...
Hoboken Point

Hartz Mountain Industries Launches Leasing for ‘Hoboken Point’ in the Iconic Lincoln Harbor Neighborhood

Hartz Mountain Industries, a private family-owned and operated real estate company, has commenced leasing for Hoboken Point, the luxury resort-style apartment development situated along the Hudson River on the border of Hoboken in Weehawken's...

New ownership for metroplex multifamily asset in Fort Worth

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Monticello Oaks, a three-story, 63-unit apartment complex in Fort Worth, Texas. “Monticello Oaks is a compelling value-add opportunity in the heart...

WinnCompanies joins with state and city officials to announce plans for $38.3 million mixed-income...

WinnCompanies, an award-winning multifamily development and management company, today joined with Massachusetts Lt. Gov. Karyn Polito, state and Lowell city officials to unveil plans for a $38.3 million residential construction project in the Hamilton...
Presidio

Institutional Property Advisors closes North Dallas multifamily asset sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Presidio, a 202-unit multifamily asset in Allen, Texas, a high-growth northern Dallas suburb. “Situated just off Interstate 75 and equidistant from...
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