Monday, May 6, 2024

Deal boom

Apartment deals, mergers and acquisitions

S'PARK

$76.8 million loan arranged for S’PARK Phase I in Boulder

JLL Capital Markets announced that it has arranged a $76.8 million loan for S’PARK Phase I, a newly constructed, mixed-use, Class A, multihousing community with office and ground-floor retail space in the Boulder Junction...

TruAmerica Multifamily expands into Georgia with two separate apartment buys in Atlanta for a...

TruAmerica Multifamily in partnership with Tokyu Land US Corporation has made its first investments in Georgia acquiring two Atlanta apartment communities in separate transactions totaling $127.35 million. Since entering the Southeast property markets in 2016,...
Village at Boca East

Berkadia secures $12 million in acquisition financing for 84-unit community in Boca Raton, Florida

Berkadia announces it has arranged $12 million in financing for the acquisition of The Village at Boca East, an 84-unit multifamily community in Boca Raton. Senior Managing Director Mitch Sinberg and Associate Director Matthew...
Shadow Creek Apartments

Levin Johnston directs acquisitions of two Bay Area properties totaling $30.8 million on behalf...

Levin Johnston of Marcus and Millichap, one of the top multifamily brokerage teams in the U.S. specializing in wealth management through commercial real estate investments, has announced the successful completion of two multifamily acquisitions...
Metro Tucson

Institutional Property Advisors facilitates Tucson multifamily asset sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Metro Tucson, a 232-unit multifamily property in Tucson, Arizona. The asset sold for $38.5 million, which represents $165,948 per unit. “Metro...
6811 S. Paxton

Interra Realty facilitates $2.3 million multifamily sale in Chicago’s South Shore Neighborhood

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $2.3 million sale of 6811 S. Paxton Ave., a 29-unit mid-rise apartment building in Chicago’s South Shore neighborhood. The price...
The Cielo Apartments

New multihousing community near Minneapolis sells for $59 million

JLL Capital Markets announced that it has closed the $59 million sale of and arranged $44.25 million in acquisition financing for The Cielo Apartments, a 269-unit, multihousing community in the Minneapolis suburb of Fridley,...
Golden Peak Portfolio

Gebroe-Hammer Associates arranges $65 million multifamily portfolio sale of 400 units across three North...

Gebroe-Hammer Associates’ Niko Nicolaou, executive vice president, has arranged the $65M sale of the Golden Peak Portfolio, a 400-unit multifamily package spanning the Hudson Palisades region. Situated directly across from Midtown Manhattan and the...
NOVEL Midtown

Cushman & Wakefield Arranges $77M Sale of NOVEL Midtown in Atlanta

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale and acquisition financing of NOVEL Midtown by Crescent Communities, a 340-unit core high-rise multifamily community in Atlanta, Georgia. Financing...
Archway Commons

EAH Housing Unites with State and Local Officials for Grand Archway Commons II Unveiling...

Mayor Sue Zwahlen and State Treasurer Fiona Ma, together with EAH Housing, celebrated the grand opening of Archway Commons II, the second and final phase of the previously constructed affordable housing community Archway Commons...
Minns Apartments

Marcus & Millichap arranges the sale of Minns Apartments in Machesney Park, Illinois

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Minns Apartments, a 36-unit apartment property located in Machesney Park, IL,...
The Moderne at Providence

Cushman & Wakefield arranges multifamily sale on behalf of RAS Realty Partners

Cushman & Wakefield announced the commercial real estate services firm has arranged the sale of The Moderne at Providence, 300-unit apartment community located in Huntsville, Alabama. Jimmy Adams and Craig Hey of Cushman & Wakefield...
Country Club Garden Apartments

CBRE sells Country Club Garden Apartments to The Hamilton Company for $59.5 million

CBRE announced the sale of Country Club Garden Apartments located at 57 Mill Street in Woburn, Massachusetts, for $59,550,000. CBRE Capital Markets’ multihousing experts Simon Butler and Biria St. John exclusively represented the seller, Ninety Three...
Camden Parc Apartments

Solano County apartment complex sale brokered by Marcus & Millichap

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Camden Parc Apartments, a 232-unit apartment complex. The property sold for...

FC acquires national footprint within Coldwell Banker Commercial Advisors and establishes Advisors Commercial Real...

First Capital today announced that it has acquired assets of Coldwell Banker Commercial Advisors, a privately held affiliate of Coldwell Banker Commercial, on March 31, 2018, for an undisclosed price. The acquisition combines FC’s...
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