Saturday, May 18, 2024

Deal boom

Apartment deals, mergers and acquisitions

Cushman & Wakefield arranges $35 million sale of Wildewood Downs​

Cushman & Wakefield has negotiated the sale of Wildewood Downs, a 248-unit, entrance-fee continuing care retirement community in Columbia, South Carolina. The Tampa, Florida-based Cushman & Wakefield Senior Housing team of David Kliewer, Paul Carr and Allen McMurtry represented an affiliate of...
TwentyOnes

PCCP, LLC provides $29 million construction loan to Rockworth Companies for urban infill multifamily/retail...

PCCP, LLC announced that it has provided a $29 million construction loan to Rockworth Companies for the development of TwentyOnes, a 108-unit urban infill multifamily project with 20,500 square feet (sf) of ground floor...
Bellevue Mill

Cushman & Wakefield arranges $18.5 million sale on behalf of Bellevue Mills Holdings

Cushman & Wakefield has arranged the $18.5 million sale of Bellevue Mill, a 112-unit apartment community located in Hillsborough, North Carolina. Watson Bryant, Paul Marley and Hunter Bowling of Cushman & Wakefield represented the...

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...
Bloom 24

Renovated Phoenix multifamily asset sold by Institutional Property Advisors

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Bloom 24, a 114-unit multifamily complex in Phoenix. Highline Property Group (Highline), based in Denver, Colorado, purchased the property...
Radius Mountain Creek

The RADCO Companies announces sale of Radius Mountain Creek multifamily property in Chattanooga, Tennessee

The RADCO Companies (RADCO), one of the nation’s leading opportunistic real estate developers, announced the sale of Radius Mountain Creek, a 296-unit apartment complex in Chattanooga, TN for $32,000,000. A real estate fund managed...
3D-Printed

Apis Cor to Build a 3D-Printed Model House to Demonstrate Workforce Housing in South...

Apis Cor, a pioneer in construction technology, has commenced construction of a fully permitted 3D-printed residential house in Melbourne, Florida. The 2,168-square-foot house is tailored to meet both long-term and short-term rental needs for workforce...
Alexan West End

CBRE Secured $200M in Financing for Long Beach Multifamily Development Alexan West End

CBRE secured $200 million in financing for developing Alexan West End, a 600-unit multifamily community in Long Beach, on behalf of R&V Management and Trammell Crow Residential. The property is located just north of...

The Opus Group announces completion of high-end multifamily apartments in Edina, Minnesota

The Opus Group (Opus) today announced the completion of The Loden, a four-story, 246-unit multifamily development in Edina, Minnesota. The site has undergone a profound transformation from a vacant office building into a vibrant...
Forest Manor Apartments

Kairos Investment Management Company acquires 103-unit affordable multifamily property in Glendale, Colorado

Kairos Investment Management Company (KIMC), a firm that focuses on value-based real estate investments with favorable risk/reward characteristics, has acquired Forest Manor Apartments, a 103-unit affordable multifamily property in Glendale, Colorado. “Kairos is constantly looking...
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...
Avilla Town Square

NexMetro Communities sells Phoenix metro asset for $42.6 million

NexMetro Communities, a pioneer of single-level luxury leased home neighborhoods, has sold its 152-unit Avilla Town Square asset for $42.6M to Keller Investment Properties. “This NexMetro sale further validates the tremendous value in the market...
Pointe at Eastgate

Cambridge Realty Capital Provides Refinancing on The Pointe at Eastgate Assisted Living Facility Near...

Cambridge Realty Capital provided a $15.52 million HUD Lean loan to refinance The Pointe at Eastgate, an assisted living facility located in Algonquin, Illinois. Brent Holman-Gomez, Cambridge Senior Vice President, reported that the fully-amortized, 35-year...
FAT Village

Hines Secures $220M Construction Loan for Ft. Lauderdale Mixed-Use Development FAT Village

Hines and local partner Urban Street Development have secured a $220 million loan from Bank OZK for the construction of phase 1 of FAT Village, a 5.6-acre, 835,000-square-foot master-planned urban mixed-use development in Fort...
1954 Argyle Avenue

Avison Young brokers sale of lender-owned, 5-unit Hollywood Hills apartment property

Avison Young, the world’s fastest-growing commercial real estate services firm, announced that it has brokered the $1.7 million sale of a lender-owned, five-unit apartment property located at 1954 Argyle Avenue in the Hollywood Hills...
Yield PRO