Sunday, May 5, 2024

Deal boom

Apartment deals, mergers and acquisitions

Meridian at the Port

Cushman & Wakefield arranges multifamily sale on behalf of Bristol Mobile Partners

Cushman & Wakefield announced the commercial real estate services firm has arranged the sale of Meridian at the Port, a 267-unit apartment community located in Downtown Mobile, Alabama. Jimmy Adams and Craig Hey of Cushman...
Magnolia Heights

Newmark arranges sale of 149-unit trophy multifamily property in Urban San Antonio

Newmark announces the sale of Magnolia Heights, a 149-unit, mid-rise, trophy multifamily property in Alamo Heights, Texas, a suburb of San Antonio. Newmark Vice Chairman Patton Jones and Managing Director Matt Michelson represented the seller,...
51 Glen Eyrie Ave

Levin Johnston completes sale of 24-unit multifamily community in one of San Jose’s most...

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, announces its most recent multifamily transaction: the sale of...
Fountain View Apartments

The Mogharebi Group brokers a 153-unit multifamily community in Long Beach, California

The Mogharebi Group (TMG) representing a Los Angeles based seller, brokered a $47.05 million sale of Fountain View Apartment Homes, a 153-unit community in the Los Angeles County city of Long Beach, California. Built in...

Portland smart-home startup IOTAS sells to security giant ADT

Home security company ADT has purchased Portland startup IOTAS, whose technology adapts smart-home features for apartments buildings. IOTAS’ technology enables renters to control lights, thermostats, locks and other wireless features. Such automation is common in...
The Brittany

Marcus & Millichap brokers the sale of 320-unit affordable LIHTC apartment asset in Fort...

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of The Brittany, a 320-unit, affordable low-income housing asset located in Fort...
The Bevy

JVM Realty Corp. acquires The Bevy Luxury Apartment Community near Milwaukee

JVM Realty Corp., a leading vertically integrated multifamily real estate investment and property management firm, announced it has acquired The Bevy, a 175-unit luxury apartment community in the Milwaukee suburb of Brown Deer. “We are...
Oak Street Bungalows

Stepp Commercial completes $1.7 million sale of Oak Street Bungalows in Santa Monica, CA

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $1.7 million sale of Oak Street Bungalows, a five-unit apartment property located at 2444 Oak Street in Santa Monica,...

$51.35 million age-restricted multifamily asset sale in Utah closed by Marcus & Millichap

Marcus & Millichap announces the sale of Rosegate Draper, a 277-unit age-restricted multifamily asset located in Draper, Utah. The property sold for $51.35 million, which represents $185,379 per unit. “Age-restricted and seniors housing properties are...

Hello Living expands portfolio through Manhattan acquisition

Hello Living, a full-service real estate development firm based in Brooklyn, announced today the acquisition of 4650 Broadway, the firm’s first Manhattan development project. GreenbergFarrow has been retained as the Architect of Record for...

Downtown Tempe’s “The Local” to Open April 2019

The Local, a new, multimillion dollar, mixed-use development located in the heart of downtown Tempe at University Drive and Ash Avenue, is set to welcome its first residents April 2019. This newest addition to...

ZOM Living and The Moinian Group partner to develop Luma, a 434-unit luxury apartment...

ZOM Living and The Moinian Group are preparing to break ground on Luma at Miami Worldcenter, a 43-story apartment tower in the heart of Downtown Miami. Luma will be a focal point of Miami...

Sale of value-add investment property confirms strong Prince George’s County market

Transwestern Commercial Services (TCS) today announces its Mid-Atlantic Multifamily Group has brokered the sale of Ashton Heights, a high-rise, value-add investment property comprising 283 units at 3901 Suitland Road in Suitland, Maryland, for $45.8...

JLL arranges $97.5 million financing for Stamford mixed-use project

JLL announced that it has arranged $97.5 million in financing for the development of the second phase of Atlantic Station, a luxury mixed-use residential and retail property in downtown Stamford, Connecticut. JLL worked exclusively on...

Marcus & Millichap arranges the sale of a 28-unit apartment building in Lakeland, Florida

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Goodyear Apartments, a 28-unit apartment property located in Lakeland, Fla.,...
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