Deal boom

JLL Capital Markets announced that it arranged the $104 million refinance of City Gardens, a recently developed multihousing property located in San Francisco, California. JLL worked on behalf of the borrower, Panoramic Interests, to secure...

JLL Capital Markets announced that it has arranged a $189 million construction loan for the development of the first phase of Port Covington, which, at up to 18 million square feet, will be one...

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Union at River East, a multifamily asset with 181 apartments and nine live-work units with ground-floor retail in the...

Avison Young announced it has brokered the $16.22 million sale of Sunrise Apartment Homes, a 56-unit multifamily property located at 8462 Whitaker Street in Buena Park, CA. Avison Young Principal Peter Hauser and Associate Matt...

JLL Capital Markets announced that it has arranged joint venture equity for the development of Modera Morrison, a 247-unit mixed-use multihousing and retail development in a qualified opportunity zone in Portland, Oregon’s popular Central...

JLL Capital Markets announced it closed the sale of the former Colonial Nursing Center in Weymouth, Massachusetts. The buyer plans to convert the property to a workforce housing asset. Located at 125 Broad St., the...

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Seventh, a 286-unit multifamily asset in Phoenix, Arizona. The $38.325 million sales price represents $134,003 per unit and $250 per...

JLL Capital Markets announced that it has arranged $81 million in construction financing to develop Adams & Grand, a mid-rise, transit-oriented, multihousing building within a Qualified Opportunity Zone in Los Angeles, California. JLL worked on...

Affordable Housing Investment Brokerage Inc. (AHIB) has recently sold Baker Manor Apartments in Macclenny, Florida for just over $2.5 million, with a reserve account released to the seller as additional consideration. Managing Director Kyle...

North Jersey’s high-barrier-to-entry locations continue to drive the metro’s magnetic multifamily sales as reflected in the recent $15.7M trade of Dover Hills Apartments, according to the brokerage professionals at Gebroe-Hammer Associates. The firm’s Steve...

Transwestern Investment Group (TIG) announces the acquisition of Daniel Island Village, a 283-unit apartment community at 455 Seven Farms Drive in Charleston, South Carolina. “We believe the asset’s location in the upscale, master-planned community of...

JLL Capital Markets announced that it has arranged $135 million refinancing for the 451-unit Altaire apartments in Arlington, Virginia. JLL worked on behalf of the borrower, LCOR, to secure the five-year, floating-rate loan to take-out...

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Kelley at Samuels Ave, a 353-unit multifamily asset in one of the oldest neighborhoods in Fort Worth, Texas. “Among Kelley at...

JLL Capital Markets announced that it has completed the $8.7 million sale of 121 East 37th St., an 8,850-square-foot multihousing building in New York’s Murray Hill neighborhood. JLL represented the seller. Kay-Medix acquired the newly...

CBRE announced that it has arranged the $69.25 million sale of Timberwood Commons, a 252-unit 100 percent market rate multifamily community located at 6 Timberwood Drive in Lebanon, New Hampshire. CBRE Capital Markets’ multi-housing experts...