Friday, April 19, 2024

Deal boom

Apartment deals, mergers and acquisitions

Mode Apartments

12 multifamily asset sales valued at $535 million closed by Institutional Property Advisors’ Northern...

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced that in the fourth quarter of 2020, its Palo Alto, California-based multifamily team brokered the sales of 12 assets totaling 1,552 units valued...
Westville Village Apartments

Institutional Property Advisors closes 294-unit multifamily asset in Connecticut

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Westville Village Apartments, a 294-unit apartment complex in New Haven, Connecticut. “New Haven’s ongoing growth in the educational, biotech and medical...
Solaris Lofts

Solaris Lofts in Jersey City refinanced with $20.03 million agency loan

JLL Capital Markets announced that it has arranged a $20.03 million refinancing for Solaris Lofts, a 72-unit multihousing community in Jersey City, New Jersey. JLL worked on behalf of the borrower, PERE Holdings, to secure...
1315 W. 19th Street

Stepp Commercial completes $5.2 million sale of a 22-unit apartment property in Long Beach,...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $5.2 million sale of a 22-unit apartment property located at 1315 W. 19th Street in Long Beach, California. Principal Robert...
Emerald Bay Apartments

Parkview Financial provides $9.4 million construction loan for an 82-unit multifamily development in Tacoma,...

Parkview Financial announced it has provided a $9.4 million construction loan to Emerald Bay Apartments, LLC for Emerald Bay Apartments, an 82-unit multifamily project located at 1624 E 32nd Street in Tacoma, WA. Construction...
Vinan Apartments

Kiser Group advises on $4.15 million, 64-unit Melrose Park, Illinois multifamily sale

Kiser Group, Chicago’s leading multifamily brokerage firm, advised on the sale of Vinan Apartments in Melrose Park, Ill. Located at 2901 Vinan Drive, the 64-unit multifamily asset sold for $4.15 million. Director Matt Halper...
Vanguard and North Independence

$90.5 million financing arranged for two multihousing properties in Hoboken

JLL Capital Markets announced that it has arranged $90.5 million in financing for The Vanguard and North Independence multihousing properties in the bustling Shipyard neighborhood of Hoboken, New Jersey. JLL worked on behalf of Ironstate...
The Mill at New Holland

Passco acquires new, best-in-class multifamily community in Gainesville, Georgia for $65 million

Passco Companies, a privately held California-based commercial real estate company that specializes in acquisition, development, and property and asset management throughout the U.S., has acquired The Mill at New Holland, a new, best-in-class multifamily...
Wheelhouse Apartments of Fair Oaks

Grosvenor Americas closes sale of Wheelhouse Apartments of Fair Oaks

Grosvenor Americas (‘Grosvenor’), the privately owned international property group, announces the sale of Wheelhouse Apartments of Fair Oaks (‘Wheelhouse’), a 491-unit apartment building at 12105 Polo Drive in Fairfax, Virginia. Grosvenor bought the property...
LaVie SouthPark

LaVie SouthPark apartments in Charlotte purchased by Starlight

JLL Capital Markets announced that it has closed the sale of LaVie SouthPark, a 321-unit multihousing property located at 5725 Carnegie Blvd. in Charlotte, North Carolina. JLL represented the seller to complete the sale to...
Pointe Vista Apartments

ABI Multifamily brokers 160-unit Northwest Phoenix apartment community for $24.25 million

ABI Multifamily—the leading multifamily brokerage and advisory services firm in the Western US—is pleased to announce the $24.25 million / $151,563 Per Unit / $204.66 per square foot sale of Pointe Vista Apartments, a...
Villa Valentino

Universe Holdings acquires historic multifamily community in Hollywood for $6.9 million

Universe Holdings has acquired, Villa Valentino, an historic 18-unit multifamily community in Hollywood, CA for $6.9 million. Built in 1926, the property at 2000 N. Highland Boulevard and once home to Charlie Chaplin is registered...
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...
821 S. Gramercy Drive

Stepp Commercial completes $2.85 million sale of a 9-unit value-add apartment property in Koreatown...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $2.85 million sale of a nine-unit apartment property located at 821 S. Gramercy Drive within the Koreatown submarket of...
The Grove on Glendale

Next Wave acquires newly built luxury community in Phoenix for $25.5 million

Next Wave Investors, LLC (“Next Wave”) a private equity firm focused on value-add multifamily investments, acquired The Grove on Glendale, a new 56-unit luxury townhome community in North Central Phoenix, Arizona for $25.5 million...
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