Wednesday, November 27, 2024

Deal boom

Apartment deals, mergers and acquisitions

Provon Lane

11-Unit Apartment Complex on Provon Lane in LA’s Castle Heights Neighborhood Sells for $2.35M

Kidder Mathews has successfully brokered the sale of a multifamily property at 3280 Provon Lane in the Castle Heights neighborhood of Los Angeles for $2.35 million. The buyer, a local private investor, plans to take...
Skymor at Pearland

PCCP, LLC Acquires 13-Acre Land Parcel for Development of 109-Unit Built-for-Rent Townhome Community Skymor...

PCCP, LLC announced it has acquired 13-acre parcel of land for the construction of Skymor at Pearland, a Class A, 109-unit built-for-rent gated townhome community located on Old Chocolate Bayou Road in Pearland, Texas...
Hale Mahana

JLL Facilitates Sale of Prime Student Housing Asset Hale Mahana in Honolulu Amidst High...

JLL Capital Markets announced that it has arranged the sale of Hale Mahana, a rare fee-simple student housing property serving the flagship University of Hawaii at Manoa in Honolulu, Hawaii. JLL worked on behalf of...
Melrose

Bolour Receives Entitlements for Apartment Complex Development on Melrose Avenue in East Hollywood

Privately-owned real estate investment, development and finance company Bolour Associates Inc. (BOLOUR) has secured entitlements to build a seven-story, for-rent residential apartment building in East Hollywood’s Melrose Hill neighborhood. Located at 4800 W. Melrose Avenue...
The Cliftwood Sandy Springs Georgia

Smith Hill Capital with ECI Group and InterVest Form $250M Multifamily Lending Platform

Smith Hill Capital (“Smith Hill”), ECI Group (“ECI”), and InterVest have launched a $250 million private lending platform to provide financial solutions including first mortgages, mezzanine loans, and preferred equity investments to multifamily owners...
Broadway and 27th Street

West Palm Beach Developer Duo Proposing Affordable Apartment Project at Broadway and 27th Street

A partnership between Procida Development Group and Tre Bel Housing Development Group has offered West Palm Beach a sum of $500,000 for a 3/4-acre plot of land owned by the city. The developers plan...
Quinn35

CBRE Arranges Sale of 250-Unit Quinn35 Apartments in Shrewsbury Massachusetts

Representatives of CBRE, led by Simon Butler, Biria St. John, John McLaughlin, and Brian Bowler announced the sale of Quinn35, a 250-unit, Class A apartment community in Shrewsbury, Massachusetts. CBRE represented the seller, an affiliate...
Park Place

Eastham and Mosaic Completes Purchase of Two Houston Multifamily Properties Amber Oaks and Park...

Eastham Capital and Mosaic Residential facilitate the purchase of a two-property Houston multifamily portfolio, Amber Oaks in Pearland and Park Place in downtown Houston. The terms of the transaction along with seller/buyer information was...
Fair Haven Commons

MidPen Completes Bay Area Affordable Housing Community Fair Haven Commons

MidPen Housing has officially opened Fair Haven Commons, a 72-unit affordable community in Fairfield, California. This property marks MidPen’s third development in the city. The all-electric community features studio and one- to three-bedroom floorplans ranging...
Cityline

Sares Regis Group Celebrates Grand Opening of Cityline Mixed-Use Development Near San Jose

Sares Regis Group of Northern California (SRGNC) and Hunter Partners joined the Sunnyvale community for the much-anticipated official grand opening of Cityline, a vast new transit-oriented, mixed-use destination in downtown Sunnyvale, California. In late 2015,...
Legacy at University Place

Legacy Partners and Silverpeak Close Loan for $39.8M and Break Ground on 240-residence Apartment...

Legacy Partners (“Legacy”), a privately held national real estate firm, together with their joint venture partner Silverpeak Real Estate Partners, announced the start of construction for Legacy at University Place, a 240-residence apartment community...
Aqua Sandy Springs

Global Real Estate Advisors Announces Sale of Aqua Sandy Springs Near Atlanta

Global Real Estate Advisors (GREA), a full-service real estate advisory firm specializing in multifamily acquisitions and dispositions, announces the $36.7 million sale of Aqua Sandy Springs in Sandy Springs, Georgia. Global Real Estate Advisors represented...
Manhattan

Marcus & Millichap Closes $38M Mixed-Use Portfolio Sale in Manhattan

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of 329-335 East 9th Street and 516-518 East 13th Street, a 49,513-square-foot,...
80 Dekalb Avenue

Atlas Capital Group Acquires 80 DeKalb Avenue in Brooklyn

Atlas Capital Group, a full-service real estate investment, development and management firm based in New York, announced that it has purchased 80 Dekalb Avenue in Brooklyn. The terms of the deal are undisclosed. Known for...
Ebenezer Plaza

NYC Housing Partnership to Honor Ebenezer Plaza Owners with the Innovation Award at 41st...

Jamie Smarr, President and CEO of the NYC Housing Partnership and Adolfo Carrion, Commissioner of the New York City Department of Housing Preservation and Development will jointly present Ebenezer Urban Ministry Center (EUMC), Brisa...
Yield PRO