Thursday, April 25, 2024

Deal boom

Apartment deals, mergers and acquisitions

Wood Partners announces grand opening of Alta Waterside

Wood Partners, a national leader in multifamily real estate development and acquisition, announced the grand opening of its new community—Alta Waterside—in Fort Worth, Texas. A one-of-a-kind residential community located at 3964 Watercourse Drive, Alta Waterside...
147 Columbia

Garden Communities Announces Pre-Leasing is Underway at 147 Columbia in Florham Park New Jersey

Garden Communities has launched pre-leasing at 147 Columbia in Florham Park, with the first resident move-ins expected in late spring. The boutique multifamily rental community combines 126 luxury apartments with a complement of lifestyle...
E11EVEN Residences Beyond

JLL arranges $262 million financing for the development of luxury condominium tower in Miami

JLL’s Capital Markets group announced that it has secured the $262 million construction financing for E11EVEN Residences Beyond, a 65-story condominium development in Miami, Florida. The project will include over 550 luxury condominium units, 13,861...
The Point at Biscay

Fannie Mae lends $24.375 million for Colorado townhome community

JLL Capital Markets announced that it has arranged $24.375 million in acquisition financing for The Point at Biscay, formally known as Outlook Biscay, a 96-unit, Class A townhome community in Aurora, Colorado. JLL worked on...
5150 JB Drive Apartments

$76.8 million in financing secured for multihousing community near Nashville

JLL Capital Markets announced that it has arranged $76.8 million in acquisition financing for the 5150 JB Drive Apartments, a 384-unit, luxury, garden-style multihousing community in Murfreesboro, Tennessee within the Nashville MSA. JLL worked on...
Advenir on Addison

North Dallas multihousing property refinanced

JLL Capital Markets announced that it has arranged the refinancing of Advenir on Addison, a 264-unit, garden-style multihousing property in North Dallas. JLL worked on behalf of the borrower, Advenir, to secure the seven-year, fixed-rate...
The Mosaic on Broadway

Institutional Property Advisors closes mixed-use asset sale in San Antonio

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Mosaic on Broadway, a 120-unit multifamily complex with 15,593 square feet of retail in San Antonio, Texas. “The Mosaic on...
Chelsea Museum District

Berkadia arranges sale of Class A multifamily high-rise in Central Houston, Texas

Berkadia Institutional Solutions announces it has arranged the sale of Chelsea Museum District, a 325-unit trophy-quality multifamily high-rise in Central Houston, Texas. Senior Managing Directors Chris Curry and Todd Marix, Managing Directors Jeff Skipworth,...
The Shay

Best-in-class multihousing community in Washington, D.C. sells

JLL Capital Markets announced that it closed on the sale of The Shay, a 245-unit, best-in-class multihousing community located in the highly sought-after Shaw neighborhood of Washington, D.C. JLL represented the seller in the transaction. Built...
Byron Street Apartments, Carteret, NJ

Gebroe-Hammer Associates arranges $9.72 million off-market multifamily portfolio sale in Central New Jersey

Gebroe-Hammer Associates has arranged the $9.72 million off-market sale of a three-property Middlesex County, NJ multifamily portfolio. The firm brokered the 53-unit transaction on behalf of the unnamed seller and procured the buyer, Golden...

Parkview Financial provides $26 million construction loan for a multifamily/retail project in Denver, CO

Parkview Financial announced today it has provided a $26 million construction loan to Art District Holdings, a Denver-based apartment developer, for the development of an eight-story apartment and retail building located at 1225 Santa...
Atlas Bluewood Apartments

West Shore acquires Atlas Bluewood Apartments in Dallas-Fort Worth market

West Shore, a fully integrated real estate investment firm with a specific focus on the acquisition and management of multifamily assets, announced its acquisition of The Livano at Bluewood, located north of Dallas in...
Athens Reserve Apartments

The Multifamily Group brokers 122 unit vacant hotel in Athens, Texas

The Multifamily Group (TMG), a Dallas-based commercial real estate brokerage firm, announced that it had facilitated the sale of the former Quality Inn & Suites in Athens, Texas. Advisor Greg Miller represented the buyer. Profectus...
The George Besaw

The George Besaw Apartment mixed-use building in Portland, Ore. sells for $23.625 million

Kidder Mathews is pleased to announce the sale of The George Besaw for $23,625,000. The 51-unit, apartment / mixed-use building is located at 2323 NW Savier Street in Portland, Oregon. Kidder Mathews’ team of...

Levin Johnston directs two property sales totaling $11 million in Silicon Valley

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, has successfully directed two commercial property sales totaling $11...
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