Deal boom

JLL Capital Markets announced the arrangement of $10.368 million in acquisition financing for the Candleglow Apartments located at 1071 Candlelight Blvd. in Brooksville, Florida. JLL worked on behalf of the borrower, Beachwold Residential, to secure...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $2.6 million sale of an eight-unit, value-add apartment property located at 11969 Iowa Avenue in West Los Angeles. Principal Kimberly...

Avison Young announced it has completed the $9.936 million sale of 4.11 acres of land (2.75 acres buildable) located at 28719 Los Alisos Boulevard in Mission Viejo, CA. The buyer, a prominent national builder...

Westmount Realty Capital announced the acquisition of Urban Trails at the District, a two-story, garden-style apartment community located at 1620 W Southern Ave. in fast-growing Mesa. The 156-unit multifamily community consists of one- and...

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Liv North Valley, a 385-unit luxury multifamily asset in Phoenix, Arizona. The property sold for $90 million, which equates to...

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Northshore Place, a 224-unit multifamily property in Portland, Texas. “Portland is the...

Gelt, Inc., a Los Angeles-based real estate investment and asset management firm, is pleased to announce it has acquired Silverwood Apartments for $30 million. The 164-unit property is located at 4777 SW 11th St.,...

PCCP, LLC and Terwilliger Pappas Multifamily Partners have formed a joint venture to develop Solis Cameron Hills, a 315-unit Class A multifamily community located on Grant Avenue in Raleigh, NC. The property will be...

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $2.075 million sale of 3821-23 W. Wrightwood Ave., a 13-unit multifamily building in Chicago’s Logan Square neighborhood. The price per...

Parkview Financial announced it has provided a $22.75 million construction loan to a joint venture of Noah Properties and MPM Holdings for the development of a for-sale, 67-unit townhouse project. Sited on 2.2 acres...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $3.5 million sale of Vanowen Collection, an 18-unit apartment property located at 12715 to 12719 Vanowen Street in North...

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 One Hampton Lake, a 330-unit Class A multifamily community...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $6.3 million sale of Washington Place, a 15-unit apartment property located at 401 Washington Avenue in Santa Monica, California. Principal...

Following the $45.08 million sale of two high profile urban San Diego mixed-use projects, San Diego-based Sunrise Management has taken over day-to-day management of both communities—Park + Polk and The Fort—both previously owned and...

JLL Capital Markets announced that it has arranged a $63 million recapitalization of the Channel Club, a recently completed two-story Class A high-rise apartment community located at 1115 E. Twiggs St. in Tampa, Florida. JLL...