Saturday, May 4, 2024

Deal boom

Apartment deals, mergers and acquisitions

St. George Harrison Apartments

Gebroe-Hammer Associates arranges $19.5 million sale of the St. George Harrison Apartments in Hudson...

Gebroe-Hammer Associates has arranged the $19.5M sale of St. George Harrison Apartments, a newly developed 60-unit midrise in the Hudson County borough of East Newark, N.J. Executive Vice President Niko Nicolaou, the firm’s Hudson...
Jefferson Boardwalk

Suburban North Dallas apartment complexes sold by Institutional Property Advisors

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of two multifamily properties totaling 710 units in suburban North Dallas. The properties are Jefferson Eastshore, a 286-unit asset in Irving,...
Sophia Villa

Marcus & Millichap arranges the sale of Sophia Villa, a 22-unit apartment property in...

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Sophia Villa, a 22-unit apartment property located in Tampa, Fla. according...
Summerhill at Meadowcrest

Marcus & Millichap arranges the sale of Summerhill at Meadowcrest, a 28-unit apartment building...

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Summerhill at Meadowcrest, a 28-unit apartment property located in Crystal River,...
873 West Blvd

CBRE arranges $16.3 million 1031 exchange sale of Hartford workforce housing portfolio

CBRE announced the 1031 sale of the Hartford Workforce Housing Portfolio, which consists of 217 apartments, for $16.3 million. The sale included 873 West Boulevard and 748 New Britain Avenue in Hartford, Conn., comprising...
Creekside Apartments

Trion Properties acquires 80-unit apartment community in San Leandro, California

Trion Properties, a private equity real estate firm that specializes in multifamily investments in western markets, has acquired Creekside Apartments, an 80-unit multifamily community in San Leandro, California, for $20.5 million. The transaction is Trion’s...
The Views at Georgia Avenue

Parkview Financial provides $7.2 million construction loan for 20-unit apartment property in Washington D.C.

Parkview Financial announced it has provided a $7.2 million construction loan to GA Views Management, LLC for the completion of The Views at Georgia Avenue, a Class A, 20-unit apartment property. Located at 3557...
Garabrant

$20.5 million refinancing secured for Garabrant in New Jersey

JLL Capital Markets announced that it has arranged a $20.5 million refinancing for Garabrant in Jersey City, New Jersey. JLL worked on behalf of the borrower, Point Capital Development, LLC, to place the 10-year, fixed-rate...
Enclave at Northwood

$24.126 refinancing secured for the Enclave at Northwood in Clearwater

JLL Capital Markets announced that it arranged the $24.126 million refinancing for the Enclave at Northwood multihousing community located at 2690 Enterprise Road E. in Clearwater, Florida. JLL worked on behalf of the borrower, JWC...
88-94 Tonnelle Ave., Jersey City NJ

Gebroe-Hammer’s Niko Nicolaou orchestrates $9.75 million sale of two-property multifamily portfolio in Journal Square...

In the heart of Jersey City’s trendy and newest revitalized neighborhood—Journal Square—Gebroe-Hammer Associates’ Executive Vice President Niko Nicolaou has arranged the $9.75M sale of a two-property multifamily portfolio. Combined, 618-620 Summit Ave., and 88-94...
Bell Stoughton

CBRE arranges sale of Bell Stoughton

CBRE announced that it has arranged the sale of Bell Stoughton, a Class A multifamily community located at 400 Technology Center Drive in Stoughton, MA. CBRE Capital Markets’ multihousing experts Simon Butler, Biria St. John...
1015 N. Pulaski

Kiser Group brokers $2.85 million in West Side affordable multifamily sales

Kiser Group, Chicago’s leading multifamily brokerage firm, recently brokered two separate multifamily transactions on the west side of Chicago. 1015 N. Pulaski sold for $1,900,000, and 4301 W. Gladys sold for $950,000. 1015 N. Pulaski...
The Park at Rialto

Sale and financing secured for San Antonio apartment complex

JLL Capital Markets announced that it has closed the sale of and arranged acquisition financing for the Park at Rialto, a newly constructed, 274-unit, garden-style multihousing community built by GenCap Partners, Inc. in the...
Harlow Luxury Apartments

Next Wave Investors sells 98-unit luxury multifamily community in Las Vegas after completing strategic...

Next Wave Investors, LLC (Next Wave) a private equity firm focused on value-add multifamily investments, has sold Harlow Luxury Apartments, a 98-unit Class A luxury multifamily community in Las Vegas, Nevada. The asset was...
Oxford Interior

Dunleer sells fully renovated apartment asset, The Oxford Hollywood, for $410,000 per unit

Dunleer, a Los Angeles-based private real estate investment and development firm, announced the $2.05 million sale of The Oxford Hollywood, a fully occupied five-unit apartment property located at 1020 N. Oxford Avenue in Los...
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