Friday, May 3, 2024

Deal boom

Apartment deals, mergers and acquisitions

Cottonwood Terrace apartments

Colorado Springs apartments sold to Oak Coast Properties for $37.25 million

JLL Capital Markets announced that it has completed the $37.25 million sale and $28.5 million financing of the Cottonwood Terrace apartments located at 2864 Dublin Blvd in Colorado Springs, Colorado. JLL worked on the behalf...
The Shaw

Northwest Washington D.C. apartments purchased in cash for $49 million

JLL Capital Markets announced that it has closed the $49 million sale of The Shaw, a multihousing apartment community in the Northwest Washington D.C. area. JLL completed the sale from the seller, Monument Realty, to...
Shelby’s Crest

Colliers International Florida’s affordable housing group brokers $8.5 million sale of Indiana multifamily asset

As demand for Affordable Housing assets continues to increase in light of the COVID-19 pandemic, Colliers International Florida is pleased to announce that it recently closed on the $8.5 million sale of Shelby’s Crest,...
Sunnyvale Saratoga

Levin Johnston directs three multifamily property sales in California Bay Area for a total...

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 directed three multifamily property sales in the Bay...
The Bowery at Southside

Institutional Property Advisors brokers Metroplex multifamily sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Bowery at Southside, a transit-oriented, 303-unit multifamily property in the South Main Village development in Fort Worth, Texas. “The Bowery...
Mills Creek

Joint Venture of PCCP, LLC and the Excelsior Group, LLC acquires Mills Creek, a...

A joint venture of PCCP, LLC and The Excelsior Group, LLC has acquired Mills Creek, a Class A, newly constructed, 66-unit, single-family rental community located at 8601 Goldenrod Lane N in Maple Grove, MN....
Amber Ridge Apartments

Silver Star Real Estate lands $30.58 million loan for acquisition of Amber Ridge

JLL Capital Markets announced the arrangement of a $30.58 million loan regarding the acquisition of the Amber Ridge Apartments located at 2421 Foothill Boulevard in the greater Los Angeles area of La Verne, California. JLL...
The Fairmount at McGinley Square

Gebroe-Hammer’s Niko Nicolaou arranges $23.75 million sale of the Fairmount at McGinley Square in...

In one of Jersey City’s most popular budding multifamily investment submarkets, Gebroe-Hammer Associates has arranged the $23.75M sale of The Fairmount at McGinley Square, featuring 58 newly constructed Class A apartment homes atop 3,200...
Monterosa Villas

ABI Multifamily brokers Biltmore area apartment community for $6.95 million

ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western U.S., is proud to announce the $6,947,500 / $365,658 per Unit / $158.55 per SF sale of Monterosa Villas, a 19-unit...
101 Daniel Low Terrace

GFI Realty trades Staten Island 112-unit six-story elevator asset for $11.9 million

GFI Realty Services, LLC announced the $11.9-million sale of 100 Belmont Place & 101 Daniel Low Terrace, two six-story elevator apartment buildings occupying a single lot, in the St. George section of Staten Island. The asset...

Trez Capital closes construction loans totaling $12.1 million for two townhome rental communities in...

Trez Capital announced the closing of construction loans for Lotus Company’s two townhome communities, Foxridge and Whisperwood, in Ogden, Utah. The two loans, totaling $12.1 million, are part of Trez’s first financing agreement with Lotus...

Six-building, mixed-use property sold in Austin

JLL Capital Markets announced that it has arranged the sale and financing of the Infinity Residences at The Triangle, an apartment community consisting of 529 units in North Central Austin, Texas. JLL completed the sale...

New Jersey property gets construction financing for redevelopment

JLL Capital Markets announced it has arranged construction financing for Iron Ore Properties for the development of a 25,000-square-foot mixed-use building with 11 luxury apartments at 104 Baker Street in downtown Maplewood, New Jersey. JLL...
1100 Apex

McShane transforms abandoned high-rise into luxury apartments in Clearwater, Florida

McShane Construction Company recently completed the construction of 1100 Apex, an adaptive reuse, mixed-use apartment residence in downtown Clearwater, Florida for GSP Development. Positioned on a 2.1-acre site at 1100 Cleveland Street, the development was...
Aspired Living of La Grange

Pathway To Living welcomes residents to 117-unit Aspired Living of La Grange in La...

Pathway to Living, a Chicago-based developer, owner and operator of seniors housing communities and the seniors housing arm of Chicago-based real estate investor and operator Waterton, announced the opening of Aspired Living of La...
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