Friday, May 17, 2024

Deal boom

Apartment deals, mergers and acquisitions

The Everett and The Emory

Two Nashville Yards Residential Towers The Everett and The Emory to Begin Leasing This...

Southwest Value Partners and StreetLights Residential, development partners of two multi-family residential towers under construction at Nashville Yards, announced that leasing will begin this summer. Named The Everett and The Emory, the 34- and...
Las Vegas Apartments

Avison Young’s Sauter Multifamily Group closes on $1.7 million sale of 20-unit Las Vegas...

Avison Young announced the Sauter Multifamily Group has brokered the $1.7 million sale of Las Vegas Apartments, a 20-unit multifamily property located at 201, 255, and 275 N Decatur Blvd, Las Vegas, Nevada. Avison Young...
Apartments at Radbourne Lake

Lion Enters Charlotte Market with Off-Market Multifamily Property Acquisition of The Apartments at Radbourne...

Lion Real Estate Group, LLC ("LREG"), a Dallas-based real estate investment and asset management firm focused on acquiring value-add and opportunistic multifamily properties, purchased The Apartments at Radbourne Lake, a 225-unit multifamily property in...
Elements Apartments

$42.7m Construction Take-Out Financing Secured for Multi-Housing Development on the California Central Coast

JLL Capital Markets announced today that it has arranged the $42.7 million pre-TCO construction take-out financing for Elements Apartments, a 167-unit multi-housing community located in Santa Maria, California. JLL represented the borrower, The Vernon Group,...
Chicago Lawn

Kiser Group closes a $4 million portfolio in Chicago Lawn

Kiser Group's brokers, John George and Joe Bianchi, have successfully facilitated the sale of a $4M portfolio in the Chicago Lawn neighborhood. The portfolio consists of four adjacent buildings, offering immediate economies of scale...
BCT Development

Bain Capital Real Estate and Cherry Tree Capital Partners Form Joint Venture ‘BCT Development’...

Bain Capital Real Estate and Cherry Tree Capital Partners announced the formation of BCT Development, a strategic joint venture focused on the ground-up development of premier rental townhome communities throughout Southern California. The joint...

Pathway to Living celebrates opening of 96-unit senior housing community in Orland Park, Ill.

Pathway to Living, a Chicago-based developer, owner and operator of senior living communities, today announced the opening of Heartis Village of Orland Park, a 96-unit assisted living and memory care community in Orland Park,...
7800 S Phillips

Interra Realty arranges $5.46 million sale of two-building apartment portfolio in Chicago’s South Shore...

Interra Realty, a Chicago-based commercial real estate investment services firm, announced the $5.46 million sale of two recently rehabbed rental properties in Chicago’s South Shore neighborhood: 7646 S. Essex Ave., a 30-unit apartment building,...

Red Capital Group arranges $7.8 million construction loan to convert historic building to apartments...

Red Capital Group LLC (RED) recently arranged a $7.8 million construction loan for Tobacco Road apartments, an adaptive reuse of an historic building in Landisville (Lancaster County), Pennsylvania. Total project cost is $9.6 million. The...
Parkside at Westfield

Construction Ahead of Schedule at Parkside at Westfield Near Newark

With foundations set and walls going vertical, construction is progressing ahead of schedule at Parkside at Westfield, a joint venture development of Premier Development and Garden Communities. The multifamily community will feature 162 luxury...
Tower West Apartments

Jonathan Rose Companies acquires Tower West Apartments on Manhattan’s Upper West Side

Jonathan Rose Companies, one of the country’s leading developers and investors in sustainable, affordable and mixed-income multifamily real estate, has acquired Tower West Apartments, a 217-unit HUD-regulated, partial Section 8, and New York City...
Zora University

Suncrest Real Estate Announces Pre-Leasing is Underway at Zora University Near UNC Charlotte

Pre-leasing is underway at Zora University, a gated development of 108 build-to-rent homes in Charlotte, North Carolina’s University City neighborhood, located near the University of North Carolina at Charlotte. Each of the homes at Zora...
Stone Brook

Newmark Facilitates Sale and Financing of 376-Unit Multifamily Property in Baytown Texas

Newmark announces it has arranged the sale and financing of Stone Brook, a 376-unit multifamily asset located at 619 Rollingbrook Drive in Baytown, Texas.  Built in 2000, Stone Brook is a garden-style apartment complex that...

$69.25 million multifamily asset in Arizona sold by IPA

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Alta Steelyard Lofts, a core Class “A” mid-rise, 301-unit multifamily property located Chandler, Arizona. The property sold for $69.25 million,...

3-property apartment portfolio trades for $48.25 million in Los Angeles, California

Transwestern Commercial Services (TCS) today announces it has brokered the sale of 131, 143 and 171 S. Burlington Ave., a three-property apartment portfolio comprised of 192 multifamily units in the emerging Westlake/MacArthur Park submarket...
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