Monday, April 29, 2024

Deal boom

Apartment deals, mergers and acquisitions

The Riverfront

JLL arranges construction loan for first phase of The Riverfront development in Waco, Texas

JLL Capital Markets announced that it has arranged construction financing for The Riverfront Lofts, a 266-unit, Class A multihousing project, which will be the first phase of The Riverfront mixed-use waterfront district in downtown...
299 Thousand Oaks Boulevard

Dekel Capital arranges $59 million in construction financing for multifamily development in Thousand Oaks,...

Dekel Capital, has arranged $59 million in construction financing on behalf of The Latigo Group, which has started work on the first significant multifamily project to be developed in Thousand Oaks, CA since 2007. When...
IPA Capital Markets

IPA Capital Markets arranges $22.36 million multifamily acquisition loan

IPA Capital Markets, a division of Marcus & Millichap Capital Corp., has arranged $22,365,000 for the purchase of an 85-unit multifamily asset in West Covina, California. “We have worked with these borrowers previously on arranging...
Oak Park, Ill

Interra Realty brokers $1.45 million sale of apartment building in Oak Park, Ill.

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $1.45 million sale of 426 Wesley Ave., an 11-unit apartment building in Oak Park, Ill., a western suburb of Chicago....
28 Austin Street

MassHousing completes workforce housing financing for new, 68-unit housing community in Newton

MassHousing has closed on $1.3 million in affordable workforce housing financing to Austin Street Partners LLC, for the new, 68-unit 28 Austin Street in Newton, which offers 23 workforce housing apartments for lower- and moderate-income households.   The recently completed...
Poplars Apartments

Greystone Bel completes $4 million sale of 105-unit multifamily property in Saginaw, MI

Greystone Bel recently closed the sale of The Poplars Apartments, a 105-unit multifamily property in Saginaw, Michigan for $4,000,000 or $38,095 per unit. Austin Hull of the Greystone Bel Real Estate Advisors investment sales team...
Boulder Springs

Two Central California multifamily assets sell for $38.5 million

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of two multifamily properties in Fresno, California. The communities are Boulder...
Colonial Crest Apartments

Greystone Bel sells 48-unit multifamily property in Sturgis, MI

Greystone Bel recently closed the sale of Colonial Crest Apartments, a 48-unit multifamily property in Sturgis, Michigan for $1,785,000 or $37,188 per unit. Austin Hull of the Greystone Bel Real Estate Advisors investment sales team...
Mosser Oakland Portfolio

JLL arranges $58.5 million financing for Bay Area multihousing portfolio

JLL Capital Markets announced that it has arranged $58.5 million in financing to fund the recapitalization of a nine-property multihousing portfolio located in Oakland, California. JLL worked exclusively on behalf of Mosser Capital (Mosser) and...
Hayden Villas

Marcus & Millichap arranges the sale of an 11-unit apartment building

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Hayden Villas, an 11-unit apartment property located in Tallahassee, Florida,...
River Park

Westmount Realty Capital acquires River Park, a 27-building multifamily community in Fort Worth

Westmount Realty Capital, LLC announced the acquisition of River Park, a 280-unit, garden-style multifamily community located at 3309 River Park Dr. in southwest Fort Worth. Built in 1985, this well-maintained, 27-building community sits on...
River Park

Westmount Realty Capital acquires River Park, a 27-building multifamily community in Fort Worth

Westmount Realty Capital, LLC announced the acquisition of River Park, a 280-unit, garden-style multifamily community located at 3309 River Park Dr. in southwest Fort Worth. Built in 1985, this well-maintained, 27-building community sits on...
121 East 37th Street

JLL to exclusively market 121 East 37th Street in New York’s Murray Hill

JLL Capital Markets has been retained by PR 121 East 37 LLC to exclusively market and sell 121 East 37th Street in New York’s Murray Hill neighborhood. The 9,124-square-foot residential building includes 11 apartments....
4119 S. Ellis Ave

Interra Realty brokers $2.7 million multifamily sale in Chicago’s Kenwood Neighborhood

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the sale of 4119 S. Ellis Ave., a 23-unit apartment building in Chicago’s Kenwood neighborhood, for approximately $2.7 million, or $117,391...

$34.5 million construction loan arranged by Marcus & Millichap Capital Corporation

Marcus & Millichap, financing subsidiary Marcus & Millichap Capital Corporation (MMCC), has arranged a $34.5 million construction loan for a 48-unit condominium development project in Pasadena, California. “After completing the first phase of the project, with financing...
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