Monday, May 6, 2024

Deal boom

Apartment deals, mergers and acquisitions

The Duplexes on 59th

Multifamily asset sold in Bradenton by the RPH Multifamily Group of Marcus & Millichap

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of The Duplexes on 59th, an 18-unit apartment property located in Bradenton,...

Levin Johnston directs two property sales totaling $19.88 million in the California Bay Area

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 successfully directed two multifamily property sales totaling $19.88...
11238 S Vernon Avenue in Chicago, Illinois

Monarch Realty Partners Brokers $1.425M Sale of Apartment Building in Chicago’s Roseland Neighborhood

Monarch Realty Partners, a leading Chicagoland multifamily brokerage, has recently negotiated the sale of 11238 S Vernon located in Chicago's Roseland neighborhood. Robert Berman, Daniel Shabsin, and Jeremy DeMarco exclusively marketed the turnkey asset on...
Alexan on Ross

Luxury Dallas mid-rise apartment building acquisition financed

JLL Capital Markets announced that it has arranged an acquisition loan for Alexan on Ross, a 292-unit, luxury, mid-rise, Class A+ multihousing community in the growing Ross Corridor Dallas, Texas. JLL worked on behalf of...
The Mint

42-unit multifamily trophy asset in prime Downtown Los Angeles sells for $17.5 million

The Mint, an eight-story, 42-unit multifamily property located in the heart of downtown Los Angeles, has sold for $17.5 million. The buyer was a local investor. The property, originally constructed in 1923 as an office...
12 Panoramic Way

JLL Arranged the Acquisition Financing of the 13-Unit, Six-Story 12 Panoramic Way in Berkeley...

JLL Capital Markets announced that it has arranged the $5.2 million acquisition financing for 12 Panoramic Way, a 13-unit, six-story student housing community located near the campus of University of California, Berkeley. Built in 1948,...
DK Riata

Draper and Kramer Announces Acquisition of Griffis at Riata in Austin, Texas

Draper and Kramer, a national real estate services firm, today announced the acquisition of Griffis at Riata, a 307-unit multifamily property at 5705 Diehl Trail in Austin, Texas. Completed in 2017, the rental community...

Levin Johnston directs $10 million sale of upgraded 35-unit multifamily community in San Jose,...

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 the $10 million sale of Delano Apartments,...

CBRE Arranges Sale of The Edge Apartments for $57.3 Million

CBRE has arranged  the sale of the 380-unit multifamily community The Edge on behalf of Baron Properties to Tides Equities LLC for $57.3 million. CBRE’s Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch of...
Caliza

Sale of northwest Austin multihousing community closes

JLL Capital Markets announced that it has arranged the sale of Caliza, a 270-unit, Class A, garden-style apartment community in the northwest Austin suburb of Cedar Park, Texas. JLL worked on behalf of the seller,...
Imperium Suwanee

BWE Secures $31M for Construction of Multifamily Community Imperium Suwanee in Georgia

BWE, a national commercial and multifamily mortgage banking company, announced that it has secured a $31,000,000 loan to finance the construction of Imperium Suwanee, a 212-unit Class A multifamily development in Suwanee, Georgia, part...
Hampshire HIll Apartments

Mesa West Capital originates $85 million in first mortgage debt to finance the acquisition...

Mesa West Capital has provided Minneapolis-based multifamily investment firm Bader Diamond Funds (BDF) with $85 million in first mortgage debt for the acquisition of Hampshire Hill, a 534-unit community in the Minneapolis suburb of...
Schwarz Properties

Marcus & Millichap arranges the sale of a 41-unit apartment building in Belvidere, IL

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Schwarz Properties, a 49-unit apartment property located in Belvidere, IL, according...
Hamilton Place

BWE Secures $19M in Financing for Trio of Affordable Indiana Properties, Hamilton Place and...

BWE, a national commercial and multifamily mortgage banking company, announced that it has secured $19,680,982 in financing to acquire and rehabilitate three affordable housing developments. Hamilton Place plus Madison Cottage of both Rensselaer and Benton...

TruAmerica Multifamily enters North Carolina property markets with 830-unit portfolio in Raleigh for $108.7...

TruAmerica Multifamily continues to expand its holdings in the southeast by making its initial investment in North Carolina, a three-asset, 830-unit multifamily portfolio in Raleigh NC, for $108.7 million. In only two years since entering...
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