JLL arranges $22.9 million construction loan for Phoenix development
JLL Capital Markets announced that it has arranged construction financing and joint venture equity for the development of Cabana on 99th, a 286-unit, garden-style multihousing project in Phoenix’s Glendale submarket. JLL worked on behalf of...
JLL completes sale of Modera Davis in Portland
JLL Capital Markets announced that it has completed the sale of Modera Davis, a 204-unit, luxury high-end residential community located in Portland, Oregon’s Pearl District. JLL marketed the property exclusively on behalf of the seller,...
JLL arranges $185.63 million financing for Phoenix-area multihousing properties
JLL Capital Markets announced that it has arranged a refinancing totaling $185.63 million for a 1,439-unit portfolio of five multihousing properties in and around Phoenix, Arizona. JLL worked on behalf of the borrower, a partnership...
JLL arranges $48.75 million loan for New Jersey apartment development
JLL Capital Markets announced that it has arranged $48.75 million in financing for the development of Print House by Vermella, a 271-unit, best-in-class apartment building in Hackensack, Bergen County, New Jersey. JLL worked on behalf...
Kiser Group brings 50-unit Forest Park Apartment building to market
520 Rentals, located at 520 Des Plaines Avenue in Forest Park, Illinois, has been listed for sale exclusively by Chicago-based multifamily brokerage firm Kiser Group. The 50-unit, mid-rise building was built in 1960 and...
Gebroe-Hammer Associates arranges $25.5+ million sale of Class A multifamily portfolio concentrated in Woodbridge...
Gebroe-Hammer Associates has arranged the $25.5+M sale of a Class A multifamily portfolio involving 87 luxury apartment-home and townhome rental units, the majority of which are concentrated in Woodbridge Township’s Avenel and Colonia neigborhoods....
Interra Realty brokers $1.8 million deconversion sale in Chicago’s Wicker Park Neighborhood
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $1.8 million deconversion sale of 1226 N. Greenview Ave., an eight-unit multifamily building in Chicago’s Wicker Park neighborhood. The price...
MassHousing closes on $22.6 million in financing to create a new, 76-unit affordable housing...
MassHousing has closed on a total of $22.6 million in affordable housing financing to the Planning Office for Urban Affairs (POUA) and Caribbean Integration Community Development (CICD) for the construction of the 76-unit Cote Village housing community in Mattapan. The Planning Office for Urban Affairs and CICD...
Jonathan Rose Companies and Schochet Partner acquire Riverside Towers
The Schochet Companies and Jonathan Rose Companies have acquired Riverside Towers in Medford, Mass., for $83.5 million in a joint venture. Financed through MassHousing, Riverside Towers is designated for occupancy by elderly and disabled residents....
The Babb Group arrange the sale of 40-unit affordable housing property near downtown Sarasota
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Beneva Oaks, a 40-unit apartment property located in Sarasota, Fla., according...
249-unit affordable housing portfolio in Gary, Indiana sells for $10.375 million
Affordable Housing Investment Brokerage Inc. recently sold a 14-building, 249-unit affordable housing portfolio in Gary, Indiana for $10,375,000. Managing Director Kyle Shoemaker represented both the purchaser, a private investor, and seller, a private investor,...
Freddie Mac provides $32.25 million loan for Orlando-area community
JLL Capital Markets announced that it has arranged a $32.25 million refinancing for Lake House, a 240-unit, garden-style multihousing community in Davenport, Florida. JLL worked on behalf of the borrower, Beachwold Residential, to secure the...
Avison Young brokers sale of lender-owned, 5-unit Hollywood Hills apartment property
Avison Young, the world’s fastest-growing commercial real estate services firm, announced that it has brokered the $1.7 million sale of a lender-owned, five-unit apartment property located at 1954 Argyle Avenue in the Hollywood Hills...
The Babb Group of Marcus & Millichap arranges the sale of Walden Landing ...
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Walden Landing, a 44-unit apartment property located in Plant City, Fla.,...
MassHousing closes on $25.25 million in financing to extend affordability on 82 housing units...
MassHousing has closed on $25.25 million in affordable housing financing to an affiliate of Vitus, for the preservation and rehabilitation of 82 affordable housing units in Roxbury. Vitus will utilize the MassHousing financing to combine a pair of Roxbury affordable housing communities, the Fort Hill Gardens and Esperanza...