Saturday, May 18, 2024

Deal boom

Apartment deals, mergers and acquisitions

One Legacy Place

Garden Communities Delivers Signature Apartment Building One Legacy Place in East Brunswick

Garden Communities has delivered One Legacy Place, the signature multifamily address at Legacy Place, the company’s new, luxury mixed-use development in East Brunswick, New Jersey. “One Legacy Place is the centerpiece of our community,” said...
Florida MHP LLC

Marcus & Millichap arranges the sale of a 14-space manufactured home community

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Florida MHP LLC, a 14-space manufactured homes community located in Gibsonton,...
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...
Estates at Bee Cave

Newmark announces the sale of 316-unit, luxury multifamily property in Austin’s Hill Country

Newmark announces the sale of Estates at Bee Cave, a 316-unit luxury multifamily asset in suburban Austin. The property is located at 3544 South FM 620 Road in Texas’ Hill Country. Newmark Vice Chairman...
Alta Grande

Cushman & Wakefield represents Wood Partners in sale of Alta Grande in Orlando

Cushman & Wakefield has negotiated the sale of Alta Grande, a new 314-unit luxury multifamily community in Orange County. Jay Ballard, Ken Delvillar, Michael Mulkern and Robert Given of Cushman & Wakefield’s Florida Multifamily Team represented Atlanta-based Wood Partners in the sale. Dallas-based Lantower Residential acquired...

Two-building mixed-use portfolio in New York’s East Midtown fetches $41.5 million

JLL Capital Markets has announced the $41.5 million sale of 959-961 Second Ave. and 246 East 46th St., a 105-unit, two-building portfolio in the East Midtown neighborhood of New York City. JLL arranged the sale...
Old Town Alexandria

Mesa West Capital Originates $26.1M Mezzanine Loan to Fill Gap in Construction Financing for...

Mesa West Capital has provided American Real Estate Partners (AREP) with a $26.1 million mezzanine loan to facilitate the conversion of a 200,000-square-foot office building into a 199-unit multifamily community in Old Town Alexandria,...

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,...
Majestic

JLL arranges $140 million construction financing for latest mixed-use Gowanus development

JLL Capital Markets announced that it has arranged $142 million in construction financing for Majestic, a ground-up, Class A mixed-use development with 255 multihousing units and 18,000 square feet of commercial space, located at...
1121 W Fay Ln 1125 Anaheim California

CBRE Completes Two Apartment Sales in Anaheim California for $5.5M

CBRE announced the sale of two multifamily rental communities totaling 20 units for over $5.5 million in Anaheim, California to two separate buyers.   In the first transaction, CBRE’s Executive Vice President Dan Blackwell, Senior...
The Windsor

Brixton Pays $125M for The Windsor Apartments in Lakewood Colorado

Brixton Capital acquired The Windsor, a 352-unit, two-story townhome and apartment community in Lakewood, Colorado. Brixton purchased The Windsor from TA Realty for $124.25 million. The property will be rebranded Brixton Townhomes at Bear...
The Life at Spring Estates

Berkadia arranges sale of apartments in Suburban Houston

Berkadia announces it has arranged the sale of The Life at Spring Estates, a 372-unit apartment community located in the North View section of Houston, Tex. Managing Directors Chris Young and Joey Rippel, Director...
The Helmsman

The Opus Group Announces Completion The Helmsman Apartments in Savannah Georgia

The Opus Group® announced the completion of The Helmsman, a five-story, boutique-style luxury apartment community in downtown Savannah near Savannah College of Art and Design (SCAD). The Helmsman borders Savannah’s historic district and is within...

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...
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...
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