Monday, April 29, 2024

Deal boom

Apartment deals, mergers and acquisitions

Normandy Apartments

Franklin Street brokers $3.8 million sale of Normandy Apartments in Pompano Beach, Fla.

Franklin Street brokered the sale of Normandy Apartments, a 30-unit multifamily property in Pompano Beach, Florida. Franklin Street’s Fort Lauderdale team, Dan Dratch, Greg Matus and AJ Stanford represented the seller, Maven Real Estate and...
Madison on 4th

Marcus & Millichap arranges the sale of Madison on 4th, a 21-unit apartment property...

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Madison on 4th, a 21-unit apartment property located in St....
The Julian at South Pointe

Suburban Dallas/Fort Worth multifamily asset sold by Institutional Property Advisors

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Julian at South Pointe, a newly constructed, 225-unit multifamily asset in Mansfield, Texas.The property was built on 9.74 acres...
The Reserve

Contegra Construction Co. completes new off-campus student housing serving Southern Illinois University at Edwardsville

With a 100 percent occupancy, the newly opened student housing complex called “The Reserve” is hugely popular with students at Southern Illinois University-Edwardsville (SIUE).  General contractor Contegra Construction Co. completed the 486-bed housing complex developed...
SW Ocala Portfolio

Marcus & Millichap arranges the sale of a 22-unit SW Ocala apartment portfolio

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of the SW Ocala Portfolio, a 22-unit apartment portfolio located in...
Country Club Verandas

$49.6 million North Mesa multifamily asset sale brokered by Institutional Property Advisors

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Country Club Verandas, a 348-unit multifamily asset in Mesa, Arizona. The property sold for $49.6 million, or $142,529 per unit. “Country...
Wexford Village at Devonshire Apartments

DLP Real Estate Capital announces $43 million acquisition of 340-unit multifamily apartment community in...

DLP Real Estate Capital is pleased to announce the $43 million acquisition of Wexford Village at Devonshire Apartments, an exceptional multifamily community located in Scott Depot, West Virginia, a thriving submarket of Charleston. The...
7320 N. Damen

Interra Realty brokers pair of multifamily sales totaling $9 million in Chicago’s Rogers Park

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the off-market sales of two multifamily properties in Chicago’s Rogers Park neighborhood for a total of $9 million. 7320 N. Damen...
Oakwood Court

Marcus & Millichap arranges the sale of a 26-unit apartment building in Tampa

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Oakwood Court, a 26-unit apartment property located in Tampa, Fla.,...
1429 Florida Street

Stepp Commercial completes $4.69 million sale of a 14-unit apartment property in Alamitos Beach...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the approximately $4.69 million sale of a 14-unit apartment property located 1429 Florida Street in the Alamitos Beach submarket of...
Parke East

Newmark Knight Frank Multifamily closes $44.1 million sale and financing of Parke East

Newmark Knight Frank Multifamily announces the $44,100,000 sale and financing of Parke East, a 272-unit, community in Orlando. The property is in an infill location with tremendous accessibility to primary job hubs, educational institutions...
Serramar Apartments

Newmark Knight Frank Multifamily closes $58 million sale of Serramar Apartments in Central Broward...

Newmark Knight Frank (NKF) Multifamily announces the sale of Serramar Apartments, a 302-unit value-add asset in Fort Lauderdale, Florida. The property sold for $58 million, $192,000 per unit, and was approximately 95 percent occupied...
Avisa Lakes

Newmark Knight Frank Multifamily closes sale and financing of Avisa Lakes to Lloyd Jones,...

Newmark Knight Frank Multifamily announces the sale and financing of Avisa Lakes a 292-unit, community in Orlando. The two- and three-story garden product surrounds an expansive interior lake and was approximately 95 percent occupied...
Bolsa Row

R.D. Olson Construction breaks ground on 6-acre mixed-use community in Westminster, California

R.D. Olson Construction, an award-winning general contracting firm in California, announced the ground-up construction of Bolsa Row, a mixed-use development in the heart of Westminster’s Little Saigon District. Situated on a 6-acre lot, the...
OakRidge Apartment Homes

JLL closes sale, financing of San Antonio multihousing property

JLL Capital Markets announced that it has closed the sale and arranged financing for OakRidge Apartment Homes, a 216-unit, value-add, garden-style multihousing property located in the Northeast San Antonio submarket. JLL marketed the property exclusively...
Yield PRO