Wednesday, May 8, 2024

Deal boom

Apartment deals, mergers and acquisitions

Serena Vista Apartments

Universe Holdings acquires 110-unit apartment community in San Diego for $34.45 million

Universe Holdings has acquired Serena Vista, a 110-unit apartment community in the prime San Diego submarket of La Mesa for $34.45 million. With the acquisition of Serena Vista, located at 5810 Amaya Drive, Universe increases...
Arte

Avison Young completes $68 million off-market sale of Arte, a 182-unit luxury apartment community...

Avison Young announced it has completed the off-market, $68 million sale of Arte, a 182-unit, luxury apartment community located at 10130 Foothill Boulevard in Rancho Cucamonga, CA. Avison Young’s Peter Hauser, Matt Hauser and Masa...
One Santa Fe

JLL closes sale of Los Angeles apartment community

JLL Capital Markets announced that it has closed the sale of One Santa Fe, a 438-unit, mixed-use, core-plus apartment community located in the Arts District of Los Angeles. JLL marketed the property on behalf of...
The Rail at Red Bank rendering

JLL arranges $17.5 million loan for New Jersey apartment development

JLL Capital Markets announced that it has arranged $17.5 million in financing for the development of The Rail @ Red Bank, a 57-unit, Class A apartment project in Red Bank, Monmouth County, New Jersey. JLL...
Old Dixie Portfolio

Marcus & Millichap arranges the sale of a 43,255-square foot mixed-use building in Lady...

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Old Dixie Portfolio, a 30-unit rental townhome community and 7,500-square...
Rio on the Parkway

Metroplex multifamily asset sold by Marcus & Millichap

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Rio on the Parkway, a 304-unit apartment property in Arlington, Texas. “The...
Maple Ridge

Colliers International represents Aria Legacy Group in two multifamily sales in central and southwest...

Colliers International has closed two major multifamily sales on behalf of Aria Legacy Group in Central and Southwest Virginia. Maple Ridge, located at 600 Reusens Road in Lynchburg, was sold to Axiom Realty Partners based...
Copper Creek

Metroplex apartment complex sale totaling 274 units brokered by Marcus & Millichap

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Copper Creek, a 274-unit apartment complex in Fort Worth, Texas....
Hub at Metuchen

Class A mixed-use property in Metuchen, New Jersey, trades

JLL Capital Markets announced that it has completed the $29.6 million sale of The Hub at Metuchen, a Class A, transit-oriented mixed-use residential and retail property in Metuchen, Middlesex County, New Jersey. JLL marketed the...
Rayette Lofts

JLL closes sale of Rayette Lofts in St. Paul, Minnesota

JLL Capital Markets announced that it has closed the sale of Rayette Lofts, an 88-unit, mid-rise adaptive reuse residential and retail property located in downtown St. Paul, Minnesota’s vibrant Lowertown neighborhood.  JLL marketed the property...
Gold Creek Apartments

Nova Capital secures $27.385 million in acquisition financing for 255-unit class a multifamily community...

Nova Capital, a Los Angeles-based real estate capital advisory firm, has secured $27.385 million in debt and equity financing on behalf of Darwin German Real Estate, a full service real estate investment firm that...
Monroe Apartments

Dunleer sells 8-unit apartment property for $3.31 million in Silver Lake submarket

Dunleer, a Los Angeles-based private real estate investment and development firm, today announced the $3.31 million sale of The Monroe Apartments & Bungalows, a two-building, eight-unit apartment property located at 4018 Monroe Street in the...
S’PARK Railyards

JLL arranges $29.4 million financing for S’PARK Railyards in Boulder

JLL Capital Markets announced that it has arranged $29.4 million in construction financing for S’PARK Railyards (Railyards), a 69,263-square-foot Class A office building in Boulder, Colorado. JLL worked on behalf of a joint venture between...
837 S. Fedora Street

Dekel Capital arranges $47.8 million construction loan for multifamily community in Koreatown

Dekel Capital, on behalf of Los Angeles-based CGI Strategies, has arranged $47.8 million in non-recourse construction financing for the development of a 200-unit multifamily community in Los Angeles’ Koreatown neighborhood. The loan, which was provided...
39-184 968 Addison

Levin Johnston successfully completes strategic 1031 exchange transaction in 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, successfully advised its client, a private investor, to acquire...
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