Deal boom

Apartment deals, mergers and acquisitions

Acero Glendale

PCCP, LLC provides $39.4 million senior loan for the development of a 352-unit apartment...

PCCP, LLC announced that it has provided a $39.4 million senior loan to IDM Companies for the ground-up development of Acero Glendale, a Class A garden-style multifamily community located at the northwest corner of...
Pine Grove Townhomes

Marcus & Millichap arranges the sale of a 17-unit apartment building

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Pine Grove Townhomes, a 17-unit apartment property located in Valrico, Fla.,...
Stillwater Crystal Springs

JLL arranges capital for Fort Worth apartment project

JLL Capital Markets announced that it has arranged equity and financing for the development of Stillwater Crystal Springs, a 386-unit, Class A+ apartment community in Fort Worth, Texas. The JLL team worked on behalf of...
Park Southern Apartments

DCHFA funds the rehabilitation of 358 apartments in Washington Highlands

On June 18, the District of Columbia Housing Finance Agency (DCHFA) issued $41.7 million in tax exempt bonds and underwrote $25.3 million in four percent low income housing tax credit (LIHTC) equity for the...
1972 Bellomy Street, Santa Clara, CA

Levin Johnston completes sale of multifamily portfolio in Santa Clara, California for $24.7 million

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 completed the sale of a 59-unit multifamily portfolio...
The Cliffs at Minnetonka

JLL arranges $28 million financing for suburban Minneapolis apartments

JLL Capital Markets announced that it has arranged $28 million in financing for The Cliffs at Minnetonka, a 456-unit garden-style apartment community in Minnetonka near Minneapolis, Minnesota. JLL worked on behalf of the borrower, The...
The Residences at Galleria Rendering

Block Real Estate secures $21 million equity for apartment development

JLL Capital Markets announced that it has arranged $21 million in joint venture equity for the development of The Residences at Galleria, a 322-unit, Class A, podium multihousing community in the suburban Kansas City...
6811 S. Paxton

Interra Realty facilitates $2.3 million multifamily sale in Chicago’s South Shore Neighborhood

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $2.3 million sale of 6811 S. Paxton Ave., a 29-unit mid-rise apartment building in Chicago’s South Shore neighborhood. The price...
Hamilton House

Gebroe-Hammer Associates records $25.35 million sale of 99 multifamily units at Hamilton House in...

Gebroe-Hammer Associates has finalized yet another pandemic-era multifamily transaction with the $25.35M sale of Hamilton House in Weehawken, a 99-unit prominent fixture within the township’s highly desirable Town Center/Downtown District. The brokerage team of...
453 S. Gramercy Place

14-unit multifamily building trades for record price per SF during safer-at-home order

Transwestern Real Estate Services (TRS) announces it has brokered the sale of 453 S. Gramercy Place, a newly renovated, 14-unit multifamily building in the Koreatown submarket of Los Angeles. Managing Directors Josh Kaplan and...
6126 S Woodlawn

Interra Realty brokers $2.27 million multifamily sale in Chicago’s Woodlawn neighborhood

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $2.27 million sale of 6126-28 S. Woodlawn Ave., a 35-unit apartment building near the University of Chicago Law School in...
Hamilton Canal District Parcels 8 and 9, Lowell

MassHousing closes on $25.2 million in financing for new, mixed-income and workforce housing community...

MassHousing has closed on a total of $25.2 million in affordable housing financing to WinnCompanies for the development of 125 new rental homes in downtown Lowell. The MassHousing financing will allow WinnCompanies to advance the redevelopment of Lowell’s Hamilton Canal Innovation District, while creating new housing for households...
Ocotillo Apartments

Stepp Commercial completes $12.8 million acquisition of a 173-unit apartment property in Phoenix

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed $12.8 million acquisition of Ocotillo Apartments, a 173-unit apartment community located at 1780 West Missouri Avenue in Phoenix, Ariz. A...
Desert Willow

West Central Phoenix multifamily asset sale brokered by Marcus & Millichap

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the $20.7 million sale of Desert Willow, a 280-unit multifamily property in Phoenix, Arizona. Pete...
Cabana on 99th

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...
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