Friday, April 19, 2024

Deal boom

Apartment deals, mergers and acquisitions

Magnolia Gardens

The Multifamily Group completes the sale of 39 units in Texarkana, Texas

The Multifamily Group (TMG), a Dallas-based commercial real estate brokerage firm, announced the sale of Magnolia Gardens, a 39-unit garden-style multifamily property in Texarkana, Texas.  Yonnic Land represented the seller, and Guillermo Gameros procured the...
Timberline Apartments

GFI Realty Services arranges $9.375 million sale of 307 unit garden apartment complex in...

GFI Realty Services, LLC announced the $9.375-million sale of Timberline Apartments aka 5900 Kinkead Avenue, a 307-unit garden apartment complex, located in Fort Smith, Arkansas. GFI Realty Associate Director Ohad Babo and Associate Eli...

Pura Vida Hialeah breaks ground

Is Hialeah the next Brooklyn? According to City of Hialeah Mayor Carlos Hernandez it may just be, and a transformative new mixed-use project, Pura Vida Hialeah, is paving the way. Miami-based Coral Rock Development Group...
The Mill at New Holland

Passco acquires new, best-in-class multifamily community in Gainesville, Georgia for $65 million

Passco Companies, a privately held California-based commercial real estate company that specializes in acquisition, development, and property and asset management throughout the U.S., has acquired The Mill at New Holland, a new, best-in-class multifamily...
Woodbrook

Cushman & Wakefield arranges $504.5 million sale of multifamily portfolio on behalf of Threshold...

Cushman & Wakefield has arranged the $504.5 million sale of a 31-property multifamily portfolio totaling 5,115 units located in North Carolina and South Carolina. Marc Robinson and Brooks Colquitt represented the sellers while Jacquelyn...
Wild Pines of Naples Apartments

Franklin Street brokers $25.4 million sale of 200-unit apartment community in Naples, Florida

Franklin Street has brokered the sale of Wild Pines of Naples Apartments in the affluent Naples market on Florida’s southwest coast. The 200-unit, garden-style apartment community sold for $25.35 million, or $126,750 per unit. Franklin...

Legacy Partners and AIG joint venture close on Hayward development site

Legacy Partners (Legacy), a privately owned national real estate firm, in a joint venture with American International Group, Inc., announced today the acquisition of a 1.78-acre development site located at 28168 Mission Boulevard in...
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...

CA Ventures celebrates groundbreaking of HERE at State College mixed-use development and New Penn...

CA Student Living, the student housing investment and development division of Chicago-based CA Ventures, has commenced construction on HERE at State College, a 510,112-square-foot residential and retail complex located at 131 Hiester St. in...
Pooler Station

Trion acquires 160-unit community in Savannah, Georgia submarket for $38.45 million

Trion Properties, a multifamily investment sponsor and private equity real estate firm based in West Hollywood, California and Miami, Florida, has announced two key strategic initiatives to bolster the firm’s growth in the Southeast:...
Naismith Hall

Student housing dormitory near University of Kansas sells

JLL Capital Markets announced that it handled the sale of Naismith Hall, a student housing dorm-style community totaling 504 beds, located on campus at the University of Kansas in Lawrence, Kansas. JLL represented the seller,...

New KTGY-designed mixed-use transit-oriented development with apartments and retail in South San Francisco moves...

International award-winning KTGY Architecture + Planning announced today that the new KTGY-designed mixed-use community at 988 El Camino Real in South San Francisco developed by SummerHill Apartment Communities received unanimous approval by the City...

Brew pub with a twist announced for historic 1907 handicraft guild building in downtown...

City Club Apartments announced today that it has executed a lease for a 3,500-square-foot brew pub and entertainment venue in the historic 1907 Handicraft Guild Building and Assembly Hall adjacent to its new 17-story...

Jonathan Rose Companies and Columbia Residential celebrate grand reopening of affordable housing community following...

Jonathan Rose Companies, in partnership with Columbia Residential, celebrated the completed $18 million redevelopment of Amani Place (formerly Edgewood Court) with a ribbon-cutting ceremony followed by property tours on Oct. 22. The partners have...
Piedmont Apartments

Jonathan Rose Companies acquires Piedmont Apartments in Oakland

Jonathan Rose Companies, LLC, a leading investment manager with expertise in green affordable and mixed income acquisition and development, through its Rose Affordable Housing Preservation Fund V (the Fund), has closed on the administrative...
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