ABI Multifamily brokers 21-unit East Phoenix apartment community for $3.79 million
ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $3,790,000 / $180,476 Per Unit / $263.19 Per SF sale of Vara, a 21-unit multifamily...
SB Real Estate Partners sells Phoenix multifamily portfolio to Rise48 for $96.4 million
SB Real Estate Partners (SBREP) has completed the sale of a two-property, 365-unit multifamily portfolio in Phoenix, Arizona to Rise48 Equity for $96.4 million.
The sale, structured as separate transactions closing two weeks apart, included...
Cushman & Wakefield arranges sale & acquisition of Promenade at Ocala in Central Florida
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale and acquisition of the Promenade at Ocala, a 241-unit multifamily community located at 1421 SW 27th Ave.
Mike Donaldson and...
Trez Capital closes $19.4 million construction loan for rental project in growing Boise, Idaho
Trez Capital, a private real estate lender helping to build better communities across North America, funded a $19,400,000 construction loan for the Summertown Apartments project in Meridian—a popular suburb of Boise, Idaho. The borrower...
Cushman & Wakefield arranges $13.55 million sale of Fall Ridge at Delray
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Fall Ridge at Delray, a 60-unit apartment community located in Delray Beach. The final sale price was $13.55...
Davlyn Investments acquires third Phoenix apartment community
Davlyn Investments, a prominent California-based, multifamily investment firm, recently closed escrow on the $112,500,000 purchase of The Boulevard, a 294-unit, luxury, multifamily community in Phoenix, Arizona. The property, which will be re-branded “Boulders at...
PCCP, LLC provides a $75 million loan to Griffis Residential for the acquisition and...
PCCP, LLC has provided a $75 million senior loan to Griffis Residential for the acquisition and repositioning of The Post, a 16-story, 208-unit apartment property located at 888 Western Avenue in downtown Seattle.
Situated at...
Kairos Investment Management Company acquires 103-unit affordable multifamily property in Glendale, Colorado
Kairos Investment Management Company (KIMC), a firm that focuses on value-based real estate investments with favorable risk/reward characteristics, has acquired Forest Manor Apartments, a 103-unit affordable multifamily property in Glendale, Colorado.
“Kairos is constantly looking...
McKinley Park Apartments to be Transformed into Affordable Housing for Seniors
The transformation of Canton’s McKinley Park Apartments into an affordable housing community moved another step closer to reality in December, after The Ohio Department of Development awarded the redevelopment $2 million in state historic...
Interra Realty brokers $7.4 million sale of 26-unit multifamily building in Chicago’s Wrigleyville Neighborhood
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the off-market sale of 3708-14 N. Sheffield Ave., a 26-unit vintage courtyard building in Chicago’s Wrigleyville neighborhood, steps from Wrigley Field. The...
Berkadia arranges $97.5 million sale of brand-new class AA garden style asset in Orlando’s...
Berkadia announces it has arranged the sale of West Vue, a 442-unit, brand-new, luxury garden-style apartment community within Orlando’s sought-after and award-winning MetroWest master-planned community. The property is encumbered by a long-term ground lease,...
$54.5 million secured for development of Colorado multihousing community
JLL Capital Markets announced that it secured $54.5 million in construction financing for Tree Farm Lofts, a 196-unit, six-building multihousing community located in Basalt, Colorado.
JLL worked on behalf of the borrower, Lang Partners and...
Institutional Property Advisors closes luxury Eastside Los Angeles multifamily property sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Perch, a mixed-use asset consisting of 59 luxury residences and 2,646 square feet of ground-floor retail on the border...
Marcus & Millichap brokers newly constructed apartment asset sale in Parker County Texas
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Lone Oak, a 396-unit multifamily asset in Weatherford, Texas.
“Weatherford has seen...
Berkadia secures $84 million in stretch senior financing for hotel-to-multifamily conversion on Manhattan’s Upper...
Berkadia announces it has secured stretch senior financing for developer Emmut Properties’ acquisition of Excelsior Hotel, a century-old landmark hotel on Manhattan’s Upper West Side. Emmut Properties acquired the 126-room hotel, which has been...
