Saturday, September 7, 2024

Deal boom

Apartment deals, mergers and acquisitions

10 Green Street at Woodbridge Train Station

Prism Capital Partners launches construction for 10 Green Street at Woodbridge Train Station

Prism Capital Partners this month launched construction for 10 Green Street at the Woodbridge train station. The five-acre redevelopment parcel, located at the corner of Rahway Avenue and Green Street in Woodbridge, will become...
Grande Oasis at Carrollwood

West Shore acquires significant multifamily asset in Tampa, Florida

West Shore LLC today announced it completed the acquisition of a premier 883-unit residential community in Tampa, Florida, the company’s largest single transaction in its three-year history. Grande Oasis at Carrollwood is a well-located top-tier...
Stella and Bluewater, courtesy Affirmed Housing

Affirmed Housing grand opens 160 affordable apartment homes in San Diego

Affirmed Housing will host a Grand Opening celebration for Stella and Bluewater, two new affordable housing communities located in the Grantville community of San Diego. Located at 6121 Fairmount Avenue, the 9:30am Grand Opening...
Salix Juanita Village in Kirkland, Washington

RISE Properties Trust acquires Salix Juanita Village Apartments in Kirkland, Washington

RISE Properties Trust (“RISE”) a Canadian real estate trust, with operations based in Seattle, today announced their purchase of Salix Juanita Village in Kirkland, Washington for $101,500,000. The transaction was brokered by JLL. Jason Murray,...
Brookstone Manor

CBRE Multifamily Group sells Brookstone Manor

CBRE Capital Markets announced the sale of Brookstone Manor in Milford, New Hampshire, for $13,550,000. CBRE multihousing experts Simon Butler and Biria St. John exclusively represented the seller, Aspen Square Management, and procured the buyer,...
Highwood Village

CBRE Multifamily Group sells Highwood Village for $12 million

The CBRE Capital Markets team announced the sale of Highwood Village located at 174 Saint Anselms Drive in Goffstown, New Hampshire, for $12,000,000. CBRE multihousing experts Simon Butler and Biria St. John exclusively represented the...

Gebroe-Hammer Associates arranges $11.6 million sale of 76 units in East Orange, NJ

Within New Jersey’s East Essex cluster of urban municipalities primed for smart-growth and revitalization, Gebroe-Hammer Associates has arranged two separate apartment-property sales spanning the cities of East Orange and Irvington. Executive Managing Director David...
Mosaic Hills Apartments in Kent

RISE Properties Trust and Aegon Real Assets US acquire two more assets in Seattle...

RISE Properties Trust (“RISE”) a Canadian real estate trust based in Seattle, and Aegon Real Assets US (“Aegon RA”), an indirect wholly owned subsidiary of Aegon N.V., a multinational life insurance, pensions and asset...
Dixon Place

MVE + Partners breaks ground on 59-unit mixed-use apartment community in Salt Lake City

MVE + Partners, a leading architecture, planning, interiors and graphic design firm, today announced the groundbreaking of Dixon Place, a 59-unit, Class A development in the heart of Salt Lake City’s Sugar House neighborhood....
The Palace

JLL arranges sale, financing of Dallas-area apartments

JLL announced today that it has closed the sale of and arranged financing for The Palace, a 280-unit, garden-style apartment community located in Arlington, Texas. JLL marketed the property exclusively on behalf of the seller,...
The George Besaw

The George Besaw Apartment mixed-use building in Portland, Ore. sells for $23.625 million

Kidder Mathews is pleased to announce the sale of The George Besaw for $23,625,000. The 51-unit, apartment / mixed-use building is located at 2323 NW Savier Street in Portland, Oregon. Kidder Mathews’ team of...
425 Coronado Avenue

Stepp Commercial completes $14.95 million sale of two adjacent apartment properties totaling 48 units...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $14.95 million off-market sale of 425 Coronado Avenue and 424 Obispo Avenue in the Belmont Heights submarket in Long...
Palisade Park

JLL arranges $40.27M financing for Denver-area apartments

JLL announced today that it has arranged $40.27 million in financing for Palisade Park, a 216-unit, garden-style apartment community in the north Denver suburb of Broomfield, Colorado. JLL worked exclusively on behalf of Jeffrey Sanders...
Alexandria Station

Avanath acquires two affordable communities totaling 578 units for nearly $100 million in Washington...

Avanath Capital Management, LLC, a private real estate investment manager and Registered Investment Adviser, has purchased two affordable apartment communities with a combined total of 578 units in Alexandria, Virginia—a city in the Washington...
Monterosso Apartments

Fore Property announces launch of leasing at Monterosso in Kissimmee, Florida

Fore Property (‘Fore’), one of the country’s 15 largest multifamily developers, announced that it has launched leasing for Monterosso Apartments, a 216-unit apartment community in Kissimmee, Florida. Developed and constructed by Fore, Monterosso represents...
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