Deal boom

JLL announced today that it has raised capital totaling $335.6 million for the development of Gateway at Millbrae Station, a transit-oriented, mixed-use residential and office property adjacent to the Millbrae BART and Caltrain Stations...

Cushman & Wakefield has arranged the sale of The Lexington Apartment Homes, a 267-unit multifamily community in Sarasota, for $42.1 million, or $157,711 per unit. With below-average rental rates currently in place, the garden-style...

Levin Johnston of Marcus and Millichap, correctly advised its client, a private buyer, to offer $40,500,000 to be selected  as the successful bidder in the acquisition of a multifamily townhome property located in one...

Mesa West Capital has provided the joint venture of Rise Properties Trust and Cigna Investment Management with $52 million in first mortgage debt for the acquisition and repositioning of a 131-unit multifamily building in...

Cushman & Wakefield has arranged the $5.54 million sale of Serenity Apartments at Fairfield and Serenity Apartments on Valley Creek, two apartment communities totaling 168 units located in Birmingham, Alabama. Josh Jacobs and Craig...

Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it brokered the sale of 4740-48 S. Greenwood Ave., a four-story, 31-unit rental community in Chicago’s Kenwood neighborhood. The asset sold for...

A joint venture of Stiles Residential Group (SRG), a division of Fort Lauderdale-based Stiles, and Raleigh-based Grubb Ventures has sold The Carolinian, a new 186-unit luxury apartment mid-rise in one of Raleigh’s most exclusive...

Cushman & Wakefield has arranged the sale of The Forest, a 272-unit multifamily property in Durham, for $29.5 million. Cushman & Wakefield’s Watson Bryant, Jordan McCarley and Paul Marley represented seller, The Sterling Group,...

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale and financing of The Apartments at Fountains Corner, a 418-unit multifamily...

Parkview Financial announced it has provided a $7 million loan to San Francisco-based India & Beech, LLC for the acquisition of a land parcel and first phase of construction funding for a high-rise residential/retail...

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of The Village Residences, a 330-unit luxury multifamily complex with 43,206 square feet of ground-floor retail in Mountain View, California. “Located...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $6.75 million sale of Rolling Hills Gardens Apartments, a 24-unit apartment building located at 25925 Viana Avenue, adjacent to...

Cushman & Wakefield has arranged the sale of a value-add portfolio containing two garden-style apartment communities totaling 136 units in Tampa. The portfolio sold for $13.1 million, or $96,324 per unit. Executive Director Mike Donaldson...

JLL announced today that it has closed the sale of 883 units within Grande Oasis at Carrollwood, a 1000-unit, garden-style condominium community centrally located in Tampa’s Carrollwood submarket. JLL marketed the property exclusively on behalf...

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Pico Lanai Apartments, a 174-unit apartment complex in Santa Monica, California. The property sold for $58,550,000, which equates to...