Thursday, September 19, 2024

Deal boom

Apartment deals, mergers and acquisitions

Serenity at Fairfield

Cushman & Wakefield arranges $5.54 million sale for Elevation Financial Group

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 brokers sale that achieves highest price per unit in a decade in...

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...
The Carolinian

Grubb Ventures, Stiles sell luxury multifamily development The Carolinian in Raleigh, North Carolina

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...
The Forest

Cushman & Wakefield arranges $29.5 million multifamily sale for The Sterling Group

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,...
Apartments at Fountains Corner

Marcus & Millichap brokers sale and financing for DFW multifamily property

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...
1460 Indian St Rendering

Parkview Financial provides $7 million loan for the land acquisition and development of a...

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...
The Village Residences at San Antonio Center

Marcus & Millichap’s Institutional Property Advisors division closes San Francisco Bay Area mixed-use asset...

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...
Rolling Hills Gardens Apartments

Stepp Commercial completes $6.75 million sale of Rolling Hills Gardens Apartments, in Lomita, California

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 represents Axiom Realty Partners in $13.1 million sale of two South...

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...
Grande Oasis at Carrollwood

JLL closes 883-unit sale of Tampa condo community

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...
Pico Lanai Apartments

$58.5 million rare Santa Monica multifamily asset sold by IPA

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...
Mira Exterior (credit LCP 360)

Cityview sells Los Angeles Opportunity Zone project to Virtu Investments, LLC for $70.5 million

Cityview, a premier urban multifamily investment management and development firm, today announced the sale of Mira, a 174-unit multifamily community in the San Fernando Valley Region of Los Angeles. An opportunity zone deal, Cityview...
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...
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