Thursday, May 9, 2024

Deal boom

Apartment deals, mergers and acquisitions

IPA brokers Metroplex multifamily asset sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Villas Central Park, a 249-unit multifamily property in Grand Prairie, Texas. “Villas at Central Park achieved stabilization within an impressive timeframe...

Interra Realty brokers sales of adjacent properties totaling $16.5 million on Chicago’s North Side

Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it brokered the sale of 44 apartments and three retail spaces in the 5400 block of North Broadway Avenue in Chicago’s Edgewater...

Two Brighton multifamily properties totaling 76 units trade for a combined $9.5 million

Transwestern today announces it brokered the sale of two multifamily properties totaling 76 units for a combined $9.5 million, a record-setting price in Brighton for vintage assets. Senior Vice President Tom Wanberg and Vice...

Three multifamily assets hit the market in Suburban Cleveland

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces it has been awarded the exclusive listing for a core-plus multifamily property and two value-add investment properties totaling 1,837 units in suburban Cleveland....

CA Ventures and K Giles LLC announce 50-percent-leased milestone at Eleven40 Apartment Tower in...

CA Residential LLC, the multifamily investment and development division of Chicago-based CA Ventures, together with joint venture partner K Giles LLC, today announced Eleven40, a mixed-use, transit-oriented development in Chicago’s South Loop, already is...

Levin Johnston directs competitive acquisition of trophy multifamily asset in Redwood City

Levin Johnston, a division of Marcus & Millichap and one of the top ten multifamily brokerage teams in the U.S., has directed the $13.6 million acquisition of 10 Birch, a 27-unit multifamily community located...

Two-property apartment portfolio trades hands in Southwest Houston

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of the Southwest Two Pack, a 412-unit, two-property multifamily portfolio. “The buyer...

$28 million multifamily asset sold in 1031 Exchange

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Vio Costa Mesa, an 84-unit multifamily property in Costa Mesa,...

Value-add multifamily asset trades hands in Central Florida

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Royal Isles, a 264-unit apartment community in Orlando, Florida. “Royal Isles...

Pre-leasing begins at Southport Gateway Apartments in Chicago’s Southport Corridor

Chicago-based Spaces Real Estate today announced pre-leasing is underway at Southport Gateway, an upscale transit-oriented rental development at 3334 N. Southport Ave., along Chicago’s Southport Corridor. Located at the corner of Southport Avenue and Henderson Street, one...

Marcus & Millichap brokers $10.3 million deconversion sale of 25-unit multifamily building in Chicago’s...

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced it brokered the $10.3 million deconversion sale of 227 East Walton Place, a...

Wicker Park Connection II welcomes first move-ins on Chicago’s Northwest Side

Chicago-based Hubbard Street Group and co-developer Centrum Realty and Development today announced the first residents this week started moving into Wicker Park Connection II, a 15-story, 146-unit apartment development in Chicago’s vibrant Wicker Park...

Meta Housing breaks ground on 71-unit transit-oriented affordable housing community in East Los Angeles

Meta Housing Corporation, a Los Angeles-based developer, has broken ground on Whittier & Downey SE, a 71-unit affordable housing community that will be developed with permanent supportive housing and 3,400 square feet of community...

Contegra Construction has begun building a new $26 million apartment project — Thirteen01 at...

Thirteen01 at Hartman Lakes, a $26 million residential development in Shiloh, Ill, is underway with the groundbreaking on Phase I. Edwardsville, Ill-based Contegra Construction Co. is constructing the 216-unit project for developer Greenmount Retail Center,...

Pre-leasing begins at Viridian on Sheridan, Chicago’s first North Side rental to offer Alexa...

Vermilion Development has announced that pre-leasing is now underway at Viridian on Sheridan, a new luxury rental development at 734 W. Sheridan Road in Chicago’s Lakeview neighborhood. The 100-unit development is the first on...
Yield PRO