$24 million multifamily value-add opportunity sale brokered by IPA
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Cambridge Court, a 286-unit value-add multihousing asset in Phoenix. The $24 million sales price equates to nearly $84,000 per unit.
“Positioned...
Meridian Capital Group arranges $115 million in financing for the construction of a multifamily...
Meridian Capital Group, America’s most active dealmaker, arranged $115 million in financing for the cash-out refinance of a multifamily property midway through construction in Brooklyn, NY on behalf of Hampshire Properties.
The loan, provided by...
Sales start this Fall at Lexington Reserve at Oak Park, a new community of...
This fall, Lexington Homes will make its homebuilding debut in Oak Park, Ill., the popular “surban” village just west of Chicago’s city border. Lexington Reserve at Oak Park will offer 21 rowhomes within walking...
Alliance Residential Company launches active adult brand—breaks ground on first development in Tukwila, Wash.
Alliance Residential Company, one of the largest multifamily developers and managers in the U.S., announces the company’s highly anticipated active adult brand, Marvelle. The Marvelle brand, designed exclusively for residents age 55 and up,...
The Opus Group announces start of construction on a multifamily development in Des Plaines,...
The Opus Group (Opus) today announced the start of construction on a 113-unit luxury multifamily mixed-use development in Des Plaines adjacent to the O’Hare office and industrial submarkets. Located at 1555 Ellinwood, the transit-oriented...
Interra Realty brokers 3 multifamily sales in Chicago area totaling $10.1 million
Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it brokered three apartment building sales in the Chicago area totaling $10.1 million. The transactions include properties in the suburb of Evanston...
Wood Partners opens new luxury apartment community in Orlando
Wood Partners, a national leader in multifamily real estate development and acquisition, announced today that Alta Grande is officially open.
Located at 3512 Grande Reserve Way in Orlando, Alta Grande is the newest luxury apartment...
Gebroe-Hammer Associates arranges $20.32m in Central Jersey multifamily sales
Central New Jersey’s record-low multifamily vacancy rates and modest construction boom continue to bode well for apartment-building investments, according to the brokerage professionals at Gebroe-Hammer Associates based in Livingston, N.J. The region has been...
West End Alexandria live-work-play community is within walking distance of parks, shops and Van...
Novare Group and Mulberry Development Group have broken ground on Cameron Park, a 302-unit class-A mid-rise apartment project adjacent to the award-winning Cameron Station community and the Van Dorn Metro Station.
The transit-oriented development will...
The Opus Group announces completion of high-end multifamily apartments in Edina, Minnesota
The Opus Group (Opus) today announced the completion of The Loden, a four-story, 246-unit multifamily development in Edina, Minnesota. The site has undergone a profound transformation from a vacant office building into a vibrant...
Passco Companies acquires 380-unit class a multifamily community in Jacksonville, Florida for $70 million
Passco Companies, a privately-held California-based real estate company that specializes in the investment, acquisition, development and management of commercial properties throughout the U.S., has acquired The Point at Tamaya, a 2017-built, Class A+, 380-unit...
$41 million suburban Phoenix multifamily asset sold by IPA
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Adobe Ridge, a 224-unit multifamily asset in Glendale, Arizona. The property sold for $41 million, which represents $183,036 per unit.
“The...
Paramount Assets adds 560 Broad Street to its Newark portfolio downtown commercial property eyed...
Paramount Assets has added 560 Broad Street to its Newark property portfolio. Located between Lombardy and Fulton streets, the acquisition encompasses a 33,000-square-foot, four-story office building vacant at the time of sale, and an...
Trez Forman Capital Group continues Carolinas push with $42 million construction loan
Trez Forman Capital Group has closed a $42 million construction loan for a large-scale residential development in the Charlotte, N.C. suburb of Huntersville. The borrower plans to develop a Class A, 20-building community with...
Dominium completes 1.5 million renovation of new luxury apartment community in Beaufort
Dominium, a Minneapolis-based leading apartment owner, developer and manager, announced today the completion of the renovation of the 160-unit development in Beaufort, South Carolina. The property formerly known as Waterford Cove has been converted...
