Saturday, April 27, 2024

Deal boom

Apartment deals, mergers and acquisitions

Elan Memorial Park at twilight

DLP Capital and ORP Investments acquire mixed-use multifamily community in heart of thriving Houston...

DLP Capital, a private real estate investment and financial services firm, announced that it has purchased a Houston-area multifamily property, Elan Memorial Park, in partnership with Texas-based ORP Investments Inc. The mixed-use property, with...
Stewart’s Mill Apartments

FCP Announces $28.2M Sale of Stewart’s Mill Apartments in Douglasville Georgia

FCP® announces the sale of Stewart’s Mill Apartments in the West Atlanta suburb of Douglasville, Georgia to Viking Capital for $28.2 million. “FCP is pleased to have completed the successful execution of our business plan...
Blue Hill Avenue

Griffith Pepdjonovic Group of Marcus & Millichap Brokers $5.3M Sale of Multifamily Property on...

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of a 20-unit multifamily property in Dorchester, Massachusetts, for $5,296,345 located at...
1954 Argyle Avenue

Avison Young brokers sale of lender-owned, 5-unit Hollywood Hills apartment property

Avison Young, the world’s fastest-growing commercial real estate services firm, announced that it has brokered the $1.7 million sale of a lender-owned, five-unit apartment property located at 1954 Argyle Avenue in the Hollywood Hills...
Rae on Sunset

Greystar Announces Leasing Has Begun at Rae on Sunset in Los Angeles California

Greystar Real Estate Partners, LLC ("Greystar"), a global leader in the investment, development, and management of real estate, including rental housing, logistics and life sciences, announced that it had begun leasing Rae on Sunset. Each...
San Antonio, Texas

Capital Square and ITOCHU Corporation Announce Partnership to Acquire Build-for-Rent Community in San Antonio...

Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer and manager of housing communities, announced the formation of a joint venture partnership with ITOCHU Corporation to...
640 Stanley Avenue

Stepp Commercial completes $6.5 million sale of 16-unit apartment property in Rose Park Neighborhood...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $6.5 million sale of a 16-unit apartment property located at 640 Stanley Avenue in the Rose Park neighborhood of...

McShane Construction Company completes new supportive housing complex in Suburban Cook County

McShane Construction Company is pleased to announce the completion of Heart’s Place Apartments, a supportive housing complex in Arlington Heights, Illinois, completed on behalf of the Housing Opportunity Development Corporation and repeat client, UP...
Calabria

Rare East King County apartment building sells for $9 million

Calabria, a multifamily property located at 2000 NW Talus Drive in Issaquah, Washington, has sold for $9,000,000 ($450,000 per unit) to a local apartment investor, Fourth Avenue Capital. The seller, Pacifica Companies out of...

Ground has broken on Pivot, a mixed-use project on Capitol Hill

Ground has recently broken on Pivot, a mixed-use project located at the convergence of Downtown Seattle and Capitol Hill’s thriving Pike/Pine neighborhood, developed by Vibrant Cities With an eye toward the auto-row history of Capitol...
The Enclave at Dewy Meadows

Garden Communities: The Enclave at Dewy Meadows in Basking Ridge New Jersey 100% Leased

The Enclave at Dewy Meadows, a collection of 198 luxury rental residences and loft-style apartments in Basking Ridge, New Jersey, has reached 100% leased, according to developer Garden Communities. “The quick lease-up of The Enclave...
The Summit at La Crescenta

Institutional Property Advisors brokers North Los Angeles county multifamily asset sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of The Summit at La Crescenta, a 92-unit apartment complex in La Crescenta-Montrose, California. The property sold for $34,525,000, which...
Lake Country Lofts

$20 million apartment asset in the Okanagan Valley region of British Columbia sold by...

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Lake Country Lofts, a 71-unit apartment property in Lake Country, British Columbia. The property sold for $20 million, which equates...
Manhattan Avenue Senior Apartments

Governor Hochul Announces Completed Expansion of 70-Unit Manhattan Avenue Senior Apartments Development in Westchester...

Governor Kathy Hochul announced the completion of the 70-unit Manhattan Avenue Senior Apartments in the town of Greenburgh, Westchester County. “The transformation of the Manhattan Avenue Senior Apartments will help seniors access safe, secure, and...

LMC acquires Novel Stonewall Station Apartments

LMC, a leader in apartment development and management, today announced its acquisition of Novel Stonewall Station, a luxury transit-oriented apartment community located in Uptown, one of Charlotte's most sought-after rental submarkets. The transaction marks...
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