Wednesday, May 15, 2024

Deal boom

Apartment deals, mergers and acquisitions

Lexington Apartment Homes

Cushman & Wakefield arranges sale of The Lexington, one of Sarasota’s most competitive Class...

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of The Lexington Apartment Homes, a 267-unit apartment community located at 3510 Cheshire Square in Sarasota, Florida. Cushman & Wakefield’s...
Centennial Aspen Apartments

Aspen’s largest apartment complex trades hands in Colorado

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Centennial Aspen Apartments, a 149-unit, three-story multifamily property in Aspen, Colorado....

The Wolff Company breaks ground on new senior living community in Hillsboro

The Wolff Company—a Scottsdale-based private equity firm and senior living developer—has broken ground on Revel Amberglen, a new independent living apartment community within the Amberglen Business Park mixed-use masterplan in Hillsboro. Characterized by celebrity...
Seventh and James Apartments

Kidder Mathews Sells 96-Unit Seventh and James Apartments for $26.9M in First Hill Seattle

Seventh and James Apartments, a mid-rise apartment building totaling 96 units in Seattle’s First Hill neighborhood, sold this week for $26,900,000 in a fully marketed sale by Kidder Mathews’ Simon and Anderson team. The...
Amberwood Hills Apartments

Marcus & Millichap closes $7.31 million sale of Amberwood Hills Apartments

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Amberwood Hills Apartments in Lake City, Florida. The 101-unit apartment complex...
Appleton Square

CBRE Multifamily Group sells Appleton Square for $29.3 million

The CBRE Capital Markets team announced the sale of Appleton Square located at 171-176 East Street in Methuen, Massachusetts, for $29,300,000. CBRE multihousing experts Simon Butler and Biria St. John exclusively represented the seller, Appleton...
Skyline View Apartments

CPP Announces Acquisition of Affordable Housing Community in Layton Utah

Community Preservation Partners (CPP), a mission-driven affordable housing preservation developer has announced the acquisition and planned renovation of Skyline View Apartments in Layton, Utah. The Skyline View Apartments are comprised of eight two-story, garden-style buildings...
Fairways at San Marcos

Institutional Property Advisors completes $84.48 million multifamily sale in Greater Phoenix

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Fairways at San Marcos, a 352-unit apartment asset in Chandler, Arizona. The $84.48 million sales price equates to $240,000...
Mabel Exchange

Kiser Group closes Edgewater mixed-use building for $9.2 million

Kiser Group, Chicagoland’s leading mid-market multifamily brokerage, announces the closing of a 52-unit mixed-use property located in the Edgewater neighborhood of Chicago. Directors Andy Friedman and Jake Parker, along with Managing Broker Lee Kiser...
Forest at Fenwick

Cushman & Wakefield arranges $16.3 million sale of Forest at Fenwick in Johns Island

Cushman & Wakefield announced that the commercial real estate services firm arranged the $16.3 million sale of Forest at Fenwick, an 80-unit multifamily property located in Johns Island, South Carolina. Cushman & Wakefield’s John Phoenix,...
California Commercial

California Commercial Investment Group Acquires 19-Acre Site in Los Angeles Area for $30M to...

JLL announced that California Commercial Investment Group has acquired a 19-acre site adjacent to the iconic Motion Picture & Television Fund campus in Woodland Hills, California for $30 million. California Commercial Investment Group will...
Axis @ Davis

Equity placement secured for housing development near UC Davis

JLL Capital Markets announced that it arranged joint venture equity on behalf of sponsor Anton DevCo for Axis @ Davis, a 200-unit housing development located near the University of California, Davis. Axis @ Davis...
Hampton Greens

Marcus & Millichap brokers 309-unit multifamily asset sale in Dallas

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Hampton Greens, a 309-unit apartment complex in Dallas, Texas. “Occupancy at Hampton...

Red Capital Group provides $52.5 million to preserve affordable housing in Houston, Texas

Red Mortgage Capital LLC, the proprietary debt banking arm of comprehensive capital provider Red Capital Group, LLC (RED), announced the closing of a $52.5 million financing deal with Dalcor Holdings LLC for Vista on...

Red Mortgage Capital closes $60 million SBL portfolio in Union City, NJ

RED Mortgage Capital, the lending arm of ORIX Real Estate Capital, LLC, announces the closing of a $60 million, 18 property portfolio in Union City, N.J. through the Freddie Mac OptigoSM Small Balance Loan...
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