Tuesday, May 14, 2024

Deal boom

Apartment deals, mergers and acquisitions

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...

$45 million Westchester County multifamily portfolio sold

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of a three-property, 104-unit multifamily portfolio in White Plains, New York....

Luxury suburban Pittsburgh multifamily asset sold by IPA for $61 million

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Ascent Four Thirty, a 319-unit luxury apartment community located in the affluent northern Pittsburgh suburb of Wexford, Pennsylvania. The property...

Revel Vegas, a refined senior community in Las Vegas, now pre-leasing

The Wolff Company—a Scottsdale-based private equity firm and developer—today announced that pre-leasing has begun for its new refined senior community: Revel Vegas. Located just five minutes from the Siena Golf Course, Revel offers exclusive...
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