Thursday, May 30, 2024

Deal boom

Apartment deals, mergers and acquisitions

$30.2 million 55-plus affordable housing complex changes hands

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Grandon Village, a 161-unit age- and income-restricted housing asset in...

The Allen Morris Company, Juneau Construction Company ‘break ground’ on $130m Star Metals Residences...

On Thursday, Aug. 9, the customary ceremonial shovels were replaced with a 3,000-pound wrecking ball as The Allen Morris Company and Juneau Construction Company took part in a unique “ground-breaking” in West Midtown for the $130 Million residential...

361-unit institutional asset trades after 25-year hold

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Cobble Creek, a 361-unit multihousing asset in Salt Lake City. “Developed in 1974, Cobble Creek is a tranquil suburban apartment community...

$47.2 million buys seven-property Tennessee-Kentucky multifamily portfolio

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of the Tennessee-Kentucky Multifamily Portfolio, a seven-property apartment portfolio located in...

Washington Property Company’s 8250 Solaire Georgia Avenue apartment building tops out

Washington Property Company (WPC) is celebrating the topping out of its latest luxury apartment community, Solaire 8250 Georgia Avenue. This amenity-rich 338-unit residence is located just two blocks from the Silver Spring (MD) Metro...

First-half multifamily closings by IPA Texas top $876 million

  Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces that in the first six months of 2018, IPA Texas completed 24 multifamily sales throughout Texas totaling 8,972 units. The cumulative sales price...

Interra Realty brokers $2.15 million sale of apartment building in Chicago’s Edgewater neighborhood

Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it has brokered a $2.15 million sale of a multifamily building in Chicago’s Edgewater neighborhood. Located at 6203-09 N. Ravenswood Ave., the 12-unit...

KRE Group and National Real Estate Advisors secure $210 million in financing for Jersey...

KRE Group, a full-service real estate investment and management company with more than five decades of experience, and National Real Estate Advisors, LLC (National), an investment manager specializing in build-to-core, today announced that they...

Preserving Affordable Workforce Housing in Maryland

Maryland-based The Severn Companies and nationally recognized Enterprise Community Investment Inc. (Enterprise) have partnered to acquire Ivy Crossing, a 99-unit multifamily property in Catonsville, MD. Ivy Crossing, built in 1947, provides vital affordable workforce...

UIP-led venture acquires 100-unit apartment building in Washington, DC

A venture led by Urban Investment Partners (UIP) of Washington DC has acquired 3333 Wisconsin Avenue NW, a 100-unit apartment building in the prestigious Cathedral Heights neighborhood of Washington, DC. The venture closed on...

Timberland Partners announces purchase of Ridgemont at Stringers Ridge, Chattanooga, TN, 226 units

Minneapolis based Timberland Partners is pleased to announce the acquisition of Ridgemont at Stringers Ridge, an apartment community located in Chattanooga, Tennessee. Founded in 1992, the company now owns and manages 67 apartment communities...

The Calida Group Announces 180 Unit Expansion with Newly Renovated Ely By Elysian Living

Multifamily real estate developer The Calida Group, who owns and operates luxury Elysian Living communities, will launch Ely By Elysian Living in fall 2018, a new concept serving as an extension of the Elysian...

North Phoenix multifamily asset purchased for $38.2 million

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Azura, a 387-unit apartment asset in North Phoenix, Arizona. The property sold for $38.2 million. “Revenue gains currently experienced at Azura...

Pathway to Living celebrates groundbreaking of 116-unit senior housing community in La Grange, Ill.

Pathway to Living, a Chicago-based developer, owner and operator of senior living communities, today announced the start of construction on Aspired Living of La Grange, a 116-unit assisted living and memory care community in...

CA Ventures and K Giles LLC celebrate grand opening of Eleven40 apartment tower in...

CA Residential LLC, the multifamily investment and development arm of Chicago-based CA Ventures, together with joint venture partner K Giles LLC and equity partner Diamond Realty Investments Inc., recently celebrated the grand opening of...
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