Sunday, April 28, 2024

Deal boom

Apartment deals, mergers and acquisitions

Levin Johnston directs rare multifamily trade in highly-coveted Palo Alto market

Levin Johnston, one of the top ten multifamily brokerage teams in the U.S., has directed the sale of Villa Sierra Apartments, a multifamily community located in the ultra-exclusive Palo Alto market. Levin Johnston represented both...

Ginnie Mae MBS outstanding increases to $1.942 trillion

Ginnie Mae today announced that issuance of its mortgage back securities (MBS) totaled $30.31 billion in March. A breakdown of March's issuance includes $28.659 billion of Ginnie Mae II MBS and $1.651 billion of Ginnie...

Grubb Properties to join program bringing affordable housing to Chapel Hill

Grubb Properties will dedicate units at Glen Lennox Apartments in Chapel Hill, N.C. to be part of an innovative, community-based coalition bringing more affordable housing to the town. In partnership with the Chapel Hill-Carrboro Chamber...

Interra Realty brokers $1.52 million residential building sale on Chicago’s north side

Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it brokered the $1.52 million sale of 4063 N. Sheridan Road, a vintage condominium building in Chicago’s Buena Park neighborhood. The buyer,...

Spaces Real Estate announces start of pre-leasing at Hazel Place Apartments in Chicago’s Buena...

Chicago-based Spaces Real Estate today announced the start of pre-leasing at Hazel Place, a 15-unit rental community under construction in Chicago’s Buena Park neighborhood. Located at 4337 N. Hazel St. and originally built in...

Mortgage Bankers close record $530 billion in commercial/multifamily originations in 2017

Commercial and multifamily mortgage bankers closed a record $530.1 billion of loans in 2017, according to the Mortgage Bankers Association’s (MBA) 2017 Commercial Real Estate/Multifamily Finance Annual Origination Volume Summation. “2017 was a very strong...

Value-add asset in north Fort Worth Texas sold by IPA

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Hidden Lakes Apartments, a 312-unit multifamily asset in Fort Worth, Texas. “Built in 1996, Hidden Lakes is a low-density property that...

Two central Texas multifamily assets sold by Marcus & Millichap

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of two multifamily properties in Waco, Texas. They are 214-unit Tinsley...

Eastern Union Funding closes over one billion dollar first quarter

Eastern Union Funding, one of the nation’s leading commercial real estate mortgage companies, announced today that it closed over $1 billion of commercial real estate loans in the first quarter of 2018. The CRE...

Salt Lake City apartment complex wins Development of the Year

Wood Partners, a leader in real estate development and construction, announced their downtown development, Alta Gateway Station, has been named “Development of the Year” by the Utah Apartment Association. The Utah Apartment Association hires a...

IPA closes $317 million in Texas multifamily sales

                    Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the completion of 12 multifamily transactions in Texas totaling 3,699 units in the first two months of 2018. The cumulative sales price was...

WINLYND acquires distressed note on 384-bed student housing community in Texas

WINLYND, LLC has acquired the distressed bank note on a 384-bed student housing community in Beaumont, Texas and subsequently took ownership of the property following a foreclosure auction. The purchase price was not disclosed. Village...

KTGY-designed mixed-use apartment community for 55+ active lifestyle to open near light rail station...

International award-winning KTGY Architecture + Planning announced today that Vita, a LEED Gold-designed 55+ mixed-use residential rental apartment community in the Denver Metro area is nearing completion. The sustainable 159-unit apartment community developed by...

219-unit condominium complex in Temple Hills, Maryland, sells through Chapter 11 bankruptcy plan

Transwestern today announces it represented the Lynnhill Condominium Association in the disposition of Lynnhill Condominiums, a 219-unit community at 3103 – 3107 Good Hope Ave in Temple Hills, Maryland. The property was purchased by...

FC acquires national footprint within Coldwell Banker Commercial Advisors and establishes Advisors Commercial Real...

First Capital today announced that it has acquired assets of Coldwell Banker Commercial Advisors, a privately held affiliate of Coldwell Banker Commercial, on March 31, 2018, for an undisclosed price. The acquisition combines FC’s...
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