asd
Friday, July 26, 2024

Deal boom

Apartment deals, mergers and acquisitions

Passco bolsters Houston-area portfolio with acquisition of 330-unit multifamily asset in Spring, Texas

Passco Companies, a privately held California-based commercial real estate company that specializes in acquisition, development, and property and asset management throughout the U.S., has acquired The Grayson, a 330-unit, Class A apartment community in...

Affirmed Housing to break ground on Della Rosa, serving Orange County’s chronically homeless and...

Affirmed Housing will host a groundbreaking ceremony for Della Rosa, a new housing community serving individuals experiencing chronic homelessness and households with low income. Located at 14800 Beach Boulevard in Westminster, CA, the 9am...

Construction starts on Chicago area TOD after $14 million loan from Knighthead Funding

Knighthead Funding, LLC has provided Noah Properties Chicago with a $14.36 million construction loan for the Roselle Apartments (Roselle), a multifamily community in the Chicago submarket of Glendale Heights/Lombard. When completed in the first quarter...

ZOM Living, Scout Capital Partners and Mattoni Group team up to activate Miami’s Ludlam...

Miami’s highly anticipated Ludlam Trail – a ‘rails to trails’ project that will convert unused train tracks and the adjacent right-of-way into a six-mile-long, 100-foot-wide public space running from Miami International Airport to Dadeland...

Aztec Group arranges $5.75 million loan for luxury rental building, Grovehaus, in Miami’s Coconut...

Aztec Group, Inc., Florida’s leading real estate investment and merchant banking firm for the past 37 years, announces that Jason Shapiro, Managing Director; Charles Penan, Executive Vice President; and Brell Tarich, Director; have secured...

TruAmerica Teams with Oaktree Real Estate Income Trust to acquire 448-unit apartment community in...

TruAmerica Multifamily, in partnership with Oaktree Real Estate Income Trust (“Oaktree”), has acquired Anzio, a 448-unit class “B” multifamily community in Atlanta. Anzio represents the third deal TruAmerica has bought in Atlanta this year and...

Dekel Capital arranges $47.5 million loan from ACORE for acquisition of vacant 306-unit apartment...

Dekel Capital, on behalf of CGI Strategies, has arranged a $47.5 million bridge loan for the acquisition, renovation and stabilization of a vacant 306-unit luxury multifamily community located at 1662 Celebration Boulevard in Celebration,...

Meta Housing breaks ground on 72-unit transit-oriented affordable multifamily development in Los Angeles, CA

Meta Housing Corporation, a Los Angeles-based developer, in a joint venture partnership with Western Community Housing, a Southern California-based non-profit public benefit corporation, has announced the development of Vermont Corridor Apartments, a six-story, transit-oriented...

Westwood multifamily property sells for record high $373 per square foot price

Wiseman Residential, a prominent real estate developer in Southern California, has purchased a multifamily property located at 10751 Missouri Avenue in Los Angeles, California, for $3,025,266 in an off-market deal. The seller was a...

Levin Johnston directs $10 million sale of upgraded 35-unit multifamily community in San Jose,...

Levin Johnston of Marcus and Millichap, one of the top multifamily brokerage teams in the U.S. specializing in wealth management through commercial real estate investments, has directed the $10 million sale of Delano Apartments,...

ZOM Living and The Moinian Group partner to develop Luma, a 434-unit luxury apartment...

ZOM Living and The Moinian Group are preparing to break ground on Luma at Miami Worldcenter, a 43-story apartment tower in the heart of Downtown Miami. Luma will be a focal point of Miami...

Beverly Hills apartment building sells for record high price of $582 per square foot

An 11-unit apartment building, located at 315 S. Hamel Road in Los Angeles, California, has sold for $3,950,000. Kidder Mathews’ multifamily investment broker, Michael Monempour, represented the seller, Bentley Place, LLC, a private real estate investment company....

Cooper Plaza Townhomes preservation set to begin

Cooper Plaza Townhomes — a housing community in the Cooper Plaza Historic District that has provided affordable housing to Camden families for decades — is set for a major renovation following a successful financial closing...

CONTI acquires latest North Texas multifamily property

CONTI Organization, one of North Texas’ largest private multifamily property owners, has acquired Dawntree Apartments, a 400-unit, garden-style apartment complex located at 1834 E. Peters Colony Road in Carrollton, Texas.  The complex, which consists of...

Merchants Capital announces more than $180m total financing for two new mixed-income, mixed-use projects...

Mortgage banking firm Merchants Capital has secured financing for two affordable housing developments, totaling more than $180.6 million, in the New York City area: MEC 125th Street and Caton Flats. Both transactions executed a novel...
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