Thursday, May 30, 2024

Deal boom

Apartment deals, mergers and acquisitions

One William taps into new rental demand and Englewood appeal with 40 percent of...

Strong demand for new luxury rental residences and the growing appeal of downtown Englewood as a vibrant residential destination have led to a successful Grand Opening at One William, where just over 40 percent...

Shag, city of Tukwila, King County library system and community celebrate opening of Tukwila...

Sustainable Housing for the Ageless Generation (SHAG) and the City of Tukwila recently held the Tukwila Village Community Celebration to commemorate the culmination of a 20-year vision by the City of Tukwila to transform...

Alpha Wave Investors, LLC expands presence in Salt Lake City metro with acquisition of...

A subsidiary of Alpha Wave Investors, LLC (Alpha Wave), a private equity investment firm specializing in opportunistic and value-add multifamily and hospitality assets in the Western U.S., has acquired Park Station Apartments, a 94-unit...

Tower 16 Capital Partners continues Las Vegas area expansion, acquires 512-unit apartment community in...

San Diego-based Tower 16 Capital Partners, in a joint venture with Henley USA, has acquired a 512-unit multifamily project in Spring Valley, one of Las Vegas’s top submarkets. The project was acquired on an...

Gebroe-Hammer Associates exclusively represents seller and procures buyer in $56m sale of Thousand Oaks...

Gebroe-Hammer Associates has finalized the $56 million sale of Thousand Oaks Village, a sprawling 304-unit garden-style complex within the scenic Raritan Bayshore municipality of Atlantic Highlands, N.J. The brokerage team of Ken Uranowitz, president,...

$26.85 million Hartford County multifamily sale brokered by IPA

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of The Arbors at Brighton Park, a 132-unit multifamily asset in Bloomfield, Connecticut. The property sold for $26.85 million. “Completed in 2016,...

Capital Square 1031 takes DST offering full-cycle in record time, resulting in over 141...

Capital Square 1031, a leading real estate investment and management firm specializing in Delaware statutory trust offerings, announced today the sale of Bridgeview Apartments, a 348-unit multifamily community in Tampa, Florida. The property was...

$60.5 Million Value-Add Multifamily Property in Tempe Sold by IPA

Institutional Property Advisors (IPA), a division of Marcus & Millichap, closed the sale of Willow Creek, a 402-unit value-add multifamily asset in Tempe, Arizona. The property sold for $60.5 million, which equates to $150,498...

Draper and Kramer and Intercontinental Real Estate Corporation acquire 298-unit apartment community in Chicago’s...

Chicago-based Draper and Kramer, Incorporated, along with equity partner Intercontinental Real Estate Corporation, has expanded its Chicago-area portfolio with the acquisition of Burnham Pointe, a 28-story, 298-unit rental building in Chicago’s Printers Row neighborhood....

$24 million multifamily value-add opportunity sale brokered by IPA

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Cambridge Court, a 286-unit value-add multihousing asset in Phoenix. The $24 million sales price equates to nearly $84,000 per unit. “Positioned...

Meridian Capital Group arranges $115 million in financing for the construction of a multifamily...

Meridian Capital Group, America’s most active dealmaker, arranged $115 million in financing for the cash-out refinance of a multifamily property midway through construction in Brooklyn, NY on behalf of Hampshire Properties. The loan, provided by...

Sales start this Fall at Lexington Reserve at Oak Park, a new community of...

This fall, Lexington Homes will make its homebuilding debut in Oak Park, Ill., the popular “surban” village just west of Chicago’s city border. Lexington Reserve at Oak Park will offer 21 rowhomes within walking...

Alliance Residential Company launches active adult brand—breaks ground on first development in Tukwila, Wash.

Alliance Residential Company, one of the largest multifamily developers and managers in the U.S., announces the company’s highly anticipated active adult brand, Marvelle. The Marvelle brand, designed exclusively for residents age 55 and up,...

The Opus Group announces start of construction on a multifamily development in Des Plaines,...

The Opus Group (Opus) today announced the start of construction on a 113-unit luxury multifamily mixed-use development in Des Plaines adjacent to the O’Hare office and industrial submarkets. Located at 1555 Ellinwood, the transit-oriented...

Interra Realty brokers 3 multifamily sales in Chicago area totaling $10.1 million

Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it brokered three apartment building sales in the Chicago area totaling $10.1 million. The transactions include properties in the suburb of Evanston...
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