Thursday, May 16, 2024

Deal boom

Apartment deals, mergers and acquisitions

Alliance Residential starts Broadstone Queen City

Alliance Residential Company, one of the largest privately-held multifamily developers in the country, has broken ground on Broadstone Queen City, a 260-unit luxury apartment community where South End meets Uptown in Charlotte, N.C. An homage...

IPA brokers luxury Texas multifamily asset sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Twin Creeks at Alamo Ranch, a 300-unit luxury multifamily asset in San Antonio, Texas. “The San Antonio multifamily market continues to...

LCS reaches agreement with Ocean Land Investments to provide development consulting and management services...

LCS and Ocean Land Investments today announced that the companies have reached an agreement to provide development consulting, marketing, and management services for Riverwalk Residences of Las Olas, South Florida’s newest, urban high-rise senior...

Value-add multifamily opportunity available in Connecticut

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces it is the exclusive listing agent in the marketing for sale of The Place at Catherine’s Way, a 303-unit, 100-percent market- rate multifamily...

Brand-new suburban apartment asset trades in Orlando

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of The Alexander at Sabal Point, a newly constructed, 286-unit multifamily...

$69.25 million multifamily asset in Arizona sold by IPA

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Alta Steelyard Lofts, a core Class “A” mid-rise, 301-unit multifamily property located Chandler, Arizona. The property sold for $69.25 million,...

First residences in Phase I of redevelopment at historic Edison Factory begin to move...

Alexander Howze, a longtime resident of West Orange and the surrounding area, has watched the industrial-to-residential redevelopment of the historic Edison Factory from the very start. Now, as one of the first residents of...

1,546-bed student housing portfolio sale brokered by the Shin and Zylstra Team of Marcus...

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of the Rexburg Portfolio, an eight-property, 1,546-bed student housing portfolio located...

Multifamily value-add opportunity hits the market near Tampa

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the exclusive opportunity to acquire Villas at Deer Park, a 172-unit apartment community in Lutz, Florida. The price is open bid. “This asset will...

Timberland Partners holds Groundbreaking Ceremony for Elevate Apartments in Eden Prairie, MN

Timberland Partners, a privately-owned real estate investment, development and management firm, held the official groundbreaking ceremony to begin construction on Elevate at SouthWest Station Apartments located in Eden Prairie, Minnesota, near SouthWest Station Metro...

Stiles unveils transformed 200 East Las Olas Office Tower

Stiles announced today that it has completed a $2 million renovation and rebranding of 200 East Las Olas, a 21-story, mixed-use office tower in downtown Fort Lauderdale. Stiles, which owns, manages and leases the...

Ginnie Mae MBS outstanding increases to $1.950 trillion

Ginnie Mae today announced that issuance of its mortgage-backed securities (MBS) totaled $34 billion in April. A breakdown of April issuance includes $32.437 billion of Ginnie Mae II MBS and $1.631 billion of Ginnie Mae...

Flaherty & Collins Properties selected by city of Valparaiso for transit oriented project featuring...

Flaherty & Collins Properties has been selected by the City of Valparaiso to negotiate and develop a proposed $120 million mixed-use, transit-oriented project that will include over 500 apartments and 12,000 square feet of...

San Francisco celebrates renewal of 255 Woodside

City and County officials will join Mission Economic Development Agency (MEDA) and BRIDGE Housing at 12:00 noon today to celebrate the renewal of 255 Woodside, a 109-unit affordable rental community for seniors and residents...

Meridian Capital Group arranges $15 million in construction financing for The Davenport

Meridian Capital Group, America’s most active dealmaker, arranged $15 million in construction financing for The Davenport, a multifamily property in Somerville, NJ, on behalf of developer Robert Weiss of Weiss Properties. Located at 21 Davenport...
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