Thursday, May 30, 2024

Deal boom

Apartment deals, mergers and acquisitions

Pre-leasing begins at Southport Gateway Apartments in Chicago’s Southport Corridor

Chicago-based Spaces Real Estate today announced pre-leasing is underway at Southport Gateway, an upscale transit-oriented rental development at 3334 N. Southport Ave., along Chicago’s Southport Corridor. Located at the corner of Southport Avenue and Henderson Street, one...

Marcus & Millichap brokers $10.3 million deconversion sale of 25-unit multifamily building in Chicago’s...

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced it brokered the $10.3 million deconversion sale of 227 East Walton Place, a...

Wicker Park Connection II welcomes first move-ins on Chicago’s Northwest Side

Chicago-based Hubbard Street Group and co-developer Centrum Realty and Development today announced the first residents this week started moving into Wicker Park Connection II, a 15-story, 146-unit apartment development in Chicago’s vibrant Wicker Park...

Meta Housing breaks ground on 71-unit transit-oriented affordable housing community in East Los Angeles

Meta Housing Corporation, a Los Angeles-based developer, has broken ground on Whittier & Downey SE, a 71-unit affordable housing community that will be developed with permanent supportive housing and 3,400 square feet of community...

Contegra Construction has begun building a new $26 million apartment project — Thirteen01 at...

Thirteen01 at Hartman Lakes, a $26 million residential development in Shiloh, Ill, is underway with the groundbreaking on Phase I. Edwardsville, Ill-based Contegra Construction Co. is constructing the 216-unit project for developer Greenmount Retail Center,...

Pre-leasing begins at Viridian on Sheridan, Chicago’s first North Side rental to offer Alexa...

Vermilion Development has announced that pre-leasing is now underway at Viridian on Sheridan, a new luxury rental development at 734 W. Sheridan Road in Chicago’s Lakeview neighborhood. The 100-unit development is the first on...

$45 million Westchester County multifamily portfolio sold

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of a three-property, 104-unit multifamily portfolio in White Plains, New York....

Luxury suburban Pittsburgh multifamily asset sold by IPA for $61 million

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Ascent Four Thirty, a 319-unit luxury apartment community located in the affluent northern Pittsburgh suburb of Wexford, Pennsylvania. The property...

Revel Vegas, a refined senior community in Las Vegas, now pre-leasing

The Wolff Company—a Scottsdale-based private equity firm and developer—today announced that pre-leasing has begun for its new refined senior community: Revel Vegas. Located just five minutes from the Siena Golf Course, Revel offers exclusive...

Hanley Investment Group lists rare 12.60-acre mixed-use residential development opportunity in the heart of...

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm has been awarded the listing of a 12.60-acre former Kmart-anchored...

Bell Partners acquires community in San Francisco Bay Area

Bell Partners Inc., one of the nation’s leading apartment investment and management companies, announced today that, on behalf of its Fund VI investors, it has acquired Maxwell, an 80 unit mid-rise community located in...

Alpha Wave Investors acquires 144-unit multifamily property in rapidly growing Las Vegas market

Alpha Wave Investors, a private equity investment firm specializing in opportunistic and value-add multifamily and hospitality assets in the Western U.S., has acquired Cypress Springs Apartments, a 144-unit multifamily community situated in the Centennial...

CBRE arranges sale of 410-unit Chatsworth Apartments in Atlanta’s central perimeter area

CBRE has facilitated the sale of Chatsworth, a 410-unit gated apartment community located along Atlanta’s top end perimeter, Interstate 285, at 4800 North Hill Parkway. Situated within the largest office market in Metro Atlanta,...

Stonebridge acquires 200-unit Marietta, GA apartment community for $23.5 million

StoneBridge Investments of Washington, DC has acquired Avia East Cobb, a 200-unit apartment community located in the affluent Atlanta suburb of Marietta, GA for $23.5 million. The seller, an entity controlled by Harbor Group...

McNair interests announces transformative mixed-use project in Houston’s Uptown District

Today McNair Interests, a private investment and management company, revealed plans to transform a vacant six-acre site in the heart of Houston’s Uptown District into a luxury mixed-use project. Centrally located at the intersection...
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