Friday, May 17, 2024

Deal boom

Apartment deals, mergers and acquisitions

JLL arranges $20.5 million loan for Jersey City apartments

JLL Capital Markets announced today that it has arranged $20.5 million in financing for the acquisition of The Ashton, a newly completed, 93-unit, Class A apartment project in Jersey City, New Jersey. JLL worked to...
Elan Solea

Walker & Dunlop Announce Newly-Constructed Hialeah Rental Property Elan Solea Hits Market for $151M

Walker & Dunlop Investment Sales (WDIS) has listed for sale Elan Solea, a luxury garden community in the suburbs of Miami. Still Hunter and Kaya Suarez are lead brokers on the deal on behalf...
The Moderne

Institutional Property Advisors negotiates $260 million multifamily asset sale in Scottsdale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Moderne, a 369-unit mid-rise multifamily asset in Scottsdale, Arizona developed by JLB Partners. The $260 million sales price equates...
Douglas Gardens Residences

ANF Group Celebrates Topping Out of New Affordable Community for Seniors Douglas Gardens Residences...

ANF Group, Inc., a full-service construction firm providing construction management, general contracting, development, and design-build services to the South Florida market, celebrated the topping out of the Douglas Garden Residences, Broward County’s newest senior...
Hanover Cambridge Park

CBRE sells Hanover Cambridge Park to Guardian Life

CBRE announced the sale of Hanover Cambridge Park located at 80 Cambridge Park Drive in Cambridge, Massachusetts, to Guardian Life. CBRE Capital Markets’ multihousing experts Simon Butler and Biria St. John exclusively represented the seller,...
Legacy at Lanier

Fogelman Partnership completes acquisition of 150-unit multifamily community in Gainesville, Georgia

Fogelman Properties, one of the country’s largest, privately-owned and fully integrated multifamily investment and property management companies, is pleased to announce the acquisition of Legacy at Lanier apartments in Gainesville, Georgia. Built in 2004, Legacy...

MassHousing closes on $33.1 million in financing for the extension of affordability and property...

MassHousing has closed on a total of $32.8 million in affordable housing financing to the Madison Park Development Corporation (MPDC), for the preservation of affordability and property rehabilitation at the 131-unit Haynes House in...

Stepp Commercial completes $2.03 million sale of a 10-unit value-add apartment property in Long...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $2.03 million sale of a 10-unit, value-add apartment property located at 1871 Chestnut Avenue in the Wrigley neighborhood of...
Stewart’s Mill Apartments

FCP Announces $28.2M Sale of Stewart’s Mill Apartments in Douglasville Georgia

FCP® announces the sale of Stewart’s Mill Apartments in the West Atlanta suburb of Douglasville, Georgia to Viking Capital for $28.2 million. “FCP is pleased to have completed the successful execution of our business plan...
Naranja Grand

Housing Trust Group & Elite Equity Development Break Ground on Phase 2 of New...

Housing Trust Group (HTG), a leading multifamily developer, has closed on financing and commenced construction on Naranja Grand II, a new $71 million affordable apartment community comprised of 200 residences in Southwest Miami-Dade County,...
Trails at Lake Houston

Institutional Property Advisors brokers Houston apartment asset sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Trails at Lake Houston, a 304-unit multifamily asset in Lake Houston, Texas. “The Lake Houston neighborhood is one of Houston’s fastest-growing...
REVA

ANF Group Celebrates Topping Out of REVA in Fort Myers Florida

ANF Group, a full-service construction firm providing construction management, general contracting, development, and design-build services to the South Florida market, celebrates the topping out of REVA, a 255-unit gated luxury multifamily community located on...
Manhattan Avenue Senior Apartments

Governor Hochul Announces Completed Expansion of 70-Unit Manhattan Avenue Senior Apartments Development in Westchester...

Governor Kathy Hochul announced the completion of the 70-unit Manhattan Avenue Senior Apartments in the town of Greenburgh, Westchester County. “The transformation of the Manhattan Avenue Senior Apartments will help seniors access safe, secure, and...
The Flats at Dorsett Ridge

Northmarq Announces $54M Sale and Acquisition Financing of Luxury Multifamily Community The Flats at...

Northmarq’s Midwest Investment Sales team of Regional Managing Director Parker Stewart and Managing Director Dominic Martinez brokered the $54.1 million sale of a 214-unit multifamily property in Maryland Heights, Missouri. Built in 2021, The...

Ground has broken on Pivot, a mixed-use project on Capitol Hill

Ground has recently broken on Pivot, a mixed-use project located at the convergence of Downtown Seattle and Capitol Hill’s thriving Pike/Pine neighborhood, developed by Vibrant Cities With an eye toward the auto-row history of Capitol...
Yield PRO