Monday, April 29, 2024

Deal boom

Apartment deals, mergers and acquisitions

North Dallas multifamily asset sale brokered by IPA

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Churchill on the Park, a 448-unit garden-style multifamily asset located in North Dallas. “This beacon asset is in a one-of-a-kind infill...

Morgan Newfield says PBOC could raise interest rates this month

China’s central bank will likely need to react to an anticipated increase in US interest rates later in March. Analysts at Taipei, Taiwan based investment house, Morgan Newfield, say that it is widely expected the...

IPA sells four-property multifamily value-add portfolio in San Antonio

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of a portfolio totaling four multifamily value-add assets in San Antonio with a total of 1,210 units. “Located within strong submarkets, each...

Panasonic launches Smart City Innovation Showcase at Peña Station NEXT to celebrate company’s 100th...

Panasonic Corporation of North America’s CityNOW business unit has opened an immersive and interactive Smart City Innovation Showcase inside its Technology and Operations Center in Denver, Colorado. The 15,000-square-foot-facility features a 3D cityscape including...

New KTGY-designed mixed-use transit-oriented development with apartments and retail in South San Francisco moves...

International award-winning KTGY Architecture + Planning announced today that the new KTGY-designed mixed-use community at 988 El Camino Real in South San Francisco developed by SummerHill Apartment Communities received unanimous approval by the City...

Trez Forman Capital funds $19.6 million loan for single-family residential development in South Hillsborough...

South Florida-based Trez Forman Capital funded a $19.6 million loan for a 211-acre site located in suburban Tampa. Brett D. Forman originated the loan on behalf of Trez Forman. The borrower is affiliated with...

Timeless new high-rise riverfront condominium planned for Minneapolis

Luigi Bernardi and Ryan Companies US, Inc. will co-develop an ultra-luxury high-rise residential condominium tower in the Mill District of downtown Minneapolis. It will give residents unparalleled views of the Minneapolis skyline, including the...

Cryptocurrency set to disrupt the trillion dollar real estate industry, RE/MAX Action First says

Ready or not, the real estate industry is fast embracing the use of cryptocurrency. Discussed and hotly debated in financial circles, “the most mysterious thing about Bitcoin and other cryptocurrencies,” says innovative real estate...

M/I Homes celebrates new townhome model at Woodview in Woodridge, Ill.

M/I Homes, one of the most active builders in the Chicago area, announces it is opening a new decorated townhome model at Woodview, its new community of 51 low-maintenance townhomes off of 63rd Street,...

Pink elevator for breast cancer awareness running at The Viridian on Sheridan in Lakeview

Lakeview’s newest luxury apartment project, Viridian on Sheridan, is supporting the Susan G. Komen foundation with Chicago’s first “Ride the Pink Elevator” campaign. The goal of the pink elevator campaign is to raise funds...

NHPF purchases Woodmont Crossing Apartments

The NHP Foundation (NHPF), a national not-for-profit dedicated to preserving and creating sustainable, service-enriched multifamily housing, has acquired the 176-unit Woodmont Crossing Apartments. The $44.6 million transaction was made possible through a $25.5 million...

Hines and Welltower break ground on Sunrise at East 56th

Hines, the international real estate firm, and Welltower Inc., a leader in health care infrastructure, today commenced construction of a 16-story tower at 139 East 56th Street to house Midtown Manhattan’s first purpose-built assisted...

Value-add multifamily asset changes hands in Northern Nevada

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Horizons at South Meadows, a 344-unit multifamily asset in Reno, Nevada. The property sold free and clear of existing debt. “Horizons...

On-site leasing center now open for The Mews at Edison Lofts, industrial to residential...

The on-site leasing center is now open at The Mews at Edison Lofts in Edison Village, Prism Capital Partners’ industrial-to-residential redevelopment of the historic Thomas Edison Invention Factory and Commerce Center in West Orange,...

Cordillera Ranch tops $100 million in real estate sales for third straight year

Cordillera Ranch—the Hill Country’s premier private club and community—reports stellar 2017 results with over $100 million in real estate sales for the third year in a row. The San Antonio area’s top luxury residential resort-style...
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