Thursday, November 28, 2024

Deal boom

Apartment deals, mergers and acquisitions

Big Wave

$37M Big Wave Housing Project to Redefine the Living Experience for Adults With Intellectual...

Big Wave Group announces the commencement of construction on a unique $37 million, 50,000-square foot two-story residence for adults with IDD. On the Big Wave campus, OSBI will operate a Culinary Academy, Catering Program, and...
Grand Reserve at Kirkman Parke

Berkadia Arranges $22.5M Refinancing of Fractured Rental Condo Community Grand Reserve at Kirkman Parke...

Berkadia has secured a $45.6 million loan for the purpose of refinancing 271 units at Grand Reserve at Kirkman Parke, a 390-unit fractured condominium community located in Metrowest, a master-planned golf community in Orlando,...
Park Lane Terrace

GREA Closes Park Lane Terrace in Dallas Texas

GREA, specializing in serving private to institutional multifamily real estate investors, announces the sale of Park Lane Terrace, a 152-unit apartment community in Dallas, Texas. Park Lane Terrace is located in the vibrant Vickery Midtown...
Parkline Chicago

AmTrust RE Acquires Luxury Apartment Building Parkline Chicago in the East Loop Neighborhood

AmTrust RE, a national real estate owner-developer with a portfolio of commercial, mixed-use and residential properties across the Northeast, Midwest and Sunbelt, announced the acquisition of Parkline Chicago, a 26-story, 213-unit residential high-rise building...
Bay Ridge

JLL to Market Trophy Bay Ridge Brooklyn Development Site

JLL Capital Markets announced it has been retained by ASG Equities to explore opportunities, including potential joint venture partnerships or a sale, tied to an assemblage that includes a 64,468-square-foot lot and 186,071-square-foot commercial...
Imperial Lofts

Greenstone Partners Brings 50-unit Chicago Condo Deconversion Imperial Lofts to Market

Commercial real estate brokerage firm Greenstone Partners has listed Imperial Lofts, a 50-unit condominium property located at 1528 S. Wabash Avenue in Chicago’s South Loop neighborhood, for sale. The property features a range of...
Park at Via Corso

Cushman & Wakefield and Greystone Close Sale and Financing of The Park at Via...

Cushman & Wakefield and Greystone jointly announced they arranged the sale of, and provided acquisition financing for, respectively, The Park at Via Corso, a 240-unit multifamily property in Daytona Beach, Florida. The multifamily property was sold...
Rise Highland Park

Rise48 Buys Uptown Dallas The Lure Apartments Rebranding the Community to Rise Highland Park

Rise48 has acquired The Lure Apartments (a 144-unit multifamily community) in Dallas. The property will be rebranded to “Rise Highland Park” and is located in the Uptown Dallas submarket within the Dallas MSA. Rise48 Equity...
The Greens at Irvington Mews

Enterprise Community Development Lands $116M for Maryland Housing Projects: The Greens at Irvington Mews,...

Enterprise Community Development, Inc., has closed on $116.4 million in financing for three affordable housing communities for families, seniors, and formerly homeless veterans in Maryland. The communities include The Greens at Irvington Mews, Park...
Vela on Camelback

Sherman Residential Spends $72M on Phoenix Residential Acquisition Vela on Camelback

Sherman Residential closed on a significant multifamily buy in Phoenix, paying $72.05 million for Vela on Camelback, a 237-unit ($304k/unit) Class A community. The property was sold by Pacific Development Partners (PDP). Completed in 2018,...
Ramona Oaks

CBRE Arranges Sale of Riverside Multifamily Property Ramona Oaks in $10M Deal

Ramona Oaks Apartments, a 44-unit multifamily property in Riverside, sold for $10.15 million, or $231k/unit. Ramona Oaks offers a mix of one- and two-bedroom floorplans, averaging 809 sf. Each unit features an electric-equipped kitchen, wood...
Icon

MDL Group Announces the Topping Out of Student Housing Tower Icon in Austin

Icon, a new high-rise addition to Austin's West Campus neighborhood, topped out earlier this month and is expected to be completed in time for student move-ins for the 2025-2026 school year. Developed by New York...
Tricon Willow Creek

Tricon Residential Opens Two New BTR Communities in Texas Near Austin and Houston: Tricon...

Tricon Residential, a Blackstone Real Estate portfolio company, along with its residents, partners and local leaders, celebrated the grand opening of two new built-to-rent communities in Texas: Tricon Bryson in Leander and Tricon Willow...
Midtown Manhattan

Marcus & Millichap’s IPA Capital Markets Arranges $75M Financing for Midtown Manhattan Office-to-Residential Conversion...

Institutional Property Advisors (IPA), a division of Marcus & Millichap, specializing in capital markets services for major private and institutional clients, has secured $75 million in acquisition financing for the former Pfizer headquarters in...
The Standard at Eugene

Landmark Properties Launches The Standard at Eugene Student Housing

Landmark Properties, a fully-integrated real estate firm specializing in the development, construction, investment management, and operation of high-quality residential communities, announces the launch of The Standard at Eugene, a 703-bed, 247-unit student housing development...
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