Monday, May 6, 2024

Deal boom

Apartment deals, mergers and acquisitions

Old Dixie Portfolio

Marcus & Millichap arranges the sale of a 43,255-square foot mixed-use building in Lady...

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Old Dixie Portfolio, a 30-unit rental townhome community and 7,500-square...
Sunrise Apartments

Marcus & Millichap arranges the sale of a 44-unit apartment building in Saint...

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Sunrise Apartments, a 44-unit apartment property located in Saint Petersburg,...
Vantage Point

Mogharebi Group Secures $16.5M for Sale of Bakersfield California Vantage Point Apartment Community

The Mogharebi Group (TMG) has arranged the $16.5 million sale of Vantage Point Apartments, a 144-unit multifamily community in Bakersfield, California. Senior Vice President Mark Bonas represented the buyer, a Central Valley-based investor, in...
Park Place Apartments

Next Wave bolsters Pacific Northwest portfolio with acquisition of 65-unit multifamily community in Spokane...

Next Wave Investors, LLC (Next Wave), a private equity firm focused on value-add multifamily investments, has acquired Park Place Apartments, a 65-unit community in the Spokane submarket of Spokane Valley, Washington in an off-market...

Marcus & Millichap closes $53.4 million three-property Inland Empire multifamily sale

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of a three-property multifamily portfolio in the Inland Empire region of Southern...
Sorelle Apartments

Tower 16 Capital Partners acquires a 330-unit multifamily property in the Inland Empire for...

San Diego-based Tower 16 Capital Partners has acquired Sorelle Apartments, a 330-unit multifamily property located in Moreno Valley, Calif., for $85 million. The Sorelle Apartments project was built in 1986 and was acquired from...
Hangar at Thunderbird

Decron Acquires Class A Multifamily Community Hangar at Thunderbird in Phoenix for $69M

Decron Properties has acquired Hangar at Thunderbird, a 266-unit gated luxury multifamily community located in Glendale, Arizona for $69 million. Decron acquired Hangar at Thunderbird for $260,000 a unit, far below the average cost of...
Revival on Thomas

Marcus & Millichap sells Phoenix multifamily asset for $21 million

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Revival on Thomas, a 155-unit apartment complex in Phoenix. The...
Aperture

Luxury San Francisco peninsula apartment sold by Institutional Property Advisors

Institutional Property Advisors (IPA), a division of Marcus & Millichap, has announced the sale of Aperture, an 83-unit luxury multifamily community with approximately 6,600 square feet of retail space. Aperture is in San Bruno,...
Solverre

Willow Bridge Presents Solverre, 303 Rentals Now Leasing in Chicago’s Uptown Neighborhood

Willow Bridge announces a new 303-unit multifamily development in Uptown Chicago, Solverre, is now pre-leasing and scheduled to open its doors this spring. Situated at 4600 N Marine Drive, Solverre is just steps from Uptown’s...
Rockvale Apartments

Avison Young completes $7.5 million sale of 34-unit apartment property in Azusa, CA

Avison Young announced today the $7.5 million sale of Rockvale Apartments, a 34-unit, multifamily property located at 333 N. Rockvale Avenue in Azusa, CA (Los Angeles county). Avison Young’s Peter Hauser, Matt Hauser and Masa...
Dawson LB

Stepp Commercial completes $2.1 million acquisition of a 12-unit apartment property in Long Beach,...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $2.1 million acquisition of a 12-unit, value-add apartment property located at 1135 Dawson Avenue in Long Beach, CA. Robert Stepp...
Garden Grove Apartments

Intercontinental Real Estate Corporation acquires 376-unit apartment community in Phoenix, Ariz. for $126 million

Intercontinental Real Estate Corporation (Intercontinental) has acquired Garden Grove Apartments, a 376-unit garden-style apartment complex in Tempe, Ariz. for $126 million. The acquisition marks Intercontinental’s fifth acquisition in Phoenix. Garden Grove Apartments is located at...

Draper and Kramer celebrates grand opening of 61 Banks Street in Chicago’s Gold Coast

Draper and Kramer, Incorporated, last week celebrated the grand opening of 61 Banks Street, an eight-story, 58-unit boutique rental building at Banks Street and Lake Shore Drive, on the last developable lakefront parcel in...
Grand Oaks

The Multifamily Group brokers 73 units in Shreveport

The Multifamily Group (TMG), a Dallas-based commercial real estate brokerage firm, announced this week it had facilitated Grand Oaks' sale in Shreveport. Managing Director Evan Burke represented the seller and procured the buyer. "Northern Louisiana...
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