Institutional Property Advisors completes Southeast Valley of the Sun Multifamily property sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Delano, a 265-unit multifamily property in Mesa, Arizona. The $64 million sales price equates to $241,509 per unit.
“Mesa’s low cost...
Production volume and profits down in 2017 for independent mortgage bankers
Independent mortgage banks and mortgage subsidiaries of chartered banks made an average profit of $711 on each loan they originated in 2017, down from $1,346 per loan in 2016, the Mortgage Bankers Association (MBA)...
Suburban Dallas age-restricted multihousing asset sold
Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Franklin Park of Desoto, a 240-unit, age-restricted apartment asset for...
TMG Partners and Grosvenor Americas to redevelop CPMC Presidio Heights Campus
TMG Partners, one of the San Francisco Bay Area’s largest mixed-use property developers, and Grosvenor Americas, a privately owned property investment and development company, today announced the firms have entered into a partnership for...
Institutional Property Advisors completes multifamily asset sale in South Carolina
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Vantage at Powdersville, a 288-unit multifamily asset in Greenville, South Carolina.
“The property presents the buyer with a first-generation value-add opportunity...
Standard Communities and Faring form joint venture to create $2 billion of middle-income housing...
Standard Communities, one of the nation’s preeminent affordable and workforce housing investors, and Faring, among California’s most prolific developers, have formed a joint venture to create over $2 billion of “missing-middle” housing throughout California...
PCCP, LLC provides senior loan for the acquisition and renovation of a 180-unit apartment...
PCCP, LLC has provided a senior loan to a joint venture between funds managed by Oaktree Capital Management, L.P. and Security Properties for the acquisition and renovation of River Ridge Apartments located at 17865...
Marcus & Millichap brokers $9.8 million sale of 61-unit multifamily property in Chicago’s Hyde...
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced it has brokered the $9.8 million sale of 5120 S. Harper Ave., a 61-unit...
$20.5 million buys Tucson value-add multifamily asset
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of River Oaks Apartments, a 300-unit apartment complex in Tucson, Arizona. The $20.5 million sales price equates to $68,333 per unit.
“The...
JLL secures $43M financing for Morris County, New Jersey, apartments
JLL announced today that it has arranged $43 million in financing for Signature Place, a 197-unit, luxury apartment community in Morris Plains, Morris County, New Jersey.
JLL worked on behalf of Mack-Cali Realty Corporation, acting...
Marcus & Millichap arranges the sale of 411 Euclid in Oakland, California
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of 411 Euclid, a 13-unit apartment property located in Oakland, CA, according...
Announcing Uptown Apartments at Kirkland Urban
Kirkland Urban co-developers Talon Private Capital and Ryan Companies US Inc., announced today the naming of the residential portion of the Kirkland Urban project, to be known as ‘Uptown’. The redevelopment site, historically known...
Interra Realty Brokers $3.7 Million Deconversion Sale in Evanston, Ill.
Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it brokered the $3.7 million deconversion sale of 122-130 Callan Ave. in Evanston, Ill. The buyer plans to convert the building’s 25...
Sale of multihousing community in Minneapolis closes for $61.6 million
JLL Capital Markets announced that it has closed the $61.6 million sale of Marquee, a 231-unit, mid-rise multihousing community located in the Loring Park neighborhood of Minneapolis, Minnesota.
JLL represented the seller, Reuter Walton Development. KC...
$32.39 million seniors housing asset trades hands in Suburban Denver
Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of the San Marino Retirement Community, a 185,871-square-foot independent living, assisted...
