Thursday, May 16, 2024

Deal boom

Apartment deals, mergers and acquisitions

IPA sells two Connecticut multifamily assets for $62.65 million

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Middletown Brooke and Middletown Ridge, a two-property, 518-unit multifamily portfolio located in the Westlake District of Middletown, Connecticut. The portfolio...

Two decorated townhome models and design center open at Lexington Pointe in the heart...

Chicago-based Lexington Homes has announced the grand opening of two decorated models at Lexington Pointe, a new community of 58 townhomes in downtown Des Plaines. An on-site design center, with a full-time design consultant,...

Dominium begins construction on East Range Crossings

Dominium, a leading apartment owner, developer and manager, with regional headquarters in Denver, announced today that it will begin construction on East Range Crossings, a 252-unit affordable housing development in Denver, Colo. Dominium will begin...

Resource Apartment REIT III, Inc. purchases Tramore Village

On March 22, Resource Apartment REIT III, Inc., through a wholly owned subsidiary, completed the purchase of Tramore Village in Austell, Georgia. Built in 1999, the 324-unit community features numerous amenities, including two swimming...

JEMCOR Development Partners begins construction on 171 new mixed-income, transit-oriented apartments in Livermore

JEMCOR Development Partners today announces the groundbreaking for Ageno Apartments, a 171-unit, mixed-income, transit-oriented development located at South Vasco Road and Brisa Street in Livermore, Calif. Ageno Apartments marks the final construction phase in...

Virginia multifamily asset in Hampton Roads sells for $24.5 million

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Meadowview Townhomes, a 400-unit multifamily asset in Newport News, Virginia....

CA Senior Living announces start of construction on 179-unit Atria McCandless in suburban Pittsburgh

CA Senior Living LLC, the senior housing investment and development division of Chicago-based CA Ventures, today announced it has commenced construction on Atria McCandless, a 179-unit senior living community in McCandless, Pa., 10 miles...

City Club Apartments breaks ground on City Club Apartments – Central Business District Minneapolis

Suburban Detroit-based City Club Apartments, a 100-year-old mixed-use multifamily pioneer, broke ground today on its newest community—City Club Apartments—Central Business District (CBD) Minneapolis. Mayor Jacob Frey, Councilwoman Lisa Goodman and City Club Apartments Chairman...

Transwestern Investment Group acquires 464-unit community in Dallas-Fort Worth with S2 Capital

Transwestern Investment Group (TIG) and S2 Capital LLC today announce the acquisition of Oak Creek Apartments on behalf of one of its managed funds. Located at 1611 Oak Creek Lane in Bedford, Texas, the...

Reno Rebuild Project awards Derby Supply with $40,000 small business loan

Nickel by nickel the Reno Rebuild Project fund is growing to make one-of-a-kind loans to local small downtown businesses. This March, the project will be providing a $40,000 loan to the Derby Supply company...

The Wolff Company announces development of second modern senior living community in Reno

The Wolff Company—a Scottsdale-based private equity firm and senior living developer will soon break ground on Revel Damonte Ranch, a contemporary active senior living apartment community located in the Damonte Ranch, just south of...

Community Development Partners opens renovated affordable housing in Las Vegas

Community Development Partners and BLVD Capital will host a grand opening celebration for Baltimore Gardens and Cleveland Gardens Apartments on Tuesday, March 27, 2018 at 11am. The Baltimore and Cleveland Gardens project is a...

Pre-leasing begins at ELEVATE in Chicago’s Lincoln Park

Baker Development Corporation has announced the start of pre-leasing at ELEVATE Lincoln Park, an 11-story mixed-use development that will bring 191 luxury apartments and 16,000 square feet of street-level retail to the heart of...

Vermilion Development brings luxury condominiums and townhomes to the heart of Wicker Park with...

Vermilion Development today announced plans to begin sales for Alcove M.D.P., its newest condominium and townhome development in Chicago. Located at 1648-1650 Division St. and adjacent to a new mixed-use rental development, Alcove M.D.P....

Interra Realty Brokers $1.45 million deconversion sale in Oak Park, Ill.

Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it brokered the $1.45 million deconversion sale of 244-46 S. Marion St., a 10-unit building in Oak Park, Ill. The buyer intends...
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