Sunday, May 5, 2024

Deal boom

Apartment deals, mergers and acquisitions

Haven at Mansfield

Ascendant Development Announces the Completion of Haven at Mansfield South of Dallas-Fort Worth

Houston-based multifamily developer, investor and general contractor Ascendant Development has finished and opened its latest development, Haven at Mansfield, in Mansfield, Texas. The 257-unit, four-story property was planned and designed by Houston-based architect EDI International....

Revel Vegas, a refined senior community in Las Vegas, now pre-leasing

The Wolff Company—a Scottsdale-based private equity firm and developer—today announced that pre-leasing has begun for its new refined senior community: Revel Vegas. Located just five minutes from the Siena Golf Course, Revel offers exclusive...
Prose New Hope

Alliance Residential Company opens apartment community in Northeast Raleigh

Leading national multifamily developer Alliance Residential is proud to announce the opening of its newest apartment community, Prose New Hope in Northeast Raleigh. Prose New Hope is in the heart of a high-growth employment corridor...
52 at Park

Lincoln Avenue Communities Breaks Ground on Affordable Housing Development 52 at Park in Orlando

Lincoln Avenue Communities (LAC), a mission-driven acquirer and developer of affordable housing, broke ground on the future site of 52 at Park in Orlando, Florida during a ceremony with LAC leaders, local lawmakers and...
Bolsa Row

R.D. Olson Construction breaks ground on 6-acre mixed-use community in Westminster, California

R.D. Olson Construction, an award-winning general contracting firm in California, announced the ground-up construction of Bolsa Row, a mixed-use development in the heart of Westminster’s Little Saigon District. Situated on a 6-acre lot, the...
Stonehenge Apartments

HFF closes sale of Stonehenge Apartments in Raleigh, North Carolina

HFF announces the sale of Stonehenge Apartments, a 452-unit, garden-style multihousing community in the North Raleigh submarket of Raleigh, North Carolina. The HFF team marketed the property on behalf of the seller, Chicago-based Magnolia Capital....
NOVEL Independence Park

CP Capital US to develop ‘NOVEL Independence Park’ in Tampa, Florida with Crescent Communities

CP Capital, a highly disciplined U.S. real estate manager specializing in multifamily investments, announced a joint venture with Crescent Communities, a nationally recognized, market-leading real estate investor, developer, and operator of mixed-use communities, to...

Rieber Developments closes on $36 million construction loan for Ivory 214

Aventura-based Rieber Developments proudly announced today that they have closed on a $36 million construction loan for Ivory 214. Miami-based BridgeInvest served as the lender. The loan was formally granted to the property’s development...
Lumen Fox Valley

Morgante Wilson Architects Completes Interiors for Mall-to-Apartments Conversion at Lumen Fox Valley in Aurora...

Morgante Wilson Architects (MWA), a leading architecture and interior design firm, released photos of its completed interiors work at Lumen Fox Valley, a new 304-unit luxury rental community from developers Atlantic Residential and Focus...

Preserving Affordable Workforce Housing in Maryland

Maryland-based The Severn Companies and nationally recognized Enterprise Community Investment Inc. (Enterprise) have partnered to acquire Ivy Crossing, a 99-unit multifamily property in Catonsville, MD. Ivy Crossing, built in 1947, provides vital affordable workforce...
Chilton Hall Apartments

Gebroe-Hammer Associates inks sale of generationally owned multifamily asset in Elizabeth, NJ

Gebroe-Hammer Associates has arranged the sale of a 126-unit, garden-apartment community with generational ownership of 40+ years in Union County, N.J.’s City of Elizabeth. Executive Vice President Stephen Tragash exclusively represented the seller and...
The Lodge at Mallard's Landing

Northmarq Secures $35M Refinance of 147-unit Senior Living Community The Lodge at Mallard’s Landing...

Stuart Oswald, senior vice president/managing director of Northmarq’s Seattle office arranged the $35 million refinance of The Lodge at Mallard's Landing. The Lodge at Mallard's Landing is a 147-unit private pay independent living, assisted living...
Gateway at Millbrae Station

JLL raises $335.6 million in capital for Bay Area mixed-use project

JLL announced today that it has raised capital totaling $335.6 million for the development of Gateway at Millbrae Station, a transit-oriented, mixed-use residential and office property adjacent to the Millbrae BART and Caltrain Stations...
Birch House Courtyard

Halpern Real Estate Ventures Reveals “The Birch House” Opening Timeline for New 337-Home Rental...

Developer Halpern Real Estate Ventures announced that the nearly-completed six-story building will be known as “The Birch House,” reflecting its strong emphasis on nature, green space and the environment as well as the development’s...
The Park at Forestdale

$25.75 million multifamily asset sale brokered by Marcus & Millichap in Birmingham, Alabama

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of The Park at Forestdale, a 486-unit multifamily asset in Birmingham, Alabama....
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