Tuesday, November 12, 2024

Deal boom

Apartment deals, mergers and acquisitions

Hanover Cambridge Park

CBRE sells Hanover Cambridge Park to Guardian Life

CBRE announced the sale of Hanover Cambridge Park located at 80 Cambridge Park Drive in Cambridge, Massachusetts, to Guardian Life. CBRE Capital Markets’ multihousing experts Simon Butler and Biria St. John exclusively represented the seller,...
930 North Blvd

Kiser Group brokers 930 North Blvd. in Oak Park for $8.3 million

Kiser Group, Chicago’s leading multifamily brokerage firm, recently brokered 930 North Blvd., a 48-unit, 7-story property in Oak Park, Illinois, for $8,300,000. Kiser Group’s Matt Halper and Marco Cesario represented the buyer Goldman Investments...
Ingram Park Apartments

Franklin Street closes $8.2 million multifamily asset sale in Miami-Dade MSA

Franklin Street has negotiated the sale of Ingram Park Apartments, a 118-unit rental community located at 14255 – 14460 NW 22nd Avenue in Opa-Locka, Fla., approximately 20 minutes northwest of Miami. Hernando Perez, Joe Rubin...

JLL arranges $35.5 million financing for The Jax

JLL Capital Markets announced today that it has arranged $35.5 million in financing for The Jax, a 322-unit multihousing property in Northwest San Antonio. JLL worked on behalf of the borrower, Casoro Group, to secure...

JLL arranges $6 million loan for 80 Terrace Street in Boston

JLL Capital Markets announced today that it has arranged a $6 million construction loan for the development of 80 Terrace Street, a nine-unit, boutique, for-sale condominium building in the Mission Hill neighborhood of Boston. JLL...
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...
Atworth at Mellody Farm

Passco Companies expands into Greater Chicago market with acquisition of 260-unit multifamily community in...

Passco Companies, a privately held California-based commercial real estate company that specializes in acquisition, development, and property and asset management throughout the U.S., has acquired The Atworth at Mellody Farm, a 260-unit luxury multifamily...
Altura at Tropicana Exterior

Tower 16 Capital Partners sells Altura on Tropicana Apartments in Las Vegas, Nevada

San Diego-based Tower 16 Capital Partners has successfully sold Altura on Tropicana, a 512-unit multifamily project in Las Vegas, after an 18 month hold period. Tower 16 had originally purchased the property for $50...
Monterra Ridge Apartments

$62.5 million Santa Clarita Valley of Los Angeles multifamily asset sold by Institutional Property...

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Monterra Ridge Apartments, a 232-unit apartment property in the Santa Clarita Valley city of Canyon Country, California. The asset...
Park Plaza

Levin Johnston completes $23 million sale of multifamily community in Bay Area submarket of...

Levin Johnston of Marcus & Millichap, one of the top multifamily brokerage teams in the U.S. specializing in wealth management through commercial real estate investments, has successfully represented the buyer and the seller, both...
The Daley at Shady Grove

JLL arranges $62 million loan for The Daley at Shady Grove

JLL Capital Markets announces it has arranged $62 million in financing for The Daley at Shady Grove, a 333-unit multihousing community with nearly 15,000 square feet of ground-floor retail located in Rockville, Maryland. JLL worked...
Avilla Town Square

NexMetro Communities sells Phoenix metro asset for $42.6 million

NexMetro Communities, a pioneer of single-level luxury leased home neighborhoods, has sold its 152-unit Avilla Town Square asset for $42.6M to Keller Investment Properties. “This NexMetro sale further validates the tremendous value in the market...
Alta Central

Institutional Property Advisors sells new multifamily asset in Central Phoenix

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Alta Central, a 223-unit mid-rise multifamily building in Midtown Phoenix, Arizona. “The property is a transit-oriented development in Arizona’s Innovation...
Riverstone Apartment Homes

Cushman & Wakefield closes $51 million sale on behalf of Mesa Capital Partners

Cushman & Wakefield has arranged the $51 million sale of Riverstone Apartment Homes, a 328-unit community located in Augusta, Georgia. Taylor Bird, Robert Stickel and Nelson Abels of Cushman & Wakefield represented the seller,...
Breakwater

Callahan Construction breaks ground on luxury waterfront apartment complex in Lynn North Shore

Callahan Construction Managers (Callahan) announces they have broken ground at Breakwater in Lynn, MA. The Dolben Company in joint venture with Minco Corporation is developing the future luxury waterfront apartment complex, with HDS Architecture...
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