Saturday, May 18, 2024

Deal boom

Apartment deals, mergers and acquisitions

West Roxbury

Griffith Pepdjonovic Group of Marcus & Millichap Facilitates $6.7 Million West Roxbury Sale

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of a mixed-use portfolio in the West Roxbury neighborhood of Boston, Massachusetts....
Bay Vista at Meadow Park

Avanath Capital Management expands multifamily footprint in Northern California with the acquisition of affordable...

Avanath Capital Management, LLC, a private real estate investment manager, announces the acquisition of the Novato Portfolio, comprising two LIHTC rental apartment properties in the Bay Area submarket of Novato, California, for $131.5 million. Purchased...
The Nine at Central

Cushman & Wakefield Arranges Sale of The Nine at Central Student Housing Apartment Community

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of The Nine at Central, a recently built 201-unit and 764-bed student housing apartment community located at the University...
Cedar Grove

Trion Properties augments East Bay holdings with acquisition of 61-unit multifamily community in San...

Trion Properties, a private equity real estate firm that specializes in multifamily investments in western markets, has expanded its East Bay portfolio with the acquisition of Cedar Grove, a 61-unit multifamily community located in...
Magnolia Heights

Newmark arranges sale of 149-unit trophy multifamily property in Urban San Antonio

Newmark announces the sale of Magnolia Heights, a 149-unit, mid-rise, trophy multifamily property in Alamo Heights, Texas, a suburb of San Antonio. Newmark Vice Chairman Patton Jones and Managing Director Matt Michelson represented the seller,...
Ford Site Redevelopment Rendering

Ryan Companies closes on 122-acre former Ford site

Ryan Companies US, Inc. announced today that it has completed the purchase of the 122-acre parcel of land owned by Ford Motor Company in the Highland Park neighborhood of Saint Paul. The City of...

Newly developed luxury apartment community trades for $53 million

JLL Capital Markets announced that it has completed the $53 million sale of BELA, a newly developed, 104-unit, luxury apartment community located within a qualified opportunity zone in Jersey City’s rapidly expanding Bergen-Lafayette neighborhood. JLL...
Laurie Lane Apartments

ABI Multifamily Brokers 8-Unit South Glendale Multifamily Community Laurie Lane Apartments for $2.3M

ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $2,300,000 / $287,500 Per Unit / $412.19 Per SF sale of Laurie Lane Apartments, an...
Casa 2055 Apartment Homes

Stepp Commercial completes $5.3 million sale of a newly renovated, 13-unit apartment property in...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $5.3 million sale of Casa 2055 Apartment Homes, a newly renovated, 13-unit multifamily property located at 2055 E. 3rd...
Wilshire Royale

Institutional Property Advisors closes iconic Wilshire Boulevard multifamily sale in Los Angeles for $45.5...

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Wilshire Royale, a 193-unit multifamily asset with 8,933 square feet of ground floor retail in Los Angeles, California’s Westlake District....
The Henry at Liberty Hills

Berkadia arranges debt and equity for Class A Houston apartments

Berkadia announces it has arranged debt financing and secured an equity partner for the acquisition of The Henry at Liberty Hills (formerly known as SYNC at Liberty Hills), a 228-unit luxury garden style community...

JLL arranges $97.5 million financing for Stamford mixed-use project

JLL announced that it has arranged $97.5 million in financing for the development of the second phase of Atlantic Station, a luxury mixed-use residential and retail property in downtown Stamford, Connecticut. JLL worked exclusively on...

Portland smart-home startup IOTAS sells to security giant ADT

Home security company ADT has purchased Portland startup IOTAS, whose technology adapts smart-home features for apartments buildings. IOTAS’ technology enables renters to control lights, thermostats, locks and other wireless features. Such automation is common in...
4737 Kester Avenue

Kidder Mathews arranges record-breaking sale of multifamily property in Sherman Oaks

An eight-unit apartment property at 4737 Kester Avenue in Sherman Oaks, California has sold for $3,600,000. This marks a record-high price-per-unit for a rent-controlled apartment building in the 91403 zip code. Kidder Mathews’ Michael...
Pointe at Eastgate

Cambridge Realty Capital Provides Refinancing on The Pointe at Eastgate Assisted Living Facility Near...

Cambridge Realty Capital provided a $15.52 million HUD Lean loan to refinance The Pointe at Eastgate, an assisted living facility located in Algonquin, Illinois. Brent Holman-Gomez, Cambridge Senior Vice President, reported that the fully-amortized, 35-year...
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