Saturday, May 18, 2024

Deal boom

Apartment deals, mergers and acquisitions

Vanguard and North Independence

$90.5 million financing arranged for two multihousing properties in Hoboken

JLL Capital Markets announced that it has arranged $90.5 million in financing for The Vanguard and North Independence multihousing properties in the bustling Shipyard neighborhood of Hoboken, New Jersey. JLL worked on behalf of Ironstate...
Upland Townhomes

ZMR Capital acquires multifamily community in Atlanta for $40.1 million

ZMR Capital (ZMR) has acquired Upland Townhomes (Upland), a 348-unit multifamily community in Atlanta, GA for $40.1 million. Upland is ZMR’s third acquisition in the Atlanta metro over the past three years and brings the...

Westside Estate Agency, WEA, lists late Paramount chief Brad Grey’s Holmby Hills estate for...

Westside Estate Agency, WEA, lists late Paramount chief Brad Grey’s Holmby Hills estate for $77.5 million Located in Holmby Hills on Carolwood Drive emerges the Grey Estate. Gates draw open and spill onto a picturesque...
Millennium South Bay Apartments

Standard Communities leads public-private partnership transitioning 230 market rate units to middle-income housing in...

Standard Communities, a leading affordable housing investor and developer,has led a public-private partnership that acquired Millennium South Bay Apartments, a 230-unit community in Hawthorne, Calif., utilizing California's innovative public-private partnership structure designed to facilitate...
Tides at Downtown Tempe

Westmount Realty Capital acquires garden-style multifamily community in Arizona

Westmount Realty Capital announced the acquisition of Tides at Downtown Tempe, a two-story, garden-style apartment community located at 615 S. Hardy Dr. in fast-growing Tempe. The 227-unit multifamily community consists of one-, two- and...
Vinan Apartments

Kiser Group advises on $4.15 million, 64-unit Melrose Park, Illinois multifamily sale

Kiser Group, Chicago’s leading multifamily brokerage firm, advised on the sale of Vinan Apartments in Melrose Park, Ill. Located at 2901 Vinan Drive, the 64-unit multifamily asset sold for $4.15 million. Director Matt Halper...
Midtown Detroit

Midtown Detroit Apartment Project To Break Ground, Adds Affordable Workforce, Missing Middle Housing

A new mixed-use project is preparing to begin construction in Midtown Detroit. The building will increase the city’s much-needed inventory of workforce-attainable housing, while also offering on-site retail space that serves residents and the...
Palm Coast, Florida

Marcus & Millichap Sells 19-Acre Palm Coast Land for $6.25 Million

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of 19 Acres on Whiteview Parkway in Palm Coast, Florida. The property...
Swan Lake

Cushman & Wakefield arranges $82.5 million sale of Swan Lake Apartments

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Swan Lake Apartments, a 640-unit apartment community located in Tampa, Florida. The final sale price was $82.5 million. Mike...
Maxwell on 66th

Institutional Property Advisors brokers sale of new luxury multifamily asset in Greater Phoenix for...

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Maxwell on 66th, a new, luxury 349-unit garden-style apartment property in the North Scottsdale Corridor of Phoenix, Arizona. The property...
Oxford Apartment Homes

432-unit Phoenix multihousing community closes

JLL Capital Markets announced that it has closed the sale of and arranged acquisition financing for Oxford Apartment Homes, a 432-unit, low-density garden-style multihousing community in Phoenix, Arizona. JLL marketed the property on behalf of...

Cooper Plaza Townhomes preservation set to begin

Cooper Plaza Townhomes — a housing community in the Cooper Plaza Historic District that has provided affordable housing to Camden families for decades — is set for a major renovation following a successful financial closing...

Cushman & Wakefield arranges sale for Cortland and Oaktree Capital Management

Cushman & Wakefield has arranged the sale of Canopy, a 684-unit apartment community located in Norcross, Georgia. Mike Kemether and Tyler Averitt of Cushman & Wakefield represented the sellers, Cortland and Oaktree Capital Management,...
The Ranch at Sienna

Thompson Thrift Residential announces sale of The Ranch at Sienna near Houston

Thompson Thrift Residential, a wholly-owned affiliate of Indianapolis-based Thompson Thrift and one of the nation’s leading multifamily developers, announced the sale of The Ranch at Sienna, a 312-unit Class A multifamily community located in the...
Park at Arlington

Cushman & Wakefield arranges $67.5 million sale of 747-unit portfolio on behalf of Blue...

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of four multifamily properties totaling 747 units in Alabama and Georgia. The final sale price was $67.5 million. Craig Hey,...
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