Friday, May 17, 2024

Deal boom

Apartment deals, mergers and acquisitions

2713-2737 W. Berwyn Ave

Interra Realty brokers $6.725 million sale of multifamily property in Chicago’s Budlong Woods Neighborhood

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the sale of 2713-2737 W. Berwyn Ave., a pair of adjacent courtyard buildings totaling 42 units in the Budlong Woods neighborhood...
The Columns at Westchase

ECI Group Announces Sale of The Columns at Westchase Apartments in Houston to Mosaic...

ECI Group (ECI) announces the sale of The Columns at Westchase apartments in Houston, Texas to Mosaic Residential. The 318-unit community located in the heart of Houston was built in 1999 and acquired by...
Vantage Point

Mogharebi Group Secures $16.5M for Sale of Bakersfield California Vantage Point Apartment Community

The Mogharebi Group (TMG) has arranged the $16.5 million sale of Vantage Point Apartments, a 144-unit multifamily community in Bakersfield, California. Senior Vice President Mark Bonas represented the buyer, a Central Valley-based investor, in...
Cambridge Street

Agent PHL Brokers Multifamily Investment Sale on Cambridge Street in Philadelphia

On behalf of The Seller, Agent PHL has formally announced the sale and settlement of 1710 Cambridge Street in Philadelphia, Pennsylvania. The investment sale was brokered by Ryan McManus, principal of Agent PHL at...
The Den

Hamilton Point Investments purchases Columbia, Missouri, student housing property

Transwestern Real Estate Services (TRS) announces it has brokered the sale of The Den, a 552-bed student housing community at 1412 Grindstone Plaza Drive in Columbia. Transwestern Senior Managing Directors Mike McGaughy and Jon...

Tower 16 Capital Partners acquires Lilly Garden Apartments, its first multifamily project in Phoenix,...

San Diego-based Tower 16 Capital Partners, in partnership with HG Capital, has acquired Lilly Garden Apartments, a 180-unit multifamily project in Phoenix. The property was acquired on an off-market basis from a private seller...
The Dylan

Institutional Property Advisors brokers $74.1 million North County San Diego multifamily sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Dylan, a 208-unit apartment complex in Oceanside, California. The property sold for $74.1 million, or $356,250 per unit. “Oceanside is...

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...
Modera EaDo

Mill Creek Delivers 377-Unit Apartment Project Modera EaDo in Northwest Austin

Mill Creek Residential has completed Modera EaDo, just east of The Domain shopping center. Residents can choose from Modera EaDo’s mix of studio, one-, and two-bedroom homes, with select homes featuring private yards. Community amenities...
Anna Cooper House

DHCFA finances affordable housing in Wards 2 and 4

The District of Columbia Housing Finance Agency is partnering with SOME (So Other Might Eat) by financing affordable housing in Wards 2 and 4. On April 24th, DCHFA issued $17.3 million in tax exempt bonds...

Fore Property strengthens its Southern California presence with opening of two new multifamily communities

Fore Property (Fore), one of the country’s top 20 largest multifamily developers, today announced the formal opening of two new multifamily communities: Arte in Rancho Cucamonga and Las Positas in Camarillo. Developed and constructed...
Crosswinds

Madison Marquette acquires 380-unit apartment community in Wilmington, North Carolina

Madison Marquette, a leading private full-service real estate provider, investment manager, developer and operator, announced the recent closing of Crosswinds a 380-unit apartment community in Wilmington, N.C. as part of its Evergreen Multifamily Value...
Hangar at Thunderbird

Decron Acquires Class A Multifamily Community Hangar at Thunderbird in Phoenix for $69M

Decron Properties has acquired Hangar at Thunderbird, a 266-unit gated luxury multifamily community located in Glendale, Arizona for $69 million. Decron acquired Hangar at Thunderbird for $260,000 a unit, far below the average cost of...
Alanna

McShane to Build 320-unit Apartment Community in Phoenix for Milhaus and Banyan Residential

McShane Construction Company was selected by repeat clients Milhaus and Banyan Residential to provide design-assist construction services for Alanna, a new apartment community in Phoenix, Arizona. “We’re excited to be underway on another project with...
SW by CLG

Gantry Secures Permanent Loan for the Recently Completed SW by CLG in Los Angeles

Gantry secured a $25.4-million permanent loan to retire construction financing for the recently completed SW by CLG in Los Angeles. Principal Andy Bratt and associate Sean Kuang with Gantry’s Irvine production office represented the borrower,...
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