South Tempe multifamily asset sold by IPA for $22.5 million
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Wilshire Pines, a 173-unit multifamily asset in Tempe, Arizona. The property sold for $22.25 million.
“Wilshire Pines’ South Tempe location positions...
Cushman & Wakefield arranges $37.5M sale for The Sterling Group
Cushman & Wakefield has arranged the $37.5 million sale of The Reserve at Magnolia Ridge, a 360-unit apartment community located in Cary, North Carolina. Watson Bryant, Paul Marley and Marc Robinson of Cushman &...
$71.75 million buys award-winning suburban Phoenix multifamily asset
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Alta San Marcos, a 273-unit apartment complex in Chandler, Arizona. The property sold for $71.75 million, or $262,821 per unit....
Avison Young completes $16.76-million portfolio sale of two value-add apartment properties totaling 72 units...
Avison Young, the world’s fastest-growing commercial real estate services firm, announced today it has completed the $16.76-million portfolio sale of The Riviera and Rainbow Gardens, two nearby apartment properties totaling 72 units in Azusa,...
Magma Equities acquires 199-unit apartment community in Raleigh, NC
Multifamily investment firm Magma Equities has made its third investment in the Raleigh-Durham MSA this year, with the off-market acquisition of a 199-unit garden style apartment community in downtown Raleigh, NC.
University Apartments is located...
Berkadia arranges sale of 1,556-unit workforce housing portfolio in Houston
Berkadia announces it has arranged the sale of the Houston value-add multifamily portfolio, a four-property portfolio consisting of 1,556 apartment units in three suburbs of Houston. Managing Directors Joey Rippel, Chris Young and Jeffrey...
Institutional Property Advisors brokers Fort Worth multifamily asset sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Alexan Summit, now known as The Drake on Summit, a 372-unit multifamily property in Fort Worth, Texas.
“Alexan Summit is a...
219-unit condominium complex in Temple Hills, Maryland, sells through Chapter 11 bankruptcy plan
Transwestern today announces it represented the Lynnhill Condominium Association in the disposition of Lynnhill Condominiums, a 219-unit community at 3103 – 3107 Good Hope Ave in Temple Hills, Maryland. The property was purchased by...
Meridian Capital Group arranges $115 million in financing for the construction of a multifamily...
Meridian Capital Group, America’s most active dealmaker, arranged $115 million in financing for the cash-out refinance of a multifamily property midway through construction in Brooklyn, NY on behalf of Hampshire Properties.
The loan, provided by...
Construction is underway for Phase II of the Orient Heights Public Housing Redevelopment in...
Construction is underway for the second phase of the redevelopment of the Orient Heights public housing community in East Boston. MassHousing is supporting the Orient Heights project by providing $26 million in financing to...
Cushman & Wakefield arranges $50.5 million multifamily portfolio sale for Freeman Webb Co.
Cushman & Wakefield has arranged the $50.5 million sale of a five-property portfolio of value-add properties totaling 667 units located throughout Tennessee. Robbie O’Bryan and Brad Boston of Cushman & Wakefield represented the seller,...
Gebroe-Hammer Associates arranges $25.5+ million sale of Class A multifamily portfolio concentrated in Woodbridge...
Gebroe-Hammer Associates has arranged the $25.5+M sale of a Class A multifamily portfolio involving 87 luxury apartment-home and townhome rental units, the majority of which are concentrated in Woodbridge Township’s Avenel and Colonia neigborhoods....
Upper East Side multihousing development site sells for $32.325 million
JLL Capital Markets announced that it has completed the $32.325M sale of 1303-1309 Third Ave., a premier corner development site on New York City’s Upper East Side.
JLL worked on behalf of the seller Gastonia,...
The Kanner Group completes $15.525 million sale of The Galaxy Apartments, a 95-unit multifamily...
Matthew Kanner, President of The Kanner Group of KW Commercial, is pleased to announce he has completed the $15.525 million sale of The Galaxy Apartments, a 95-unit multifamily property located at 835 W. Rosecrans...
Berkadia Arranges $50.25 million in debt and equity financing for construction of Belmont Tampa...
Berkadia announces it has arranged $50.25 million in debt and equity financing for the development of Belmont Tampa Apartments, a 300-unit, Class A, garden-style apartment community to be built on the final undeveloped parcel...
