Wednesday, May 15, 2024

Deal boom

Apartment deals, mergers and acquisitions

1014 Burlington Avenue

Marcus & Millichap arranges the sale of a 14-unit apartment building in Lisle, Illinois

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research, and advisory services, announced the sale of 1014 Burlington Avenue, a 14-unit apartment property located in Lisle, Illinois,...
Appletree Apartments in Campbell, California

Interstate Equities Corporation Acquires 253 Rental Units Across Three Multifamily Communities in The Bay...

In a series of multifamily real estate purchases Interstate Equities Corporation (IEC) is pleased to announce that it has finalized three acquisitions totaling about $68 million. “All three of these communities have the potential to...

Levin Johnston directs two property sales totaling $23.45 million in the California East Bay...

Levin Johnston of Marcus and Millichap, one of the top multifamily brokerage teams in the U.S. specializing in wealth management through commercial real estate investments, has successfully directed two property sales totaling $23.45 million...
1000 Redondo Avenue

Stepp Commercial completes $4.455 million sale of 20-unit apartment property in Long Beach, California

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $4.455 million sale of a 20-unit apartment property located at 1000 Redondo Avenue in the Eastside submarket of Long...

Passco Companies acquires 360-unit class a luxury multifamily community in Sarasota, Florida for $77.5...

Passco Companies, a privately-held California-based real estate company that specializes in the investment, acquisition, development and management of commercial properties throughout the U.S., has announced that it has acquired a Class A, institutional grade,...
Atlantica at Daytona

Daytona Beach multihousing development secures $77 million in financing

JLL Capital Markets announced that it has closed the $77 million construction financing for Atlantica at Daytona, a 341-unit, luxury, garden-style multihousing development in Daytona Beach, Florida. JLL represented the borrower, a joint venture between...
City View Apartments

Marcus & Millichap negotiates the sale of a 65-unit multifamily complex for $11.65 million

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of City View Apartments, a 65-unit complex in Fort Lauderdale, Florida. The...

Ocean Land bucks slow sales trend for million-dollar plus condos with nine units sales...

Ocean Land Investments today announced that they had secured nine sales over the past 60 days at their Aqua-branded niche luxury developments, totaling $16.9 million in sales. The sales were realized at AquaMar and...
Mosaic Apartments

Rise48 Equity Celebrates Milestone 50th Multifamily Acquisition with Mosaic Apartments in the Dallas MSA

Rise48 Equity, a leading multifamily investment group, announced the acquisition of Mosaic Apartments in the DFW area of Texas. Rise48 Equity has plans to revitalize Mosaic Apartments, soon to be rebranded Rise Fossil Creek, with...
The Preston

Mesa West Capital originates $65 million loan to fund Los Angeles apartment acquisition

Mesa West Capital has provided Newport Beach, CA-based real estate development and investment firm Sares Regis Group with $65 million in first mortgage debt for the acquisition of a 169-unit multifamily community in Los...
Fannwood Estates

Marcus & Millichap Closes Mid-Rise Apartment Property Sale Fannwood Estates in New York City...

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Fannwood Estates, a six-story, 312-unit multifamily asset located on an entire...
864 East 149th Street

GFI Realty Services arranges the $6.4-million sale of 46-unit Bronx multifamily building

GFI Realty Services announced the $6.4-million sale of 864 East 149th Street, a walk-up building comprised of 46 units located in the Mott Haven section of the Bronx. GFI Director Zachary Fuchs represented the seller, NY Metro...
One Mallory

$9.8 million in financing secured for Jersey City multihousing development

JLL Capital Markets announced that it has arranged $9.775 million in construction financing for One Mallory, a 44-unit, seven-story luxury multihousing development at 70 Fisk Street in Jersey City’s West Side. JLL represented the borrower,...
The Ivy

BNE Real Estate Group Delivers Upscale Rental Living to Desirable Borough of Chatham with...

The Ivy, the brand-new luxury rental community in the Borough of Chatham, New Jersey, has leased more than 50 percent of its residences, developer BNE Real Estate Group announced. The Ivy reached the important milestone...
Riverwalk

120-unit LIHTC housing complex sells for $8.8 million outside Chicago

Affordable HousingInvestment Brokerage Inc. (AHIB) recently sold a 120-unit independent senior living community in Lyons, Illinois for $8,800,000. Managing Director Kyle Shoemaker represented the seller, Barron Development LLC, and buyer, New Frontier Companies, to...
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