Sunday, November 10, 2024

Deal boom

Apartment deals, mergers and acquisitions

Terra Murrayhill by Red Studio Inc

JLL closes $34.1 million sale of Beaverton apartment community

JLL announced today that it has closed the $34.1 million sale of Terra Murrayhill, a 137-unit, garden-style apartment community located in Beaverton, Oregon. JLL marketed the property on behalf of the seller, a West Coast-based...
Ten West Greeley

JLL arranges capital for Colorado multihousing development

JLL announced it has arranged $43.2 million in structured construction financing for the development of Ten West Greeley Apartments, a 264-unit, Class A, garden-style multihousing property in Greeley, Colorado. JLL worked on behalf of the...
Limestone Ridge Apartments

AMTEX closes financing and starts construction on 225 apartments for seniors in Austin

AMTEX Multi-Housing, LLC, announced today that it closed financing and started construction on Limestone Ridge Apartments—a multifamily affordable housing community being constructed in Austin at 7011 McKinney Falls Parkway. When completed, Limestone Ridge Senior Apartments...
Trailside at Reedy Point

Cushman & Wakefield arranges sale for Arlington Properties, Inc

Cushman & Wakefield has arranged the sale of Trailside at Reedy Point, a 215-unit apartment community located in Greenville, South Carolina. Marc Robinson, Jordan McCarley and Tai Cohen of Cushman & Wakefield represented the...
Bay View Estates

CBRE sells Bay View Estates for $20,425,000

CBRE today announced the sale of Bay View Estates in Portsmouth, Rhode Island, for $20,425,000. CBRE Capital Markets’ multihousing experts Simon Butler and Biria St. John exclusively represented the seller, Bay View Apartments LLC, a...
Savannah Oaks

Northwest San Antonio apartment asset sold by Institutional Property Advisors

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Savannah Oaks, a 332-unit multifamily asset in San Antonio, Texas. “Northwest San Antonio has some of the city’s best demographics...
Aspire Residences

Draper and Kramer tops off and reveals name of 275-unit apartment tower in Chicago’s...

Draper and Kramer, Incorporated, yesterday celebrated the topping-off of its new 24-story, 275-unit apartment tower at 2111 S. Wabash Ave. in Chicago’s South Loop. Called Aspire Residences, the transit-oriented development—located less than a block...

Newmark Knight Frank Multifamily closes final sale of $14,160,000 Jacksonville portfolio

Newmark Knight Frank Multifamily announces the $6.71 million sale of the 122 West Portfolio, a 5 property, 122-unit portfolio in Jacksonville, FL. This sale completes a 254-total unit acquisition by JTA Real Properties brokered by...
Gramercy Hollywood

Stepp Commercial completes $10.7 million sale of Gramercy Hollywood a 28-unit apartment property in...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $10.7 million sale of Gramercy Hollywood, a 28-unit apartment property located at 1836 N. Gramercy Place in one of...

BLT Enterprises sells fully entitled apartment site in West Los Angeles for $13.75 million

BLT Enterprises, a multi-faceted real estate investment company based in Santa Monica, California, has sold a former gas station and parking lot in Los Angeles, California for $13.75 million. BLT, with the help of their...

Marcus & Millichap arranges the sale of a 12-unit apartment building in Eustis, Florida

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Bayside Condos, a 12-unit apartment property located in Eustis, FL,...

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,...
Infinity Shore Club Residences

JLL raises capital for Seattle luxury waterfront residential project

JLL announced today that it has raised capital totaling $43.5 million for the development of Infinity Shore Club Residences, a 40-unit, luxury, for-sale residential project in the desirable Alki Beach neighborhood of Seattle, Washington. JLL...
Pierside North

JLL arranges $50 million financing for Pierside

JLL announced that it has arranged $50 million in financing for Pierside, a two-building, mixed-use property with 176 residential units and approximately 17,000 square feet of retail space in the coastal Southern California community...
Eastridge Estates

JLL closes $11.25 million sale, $14.4 million financing of Minnesota apartments

JLL announced that it has closed the $11.25 million sale and $14.4 million financing of Eastridge Estates, a 126-unit apartment community in Rochester, Minnesota. JLL marketed the property exclusively on behalf of the seller, Eastridge...
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