Saturday, May 18, 2024

Deal boom

Apartment deals, mergers and acquisitions

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...
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...
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...
11285 Charnock Road

Stepp Commercial completes $3.05 million sale of 9-unit apartment property in the Mar Vista...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $3.05 million sale of a nine-unit apartment property located at 11285 Charnock Road in Los Angeles. The asset is...
Heron Estates Senior

Housing Trust Group completes new affordable senior housing community in Palm Beach County

Housing Trust Group (HTG), one of the nation’s most prolific developers of affordable housing, announces the completion of Heron Estates Senior, a new 101-unit, $24 million affordable housing community for seniors in the City...
Sorelle Apartments

Tower 16 Capital Partners acquires a 330-unit multifamily property in the Inland Empire for...

San Diego-based Tower 16 Capital Partners has acquired Sorelle Apartments, a 330-unit multifamily property located in Moreno Valley, Calif., for $85 million. The Sorelle Apartments project was built in 1986 and was acquired from...
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,...
Bloom Apartments

Walker & Dunlop Secures $39M Refinancing for Bloom Apartments in Seattle Suburb of Kirkland

Walker & Dunlop has arranged a $39 million refinance for Bloom Apartments, a 135-unit, 3-story multifamily apartment community located in the Seattle suburb of Kirkland. Bloom Apartments amenities include walk-in closets, vaulted ceilings (in select...
President Street

Greenbrook Partners Complete $3M Convent to Apartment Renovation Project on President Street in the...

Greenbrook Partners, a privately-held, vertically integrated real estate operating and investment company headquartered in New York City, announces the completion of a transformative residential project at 784 and 786 President Street in the heart...
Deer Creek Village

Institutional Property Advisors brokers $49.5 million multifamily asset sale in North Phoenix

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Deer Creek Village, a 308-unit multifamily complex in North Phoenix. The $49.5 million sales price represents $160,714 per unit. “Thoughtfully...
New Beginnings Community

Collaborating on Progressive Housing Solutions in Los Angeles’ Northeast New Beginnings Community

Ford E.C., a leader in inventive construction solutions, is proud to have been a crucial partner in addressing Los Angeles' housing crisis through its recent contribution to the Northeast New Beginnings Community project in...
Old Dixie Portfolio

Marcus & Millichap arranges the sale of a 43,255-square foot mixed-use building in Lady...

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Old Dixie Portfolio, a 30-unit rental townhome community and 7,500-square...
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