Bell Partners to Rebrand SoCal Multifamily Property Silverado Apartment Homes to Bell Murrieta Springs...
Bell Partners has acquired Silverado Apartment Homes, a 492-unit apartment community located in Murrieta. The community was acquired on behalf of the company’s Value Add Fund VIII investors for $146.5 million and will be...
Institutional Property Advisors closes 186-unit apartment property sale in West Hartford Connecticut
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Westgate Apartments, a 186-unit multifamily property in West Hartford, Connecticut.
“West Hartford’s combination of small-town atmosphere and urban intensity makes it...
Sheldon Butte multihousing community in Oregon sells for $35.75 million
JLL Capital Markets announced that it has closed the $35.75 million sale of Sheldon Butte, a 176-unit, garden-style, value-add apartment community in Eugene, Oregon.
JLL represented the seller, Cumberland Holdings, LLC. Clear Capital, LLC acquired the...
Draper and Kramer celebrates grand opening of 61 Banks Street in Chicago’s Gold Coast
Draper and Kramer, Incorporated, last week celebrated the grand opening of 61 Banks Street, an eight-story, 58-unit boutique rental building at Banks Street and Lake Shore Drive, on the last developable lakefront parcel in...
Institutional Property Advisors brokers $91 million multifamily sale in suburban Phoenix
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Riata, a newly constructed, 300-unit apartment complex in Chandler, Arizona. The property sold for $91 million, or $303,333 per unit.
“The...
The Multifamily Group brokers 73 units in Shreveport
The Multifamily Group (TMG), a Dallas-based commercial real estate brokerage firm, announced this week it had facilitated Grand Oaks' sale in Shreveport. Managing Director Evan Burke represented the seller and procured the buyer.
"Northern Louisiana...
148-unit add-value apartment complex in Phoenix, Arizona sells for $14 million
Avenue 15 Apartments, a 148-unit apartment complex located at 1609 West Glendale Avenue in Phoenix, Arizona, has sold for $14,725,000. The buyer was Urban Communities, a real estate development and redevelopment company that focuses...
Metroplex multifamily asset sold by Marcus & Millichap
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Rio on the Parkway, a 304-unit apartment property in Arlington, Texas.
“The...
Levin Johnston directs $15.95 million sale of 52-unit multifamily community in Alameda, California
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 directed the $15.95 million sale of Buena Vista...
JLL arranges $58.5 million financing for Bay Area multihousing portfolio
JLL Capital Markets announced that it has arranged $58.5 million in financing to fund the recapitalization of a nine-property multihousing portfolio located in Oakland, California.
JLL worked exclusively on behalf of Mosser Capital (Mosser) and...
Cityview and Stockbridge Commence Construction on 265-Unit Multifamily Development in Los Angeles
Cityview, a premier multifamily investment management and development firm, and Stockbridge, a private equity real estate investment management firm, have commenced construction on Apollo, a 265-unit multifamily development in Los Angeles’ South Bay. Slated...
Wood Partners Says Welcome Home to Residents of Cumming Georgia’s Newest Luxury Apartment Community...
Wood Partners, a national leader in multifamily real estate development, announced the grand opening of its latest luxury residential community, Alta Northerly, just north of Atlanta in Cumming, Georgia.
Alta Northerly's prime location within the...
Interra Realty brokers $4 million sale of mixed-use asset in Chicago’s Old Town Triangle
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $4 million sale of 1935-43 N. Sedgwick St., a mixed-use property in Chicago’s Old Town Triangle historic district. The property,...
Construction is underway at Sycamore on Main in Brockton as MassHousing closes $4.7 million...
Construction is underway at Sycamore on Main in Brockton, as MassHousing has closed on $4.7 million in financing to an affiliate of NeighborWorks Housing Solutions. The MassHousing financing will allow NeighborWorks Housing Solutions to...
Financing arranged for pair of Fort Worth apartment communities
JLL Capital Markets announced that it has arranged financing for Hidden Lakes and The Ranch at Fossil Creek, apartment communities totaling 586 units in the Fort Worth-area community of Haltom City, Texas.
JLL worked on...
