Thursday, September 19, 2024

Deal boom

Apartment deals, mergers and acquisitions

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 &...

The Opus Group announces completion of Union Tempe mixed-use apartments in Tempe, Ariz.

The Opus Group (Opus) announced today the completion of its Union Tempe mixed-use apartment development in Tempe, Ariz. The development, located on the edge of the Arizona State University campus, encompasses 850,000 square feet,...

Hello Living expands portfolio through Manhattan acquisition

Hello Living, a full-service real estate development firm based in Brooklyn, announced today the acquisition of 4650 Broadway, the firm’s first Manhattan development project. GreenbergFarrow has been retained as the Architect of Record for...

Ryan Companies plans residential tower for Downtown East

Ryan Companies announced today plans for a 24 story, 345-unit residential development on the northeast corner of Fourth Street and Park avenue.  The project will be the final piece of the five-block development the...

The Community Preservation Corporation celebrates $10 billion invested in communities since 1974

The Community Preservation Corporation (CPC), a leading nonprofit affordable housing and community revitalization finance company, was joined by hundreds of its borrowers, lending and government partners and others to celebrate the company having deployed...

Strategic Property Partners, LLC has broken ground on first residential building in Water Street...

Strategic Property Partners, LLC (“SPP”), a Tampa-based real estate development firm, marked an important milestone for Water Street Tampa, the visionary 50-plus-acre downtown mixed-use development, with the groundbreaking of the project’s first residential building, 815...

Welltower and Hines acquire upper west side site to develop second Manhattan seniors housing...

Welltower Inc., the global leader in health care infrastructure, and the New York office of Hines, the international real estate firm, announced today that they have closed on the acquisition of a development site...

Prism Capital Partners announces construction start at Wonder Lofts Project

The industrial-to-residential conversion of a former Wonder Bread factory on Clinton Street in Hoboken is moving forward, with interior demolition now underway, announced Prism Capital Partners. The Bloomfield, N.J.-based adaptive reuse specialist has partnered...

Cushman & Wakefield arranges $35.9M multifamily sale for Wicker Park Capital Management

Cushman & Wakefield has arranged the $35.9 million sale of Elements of Chattanooga, a 340-unit apartment community located in Chattanooga, Tennessee. Robbie O’Bryan and Brad Boston of Cushman & Wakefield represented the seller, Wicker...

Rivergate KW Residential furthers expansion in South Florida, Carolinas with four new assignments

RIVERGATE KW RESIDENTIAL, a leading multifamily property management company, has significantly bolstered its portfolio of communities under management in the core markets of South Florida and the Carolinas. RKW was awarded four new assignments...

Interra Realty brokers sales of 2 multifamily buildings totaling $6.48 million in Chicago’s South...

Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it has brokered the sales of two apartment buildings in Chicago’s South Shore neighborhood, priced at $4.23 million and $2.25 million. The...

Decron Properties enters Seattle multifamily market with $173 million apartment buy

In one of the largest multifamily transactions in Seattle this year, Decron Properties has acquired Avana 522 (Avana), a 558-unit multifamily property in Bothell, WA for $173 million. The transaction marks the Los Angeles-based...

Kiser Group brokers 20-unit condo deconversion in East Lincoln Park for $4.5 million

Kiser Group, Chicago’s leading multifamily brokerage firm, recently brokered 512 W. Wrightwood, a 20-unit condo deconversion, for $4,550,000. Located in the East Lincoln Park neighborhood of Chicago, the seller, 512 Wrightwood Condominium Association, reached...

Timberland Partners announces purchase of The Renaissance at Norman, Norman, OK

Minneapolis based Timberland Partners is pleased to announce the acquisition of The Renaissance at Norman, located in Norman, Oklahoma. Founded in 1992, the company now owns and manages 70 apartment communities totaling 13,802 units...

CA Ventures celebrates groundbreaking of HERE at State College mixed-use development and New Penn...

CA Student Living, the student housing investment and development division of Chicago-based CA Ventures, has commenced construction on HERE at State College, a 510,112-square-foot residential and retail complex located at 131 Hiester St. in...
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