Wednesday, September 18, 2024

Deal boom

Apartment deals, mergers and acquisitions

Passco Companies acquires 305-unit, class A+ multifamily asset in high-growth Myrtle Beach, South Carolina...

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 acquired The Lively at Carolina Forest, a 305-unit, Class A+...

375-unit metroplex multifamily sale brokered by IPA Texas

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale and financing of RiverVue Apartments, a 375-unit multifamily asset in Fort Worth, Texas. “The Fort Worth market continues to be a hotbed...

Interra Realty brokers multifamily and land sales totaling $6.55 million in Chicago’s Andersonville Neighborhood

Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it has brokered the $3.75 million sale of a 12-unit multifamily building and adjacent lot on Glenwood Avenue in Chicago’s Andersonville neighborhood....

Riverside Capital invests in Downtown Denver affordable housing

Riverside Capital, LLC (“Riverside”) is pleased to announce an equity investment of $12.8 million in the acquisition and rehabilitation of an existing public housing development as well as the new construction of a residential...

Tower 16 Capital Partners acquires third multifamily project in Las Vegas, plans to renovate...

San Diego-based Tower 16 Capital Partners, in a joint venture with Henley USA, has acquired Cornerstone Crossing Apartments, a 540-unit multifamily project in northwest Las Vegas, for $49.75 million. Tower 16 will oversee $6.5...

Multifamily asset in California’s San Fernando Valley changes hands

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Carabella at Warner Center, a 224-unit multifamily asset in the Warner Center/Woodland Hills area of Los Angeles. “Warner Center’s population has...

Alpha Wave Investors acquires 76-unit multifamily community in rapidly growing Salt Lake City submarket

Alpha Wave Investors, LLC (Alpha Wave), a private equity investment firm specializing in opportunistic and value-add multifamily and hospitality assets in the Western U.S., has acquired Cove on Bruce Apartments, a 76-unit multifamily community...

$93 million San Fernando Valley multifamily asset sale brokered by IPA

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Carillon Apartment Homes, a 264-unit, 235,214-square-foot multifamily property in the Warner Center/Woodland Hills area of Los Angeles. The sales price...

Levin Johnston of Marcus and Millichap directs four multifamily property trades totaling $36.25 million...

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 four multifamily property trades totaling $36.25...

Northcap Commercial directs $60.3 million Las Vegas multifamily acquisition

Northcap Commercial, a Las Vegas-based real estate company focused on investment sales, acquisitions, and property management, has directed the $60.3 million acquisition of a two-property multifamily portfolio encompassing 1,129 units in Las Vegas, Nevada...

46-acre development site in Southeast Florida sold by IPA Seniors Housing

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of a vacant 46-acre lakefront development site in Wellington, Florida. The property sold for $23.25 million. Development is planned for a...

Bridgewater’s Woodmont Square Apartments sells in transaction arranged by Gebroe-Hammer Associates

Gebroe-Hammer Associates has arranged the $32.55M sale of 100 fully occupied COAH and market-rate multifamily units at Woodmont Square Apartments, a newly constructed Class-A community in Bridgewater, N.J. The brokerage team of Greg Pine,...

Interra Realty Brokers $3.7 Million Deconversion Sale in Evanston, Ill.

Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it brokered the $3.7 million deconversion sale of 122-130 Callan Ave. in Evanston, Ill. The buyer plans to convert the building’s 25...

R.D. Olson Construction completes Hotel Trio and Citrine Apartments in Sonoma County

R.D. Olson Construction, an award-winning general contracting firm in California, recently marked the completion of a ground-up, two-part construction project in Healdsburg. The project included Hotel Trio, a 122-room hotel, and Citrine Apartments, a...

Pathway to Living completes acquisition of 101-unit senior living community in Northwest Suburban Chicago

Pathway to Living, a Chicago-based developer, owner and operator of senior living communities, today announced it has completed its acquisition of Grandbrier of Prospect Heights, a 101-unit senior living community in Prospect Heights, Ill.,...
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