Sunday, May 5, 2024

Deal boom

Apartment deals, mergers and acquisitions

The Ivy

BNE Real Estate Group Delivers Upscale Rental Living to Desirable Borough of Chatham with...

The Ivy, the brand-new luxury rental community in the Borough of Chatham, New Jersey, has leased more than 50 percent of its residences, developer BNE Real Estate Group announced. The Ivy reached the important milestone...
The Aurora Worcester

MassHousing Closes on $9.6M in Financing for the Renovation and Extension of Affordability at...

MassHousing has closed on $9.6 million in affordable housing financing to The Community Builders (TCB) for the renovation and extension of affordability at the 85-unit The Aurora in downtown Worcester. TCB plans approximately $10.8 million...
Crossroads Apartments

Institutional Property Advisors Brokers Sale and Arranges Financing for Crossroads Apartments in Suburban Salt...

Institutional Property Advisors, a division of Marcus & Millichap, announced the sale and financing of Crossroads Apartments, a 240-unit multifamily asset in West Valley City, Utah. “The Salt Lake City metro area continues to grow its...
Oxbow

Swinerton Deploys Tech on $98M Mixed-Use Mass Timber Build Oxbow in Charlotte North Carolina

Concord, California-based Swinerton has started the construction of Oxbow, a $97.8 million, mixed-use commercial plus multifamily development with heavy mass timber elements in Charlotte, North Carolina. Swinerton is building the project for Space Craft, a...
Morgan Street

JLL Trades 1.73-acre Multifamily Development Site on Morgan Street in Jersey City for $54M

JLL Capital Markets announced that it closed the $54 million sale of 107 Morgan Street, a 1.73-acre multifamily development site located in Jersey City’s Waterfront neighborhood. JLL worked on behalf of the seller, Veris Residential,...
Morningside Heights

Madison Realty Capital Provides $55M Loan for Morningside Heights Student Housing Complex

Madison Realty Capital has provided a $55-million bridge loan to Charney Companies and Criterion Real Estate Capital for the acquisition and renovation of 99 Claremont Avenue, a student housing project in Morningside Heights. McGiffert Hall...
Cottages at McDowell

Christopher Todd Announces Purchase of 217-Unit Avondale BTR Project Cottages at McDowell

Christopher Todd Capital has completed its first purchase of a newly completed Build-to-Rent (BTR) community Cottages at McDowell in Avondale, Arizona near Phoenix. Amenities at Cottages at McDowell include green belts, two resort-style pools, a...
Cottonwood Ranch

Lincoln Avenue Communities Breaks Ground on Cottonwood Ranch Affordable Housing Development in Casa Grande...

Lincoln Avenue Communities (LAC), a mission-driven acquirer and developer of affordable housing, broke ground on the future site of Cottonwood Ranch during a ceremony with LAC leaders, local policymakers and partners. "Lincoln Avenue Communities is...
The Alcove

R.D. Olson Construction Breaks Ground on Affordable Housing Complex The Alcove in the LA...

R.D. Olson Construction, an award-winning general contracting firm in California, has broken ground on a new 238k square-foot, seven-story affordable housing apartment complex in Woodland Hills, California known as The Alcove. The all-new construction is...
Multifamily Affordable

BWE Secures Over $31M for Multifamily Affordable Housing Across the Country

BWE, a national commercial and multifamily mortgage banking company, announced the closing of three financings totaling over $31 million to finance three multifamily affordable housing properties near Cincinnati, Atlanta, and Chicago. "By leveraging our comprehensive...
The Tobin Estate Apartments

Rosewood Property Company Expanding The Tobin Estate Apartments in San Antonio

Rosewood Property Company recently started construction on the third phase of The Tobin Estate Apartments community. “Coming off of the success of an award-winning phase one in 2021, we wanted to ensure the Tobin Estates...
Clybourn Avenue

Interra Realty Brokers $12.69M Sale of Mixed-Use Property on Clybourn Avenue in Chicago’s West...

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $12.69 million sale of a newer-construction mixed-use property comprising 30 residential units and six commercial spaces at 2827-2847 N. Clybourn...
Placita Dolores Huerta

CHOC Announces Grand Opening of of Placita Dolores Huerta in Coachella

Community Housing Opportunities Corporation (CHOC), a non-profit organization dedicated to expanding affordable housing, announces the grand opening of Placita Dolores Huerta, a new highly anticipated 56-unit affordable housing community in the City of Coachella. Named...
BREIT

KKR to Acquire $1.64 Billion Student Housing Portfolio from BREIT

KKR and Blackstone Real Estate Income Trust said that KKR-managed funds would acquire a portfolio of 19 purpose-built student housing properties from BREIT for approximately $1.64 billion. The over 10,000-bed portfolio is comprised of 19...
Hancock Bridge Square

Mast Capital Begins Construction on 320-unit Hancock Bridge Square in Fort Myers Florida

Miami developer Mast Capital has moved into the Fort Myers, Florida, market for the first time with the start of construction at Hancock Bridge Square, which will consist of 320 garden-style units on a...
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