Tuesday, May 7, 2024

Deal boom

Apartment deals, mergers and acquisitions

The Gates at Marina

Bay Area Multifamily Community The Gates at Marina Gets Recapitalized in Deal that Values...

Interstate Equities Corporation (IEC) has recapitalized The Gates at Marina, a 136-unit multifamily garden-style community in Marina, California. The deal gives a co-mingled fund advised by New York-based Clarion Partners a majority stake in...
Vida at Morgan Hill

MBK Rental Nearing Completion of Construction on New 389-Unit Multifamily Community Vida at Morgan...

Vida at Morgan Hill, a new, Class A, 389-unit, three-story residential community in the Silicon Valley city of Morgan Hill, has been completed and is now leasing. The project, a development of MBK Rental...
Verde

Construction Nearing Completion on New 254-Unit Multifamily Tower Verde in San Francisco’s Mission Rock...

Verde, a new 254-unit multifamily development in San Francisco’s Mission Rock neighborhood, has been completed and has now begun leasing. Verde is the second residential tower to be completed at Mission Rock. Designed by award-winning...
Pointe at Lakewood Ranch

JBM Exclusively Lists The Pointe at Lakewood Ranch Luxury, 55+ Active Adult Community in...

JBM® Institutional Multifamily Advisors has exclusively listed The Pointe at Lakewood Ranch – a brand new, class A, luxury 55+ active adult, four-story mid-rise community. The Pointe at Lakewood Ranch has a comprehensive amenity package...
Livana

Kushner Launches New Luxury Apartment Brand Livana in Two Locations Across New Jersey

Kushner, a renowned real estate developer, owner and operator, announced the launch of Livana, a new apartment living brand aimed at meeting the increasing demand for sophisticated rental options and an aspirational lifestyle. As Kushner...
Hoboken Mixed-Use

Marcus & Millichap Facilitates $6.1M Sale of Mixed-Use Property in Downtown Hoboken

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of a 11,120-square-foot mixed-use property in Hoboken, New Jersey, for $6.1 million. "Hoboken...
Champions Vue

JAG Management Company Adds Another Luxury Community to Florida Portfolio with Champions Vue

JAG Management Company, the third-party management division of Jefferson Apartment Group (JAG) has been selected to manage Champions Vue, a 326-unit Class A mid-rise multifamily community in Davenport, Florida. Champions Vue is the third RST...
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...
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