SB Real Estate Partners acquires Casa Anita Apartments in Phoenix’s West Valley for $35.3...
SB Real Estate Partners (SBREP) has announced the purchase of Casa Anita Apartments—a 224-unit multifamily community located in the West Valley submarket of Phoenix—for $35.3 million. The property had previously been under private ownership...
Merchants Capital announces more than $180m total financing for two new mixed-income, mixed-use projects...
Mortgage banking firm Merchants Capital has secured financing for two affordable housing developments, totaling more than $180.6 million, in the New York City area: MEC 125th Street and Caton Flats.
Both transactions executed a novel...
MBK Rental Living Sells Santa Maria Apartment Community Azure
MBK Rental Living has successfully executed the sale of Azure, a 318-unit, luxury garden-style apartment community in Santa Maria, California.
Developed by MBK Rental Living and opened in September 2020, the luxury apartment community consists...
Marcus & Millichap Brokers $57 Million Mixed-Use Manhattan Portfolio Sale
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the $57 million sale of a six-building mixed-use portfolio in Manhattan’s East Village.
“This 79%...
GFI Realty trades Brooklyn 23-unit multifamily building for $3.250 million
GFI Realty Services, LLC announced the $3.250-million sale of 1113 Avenue O, a multifamily building comprised of 23 units located in the Midwood section of Brooklyn. GFI Realty Senior Managing Director Matthew Sparks, represented the seller...
$42.4 million multifamily portfolio trades hands in Greater Los Angeles
Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of a four-property, 214-unit multifamily portfolio in Santa Ana, California. The properties...
$54.5 million secured for development of Colorado multihousing community
JLL Capital Markets announced that it secured $54.5 million in construction financing for Tree Farm Lofts, a 196-unit, six-building multihousing community located in Basalt, Colorado.
JLL worked on behalf of the borrower, Lang Partners and...
Apex on Preston sold for $54 million, $40.7 million acquisition financing arranged
JLL Capital Markets announced that it has closed the $54 million sale and arranged $40.7 million in financing for the luxury garden-style Apex on Preston apartment property in Louisville, Kentucky.
JLL worked on behalf of...
Continental Realty Group Acquires $27M 168-Unit Villa Del Rio Apartment Complex in Las Vegas
Continental Realty Group, through its subsidiary Continental Realty Assets, Ltd. (CRA) a Denver-based multifamily owner and operator, is pleased to announce the purchase of the 168-unit Villa Del Rio Apartments in Las Vegas for...
TPG Real Estate Partners and Cardinal Group acquire The Arrow Townhomes and Flats, a...
TPG Real Estate Partners (“TREP”), the dedicated real estate equity investment platform of global alternative asset firm TPG, and Cardinal Group Investment Management (“Cardinal Group”), announced today that they have closed on their acquisition...
Joint Venture between PCCP, LLC and Alliance Residential Company is formed for the ground-up...
PCCP, LLC and Alliance Residential Company have formed a joint venture for the ground-up development of Prose New Hope, a 344-unit garden-style apartment community located at 4100 Buffaloe Road in Raleigh, NC. Construction has...
JLL closes the largest single-asset apartment transaction in Colorado history at $435 million
JLL’s Capital Markets team announced it closed the $435 million sale and $282.75 million financing for the Palomino Park Apartments, a 1,184-unit, upscale apartment community in the Highlands Ranch submarket of southeast Denver.
JLL represented...
Avanath acquires three affordable housing properties totaling 317-units in Chicago and Maryland for $55.05...
Avanath Capital Management, LLC, a private real estate investment manager and Registered Investment Adviser, has purchased three affordable housing communities with a combined total of 317 units in Chicago and Maryland. The assets were...
New multihousing community near Madison sells
JLL Capital Markets announced that it has closed the sale of and arranged $28.275 million in acquisition financing for 1 Glenn Place, a 191-unit, multihousing community in the suburban Madison community of Fitchburg, Wisconsin.
JLL...
Mesa West Capital Originates $26.1M Mezzanine Loan to Fill Gap in Construction Financing for...
Mesa West Capital has provided American Real Estate Partners (AREP) with a $26.1 million mezzanine loan to facilitate the conversion of a 200,000-square-foot office building into a 199-unit multifamily community in Old Town Alexandria,...
