Saturday, September 7, 2024

Deal boom

Apartment deals, mergers and acquisitions

McShane Construction Company completes new supportive housing complex in Suburban Cook County

McShane Construction Company is pleased to announce the completion of Heart’s Place Apartments, a supportive housing complex in Arlington Heights, Illinois, completed on behalf of the Housing Opportunity Development Corporation and repeat client, UP...
South Pointe at Wayside

Cushman & Wakefield and Greystone Close Sale and Financing of South Pointe at Wayside

The joint venture team of Cushman & Wakefield and Greystone announced that they arranged the sale of and provided acquisition financing for South Pointe at Wayside, a 192-unit multifamily community located in Raeford, North...
New School

New School Student Housing Building in Chelsea Sells for $30M

Hawkins Way Capital has purchased a 122-unit student housing building at 300 West 20th Street in New York City from The New School for $30 million. The transaction was arranged by CBRE’s Doug Middleton and...
Village at the Creek

Comunidad Partners and Nuveen acquire 603-unit affordable multifamily asset in ‘the most diverse square...

Comunidad Partners, a minority and women-owned real estate investment firm that specializes in workforce / affordable housing communities in culturally diverse neighborhoods, in partnership with global investment manager Nuveen, has acquired Village at the...
Mirabella Heights

Thayer Manca Residential acquires third multifamily property in New Mexico

Thayer Manca Residential (TMR) has purchased Mirabella Heights, their newest multifamily property in the Albuquerque, New Mexico market. The acquisition of the 280-unit property, combined with renovation costs, creates over a $100 million investment...
Paloma Del Mar Apartments

BRIDGE Housing acquires Paloma Del Mar, preserves 130 affordable homes for seniors

BRIDGE Housing has acquired the 130-apartment Paloma Del Mar Apartments in Freedom, a community that is partially within the incorporated city of Watsonville in Santa Cruz County. Originally built in 1993, Paloma Del Mar features...
546 Green Bay Road

Interra Realty brokers $11 million sale of multifamily property on Chicago’s North Shore

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the sale of a 37-unit multifamily property in Highwood, Ill. The newly built property, located at 546 Green Bay Road, traded...
Bellevue Tower

Institutional Property Advisors facilitates Central Tucson multifamily asset sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Bellevue Tower, a 90-unit, garden-style, midrise apartment property in Tucson, Arizona. The asset traded for $14 million, which equates to...
22501 Hawthorne Boulevard

CBRE arranges $21 million sale of 22501 Hawthorne Boulevard in Torrance, California

CBRE announced the sale of 22501 Hawthorne Boulevard, a 3.82-acre redevelopment site in Torrance, California, to Intracorp Homes, for $21 million. The CBRE team of John Read, Greg Sullivan and Trent Steeves represented the seller,...
Acero at Metro Center

Dominium Changes Name of Affordable Housing Property to Acero at Metro Center in Aurora...

Dominium, a leading affordable housing owner, developer and manager announced that its senior affordable senior housing development in Aurora, Colorado will be named Acero at Metro Center. The four-story building will feature 222 apartment homes...
Keystone Apartments

Magma Equities continues to expand its holdings in North Carolina with $23.7 million acquisition...

Magma Equities (Magma) in joint venture with Prudent Growth Partners (Prudent Growth) has acquired Keystone Apartments (Keystone), a 202-unit multifamily community in Fayetteville NC, in an off-market transaction for $23.675 million. Magma is one of...
The Livano

McShane Completes Construction of 242-unit The Livano Deer Valley Apartments in Phoenix Arizona

Construction is completed at The Livano Deer Valley in Phoenix, Arizona. McShane Construction Company built the 242-unit multifamily community on behalf of the owner, Jomax Residences, LLC. “The Livano Deer Valley is a beautiful, well-appointed...
Palencia Apartment Homes

Magma Equities boosts Dallas/Ft. Worth MF holdings to 1,259 units with fourth acquisition in...

Magma Equities (Magma), in a joint venture with funds managed by Franklin Templeton, has acquired Palencia Apartment Homes, a 281-unit apartment community in north Dallas, its fourth multifamily investment in the Dallas/Ft. Worth metro...
Rowan on the Trails

Pre-Leasing Begins at McNair Interests’ Rowan on the Trails Lakefront Multifamily Project in Houston

McNair Interests announces the start of first look tours and pre-leasing at Rowan on the Trails, a 221-unit four-story waterfront apartment community in Houston’s sought after Westchase District. Incorporating a soon-to-open, 2,000-square-foot outpost of acclaimed...
Toscana Apartments

Archway Equities acquires 192-unit multifamily asset in Dallas from HLC Equity

Archway Equities (Archway) has acquired from HLC Equity, the 192-unit Toscana Apartments, in Carrolton, Texas, one of the fastest growing suburbs in Dallas. The purchase represents Archway’s second apartment investment in the immediate submarket...
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