Monday, September 16, 2024

Deal boom

Apartment deals, mergers and acquisitions

Two Los Angeles multifamily properties trade for $6.27 million

Transwestern today announces it has brokered the sale of two multifamily properties in Los Angeles. A nine-unit building at 11642 Kiowa Ave. in the Brentwood submarket traded for $4.25 million, and a seven-unit property...

Riverside Capital invests in comprehensive redevelopment of Los Angeles affordable housing

Riverside Capital, LLC, a leading provider of investment capital to high quality affordable housing developers, is pleased to announce it has provided $25.4 MM in Jordan Downs 1B, the second phase of the comprehensive...

Pathfinder Partners, Silvergate acquire former convent just east of San Diego; announce plans for...

Continuing its expansion in the San Diego market, local real estate investment group Pathfinder Partners, LLC has partnered with San Diego-based developer, Silvergate Development, LLC, to acquire Little Flower Haven – a 4.1 acre...

Spirit Bascom Ventures acquires Hoboken, NJ multifamily property for $17.65 million

Spirit Bascom Ventures, LLC, a partnership between Irvine, California based The Bascom Group, LLC, and Stamford, Connecticut based Spirit Investment Partners, LLC acquired 1024 Clinton Street in Hoboken, New Jersey for $17.65 million. Spirit...

George Berkow Inc. and Novare Group break ground on 32-acre Town Center Project in...

George Berkow Inc., Novare Group and Batson-Cook Development Company (BCDC) have officially broken ground on the residential component of a  $200 million mixed-use, town center development in Lawrenceville, Ga. Called “SouthLawn,” it will add more than 600 residences, more...

Transwestern brokers sale of 12 North Texas multifamily assets valued at $275 million

Transwestern today announces its Dallas-based Multifamily Investment Services group brokered the sales on 12 apartment communities in North Texas, totaling 3,200 units. Transwestern Managing Director Taylor Snoddy and Vice Presidents Philip Wiegand and James...

All-cash multifamily sale in San Diego’s Little Italy

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Villa Cusma, a 40-unit luxury apartment complex with one retail...

One William taps into new rental demand and Englewood appeal with 40 percent of...

Strong demand for new luxury rental residences and the growing appeal of downtown Englewood as a vibrant residential destination have led to a successful Grand Opening at One William, where just over 40 percent...

Shag, city of Tukwila, King County library system and community celebrate opening of Tukwila...

Sustainable Housing for the Ageless Generation (SHAG) and the City of Tukwila recently held the Tukwila Village Community Celebration to commemorate the culmination of a 20-year vision by the City of Tukwila to transform...

Alpha Wave Investors, LLC expands presence in Salt Lake City metro with acquisition of...

A subsidiary of 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 Park Station Apartments, a 94-unit...

Tower 16 Capital Partners continues Las Vegas area expansion, acquires 512-unit apartment community in...

San Diego-based Tower 16 Capital Partners, in a joint venture with Henley USA, has acquired a 512-unit multifamily project in Spring Valley, one of Las Vegas’s top submarkets. The project was acquired on an...

Gebroe-Hammer Associates exclusively represents seller and procures buyer in $56m sale of Thousand Oaks...

Gebroe-Hammer Associates has finalized the $56 million sale of Thousand Oaks Village, a sprawling 304-unit garden-style complex within the scenic Raritan Bayshore municipality of Atlantic Highlands, N.J. The brokerage team of Ken Uranowitz, president,...

$26.85 million Hartford County multifamily sale brokered by IPA

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of The Arbors at Brighton Park, a 132-unit multifamily asset in Bloomfield, Connecticut. The property sold for $26.85 million. “Completed in 2016,...

Capital Square 1031 takes DST offering full-cycle in record time, resulting in over 141...

Capital Square 1031, a leading real estate investment and management firm specializing in Delaware statutory trust offerings, announced today the sale of Bridgeview Apartments, a 348-unit multifamily community in Tampa, Florida. The property was...

$60.5 Million Value-Add Multifamily Property in Tempe Sold by IPA

Institutional Property Advisors (IPA), a division of Marcus & Millichap, closed the sale of Willow Creek, a 402-unit value-add multifamily asset in Tempe, Arizona. The property sold for $60.5 million, which equates to $150,498...
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