Luxury suburban Pittsburgh multifamily asset sold by IPA for $61 million
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Ascent Four Thirty, a 319-unit luxury apartment community located in the affluent northern Pittsburgh suburb of Wexford, Pennsylvania. The property...
Pathfinder Partners acquires value-add multifamily community in Denver suburb
Pathfinder Partners, a San Diego-based firm specializing in value-add real estate investments, announced today the $20,725,000 acquisition of The Station—a 97-unit multifamily community at 2100 W. Berry Ave in Littleton, Colo., a Denver suburb....
Institutional Property Advisors facilitates suburban Salt Lake City multifamily asset sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Mountain View, a 96-unit multifamily asset in West Valley City, Utah.
“The Salt Lake City metropolitan area was one of the...
Next Wave expands Las Vegas footprint with acquisition of 216-unit multifamily community
Next Wave Investors, LLC (“Next Wave”) a private equity firm focused on value-add multifamily investments, has acquired Spanish Oaks, a 216-unit garden style multifamily community in Las Vegas, Nevada for $28.075 million.
Through existing broker...
PCCP, LLC provides $100.6 million senior loan for the development of a 380-unit multifamily...
PCCP, LLC announced that it has provided a $100.6 million senior loan to a joint venture of Woodfield Investments and Argosy Real Estate Partners for the development of Morrison Yard, a 380-unit multifamily community...
Cushman & Wakefield arranges $30.6 million sale on behalf of Lurin Capital
Cushman & Wakefield announced the commercial real estate services firm has arranged the $30.6 million sale of Elevate at 604 West and Greens on 5th, two apartment communities totaling 195 units located in Fort...
Ridge Capital Investors joint venture acquires apartment property in suburban Sacramento, CA
Ridge Capital Investors, LLC and Contrarian Capital Management, LLC have acquired a 250-unit, suburban Sacramento, CA apartment community for $33 million.
Sterling Pointe, located at 2237 and 2257 Hurley Way is a Class B apartment...
Kiser Group advises on $4.15 million, 64-unit Melrose Park, Illinois multifamily sale
Kiser Group, Chicago’s leading multifamily brokerage firm, advised on the sale of Vinan Apartments in Melrose Park, Ill. Located at 2901 Vinan Drive, the 64-unit multifamily asset sold for $4.15 million. Director Matt Halper...
Interra Realty Brokers $17.5 Million Sale of Apartment Building in Chicago’s Lakeview Neighborhood
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $17.5 million sale of a 60-unit multifamily building in Chicago’s Lakeview East neighborhood. The transaction equated to $291,667 per unit.
Interra...
Fairfield Residential and Griffin Capital Expanding Charlotte Apartment Portfolio with 2300 North Tryon Apartments
Fairfield Residential with financing from Griffin Capital has commenced the construction of 2300 North Tryon, a 307-unit, five-story apartment community north of uptown Charlotte.
The Charlotte Business Journal reports the developers filed a building permit...
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...
Franklin Street arranges record setting sale of value-add apartment community in Fort Lauderdale for...
Franklin Street has arranged the sale of a 48-unit value-add multifamily property in Lauderdale Lakes, a submarket of Fort Lauderdale, for $6.95 million or $144,791 per unit. The 1972-built property, called Newcastle Apartments, was...
Sunrise Management adds high-end Southern California multifamily communities to portfolio
Expanding its California portfolio, San Diego-based Sunrise Management has taken over day-to-day management of Arte West, a 228-unit, four-story luxury community in Santa Ana, Calif., and Arte, a high-end 182-unit apartment community on 4.4...
Trez Forman Capital funds $19.6 million loan for single-family residential development in South Hillsborough...
South Florida-based Trez Forman Capital funded a $19.6 million loan for a 211-acre site located in suburban Tampa. Brett D. Forman originated the loan on behalf of Trez Forman. The borrower is affiliated with...
HKS Real Estate Advisors Facilitates $46.5M CMBS Loan for Multifamily Property Soldier Hill Commons...
HKS Real Estate Advisors has successfully facilitated a $46.5 million CMBS loan with Citigroup for a newly developed multifamily property known as Soldier Hill Commons located at 1-5 Soldier Hill Road in Paramus, New...
