Friday, November 29, 2024

Deal boom

Apartment deals, mergers and acquisitions

Cooper Plaza Townhomes preservation set to begin

Cooper Plaza Townhomes — a housing community in the Cooper Plaza Historic District that has provided affordable housing to Camden families for decades — is set for a major renovation following a successful financial closing...

CONTI acquires latest North Texas multifamily property

CONTI Organization, one of North Texas’ largest private multifamily property owners, has acquired Dawntree Apartments, a 400-unit, garden-style apartment complex located at 1834 E. Peters Colony Road in Carrollton, Texas.  The complex, which consists of...

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...

Studios435 establishes market for luxury studio apartments in downtown San Diego

As Studios435 approaches its first anniversary, the community is 90 percent leased, demonstrating a robust market for luxury micro-apartments in downtown San Diego. Located at 435 13th St., the housing community opened in July...

Continental Realty Advisors pays $222,000 per unit in Las Vegas, acquiring The Onyx Apartments...

Continental Realty Advisors, Ltd. ("CRA"), a Denver-based multifamily investment firm, has completed the acquisition of The Onyx, a 63-unit community in the Las Vegas Strip submarket. Occupancy at the property is high due to...

Allied Orion Group acquires Ashford Apartments in Houston’s Energy Corridor from Trammel Crow Residential

Allied Orion Group recently acquired Ashford Apartments (formerly known as Alexan Ashford), located in the heart of Houston’s Energy Corridor, in late February from Trammel Crow Residential. This acquisition marks the firm’s first property...

Dunleer announces $14.75m refinancing of four-property portfolio

Dunleer LLC., a Los Angeles-based private real estate investment and development firm, announced the refinancing of four (4) assets via Freddie Mac totaling $14,750,000. This four-building portfolio is located across prime Los Angeles’ premier submarkets: Silver Lake, USC and...

128-unit apartment complex in Phoenix, Arizona sells for $8,725,000

Puesta Del Sol, a 128-unit apartment complex located at 8818 S. Central Avenue in Phoenix, Arizona, has sold for $8,725,000. The buyer was Urban Communities, a real estate development and redevelopment company that focuses...

Meridian Capital Group arranges $52 million in financing for a multifamily community in Aberdeen,...

Meridian Capital Group, America’s most active dealmaker, arranged $52 million in financing to refinance a multifamily community in Aberdeen, NJ on behalf of BNE Real Estate Group. The 15-year loan was provided by a life...

The Apartments At Lincoln Common announce official move-ins

The Apartments at Lincoln Common, newly constructed at 2345 N. Lincoln Avenue, Chicago, will have its first residents move in on Monday, April 1, 2019. Located at the new crossroads of Lincoln Park at...

The Park at Via Rosa sold for $63 million

The Park at Via Rosa, a 390-unit multifamily community in Hillsborough County, has been sold for $63 million ($161,538 per unit). The property was acquired by a joint venture between Chicago-based Providence Real Estate and Aegon Real Assets...

Levin Johnston directs $20 million land sale for development of 60-unit townhome community

Levin Johnston of Marcus and Millichap, one of the top brokerage teams in the U.S. specializing in wealth management through commercial real estate investments, has successfully directed the $20 million sale of a 3.26-acre...

First move-ins scheduled for April 1st at 325 ferry street in Newark’s North Ironbound...

325 Ferry Street, a brand new collection of 91 luxury rental residences in Newark’s bustling North Ironbound neighborhood, is now open for leasing, the community’s developer announced today. Renters are demonstrating a strong interest in...

Construction kicks off on 11 Crown Street Apartments

Construction has started on a brand new rental community being developed at 11 Crown Street on the site of the former Meriden Record Journal building, following a successful financial closing by the developer, The...

Legacy Partners recapitalizes with Collier Enterprises

Legacy Partners, a privately owned national real estate firm, announced today the recapitalization of the firm with Collier Enterprises, a private equity, real estate investment and development company located in Naples, Florida. With Legacy Partners’...
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