Friday, November 29, 2024

Deal boom

Apartment deals, mergers and acquisitions

Downtown Tempe’s “The Local” to Open April 2019

The Local, a new, multimillion dollar, mixed-use development located in the heart of downtown Tempe at University Drive and Ash Avenue, is set to welcome its first residents April 2019. This newest addition to...

S.L. Nusbaum Realty Co. breaks ground on Phase I of Riverbend Apartment Homes in...

S. L. Nusbaum Realty Co. is pleased to announce the groundbreaking on Phase I of Riverbend Apartment Homes, a 130-unit contemporary affordable housing community in Gloucester, Virginia. Riverbend is being constructed within minutes of Downtown...

TruAmerica Multifamily expands into Georgia with two separate apartment buys in Atlanta for a...

TruAmerica Multifamily in partnership with Tokyu Land US Corporation has made its first investments in Georgia acquiring two Atlanta apartment communities in separate transactions totaling $127.35 million. Since entering the Southeast property markets in 2016,...

Levin Johnston directs $17.28 million sale of core plus multifamily community in San Jose,...

Levin Johnston of Marcus and Millichap, one of the top multifamily brokerage teams in the U.S. specializing in wealth management through commercial real estate investments, has directed the $17.28 million sale of Lakewood Court...

UIP-led venture acquires 62-unit apartment building in Washington, DC for $22 million

A venture led by Urban Investment Partners (UIP) of Washington, DC has acquired the Policy, a 62-unit apartment building located at 1921 Kalorama Road, NW in one of the city’s most historic and distinctive...

Fifteen Hudson Yards reveals 40,000 square feet of lifestyle and wellness amenities

Hudson Yards today revealed a first look inside Fifteen Hudson Yards, designed inside and out by Diller Scofidio + Renfro, Lead Architect, and Rockwell Group, Lead Interior Architect. Spaces on display include high-floor wellness...

Marcus & Millichap arranges sale of an 83-unit apartment property in Belleville, Ill.

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Westown, an 83-unit apartment property located in Belleville, Ill., according...

TMG Partners wins unanimous approval to develop 750,000-sf creative office in uptown Oakland

TMG Partners (TMG), one of the Bay Area’s largest mixed-use property developers, last night received unanimous approval from the Oakland Planning Commission on their proposed office development at 2201 Valley in Oakland at the...

Masshousing provides $50 million for the refinancing and renovation of the 489-unit Chestnut Park...

MassHousing is providing $50 million in affordable housing financing to Related Companies, to refinance and renovate the Chestnut Park Apartments in downtown Springfield. The MassHousing financing will allow Related to preserve affordability at the...

Related and Hudson to bring 340 new units of affordable housing to Roosevelt Island

Related Companies and The Hudson Companies announced plans to bring 340 new units of affordable housing to Roosevelt Island. The developers and their city and state partners at the New York City Housing Preservation...

Marcus & Millichap arranges the sale of a 15-unit apartment building in Oakland

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Fruitvale Apartments, a 15-unit apartment property located in Oakland, California,...

NCV Capital Partners, Lemor Development Group, Mount Hope and CPC close $100 million deal...

NCV Capital Partners (NCV), a real estate advisory and development firm, in partnership with Mount Hope Housing Company (Mount Hope), Lemor Development Group (LDG), and the Community Preservation Corporation (CPC) announced the closing of...

Trez Forman funds $20.5 million loan for multifamily community in Burlington, North Carolina

Trez Forman Capital Group has funded a $20.5 million construction loan for a new mixed-use development in Burlington, NC. The project is being developed by Diamondback Investment Group, LLC based in Greensboro.  Brett Forman,...

$110.25 Million Silicon Valley Apartment Asset Sold by IPA

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Foundry Commons, a recently constructed, 238-unit, luxury apartment complex in San Jose, California. The property sold for $110.25 million. “Located...

San Francisco Bay Area apartment asset trades at $47.5 million

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Hidden Creek Apartments, a 168-unit multifamily property in Martinez, California. The sales price is $47.5 million. “Martinez is the county...
Yield PRO