Deal boom

CGI Strategies has acquired Parkwood Apartments, a 78-unit multifamily community in the Los Feliz neighborhood of Los Angeles for $20.15 million, capping an active 2018 in which the firm was involved in the development...

MassHousing is providing $2.1 million in affordable housing financing from the Agency’s Workforce Housing Initiative to support the development of 233 Hancock, a 36-unit housing community, Arx Urban. The MassHousing financing will help transform...

Construction is underway for the second phase of the redevelopment of the Orient Heights public housing community in East Boston. MassHousing is supporting the Orient Heights project by providing $26 million in financing to...

Dover Heights Apartment Homes, located in Newport Beach, California, have sold for $30,554,000 which are historic numbers of $463,000 per unit and $474 per square foot. The buyer was Waterford Residential, an active multifamily...

MRP Realty, developers of commercial, residential, and mixed-use real estate across the Mid-Atlantic region, and FRP Development Corp, Inc., a full-service real estate company, today announce the formation of a joint venture to develop...

Taylor Morrison, a leading national builder and developer, is meeting the demand for next level living with a new community in Mountain View, California. Taylor Morrison’s 6Sixty community will be celebrating its public grand...

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 $8.8 million acquisition of a one-acre...

Mortgage banking firm Merchants Capital has secured financing for the development of a $19.7 million mixed-income workforce housing community in Rochester, Minnesota. Merchants Capital secured the loan through the first-ever Freddie Mac Non-LIHTC Forward Commitment on behalf of Real Estate Equities. Dubbed Technology Park Apartments, the...

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Sora Apartments, a 250-unit multifamily asset in Union City, California. The property sold for $91.5 million. “Sora’s location near the...

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of The Mark, a 150-unit garden-style apartment complex in Hayward, California. The property sold for $44 million, which equates to...

Thorofare Capital has provided a $15 million floating-rate first mortgage to Highpoint Property Group (Highpoint) to acquire, renovate and stabilize a mixed-use multifamily property in Brooklyn, NY. Located at 88-92 Atlantic Avenue in the Brooklyn...

TruAmerica Multifamily, in joint venture with an institutional capital partner, has acquired a two-property, 472-unit apartment portfolio in Tempe, AZ for $67.3 million increasing its local portfolio to more than 2,400 units. “We continue to...

Prism Capital Partners has launched Dunellen Station, the redevelopment of the former Art Color industrial facility into a mixed-use, transit-oriented community. The Bloomfield, N.J.-based adaptive reuse specialist this fall commenced demolition of an obsolete,...

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of an apartment property located in Chicago’s Wicker Park neighborhood, according...

Nexus Commercial Realty, LLC, has closed on the sale of Meadows Pointe and Aspen Creek Apartments, a two-property portfolio in Colorado Springs that totals 112 units for the sale price of $10,250,000. Jason Koch...