Thursday, September 19, 2024

Deal boom

Apartment deals, mergers and acquisitions

The Wolff Company announces development of modern senior living community in Kirkland

The Wolff Company—a Scottsdale-based private equity firm and senior living developer will soon break ground on Revel Kirkland, a contemporary active senior living apartment community located on the 12-acre former LifeBridge Church site in...
Sandalwood West

Marcus & Millichap Brokers Sale of 142 Build-to-Rent Single-Family Home Community Sandalwood West Near...

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Sandalwood West, 142 build-to-rent single-family homes in Greenfield, Indiana. “Lease-up is well...

Highpoint Property Group expands value-add portfolio with recent acquisition financing from Thorofare Capital

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...
Eastridge Estates

JLL closes $11.25 million sale, $14.4 million financing of Minnesota apartments

JLL announced that it has closed the $11.25 million sale and $14.4 million financing of Eastridge Estates, a 126-unit apartment community in Rochester, Minnesota. JLL marketed the property exclusively on behalf of the seller, Eastridge...
125 Magnolia at Journal Square

$25 million sale of 125 Magnolia sets new multifamily sales benchmark for emerging Jersey...

The $25M sale of 125 Magnolia at Journal Square has set a new multifamily benchmark for Jersey City’s newest upmarket neighborhood in the elevatored/pre-war apartment building category, according to Gebroe-Hammer Associates Executive Vice President...
Highlands at Red Hawk

Pathfinder Partners acquires multifamily property in affluent Denver neighborhood

Pathfinder Partners, a San Diego-based firm specializing in multifamily real estate investments, announced the $18.2 million acquisition of Highlands at Red Hawk—a 56-unit apartment community in the affluent submarket of Castle Rock, just south...
Dean’s Crossing

Rockland Trust Provides $6M in Financing to Build Dean’s Crossing Townhomes in Taunton Massachusetts

Hyperion Holdings, LLC and Innovative Investment Corp. have secured $5.5 million in financing from Rockland Trust for the development of Dean’s Crossing, a townhome development in Taunton, Massachusetts. Construction began earlier this year, with the...
Abberly NoDa Vista

Charlotte multihousing asset trades for $91 million

JLL Capital Markets announced that it has closed the $91 million acquisition of and the $60.3 million financing for Abberly NoDa Vista (formerly known as Live at NoDa), a 261-unit, five-story, wrap-style apartment within...
The Standard at Columbia

CRG Announces Disposition of The Standard at Columbia Student Housing Development in South Carolina...

CRG, the national real estate development and investment firm, along with partner Landmark Properties, the nation’s largest student housing developer, announced they have completed the sale of The Standard at Columbia, a new 17-story,...
Avilla Town Square

NexMetro Communities sells Phoenix metro asset for $42.6 million

NexMetro Communities, a pioneer of single-level luxury leased home neighborhoods, has sold its 152-unit Avilla Town Square asset for $42.6M to Keller Investment Properties. “This NexMetro sale further validates the tremendous value in the market...
5420 Harold Way

The Kanner Group brokers $5.955 million sale of 11-unit townhome-style building in Hollywood

Matthew Kanner, President of The Kanner Group of KW Commercial, is pleased to announce he has brokered the $5.955 million sale of a fully occupied 11-unit condo-mapped townhome property located at 5420 Harold Way...
Bloom at Cherry Creek

JLL arranges $18.85 million loan for Denver apartment project

JLL Capital Markets announced that it has arranged $18.85 million in financing for the development of Bloom at Cherry Creek, a 111-unit, Class A mid-rise apartment property currently under construction in Denver’s Cherry Creek...
Harbordale Residences

Marcus & Millichap Sells $2.6 Million Multifamily Property

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Harbordale Residences in Fort Lauderdale, Florida. The property sold for...

Colorado Springs to celebrate grand opening of Province Springs, a refined senior community

The Wolff Company—a Scottsdale-based private equity firm and multifamily developer—today announced the grand opening of Province Springs, a new, refined senior community located at 2960 Tutt Blvd in Colorado Springs, across the street from...
Seventeen 805 Apartments

ABI Multifamily brokers Northeast Phoenix, Paradise Valley apartment community for $29.75 million

ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western U.S., is proud to announce the $29,750,000 / $215,580 per Unit / $218.34 per SF sale of the Seventeen 805 Apartments, a 138-unit property in Phoenix, AZ. Built in...
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