Thursday, November 28, 2024

Deal boom

Apartment deals, mergers and acquisitions

Interra Realty brokers sales of 2 multifamily buildings totaling $6.48 million in Chicago’s South...

Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it has brokered the sales of two apartment buildings in Chicago’s South Shore neighborhood, priced at $4.23 million and $2.25 million. The...

Decron Properties enters Seattle multifamily market with $173 million apartment buy

In one of the largest multifamily transactions in Seattle this year, Decron Properties has acquired Avana 522 (Avana), a 558-unit multifamily property in Bothell, WA for $173 million. The transaction marks the Los Angeles-based...

Kiser Group brokers 20-unit condo deconversion in East Lincoln Park for $4.5 million

Kiser Group, Chicago’s leading multifamily brokerage firm, recently brokered 512 W. Wrightwood, a 20-unit condo deconversion, for $4,550,000. Located in the East Lincoln Park neighborhood of Chicago, the seller, 512 Wrightwood Condominium Association, reached...

Timberland Partners announces purchase of The Renaissance at Norman, Norman, OK

Minneapolis based Timberland Partners is pleased to announce the acquisition of The Renaissance at Norman, located in Norman, Oklahoma. Founded in 1992, the company now owns and manages 70 apartment communities totaling 13,802 units...

CA Ventures celebrates groundbreaking of HERE at State College mixed-use development and New Penn...

CA Student Living, the student housing investment and development division of Chicago-based CA Ventures, has commenced construction on HERE at State College, a 510,112-square-foot residential and retail complex located at 131 Hiester St. in...

Stonebridge acquires 346-unit Durham, NC apartment community for $42.7 million

StoneBridge Investments of Washington, DC has acquired Southpoint Glen, a 346-unit suburban garden apartment community in Durham, NC, for $42.7 million. The seller, TH Real Estate, an affiliate of Nuveen (the investment manager of...

The Wolff Company breaks ground on new senior living community in Kirkland

The Wolff Company—a Scottsdale-based private equity firm and senior living developer—has broken ground on Revel Kirkland, a new independent living apartment community located on the former LifeBridge Church site in the Totem Lake neighborhood....

Expedia Group acquires Pillow and ApartmentJet to enhance its alternative accommodations marketplace for residents,...

Expedia Group, Inc. announced today the acquisitions of Pillow, a software solution that helps building owners and managers empower their long-term residents to rent their residences, and ApartmentJet, a software solution enabling the rental of...

Cushman & Wakefield arranges $79.5m sale for Watkins Real Estate Group

Cushman & Wakefield has arranged the $79.5 million sale of Trees of Newnan, a 500-unit apartment community located in Newnan, Georgia. Chris Spain, Robert Stickel and Alex Brown of Cushman & Wakefield represented the...

Community Preservation Corporation approved as Fannie Mae multifamily special affordable lender

Fannie Mae has approved the Community Preservation Corporation (CPC), a leading nonprofit affordable housing and community revitalization finance company, as a Multifamily Special Affordable Lender to originate Multifamily Affordable Housing (MAH) and Small Mortgage...

EDEN Multifamily completes construction of North Miami Beach apartment development

Leading developer EDEN Multifamily has completed construction of Lazul, an 8-story, 349-unit apartment building at 2145 Northeast 164th Street in the heart of North Miami Beach. EDEN has obtained a temporary certificate of occupancy...

The Wolff Company breaks ground on new senior living community in Hillsboro

The Wolff Company—a Scottsdale-based private equity firm and senior living developer—has broken ground on Revel Amberglen, a new independent living apartment community within the Amberglen Business Park mixed-use masterplan in Hillsboro. Characterized by celebrity...

Ceremonial grand reopening of the Courtyard at Riverview apartments

Executives from The Michaels Organization, The Philadelphia Housing Authority (PHA), and elected city officials gathered with residents of the Courtyard at Riverview apartment community on Friday, Oct. 26, to celebrate the completion of extensive...

Passco bolsters southeast portfolio with acquisition of 312-unit multifamily asset in Asheville, NC

Passco Companies, a privately-held California-based real estate company that specializes in the investment, acquisition, development, and management of commercial properties throughout the U.S., has acquired Asheville Exchange, a 312-unit, Class A multifamily community in...

Pinnacle Contracting, Inc. selected by Pier Property Group as construction manager for $9 million...

Pinnacle Contracting, Inc. has been tapped by St. Louis-based developer Pier Property Group to execute the historic renovation of the Steelcote Manufacturing Company Paint Factory complex at 801 Edwin Street in mid-town St. Louis,...
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