Deal boom

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of the Pearl on Wilshire, a seven-story, 346-unit multifamily property with 7,813 square feet of retail on Wilshire Boulevard in Los Angeles’ Koreatown neighborhood. The complex sold for $170,875,000, which represents $493,858 per apartment unit. “Over the...

Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it brokered the sale of 7070 N. Sheridan Road, a 24-unit rental community in Chicago’s Rogers Park neighborhood that overlooks Loyola Park...

Detroit-based City Club Apartments, a 100-year-old mixed-use multifamily pioneer, broke ground on the redevelopment of the formerly named Elmwood Park Plaza, an innovative and progressive 18-story apartment community built by Toby and David Hotlzman...

CBRE announced the sale of Hanover Cambridge Park located at 80 Cambridge Park Drive in Cambridge, Massachusetts, to Guardian Life. CBRE Capital Markets’ multihousing experts Simon Butler and Biria St. John exclusively represented the seller,...

Kiser Group, Chicago’s leading multifamily brokerage firm, recently brokered 930 North Blvd., a 48-unit, 7-story property in Oak Park, Illinois, for $8,300,000. Kiser Group’s Matt Halper and Marco Cesario represented the buyer Goldman Investments...

Franklin Street has negotiated the sale of Ingram Park Apartments, a 118-unit rental community located at 14255 – 14460 NW 22nd Avenue in Opa-Locka, Fla., approximately 20 minutes northwest of Miami. Hernando Perez, Joe Rubin...

JLL Capital Markets announced today that it has arranged $35.5 million in financing for The Jax, a 322-unit multihousing property in Northwest San Antonio. JLL worked on behalf of the borrower, Casoro Group, to secure...

JLL Capital Markets announced today that it has arranged a $6 million construction loan for the development of 80 Terrace Street, a nine-unit, boutique, for-sale condominium building in the Mission Hill neighborhood of Boston. JLL...

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Revival on Thomas, a 155-unit apartment complex in Phoenix. The...

Passco Companies, a privately held California-based commercial real estate company that specializes in acquisition, development, and property and asset management throughout the U.S., has acquired The Atworth at Mellody Farm, a 260-unit luxury multifamily...

San Diego-based Tower 16 Capital Partners has successfully sold Altura on Tropicana, a 512-unit multifamily project in Las Vegas, after an 18 month hold period. Tower 16 had originally purchased the property for $50...

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Monterra Ridge Apartments, a 232-unit apartment property in the Santa Clarita Valley city of Canyon Country, California. The asset...

Levin Johnston of Marcus & Millichap, one of the top multifamily brokerage teams in the U.S. specializing in wealth management through commercial real estate investments, has successfully represented the buyer and the seller, both...

JLL Capital Markets announces it has arranged $62 million in financing for The Daley at Shady Grove, a 333-unit multihousing community with nearly 15,000 square feet of ground-floor retail located in Rockville, Maryland. JLL worked...

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...