Deal boom

Gebroe-Hammer Associates has finalized the $56 million sale of Thousand Oaks Village, a sprawling 304-unit garden-style complex within the scenic Raritan Bayshore municipality of Atlantic Highlands, N.J. The brokerage team of Ken Uranowitz, president,...

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of The Arbors at Brighton Park, a 132-unit multifamily asset in Bloomfield, Connecticut. The property sold for $26.85 million. “Completed in 2016,...

Capital Square 1031, a leading real estate investment and management firm specializing in Delaware statutory trust offerings, announced today the sale of Bridgeview Apartments, a 348-unit multifamily community in Tampa, Florida. The property was...

Institutional Property Advisors (IPA), a division of Marcus & Millichap, closed the sale of Willow Creek, a 402-unit value-add multifamily asset in Tempe, Arizona. The property sold for $60.5 million, which equates to $150,498...

Chicago-based Draper and Kramer, Incorporated, along with equity partner Intercontinental Real Estate Corporation, has expanded its Chicago-area portfolio with the acquisition of Burnham Pointe, a 28-story, 298-unit rental building in Chicago’s Printers Row neighborhood....

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Cambridge Court, a 286-unit value-add multihousing asset in Phoenix. The $24 million sales price equates to nearly $84,000 per unit. “Positioned...

Meridian Capital Group, America’s most active dealmaker, arranged $115 million in financing for the cash-out refinance of a multifamily property midway through construction in Brooklyn, NY on behalf of Hampshire Properties. The loan, provided by...

This fall, Lexington Homes will make its homebuilding debut in Oak Park, Ill., the popular “surban” village just west of Chicago’s city border. Lexington Reserve at Oak Park will offer 21 rowhomes within walking...

Alliance Residential Company, one of the largest multifamily developers and managers in the U.S., announces the company’s highly anticipated active adult brand, Marvelle. The Marvelle brand, designed exclusively for residents age 55 and up,...

The Opus Group (Opus) today announced the start of construction on a 113-unit luxury multifamily mixed-use development in Des Plaines adjacent to the O’Hare office and industrial submarkets. Located at 1555 Ellinwood, the transit-oriented...

Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it brokered three apartment building sales in the Chicago area totaling $10.1 million. The transactions include properties in the suburb of Evanston...

Wood Partners, a national leader in multifamily real estate development and acquisition, announced today that Alta Grande is officially open. Located at 3512 Grande Reserve Way in Orlando, Alta Grande is the newest luxury apartment...

Central New Jersey’s record-low multifamily vacancy rates and modest construction boom continue to bode well for apartment-building investments, according to the brokerage professionals at Gebroe-Hammer Associates based in Livingston, N.J. The region has been...

Novare Group and Mulberry Development Group have broken ground on Cameron Park, a 302-unit class-A mid-rise apartment project adjacent to the award-winning Cameron Station community and the Van Dorn Metro Station. The transit-oriented development will...

The Opus Group (Opus) today announced the completion of The Loden, a four-story, 246-unit multifamily development in Edina, Minnesota. The site has undergone a profound transformation from a vacant office building into a vibrant...