Thursday, October 31, 2024

Deal boom

Apartment deals, mergers and acquisitions

North Texas multifamily asset trades hands all cash

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Parkside Townhomes, a 144-unit multifamily asset in Arlington, Texas. The sale...

Alpha Wave Investors sells 67-unit apartment community in Tucson, AZ

Alpha Wave Investors, a private equity investment firm specializing in opportunistic and value-add multifamily and hospitality assets in the Western U.S., has announced the sale of Sycamore Cove, a 67-unit apartment property in the...

$49.7 million two-property multifamily portfolio sale brokered by IPA

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Avery Park Apartments and Bennington Apartments, a two-property, 268-unit multifamily portfolio in Fairfield, California. The $49,700,000 sales price equates to...

Community Preservation Corporation announces partnership with Xenolith Partners LLC to invest in affordable housing...

The Community Preservation Corporation (CPC) announced today it is committing up to $3 million to Xenolith Partners LLC (Xenolith), a certified minority- and women-owned business enterprise (M/WBE) company focused on developing affordable housing. CPC’s...

Castle Lanterra sells Midpointe Apartments in Chicago for $49.5 million

Castle Lanterra Properties (CLP) today announced the sale of Midpointe Apartments, a 424-unit multifamily property in Chicago’s southwestern corner, to a well-known fund manager. CLP originally purchased the property in April 2014 for $28.5...

Marcus & Millichap brokers $29.25 million sale of 400-bed student housing community in Champaign,...

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of a 400-bed student housing community at 512 S. Third St....

Southern Land Co. updated plans for ultra-luxury mixed-use tower in Philly and adds short-term...

Southern Land Company has unveiled a new brand identity and updated project plans for 1911 Walnut Street, which will now be known as The Laurel. Named for the Pennsylvania state flower, The Laurel sets...

The Wolff Company announces plans to develop new senior living community in Hillsboro

The Wolff Company—a Scottsdale-based private equity firm and senior living developer—will break ground later this year on Revel AmberGlen, a new independent living apartment community in the Tualatin Valley on the west side of...

Highly-anticipated mixed-use project in the Inland Empire is officially complete

The Metro, a highly-anticipated mixed-use development in the center of the Main Street Corridor right off Highway 91 in Corona, California, has begun its final phase of leasing apartments. As a joint development between...

The Wolff Company announces plans to develop new senior living community in Torrance

The Wolff Company, a Scottsdale-based private equity firm and senior living developer, will break ground later this year on Revel South Bay, a new independent living apartment community adjacent to Manhattan, Redondo, Torrance and...

Motion at Dadeland tops off at 25 stories

13th Floor Investments and Adler Group announce that Motion at Dadeland, a mixed-use project next to the Dadeland North Metrorail station, has officially topped off construction at 25 stories. The project is comprised of...

Aztec Group arranges sale of Flagler 626, site proposed for 97 rental units in...

Aztec Group, Inc., Florida’s leading real estate investment and merchant banking firm for the past 37 years, announces that Managing Director, Peter Mekras, has arranged a $2.75 million sale of 27,000 square feet of...

City Club Apartments breaks ground on City Club-CDB Detroit

Farmington-Hills based City Club Apartments broke ground today on its City Club Apartments—Central Business District (CBD) Detroit mixed-use apartment, furnished short-term and penthouse community. Mayor Mike Duggan and City Club Apartments Chairman, CEO and Detroit native Jonathan...

Cypress Real Estate Advisors purchases former credit union of Texas on Ross Avenue

Transwestern today announces an affiliate of Cypress Real Estate Advisors Inc. has purchased a 3.83-acre site at 4600 Ross Avenue in Dallas from a local investment partnership. Cypress plans to build an urban-style, four-story...

GI Partners acquires New Jersey data center at 492 River Road

GI Partners, a leading private investment firm, today announced the acquisition of 492 River Road in Nutley, New Jersey. 492 River Road is a mission critical facility totaling approximately 130,000 square feet. Fully renovated...
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