Tuesday, November 12, 2024

Deal boom

Apartment deals, mergers and acquisitions

NHPF purchases Woodmont Crossing Apartments

The NHP Foundation (NHPF), a national not-for-profit dedicated to preserving and creating sustainable, service-enriched multifamily housing, has acquired the 176-unit Woodmont Crossing Apartments. The $44.6 million transaction was made possible through a $25.5 million...

Hines and Welltower break ground on Sunrise at East 56th

Hines, the international real estate firm, and Welltower Inc., a leader in health care infrastructure, today commenced construction of a 16-story tower at 139 East 56th Street to house Midtown Manhattan’s first purpose-built assisted...

Value-add multifamily asset changes hands in Northern Nevada

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Horizons at South Meadows, a 344-unit multifamily asset in Reno, Nevada. The property sold free and clear of existing debt. “Horizons...

On-site leasing center now open for The Mews at Edison Lofts, industrial to residential...

The on-site leasing center is now open at The Mews at Edison Lofts in Edison Village, Prism Capital Partners’ industrial-to-residential redevelopment of the historic Thomas Edison Invention Factory and Commerce Center in West Orange,...

Cordillera Ranch tops $100 million in real estate sales for third straight year

Cordillera Ranch—the Hill Country’s premier private club and community—reports stellar 2017 results with over $100 million in real estate sales for the third year in a row. The San Antonio area’s top luxury residential resort-style...

NICAR and RealConnex announce partnership to accelerate sales for commercial real estate brokers

RealConnex, the largest social media networking platform for CRE professionals, and the Northern Illinois Commercial Association of REALTORS (NICAR) are pleased to announce a partnership which allows NICAR members to set up broker profiles...

Mezzo Apartment Homes breaks ground in Virginia Beach

S. L. Nusbaum Realty Co. is pleased to announce the development of Mezzo Apartment Homes, a 282 unit market-rate apartment community in Virginia Beach, VA. This development is a joint venture between S.L. Nusbaum...

Four community-based designers selected for Enterprise Rose Architectural Fellowship

Enterprise Community Partners, Inc. (Enterprise) announced today the new class of Enterprise Rose Architectural Fellows. Partnering emerging architectural designers with community developers for three years, the award-winning fellowship is the premiere opportunity to build...

MRA predicts heavier than usual demand for skilled metal roofing installers this spring

With a hot U.S. housing market and still-favorable interest rates, the Metal Roofing Alliance (MRA) is predicting a heavier than usual demand for qualified metal roofing installers and contractors for spring 2018. For homeowners planning...

Oakwood expands “Oakwood Apartments” portfolio of branded properties

Oakwood Worldwide, the global leader in furnished and serviced apartments, is rapidly growing its portfolio of Oakwood Apartments branded properties in Asia with the portfolio’s total inventory expected to nearly double to a total...

Westside Estate Agency, WEA, lists late Paramount chief Brad Grey’s Holmby Hills estate for...

Westside Estate Agency, WEA, lists late Paramount chief Brad Grey’s Holmby Hills estate for $77.5 million Located in Holmby Hills on Carolwood Drive emerges the Grey Estate. Gates draw open and spill onto a picturesque...

March 13 bid deadline set for Cold Spring Hills, N.Y., development site

Cushman & Wakefield has announced March 13 as the bid deadline for a 13.28-acre multifamily development opportunity in Cold Spring Hills. Set between the prestigious Cold Spring Country Club and famed Oheka Castle, the...

Interra Realty Brokers $13.7 million deconversion sale near Wrigley Field

Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it brokered the $13.7 million deconversion sale of 3264-70 N. Clark St., a mixed-use building in Chicago’s Lakeview neighborhood. The buyer, Chicago-based...

The Grand at SkyView Parc reveals the Grand Three Units

The Grand at SkyView Parc, made up of three residential towers located in the heart of Flushing, recently unveiled new residences in their Grand Three tower. The residences were furnished by interior designers with pieces...

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...
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