Mesa West Capital originates $40.875 million loan for multifamily acquisition in Henderson NV
Mesa West Capital has provided The ConAm Group with $40.875 million in short-term, first mortgage debt for the acquisition and repositioning of South Valley Ranch Apartments in the Las Vegas submarket of Henderson, NV.
South...
Levin Johnston successfully directs over $360 million in 1031 exchange transactions this year to...
Levin Johnston of Marcus and Millichap, one of the top multifamily brokerage teams in the U.S. specializing in wealth management through commercial real estate investments, recently directed the sale of a mixed-use property featuring...
JLL closes $39.5 million sale of Northern New Jersey apartments
JLL announced today that it has closed the $39.5 million sale of Morris Crossing Apartments, a 123-unit, garden-style apartment community in Morristown, New Jersey.
JLL marketed the property exclusively on behalf of the seller, Morris...
192-unit, value-add apartment complex in Sierra Vista, AZ sells for $13,912,500
Montego Bay Apartments, a 192-unit complex located at 409 S. Lenzner Avenue in Sierra Vista, Arizona, has sold for $13,912,500. The seller was CW Capital Commercial Real Estate Services, a loan servicing company that...
43-unit apartment community in downtown Phoenix’s Coronado Historic District trades for $7.5 million
CBRE has completed the sale of the 43-unit Coronado 137 apartment community in Phoenix. Equity Advantage, Inc., an Oregon-based 1031 exchange buyer acquired the property from Phoenix-based Coronado 137 LLC for $7.5 million.
Brian Smuckler,...
JLL closes sale of Northwest Houston apartment community
JLL announced today that it has closed the sale of Steeplecrest, a 260-unit, garden-style apartment community in Northwest Houston’s Jersey Village submarket.
JLL marketed the property exclusively on behalf of a joint venture between WillMax...
Cushman & Wakefield arranges $48.2 million sale for Brand Properties and Mariner Group
Cushman & Wakefield has arranged the $48.2 million sale of The Ellis, a 235-unit apartment community located in Savannah, Georgia. Robert Stickel, Taylor Bird and Alex Brown of Cushman & Wakefield represented the sellers,...
JLL closes $58.85 million sale, $45.9 million financing of Maryland apartments
JLL announced today it has closed the $58.85 million sale and $45.9 million financing of Palette at Arts District, a 243-unit multihousing community located in the Arts District of Hyattsville, Maryland.
JLL marketed the property...
JLL arranges $38 million sale, $27.4 million financing of Echelon at Middletown
JLL announced today that it has closed the $38 million sale and arranged $27.4 million in financing for Echelon at Middletown, a 210-home, garden-style apartment community located in Louisville, Kentucky’s affluent East End submarket.
JLL...
Gelt, Inc. sells 400-unit apartment property for $92 million after a three-year hold in...
Gelt, Inc., a Los Angeles-based real estate investment and asset management firm, is pleased to announce the $92 million sale of Westhills Apartment Homes, a 400-unit apartment property located at 453 Van Gordon Street...
JLL closes sale of Charlotte apartment community
JLL announced it has closed the sale of Alta Prosperity Village, a recently completed, 292-unit apartment community in Charlotte, North Carolina.
JLL marketed the property on behalf of the seller, Wood Partners and its investment...
Franklin Street negotiates $14.8 million multifamily asset sale in Orlando MSA
Franklin Street has negotiated the sale of Bridgewater Pointe Apartments, a 100-unit rental community located in Melbourne, Fla., approximately 60 minutes southeast of Orlando.
Darron Kattan, Zach Ames, Kevin Kelleher, Robert Goldfinger, Joe Rubin and...
Cushman & Wakefield brokers sale of Jacksonville’s Park Village to Navarino and Mayfair
Cushman & Wakefield has arranged the sale of Park Village Apartments, a 120-unit, garden-style multifamily community in the Jacksonville MSA.
Executive Directors Mike Donaldson and Nick Meoli of Cushman & Wakefield’s Florida Multifamily Investment Sales Team represented Dr. Rajan Rakheja in...
WinnCompanies joins with state and city officials to announce plans for $38.3 million mixed-income...
WinnCompanies, an award-winning multifamily development and management company, today joined with Massachusetts Lt. Gov. Karyn Polito, state and Lowell city officials to unveil plans for a $38.3 million residential construction project in the Hamilton...
Stepp Commercial completes $3.05 million sale of 8-unit apartment property in Long Beach, CA
Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $3.05 million sale of an 8-unit apartment property located at 315 Cherry Avenue, in the prime Alamitos Beach neighborhood...
