Sunday, May 5, 2024

Deal boom

Apartment deals, mergers and acquisitions

2050 Grand Concourse

Governor Hochul Announces Completion of 96-Unit Affordable and Supportive Housing Development in the Bronx...

Governor Kathy Hochul announced the completion of 2050 Grand Concourse, an affordable and supportive housing development with 96 apartments in the Bronx’s Fordham Heights neighborhood. The all-electric development was awarded funding from the State’s...
Parks at Walnut

Berkshire Property Holdings acquires Dallas multifamily portfolio for $56.8 million

Berkshire Property Holdings has made its second and largest multifamily investment in the Dallas metroplex in the span of eight months with the acquisition of a two-property, 568-unit apartment portfolio in Richardson, Texas for...
Cadence at Crown

JRK Property Holdings acquisition of 538-unit apartment community beginning of $1.6 billion in transaction...

JRK Property Holdings, one of the largest multifamily landlords in the United States, has acquired a 538-unit apartment complex in the Washington, DC suburb of Gaithersburg, MD,  the first in a series of acquisitions...
Apex Orange Crossing, Orange NJ

PEEK Properties secures construction loan for Class A Opportunity Zone multifamily project in Orange,...

PEEK Properties (PEEK) has secured $9,750,000 in construction financing for the first of three new-construction Qualified Opportunity Zone (QOZ) multifamily properties in the City of Orange, N.J. PEEK, a commercial real estate investment, development...
Alameda

The Housing Authority of the City of Alameda Announces Construction Has Commenced for The...

The Housing Authority of the City of Alameda (AHA) is pleased to announce that over 100 new affordable homes are coming to the City of Alameda via two new housing developments (The Estuary I...
Capitol View Apartments

Institutional Property Advisors closes 264-unit high-rise apartment building sale in Downtown Hartford

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Capitol View Apartment Homes, a 264-unit, high-rise multifamily building with 13,294 square feet of commercial and retail space in Hartford,...
Creekside Apartments

Trion Properties acquires 80-unit apartment community in San Leandro, California

Trion Properties, a private equity real estate firm that specializes in multifamily investments in western markets, has acquired Creekside Apartments, an 80-unit multifamily community in San Leandro, California, for $20.5 million. The transaction is Trion’s...
McKinley Park Apartments

McKinley Park Apartments to be Transformed into Affordable Housing for Seniors

The transformation of Canton’s McKinley Park Apartments into an affordable housing community moved another step closer to reality in December, after The Ohio Department of Development awarded the redevelopment $2 million in state historic...

The Wolff Company announces development of modern senior living community in Kirkland

The Wolff Company—a Scottsdale-based private equity firm and senior living developer will soon break ground on Revel Kirkland, a contemporary active senior living apartment community located on the 12-acre former LifeBridge Church site in...
Woodlands of Crest Hill

JLL Closed $95M Sale of 730-Unit Woodlands of Crest Hill near Chicago

JLL Capital Markets announced that it has closed the $95 million sale of Woodlands of Crest Hill, a 730-home apartment community located in the southwest Chicago suburb of Crest Hill, Illinois. The Chicago multi-housing...

Details announced for Cardinal Crossing, Forest Acres’ first-ever mixed-use community

The Beach Company announced details for Cardinal Crossing, the first-ever mixed-use community in the highly sought-after Forest Acres neighborhood in Columbia, S.C. Plans for the development include diverse retail and dining options in addition...
Blume Coral Gables

Leading Swiss investment firm Lurra Capital completes $42.5 million multifamily acquisition in Miami

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Blume Coral Gables, a 100-unit apartment community located in Miami. The final sale price was $42,500,000. Calum Weaver, Robert Given,...
528 W. Oakdale Avenue in Chicago, Illinois

Interra Realty Brokers $17.5 Million Sale of Apartment Building in Chicago’s Lakeview Neighborhood

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $17.5 million sale of a 60-unit multifamily building in Chicago’s Lakeview East neighborhood. The transaction equated to $291,667 per unit. Interra...

Reno-based Greenstreet Companies and Vintage Housing launch Steamboat by Vintage the first new large...

Affordable housing in Northern Nevada is about to see some real change in South Reno. On July 24, 2018, Greenstreet Companies and Vintage Housing broke ground on Steamboat by Vintage, a brand new 360-unit...
Bronx, New York City

HUD Announces Transaction to Transform Over 950 Affordable Rental Homes in The Bronx

The U.S. Department of Housing and Urban Development (HUD) announced that it recently closed a transaction to rehabilitate and preserve 983 affordable rental homes at the New York City Housing Authority’s (NYCHA) Union Avenue...
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