Saturday, May 18, 2024

Deal boom

Apartment deals, mergers and acquisitions

SEC 29th Avenue

ABI Multifamily Brokers $7.65M Land Deal for a 9.81-Acre North Phoenix Property at SEC...

ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $7,650,000 / $17.91 Per Land SF sale of SEC 29th Avenue & Dove Valley Road,...
Alexan Summerhill

Cushman & Wakefield Arranges Sale of Alexan Summerhill, a 315-Unit Multifamily Community in Atlanta

Cushman & Wakefield announced the commercial real estate services firm has arranged the sale of Alexan Summerhill, a recently built 315-unit multifamily community in Atlanta’s Summerhill submarket. Robert Stickel, Alex Brown, Ashlyn Warren, Michael Kay,...
Prose Rhyne

Alliance Residential Company Opens New Prose Rhyne in Northwest Charlotte

Leading national multifamily developer Alliance Residential Company is proud to announce the opening of its newest apartment community Prose Rhyne in Northwest Charlotte. The 330-unit community is the second Prose-branded property to debut in...
Portico

Cityview Reveals Name for 378-Unit Opportunity Zone Project in Oakland’s Brooklyn Basin

Cityview, a premier multifamily investment management and development firm, unveiled the name of its 378-unit opportunity zone project in Oakland, California as Portico. Slated to complete in December 2023, the project is designed to...
Margo at The Society

Decron Properties Acquires Luxury Multifamily Community Margo at The Society in San Diego for...

Decron Properties has acquired Margo at The Society, a 240-unit, luxury multifamily community located just off Hotel Circle in San Diego, California for $125.5 million. The acquisition was fueled through a 1031 exchange with Decron...
Laurel Homes

Governor Hochul Announces Completion of 74-Unit Public Housing Redevelopment in Nassau County

Governor Kathy Hochul announced completion of the major redevelopment of Laurel Homes, a previously dilapidated public housing complex in North Hempstead’s Roslyn Heights. The project replaced obsolete buildings and expanded the development to 74...
Bear Valley Park Apartments

MG Properties Acquires Bear Valley Park Apartments in Denver for $76M

MG Properties, a leading real estate investment and management company, has completed the acquisition of Bear Valley Park Apartments, a premier garden-style community located in Denver, Colorado for a total purchase price of $76...
Westview Heights

BWE Secures $14.4M in Construction Financing for Affordable Westview Heights Apartments in Denton Texas

BWE, a national commercial and multifamily mortgage banking company, announced that it has secured over $14.4 million in construction financing for Westview Heights, a 132-unit affordable multifamily housing development in Denton, Texas. The terms...
Longfellow Corner

SVA Architects and RCD Prep for Construction of Affordable Housing Project Longfellow Corner in...

In its first development with Berkley-based Resources for Community Development (RCD), SVA Architects is pleased to advance design for much-needed affordable housing in Northern California. Located in Oakland at the northwest corner of Martin...
1910-NW-29th-St

Marcus & Millichap Facilitates $2.8 Million Sale of Miami Multifamily Properties on 29th Street

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of two multifamily apartment buildings in Miami, Florida located at 1910 and...
Marketview Apartments

Governor Hochul Announces Completion of 42-Unit Affordable Housing Development Marketview Apartments in Ithaca

Governor Kathy Hochul announced the completion of Marketview Apartments, a new four-story development with 42 affordable apartments on Ithaca’s waterfront. The all-electric, energy-efficient building stands in Cayuga Park next to the city’s community gardens...
The Oaks

DHA Housing Solutions for North Texas and VOANS Partner on New Affordable Senior Housing...

DHA for North Texas and Volunteers of America National Services (VOANS) partnered on a new, affordable senior housing development in South Dallas. The Oaks a $50 million redevelopment project, expands the inventory of quality...
Domain CityGate

Willow Bridge Property Company Celebrates Prestigious NAIOP Award for Domain CityGate, 285-Unit Apartment Development...

Willow Bridge Property Company is delighted to announce that Domain CityGate, the company’s residential development completed in 2022, was honored with the esteemed title of Multifamily Development of the Year at the NAIOP Chicago...
The Valencia Apartments

JLL Capital Markets Secured the Refinancing of the 127-unit The Valencia Apartments in Phoenix

JLL Capital Markets announced that it has arranged a $10.68 million loan for the refinance of The Valencia Apartments, a 127-unit, two-story, garden-style multi-housing community located in Phoenix, Arizona. JLL worked on behalf of the...
The Maverick

Placemakr Expands its National Footprint of Hospitality Living Properties with The Maverick

Placemakr, a flexible-use hospitality and multifamily operator, announced the continuation of its national expansion with the launch of its first blended apartment-hotel property in San Antonio, Texas. The Maverick, powered by Placemakr will be...
Yield PRO