Sunday, May 19, 2024

Deal boom

Apartment deals, mergers and acquisitions

The Helmsman

The Opus Group Announces Completion The Helmsman Apartments in Savannah Georgia

The Opus Group® announced the completion of The Helmsman, a five-story, boutique-style luxury apartment community in downtown Savannah near Savannah College of Art and Design (SCAD). The Helmsman borders Savannah’s historic district and is within...
Monarch Commons

Governor Hochul Announces Completion of 50-Unit Affordable and Supportive Housing Development in Onondaga County

Governor Kathy Hochul announced the completion of Monarch Commons, a 50-unit affordable housing development for seniors in the Onondaga County town of Cicero. The energy-efficient development includes 15 supportive homes for veterans experiencing homelessness. “With...
Aloha Iā Halewilikō (formerly Halewilikō Highlands) in ‘Aiea

EAH Housing and City of Honolulu Celebrate Groundbreaking of New $62 Million Affordable Senior...

EAH Housing, a nonprofit developer and property manager with a long history in the islands, held a traditional Hawaiian groundbreaking and blessing ceremony for Aloha Iā Halewilikō (formerly Halewilikō Highlands) in ‘Aiea. The $62...
The Darby at Briarcliff

The Opus Group and Balboa Real Estate Partners Bring Amenity-Rich Apartment Living to Kansas...

The Opus Group® announced the completion of The Darby at Briarcliff, a luxury 255-unit multifamily development in Kansas City, Missouri. Owned by Balboa Real Estate Partners, The Darby at Briarcliff includes two apartment buildings: a...
Standard441

Thompson Thrift to Develop 300-Unit Multifamily Community in Lady Lake Near Orlando Florida

Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, announced the development of Standard441, a new 300-unit multifamily community in the Orlando suburb of Lady Lake. “Lady...
Alanna

McShane to Build 320-unit Apartment Community in Phoenix for Milhaus and Banyan Residential

McShane Construction Company was selected by repeat clients Milhaus and Banyan Residential to provide design-assist construction services for Alanna, a new apartment community in Phoenix, Arizona. “We’re excited to be underway on another project with...
Terramonte at Foothill

Institutional Property Advisors Closes Inland Empire Multifamily Asset Sale

Institutional Property Advisors, a division of Marcus & Millichap, announced the sale of Terramonte at Foothill, a 138-unit apartment property in Pomona, California. The asset sold for $35.5 million, or $257,246 per unit. “Constructed in...
The Henry at Harms Woods

Wingspan and Tucker Development Secure $100M for Mixed-Use Skokie Development near Chicago

A joint venture between Tucker Development and Wingspan Development Group announced it has closed on $100M in construction financing for The Henry at Harms Woods, a new mixed-use development in Skokie, Illinois. The financing...
The Grand Central

Waterton Acquires 346-Unit Alta Grand Central Apartments in Chicago’s SouthLoop

Waterton, a national real estate investor and operator, announced it has acquired the Alta Grand Central apartment community in the South Loop neighborhood of Chicago. Completed in 2020, Alta Grand Central and comprises 346 units...
The Perch PDX

JLL Closes Sale of 141-unit The Perch PDX in North Portland Oregon

JLL Capital Markets announced that it has closed on the sale of The Perch PDX, a 141-unit, newly constructed, luxury, transit-oriented multi-housing community located in the highly sought-after Overlook neighborhood of North Portland, Oregon. Built...
Alice Hall Apartments

JLL Arranges $4M Acquisition Financing for Short-Term Rental Apartments in Savannah Georgia

JLL Capital Markets announced that it arranged $4 million in acquisition financing for Alice Hall, a 14-unit apartment building with plans to be converted into a short-term rental in Savannah, Georgia. Alice Hall is a...
Cedar Oaks Apartments

The Mogharebi Group Arranges $13.6M Sale of 98-Unit Apartment Community in Bakersfield California

The Mogharebi Group (TMG) has arranged the $13.6 million sale of Cedar Oaks Apartments, a 98-unit multifamily community in Bakersfield, California. “The Buyer is an experienced Central Valley investor who wanted to add to his...
Polk Villas

Marcus & Millichap Closes Two Texas Metroplex Multifamily Sales for $40M

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Luna Vista, a 236-unit multifamily asset in Fort Worth and Polk...
Caribbean Isle Apartments

Institutional Property Advisors Brokers Sale and Arranges Financing for Central Florida Multifamily Asset

Institutional Property Advisors, a division of Marcus & Millichap, announced the sale and acquisition financing of Caribbean Isle Apartments, a 376-unit multifamily property in Melbourne, Florida. Caribbean Isle Apartments is a 25-residential building property built...
Vie Towers

JLL Secures $63M Refinancing for D.C. Metro Luxury Student Housing

JLL Capital Markets announced that it has arranged the $63 million refinancing for Vie Towers, a fully occupied, luxury, student-housing community located within the Washington, D.C. metro in Hyattsville, Maryland. Built in 2006 and renovated...
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