Deal boom

Institutional Property Advisors, a division of Marcus & Millichap, announced the sale of Waters Edge, a 304-unit multifamily asset. Ideally located within The Lakes master-planned community, consisting of high-end waterfront single-family residences, condos, and...

Institutional Property Advisors, a division of Marcus & Millichap, announced the sale of Apex One91, a 110-unit apartment complex in Manchester, Connecticut. “Apex One91 is a newly renovated multifamily asset in a market where year-over-year...

CBRE announced the completion of the $182 million sale of Hanover North Cambridge, a 294-unit luxury apartment complex located adjacent to the MBTA Alewife Station in Cambridge, Massachusetts. Completed in 2022, the newly developed residential community was acquired by a fund advised by Goldman Sachs Asset Management from The Hanover Company and its institutional partner. Ideally located in the number one life sciences market in the world that is home to more than 32 million sq. ft. of office space, as well as renowned universities Harvard and MIT, Hanover North Cambridge boasts one of the market’s most impressive apartment and amenity packages. The recently completed property is LEED Gold Certified and boasts over 26,000 sq. ft. of indoor and outdoor amenity space including 7,067 sq. ft. of retail space housing a vibrant Caribbean inspired full-service restaurant. Additional amenities include a grand lobby with a reception area; meeting spaces and leasing offices; modern resident club room with an oversized screen; lounge seating and shuffleboard; a co-working lounge with banquette and communal seating; USB connectivity and private meeting space; and a 24-hour state-of-the-art fitness center featuring Echelon Reflect Touch Mirror & Smart Connect Bikes. Providing the perfect work/life balance, the brand-new apartment homes offer four different custom kitchen finishes and unrivaled amenities. In addition, the community is built over a podium offering two levels of covered garage parking. “Hanover North Cambridge is one of the premier residential properties in the heart of one of the country’s top biotech hubs in Cambridge,” said Mr. Butler. “The acquisition provided the buyer an opportunity to own a best-in-class building in the neighborhood, given its ideal location and exclusive lifestyle amenities as well as a tremendous upside in lease-up due to climbing rents in the area.” The CBRE Capital Markets team of Simon Butler, Biria St. John, John McLaughlin, and Brian Bowler led the transaction team in marketing the property and exclusively represented the seller in the negotiations.

Newmark announces it has arranged the sale and financing of Maverick Place, a 117-unit, 382-bed student housing asset serving the University of Texas at Arlington (UTA). Newmark Vice Chairman and head of the company’s Student...

Resia announced that leasing is officially underway at the Resia Dallas West community located in the city of Dallas, Texas. Resia Dallas West is the company’s inaugural multifamily development in the Dallas-Fort Worth market. The 336-unit residential community offers a range of one, two and three-bedroom apartments...

CONAM Multifamily Partners Fund III, a discretionary fund sponsored by The CONAM Group, is pleased to announce the purchase of Arise Craig Ranch, a 270-unit Class A multi-family community in McKinney, Texas, one of...

Legacy Partners, a privately held national real estate firm, and Pondmoon Capital Holdings USA announced the opening of Merit, a 296-residence mixed-use community in Lewisville, Texas. The Lewisville apartment community features one-, two-, and three-bedroom...

CBRE announced the sale of two multifamily rental communities totaling 20 units for over $5.5 million in Anaheim, California to two separate buyers.   In the first transaction, CBRE’s Executive Vice President Dan Blackwell, Senior...

Garden Communities has launched pre-leasing for the townhome phase of The Metropolitan in Springfield, as construction continues at a steady pace. The community will feature a combination of townhomes and apartments for a total...

High Street Residential, the residential subsidiary of Trammell Crow Company, has completed construction on Smith & Rio, a 310-unit residential community in Tempe, Arizona. Located in Tempe’s vibrant downtown, just south of the Loop...

MIG Real Estate LLC, a real estate investment company with assets across the Western U.S. and Sun Belt states, announced the acquisition of Waterleaf, a 456-unit apartment complex in Vista, California. “MIG is excited for...

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of 4161 N Milwaukee, a 12,100-square-foot mixed-use property located in Chicago, Illinois....

Conor Commercial Real Estate is pleased to announce their latest multi-family project, the Flynn at Live Oak. The five-story building will incorporate 327 apartments and a first-class amenity package, including a co-working space featuring...

Institutional Property Advisors, a division of Marcus & Millichap, announced the sale of two multifamily assets in Des Moines, Washington. Spinnaker Landing, a 66-unit property and Regatta, an 86-unit asset traded for a combined...

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Courtyard Villas, an 80-unit multifamily community, in Orlando, Florida. The...