Tuesday, May 7, 2024

Deal boom

Apartment deals, mergers and acquisitions

Palm Coast, Florida

Marcus & Millichap Sells 19-Acre Palm Coast Land for $6.25 Million

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of 19 Acres on Whiteview Parkway in Palm Coast, Florida. The property...
York Tigard

Trion Properties’s Latest Multifamily Disposition in Tigard, Oregon Results in a 29% IRR Portfolio

Trion Properties, a vertically-integrated, multifamily real estate investment firm based in West Hollywood, California and Miami, Florida, announces the disposition of York Apartments a 52-unit multifamily property located in Tigard, Oregon. York Apartments is a...
Moss Street Townhomes

Shopoff Realty Investments Sells Fully Entitled 141-Unit Townhome Development in Chula Vista

Shopoff Realty Investments announced that the company has successfully sold its 141-unit Moss Street Townhome project to Shea Homes. The 6.94-acre property is located in Chula Vista, California at the intersection of Moss Street and Industrial...
Rosemont Terrace

The Mogharebi Group Close on $18M 100-Unit Multifamily Community in Sacramento California

The Mogharebi Group has arranged the $17.9 million sale of Rosemont Terrace, a 100-unit garden-style multifamily community in Sacramento, California. Mogharebi Executive Vice President Otto Ozen represented the seller, a Southern California-based private investment...
Icon at Yorktown

Institutional Property Advisors Brokers Houston Texas 115-Unit Multifamily Asset Sale

Institutional Property Advisors, a division of Marcus & Millichap, announced the sale of Icon at Yorktown, a 115-unit apartment property in Houston, Texas. “Houston was the only major Texas market to record a drop in...
Sumitomo Forestry & JPI

JPI to be Acquired by Sumitomo Forestry America, Inc.

JPI, a leader in the development of Class A and attainable multifamily communities, and Sumitomo Forestry America, Inc. (“Sumitomo Forestry”), proudly announce the signing of a definitive agreement for the acquisition of JPI’s operating...
640 Broadway

Acadia Realty Trust Secures $33M to Refinance a Luxury, Pre-War Loft Building in NoHo

JLL Capital Markets has arranged $33 million in financing for 640 Broadway, a renovated luxury, nine-story, pre-war loft building stretching a full city block on Bleecker Street, between Broadway and Crosby Steet, in Manhattan’s...
Cottage Gardens

Capstone Closes $13.5M Off-Market Sale of Cottage Gardens in Greensboro North Carolina

Capstone Companies has successfully facilitated the $13.5M off-market sale of Cottage Gardens, an apartment community in the Eastside Park submarket of the Greensboro, North Carolina MSA. Built in 1960, Cottage Gardens features multiple 1- to...
Brooklyn, New York

Ariel Property Advisors Arranges Sale of Brooklyn Properties for Over $10M

Ariel Property Advisors announced it has closed two investment sales transactions in Brooklyn, including the sale of a mixed-use development site in Cobble Hill as well as two mixed-use properties in Bushwick, for a...
Frame Med Center

AHV Communities Announces Leasing Now Available for Frame Med Center in San Antonio Texas

AHV Communities, the leader in Built-for-Rent® single-family (SFR) and attached home rental communities, announced that leasing has commenced for Frame Med Center, its newest community that offers a lock-and-leave lifestyle for renters in San...
Metro Parc North

MG Developer and Baron Property Group Secure $18M Land Loan for Multifamily Development in...

MG Developer, now the most active developer in Hialeah and Coral Gables, announces it has secured an $18 million loan for its third transient-oriented multifamily development, Metro Parc North, a 663-unit multifamily property, located...
Riverbend Apartments Pool

SPI Advisory Acquires 164-Unit Apartment Community in New Braunfels, Texas

SPI Advisory and its partners finalized the acquisition of Riverbend Apartments (formerly known as “Hawthorne Riverside”), a 164-unit, Class A- institutional-quality apartment community built in 1995. Riverbend Apartments boasts direct access to the Guadalupe River...
Graf St Apartments

Berkadia Secures $72M in Construction Financing for Multifamily Property in Montana

Berkadia announced the construction financing secured for the second phase of the existing 19th & Graf Apartment Homes, a garden-style multifamily property in Bozeman, Montana. Located at the intersection of Graf Street and South 19th...
Northgate Apartments

Kidder Mathews Sells 121-Unit Apartment Building for $19M in Seattle’s Northgate Neighborhood

Northgate Apartments, a former senior living facility totaling 121 units in Seattle, Washington sold Wednesday this week for $19M. The sale was fully marketed by Kidder Mathews’ Simon and Anderson team. The property was...

Capstone Brokers $18.9M Sale of Three-Property Portfolio in Hampton Roads Virginia MSA

Capstone Companies has closed an $18.9M portfolio sale consisting of three properties—Crossroads Townhomes (1974), Bently Apartments (1986), and Elkhart Apartments (1985)—in the Chesapeake and Portsmouth submarkets of the Hampton Roads, VA MSA. The three...
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