Friday, May 17, 2024

Deal boom

Apartment deals, mergers and acquisitions

Mustang Station

Institutional Property Advisors Brokers Sale and Arranges Financing for Multifamily Asset in North Dallas

Institutional Property Advisors, a division of Marcus & Millichap, announced today the sale and financing of Mustang Station, a 444-unit multifamily asset in Farmers Branch, Texas. “The property is located within one of the highest...
The Sinclair Apartment Homes

Grand Opening of The Sinclair, New $40M Affordable Housing Apartments Community in Columbus, Ohio

Leaders with the Columbus Metropolitan Housing Authority (CMHA) and The NRP Group, a vertically integrated, best-in-class developer, builder and manager of multifamily housing, joined today with Columbus Mayor Andrew Ginther, state Senator Hearcel Craig,...
The Koken

Historical Elegance Meets Modern Living in the Fox Park Neighborhood of St. Louis

The Koken is conveniently situated within the bustling St. Louis Fox Park neighborhood. This iconic renovation, masterminded by the design-build team at Blackline Design + Construction, opened its doors to residents on August 1st,...
Woodlands at Canterfield

McShane Completes Construction on The Woodlands at Canterfield Senior Living Residence Near Chicago

McShane Construction is pleased to announce the completion of The Woodlands at Canterfield, a 131-unit senior living development in West Dundee, Illinois. Built for Westbrook at Canterfield, LLC, The Woodlands at Canterfield is comprised...
The Grace Residences

High Street Residential Unveils Details for the Grace Multifamily Tower at Science Square

High Street Residential, the residential subsidiary of Trammell Crow Company, unveiled details about its first residential development in Atlanta, Georgia. The Grace Residences is a collection of 280 apartments located at Science Square, a...
Landmark at Courtyard Villas

Marcus & Millichap Closes 256-Unit Multifamily Asset Sale in Northeast Texas

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Landmark at Courtyard Villas, a 256-unit apartment property in Mesquite,...
Windrift

Institutional Property Advisors Brokers Orlando Florida Apartment Asset Sale

 Institutional Property Advisors, a division of Marcus & Millichap, announced today the sale of Windrift, a 288-unit multifamily property in Orlando, Florida. “Orlando’s diverse and extensive employment market has contributed significantly to the city’s strong...
Overlook Flats

Luxury Rental Property Overlook Flats Opens Leasing in Jersey City’s Reenergized Journal Square

Overlook Flats, a luxurious addition to Jersey City's real estate landscape, has officially launched leasing in historic Journal Square. Developed by Milton Fantin and the Fantin companies (Urban Property Developers and Urban Property Managers),...
7757-59 S. Winchester Ave

Interra Realty Brokers Pair of Apartment Transactions on Chicago’s South Side

Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it brokered two multifamily property sales on Chicago’s South Side: a 19-unit apartment building at 7757-59 S. Winchester Ave. in the Auburn...
Trellis

Institutional Property Advisors Closes and Finances $32.4 Million King County Apartment Asset Sale

Institutional Property Advisors, a division of Marcus & Millichap, announced today the sale and financing of Trellis, a 111-unit apartment property in Federal Way, Washington. The asset traded for $32.4 million, or $291,892 per...
Cabana Happy Valley

Institutional Property Advisors Closes $79.25 Million Multifamily Asset Sale in Greater Phoenix

Institutional Property Advisors, a division of Marcus & Millichap, announced today the sale of Cabana Happy Valley, a 292-multifamily asset in Phoenix, Arizona. The property sold for $79.25 million or $271,404 per unit. “Cabana Happy...
Ashley at Scholars Landing

McShane to Build Second Phase of Ashley at Scholars Landing Apartments in Atlanta

McShane Construction Company was selected by repeat client The Integral Group to build the second phase of Ashley at Scholars Landing in Atlanta. The mixed-income multi-family residence will offer 212 units. “We are excited...
Briarcliffe Apartments and Townhomes

Eastham Capital Provides Equity for 308-Unit Residential Community in Lansing, Michigan

Eastham Capital, a private equity real estate firm dedicated to providing superior, risk-adjusted returns to investors through the transformation of undervalued multifamily real estate, has partnered with Chicago-based Bender Companies, a multifamily owner-operator, in...
The James

Archway Equities and Virtú Investments Acquire Luxury Apartment Community in San Jose, California for...

A joint venture of Archway Equities and Virtú Investments has acquired The James, a 190-unit Class A Apartment Community in downtown San Jose, California for $74.25 million. The James represents Archway’s second significant multifamily investment...
Elements Apartments

$42.7m Construction Take-Out Financing Secured for Multi-Housing Development on the California Central Coast

JLL Capital Markets announced today that it has arranged the $42.7 million pre-TCO construction take-out financing for Elements Apartments, a 167-unit multi-housing community located in Santa Maria, California. JLL represented the borrower, The Vernon Group,...
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