Friday, May 3, 2024

Deal boom

Apartment deals, mergers and acquisitions

Sackett Place and Society Brooklyn

JLL arranges $520 million capitalization for waterfront mixed-use development in Brooklyn

JLL’s Capital Markets group announced that it has secured the $520 million capitalization for the development of Sackett Place and Society Brooklyn, an under-construction, two-tower, 21-story luxury waterfront mixed-use community with 517 multihousing units...
Vue on MacGregor

Sale of student housing community near University of Houston closes

JLL Capital Markets announced that it closed the sale of Vue on MacGregor, a 117-unit / 347-bed student housing community near the University of Houston, the third largest university in Texas. JLL worked on behalf...
Metro University City

PCCP, LLC provides $57 million loan to refinance Metro University City in Charlotte, North...

PCCP, LLC has provided a $57 million loan for the cash neutral refinance of Metro University City, a 309-unit mid-rise multifamily community located at 404 Gallop Lane in the University City neighborhood of Charlotte,...
The Reserve at Sugarloaf

Cushman & Wakefield arranges $91 million sale of The Reserve at Sugarloaf in Atlanta’s...

Cushman & Wakefield announced that the commercial real estate services firm arranged the $91 million sale of The Reserve at Sugarloaf, a 333-unit multifamily community located in Duluth, Georgia at 2605 Meadow Church Rd. Cushman...

The Mogharebi Group closes on two multifamily properties in California’s Central Valley

The Mogharebi Group (TMG) has successfully secured the sale of two Central Valley multifamily communities totaling 102 units in separate transactions valued at $15.6 million combined. Located at 520 S. County Center Dr. in Visalia,...
Parkway Crossings

PCCP, LLC provides $67.8 million loan for the development of Parkway Crossings, a 309-unit...

PCCP, LLC has provided a $67.8 million loan to Fore Property Company for the ground-up development of Parkway Crossings, a Class A, 309-unit multifamily community in Kissimmee, Florida. The six-acre site is situated near...
Vinty

$97.25 million in financing secured for luxury New Jersey multihousing community

JLL Capital Markets announced that it has secured the $97.25 million financing for Vinty, a 267-unit, Class A, mixed-use development in Elizabeth, New Jersey. JLL worked on behalf of the borrower, LeCesse Development Corporation and...
Atlantica at Daytona

Daytona Beach multihousing development secures $77 million in financing

JLL Capital Markets announced that it has closed the $77 million construction financing for Atlantica at Daytona, a 341-unit, luxury, garden-style multihousing development in Daytona Beach, Florida. JLL represented the borrower, a joint venture between...
250 N. Crescent Dr

Attractive financing secured for an ultra-luxury multihousing asset in Beverly Hills, California

JLL Capital Markets announced that it has arranged financing for two trophy assets in Beverly Hills, California. JLL secured the senior notes with Wintrust Financial for 9440 Santa Monica Blvd., an approximately 92,000-square-foot, trophy,...
Parkway Square

Cushman & Wakefield arranges sale of two Tallahassee multifamily communities

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Parkway Square and Tally Square, two multifamily communities totaling 505 units located in Tallahassee, Florida. The final sale...
Birch Terrace Apartments

Marcus & Millichap arranges sale and financing for multifamily property in Brea, California

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale and financing of Birch Terrace Apartments, a multifamily property located at...
Sea Park affordable housing portfolio

Ariel Property Advisors arranges sale of Sea Park affordable housing portfolio in Coney Island

Ariel Property Advisors (Ariel) announced the sale of the Sea Park affordable housing portfolio, consisting of three multifamily properties and one development site, all located in the Coney Island section of Brooklyn, NY. The...
Colinas Ranch Apartments

Eagle Property Capital (EPC) announces disposition of multifamily asset in Dallas-Fort Worth Market

Eagle Property Capital Investments, LLC (EPC), a vertically integrated real estate investment manager focused on the value-add multifamily space, announced the disposition of Colinas Ranch Apartments, a 160-unit apartment community, located in Irving northwest of...
Santa Fe Townhomes

Marcus & Millichap Capital Corporation arranges $15 million financing for multifamily property in San...

Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate capital markets financing solutions, arranged a $15.043 million loan for the refinancing of Santa Fe Townhomes, a multifamily property located at...
Artesia

Institutional Property Advisors closes $61.6 million sale and arranges financing for suburban Seattle multifamily...

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale and financing of Artesia, a 192-unit apartment property in the Silver Lake neighborhood of Everett, Washington. The asset traded for $61.6...
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