Sunday, May 19, 2024

Deal boom

Apartment deals, mergers and acquisitions

The Italic

JLL arranges $350 million capitalization for the construction of trophy residential tower in Long...

JLL’s Capital Markets group announced that it has arranged a $350 million debt and equity capitalization for the development of The Italic, a to-be-built, 363-unit, luxury mixed-use community located at 26-32 Jackson Ave. in...
Spring

Institutional Property Advisors closes sale and arranges financing for Phoenix multifamily asset

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale and financing of Spring, a 186-unit apartment asset in Phoenix, Arizona. The property traded for $42 million, or $225,806 per unit. “Spring’s...
Continental Terrace

The Mogharebi Group closes on 142-unit multifamily community in Sacramento, California

The Mogharebi Group (TMG) has arranged the $15.75 million sale of Continental Terrace in South Sacramento, California. Senior Vice President Robin Kane and Vice President Brendan Kane represented the seller in the transaction, who...
Grove at Temple Terrace

Cushman & Wakefield arranges $26.6+ million sale of Grove at Temple Terrace in Tampa

Cushman & Wakefield announced that the commercial real estate services firm has arranged the $26,650,000 sale of the Grove at Temple Terrace, a 180-unit multifamily community located at 8741 Grove Terrace. Nick Meoli and Mike...
Kingswood Apartments

Griffith Pepdjonovic Group arranges the $2.3 million sale of Kingswood Apartments in Foxborough

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of the Kingswood Apartments, a 15-unit multifamily offering located in Foxborough, Massachusetts,...
Loma Villas

The Mogharebi Group completes sale of new 70-unit apartment community in San Bernardino

The Mogharebi Group (TMG) has arranged the $21.5 million sale of Loma Villas, a newly constructed 70-unit multifamily community in San Bernardino, Calif. Located at 415 E. Commercial Rd. in the Inland Empire’s second largest...
Urbana Court

Sale of multihousing community in the Twin Cities medical alley closes

JLL Capital Markets announced that it has closed the sale of Urbana Court, a 207-unit, multihousing community located in the heart of the Twin Cities medical alley in Brooklyn Park, Minnesota. JLL worked on behalf...
Caesars Luxury Apartments

Institutional Property Advisors brokers multifamily asset sale in Tacoma

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Caesars Luxury Apartments, a newly built, 131-unit multifamily property in Downtown Tacoma, Washington. The $35.35 million sales price equates to...
4000 Hulen

Institutional Property Advisors brokers apartment asset sale in Fort Worth

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of 4000 Hulen, a 240-unit apartment asset in Fort Worth, Texas. “Built in 2015, the property performed exceptionally well over the past...
The Columns at Paxton Lane

ECI Group announces sale of The Columns at Paxton Lane in Lilburn, Georgia

ECI Group (ECI) announces the sale of The Columns at Paxton Lane apartments at 4305 Paxton Lane in Southeast Gwinnett County to InterCapital Group for an undisclosed price. The 296-unit community was developed by...
The Virginia

$32.125 million financing secured for multihousing development outside of San Antonio

JLL Capital Markets announced that it has closed the $32.125M construction financing for the development of The Virginia, a 198-unit market-rate multihousing project located in Seguin, Texas. JLL represented the borrower, Periscope Capital Investment and...
Prescott at Concord

CBRE arranges sale of The Prescott at Concord, a 350-unit luxury apartment community in...

Representatives of CBRE, led by Simon Butler, Biria St. John, John McLaughlin, and Brian Bowler announced the sale of The Prescott at Concord, a 350-unit apartment community in Concord, Massachusetts. CBRE represented the seller, an...
2 Adrian Avenue

Marcus & Millichap arranges the sale of an apartment building in New York for...

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of a 93-unit apartment property located in New York, New York. The...
Aspire Lakewood Apartments

Marcus & Millichap closes $27 million multifamily asset sale in Suburban Denver

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Aspire Lakewood Apartments, a 96-unit multifamily asset built in 1969...
The Mint

42-unit multifamily trophy asset in prime Downtown Los Angeles sells for $17.5 million

The Mint, an eight-story, 42-unit multifamily property located in the heart of downtown Los Angeles, has sold for $17.5 million. The buyer was a local investor. The property, originally constructed in 1923 as an office...
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