Tuesday, April 23, 2024

Deal boom

Apartment deals, mergers and acquisitions

Barrington on the Green

Cushman & Wakefield arranges $40.5 million sale of Barrington on the Green

Cushman & Wakefield announced that the commercial real estate services firm has arranged the $40.5 million sale of Barrington on the Green, a 342-unit apartment community located in Hoover, Alabama. Jimmy Adams and Craig Hey...
Portola West Vegas

SB Real Estate Partners acquires multifamily community in Las Vegas, Nevada for $73.1 million

SB Real Estate Partners (SBREP) has made its second multifamily investment in the Las Vegas MSA over the past seven weeks with the $73.1 million off-market acquisition of St. Croix Apartments, a 256-unit garden-style...
Eliza

80-unit apartment portfolio sells for $20,000,000 in Vancouver, Washington

Kidder Mathews is pleased to announce the sale of an 80-unit apartment portfolio in Vancouver, Washington for $20,000,000. The portfolio comprises three buildings: Broadway (36 units), Hamilton (30 units), and Eliza (14 units). The...

Marcus & Millichap closes $53.4 million three-property Inland Empire multifamily sale

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of a three-property multifamily portfolio in the Inland Empire region of Southern...

Timberland Partners announces purchase of Sullivan Square, Bentonville, AR, 535 units and Parkway Lakeside,...

Minneapolis based Timberland Partners is pleased to announce the acquisitions of Sullivan Square, located in Bentonville, Arkansas and Parkway Lakeside, located in O’Fallon, Illinois. Founded in 1992, the company now owns and manages 71...
Stone Brook

Newmark Facilitates Sale and Financing of 376-Unit Multifamily Property in Baytown Texas

Newmark announces it has arranged the sale and financing of Stone Brook, a 376-unit multifamily asset located at 619 Rollingbrook Drive in Baytown, Texas.  Built in 2000, Stone Brook is a garden-style apartment complex that...

Affirmed Housing to break ground on Della Rosa, serving Orange County’s chronically homeless and...

Affirmed Housing will host a groundbreaking ceremony for Della Rosa, a new housing community serving individuals experiencing chronic homelessness and households with low income. Located at 14800 Beach Boulevard in Westminster, CA, the 9am...
Shawme Heights Apartments

Senior Citizens Living at the Shawme Heights Apartments on Cape Cod Will See Property...

Senior citizens and residents with disabilities living at the 44-unit Shawme Heights Apartments in Sandwich will have affordable rents extended for the long term and the property will see approximately $1.6 million in improvements as...
39 High Street

JLL Capital Markets Arranged Refinancing for 39 High Street, an 83-unit Luxury Apartment Building...

JLL Capital Markets announced that it has arranged the $18.625 million refinancing of 39 High Street, an 83-unit multi-housing community located in the Journal Square neighborhood of Jersey City, New Jersey. JLL represented the borrower,...

JLL closes sale of suburban Portland apartments

JLL announced today that it has closed the sale of Avana Orenco Station, a 264-unit, garden-style multihousing community in Hillsboro, Oregon. JLL marketed the property on behalf of Greystar and procured the buyer, Jackson Square...
1646 Routt Street

Capstone Closes Sale of 9-Unit Multifamily Property 1646 Routt Street in Lakewood Colorado for...

Capstone has closed the sale of 1646 Routt Street, a 9-unit multifamily property in Lakewood for the sale price of $1,725,000. Austin Smith of Capstone brokered the transaction. 1646 Routt Street is located near the...
Yorktowne Farms Apartments

Marcus & Millichap Brokers 264-Unit Yorktowne Farms Apartments Sale in Suburban Indianapolis

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Yorktowne Farms Apartments, a 264-unit multifamily asset in Greenwood, Indiana. “Rents in...
Serenity at Fairfield

Cushman & Wakefield arranges $5.54 million sale for Elevation Financial Group

Cushman & Wakefield has arranged the $5.54 million sale of Serenity Apartments at Fairfield and Serenity Apartments on Valley Creek, two apartment communities totaling 168 units located in Birmingham, Alabama. Josh Jacobs and Craig...
Arlington Park

JLL arranges financing for Alabama apartment property

JLL Capital Markets announced that it has arranged financing for Arlington Park, a 252-unit, garden-style apartment community in West Mobile, Alabama. JLL worked on behalf of the Dallas-headquartered borrower, Saxony Capital Management, LLC, to secure...
Parc at Pooler

McShane completes Parc at Pooler Luxury apartments near Savannah, Georgia

McShane Construction Company completed the construction of a new luxury apartment community, known as Parc at Pooler, on behalf of Equity Resources, LLC. Located on 21 acres at 2200 Old Quacco Road in Pooler,...
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