Interra Realty brokers $2 million sale of multifamily property in Melrose Park, Illinois
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the sale of a 29-unit multifamily property in Melrose Park, Ill. for $2 million. The property 1123 N. 33rd Ave., was a...
The Mogharebi Group arranges $50 million sale of 237-unit multifamily community in Central California
The Mogharebi Group (TMG) has brokered the sale of Oak View Apartments, a 237-unit garden-style multifamily community in Visalia, Calif., for $50 million. The buyer of the fully occupied property is a Southern California-based...
New Jersey multihousing community secures $11 million financing
JLL Capital Markets announced that it has arranged $11 million in permanent financing for Rahway Plaza Apartments, a two-building, 288-unit high-rise apartment community located in downtown Rahway, New Jersey.
JLL represented the borrower, Denholtz Properties,...
ABI Multifamily brokers 59-unit Midtown apartment community for $21.5 million
ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $21,538,462 / $365,059 per unit / $421.81 per square foot sale of PURE Midtown, a...
$99.5 million financing secured for Chicago trophy apartment tower acquisition
JLL Capital Markets announced that it has closed the $99.5 million financing of The Elle, a 496-unit, trophy, high-rise multihousing community in the South Loop submarket of Chicago, Illinois.
JLL worked on behalf of the...
RADCO acquires Solis Reynolds Place in Atlanta; Multifamily property rebranded as Lyra by Radius
The RADCO Companies (RADCO), one of the nation’s leading opportunistic real estate developers, announced the acquisition of Solis Reynolds Place, a newly constructed 228-unit multifamily asset located in Duluth, Georgia, a northeast Atlanta suburb.
The...
Institutional Property Advisors negotiates Tempe apartment property sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of La Serena, a 160-unit multifamily asset in Tempe, Arizona.
“Located in South Tempe, where limited multifamily inventory and extreme barriers to...
Trophy Northern Virginia multihousing community trades for $141 million
JLL Capital Markets announced that the $141 million sale of The Avant, a 359-unit, trophy multihousing community located in Reston, Virginia, has closed.
JLL represented the seller, Boston Properties, and secured acquisition financing on behalf...
Age-restricted multihousing community in Central New Jersey trades for $29.9 million
JLL Capital Markets announced that it has closed the $29.9 million sale of Royal Pines at Marlboro, an 89-unit 55+ multihousing community in Englishtown, New Jersey.
JLL represented the seller, a joint venture between GRJ...
FCP partners again with Avanti Residential, acquiring Omnia on Thomas Apartments in Phoenix, Ariz....
FCP and joint venture partner Avanti Residential announce the $65 million acquisition of Omnia on Thomas, a 382-unit garden apartment community at 1645 E. Thomas Road in Phoenix, Ariz. Omnia on Thomas represents FCP’s third...
Institutional Property Advisors brokers sale of Orange County multifamily asset
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Foxborough Apartments, a 90-unit apartment complex in Orange, California. The property was acquired by Advanced Real Estate of Irvine, California.
Advanced...
JLL completes acquisition financing of ultra-luxury Downtown Los Angeles multihousing tower
JLL Capital Markets announced that it has arranged the acquisition financing for THEA at Metropolis, a 685-unit, ultra-luxury, high-rise multihousing community located in Downtown Los Angeles.
JLL worked on behalf of the new owner to...
The Mogharebi Group brokers $11.25 million sale of 44-unit affordable housing community in Palm...
The Mogharebi Group (TMG) has brokered the sale of a 44-unit garden-style multifamily community in Palm Springs, Calif. for $11.25 million. The buyer of the fully occupied property is a California-based affordable housing investor.
Sunnyview...
Institutional Property Advisors brokers sale and arranges financing for Tucson multifamily asset
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Eastyn Park, a 279-unit multifamily property in Tucson, Arizona. The $42.5 million sales price equates to $152,329 per unit.
“Eastyn Park...
MassHousing closes on $18 million for the refinancing, preservation of affordability and extensive renovation...
MassHousing has provided a total of $18 million in affordable housing financing to the non-profit Retirement Housing Foundation (RHF), and its development consultant, the Schochet Companies, for the refinancing, preservation of affordability and renovation...
