Saturday, May 18, 2024

Deal boom

Apartment deals, mergers and acquisitions

Ardmore Cates Creek

Cushman & Wakefield arranges sale of two North Carolina multifamily properties

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of two North Carolina multifamily communities–Ardmore King’s Grant in Charlotte and Ardmore Cates Creek in Hillsborough. Michael Saclarides, Paul Marley and...
The Post

PCCP, LLC provides a $75 million loan to Griffis Residential for the acquisition and...

PCCP, LLC has provided a $75 million senior loan to Griffis Residential for the acquisition and repositioning of The Post, a 16-story, 208-unit apartment property located at 888 Western Avenue in downtown Seattle. Situated at...
Altamonte at Spring Valley

Trion Properties rapidly expands Florida Foothold with $49.1 million acquisition of 250-unit luxury multifamily...

Trion Properties, a multifamily investment sponsor and private equity real estate firm based in West Hollywood, California and Miami, Florida, has acquired Altamonte at Spring Valley, a 250-unit luxury multifamily community in Altamonte Springs,...

MacFarlane Partners celebrates topping out of Park Fifth in downtown Los Angeles

MacFarlane Partners, a real estate investment manager and developer that specializes in investments promoting smart growth, urban revitalization and sustainability, announces today the topping off of Park Fifth, a 24-story high-rise that it is...
The Highlands

Marcus & Millichap brokers sale of luxury student-housing townhomes in Tallahassee, Florida

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of The Highlands, a 78-bed student housing asset in Tallahassee, Florida. The...
Avalon Tinton Falls

JLL closes sale of Avalon Tinton Falls in Monmouth County

JLL Capital Markets announced that it has closed the sale of Avalon Tinton Falls, a 216-unit, Class A garden-style apartment property in Tinton Falls, Monmouth County, New Jersey. JLL marketed the property exclusively on behalf...

Passco Companies adds third multifamily asset to Texas portfolio this year with acquisition of...

Passco Companies, a privately held California-based commercial real estate company that specializes in acquisition, development, and property and asset management throughout the U.S., has acquired Boterra Bay Apartments in Baytown, Texas. The firm is rebranding...
Center & Stone

Financing secured for Massachusetts multihousing development

JLL Capital Markets announced that it has arranged the construction financing for Center & Stone, a 201-unit, two-building multihousing project with 9,500 square feet of retail space and 10,500 net square feet of amenity...
Ocala Heath Brook

FaverGray Breaks Ground on Ocala Heath Brook Luxury Apartments in Central Florida

FaverGray, a leading multifamily and student housing general contractor, proudly announces the groundbreaking of the Ocala Heath Brook project, a luxurious 288-unit apartment community set to redefine upscale living in Ocala, Florida. Situated on approximately...

The Habitat Company, Chicago Housing Authority, Cinespace and Sinai Health System to invest $200M...

Chicago-based The Habitat Company, a leading U.S. multifamily developer and property manager, today announced it received approval from the city’s Planning Commission to move forward with plans for a $200 million 10-acre mixed-use project...

Meridian Capital Group arranges $110 million in financing for the 251DEKALB multifamily property located...

Meridian Capital Group, America’s most active dealmaker, arranged $110 million in balance sheet financing for 251DEKALB, a five-building multifamily apartment complex located in King of Prussia, PA on behalf of a venture sponsored by...
Everett Avenue Portfolio

Interra Realty brokers sale of 130-unit Chicago multifamily portfolio

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the sale of a 130-unit mixed-use multifamily portfolio in Chicago’s Hyde Park neighborhood. Comprising three buildings, the portfolio sold for an...
Charlotte Commons

JBM Brokers the $66.5M Sale of Trophy Asset Charlotte Commons in Port Charlotte Florida

JBM® Institutional Multifamily Advisors is pleased to announce the sale of another Southwest Florida multifamily property Charlotte Commons for $66,500,000 or $251,894/unit. The buyer was a New York operator together with Image Capital and...
Infinity at the Rim

Institutional Property Advisors closes Northwest San Antonio multifamily sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Infinity at the Rim, a 310-unit, luxury mid-rise multifamily property in San Antonio, Texas. “Infinity at The Rim is an asset...

Grubb Properties to join program bringing affordable housing to Chapel Hill

Grubb Properties will dedicate units at Glen Lennox Apartments in Chapel Hill, N.C. to be part of an innovative, community-based coalition bringing more affordable housing to the town. In partnership with the Chapel Hill-Carrboro Chamber...
Yield PRO