Saturday, May 18, 2024

Deal boom

Apartment deals, mergers and acquisitions

Tree Top Apartments

FCP announces sale of Tree Top Apartments in Raleigh, NC for $31.5 million

FCP announces the sale of Tree Top Apartments in Raleigh, NC for $31.5 million. The 206-unit apartment community was acquired by FCP in October 2013 for $10.5 million. The community was 97.1 percent occupied at...
Riverland Apartments

Berkadia arranges sale of new luxury apartments in Fort Lauderdale

Berkadia announces it has arranged the sale of Riverland Apartments, a brand new, 276-unit garden-style luxury apartment community located in Fort Lauderdale, Fla. Senior Managing Directors Roberto Pesant and Jaret Turkell, along with Associate...
Cleo Apartments, Denver

DB Capital acquires Denver metro apartment community for $38 million

DB Capital Management (DB Capital) has acquired Cleo Apartments, a 142-unit multifamily community in the Lowry submarket of Denver for $38 million. Built in 1979, Cleo features large one- and two-bedroom floor plans on a...

The Grand at SkyView Parc reveals the Grand Three Units

The Grand at SkyView Parc, made up of three residential towers located in the heart of Flushing, recently unveiled new residences in their Grand Three tower. The residences were furnished by interior designers with pieces...

Levin Johnston directs 1031 exchange of multifamily communities in San Mateo County

Levin Johnston of Marcus and Millichap, one of the top multifamily brokerage teams in the U.S., specializing in wealth management through commercial real estate investments, has successfully directed the sale of two San Mateo...

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...

Timberland Partners announces grand opening of Green on 4th ‘G4’ apartments

Timberland Partners announces the grand opening of the $53.8 million Green on 4th apartment community, aka ‘G4’, an amenity-rich project located in the Prospect Park neighborhood in Minneapolis. G4 welcomed its first residents on June 29th...
Fourteen Allapattah Residences

Neology Development Group’s Fourteen Allapattah Residences Apartments Tops Off in Miami

Neology Development Group, led by CEO and Founder Lissette Calderon, has officially topped off the construction of Fourteen Allapattah Residences, Neology’s third lifestyle-driven residential community in one of Miami’s most dynamic emerging neighborhoods, Allapattah. Fourteen...
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...

McShane Construction Company begins construction on new apartment complex in Gilbert, Arizona

McShane Construction Company is pleased to announce that they have been selected by Leon Capital Group to construct Soltra at SanTan Village, a new luxury multifamily development in Gilbert, Arizona. “The population of Gilbert has...
Caroline Drive

PCCP, LLC Acquires 40-Acre Site for the Development of 150-Unit Caroline Drive Townhomes in...

PCCP, LLC has acquired a 40-acre site and has commissioned Integrity Community Builders, a wholly owned subsidiary of David Weekley Homes for the ground-up development of Caroline Drive Townhomes. The Class A project will...
Hamlet Falling Creek

BWE Secures Joint-Venture Equity and Debt for Build-to-Rent Community Hamlet Falling Creek in Richmond...

BWE, a national commercial and multifamily mortgage banking company, announced that it has secured joint venture equity and senior bank financing to finance the development of Hamlet Falling Creek, a 260-unit, build-to-rent apartment and...
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...
453 S. Gramercy Place

14-unit multifamily building trades for record price per SF during safer-at-home order

Transwestern Real Estate Services (TRS) announces it has brokered the sale of 453 S. Gramercy Place, a newly renovated, 14-unit multifamily building in the Koreatown submarket of Los Angeles. Managing Directors Josh Kaplan and...
Woodhill

Cushman & Wakefield arranges $184.6 million in sales, acquisition on behalf of JEM Holdings

Cushman & Wakefield has arranged the $116.4 million sale of six properties totaling 1,378 units on behalf of JEM Holdings. Four of the properties are located in North Carolina, while two properties are located...
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