Deal boom

Apartment deals, mergers and acquisitions

Iconic downtown Kansas City landmark for sale at $49 Million

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced it has been awarded the exclusive listing for 909 Walnut, a 34-story Art Deco, Gothic Revival-style building and an adjacent eight-story parking garage...

Evergreen Real Estate Group celebrates groundbreaking of 2 co-located library/senior housing projects on Chicago’s...

Evergreen Real Estate Group recently celebrated the groundbreaking of two co-located housing and library projects it is developing in partnership with Mayor Rahm Emanuel, the Chicago Housing Authority and Chicago Public Library. City and...

WRS unveils S9Architecture’s renderings for the redevelopment of Underground Atlanta

WRS, Inc. is pleased to share new renderings of their 4-block downtown re-development specifically the area located at the Southwest corner of Central and Alabama known as Kenny’s Alley/Underground Atlanta mall. Featuring more than...

IPA brokers record-setting multifamily sale in Ventura

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Via Ventura, a 192-unit apartment complex in Ventura, California. The property sold for $74 million, which equates to $385,417 per...

Pathway to Living expands to Michigan with senior housing acquisition

Pathway to Living, a Chicago-based developer, owner and operator of senior living communities, today announced it has completed its acquisition of the property formerly known as Elmcroft of Kentwood in Kentwood, Mich. Located at...

Morgan opens luxury Pearl La Floresta in California

MORGAN, a leader in upscale multifamily development, construction and property management, has opened and started leasing Pearl La Floresta in Orange County, California. The five-story midrise, MORGAN's latest luxury apartment community in its portfolio...

Trez Forman Capital Group closes $44.8 million construction loan

Florida-based Trez Forman Capital Group has completed a $44.8 million loan to finance construction of a new maintenance-free residential community in Southwest Florida geared towards baby boomers.  The loan, which closed Thursday, February 1st,...

TransUnion + ApartmentJet address short term rental tenant screening challenge

Short-term rentals have caused major disruptions to the apartment industry, sometimes resulting in evictions, lawsuits and even regulatory changes. TransUnion announced it has partnered with ApartmentJet, Inc. to help multifamily property owners and management...

San Fernando Valley apartment complex trades hands at $45 million

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Cielo Apartments, a 119-unit multifamily property in Chatsworth, California. The $45 million sales price equates to more than $378,000 per...

Oakwood to open its first property in Osaka summer 2018

Oakwood Worldwide announced the planned opening of Oakwood Hotel & Apartments Shin-Osaka. Scheduled to open this summer, the property will be the first property in Japan outside of Tokyo, and it joins a growing...

Record Tampa Bay area multifamily sale closed by Marcus & Millichap

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Lakeside Apartment Homes, a 228-unit apartment asset located in Brandon, Florida....

Multifamily investment opportunity offered exclusively by IPA

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the exclusive opportunity to acquire Bel Aire Terrace, a 324-unit apartment community in Crestview, Florida. The price is open bid. “Bel Aire Terrace is...

Stiles|Hensler mixed-use development Peabody Union moves forward

Nashville, TN-based Hensler Development Group and South Florida-based Stiles announced today that they will co-develop Peabody Union, a mixed-use, luxury commercial and residential project in Nashville, TN. Peabody Union will establish a new Design...

Meridian Capital Group arranges $3.7 million in financing for a multifamily property in New...

Meridian Capital Group, America’s most active dealmaker, arranged $3.7 million in financing for the refinance of a multifamily property in New Haven, CT. The seven-year, floating-rate loan is swapped at 190 basis points over LIBOR...

$20.5 million buys Tucson value-add multifamily asset

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of River Oaks Apartments, a 300-unit apartment complex in Tucson, Arizona. The $20.5 million sales price equates to $68,333 per unit. “The...
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