Saturday, April 20, 2024

Deal boom

Apartment deals, mergers and acquisitions

One Rocky Ridge

Fogelman Properties completes acquisition of 300-unit multifamily community in Douglasville, Georgia

Fogelman Properties, one of the country’s largest, privately-owned and fully integrated multifamily investment and property management companies, is pleased to announce the acquisition of One Rocky Ridge, a 300-unit multifamily community located in Douglasville,...
Hangar at Thunderbird

PCCP, LLC provides $53 million loan to refinance newly built 266-unit Class A apartment...

PCCP, LLC has provided a $53 million bridge loan to P.B. Bell for the refinance of Hangar at Thunderbird, a newly built 266-unit, 19-building apartment community located at 15301 N 37th Avenue in Glendale,...
Solano Pointe Apartments

ABI Multifamily brokers South Glendale 276-unit multifamily apartment community for $42 million

ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $42,000,000 / $152,174 Per Unit / $233.50 Per SF sale of Solano Pointe Apartments, a...
4705 Center Blvd

Avison Young arranges $210 million refinancing for Rockrose of 396-unit Long Island City luxury...

Avison Young announced that its Tri-State Debt & Equity Finance Group has arranged a $210 million refinancing of 47-05 Center Boulevard in Long Island City on behalf of the owner, an affiliate of Rockrose....
Woodlands at Canterfield

McShane Completes Construction on The Woodlands at Canterfield Senior Living Residence Near Chicago

McShane Construction is pleased to announce the completion of The Woodlands at Canterfield, a 131-unit senior living development in West Dundee, Illinois. Built for Westbrook at Canterfield, LLC, The Woodlands at Canterfield is comprised...
NORA

Institutional Property Advisors facilitates Orlando luxury rental complex sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of NORA, a six-story, 246-unit multifamily building with 9,263 square feet of ground floor retail in Downtown Orlando’s North Quarter district. “With...

Bell Partners acquires 249-unit apartment community in Pompano Beach, Florida

Bell Partners Inc., one of the nation's leading apartment investment and management companies, announced that it has acquired Overlook Pointe, a 249-unit apartment community in Pompano Beach, Fla. on behalf of its Fund VI...

Meridian Capital Group arranges $27.5 million in financing for The Cobalt Apartments, a multifamily...

Meridian Capital Group, America’s most active dealmaker, arranged $27.5 million in financing to refinance The Cobalt, a multifamily property in Somerville, NJ on behalf of Weiss Properties based in New Brunswick, NJ. The 12-year loan...

New amenity rich 55+ apartment community opens in Salt Lake City area

Buchanan Street Partners, a real estate investment management firm based in Newport Beach, Calif., today announced construction has reached completion and units are available for lease at Incline at Anthem, a luxury, active adult...

Interra Realty brokers sale of multifamily property in West Suburban Chicago

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the sale of 1917-23 S. Grove Ave., a four-story, 34-unit building in Berwyn, Ill., a western suburb of Chicago. Interra Managing Partner...

Pinnacle Contracting, Inc. selected by Pier Property Group as construction manager for $9 million...

Pinnacle Contracting, Inc. has been tapped by St. Louis-based developer Pier Property Group to execute the historic renovation of the Steelcote Manufacturing Company Paint Factory complex at 801 Edwin Street in mid-town St. Louis,...
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...
366 Walnut Avenue

Stepp Commercial completes $3.55 million sale of 11-unit apartment property in coveted Alamitos Beach...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $3.55 million sale of an 11-unit apartment property located at 366 Walnut Avenue in the Alamitos Beach submarket of...
7800 S Phillips

Interra Realty arranges $5.46 million sale of two-building apartment portfolio in Chicago’s South Shore...

Interra Realty, a Chicago-based commercial real estate investment services firm, announced the $5.46 million sale of two recently rehabbed rental properties in Chicago’s South Shore neighborhood: 7646 S. Essex Ave., a 30-unit apartment building,...

HFF announces sale of 405-unit apartment community in Broward County

Holliday Fenoglio Fowler, L.P. (HFF) announced today the sale of The Glen at Lauderhill, a 405-unit apartment community located in Lauderhill, Florida, a prime suburban growth market within Broward County. HFF marketed the property exclusively...
Yield PRO