Standard Communities acquires Canton Estates Apartments in Massachusetts
Standard Communities, a major national affordable housing investor and developer, has acquired Canton Estates Apartments, a naturally occurring affordable housing family community in Canton, MA. The total capitalization of the transaction is approximately $18...
Institutional Property Advisors closes 518-unit Central Connecticut multifamily portfolio sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of a two-property, 518-unit multifamily portfolio in Middletown, Connecticut. “Located between Hartford and New Haven, Middletown draws residents from employment centers in...
$77.5 million financing secured for Philadelphia multihousing development
JLL Capital Markets announced that it has arranged $77.5 million in construction financing for a 279-unit, seven-story, luxury multihousing development with 8,449 square feet of ground-floor retail, located in the Northern Liberties neighborhood of...
CBRE arranges $7.8 million sale of 204-unit development site in Farmington, Connecticut
Representatives of CBRE, led by Jeff Dunne, Simon Butler, Biria St. John, Eric Apfel, Stuart MacKenzie, John McLaughlin, and Brian Bowler announced the $7.8 million sale of a 204-unit multifamily development site in Farmington,...
JLL Capital Markets welcomes Leigh Poulton to its multihousing investment sales and advisory team
JLL Capital Markets announced that it has welcomed Director Leigh Poulton to its multihousing investment sales and advisory team. Poulton sits in the Pittsburgh office and reports to Senior Managing Directors Mark Popovich and Nick Matt,...
TCC/HSR hires SVP for multifamily development in New York metro market
The Northeast Metro office of Trammell Crow Company (TCC), a global commercial real estate developer, and its residential subsidiary, High Street Residential (HSR), have hired Michael Adamo as Senior Vice President. In his new...
$11.9 million sale of two historic multifamily properties in prime East Orange location
Gebroe-Hammer Associates’ Executive Managing Director and East Orange market specialist David Oropeza has brokered the $11.9 million sale of 17 Summit Street and 60 North Arlington Avenue Apartments, two historic East Orange residential properties...
Avanath Capital Management acquires high-rise apartment community in Brooklyn for $101.25 million
Avanath Capital Management, LLC (Avanath), a private real estate investment management firm, announces the acquisition of 7 DeKalb, a 251-unit multifamily property located in the Brooklyn borough of New York City, New York for...
Ariel Property Advisors announces sale of adjacent Upper West Side multifamily buildings for $16.2...
Ariel Property Advisors has arranged the sale of two adjacent, six-story mixed-use buildings at 992-1000 Amsterdam Avenue on the Upper West Side near Columbia University for $16.2 million. The acquisition was managed by an Ariel...
JLL arranges JV equity and debt for $135 million best-in-class New Jersey multihousing development
JLL Capital Markets announced that it has arranged the $88.6 million construction financing and the $38 million equity placement for Canterly Place, a 300-unit, to-be-built, Class A apartment building located in Livingston, Essex County,...
$20 million financing secured for construction of luxury apartment community in New Jersey
JLL Capital Markets announced that it has closed the $20 million construction financing for 397 Millburn Ave., a 53-unit, three-story, luxury apartment development in Millburn, New Jersey. JLL worked on behalf of the borrower, Eagle...
Broad Street Development and a real estate fund advised by Crow Holdings Capital partnership...
JLL Capital Markets announced the $114.9 million sale of 298 Mulberry St., a 96-unit, market-rate, mixed-use rental apartment property on the corner of East Houston and Mulberry Streets in the Noho neighborhood of Manhattan. JLL...
Ariel Property Advisors arranges $33.6 million sale of six-building multifamily portfolio in The South...
Ariel Property Advisors (Ariel) arranged the $33,600,000 sale of a portfolio comprised of six multifamily elevator buildings located at 111-119 Tudor Place, 1170-1176 Walton Avenue and 309 East 164th Street in the Concourse and...
JLL arranges $27 million in acquisition financing for grocery-anchored multihousing property in prime Manhattan...
JLL Capital Markets announced that it has arranged $26.85 million of acquisition financing for The Nathaniel, a grocery-anchored, 85-unit apartment building located at 138 East 12th St. in the East Village neighborhood of Manhattan. JLL...
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,...