Thursday, January 16, 2020

News

Nick Pavelich

Draper and Kramer announces new board member Nick Pavelich

Draper and Kramer, Incorporated, a privately held real estate services firm, is pleased to announce Nick Pavelich has rejoined its board of directors. Pavelich, who is managing director at Andersen for the Greater Seattle...
7500 S. South Shore

Kiser Group brokers record-breaking $18.4 million South Shore apartment portfolio

Kiser Group, Chicago’s leading multifamily brokerage firm, recently brokered 7500 S. South Shore, 6916 S. Clyde and 7038 S. Chappel as a 208-unit apartment portfolio. The apartments sold for $18,400,000 and are located in...
Mansfield Multihousing Property

JLL arranges financing for Mansfield, Texas, apartments

JLL Capital Markets announced today that it has arranged acquisition financing for a multihousing community located in the Fort Worth suburb of Mansfield, Texas. JLL worked exclusively on behalf of Hilltop Residential to arrange the...

Pathfinder Partners acquires value-add multifamily community in Phoenix submarket

Pathfinder Partners, a San Diego-based firm specializing in multifamily real estate investments, has announced the $8.4 million acquisition of Park Paloma—a 60-unit apartment community just south of the Lower Arcadia neighborhood at 2930 North...
nVe at Fairfax

Luxury West Hollywood apartment building sold by Institutional Property Advisors for $36 million

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of nVe at Fairfax, a luxury boutique multifamily building in Los Angeles. The asset sold for $36 million, which equates to...
Arbor Place Apartment Homes

Cushman & Wakefield arranges sale and financing of 206-unit apartment community in Jacksonville, FL

Cushman & Wakefield has arranged the sale of Arbor Place Apartment Homes, a 206-unit multifamily property in Jacksonville. Located in the fast-growing Southside submarket, the asset presents significant value-add opportunity for the new-to-market buyer. Executive...

HUD awards nearly $2.2 billion to local homeless programs

U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced nearly $2.2 billion in grants to support thousands of local homeless assistance programs across the nation. HUD’s Continuum of Care grants will...
Sycamore on Main in Brockton

Construction is underway at Sycamore on Main in Brockton as MassHousing closes $4.7 million...

Construction is underway at Sycamore on Main in Brockton, as MassHousing has closed on $4.7 million in financing to an affiliate of NeighborWorks Housing Solutions. The MassHousing financing will allow NeighborWorks Housing Solutions to...
Guardian Arms Apartments

Institutional Property Advisors sells $26.2 million multifamily asset on Hollywood Boulevard in Los Angeles

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Guardian Arms Apartments, a 101-unit multifamily asset with 9,207 square feet of ground-floor retail between the Hollywood and Los...
Rockvale Apartments

Avison Young completes $7.5 million sale of 34-unit apartment property in Azusa, CA

Avison Young announced today the $7.5 million sale of Rockvale Apartments, a 34-unit, multifamily property located at 333 N. Rockvale Avenue in Azusa, CA (Los Angeles county). Avison Young’s Peter Hauser, Matt Hauser and Masa...
The Pearl on Wilshire

Institutional Property Advisors closes luxury mixed-use asset sale in LA’s Koreatown

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of the Pearl on Wilshire, a seven-story, 346-unit multifamily property with 7,813 square feet of retail on Wilshire Boulevard in Los Angeles’ Koreatown neighborhood. The complex sold for $170,875,000, which represents $493,858 per apartment unit. “Over the...
7070 Sheridan

Interra Realty brokers $3.5 million multifamily sale in Chicago’s Rogers Park Neighborhood

Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it brokered the sale of 7070 N. Sheridan Road, a 24-unit rental community in Chicago’s Rogers Park neighborhood that overlooks Loyola Park...
Elmwood Park Plaza

Historic Downtown Detroit mixed-use high-rise apartment and penthouse community to be fully redeveloped this...

Detroit-based City Club Apartments, a 100-year-old mixed-use multifamily pioneer, broke ground on the redevelopment of the formerly named Elmwood Park Plaza, an innovative and progressive 18-story apartment community built by Toby and David Hotlzman...
Hanover Cambridge Park

CBRE sells Hanover Cambridge Park to Guardian Life

CBRE announced the sale of Hanover Cambridge Park located at 80 Cambridge Park Drive in Cambridge, Massachusetts, to Guardian Life. CBRE Capital Markets’ multihousing experts Simon Butler and Biria St. John exclusively represented the seller,...
930 North Blvd

Kiser Group brokers 930 North Blvd. in Oak Park for $8.3 million

Kiser Group, Chicago’s leading multifamily brokerage firm, recently brokered 930 North Blvd., a 48-unit, 7-story property in Oak Park, Illinois, for $8,300,000. Kiser Group’s Matt Halper and Marco Cesario represented the buyer Goldman Investments...
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