News

Accent 2050

Cushman & Wakefield arranges sale on behalf of Westplan Investors

Cushman & Wakefield has arranged the sale of Accent 2050, a 198-unit apartment community located in Atlanta. Robert Stickel, Mike Kemether and Alex Brown of Cushman & Wakefield represented the seller, Atlanta-based Westplan Investors,...
Port Royale

Institutional Property Advisors completes Southern Arizona multifamily sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Port Royale, a 252-unit multifamily property in Sierra Vista, Arizona. The asset sold for $30 million, which represents $119,048 per...
Valora at Homewood

Acquisition financing and equity raised for Valora at Homewood

JLL Capital Markets announced that it has arranged acquisition financing and sourced new equity for the Valora at Homewood multihousing property near Birmingham, Alabama. JLL worked on behalf of the borrower, Brick Lane LLC, to...
The Lexington

$21.65 million in refinancing secured for The Lexington apartments in Hoboken

JLL Capital Markets announced that it has arranged $21.65 million in refinancing for The Lexington, a multihousing community consisting of 50 apartments across two, five-story buildings in Hoboken, New Jersey. JLL worked on behalf of...
Chateau Woods

Sack Properties acquires Chateau Woods apartments in Woodinville, Washington

Sack Properties (Sack), a 62-year-old, San Francisco-based real estate investment and management firm with a $750 million portfolio of approximately 2,500 multifamily units throughout the Western United States, announced the acquisition of Chateau Woods,...
Sierra Vista Apartments

Tower 16 Capital Partners acquires Sierra Vista apartments in Tucson, Arizona

San Diego-based Tower 16 Capital Partners, in partnership with Drake Real Estate Partners, has acquired Sierra Vista Apartments, a 258-unit multifamily project in Tucson, Ariz. The property was acquired from a private seller in...
Seventeen 805 Apartments

ABI Multifamily brokers Northeast Phoenix, Paradise Valley apartment community for $29.75 million

ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western U.S., is proud to announce the $29,750,000 / $215,580 per Unit / $218.34 per SF sale of the Seventeen 805 Apartments, a 138-unit property in Phoenix, AZ. Built in...
1066 Coronado Avenue

Stepp Commercial completes $2.4 million sale of 8-unit apartment property in Eastside Submarket of...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the approximately $2.4 million sale of an eight-unit apartment property located at 1066 Coronado Avenue in Long Beach, CA. Principal Robert...
Residence at SouthPark

Investor buys Charlotte’s Residence at SouthPark

JLL Capital Markets announced that it has closed the sale of the 150-unit Residence at SouthPark multihousing property located at 4300 Sharon Rd. in the SouthPark submarket of Charlotte. JLL closed the property sale from...
video

Rate Desk Wednesday, November 25, 2020

 November 25, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Happy Thanksgiving! Window closing to lock in your rates as agencies are shifting to the new 2021 matrix. Rate Desk notes November...
26-989 Las Posas Monument

Raintree Partners acquires portfolio of five Southern California multifamily properties totaling 551 units for...

Raintree Partners, an Orange County, California-based private commercial real estate investment company, has acquired a portfolio of five multifamily communities in Southern California, totaling 551 units, from a private seller for $142 million. The properties...
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Power Hitters with Greg Pinkalla

 Yield PRO TV presents NAHB Power Hitters. Host Linda Hoffman talks with Greg Pinkalla, Chairman and CEO of Fairfield Residential.
4040 S Prairie

Interra Realty brokers $1.07 million sale of eight-unit apartment building in Chicago’s Bronzeville neighborhood

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $1.07 million sale of 4040 S. Prairie Ave., an eight-unit apartment building in Chicago’s Bronzeville neighborhood. The price per unit...
Riata

Institutional Property Advisors brokers $91 million multifamily sale in suburban Phoenix

Institutional Property Advisors (IPA), a division of Marcus & Millichap,  announced the sale of Riata, a newly constructed, 300-unit apartment complex in Chandler, Arizona. The property sold for $91 million, or $303,333 per unit. “The...
Tealwood Parke

Cushman & Wakefield arranges $16.74 million sale of Tealwood Parke

Cushman & Wakefield announced that the real estate services firm has arranged the sale of Tealwood Parke, a 108-unit apartment community located in Winter Park, Florida. The final sale price was $16.74 million. Mike Donaldson...
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