Tuesday, May 7, 2024

News

Howard Theater Building

Becovic adds iconic Howard Theater Building in Rogers Park to its portfolio

Becovic, a Chicago-based multifamily owner and operator, has added The Howard Theater Building to its Rogers Park portfolio. The mixed-use property at 1615-43 W. Howard Street sold for $7,500,000 and was brokered by Becovic...
Avalon Tinton Falls

JLL closes sale of Avalon Tinton Falls in Monmouth County

JLL Capital Markets announced that it has closed the sale of Avalon Tinton Falls, a 216-unit, Class A garden-style apartment property in Tinton Falls, Monmouth County, New Jersey. JLL marketed the property exclusively on behalf...
Alexan 335

CP Capital US and Trammell Crow Residential announce sale of Alexan 335 project in...

A joint venture of CP Capital, a highly disciplined U.S. real estate manager specializing in multifamily investments, and Trammell Crow Residential (TCR), a premier multifamily real estate company with nearly 40 years of experience...
The Moderne at Providence

Cushman & Wakefield arranges multifamily sale on behalf of RAS Realty Partners

Cushman & Wakefield announced the commercial real estate services firm has arranged the sale of The Moderne at Providence, 300-unit apartment community located in Huntsville, Alabama. Jimmy Adams and Craig Hey of Cushman & Wakefield...
The Grove on Glendale

Next Wave acquires newly built luxury community in Phoenix for $25.5 million

Next Wave Investors, LLC (“Next Wave”) a private equity firm focused on value-add multifamily investments, acquired The Grove on Glendale, a new 56-unit luxury townhome community in North Central Phoenix, Arizona for $25.5 million...

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,...

The Donaldson Group takes over management of 625 apartments in Richmond and Norfolk, VA

The Donaldson Group (TDG) of Rockville, MD has continued to expand southward beyond its base in the Washington, DC metro area, adding 625 units to its current 11,000-unit multifamily management portfolio. The company has...
Somerset

Institutional Property Advisors completes apartment property sale in suburban Dallas-Fort Worth

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Somerset, a 372-unit multifamily asset in Lewisville, Texas. “The Lewisville submarket has experienced strong multifamily fundamentals, including average occupancy of 95.6...
Marquee

Sale of multihousing community in Minneapolis closes for $61.6 million

JLL Capital Markets announced that it has closed the $61.6 million sale of Marquee, a 231-unit, mid-rise multihousing community located in the Loring Park neighborhood of Minneapolis, Minnesota. JLL represented the seller, Reuter Walton Development. KC...
Livingston Apartment Flats

Capital Square 1031 acquires another newly constructed, trophy multifamily community in Greater Richmond, Virginia

Capital Square 1031, a leading sponsor of Delaware statutory trust (DST) offerings for 1031 exchange and other accredited investors, announced the acquisition of Livingston Apartment Flats, a Class A, 307-unit multifamily community in the...

$91.5 million Northern California apartment asset sold by IPA

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Sora Apartments, a 250-unit multifamily asset in Union City, California. The property sold for $91.5 million. “Sora’s location near the...
4000 Hulen

Institutional Property Advisors brokers apartment asset sale in Fort Worth

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of 4000 Hulen, a 240-unit apartment asset in Fort Worth, Texas. “Built in 2015, the property performed exceptionally well over the past...
Station at Town Madison

Cushman & Wakefield arranges sale on behalf of Tynes Development

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of The Station at Town Madison, a 274-unit apartment community located in Huntsville, Alabama. Jimmy Adams and Craig Hey of...
Seminole Village Apartments

Marcus & Millichap arranges the sale of a 56-unit apartment building in Seminole, Florida

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Seminole Village Apartments, a 56-unit apartment property located in Seminole,...
The Village at Compass Pointe

Cushman & Wakefield arranges $62 million construction financing for 268-unit multifamily development

Cushman & Wakefield announced that the real estate services firm served as the exclusive advisor to SR Real Estate Partners and Circle Squared Alternative Investments in the procurement of $62,000,000 in construction financing for...
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