Monday, May 12, 2025

Deal boom

Apartment deals, mergers and acquisitions

Aspire Residences

Draper and Kramer tops off and reveals name of 275-unit apartment tower in Chicago’s...

Draper and Kramer, Incorporated, yesterday celebrated the topping-off of its new 24-story, 275-unit apartment tower at 2111 S. Wabash Ave. in Chicago’s South Loop. Called Aspire Residences, the transit-oriented development—located less than a block...

Newmark Knight Frank Multifamily closes final sale of $14,160,000 Jacksonville portfolio

Newmark Knight Frank Multifamily announces the $6.71 million sale of the 122 West Portfolio, a 5 property, 122-unit portfolio in Jacksonville, FL. This sale completes a 254-total unit acquisition by JTA Real Properties brokered by...
Gramercy Hollywood

Stepp Commercial completes $10.7 million sale of Gramercy Hollywood a 28-unit apartment property in...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $10.7 million sale of Gramercy Hollywood, a 28-unit apartment property located at 1836 N. Gramercy Place in one of...

BLT Enterprises sells fully entitled apartment site in West Los Angeles for $13.75 million

BLT Enterprises, a multi-faceted real estate investment company based in Santa Monica, California, has sold a former gas station and parking lot in Los Angeles, California for $13.75 million. BLT, with the help of their...

Marcus & Millichap arranges the sale of a 12-unit apartment building in Eustis, Florida

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Bayside Condos, a 12-unit apartment property located in Eustis, FL,...

Cushman & Wakefield arranges $50.5 million multifamily portfolio sale for Freeman Webb Co.

Cushman & Wakefield has arranged the $50.5 million sale of a five-property portfolio of value-add properties totaling 667 units located throughout Tennessee. Robbie O’Bryan and Brad Boston of Cushman & Wakefield represented the seller,...
Infinity Shore Club Residences

JLL raises capital for Seattle luxury waterfront residential project

JLL announced today that it has raised capital totaling $43.5 million for the development of Infinity Shore Club Residences, a 40-unit, luxury, for-sale residential project in the desirable Alki Beach neighborhood of Seattle, Washington. JLL...
Pierside North

JLL arranges $50 million financing for Pierside

JLL announced that it has arranged $50 million in financing for Pierside, a two-building, mixed-use property with 176 residential units and approximately 17,000 square feet of retail space in the coastal Southern California community...
Eastridge Estates

JLL closes $11.25 million sale, $14.4 million financing of Minnesota apartments

JLL announced that it has closed the $11.25 million sale and $14.4 million financing of Eastridge Estates, a 126-unit apartment community in Rochester, Minnesota. JLL marketed the property exclusively on behalf of the seller, Eastridge...

Aztec Group arranges $142 million in debt financing for Melo Group’s 667-unit Art Plaza

Aztec Group, Inc., Florida’s leading real estate investment and merchant banking firm for the past 38 years, announces that Peter Mekras, President of Aztec Group, has arranged $142 million in debt financing for Art...
Alister Nanuet

Mill Creek completes seventh acquisition of past year

Mill Creek Residential, a leading multifamily investor, developer, and operator specializing in premier apartment communities across the U.S., announced the acquisition of Alister Nanuet, which marks the company’s seventh acquisition of the previous 12...
571 Revere Street, Revere

MassHousing commits $7.9 million in financing for new, 51-unit mixed-income rental housing community in...

MassHousing has committed $7.9 million in affordable housing financing to the non-profit The Neighborhood Developers (TND) for the construction of the 571 Revere Street in Revere. The MassHousing financing will allow The Neighborhood Developers...
Alta Easterly

CBRE finances acquisition of 157 units in Walpole, Massachusetts

CBRE announced today that it has secured $37,200,000 in financing to assist with the acquisition of Alta Easterly, a 157-unit apartment community located at 1100 Cricket Lane in Walpole, Massachusetts. John C. Kelly and Collin...

Terra to create new multifamily apartment community on 70-acre site in northwest Miami-Dade County

As demand for market rate housing in South Florida grows and savvy developers look to shift density to high-lying ground with an eye toward climate resilience, Terra has finalized plans to build more than 1,369...

Marcus & Millichap sets price per unit record with $14,500,000 sale of 72-unit apartment...

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Sand Cove Apartments, a 72-unit apartment property located in St....
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