Thursday, November 14, 2019

Deal boom

Apartment deals, mergers and acquisitions

Construction complete on University of Colorado Boulder’s newest and largest residence hall Williams Village...

The new Williams Village East residence hall at the University of Colorado Boulder proudly welcomed its first students in August for the fall 2019 semester. The 178,000-square-foot residence hall, the university’s largest, houses a...
The Riviera

Avison Young completes $16.76-million portfolio sale of two value-add apartment properties totaling 72 units...

Avison Young, the world’s fastest-growing commercial real estate services firm, announced today it has completed the $16.76-million portfolio sale of The Riviera and Rainbow Gardens, two nearby apartment properties totaling 72 units in Azusa,...
Arcadia’s Edge

West Shore acquires Class A luxury asset in South Carolina

West Shore LLC, a fully integrated, multifamily real estate investment firm, today announced the acquisition of Arcadia’s Edge, a 204-unit luxury residential community in Columbia, South Carolina.  The top-tier, Class A asset, which offers...
University Apartments

Magma Equities acquires 199-unit apartment community in Raleigh, NC

Multifamily investment firm Magma Equities has made its third investment in the Raleigh-Durham MSA this year, with the off-market acquisition of a 199-unit garden style apartment community in downtown Raleigh, NC. University Apartments is located...
The Suites on Lincoln

Stepp Commercial completes $4.05 million sale of The Suites on Lincoln in Santa Monica,...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $4.05 million sale of The Suites on Lincoln, located at 911 Lincoln Boulevard, just south of stylish Montana Avenue...
Bel Aire Court Apartments

Trion Properties successfully sells two upgraded west coast multifamily assets totaling 108 units

Trion Properties, a private equity real estate firm that specializes in value-add multifamily investments along the west coast, recently sold two renovated multifamily communities totaling 108 units in Los Angeles, California, and Beaverton, Oregon,...
Springdale Apartments

JLL arranges financing for Milwaukee-area apartments

JLL announced today that it has arranged financing for Springdale Apartments, a 199-unit apartment community located in the Milwaukee suburb of Waukesha, Wisconsin. JLL worked on behalf of the sponsor, Spaulding Group, to secure the...

Cushman & Wakefield arranges $54.25 million sale for Newport Development Partners

Cushman & Wakefield has arranged the $54.25 million sale of 464 Bishop, a 232-unit apartment community located in Atlanta. Chris Spain, Robert Stickel and Alex Brown of Cushman & Wakefield represented the seller, Newport...
RealPage

RealPage to acquire Buildium

RealPage, Inc. announced on November 6  that it has agreed to acquire Buildium LLC, a leading SaaS real estate property management solution provider targeting smaller multifamily, single-family, Associations (HOA and Condo) and commercial real...
Edison at RiNo apartments, Denver

JLL arranges $60.3M financing for Denver apartment complex

JLL announced today that it has arranged a $60.3 refinancing for Edison at RiNo, a newly constructed, 277-unit multihousing complex in Denver’s RiNo neighborhood. JLL worked on behalf of the borrower, Clarion Partners, LLC, to...
Brunsfield North Loop

Greystone provides $10.8 million in Fannie Mae DUS financing for Minneapolis multifamily acquisition

Greystone, a leading national commercial real estate lending, investment and advisory company, announced it has provided a $10.8 million Fannie Mae Delegated Underwriting and Servicing (DUS) loan for the purchase of Brunsfield North Loop,...

Kiser Group brokers three West Ridge apartment buildings for $6.5 million

Kiser Group, Chicago’s leading multifamily brokerage firm, recently brokered three West Ridge apartment buildings in separate transactions. 6300 N. Leavitt sold for $3,000,000, 6515 N. Seeley sold for $2,650,000, and 2737 W. Glenlake sold...

McShane Construction Company to build 259 multifamily units in the Western Chicago Suburb of...

Warrenville, Illinois will soon benefit from a new multifamily community. Atlantic Residential has selected McShane Construction Company to construct a 259-unit, multi-building residence that will be known as Everton Flats. The property will incorporate...

Another 147 micro apartments planned for Austin

Transwestern Development Co. (TDC) today announces the acquisition of a 0.56-acre site at 817 W. 12th St. in Austin, Texas, to develop its third micro-unit community in the market. Located across from the newly...

StreetLights Residential announces first Arlington development with groundbreaking at Viridian

StreetLights Residential, a national design-driven developer of multifamily and mixed-use communities based in Dallas, recently broke ground on The Jackson, its first luxury multifamily community in Arlington. The development will be part of Viridian,...
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