Thursday, September 19, 2019

Deal boom

Apartment deals, mergers and acquisitions

Cushman & Wakefield’s arranges $27.45 million multifamily sale for Panther Residential Management

Cushman & Wakefield has arranged the $27.45 million sale of Fern Parc, a 343-unit apartment community located in Huntsville, Alabama. Jimmy Adams and Craig Hey of Cushman & Wakefield’s Birmingham, Alabama, office represented the...

CBRE handles sale of Summerly at Zanjero apartments for $78.5 million

CBRE has arranged the sale of the 340-unit Class A multifamily community Summerly at Zanjero on behalf of Fore Property to a private investor for $78.5 million. CBRE’s Tyler Anderson, Sean Cunningham, Asher Gunter and...

Levin Johnston directs two property trades totaling $28.6 million in California Bay Area

Levin Johnston of Marcus and Millichap, one of the top multifamily brokerage teams in the U.S. specializing in wealth management through commercial real estate investments, has successfully directed the acquisition of a newly renovated...

$23.1 million apartment complex trades in Columbia, S.C

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Wellington Farms, a 236-unit apartment complex in Columbia, South Carolina....

Anaconda Capital Group, LLC acquires two Glendale, Arizona apartment communities for $4.66 million

CBRE announced the Anaconda Capital Group, LLC has acquired two multifamily properties in Glendale, Arizona totaling $4.66 million. Brian Smuckler, Jeff Seaman, Derek Smigiel and Bryson Fricke of CBRE in Phoenix arranged the sales on...

Fore Property announces sale of Rivage Residential Community in Portland metro area

Fore Property (‘Fore’), one of the country’s top 20 largest multifamily developers, today announced the sale of Rivage, a 260-unit apartment community in Portland, Oregon, to Magnolia Capital. Rivage was stabilized at the time of...

Cushman & Wakefield arranges $61 million sale of The Barrington of Carmel

Cushman & Wakefield has negotiated the sale of The Barrington of Carmel, a 267-unit, entrance-fee continuing care retirement community (CCRC) in the Indianapolis suburb of Carmel, one of the wealthiest and fastest-growing cities in the Midwest. The...

JLL closes $103.45 million sale of 500 Harbour Island in Tampa

JLL announced today that it has closed the $103.45 million sale of 500 Harbour Island, a 235-unit, luxury high-rise community in Tampa. JLL marketed the property on behalf of the seller, a joint venture between...

McShane Construction Company completes new supportive housing complex in Suburban Cook County

McShane Construction Company is pleased to announce the completion of Heart’s Place Apartments, a supportive housing complex in Arlington Heights, Illinois, completed on behalf of the Housing Opportunity Development Corporation and repeat client, UP...

Financing secured, vertical construction underway for Downtown Nashville mixed-use community

This week, The Beach Company announced vertical construction is officially underway at the site of Sixth South, a planned mixed-use community on the south side of downtown Nashville’s SoBro neighborhood. The announcement comes on...

Cushman & Wakefield represents Symcor Capital Partners in $15.2 million sale of Tampa Bay...

Cushman & Wakefield has arranged the sale of The Park at Ashley Place, a 143-unit, garden-style apartment community located approximately 30 miles north of Tampa in New Port Richey. The value-add property sold for...

Colliers International South Florida arranges $4.8 million multifamily sale

With South Florida’s appeal continuing to attract out-of-state investors, Colliers International South Florida’s Associate Virgilio Fernandez, Director Mitash Kripalani, Associate and Analyst Julian Zuniga and Executive Director Gerard Yetming recently closed on the $4.8...

KTGY Architecture + Planning unveils details behind the design of Grid Apartments in Downtown...

KTGY Architecture + Planning, an international award-winning architecture firm, today revealed details behind the design of Grid, a 175-unit rental community located in downtown Indianapolis. Developed by Milhaus, the five-story development at 520 E....

Kiser Group brokers 64-unit condo deconversion in Uptown for $12.5 million

Kiser Group, Chicago’s leading multifamily brokerage firm, recently brokered Dover Court Condominiums for $12.5 million in a Section 15 deconversion sale. The buyer, Neriel Lagoon LLC, acquired the property and will convert all of...

Merchants Capital secures HUD-insured construction loan for development in Mequon, Wisconsin

Mortgage banking firm Merchants Capital has provided a construction loan and permanent financing for Spur 16, a 156-unit, mixed-use development in Mequon, Wisconsin. As the lender, Executive Vice President Lee Oller and Senior Vice President Susan...
Do NOT follow this link or you will be banned from the site!