Wednesday, July 17, 2019

Deal boom

Apartment deals, mergers and acquisitions

Lakewood Ranch’s newest apartment community offers spaciousness, luxury and walkability

SPM, LLC announces the opening of the Leasing Center for Residences at The Green, Lakewood Ranch’s newest luxury apartment community slated to open October 2019.  Bringing luxury and innovation to this master-planned community, Residences...

Historic warehouse to be converted to multifamily units in Baltimore, Maryland

Transwestern Commercial Services (TCS) today announces its Mid-Atlantic Multifamily Group has been named the exclusive advisor for the adaptive reuse of the 138,000-square-foot historic warehouse at 1901 Light St. in Baltimore. The project could...

Metonic Real Estate Solutions acquires Amarillo’s Rock Island Apartments

Metonic Real Estate Solutions is pleased to announce that Rock Island Apartments in Amarillo, Texas has officially joined its growing portfolio of lifestyle communities. The 360-apartment home property covers nearly eight acres in a...

Mayor London Breed and community members celebrate groundbreaking of new affordable housing by the...

Mayor London N. Breed, Supervisor Aaron Peskin, and community leaders today celebrated the joint groundbreakings of 88 Broadway and 735 Davis near The Embarcadero. Together, the buildings will provide 178 new permanently affordable homes...

Merchants Capital secures funding for moving forward 2.0 workforce housing development in Lafayette, Indiana

Mortgage banking firm Merchants Capital has secured funding for a new 32-unit workforce housing development in Lafayette, Indiana. This development is part of the state of Indiana’s Lieutenant Governor’s office as a Moving Forward 2.0...

The Opus Group announces start of construction on student housing project near the University...

The Opus Group (Opus), announced today the start of construction on a new three-story, mixed-use student living community on the edge of the University of Kansas campus – further advancing its development presence in...

Skyline LLC and ND Consulting acquire Silver City Apartments for $8.9 million

Affordable Housing Investment Brokerage recently brokered Silver City Apartments, in Kansas City, Kansas for $8,900,000. Dan Piatkowski with Affordable Housing Investment Brokerage, Inc. worked collectively with the buyer and seller to complete the transaction. ...

Stepp Commercial completes $2.37 million sale of eight-unit apartment property in Hollywood’s Media District

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the approximately $2.37 million sale of an eight-unit apartment property located in the heart of Hollywood’s Media District at 842...

Cushman & Wakefield arranges $35 million sale of Wildewood Downs​

Cushman & Wakefield has negotiated the sale of Wildewood Downs, a 248-unit, entrance-fee continuing care retirement community in Columbia, South Carolina. The Tampa, Florida-based Cushman & Wakefield Senior Housing team of David Kliewer, Paul Carr and Allen McMurtry represented an affiliate of...

Comptroller DiNapoli, Mayor Palmieri, Doyle Hardware Building LLC, CPC & Empire State Development celebrate...

The Community Preservation Corporation (CPC) joined New York State Comptroller Thomas P. DiNapoli, Senior Advisor to Governor Cuomo for Upstate Economic Development John Maggiore, Utica Mayor Robert Palmieri, the development partners of Doyle Hardware...

Cushman & wakefield arranges $35 million sale of Wildewood Downs

Cushman & Wakefield has negotiated the sale of Wildewood Downs, a 248-unit, entrance-fee continuing care retirement community in Columbia, South Carolina. The Tampa, Florida-based Cushman & Wakefield Senior Housing team of David Kliewer, Paul Carr and Allen McMurtry represented an affiliate of...

Construction is underway for the renovation of the 285-unit Millers River Apartments affordable housing...

MassHousing has provided $82 million in financing to the Cambridge Housing Authority(CHA) for the extensive renovation of the Millers River Apartments, a 285-unit affordable housing community serving lower-income households in Cambridge. The transaction will...

Gebroe-Hammer arranges two sales involving 72 apartment units in Union County, New Jersey

Gebroe-Hammer Associates has arranged two separate multi-family property sales for a combined $15.75 million totaling 72 units across Union County, N.J. The trades were orchestrated by Executive Vice Presidents Niko Nicolaou and David Jarvis...

Stepp Commercial completes $12.55 million sale of Parc Regency, a 44-unit apartment property in...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $12.55 million sale of Park Regency, a two-story 44-unit apartment property located at 7500 Mason Avenue in Winnetka, CA....

Stepp Commercial completes $8.5 million sale of 14-unit apartment property in Santa Monica, CA

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $8.5 million sale of an 85 percent occupied 14-unit apartment property located at 833 20th Street in Santa Monica,...
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