Investment Sales

La-Roca-Plaza-Santee
CaliforniaInvestment SalesNewsWestern

CBRE Arranges $26.5M Sale in Metro San Diego

by Lynn Peisner

SANTEE, CALIF. — CBRE has arranged the $26.5 million sale of La Roca Plaza, a 100-unit property located at 10032 North Magnolia Ave. in Santee, about 20 miles northeast of San Diego. CBRE’s Conor Brennan and Rachel Parsons represented both the buyer and seller in the transaction. The parties were doing business as Casa La Roca Apartments LLC and La Roca Plaza LP. Situated on 4.6 acres, La Roca Plaza offers a mix of one-, two- and three‑bedroom floor plans. Amenities include a pool, playground, central courtyard, on-site laundry, high-speed …

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Rise-120-Georgetown
Investment SalesNewsTexas

Machine Investment Group Buys Rise 120 in Georgetown, Texas

by Lynn Peisner

GEORGETOWN, TEXAS — Machine Investment Group (MIG), a New York City-based investment firm, has acquired Rise 120, a 227-unit community in Georgetown, 26 miles north of Austin, Texas. The property, which opened in 2024, also includes 15,000 square feet of retail. MIG partnered with San Diego-based Alta Real Estate Partners on the deal. Walker & Dunlop represented the undisclosed seller. MIG plans to add amenities, such as a golf simulator, sauna and cold plunge. Existing amenities include a pool, fitness center, resident lounge, a grill area and a dog park.

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Panther-Riverside-Park-Atlanta
GeorgiaInvestment SalesNewsSoutheast

Marcus Partners, ECI Buy Panther Riverside Parc in Atlanta

by Lynn Peisner

ATLANTA — Marcus Partners and ECI Group have partnered to acquire Panther Riverside Parc, a 280-unit community in the Sandtown submarket of Atlanta, which is approximately 14 miles west of downtown. The deal was sourced directly from the seller, Panther Residential. The sales price was undisclosed. Panther Riverside Parc was developed in 2010. Boston-based Marcus Partners and Atlanta-based ECI are planning upgrades during the hold. ECI will manage the community, which features a clubhouse, pool with cabanas, a fitness center, a playground and more. According to the property website, monthly …

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Vista-View-Charleston
Affordable HousingInvestment SalesNewsSoutheastWest Virginia

MMG Property Advisors Arranges Charleston, West Virginia, Affordable Housing Trade

by Lynn Peisner

CHARLESTON, W.V.A. — MMG Real Estate Advisors has arranged the sale of Vista View, a 333-unit affordable housing community located at 1300 Renaissance Circle in Charleston. The transaction was handled by MMG’s Kyle Shoemaker and Bill Brading. Vista View is a Housing Assistance Payment (HAP) and Low-Income Housing Tax Credit (LIHTC) property that was sold by Ten South Management. MMG arranged a capital structure that allows the undisclosed buyer to acquire and renovate the property via financing arranged through KeyBank.

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The-Grove-at-Piscataway
Company NewsInvestment SalesNew JerseyNewsNortheast

Former Gebroe-Hammer Execs Launch Advisory Firm, Close First Deal

by Lynn Peisner

WEST ORANGE, N.J. — David Oropeza and David Jarvis, former executives at Livingston, New Jersey-based brokerage firm Gebroe-Hammer, have founded ICON Real Estate Advisors. The new multifamily investment sales firm has arranged its debut transaction with the $35.1 million trade of The Grove at Piscataway, a 110-unit property in Piscataway. The asset, developed in 2020, was 100 percent occupied at the time of the sale. ICON represented the undisclosed seller in the deal and sourced a buyer that was completing a 1031 exchange. Oropeza spent 38 years at Gebroe-Hammer Associates. …

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520-W.-Stratford-Place-&-525-W.-Cornelia-Ave-Chicago
IllinoisInvestment SalesMidwestNews

JAB Real Estate Buys Vintage Chicago Property for $14M

by Lynn Peisner

CHICAGO — Interra Realty has arranged the $14 million sale of a 50-unit multifamily property in Chicago’s Lakeview neighborhood. Interra’s Joe Smazal represented the buyer, JAB Real Estate. Smazal also represented the confidential seller. This is the first time the asset, built in 1927, has traded hands in 20 years. The community features 13 studio, 24 one-bedroom, one three-bedroom and six four-bedroom layouts. Recent renovations to some units include hardwood flooring, updated bathrooms and new kitchens with granite countertops and stainless-steel appliances. Residents also have access to an on-site fitness …

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Boston Bay Dorchester
Affordable HousingDevelopmentInvestment SalesMassachusettsNewsNortheast

HVPG Acquires, Will Rehab Two Boston Properties for $52.5M

by Lynn Peisner

BOSTON — New York City-based affordable housing firm Hudson Valley Property Group (HVPG) has acquired Boston Bay and Hope Bay, two adjacent affordable housing communities in the Dorchester neighborhood of Boston. The deal marks HVPG’s first in Massachusetts. The properties, located at 205 Magnolia St. (Boston Bay) and 5 Norwell St. (Hope Bay), consist of 20 buildings across two sites originally constructed between 1890 and 1920. Total project costs related to this preservation project are approximately $52.5 million, funded with a Fannie Mae loan provided by KeyBank. HVPG is planning …

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Oxbow-Hill-Country-Boerne
Investment SalesNewsTexas

Oxbow Hill Country in Boerne, Texas, Sells to Steadfast Cos.

by Lynn Peisner

BOERNE, TEXAS — Brixton Capital, based out of Solana Beach, California, has sold Oxbow Hill Country in Boerne, a city 31 miles northwest of San Antonio. The buyer was Irvine, California-based Steadfast Cos. The 172-unit property was built in 2003 and features 132,736 rentable square feet across 6.8 acres. The garden-style community includes nine buildings with a unit mix ranging from one- to three-bedroom floor plans. The property was 92 percent occupied at the time of the sale. More than 80 percent of units remain in original condition since construction. …

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DevelopmentFinanceInvestment SalesNew YorkNewsNortheast

Tavros Acquires Undeveloped Full-Block Manhattan Site for 600-Unit Project

by Lynn Peisner

NEW YORK CITY — Tavros, a locally based private investor and developer, has acquired 250 Water Street, a 1-acre site in Manhattan’s Seaport neighborhood for $143 million. Tavros is planning to build a ground-up, 600-unit multifamily project on the land. Twenty-five percent of the units will be offered at to-be-announced affordable monthly rents. The community will be anchored by four floors of retail. Fogarty Finger is the architect. A construction timeline was not disclosed. JLL represented the undisclosed seller in the deal and advised Tavros on a pre-development loan provided …

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boulders-north-chesterfield-va
Investment SalesNewsSoutheastVirginia

Berkadia Arranges Metro Richmond Sale

by Lynn Peisner

NORTH CHESTERFIELD, VA. — Dominion Realty Partners has sold Boulders Lakeview, a 212-unit property in North Chesterfield, approximately 11 miles west of Richmond, Virginia. Drew White, Carter Wood, Cole Carns and Matt Straughan of Berkadia Richmond arranged the transaction on behalf of the seller. American Landmark of Tampa, Florida, acquired the property for an undisclosed sum. Located at 1501 Boulder Spring Terrace, Boulders Lakeview is a 2023-built, garden-style property offering a mix of one- and two-bedroom units. Amenities include a resort-style pool with a firepit lounge and cabanas, a clubhouse, …

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