AUSTIN, TEXAS — JLL Capital Markets has brokered the sale of 3Waller, a 259-unit property in downtown Austin. Placemakr purchased the asset from Transwestern for an undisclosed price. Ryan McBride, Robert Arzola, Robert Wooten, Alex Fernandes and Nick Beardslee of JLL represented the seller in the deal. 3Waller was built in 2022. The complex offers studio, one- and two-bedroom micro-units that have an average size of 467 square feet.
TAMPA, FLA. — American Landmark Apartments has acquired The Pointe on Westshore, a 444-unit community in the Westshore Marina District of Tampa. The seller and sales price were not disclosed. Situated at 4950 W. Prescott Street, The Pointe on Westshore was built in 2021. The property includes 13 five-story buildings and two-story townhomes. Units come in one-, two- and three-bedroom floor plans. Amenities include a pool, fitness center, pet spa, business center and barbecue and picnic area.
DES MOINES, IOWA — A partnership between ARTISAN Capital Group and Eastham Capital has acquired Cityville on 9th, a 312-unit community located in downtown Des Moines. The property was built in three phases between 2015 and 2018. ACG secured Fannie Mae loan assumptions for two of the phases at very attractive interest rates. West Bank, a local bank, provided financing for the third phase. The sale price and seller were not disclosed. Cityville on 9th offers 42 studios, 162 one-bedroom, 99 two-bedroom and 9 three-bedroom units. Amenities include a pool, …
COSTA MESA, CALIF. — CBRE has brokered the sale of a 12-unit multifamily property at 1993 Church Street in the Eastside neighborhood of Costa Mesa. The property also features two approved Accessory Dwelling Units. The community traded hands for $5.8 million. The buyer and seller were not disclosed.
COSTA MESA, CALIF. — CBRE has negotiated the sale of a property located at 122 Magnolia Street in the Eastside neighborhood of Costa Mesa. Dan Blackwell and Mike O’Neill brokered the deal. The non-exchange buyer was based in Orange County, while the seller was a private investor headquartered in Newport Beach, California. Built in 1961 on a 4,028-square-foot lot, the property comprises four one-bedroom units. Each apartment is separately metered for gas and electricity and comes with one designated parking space. The community also features a laundry area with coin-operated …
MARTINSBURG, W.VA. — Berkadia has arranged the sale of The Meadows at Berkeley Ridge, a 148-unit build-to-rent (BTR) complex located at 368 Pineda Lane in Martinsburg. The buyer was a joint venture between DSP Real Estate Capital and Rockbridge Investment Group. The sales price and seller were not disclosed. Brett Moss, Tyler Swidler, Drew White, Carter Wood and Cole Carns of Berkadia brokered the deal. Additionally, Phil Branigan, Miles Drinkwalter and Natalie Revers of Berkadia originated a 10-year, fixed-rate Fannie Mae acquisition loan on behalf of the buyer. The Meadows …
COSTA MESA, CALIF. — CBRE has arranged the sale of a six-unit property located at 2666 Orange Ave. in the Eastside neighborhood of Costa Mesa. The asset traded hands for $3.2 million. The community was built in phases in 1954, 1956 and 1965. The property comprises five buildings totaling 4,500 square feet on a 0.4-acre lot. The unit mix includes three detached two-bedroom bungalows, a pair of two-bedroom duplex units and one single-family detached residence. Dan Blackwell and Mike O’Neill represented both the buyer and the seller in the transaction. …
WESTFORD, MASS. — Adirondack Capital Partners has negotiated the sale of Abbot Mill, a 234-unit property in the northwestern Boston suburb of Westford. Aker purchased the asset from an undisclosed local developer for $102.5 million. Michael Hunter Coghill and David Johnson of Adirondack Capital Partners brokered the deal. Abbot Mill is the first phase of the redevelopment of a historic mill, which was originally built in the 1870’s, according to Apartments.com. The community offers one- and two-bedroom apartments. Amenities include a fitness center, business center, clubhouse and a lounge.
AUSTIN, TEXAS — Northmarq has negotiated $23.6 million in acquisition financing for The District at SoCo, a 215-unit property located near Austin’s downtown area. Located at 501 E. Oltorf Street, The District at SoCo offers amenities such as a pool, fitness center, dog park, outdoor kitchen and Amazon package lockers. Jesse Lemos of Northmarq’s Nashville Debt and Equity team brokered the loan through the company’s in-house Fannie Mae team. The loan was structured on a 5-year term. The borrower was not disclosed.
NEW YORK CITY — Marcus & Millichap has brokered the sale of 194 East 2nd Street, a 62-unit community in the East Village neighborhood of Manhattan. Skyline Developers sold the asset to Benchmark Real Estate Group for $43 million. Skyline Developers originally bought the community in 2000. Joe Koicim, Logan Markley and Matt Berger of Marcus & Millichap represented the seller and procured the buyer in the deal. 194 East 2nd Street comprises 77,000 square feet, including 10,000 square feet of ground floor retail space. The unit mix includes four …
