Thursday, October 24, 2024
Read the Digital Magazines Subscribe to the Newsletter

Investment Sales

Chateau de Ville in Anaheim, California
CaliforniaInvestment SalesNewsWestern

Marcus & Millichap Brokers $79 Million Sale of Chateau de Ville in Anaheim, California

by Channing Hamilton

ANAHEIM, CALIF. — Marcus & Millichap has arranged the sale of Chateau de Ville, a 254-unit community in Anaheim. The asset traded hands for $79 million. Chateau de Ville was built in 1970 on a 9-acre site. The controlled-access property comprises 21 buildings and offers one- and two-bedroom floor plans. Amenities include a pool, clubhouse and fitness center. Tyler Leeson and Matt Kipp of Marcus & Millichap’s Orange County office represented the seller, a long-term partnership, and procured the buyer, a private investor.

Continue Reading
0 FacebookTwitterLinkedinEmail
ArizonaInvestment SalesNewsWestern

ABI Multifamily Brokers $2.1 Million Sale of Eight-Unit Community in Downtown Phoenix

by Channing Hamilton

PHOENIX — ABI Multifamily has arranged the $2.1 million sale of an eight-unit community located at 614-616 N.10th Ave. in Phoenix’s downtown area. The property was built in 1936 and 1954 and was renovated in 2023. Units come in one- and two-bedroom floor plans. Dallin Hammond, Mitchell Drake, Carson Griesemer, Tom Palestina, Andrew Arambula and Bryce Neagle of ABI represented the Arizona-based seller in the deal. Neither the buyer nor seller were disclosed.

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment SalesNew YorkNewsNortheast

Marcus & Millichap Brokers $9 Million Sale of 43-Unit Building in Queens

by Channing Hamilton

NEW YORK CITY — Marcus & Millichap has brokered the $9 million sale of a 43-unit building in the Astoria neighborhood of Queens. The property was originally constructed in 1941 and offers studio and one-bedroom units. The building comprises 34,000 square feet across six stories. Louis Zarif, Shaun Riney and Sean Fopeano of Marcus & Millichap represented the seller and procured the buyer. Both parties were private investors that requested anonymity.

Continue Reading
0 FacebookTwitterLinkedinEmail
IllinoisInvestment SalesMidwestNews

Essex Realty Group Negotiates Sales of Two Properties in Chicago

by Channing Hamilton

CHICAGO — Essex Realty Group Inc. has arranged the sales of two buildings totaling 35 units in Chicago. Joe Kahlhammer, Robert Berman, Mike Anguiano, Daniel Shabsin, Jeremy DeMarco and Russell Tillery of Essex represented the seller in each deal. The first building offers 16 units and is located on South Indiana Avenue in Chicago’s Chatham neighborhood. The second asset comprises 19 units and is situated on South Drexel Avenue in the Greater Grand Crossing neighborhood.

Continue Reading
0 FacebookTwitterLinkedinEmail
2203 E. Bermuda Street in Long Beach, California
CaliforniaInvestment SalesNewsWestern

CBRE Arranges $2.7 Million Sale of Eight-Unit Property in Long Beach, California

by Channing Hamilton

LONG BEACH, CALIF. — CBRE has arranged the sale of an eight-unit property located at 2203 E. Bermuda Street in Long Beach. A private investor purchased the asset for $2.7 million. Dan Blackwell, Trey Mitchell and Jack O’Connor of CBRE represented the all-cash, non-exchange buyer based in Los Angeles County. The seller was also based in Los Angeles County. The property was built in 1985 on a 5,962-square-foot lot. The building offers two-bedroom, townhome-style units with patios or balconies. The property features remote-controlled garage parking, secured entry and a shared …

Continue Reading
0 FacebookTwitterLinkedinEmail
The Autumn Leaf Furnished Apartments in Airway Heights, Washington
Investment SalesNewsWashingtonWestern

Kidder Mathews Arranges $3.6 Million Sale of The Autumn Leaf Furnished Apartments Near Spokane, Washington

by Channing Hamilton

AIRWAY HEIGHTS, WASH. — Kidder Mathews has brokered the sale of The Autumn Leaf Furnished Apartments, a 24-unit community located at 12911 W. 13th Ave. in the Spokane suburb of Airway Heights. The property was originally built in 2017. Max Frame of the Simon and Anderson team at Kidder Mathews represented the undisclosed seller in the deal. The buyer was also not disclosed. The asset traded hands for $3.6 million.

Continue Reading
0 FacebookTwitterLinkedinEmail
The Windsor in Lakewood, Colorado
ColoradoInvestment SalesNewsWestern

Brixton Capital Purchases The Windsor in Lakewood, Colorado for $124.2 Million

by Channing Hamilton

LAKEWOOD, COLO. — Brixton Capital has acquired The Windsor, a 352-unit community in the Denver suburb of Lakewood, from TA Realty for $124.2 million. Brixton Capital plans to rebrand the asset as Brixton Townhomes at Bear Creek. The buyer will also renovate the community with updates to unit interiors and common area amenities. Brixton Capital and TA Realty were both self-represented in the transaction. The Windsor is situated on 29 acres at 8152 W. Eastman Place. The property comprises 392,000 square feet of leasable space across 53 buildings. The Windsor …

Continue Reading
0 FacebookTwitterLinkedinEmail
Charlotte Commons Apartments in Port Charlotte, Florida
FloridaInvestment SalesNewsSoutheast

JBM Brokers $66.5 Million Sale of Charlotte Commons Apartments in Port Charlotte, Florida

by Channing Hamilton

PORT CHARLOTTE, FLA. — JBM Institutional Multifamily Advisors has negotiated the $66.5 million sale of Charlotte Commons in the southwest Florida city of Port Charlotte. Image Capital, along with an undisclosed New York-based company, purchased the asset for $66.5 million. The seller was SC Bodner Co., who developed Charlotte Commons in 2022. Charlotte Commons comprises 264 apartments across 11 three-story buildings. Units come in studio, one- and two-bedroom floor plans and average 846 square feet in size. Amenities include a pool with a sun deck, outdoor lounge area, fitness center, …

Continue Reading
0 FacebookTwitterLinkedinEmail
Cobalt Apartments in Los Angeles
CaliforniaInvestment SalesNewsWestern

Institutional Property Advisors Brokers Sale of Cobalt Apartments in Los Angeles

by Channing Hamilton

LOS ANGELES — Institutional Property Advisors (IPA) has brokered the sale of Cobalt Apartments, a 135-unit community in the West Los Angeles-Culver City area of Los Angeles. IPA’s Kevin Green, Grabiec and Gregory Harris represented the seller, Greystar, and procured the buyer, Helio Group. Cobalt Apartments was built in 2019. Community amenities include a clubroom, fitness center, pool and spa, two open-air lounges, gated covered parking and bike storage. The average unit size is 854 square feet.

Continue Reading
0 FacebookTwitterLinkedinEmail
70 Pine Street in New York City
Investment SalesNew YorkNewsNortheast

JLL Capital Markets Arranges $395 Million Refinancing for 70 Pine Street in New York City 

by Channing Hamilton

NEW YORK CITY — JLL Capital Markets has brokered the $395 million refinancing of 70 Pine Street, a 66-story mixed-use property situated within New York City’s financial district. JLL worked on behalf of the borrowers, DTH Capital and Rose Associates, to secure the financing through Goldman Sachs. Christopher Peck, Geoff Goldstein and Christopher Pratt led the JLL Capital Markets Debt Advisory Team. 70 Pine Street was originally built in 1932 for office use. The building was renovated in 2016, and now offers residential units, retail space and a 165-key hotel. The residential component …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts
©2024 France Publications, dba France Media Inc.