Investment Sales

The Halden in White Plains, New York
Investment SalesNew YorkNewsNortheast

 JLL Capital Markets Arranges Sale of The Halden in White Plains, New York

by Channing Hamilton

WHITE PLAINS, N.Y. — JLL Capital Markets has arranged the sale of The Halden, a 303-unit community located at 1137 Westchester Ave. in White Plains, approximately 30 miles north of Manhattan. JLL’s suburban tri-state capital markets team worked on behalf of the sellers and procured the undisclosed buyer. The Halden was completed in 2023. The five-story community offers a mix of one-, two- and three-bedroom apartments, with an average unit size of 999 square feet. Amenities include a clubroom, conference room, bike storage, café and lounge, fitness center, package concierge, pool and …

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Oaks at Georgetown in Georgetown, Texas
Affordable HousingArizonaCaliforniaColoradoInvestment SalesNew YorkNewsNortheastTexasWestern

Standard Communities Purchases $1 Billion Affordable Housing Portfolio Across Four States

by Channing Hamilton

LOS ANGELES AND NEW YORK CITY — Standard Communities has acquired a portfolio of 60 affordable housing communities totaling roughly 6,000 units for $1 billion. The portfolio consists of traditional multifamily and seniors housing assets in Texas, Arizona, Colorado and California. The undisclosed seller developed many of the properties in roughly 2002. Standard states that it will invest more than $30 million in capital improvements and deferred maintenance across the portfolio. According to the company, no tenants will be displaced during renovations. Standard says negotiations with multiple government agencies, including HUD, Fannie Mae, Freddie …

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Willowbrook Crossing in Westminster, Colorado
ColoradoInvestment SalesNewsWestern

Pinnacle Real Estate Advisors Brokers $13.5 Million Sale of Willowbrook Crossing in Westminster, Colorado

by Channing Hamilton

WESTMINSTER, COLO. — Pinnacle Real Estate Advisors has negotiated the sale of Willowbrook Crossing, a 95-unit community in Westminster. Willowbrook Crossing features 95 apartments in studio and one-bedroom layouts. The community traded for $13.5 million. Josh Newell and Jake Waxter of The Newell Team at Pinnacle Real Estate Advisors represented the undisclosed seller and the undisclosed buyer in the deal.

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200-206 Franklin Street in Cambridge, Massachusetts
Investment SalesMassachusettsNewsNortheast

Marcus & Millichap Arranges $2.8 Million Sale of 7-Unit Asset in Cambridge, Massachusetts

by Channing Hamilton

CAMBRIDGE, MASS. — Marcus & Millichap has brokered the sale of a 7-unit property located at 200-206 Franklin Street in Cambridge for $2.8 million. Built in 1915, the building rises three stories and offers a mix of onei and two-bedroom units. Tony Pepdjonovic and Evan Griffith exclusively marketed the property on behalf of the seller and procured the buyer. Neither party’s identity was disclosed.

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The Vine on NE 35th Street in Miami
FloridaInvestment SalesNewsSoutheast

Marcus & Millichap Arranges $15.1 Million Sale of Development Site in Miami

by Channing Hamilton

MIAMI — Marcus & Millichap has arranged the sale of The Vine on NE 35th Street, a 36,000-square-foot development site located at 404-436 NE 35th Street in the Edgewater district of Miami. The asset traded hands for $15.1 million.  The Vine on NE 35th Street spans six parcels. The site is under Miami 21’s T6-36A designation and allows for up to 124 residential units or 248 hotel units.  Ryan Shaw of Marcus & Millichap’s Miami office exclusively marketed the property on behalf of the seller, G&L Associates at 35th Street …

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The Royalton at Discovery in Dallas
Investment SalesNewsTexas

SWBC Real Estate Sells 295-Unit The Royalton at Discovery in Suburban Dallas

by Channing Hamilton

ROCKWALL, TEXAS — SWBC Real Estate LLC has sold The Royalton at Discovery, a 295-unit community in Rockwall, approximately 25 miles northeast of Dallas. Bonaventure acquired the property for an undisclosed price. Drew Kile, Joey Tumminello, Michael Ware and Taylor Hill of Institutional Property Advisors, a division of Marcus & Millichap, brokered the deal. SWBC Real Estate delivered the community in 2023. The Royalton at Discovery offers one-, two- and three-bedroom floor plans with an average size of 1,015 square feet. The property rises three stories. Select units feature direct …

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210-220 E. 22nd Street in New York City
Investment SalesNew YorkNewsNortheast

Joint Venture Purchases 204-Unit Building in Manhattan for $104.5 Million

by Channing Hamilton

NEW YORK CITY — JLL has arranged the $104.5 million sale of a 204-unit property located at 210-220 E. 22nd Street in Manhattan’s Gramercy Park neighborhood. The building consists of 204 units across seven stories. The unit mix includes 82 studios, 75 one-bedroom units, 39 two-bedroom residences and eight three-bedroom apartments. Amenities include a fitness center, resident lounge and onsite laundry facilities. The property was 95 percent occupied at the time of sale. Andrew Scandalios, Jeffrey Julien, Rob Hinckley and Steven Rutman of JLL represented the undisclosed seller in the …

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15741 Blaine Ave. in Bellflower, California
CaliforniaInvestment SalesNewsWestern

CBRE Arranges $5.6 Million Sale of 32-Unit Property in Bellflower, California

by Channing Hamilton

BELLFLOWER, CALIF. — CBRE has arranged the sale of a 32-unit property located at 15741 Blaine Ave. in Bellflower, located approximately 20 miles south of Los Angeles. The asset traded hands for $5.6 million, or $175,000 per unit. Built in 1955, the property is located on a 0.71-acre lot near the intersection of Blaine Avenue and Alondra Boulevard. The asset comprises 16,128 square feet of rentable space on a 0.71-acre lot. The gated community offers 31 one-bedroom units and a manager’s two-bedroom unit, as well as 32 parking spaces. Dan …

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Rock Springs Duplexes in Round Rock, Texas
Build-to-RentInvestment SalesNewsTexas

RangeWater, Harbert Acquire 150-Unit Single-Family Rental Community Near Austin, Texas

by Channing Hamilton

ROUND ROCK, TEXAS — A partnership between Atlanta-based RangeWater Real Estate and Birmingham-based Harbert Management Corp. has acquired Rock Springs Duplexes, a single-family rental community located at 1338 Christopher Ave. in Round Rock, approximately 20 miles north of Austin. The seller and sales price were not disclosed.  Rock Springs Duplexes was built in two phases in 1985 and 1996. The unit mix includes 150 three-bedroom homes, which range from 968 to 1,280 square feet.  Each residence features an attached garage, driveway parking space and a fenced backyard. Units also include …

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Investment SalesNew YorkNewsNortheast

Marcus & Millichap Brokers $5 Million Sale of 13-Unit Property in Hell’s Kitchen

by Channing Hamilton

NEW YORK CITY — Marcus & Millichap has arranged the sale of a 13-unit property located in the Hell’s Kitchen neighborhood of Midtown Manhattan. Built in 1920, the five-story building offers a mix of one-, two- and three-bedroom floor plans. Joe Koicim, Logan Markley and Zan Colin of Marcus & Millichap’s Manhattan office marketed the property on behalf of the seller and procured the buyer. Both parties were local private investors.

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