Investment Sales

Midway-Row-House-Dallas
Investment SalesNewsTexas

IPA Arranges Sale of Midway Row House in Dallas

by Lynn Peisner

DALLAS — Institutional Property Advisors (IPA) has arranged the trade between two undisclosed parties of Midway Row House in Dallas. The community was developed in 2023 and comprises 158 units, 107 of which are townhomes with attached, direct-access garages. Midway Row House offers amenities that include a fitness center, two dog parks, a lakeside jogging path, workspaces and three private offices. Apartments have 9-foot ceilings and full-size washers and dryers. The average unit is 979 square feet. IPA’s Taylor Hill, Drew Kile, Joey Tumminello, Michael Ware and Jack Windham represented …

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Mainstreet-Coconut-Creek
DevelopmentFloridaInvestment SalesNewsSoutheast

Joint Venture Closes on $68 Million Land Sale for South Florida Mixed-Use Development

by Lynn Peisner

COCONUT CREEK, FLA. — A joint venture, consisting of Rosemurgy Properties, 13th Floor Homes, Schmier Property Group and Giles Capital Group, has closed on the $68 million purchase of 170 acres in Coconut Creek for the development of Mainstreet, a mixed-use community. Mainstreet will encompass 12 blocks with a projected build-out value at approximately $1 billion. The multi-phase project will include approximately 80,000 square feet of grocery-anchored retail space, dining and civic amenities. The residential component of the Broward County project will consist of 792 apartment units, 414 townhomes, 148 …

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4954-N.-Christiana-Ave-Chicago
IllinoisInvestment SalesMidwestNews

Interra Brokers Sale of Two Apartment Buildings on Chicago’s North Side

by Lynn Peisner

CHICAGO — Interra Realty has arranged the sale of two Chicago properties totaling 34 units. The transactions included a 24-unit community at 4954 N. Christiana Ave. in the Albany Park neighborhood, which sold for $4.5 million, and a 10-unit community located at 4321-23 N. Tripp Ave. in the Old Irving Park neighborhood, which sold for $2.2 million. Interra Managing Partner Craig Martin represented the seller, HP Ventures Group, in both transactions. Martin also represented the buyers: Eloy Burciaga, who purchased 4954 N. Christiana, and John Krumsee, who acquired 4321-23 N. …

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The-Morgan-Jersey-City
FinanceInvestment SalesNew JerseyNewsNortheast

Toll Brothers Sells Jersey City High-Rise

by Lynn Peisner

JERSEY CITY, N.J. — A joint venture that includes Toll Brothers Apartment Living has sold The Morgan at Provost Square to Rockpoint. JLL represented the seller and secured acquisition financing for Rockpoint. Terms of the sale were not disclosed. The Morgan at Provost Square is a 38-story high-rise built in 2016 that includes 417 units in studios and one-, two- and three-bedroom floor plans as well as penthouse units on the top floor. The Morgan at Provost Square is 97 percent occupied. Amenities include a rooftop pool with Manhattan-skyline views, …

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Howland-Redwood-City
CaliforniaInvestment SalesNewsWestern

Marcus & Millichap Brokers $24.4 Million Bay Area Sale

by Lynn Peisner

CASTRO VALLEY AND REDWOOD CITY, CALIF. — The Levin Johnston team of Marcus & Millichap has arranged the $24.4 million sale of two California assets. Park Tower Townhomes & Apartments, a 52-unit community in Castro Valley, and 280 Howland St., an 18-unit property in Redwood City, represented the upleg of a 1031 exchange completed by an undisclosed buyer who disposed of three other properties to complete the transaction. The deal was arranged by Robert Johnston, Adam Levin and Jessica Tomasetti.

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Travis-Purvis
Company NewsInvestment SalesNewsPeople NewsTexas

NorthPeak Commercial Advisors Opens Houston Office

by Lynn Peisner

HOUSTON — NorthPeak Commercial Advisors, a Denver-based brokerage, has opened a branch in Texas. The firm handles asset acquisitions and dispositions, 1031 exchanges, underwriting and advisory services in the multifamily, office, retail and industrial sectors. The team based out of the new Texas office, located in Houston, specializes in multifamily investments and is led by Travis Purvis, a Texas native with a 31-year career in the oil and gas industry. Licensed Texas broker Matt Lewallen and Partner Kevin Calame also will support the new business.

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The-Brady-Dallas
Investment SalesNewsTexas

Karlin Buys The Brady in Uptown Dallas

by Lynn Peisner

DALLAS — Karlin Real Estate has acquired The Brady, a high-rise property located at 2728 Cedar Springs Road in Uptown Dallas. Karlin has developed and acquired approximately 1,100 multifamily units in Austin, but this is the Los Angeles-based investment firm’s first multifamily acquisition in Dallas. The Brady includes 300 units. Karlin plans to upgrade the property with capital improvements and management services. The acquisition was financed in partnership with Blackstone Real Estate Debt Strategies.

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Deer-Chase-Noblesville
IndianaInvestment SalesMidwestNews

Marcus & Millichap Arranges Sale in Metro Indianapolis

by Lynn Peisner

NOBLESVILLE, IND. — Marcus & Millichap has arranged the sale of Deer Chase, a 288-unit property in Noblesville, 34 miles northwest of Indianapolis. The seller was the unidentified original developer, and the buyer was an undisclosed, locally operated company. The property was built in 2004 on approximately 13 acres and includes a unit mix of two-, three- and four-bedroom floor plans, all of which feature private entrances, full-size washers and dryers and exterior storage space. A fitness center, pool, playground and sports courts are among the community’s amenities. The sales …

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6705-6737-N-California-Ave-Chicago-IL
IllinoisInvestment SalesMidwestNews

Pegasus Arranges $10.8 Million Sale in Chicago

by Lynn Peisner

CHICAGO — Pegasus, a Los Angeles-based real estate advisory firm, has arranged the $10.8 million sale of an eight-building, 94-unit portfolio in Chicago’s Rogers Park neighborhood. The seller was a California-based family office that inherited the property in 2024. The buyer was an undisclosed local multifamily operator completing a 1031-exchange transaction. The buildings are located at 6705 to 6737 N. California Ave. The unit mix includes 36 studios, 55 one-bedrooms and three two-bedrooms. They buyer is planning to self-manage the property and complete renovations.

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Whisper-Creek-Lakewood
ColoradoInvestment SalesNewsWestern

Brixton Capital Buys Whisper Creek in Southwest Denver

by Lynn Peisner

LAKEWOOD, COLO. — Brixton Capital has acquired Whisper Creek in Lakewood, a Denver suburb, eight miles west of downtown. The Denver Business Journal reports that CWS Capital Partners sold the asset for $79.5 million. Built in 2002 by Fairfield Residential, Whisper Creek is a 272-unit community with a resort-style pool, 24-hour fitness center, a clubhouse, business center, grills, a pet park and a playground. Solana Beach, California-based Brixton has engaged Greystar to manage the property. Tony Nargi with JLL Capital Markets secured acquisition financing.

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