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Investment Sales

22501 Hawthorne Blvd. in Torrance, California
Affordable HousingCaliforniaDevelopmentInvestment SalesNewsWestern

Intracorp Homes Acquires 3.8-Acre Redevelopment Site in Torrance, California for $21 Million

by Channing Hamilton

TORRRANCE, CALIF. — Intracorp Homes purchased 22501 Hawthorne Blvd., a 3.8-acre site in Torrance, from a locally based private investor for $21 million. John Read, Greg Sullivan and Trent Steeves of CBRE represented the seller. The property was historically a retail center anchored by a bowling alley called Gable House Bowl. Intracorp Homes plans to redevelop the site into a mixed-use project, which will include 17 affordable rental units as well as commercial space. Details on rent restrictions for the affordable units have not yet been disclosed.

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FloridaInvestment SalesNewsPeople NewsSoutheast

NAI Hallmark Hires Buck Poderski as Vice President, Multifamily Investment Sales

by Channing Hamilton

JACKSONVILLE, FLA. — NAI Hallmark has selected Buck Poderski as Vice President of Multifamily Investment Sales. In this role, Poderski will direct the company’s growth outside of Jacksonville into markets across North and Central Florida. Prior to joining NAI Hallmark, Buck served as a Managing Director at GREA in Dallas, where he focused exclusively on value-add multifamily sales. He earned two bachelor’s degrees from the University of North Florida in Economics and Finance. 

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Village Green in Marshall, Mich.
Investment SalesMichiganMidwestNews

Friedman Real Estate Arranges $4.1 Million Sale of Village Green in Marshall, Michigan

by Channing Hamilton

MARSHALL, MICH. — Friedman Real Estate has arranged the $4.1 million sale of Village Green in Marshall, a city in southern Michigan. According to Apartments.com, Village Green offers one- and two-bedroom units, as well as amenities such as internet access, a playground, patios and on-site parking. Friedman’s Peter Jankowski represented the undisclosed buyer in the transaction. The seller was also not disclosed.

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The Shay in Washington, D.C.
Investment SalesNewsNortheastWashington, D.C.

JLL Brokers Sale of The Shay in Washington, D.C.

by Channing Hamilton

WASHINGTON, D.C. — JLL Capital Markets arranged the sale of The Shay, a 245-unit community located in the Shaw neighborhood of Washington, D.C. Robert Jenkins and Bret Thompson led the Investment Sales and Advisory team representing the seller. Built in 2015, The Shay features studio, one- and two-bedroom units and amenities such as a pool with a sundeck, two rooftop decks, a catering kitchen with a dining area and a fitness center. The buyer was not disclosed.

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North Water Apartments in Chicago, Illinois
IllinoisInvestment SalesMidwestNews

Crescent Heights Buys North Water Apartments in Downtown Chicago for $173 Million

by Channing Hamilton

CHICAGO — Crescent Heights has acquired North Water Apartments, a 398-unit property in downtown Chicago’s Streeterville neighborhood. Invesco Real Estate sold the asset for $173 million, according to real estate data firm CoStar Group. North Water Apartments is the multifamily portion of a 50-story building located at 340 E. North Water St. Built in 2015, the community is situated above the Loews Chicago Hotel, which was not included in the sale, and offers studio, one-, two- and three-bedroom floor plans. John Jaeger and Justin Puppi of CBRE represented the seller. …

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Millspring Commons Apartments in Richmond, Virginia
Investment SalesNewsSoutheastVirginia

RailField Acquires Millspring Commons Apartments in Richmond, Virginia

by Channing Hamilton

RICHMOND, VA. — RailField has purchased Millspring Commons Apartments, a 159-unit townhome-style community in Richmond, for an undisclosed price. Amenities at the community include a clubhouse with a fitness center, pool, outdoor exercise area, outdoor kitchen and grilling area, playground and dog park. RailField purchased the property on behalf of its RLM Preservation Fund, which focuses on preserving affordable and workforce housing. The firm plans to renovate both the common areas and apartment interiors.

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FloridaInvestment SalesNewsPeople NewsSoutheast

CBRE Adds Multifamily Investment Sales Team to Miami Office

by Channing Hamilton

MIAMI, FLA. — CBRE has added a multifamily investment sales team to expand the firm’s presence in Central and North Florida. The team joins CBRE from Cushman Wakefield, and comprises Denny St. Romain (vice chairman), Jubeen Vaghefi (vice chairman), Charles Crapse (senior vice president), Alex Kupp (first vice president) and Scott Peek (first vice president). The team — which will be led by St. Romain and Vaghefi — will focus on institutional multifamily sales, land development sales, structured debt and equity finance and private capital sales.

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FinanceIllinoisInvestment SalesMidwestNewsPeople News

JLL Capital Markets Selects Bill Baumann as Managing Director

by Channing Hamilton

CHICAGO — Bill Baumann has joined JLL Capital Markets as a Managing Director in the firm’s Chicago office. In this role, Baumann will focus on both apartment investment sales and financing deals in Chicago and the Midwest, representing owners and developers. He will report to Senior Managing Directors Danny Kaufman and Jaime Fink. Prior to joining JLL, Baumann served as as principal and managing broker of Monarch Realty Partners, a Chicago-based multi-housing brokerage firm he co-founded in 2016. He earned his bachelor’s degree from Yale University and his MBA from …

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Hollywood Nine in Hollywood, Florida
DevelopmentFloridaInvestment SalesNewsSoutheast

FundRebel to Acquire Nine Hollywood in Hollywood, Florida for $67 Million

by Channing Hamilton

HOLLYWOOD, FLA. — FundRebel LLC, a real estate investment platform based in New York City, has entered into contract to acquire Nine Hollywood for $67 million. Nine Hollywood is a 36,000-square-foot mixed-use development in the Miami, Florida suburb of Hollywood. The property includes 204 rental units in studio, one- and two-bedroom layouts, as well as three levels of integrated parking and 7,000 square feet of ground-floor retail space. Amenities include a pool, a fitness center and business suites. The asset is currently under construction and is set for completion in the …

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The Keys at Wildwood in Oxford, Florida
Build-to-RentDevelopmentFloridaInvestment SalesNewsSoutheast

Blue Vista Acquires 190-Unit BTR Development in Oxford, Florida

by Channing Hamilton

OXFORD, FLA. — Blue Vista Capital Management has acquired The Keys at Wildwood, a BTR development situated on 19 acres in Oxford, which is in central Florida. The project is currently being developed in partnership with Belleair Development and Mize & Sefair Development. The Keys at Wildwood will offer 190 single-story, three-bedroom units including features such as in-unit laundry, private patios, and dedicated parking spots. The new community is the sixth built-to-rent community Blue Vista has acquired or developed since 2020. 

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