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Huntington Townhomes in Shelton, Connecticut
ConnecticutInvestment SalesNewsNortheast

Institutional Property Advisors Brokers Sale of 99-Unit Community in Shelton, Connecticut

by Channing Hamilton

SHELTON, CONN. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Huntington Townhomes, a 99-unit community in Shelton, approximately 10 miles west of New Haven, Connecticut. Beachwold Residential acquired the asset from an affiliate of Inland Private Capital for an undisclosed price. Victor Nolletti, Eric Pentore, Wes Klockner and Ross Friedel of IPA represented the seller and procured the buyer in the deal. Huntington Townhomes was constructed in 2008 on seven acres. The unit mix includes 86 townhomes and 13 apartments. Units come …

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The Parker in Chicago
IllinoisInvestment SalesMidwestNews

JLL Capital Markets Arranges Sale of 29-Story Apartment Tower in Chicago

by Channing Hamilton

CHICAGO — JLL Capital Markets has arranged the sale and acquisition financing of The Parker, a 29-story apartment tower in Chicago’s Fulton Market district. JDL Development purchased the high-rise community for an undisclosed price. The sellers were institutional investors advised by J.P. Morgan Asset Management and Atlantic Residential. Atlantic Residential, Focus Development and Shapack Partners built The Parker in 2016. The property is located at 730 W. Couch Place, around the corner from the city’s Randolph Street Restaurant Row. The Parker consists of 227 units in studio through three-bedroom layouts. …

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6744 Orizaba Ave. in Long Beach, California
CaliforniaInvestment SalesNewsWestern

CBRE Negotiates $2.4 Million Sale of Nine-Unit Property in Long Beach, California

by Channing Hamilton

NEWPORT BEACH, CALIF. — CBRE has arranged the $2.4 million sale of a nine-unit property located at 6744 Orizaba Ave. in Long Beach, 25 miles south of Los Angeles. Built in 1973, the building comprises 7,770 square feet across two stories. The community is situated on a 9,540-square-foot lot at the corner of Orizaba Avenue and East 67th Way. The unit mix includes one studio and eight two-bedroom apartments. The community also offer an on-site laundry facility and 10 single-car garages. The roof was replaced in 2017. Dan Blackwell, Trey Mitchell …

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IllinoisLeasing & MarketingMidwestNewsOperations

29th Street Capital Expands into Third-Party Property Management

by Channing Hamilton

CHICAGO — 29th Street Living, the property management division of 29th Street Capital (29SC), has expanded into third-party property management services. The division currently manages more than 55 properties across 23 markets. According to 29SC, 29th Street Living has a resident-first approach and is focused on providing cutting-edge technology and streamlining operations. 29SC is an investment management firm based in Chicago with back-office support in Louisville, Kentucky. The firm has acquired and developed more than 158 properties throughout the nation. 

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O’Connor Oaks in San Antonio
Investment SalesNewsTexas

Newmark Negotiates Sale of 165-Unit O’Connor Oaks in San Antonio

by Channing Hamilton

SAN ANTONIO — Newmark has arranged the sale of O’Connor Oaks, a 165-unit community located at 13658 O’Connor Road in northeast San Antonio. Jim Young and Chase Easley of Newmark Multifamily Capital Markets represented the seller, Austin-based JMB Group, in the deal. Salt Lake City-based Preserve Partners was the buyer. O’Connor Oaks was built in 1983. The garden-style community offers a mix of one-, two- and three-bedroom floor plans. The average unit size is 900 square feet. Amenities include two pools with sun lounges, outdoor grilling and picnic areas, a …

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Investment SalesMassachusettsNewsNortheast

Marcus & Millichap Negotiates $4.7 Million Sale of 25-Unit Property in Mansfield, Massachusetts

by Channing Hamilton

MANSFIELD, MASS. — Marcus & Millichap has brokered the $4.7 million sale of a 25-unit apartment building located at 1 Samoset Ave. in Mansfield, roughly 33 miles south of Boston. According to Marcus & Millichap, the property is known locally as “The Grain Mill” and was converted from that use to residential in 1981. The community comprises 24 one-bedroom apartments and a two-bedroom penthouse. Evan Griffith and Tony Pepdjonovic of Marcus & Millichap represented the seller and procured the buyer, both of which were local limited liability companies, in the …

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The Royalton at Prosper in Prosper, Texas
DevelopmentNewsTexas

SWBC Begins Developing 270-Unit The Royalton at Prosper Near Dallas

by Channing Hamilton

PROSPER, TEXAS — Dallas-based developer SWBC has broken ground on The Royalton at Prosper, a 270-unit project in Prosper, about 40 miles north of Dallas. The community will offer one-, two- and three-bedroom floor plans. Select units will feature yards and direct-access garages. Amenities will include a clubhouse with a business center, fitness center and pool with cabanas and grilling stations. Cross Architects is designing the project. Carleton Cos. is serving as the general contractor. The first units are expected to be available for occupancy next summer. The Royalton at …

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Resia Old Cutler in Goulds, Florida
FloridaInvestment SalesNewsSoutheast

Resia Sells 390-Unit Resia Old Cutler in Suburban Miami

by Channing Hamilton

GOULDS, FLA. — Resia has sold Resia Old Cutler, a 390-unit community located at 22555 S.W. 107th Ave. in Goulds, about 30 miles southwest of Miami. Kayne Anderson purchased the asset for an undisclosed price. Resia Old Cutler was built in 2023 and offers one-, two- and three-bedroom units. Amenities include a multipurpose room, fitness center, children’s play area and a pool. Resia will continue to serve as property manager for the community.

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Authentix South Elgin in South Elgin, Illinois
DevelopmentIllinoisMidwestNews

Continental Properties Breaks Ground on 336-Unit Community in South Elgin, Illinois

by Channing Hamilton

SOUTH ELGIN, ILL. — Continental Properties has begun development of Authentix South Elgin, a 336-unit property in South Elgin, about 40 miles west of Chicago. The garden-style community will offer studio, one-, two- and three-bedroom layouts. Amenities will include a pool, outdoor grill area, clubhouse, fitness center and dog park. Pre-leasing is expected to begin in spring 2025, with move-ins slated for late summer 2025. Authentix Apartments, owned and operated by Continental Properties, is a national brand of residential communities offering garden-style apartments. Continental Properties is based in Menomonee Falls, …

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133 Eldridge St. in New York City
Investment SalesNew YorkNewsNortheast

Marcus & Millichap Brokers $6 Million Sale of Mixed-Use Building in New York City

by Channing Hamilton

NEW YORK CITY — Marcus & Millichap has arranged the sale of a mixed-use property located at 133 Eldridge St. in New York City’s Lower East Side neighborhood. The building rises five stories and features ground-floor retail space with residential units above. The asset traded hands for $6 million. Joe Koicim and Logan Markley of Marcus & Millichap’s Manhattan office marketed the property on behalf of the undisclosed seller and procured the buyer, a local private investor with assets nearby.

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