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.
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.
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 …
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 …
SAN JOSE, CALIF. — JLL Capital Markets has arranged a $30.2 million loan for the refinancing of Monte Alban Apartments, a 192-unit affordable housing complex located at 1324 Santee Drive in San Jose. Monte Alban Apartments was built in 1970 and renovated in 2006. The garden-style asset consists of 192 apartments across 12 buildings. Units come in one-, two-, three- and four-bedroom layouts. Amenities include a community room, laundry facilities, an exercise room, basketball court, two pools and two playgrounds. The community was fully occupied at the time of sale and provides …
AUSTIN, TEXAS — Minneapolis-based developer United Properties has completed Shelby Ranch, a 302-unit development situated on an eight-acre site in Austin. The first phase of the project delivered about 150 apartments, as well as 3,500 square feet of amenity space and a 1.5-acre pool and courtyard. Shelby Ranch offers studio, one-, two-, and three-bedroom floor plans. Amenities include a workshop, fitness center, co-working space, resident lounge, dog park and chicken coop. The property is a Certified Wildlife Habitat and features honey-producing bees, garden beds, native plants, fruit-bearing trees, rainwater collection, …
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 …
AUSTIN, TEXAS — Minneapolis-based developer United Properties has completed Bishop Momo, a 274-unit property located in the St. Elmo District of Austin. OHT Partners served as the general contractor. Belshaw Mulholland Architects designed the community. Bishop Momo offers studio, one- and two-bedroom apartments. Amenities include a pool, fitness center, multiple lounges, coffee bar, dog run, conference room, package lockers and grilling stations. The property also includes as 6,000 square feet of ground-floor retail space and structured parking.
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.
EVERETT, MASS. — LCOR has acquired The Batch Yard, a 328-unit community in Everett, six miles north of Boston. The community offers a mix of studio, one-, two- and three-bedroom units. Amenities include a pool with sundeck, outdoor media center, library, lounge, fitness center, dining room and garage parking. The acquisition marks the first deal to close under LCOR’s Innovative Living Strategy initiative, which focuses on purchasing and retrofitting properties developed in the past decade.
