Deals
BH3 Buys $195M Loan on Distressed NYC Skyscraper
The real estate investment firm has taken over the defaulted mortgage on 125 Greenwich St., an 88-story luxury condo tower in Manhattan’s Financial District that topped out earlier this year.
Miami Community Trades for $22M
Marcus & Millichap arranged the sale of a 116-unit asset located next to Tamiami Park. The seller owned and operated the multifamily property for more than 35 years.
Robbins Property Associates Expands Florida Footprint
JLL represented the seller, Grand Peaks Properties, in its disposition of The Gardens at Nova, a 140-unit asset located in Davie.
Tower 16 JV Expands Vegas Multifamily Footprint
The firm partnered with Henley Investments, paying nearly $33 million for the Class B community. The deal marks the partnership’s fifth acquisition in the metro.
New Jersey Workforce Housing Portfolio Sells for $146M
An international investor scooped up the seven communities totaling 1,035 units from Murnick Property Group, which has operated and maintained the buildings for the past half-century.
L+M, Invesco Partner for $1.2B NYC Housing Deal
The duo agreed to buy more than 2,800 market-rate apartments in Manhattan from Urban American and Brookfield Asset Management and will restore the affordability of more than 1,800 units.
Spectrum Sells Charleston Luxury Community for $51M
The 274-unit high-end property is within walking distance from the new Publix-anchored shopping center, part of Point Hope Commons. Capstone Apartment Partners negotiated the deal.
Orlando-Area Apartments Change Hands
JLL Capital Markets represented the seller, Epoch Residential, in its disposition of Maitland Station, a 293-unit asset in Maitland, Fla.
Bell Partners Buys Boston-Area Community
Vinnin Square Apartment Homes in Salem will be renamed and managed by the firm, bringing its current operations in the Boston metro to seven properties.
Davlyn Investments Buys SoCal Apartments for $60M
The 187-unit luxury community is the buyer’s latest Inland Empire acquisition, following the $35 million purchase of 125 units in November.