Deals
ARA Newmark Brokers Record-Setting Deal
Director Robert Bratley and Associate Director Marcus Griffin facilitated the $12 million sale of the boutique apartment building in downtown Denver’s Capitol Hill neighborhood.
Transcontinental, Adobe Break Ground on Dallas Community
The Lakeside Lofts luxury community will be situated within the Mercer Crossing mixed-use development, which is set to encompass 1,200 acres of office, restaurants, hotels and single family homes.
Atlanta Investor Expands in San Antonio With Foreign Funds
Benimax increased its San Antonio footprint with the acquisition of its second multifamily property, in a deal arranged by ARA Newmark.
$204M Chinese Project Attracts US, German Capital
Century Bridge Capital and Deutsche Finance Group are investing in the 1,427-unit community, which will be located in Xuzhou, a northeastern gateway city between Beijing and Shanghai.
Greysteel Arranges Trade of Dallas-Area Community
Managing Directors Doug Banerjee and Boyan Radic, Senior Investment Associate Andrew Mueller and Investment Associate Andrew Hanson negotiated the sale of the 281-unit property.
Top 10 Twin Cities Multifamily Transactions
The market’s strength has attracted a number of out-of-state investors such as TIAA, FPA Multifamily and Mapletree US Management that paid significant prices for top communities in the area.
CBRE Brokers Sale, Financing of 171-Unit Affordable Asset
The Seattle-area community traded for $18.9 million. Tim Flint worked on behalf of the seller in the transaction, while Jim Flinn secured acquisition financing.
Las Vegas-Area Luxury Community Fetches $59M
JLL Managing Directors John Cunningham and Charles Steele arranged the sale of the 366-unit asset on behalf of The Bascom Group.
Westmount Sells 362-Unit Houston Community
The Beverly Palms has received $1 million in improvements over the past six years, including a newly painted exterior, architectural enhancements and updated common areas.
NorthMarq Arranges Refi for OC Community
The Sares-Regis-owned Aliso Creek Apartments in Aliso Viejo includes 535 units, three spas, 866 parking spaces and a cyber cafe.