Deals
Transwestern Brokers Sale of LA Luxury Asset
The property is located in Culver City, Calif., near Playa Vista’s entertainment and tech hubs. The brokerage company represented the buyer, a private investor, in the off-market transaction.
$21M Student Housing Community Trades in NC
The 64-unit student housing community was 98 percent occupied at the time of the sale. The property is within walking distance of the Wake Forest University campus.
Hamilton Zanze Makes First MD Buy
The company acquired the 404-unit Kingscrest Apartments in Frederick for $64.3 million and plans to invest $4.2 million to renovate it.
IPA Sells 350-Unit TX Property
Executive Director Will Balthrope, Senior Director Drew Kile and Jordan Featherston brokered the transaction of the 1998-built multifamily property. Sendera Investment Group is the former owner of the community.
Marcus & Millichap Arranges Sale of Uptown Minneapolis Asset
Colfax Avenue traded for $1.4 million. GLT Partners’ Mox Gunderson, Dan Linnell, Josh Talberg and Abe Roberts acted on behalf of the seller and also secured the buyer.
Marcus & Millichap Brokers Sale of New FL Asset
The Alexander at Sabal Point is a 286-unit multifamily property in the Sabal Point community of Longwood. Casey Babb worked on behalf of the buyer in this deal.
Canadian Investor Buys $46M Phoenix-Area Asset
The 360-unit community in Chandler last traded more than a decade ago, when PEM Real Estate acquired it as part of a portfolio deal.
Crown Bay Group Grows Atlanta Portfolio
The company acquired two properties in different suburbs of the metro. Plans to rehabilitate the 1970-built properties are underway, featuring unit improvements and amenity upgrades.
CBRE Brokers $65M Sale of Orlando Luxury Asset
Shelton Granade, Luke Wickham and Justin Basquill arranged the sale of the 314-unit community. The team acted on behalf of Trammell Crow Residential, owner and project developer of the property.
Greystar Sells Class A Community in CT
Lowe Enterprises Investors bought the 374-unit luxury community located in the heart of Danbury, Conn. Greystar will continue to manage the property.