Deals
EDEN, Cypress Equity to Develop Ft. Lauderdale Tower
Developed on a former parking lot, the 32-story NEXT Las Olas will comprise 374 units, as well as ground-floor retail space and an adjacent parking garage.
Tempe Luxury Property Trades for $73M
Transwestern Development built the 290-unit Vela Apartments in partnership with a private investor. The developer obtained $34 million in construction financing from Bank of the Ozarks.
Birmingham Asset Changes Hands for $39M
The 468-unit, Class B property contains a mix of one- to three-bedroom apartments situated near Interstate 65, providing convenient access to Birmingham’s downtown area.
Tree Group’s CT Portfolio Trades for $48M
Chozick Realty represented the seller and procured the buyer in the transaction, which included Peppertree in Groton, Silvertree in Wallingford and Harbortree in New London.
Berkadia Brokers 311-Unit San Antonio Community Sale
PEM Real Estate Group acquired Legacy Flats, a 10-building garden-style multifamily property in San Antonio. White-Conlee Builders completed the asset in 2016.
Rittenhouse Realty Closes $6M Sale in Philly
The four-story building comprises 15 units and a commercial ground floor component, a space currently leased to Sherwin Williams.
Quest Realty Buys Chicago Land, Plans Condo Building
The 19,000-square-foot parcel located in the Andersonville neighborhood used to be the location of Man’s Country, a private club and bathhouse.
Matthews Brokers Record-Breaking Sale in LA
The property located near downtown Los Angeles traded for $9.7 million, which equates to $247,436 per unit and ranks as the highest price per unit in the area.
Kairoi Residential Buys 4-Property Portfolio
The value-add communities located in San Antonio were sold by Omninet Capital. Institutional Property Advisors represented the seller and procured the buyer.
TH Real Estate Expands DFW Portfolio
Institutional Property Advisors negotiated the sale of Churchill on the Park, a 17-building, 448-unit community in Dallas.