Deals
Marcus & Millichap Partner Facilitates $16M Sale in MN
Mox Gunderson, Dan Linnell and Josh Talberg at Marcus & Millichap’s Minneapolis office, represented a local partnership in the sale of Tamarind Apartments, a 102-unit community in Saint Louis Park.
AvalonBay Sells New Haven Community for $33M
Inland Real Estate Acquisitions LLC will rebrand the newly purchased, 99-unit community in Shelton, Conn., to Huntington Townhomes.
IEC Buys OC Community for $134M
The acquisition of the 400-unit, value-add multifamily community was on behalf of IEC Institutional Fund III LP, a fully discretionary, $200 million commingled fund.
HFF Secures Financing for Houston Luxury Tower
Located at 2930 Kirby Drive, Hanover River Oaks is a to-be-built, 39-story, 370-unit luxury high-rise multifamily tower with approximately 10,000 square feet of ground-floor retail space.
VA Community Trades for $8M
Built in 1981, Maple Ridge Apartments is located in Lynchburg, Va. and features 152 units. The asset was purchased by Aria Legacy Group.
Hunt Mortgage Finances Acquisition of 202-Unit OH Property
Hamilton Real Estate Capital will use the $7.6 million Fannie Mae loan to purchase Sutton Square Apartments, a 29-building community in southeast Columbus.
GA Community Lands $48M in Refinancing
Overlook at Gwinnett Stadium is located seven miles from downtown Lawrenceville. Residents have a private walkway to neighboring Coolray Field.
Avesta Enters AZ Market With $58M Acquisition
Coronado Crossing is well situated along the Price Corridor, one of Chandler’s fastest-growing areas. The company plans an extensive renovation of the property.
Jevan Buys Phoenix Community for $15M
Jevan Capital now owns 18 properties across multiple metros, seven of which are in Phoenix. La Mirada will be rebranded and completely renovated.
Miami Worldcenter Lands Additional Financing
The loan will be used to finance a portion of the project’s high street retail promenade as well as one of the primary parking garages.