Finance & Investment
Marcus & Millichap’s Ontario Office Arranges Sale of Covina Property
Covina’s recent growth in terms of rent rates has spurred investor interest in the area, with the smallest of assets now trading hands.
JPI Cos. Acquires 11 Acres for $11M
The company secured the permit-ready Arizona development site for $39,859 a unit.
On the Market: This Week’s 5 Most Interesting CRE Listings
Check out this week’s most interesting CRE listings across the country.
Grandbridge Provides Financing for Two Developments
The company has closed on a $12.2 million acquisition loan for an Arkansas property and a $7.3 million acquisition loan for a Georgia property.
JMG Realty Acquires 180-Unit Florida Club at Deerwood Community in Jacksonville Key Submarket
Located in an affluent submarket in Jacksonville, Florida Club at Deerwood offers luxury amenities and stylish living.
Lincoln Towers Apartments Receives $12.8M Loan
Bernard Financial Group closed on a loan for a 480-unit mid-rise community in Oak Park, Mich., a suburb of Detroit.
Transactions: April 2016
This month’s selection of recent noteworthy multifamily deals.
HFF Arranges the Sale of Upscale Multifamily Property in Suburban Boston
The Melrose, Mass. luxury community was completed in 2015 through the conversion of the historical 1881 Boston Rubber Shoe Company Factory.
Robbins/Electra America Acquires Nearly 1,000 Units in Houston
With the acquisition of Copperfield North, Robbins/Electra America has 60 properties under ownership and management, totaling 18,602 total units.
Walker & Dunlop Closes $9M Loan for 242-Unit Community in Columbus
Walker & Dunlop provided a $9 million Fannie Mae loan to Capital SMART for multifamily community Autumn Springs Apartments.