Market Rate
On the Market: 5 Interesting Listings for the Week of 8/27
This week’s listings include a transit-oriented project in North Hollywood, a newly constructed luxury community in Des Moines and more.
CBRE Brokers $35M Colorado Springs Sale
Dan Woodward, David Potarf, Matthew Barnett and Jake Young represented seller Griffis/Blessing in the transaction involving a 220-unit garden-style community.
JV Acquires 208-Unit TX Community
JLL Capital Markets arranged the acquisition financing on behalf of Internacional and Dome Equities, which purchased Sunrise Canyon Apartment Homes in Universal City.
Brick Lane Expands Richmond Presence With $25M Buy
BAF Associates sold the 348-unit Falling Creek Apartments, and HFF secured joint venture equity and debt financing.
LMS Trades Renovated AL Community
The 200-unit property traded for nearly $19 million. The buyer financed the purchase with a $15 million mortgage from Arbor Realty.
Praxis Expands Atlanta Presence
Crown Bay Group sold the 200-unit Flint River Apartment Homes after purchasing it in November 2016 for $8 million. This deal marks the buyer’s third acquisition in the area over the past year.
JLL Brokers $62M Denver Community Sale
JLL’s Mike Grippi, Pamela Koster and David Martin secured the sale of the Class A community on behalf of the seller, Holland Partner Group.
Grandbridge Real Estate Closes $31M Financing for MN Property
The company’s wholly owned subsidiary funded the non-recourse loan for Borealis, a 124-unit Class A property in Minneapolis’ North Loop.
Berkadia Brokers Sale of 156-Unit St. Louis Asset
Michael Sullivan, Ken Aston, Andrea Kendrick and Alex Blagojevich of three different Berkadia offices in the Midwest represented seller Mills Properties in the transaction.
Walker & Dunlop Facilitates $37M South Florida Transaction
Managing Directors Roberto Pesant and Chris Conklin, together with Senior Analyst Omar Morales of Walker & Dunlop Investment Sales represented the seller, Principal Real Estate Investors.