Market Rate
Sundance Capital Group Buys Phoenix Asset
The 90-unit garden-style community last changed hands in 2016. The new owner intends to bring additional interior and exterior upgrades.
Manhattan High Line Portfolio Commands $28M
Cushman & Wakefield represented the seller, while JLL secured acquisition financing on behalf of the buyer. The four contiguous buildings comprise 26 apartments and four ground-floor retail units.
Dallas-Area Community Receives $21M Financing
Berkeley Point Capital secured the loan through Bedrock Capital for the rejuvenation of Broadway Apartments, a 288-unit community in Garland.
Meridian Capital Secures $115M for Brooklyn Asset
Built on a former multi-use site, Hampshire Properties’ 302-unit development will bring a series of upscale amenities to the borough’s largely residential Midwood neighborhood.
Paredim Partners Acquires $27M CT Community
The Arbors at Brighton Park in Bloomfield offers a resident clubhouse, a dog park and a swimming pool. Institutional Property Advisors represented the seller in the transaction.
On the Market: 5 Interesting Listings for the Week of 7/16
This week’s listings include a newly constructed luxury community in Boston, a 1920s-era property in Los Angeles and more.
CBRE Secures $27M for Former MA Chocolate Factory
The historic building close to downtown Mansfield is being redeveloped into a mixed-income, mixed-use property that will contain 130 units.
Marcus & Millichap Brokers MN Property Sale
Evan Miller of the company’s Minneapolis office and the firm’s national group sold The Hillcrest Apartments in South St. Paul.
Dominion Realty Sells $69M NC Community
Centric Gateway in Charlotte is a 297-unit, newly completed mid-rise community with major street exposure. HFF brokered the deal on behalf of the seller.
Miami Asset Commands Record Per-Unit Price
Colliers International South Florida’s Gerard Yetming, Mika Mattingly, Mitash Kripalani and Julian Zuniga represented the seller in the deal and also procured the buyer. The sale price breaks down to $228,750 per unit.