Mid-Atlantic
Top 10 NYC Multifamily Sales in April 2016
Trendy Brooklyn may have come out on top in this new data set, but overall recorded sales in April 2016 were dominated by transactions in Manhattan. Of special note is the continuing appetite for income producing properties in Washington Heights and Long Island City. 1. Sale Price: $79,672,500 Buyer: Eqr-North Ninth Ii LLC Seller: Em N9 LLC, Fpg 237-263 North 9TH Property LLC Despite rumors of shedding billions of dollars of apartments late last year and early in 2016, Sam Zell’s Equity Residential boldly picked up these Williamsburg apartment buildings last month. 2. 42-15 Crescent Street, Queens Sale…
Coveted Suffolk, Va. Lands Upscale Community
The 228-unit Bainbridge 3200, situated in the heart of Suffolk’s Harbourview area, opened its first units in March and is expected to be completed by late summer.
Lowe Acquires 260-Unit MD Community
Stonegate Apartments features 26 two- and three-story buildings spread across the property, creating a park-like setting with a small central lake.
Greysteel Markets Value-Add Community in Northeast D.C.
The two-building community sits in an area which is seeing rising rents and a significant pipeline of new and renovated properties in both the multifamily and retail sectors.
TruAmerica Makes First Foray on East Coast With MD Acquisition
The $187 million deal includes a 1,004-unit apartment portfolio.
CAPREIT Snags 978-Unit Virginia Apartment Portfolio
The major apartment owner and operator acquired a five-community apartment portfolio in the Richmond area, with plans to keep the units affordable.
Location is Key for New Mill Creek Residential Development
The company is hoping to woo renters with a luxury community located halfway between Washington, D.C., and Baltimore.
Greysteel Arranges 17-Unit Sale in Northwest D.C.
Columbia Heights Partners LLC bought the 17-unit multifamily community offering great development potential.
Armada Hoffler Properties Invests $42M in Annapolis Junction Town Center
Armada Hoffler Properties Inc. company reached an agreement with the developer of the 416-unit multifamily component of the project.
Top 10 NYC Multifamily Sales in March 2016
March 2016 records reveal an active month for NYC multifamily deals. Dive into the data from PropertyShark and discover who the top deal-makers of March were, as well as discovering the premium being put on apartment buildings compared to just a few years ago. 1. 760-774 3rd Avenue, Manhattan Sale Price: $270,000,000 Buyer: 160 East 48th Street Owner II LLC Seller: Buchanan Apartments LLC The biggest deal of the month goes to a joint venture between Madison Realty and USAA Real Estate. The ‘Buchanan’ building houses 299 apartments, as well as office and retail space. Almost 200 of the…