Institutional Property Advisors, Calabasas, Calif., sold Parc Broadway, a 324-unit multifamily property in Tempe, Ariz., for $100.25 million, or $309,414 per unit.
Tag: Dealmaker
Dealmaker: JLL Announces $260M Refinancing for New York Times Square Hotel
MCR Hotels, Island Capital Group and JLL, Chicago, announced MCR and Island closed on a $260 million refinancing of the Sheraton New York Times Square.
Dealmaker: Eastern Union Closes on $74M Refinance for New Jersey Property
Eastern Union, New York, closed on a $74.2 million transaction to refinance a construction loan for a multifamily property in northern New Jersey.
Dealmaker: NewPoint Provides $22.5M for Idaho Workforce Housing Development
NewPoint Real Estate Capital, Plano, Texas, provided $22.5 million in HUD/FHA 221(d)(4) construction-to-permanent financing for the development of a workforce housing community being built in Victor, Idaho, near the state’s border with Wyoming.
Dealmaker: Greystone Announces Deals in New Jersey, California
Greystone, New York, announced recent deals in New Jersey and California.
Dealmaker: Marcus & Millichap Closes Two Dallas-Area Multifamily Sales for $40M
Marcus & Millichap, Calabasas, Calif., closed the sale of two apartment properties in Dallas and Fort Worth, Texas. The assets total 401 units and sold for over $40 million.
Dealmaker: Berkadia Brokers $71M Georgia Apartment Sale
Berkadia, New York, brokered the sale of Grace Apartment Homes Roswell, a 396-unit garden-style multifamily property in Roswell, Ga., for $70.5 million.
Dealmaker: JLL Arranges $125M For Lifestyle Retail Center in Tennessee
JLL Capital Markets, Chicago, arranged $125 million in cash-out refinancing for The Avenue Murfreesboro, a 846,500-square-foot mixed-use lifestyle center in Murfreesboro, Tenn.
Dealmaker: Cushman & Wakefield Arranges $223M Refinancing for Connecticut Portfolio
Cushman & Wakefield, Chicago, served as exclusive adviser to the ownership group in procuring $223 million to refinance the Harbor Point portfolio in Stamford, Conn.
Dealmaker: Gantry Secures $19M to Refinance Industrial Portfolio
Gantry, San Francisco, secured a $19 million permanent loan to cross-collateralize and refinance the acquisition costs of three single-tenant industrial properties.