Institutional Property Advisors announced sale of The Moderne, a 369-unit mid-rise multifamily asset in Scottsdale, Ariz., developed by JLB Partners. The $260 million sales price equates to $704,607 per unit. The transaction is the largest single asset core multifamily sale in Arizona history.
Tag: Dealmaker
Dealmaker: JLL Finances $373M for 10-Property Portfolio
JLL Capital Markets, Chicago, secured more than $538 million in financing for multifamily and industrial properties, including a 10-property multi-housing portfolio.
Dealmaker: Northmarq Arranges $50M in Multifamily
Northmarq arranged more than $50 million in financing for multifamily properties in Arizona and Oregon.
Dealmaker: Fanitini & Gorga Arranges $7.4m for Burlington, Vt. Offices
Fantini & Gorga, Needham, Mass., arranged a $7.4 million to refinance Park Plaza, an office/retail complex in Burlington, Vt.
Dealmaker: MetroGroup Secures $19M for San Diego Retail Center
MetroGroup Realty Finance, Newport Beach, Calif., arranged $18.5 million in financing for an unanchored retail center totaling 56,175 square feet in northern San Diego.
Dealmaker: IPA Brokers $145M Arizona Multifamily Sale
Institutional Property Advisors, Ontario, Calif., sold Liv North Scottsdale, a 240-unit multifamily asset in Scottsdale, Ariz., for $145 million, or $604,167 per unit.
Dealmaker: Bellwether Enterprise Closes $108M in California
Bellwether Enterprise Real Estate Capital LLC, Cleveland, closed a $108 million refinancing of nine Class A multifamily buildings totaling 400 units in Los Angeles.
Dealmaker: Madison Newbond Lends $72M for Sonoma, Napa Valley Hotels
Madison Newbond, New York, originated a $72 million loan to Stratus Development Partners for two newly built hotels in Sonoma and Napa, Calif., operating under the Cambria brand.
Dealmaker: JLL Income Property Trust Acquires Atlanta Distribution Center for $54M
JLL Income Property Trust, Chicago, acquired Northeast Atlanta Distribution Center, a 458,000-square-foot Class A industrial property, for $54 million.
Dealmaker: Berkadia Completes $34M Wisconsin Multifamily Portfolio Sale
Berkadia sold three multifamily assets totaling 138 units in Milwaukee and Mequon, Wis. for $34.1 million.