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News
City Realty Acquires Brookline Massachutssets Multifamily Portfolio for $23M
1+ day, 18+ hour ago (55+ words) Yield PRO City Realty has acquired a nine-building multifamily portfolio in Brookline, MA for $23.15 million. Colliers facilitated the sale on behalf of Ramon Realty. The portfolio, which features a 95% occupancy rate, totals 65,262 square feet across 49 residential units and three commercial…...
Ariel Property Advisors Arranged Multifamily Portfolio Sale in the Bronx
1+ day, 18+ hour ago (151+ words) Yield PRO Ariel Property Advisors arranged the sale of a three-building multifamily portfolio at 2460 Grand Ave. and 636-646 E. 231st St. in the Bronx for $7.5 million. Senior director Sam Schertz, director Daniel Mahfar and investment sales associate Erik Maloney represented the seller. “This…...
Two Garden-Style Apartment Complexes Combined 1.13M Square Feet Change Hands in West Palm Beach
1+ day, 18+ hour ago (184+ words) Yield PRO The Portofino Place east and west apartment community in West Palm Beach sold for a combined $208 million in two deeds. Cortland Partners sold the 812 apartments at 4400 and 4600 Portofino Way to Fairfield Residential. It comes out to $246,000 a unit....
400 South Tryon Mixed-Use Redevelopment to Include 399 Residences and W Hotels in Uptown Charlotte
4+ day, 13+ hour ago (312+ words) Spandrel Development Partners announced major plans for the mixed-use transformation of a former office tower will include 399 unbranded residences and a 200-key W Hotels property. Plans have been filed to transform the mostly vacant 32-story 400 South Tryon tower into nearly…...
Institutional Property Advisors Brokers 399-Unit Mid-Cities Texas Multifamily Sale
3+ day, 17+ hour ago (185+ words) Yield PRO Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI) dedicated to serving the company’s institutional clients, announced the sale of The Preserve, a 399-unit multifamily asset in Grapevine, Texas. Completed in 2020, The Preserve is a three-story, garden-style…...
Waterton Acquires 482-Unit Reserve at Chino Hills Apartments in Chino Hills California
4+ day, 13+ hour ago (468+ words) Yield PRO Waterton, a national real estate investor and operator, announced it has acquired Reserve at Chino Hills, a 482-unit rental community in Chino Hills, CA. The 20-acre garden style community at 4200 Village Dr. comprises 46 residential buildings and a clubhouse....
Berkadia Arranges $38.55M Refinancing for Tennis Towers Apartments in West Palm Beach Florida
4+ day, 15+ hour ago (204+ words) yieldpro.com Berkadia, a distinguished leader in the commercial real estate sector, announced that it secured $38.55 million in refinancing for Tennis Towers Apartments, a 306-unit multifamily community in West Palm Beach that has been owned and operated by Rich Properties…...
Interra Realty Brokers $19.2M Sale of Loft Apartment Building in Chicago's River North Neighborhood
4+ day, 15+ hour ago (322+ words) Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $19.2 million sale of Paper Box Lofts, a 35-unit multifamily building at 153-157 W. Ohio St. in Chicago’s River North neighborhood. The transaction equates to $548,571 per unit. Interra Senior…...
Gantry Secures $48.3M for Minnesota Class A Multifamily Construction Takeout Loan
5+ day, 16+ hour ago (51+ words) Yield PRO Gantry’s Joe Monteleone, Principal, and Bonnie Monteleone, Senior Associate, with the firm’s St. Louis production office represented the borrower, a private real estate investor. The 10-year, fixed rate, non-recourse, full-term interest only loan was secured from Freddie Mac....
Marcus & Millichap Arranges Sale of Multifamily Asset in Upstate New York
5+ day, 17+ hour ago (147+ words) Yield PRO Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Meadow East, a multifamily property in Potsdam, New York. Gault, Seth Glasser and Mike Fusco…...