by Kipp Gillian | Jun 3, 2024 | Multifamily
Interra Realty brokered the sale of a three-building, 114-unit multifamily portfolio on the city’s South Side for $9.3 million, or $81,578 per unit. Interra Managing Partner Lucas Fryman represented the portfolio’s buyer and seller, both based in Brooklyn. Two...
by Kipp Gillian | Jun 3, 2024 | Multifamily
Affordable Housing Investment Brokerage Inc. (AHIB) was retained by a court-appointed receiver to identify and secure new owners for portions of Heartland Housing’s Wisconsin portfolio, which included 166 affordable housing units across five properties in...
by Kipp Gillian | Jun 3, 2024 | Multifamily
Berkadia closed the sale of Bella Vista, an 88-unit, garden-style multifamily property in Tacoma, Washington, for $18.5 million. Senior Managing Director Kenny Dudunakis, Managing Directors Benjamin Johnson, David Sorensen, and Jay Timpani, and Directors George Pallis...
by Kipp Gillian | Jun 3, 2024 | Multifamily
Landsea Homes Corporation said Monday it had closed on 44 homesites for a new community called Mason in Anaheim. Sales are anticipated to start later this year. On the corner of Lincoln Avenue and Laxore Street, Mason will include three-story townhomes with four...
by Kipp Gillian | Jun 3, 2024 | Multifamily
Marcus & Millichap closed the sale of 5018-22 Saratoga Ave., a six-unit apartment property located in San Diego. The asset sold for $3,000,000, or $500,000 per unit. “The deal reflects consistent performance of well-located assets in a dry commercial market where...
by Kipp Gillian | Jun 3, 2024 | Multifamily
The Los Angeles-based Colliers Mortgage Structured Finance Group arranged $24.4 million in construction financing for Kingsley Apartments, a planned 136-unit, 100% affordable property in Los Angeles’ Koreatown submarket. Leveraging the city’s new Executive Directive 1...
