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News
City Realty Acquires Brookline Massachutssets Multifamily Portfolio for $23M
1+ day, 5+ 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, 5+ 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, 5+ 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....
Related Company Pays $110M for Atlanta-Area Apartments
1+ day, 4+ hour ago (94+ words) Yield PRO Related Company paid $110 million for a 468-unit garden-style apartment complex in the Roswell/Alpharetta area. The seller was Post Real Estate Group. The Manchester at Mansell apartments were built in 1984 and offer one-, two-, and three-bedroom floor plans....
Institutional Property Advisors Brokers Oregon Multifamily Property Portfolio
2+ day, 1+ hour ago (144+ 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 Oak Vale, a 257-unit property in Corvallis, and 181-unit Anjou Club in Talent. The two Oregon multifamily…...
400 South Tryon Mixed-Use Redevelopment to Include 399 Residences and W Hotels in Uptown Charlotte
3+ day, 23+ 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…...
Marcus & Millichap Brokers Sale of Free-Market Mixed-Use Property in Brooklyn
3+ day, 3+ hour ago (192+ words) Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood of Brooklyn. The asset…...
April Housing Extends Affordability for at Least 30 More Years at an Affordable Housing Community in Homestead Florida
3+ day, 3+ hour ago (182+ words) yieldpro.com Built in 2002, the community includes 336 apartment homes across 25 buildings. The Housing Finance Authority of Miami-Dade County is the project’s public partner. NEI General Contracting will serve as the general contractor, and Hooker DeJong will serve as the architect....
Institutional Property Advisors Brokers 399-Unit Mid-Cities Texas Multifamily Sale
3+ day, 3+ 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…...
1534 Shenandoah
3+ day, 3+ hour ago (398+ words) Marcus & Millichap Arranges $5.4M Sale and $3.8M Financing of 20-Unit Multifamily Property in Los Angeles 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 and financing of…...