Property Acquisitions and Dispositions
DENVER – JLL Capital Markets announced that it has arranged $38.5 million in construction financing, in addition to Co-GP equity, for Residences at Bolivar, a 184-unit, Class A, luxury multi-housing development with 2,611 square feet of ground-floor retail located in downtown Cleveland, Ohio.
News From Archway Equities
The Mogharebi Group (TMG) has arranged the $50.5 million sale of The Landing Apartments, a 156-unit multifamily community in Ontario, CA.
Magma Equities and a global real estate fund managed by Macquarie Asset Management has acquired Bardin Greene, a 285-unit garden style multifamily property in the Dallas-Fort Worth Metro city of Arlington, TX from Moody National Companies in an off-market transaction.
Berkadia announces it has arranged a $12 million refinance loan for The Forge Lofts, a 35-unit boutique building completed in 2022 in the heart of the FATVillage™, downtown Fort Lauderdale’s historic warehouse-turned-tech district. Managing Director Brad Williamson, Senior Managing Director Mitch Sinberg, Managing Directors Scott Wadler and Matt Robbins of Berkadia South Florida arranged the loan on behalf of the sponsor, Urban Street Development, a full-service development firm based in Fort Lauderdale.
ONE Sotheby’s International Realty Global Commercial Director Manny Chamizo III brokers nearly $1,000 per square-foot transaction
Las Vegas-based real estate investment and development firm Camino Verde Group recently acquired Sherwood Apartments in Midtown Las Vegas. Located just east of Las Vegas Boulevard, the 10-unit building will be a welcome addition to Camino Verde Groups’ five nearby communities, including Camino 2575, Camino 2556, Camino 2630, The Radcliff and Sherwood Palms. The acquisition brings the total number of units the firm has in the area to 140.
The Mogharebi Group (TMG) has arranged the $11.4 million sale of the 92-unit Northbrook Apartments in Fresno, CA.
JLL Capital Markets announced today that it has arranged the $58 million refinancing for 3 Journal Square, a 240-unit, luxury, mid-rise multi-housing apartment building located in Jersey City, New Jersey.
