Multifamily investment firm Magma Equities has made its third investment in the Raleigh-Durham MSA this year, with the off-market acquisition of a 199-unit garden style apartment community in downtown Raleigh, NC.

Los Angeles, Calif. – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $4.05 million sale of The Suites on Lincoln, located at 911 Lincoln Boulevard, just south of stylish Montana Avenue in the desirable North of Wilshire neighborhood of Santa Monica, CA. The 10-unit, two-story property was built in 1958 and was 70 percent occupied. 

Columbia, S.C. – Berkadia announces it has arranged $20.065 million in acquisition financing for Arcadia’s Edge, a 204-unit multifamily community in Columbia, South Carolina. Senior Managing Director Charles Foschini and Managing Director Christopher Apone of Berkadia’s Miami office secured the loan on behalf of West Shore LLC.

Kiser Group, Chicago’s leading multifamily brokerage firm, recently brokered three West Ridge apartment buildings in separate transactions. 6300 N. Leavitt sold for $3,000,000, 6515 N. Seeley sold for $2,650,000, and 2737 W. Glenlake sold for $880,000. Kiser Group’s Danny Logarakis represented both the buyer and seller in all of the transactions. 

Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it brokered the sale of 6415-25 N. Richmond St., a 37-unit rental community in Chicago’s West Rogers Park neighborhood. The asset sold for $4.27 million, or $115,405 per unit, making it the largest multifamily sale in West Rogers Park by total price and unit count so far in 2019, according to CoStar data.