Property Acquisitions and Dispositions
The Mogharebi Group (TMG) has arranged the $9.25 million sale of Plaza Grande, a 92-unit multifamily community in Salinas, CA. TMG represented the Monterey-based developer-owner of the fully occupied affordable housing community in its sale to a Los Angeles County-based private investor.
The $77M Montage at Marquis Apartments will deliver 265 apartments to the Virginia Beach-Norfolk-Newport News metropolitan area
Eagle Property Capital and Belay Investment Group close on the sale of Woodchase & Clarendon, an 18-structure, 266-unit community which they acquired in 2016
Berkadia announces it has secured a $27.69 million loan for the acquisition of 161 out of 248 units at Harbourtowne at Country Woods, a fractured condominium community in Palm Harbor, Florida. Senior Managing Director Charles Foschini and Managing Director Christopher Apone of Berkadia Miami arranged the financing on behalf of the buyer, ESG Kullen.
DoveHill Capital Management acquired the recently renovated full-service hotel
Morabito Properties, with the help of design firm Arquitectonica, redeveloped the former warehouse which will be occupied by Knotel, a flexible workspace platform