Property Acquisitions and Dispositions

Morabito Properties, with the help of design firm Arquitectonica, redeveloped the former warehouse which will be occupied by Knotel, a flexible workspace platform

This email address is being protected from spambots. You need JavaScript enabled to view it.This email address is being protected from spambots. You need JavaScript enabled to view it. and This email address is being protected from spambots. You need JavaScript enabled to view it. of Northcap Commercial are pleased to announce the recent sale of the 610 and 612 S. 11th Street Apartments for $1,125,000 ($140,625/unit). This sale consisted of 8 units built in 1953, located at 610 and 612 S. 11th Street in Las Vegas, Nevada.

Long Beach, Calif. – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $3.05 million sale of an eight-unit apartment property located at 4321 to 4327 Elm Avenue in the Bixby Knolls submarket of Long Beach, CA. 

Berkadia announces it has arranged the sale of Bend at Oak Forest, a 392-unit, garden-style multifamily workforce community located in Houston. Managing Director Jeffrey Skipworth, Senior Managing Directors Chris Curry and Todd Marix, Managing Directors Chris Young and Joey Rippel and Director Kyle Whitney of Berkadia Houston represented the sellers, a partnership between Goldcor Capital Partners, a real estate investment corporation based in Houston and Excelsa, a real estate investment company based in Bethesda, Maryland.

This email address is being protected from spambots. You need JavaScript enabled to view it.This email address is being protected from spambots. You need JavaScript enabled to view it. and This email address is being protected from spambots. You need JavaScript enabled to view it. of Northcap Commercial are pleased to announce the recent sale of the Sunrise View Apartments for $5,500,000 ($122,222/unit). This sale consisted of 45 units built in 1962, located at 521 N. 14th Street in Las Vegas, Nevada.

Los Angeles, Calif. September 22, 2022 – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $2.99 million sale of an 8-unit apartment property located at 2327 2nd Street in Santa Monica, CA. The property, which sold for $673 per square foot, is in a prime location just one block from Main Street and two blocks from the ocean. 

Ashcroft Capital, a fully integrated multifamily investment firm, today announced the acquisition of four apartment communities totaling 1,080 homes in the Atlanta metropolitan area. Birchstone Residential, Ashcroft Capital’s in-house property management company, has assumed management of the communities.

Berkadia announces it has arranged the sale and financing of 5 Oaks, a 228-unit, multifamily community in Houston. Managing Director Jeffrey Skipworth, Senior Managing Directors Chris Curry and Todd Marix, Managing Directors Chris Young and Joey Rippel and Director Kyle Whitney of Berkadia Houston represented the seller, Haven Realty Capital, a Los Angeles-based real estate investment and management firm.

This email address is being protected from spambots. You need JavaScript enabled to view it.This email address is being protected from spambots. You need JavaScript enabled to view it. and This email address is being protected from spambots. You need JavaScript enabled to view it. of Northcap Commercial are pleased to announce the recent sale of the Stax Studios for $8,650,000 ($196,591/unit). This record price sale for downtown studios consisted of 44 units built in 1963, fully renovated in 2019, located at 501 S. 10th Street in Las Vegas, Nevada.

Berkadia announces it has arranged the sale of The Baldwin, a brand new, 270-unit Class AA garden-style apartment community in Orlando, Florida. Managing Director Brett Moss, Associate Director Tyler Swidler, Senior Managing Director Matt Mitchell, and Senior Financial Analyst Bennett Hopkins of Berkadia’s Orlando and Tampa offices arranged the sale of behalf of the seller, Catalyst Development Partners. Middleburg Communities, a fully integrated multifamily development, investment, construction, and management company operating in the southeastern and mid-Atlantic United States, acquired the property.

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