Property Acquisitions and Dispositions
THE MOGHAREBI GROUP ARRANGES MORE THAN $18.35 MILLION SALE OF 66-UNIT FINAL PHASE OF MULTIFAMILY COMMUNITY IN PUGET SOUND AREA
The Mogharebi Group (TMG) has arranged the $18.365 million sale of the 66-unit Samish Station 3, the third and final phase of Samish Station, a 119-unit multifamily community in the Puget Sound city of Bellingham, WA. The buyer, a local family investment partnership, acquired the first two phases of the development earlier this year for $17.6 million.
Brick & Timber and Argosy purchased the boutique office/retail property, designed by Arquitectonica, for $62 million
Los Angeles – JLL Capital Markets announced today that it has arranged the $16.333 million construction financing of The Cannery at Railroad Square, a 129-unit affordable housing project located in Santa Rosa, California. This transaction marks the first Freddie Mac non-LIHTC loan completed in conjunction with the state of California’s Housing Accelerator Funds.
DALLAS, Dec. 12, 2022 – JLL Capital Markets announced today that it has closed the sale of 11th Street Flats, a 134-bed / 45-unit student housing community adjacent to Baylor University in Waco, Texas.
Stepp Commercial Completes $9.325 Million Sale of 24-Unit Apartment Property in Signal Hill, California
Long Beach, Calif. – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $9.325 million sale of a 24-unit apartment property located at 1867 Temple Avenue in Signal Hill, a city completely surrounded by Long Beach.
MORRISTOWN – JLL Capital Markets announced today that it has arranged $11 million in permanent financing for Rahway Plaza Apartments, a two-building, 288-unit high-rise apartment community located in downtown Rahway, New Jersey.
DALLAS, Dec. 6 2022 – JLL Capital Markets announced today that it has closed the sale of Independence Crossing, a 124-unit, boutique, value-add multi-housing community located in the Dallas, Texas suburb of Plano.