JLL Capital Markets handled the sale of Cortona and Encore at Forest Park

San Diego, Calif. – 29th Street Capital (29SC), a privately-held real estate operator, has acquired Villa Del Sol Apartments, a Class B, 203-unit multifamily asset located in the College East submarket of San Diego. 29SC plans to make improvements to unit interiors, including adding vinyl-plank flooring, updating countertops and installing stainless-steel appliances. The firm also plans value-creating improvements to the property’s amenities, roof and curb appeal. 

Los Angeles, Calif. February 25, 2021 – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $7.68 million sale of The Flynn, a 37-unit apartment property located at 170 S. Mountain View Avenue in Los Angeles. The newly renovated property is within the MacArthur Park neighborhood, which is near the border of Echo Park and Koreatown.

Affordable Housing Investment Brokerage Inc. (AHIB) has recently sold Baker Manor Apartments in Macclenny, Florida for just over $2.5 million, with a reserve account released to the seller as additional consideration. Managing Director Kyle Shoemaker represented both the purchaser, The Grey Rock Group, and the seller to complete the transaction.

7600 S. South Shore Drive and 7763 S. South Shore Drive, located in the South Shore neighborhood of Chicago have been listed for sale by Kiser Group’s Birk | Sklar team. The 61-unit multifamily portfolio, located along Lake Michigan on Chicago’s historic South Shore Drive, is offered at $4.65 million. Partners Noah Birk and Aaron Sklar are marketing the properties.

“People love to say an investment opportunity is rare. Well, this portfolio is just that,” said Sklar. “Where else can you buy this scale, on Lake Michigan in the South Shore market for under $5 million?”

The properties are within walking distance of Rainbow Beach on Lake Michigan, the future Barack Obama Presidential Center, Chicago’s South Works site and well connected to major thoroughfares.

“There’s only so much lakefront property available in Chicago,” said Birk. “Whenever we bring buildings to the market on South Shore Drive, the interest levels are always impressive”

7600 S. South Shore Drive comprises 39-units including three studios, 30 one-bedroom, one-bathroom units and six two-bedroom, one-bathroom units. Rents range between $550 to $1,062 per month. The multifamily asset is a century-old brick building that has been well maintained as offers residents large floor plans.  

JLL Capital Markets completed the sale of the Class A apartments in the Sarasota area

JLL Capital Markets arranged the sale of five-story building at 121 East 37th St. in New York 

JLL Capital Markets executed the financing of the Class A, Wynwood district apartments

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., 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 MCR Apartments for $6,800,000 ($61,261/unit). This sale consisted of 111 multifamily units built in 1955, located at 226 W. St. Louis Ave in Las Vegas, Nevada.