Marcus & Millichap (NYSE:MMI) today announced its Institutional Property Advisors (IPA) division has arranged the sale of Mohawk Apartments, a six-building, 91,514-net-rentable-square-foot multifamily property in Brooklyn. Purchased for $56.5 million, the sale of the 86-unit property equates to over $657,000 per unit. “This is the first time the Mohawk Apartments has traded hands in 30 years,” says Peter Von Der...
Drucker & Falk, one of the country’s oldest and most prestigious property management firms, was awarded management for The Villages at Ellis Crossing Apartments in Research Triangle Park. The luxury apartment community sits inside a 300-acre development where plans to build a mix of single-family homes and townhomes plus an additional 60 acres of retail are underway. The Villages at...
Peak Campus, one of the nation’s leading student housing operators, announced today that it was awarded and assumed management for Clover Ridge and Clover Village, two student housing communities totaling 549-beds in South Bend, Indiana. Both properties were acquired by affiliates of Glenmont Capital Management, LLC, a New York-based real estate investment firm, which plans to implement an extensive renovation...
