Colliers' Steve Lannon and Lee Arnold, CCIM Broker $16.25 Million Wesley Chapel Land Sale for Clearwater Bay Associates as Aventon Wesley Chapel Owner, LLC Plans 384-Unit Community
•Colliers
Multifamily News
Commercial Real Estate News
BWE Secures $69.13 Million in Multifamily Financing Across Alabama and Indiana
•BWE
Knightvest Capital Acquires 1,027-Unit Silicon Hills Portfolio in Round Rock, Texas
•Knightvest Capital
CBRE Arranges $10.95 Million All-Cash Sale of 67-Unit Mountain View Apartments in San Bernardino
•CBRE
Quarterra and Kayne Anderson Real Estate Open 384-Unit Emblem Orange Blossom in Naples, Florida
•Quarterra
JLL Arranges $66.875M Refinancing for EPC Real Estate Group and Platform Ventures' Active Adult Community in Fairway, Kansas
•JLL
Greystone Housing Impact Investors LP Sells 288-Unit Vantage at Loveland in Colorado Capital Recycling Move
•Greystone Housing Impact Investors LP
FinancingMultifamilyMixed Use+1
Strathcona Capital and Belay Investment Group Close $32.7 Million Construction Loan for 105-Unit Seattle Multifamily Project
Strathcona Capital and Belay Investment Group have closed a $32.7 million senior construction loan for 1 Fremont, a 105-unit mixed-use multifamily project in Seattle's Fremont Village neighborhood. The deal also marks the launch of a programmatic joint venture between the two firms targeting construction and bridge financing opportunities across the United States.
•Belay Investment Group
Property Transactions
Fogelman Properties Acquires 288-Unit The Ovilla in Red Oak, Expanding Texas Footprint
Fogelman Properties has acquired The Ovilla, a 288-unit apartment community in Red Oak, Texas, part of the Dallas-Fort Worth metro area. The purchase brings Fogelman's Texas portfolio to nine communities totaling 3,012 units under management.
•Multifamily
Property TransactionsMultifamily
JVM Realty Acquires 280-Unit Springs at Oswego from Continental Properties in Cushman & Wakefield-Brokered Deal
JVM Realty has acquired Springs at Oswego, a 280-unit townhome-style apartment community in Oswego, Illinois, from Continental Properties. Cushman & Wakefield's Brad Smith and Jack Maloney represented the seller in a transaction that drew more than 20 qualified offers.
•Cushman & Wakefield
DevelopmentMultifamily
Thompson Thrift to Develop 300-Unit Rivet Apartment Community in Chelsea, Alabama
Thompson Thrift has announced plans to develop Rivet, a 300-unit Class A apartment community on nearly 29 acres along the U.S. 280 corridor in Chelsea, Alabama. The project, capitalized through the Thompson Thrift 2025 Multifamily Development, LP, is targeting first occupancy in late 2027.
•Thompson Thrift
More News
FinancingMultifamily
Greystone Closes $16.1 Million Freddie Mac Refinance for 290-Unit Dallas Multifamily Property
Greystone has closed a $16,149,000 Freddie Mac refinance for Sunchase Park and Ramblewood Apartments, a 290-unit multifamily community in Dallas, Texas. The five-year, fixed-rate loan was originated by Tony Spaeth, TJ Spaeth, and Dylan DiBello on behalf of borrower Texcan Ventures IV, LTD.
•Greystone Real Estate Capital
Corporate UpdatesMultifamily
KlaraBo Applies for Nasdaq Stockholm Delisting as Sveafastigheter Merger Advances
KlaraBo Sverige AB has applied to delist its Class B shares from Nasdaq Stockholm, a move triggered by the company's planned statutory merger with Sveafastigheter AB. The delisting remains conditional on regulatory approvals and the completion of a roughly 4,100-apartment portfolio acquisition from SBB i Norden AB.
•KlaraBo
Property TransactionsMultifamily
Nordic Partners Investments Acquires 107-Unit Seattle Apartment Building for $14.4 Million
Bellevue-based Nordic Partners Investments has acquired a 107-unit apartment building in Seattle's First Hill neighborhood for $14.4 million, marking the five-year-old firm's largest transaction to date. The property at 415 Boren Avenue traded at approximately $134,579 per unit, roughly 55% below the average per-unit price for comparable Seattle multifamily assets.
•Kidder Mathews