LA JOLLA, CALIF. — In Eden, a 17-unit apartment building in La Jolla, has sold to an unnamed buyer for $8.9 million. The community is located at 600-616 Prospect Street. The seller, a limited liability company, was represented by Aaron Bove and Ben Tashakorian of Marcus & Millichap’s San Diego office. The buyer was represented by Dave Plutner of DP Properties.
GOODYEAR, ARIZ. – The 69-unit Greenwood Apartments in Goodyear has sold to Neil Sechan and Mathew Messner for $3.4 million. The community is located at 1322 N. La Jolla Blvd. The seller, Park Shadows Country Homes, was represented by Brian Smuckler and Jeff Seaman of CBRE’s Phoenix office.
CINCINNATI — Bellwether Enterprise Real Estate Capital LLC has closed a Freddie Mac loan totaling $10.39 million for the refinancing of Northgate Meadows, a multifamily property in Cincinnati. The 10-year loan has a 30-year amortization schedule. The property, located at 10101 Arborwood Drive, has 272 units. Elmer Cole of Bellwether Enterprise originated the loan.
CHICAGO — Marcus & Millichap has arranged the $700,000 sale of a 28-unit apartment property in Chicago. The multifamily property, located at 8321 S. King Drive, consists of five studio apartments, 10 one-bedroom units and 13 two-bedroom units. Ryan Engle and Anthony Hardy represented the buyer, a limited liability company, and the seller, an individual trust.
EDMOND, OKLA. — The LaSalle Group has plans to build the 28,000-square-foot Autumn Leaves of Edmond, an $8.8 million memory care community located at 1001 S. Bryant Ave. in Edmond. The community will serve residents living with Alzheimer's, dementia and memory impairment. The project is the result of a partnership between The LaSalle Group and Silverado Interests. The community is scheduled for a fourth quarter 2013 opening.
COPPELL, TEXAS — Johnson Capital has arranged a $7.82 million FHA Section 223(f) loan secured by the 56-unit Estates of Coppell, a townhome community located in Coppell. Scott Graber of Johnson Capital's Denver office arranged the 35-year loan on behalf of the borrower, a family business that originally developed the community. Huntoon Hastings, a subsidiary of Johnson Capital, funded the loan.
NEW YORK CITY — A development site at 152-154 Leroy St. has sold for $10.2 million in Manhattan. The site, which is currently used as a parking lot, has approximately 27,980 buildable square feet. A development project could have potential water views and is near Hudson River Park. James Nelson of Massey Knakal represented the seller in the transaction and Elaine Tross of Halstead Property represented the buyer.
NEW YORK CITY — Marcus & Millichap has arranged the $3.6 million sale of 16-18 Bedford Ave., a seven-unit apartment building in Brooklyn. Matthew Fotis, Shaun Riney and Michael Salvatico of Marcus & Millichap represented the seller, a private investor. They also represented the buyer, a fund manager.
CAMBRIDGE, MASS. — RCG has acquired 12 apartment units at 11-21 Pine St. in Cambridge for $2.3 million. David Ross, Robert Tito, Gina Barroso and Robert Tito Jr. of NAI Hunneman represented the seller, First Cambridge Realty, in the transaction. They also procured the buyer.
IRVING, TEXAS — Dallas-based American Communities has acquired Chaparral Creek, a multifamily property with more than 500 units located at 3701 N. O'Connor Road in the Las Colinas neighborhood in Irving. Amenities include a newly renovated fitness center, community center, four swimming pools, covered parking and onsite laundry facilities. American Communities was founded in May 2012.