WARREN, R.I. — NAI Hunneman has brokered the $3.85 million sale of the 63-unit Warren Apartments, a garden-style brick complex in Warren. Robert Tito of NAI Hunneman represented the seller, Warren Metacom, and procured the buyer, Diversified Funding.
PEACHTREE CITY AND TUCKER, GA. — Atlanta-based QR Capital has acquired two multifamily properties, the 180-unit Concord Village in Peachtree City and the 180-unit Gwinnett Station in Tucker, from Harmony Properties for $15.75 million. QR Capital plans to complete $2.3 million in renovations to the properties. Brad Simmel and Shea Campbell of CB Richard Ellis' Atlanta office represented the seller in the transaction. Richard Jordan and Matt Forgione of CBRE's Atlanta office secured debt financing through NXT Capital.
CLEARWATER, FLA. — Grandbridge Real Estate Capital has arranged a $4.5 first mortgage loan for a 171-site manufactured home community in Clearwater. Stephen Marshall and Todd Elkins of Grandbridge's Tampa, Fla., office arranged the 10-year loan with a 25-year amortization schedule through an insurance company.
LAFAYETTE, IND. — Marcus & Millichap has arranged the $1.1 million sale of the 40-unit Banstead Court Complex, located at 2100-2105 Banstead Ct. in Lafayette. Scott Harris of Marcus & Millichap's Oak Brook, Ill., office and Colin Atkinson of the firm's Indianiapolis office represented bother parties in the transaction.
NEW YORK CITY — New York City-based Massey Knakal has brokered the $7.8 million sale of a 15,000-square-foot apartment building, located at 156 Prince St. in New York City's SoHo neighborhood. Robert Burton of Massey Knakal brokered the transaction, along with Julie Weintraub and Lauren Schaffer of Prudential Douglas Elliman.
NEW YORK CITY — PCCP has offered $24 million in two loan structures to a private institutional investor for the refinance and construction completion of 155 Bay St. and 130 Bay St. Landing, two residential condominium properties totaling 153 units in Staten Island. Both properties are currently under construction.
NEW YORK CITY — An eight-unit apartment building, located at 158 Garfield Pl. in Brooklyn, has been purchased for $1.62 million. Jakub Nowak of Marcus & Millichap's Brooklyn office and Matthew Fotis of the firm's Manhattan office represented both parties in the transaction.
NEW YORK CITY — GFI Realty Services has brokered the $1 million sale of the 10,757-square-foot 162 Linden Blvd., a 4-story walk up apartment building in Brooklyn. The property features six residential units and three stores. Shlomo Antebi and Yaniv Simantov of GFI brokered the transaction.
PHOENIX – The 224-unit Fountain Oaks apartment community in Phoenix has sold to Summit Equity Investments for $8.3 million. The property, located at 1225 N. 40th Street, was built in 1983 and consists of about 158,814 square feet. Summit Equity represented itself in this transaction. Cindy Cooke, Brad Cooke and Carrie Burton of Colliers International’s Phoenix office represented the seller.
MURPHY — Love Funding has closed a $9.22 million construction loan for the 75,510-square-foot Orchard Park of Murphy, an assisted living center under development in Murphy. Joshua Hausfeld of Love Funding secured the loan with a a 40-year term through the U.S. Department of Housing and Urban Development (HUD) on behalf of the owners, McFarlin Group and Caddis Partners. The 84-bed community is slated to open in mid-2012.