NEW YORK CITY — Sam Schneider and Daniel Glaser of Eastern Consolidated have completed the $7 million sale of a four-story townhome in Manhattan’s Greenwich Village in New York City. Located at 129 Charles St., the property also includes 9,000 square feet of air rights. The new owner plans to restore the property for use as a residential facility. Schneider and Glaser represented the seller, Ed Friedman, and procured the undisclosed buyer in the sale.
NEW YORK CITY — Marcus & Millichap has brokered the $1.2 million sale of an 8-unit multifamily property in Brooklyn, New York City. Located at 217 St. John’s Place, the property was part of a larger portfolio of properties located throughout Park Slope and Brooklyn Heights. Matthew Fotis, Daniel O’Brien, Matthew Rosenzweig, Michael Frost and David Shorenstein of Marcus & Millichap represented the undisclosed seller, and Fotis also secured the undisclosed buyer in the transaction.
MIDLAND, TEXAS — Dallas-based BMC Capital has originated a $9 million loan for an apartment complex located in Midland. The 30-year, fixed-rate loan was for the refinancing of the 296-unit property. Keith Van Arsdale of BMC Capital’s Houston office announced the transaction.
GLADEWATER, TEXAS — Boston Capital Finance (BCF) has closed an approximately $1.4 million, permanent-only loan for the Gardens of Gladewater, a senior living complex in Gladewater. The 36-unit property, which is situated on 5.86 acres at 108 W. Sheppard Dr., comprises 15 duplex buildings. The senior living facility includes a small outpatient facility among its amenities.
FULLERTON, CALIF. — Jon Mitchell and Tyler Leeson of Marcus & Millichap have brokered the sale of The Logan Apartments, which is located at 3902 W. Valentia Dr. in Fullerton. Built in 1990, the property consists of 11 two-bedroom/two-bath units. The complex sold for $2.15 million or $195,454 per unit. The buyer and seller were not disclosed.
DALLAS Dallas-based Quantum First Capital has closed an $11 million acquisition loan for Wedgwood Tower Residences located at 2511 Wedglea Dr. in Dallas. The company originated the 3-year bridge term loan on behalf of a private, out-of-state borrower that plans to renovate both the interior and exterior of the 11-story property. Built in 1964 and first renovated in 2005, the high-rise complex houses 299 units on 8.2 acres. Jason Rice of Quantum First Capital originated the loan through Legg Mason Real Estate Investors.
MESA, ARIZ. — Phoenix-based Tidan USA has acquired Sun Valley Ranch, a 308-unit apartment community located at 7353 E. University Dr. in Mesa, for $31.5 million or $102,273 per unit. A partnership between Steve Robson of Tempe, Ariz.-based Scott Homes and Chuck Kohlhase of Mesa sold the property. At the time of acquisition, the property was 90 percent occupied. Danny Lee and Neil Sherman of Scottsdale, Ariz.-based Axxiom Partners LLC represented both parties in the transaction.
SCOTTSDALE, ARIZ. — Scottsdale-based WestStone Communities is developing Vantage, a 127-unit condominium community located in the Ahwatukee Foothills area of Scottsdale. Located at Chandler Boulevard and Fifth Avenue, the property features two swimming pools, a heated spa, an outdoor fireplace and lounging area, an outdoor entertainment/bar area with barbeques and pool-side cabanas, a private movie theatre with a plasma television, a state-of-the-art fitness center, and a clubhouse. The community offers two- and three-bedroom residences ranging in size from 1,170 to 2,168 square feet.
PASS CHRISTIAN, MISS. — Harbor Town Development Group is building Harbor Town at The Pass, a $26 million, 165,000-square-foot multifamily development in Pass Christian, located at 122 Market St. The project features 78 residential units and 21,000 square feet of commercial space. Rogers, Ark.-based Haynes LTD is designing the project, which will reflect Pass Christian’s ‘old town’ feel. Construction is slated for completion next June.
TAMPA AND OCALA, FLA. — Paul Stasaitis and Terri Echarte of Holliday Fenoglio Fowler’s Miami office have arranged a $61 million loan for two Class A multifamily properties in Tampa and Ocala, on behalf of Brookfield Real Estate Opportunity Group. Vista Grande at Tampa Palms is a 378-unit community in Tampa, located at 17220 Heart of Palms Dr. Deerwood Village is a 328-unit complex in Ocala, located at 1850 Southeast 18th Ave. Both communities feature clubhouses and swimming pools.
