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Kennedy Wilson Buys 343-Unit Apartment Complex Near Seattle for $135M

ISSAQUAH, WASH. — Kennedy Wilson (KW) has purchased the 343-unit Atlas apartment complex in the Seattle suburb of Issaquah for $135 million. The community is located at 1036 7th Ave. NW. Atlas features a mix of studio, one- and two-bedroom units ranging from 513 square feet to 1,239 square feet across five mid-rise buildings. The brand-new community includes a fitness center and exercise studio, co-working pods, lounge areas, fire pit, and large outdoor courtyard with seating and barbecue..

November 22, 2017

Pride Rock Acquires 240-Unit Apartment Community in Colorado Springs

COLORADO SPRINGS, COLO. — Pride Rock has acquired The Preserve at Hidden Creek, an apartment community in Colorado Springs, for an undisclosed sum. The 240-unit community is located at 5910 Vista Ridge Point. The Preserve was built in 1996. Many of the units have been recently upgraded with vinyl plank flooring, new appliances and refinished countertops. Community amenities include a clubhouse, fitness center, pool, hot tub, barbecue grilling station, fire pit and more than 480 parking..

November 22, 2017

Lee & Associates Arranges Sale of Seven Acres in Murrieta for Memory Care Community

MURRIETA, CALIF. — Lee & Associates – North San Diego County has arranged the sale of seven acres of land in Murrieta, located between Los Angeles and San Diego, for $1.3 million. The buyer plans to construct a 137-unit memory care community on the site. The plot is an infill development opportunity located near retail, schools, parks and new residential developments in the expanding region. Murrieta’s population more than doubled between 2000 and 2010, according to Lee &..

November 22, 2017

Cignature Realty Negotiates $13.2M Sale of Multifamily Building in Manhattan

NEW YORK CITY — Cignature Realty Associates has facilitated the sale of a six-story multifamily building located at 221 Wadsworth Ave. in the Washington Heights section of Manhattan. An undisclosed buyer acquired the building for $13.2 million. Built in 1928, the 41,736-square-foot building features 54 apartments. Peter Vanderpool and Lazer Sternhell of Cignature Realty represented the undisclosed seller and buyer in the transaction.

November 22, 2017

Hilliker Corp. Arranges Sale of 386,000 SF Historic Building in St. Louis

ST. LOUIS — Hilliker Corp. has arranged the sale of the 386,000-square-foot Masonic Temple in St. Louis. The sales price was not disclosed. Completed in 1926, the historic building is located at 3681 Lindell Blvd. Ben Hilliker and Scott Martin of Hilliker Corp. represented the seller, Masonic Temple Association of St. Louis. The Masons plan to move to a new undisclosed location. Realty Exchange represented the buyer, Brandonview LLC. The Masonic Temple features six full-floor levels and..

November 22, 2017

Kiser Group, AHIB Negotiate $11.2M Sale of Affordable Housing Portfolio in Chicago

CHICAGO — Kiser Group and Affordable Housing Investment Brokerage Inc. (AHIB) have negotiated the sale of 167 affordable housing units in Chicago for $11.2 million. Lyndale Place is a 67-unit property located at 2575 W. Lyndale St. in the Logan Square neighborhood. Renaissance West is a 111-unit building located at 2517 W. Fullerton Ave. in the Bucktown neighborhood. The Habitat Co. purchased the portfolio from Renaissance Cos. Michael D’Agnostino of Kiser Group and Kyle Shoemaker of AHIB..

November 22, 2017

CBRE Brokers Sale of 232,389 SF Office Building in Dallas

DALLAS — CBRE has brokered the sale of Hidden Grove at 12404 Park Central, a 232,389-square-foot office building located in the Park Central area on Dallas’ north side. The Class A property was 99.8 percent leased at the time of sale. A partnership between Reserve Capital Partners and Trinity Private Equity Group purchased the asset from Red River Asset Management for an undisclosed price. John Alvarado, Gary Carr, Eric Mackey, Evan Stone, Jared Chua and Robert Hill of CBRE represented the..

November 22, 2017

GFI Acquires 277-Unit Apartment Community Within McKinney’s Craig Ranch

MCKINNEY, TEXAS — New York-based GFI Capital Resources Group has acquired Venue Craig Ranch, a 277-unit multifamily community located within the Craig Ranch master-planned community in McKinney. Developed by Davis Development, the property features a mix of one-, two- and three-bedroom units across seven buildings. Amenities include a pool, fitness center, a game room, putting green and pet park. The property was 87 percent occupied at the time of sale.  

November 22, 2017

Continental Realty Acquires Apartment Community in Atlanta’s West Midtown District for $80M

ATLANTA — Continental Realty Corp. (CRC) has acquired Millworks, a 345-unit apartment community located at 1888 Emery St. in Atlanta’s West Midtown district, for $80 million. The Baltimore-based company acquired the asset on behalf of Continental Realty Fund IV LP, a $164 million fund focused on the acquisition of retail and multifamily properties throughout the Mid-Atlantic and Southeast. Derrick Bloom, David Gutting and Brandon Beaty of JLL arranged the transaction on behalf of the seller..

November 22, 2017

Cushman & Wakefield Arranges $21M Sale of Multifamily Community in Mobile

MOBILE, ALA. — Cushman & Wakefield has arranged the $21 million sale of Woodside, a 240-unit apartment community in Mobile. Jimmy Adams and Josh Jacobs of Cushman & Wakefield arranged the transaction on behalf of the seller, Equity Research. Hamilton Point Investments acquired the property. Constructed in 2012, Woodside features a pool with sundeck, fitness center, dog park, business center and a laundry facility.

November 22, 2017