Monthly Archives: August 2022

Capital Square Completes Acquisition of 402-Unit Rivergate Luxury Apartment Community in D.C. Submarket of Woodbridge, Virginia

WASHINGTON, DC – Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer of multifamily communities, announced the acquisition of Rivergate, a luxury 402-unit multifamily community in the Washington, D.C. suburb of Woodbridge, Virginia. The community was acquired on behalf of CS1031 Rivergate Apartments, DST. “I thought it […]

Toll Brothers Apartment Living and PGIM Real Estate Announce Joint Venture to Develop 422-Unit Luxury Rental Community in San Diego

SAN DIEGO, CA – Toll Brothers, the nation s leading builder of luxury homes, through its Toll Brothers Apartment Living rental division, and PGIM Real Estate, the $208.7 billion real estate investment and financing business of PGIM, have announced a new joint venture to develop The Lindley, a 37-story, 422-unit multifamily rental community in San […]

Stepp Commercial Completes $4.805 Million Portfolio Sale of Two Adjacent Apartment Assets Totaling 12 Units in Los Angeles’ Brentwood Neighborhood

Los Angeles, Calif. – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $4.805 million portfolio sale of two adjacent apartment buildings totaling 12 units located at 11307 Isleta Street and 217 Church Lane in the Brentwood neighborhood of Los Angeles.  Stepp Commercial Principal Kimberly Stepp represented the seller […]

Stepp Commercial Expands Multifamily Brokerage Team; Seasoned Commercial Real Estate Expert Larry Bustamante Joins Firm as Vice President

Los Angeles, Calif. – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, is pleased to announce that commercial real estate industry veteran, Larry Bustamante has joined the firm as Vice President.  Bustamante brings more than 35 years of experience in the real estate industry to Stepp Commercial. He has a depth […]

Mesa West Capital Funds $49 MM Loan to Recap W. Palm Beach Apartment Community

Mesa West Capital has provided a joint venture of ESG Kullen and Angelo Gordon with $49.24 million in first mortgage debt for the recapitalization of a 219-unit multifamily property in Palm Beach County, FL.    The floating rate loan is secured by Monteverde at Renaissance Park located at 1625 Renaissance Commons Blvd. in Boynton Beach, […]

GiGstreem Acquires netBlazr, a Boston Internet Provider

GiGstreem, a leading provider of high quality residential and commercial broadband networks nationwide, today announced the acquisition of netBlazr, a Boston-based residential and commercial internet provider. The acquisition accelerates GiGstreem’s ubiquitous WiFi network footprint in the greater Boston area, increases staff and expands its local customer support and engineering capabilities.   “We’ve had a relationship […]

MG Properties Group Completes Acquisition of Newly Combined Eleanor and H16 Midtown Apartment Communities in Sacramento

SAN DIEGO, CA – MG Properties Group, a private San Diego-based real estate investor and operator, is further expanding its Sacramento presence, with the acquisition of Eleanor and H16 Midtown Apartments. The two newly combined communities are located along the 16th street corridor in the Midtown submarket of Sacramento. Each community has an attractive contemporary […]

Hamilton Zanze Completes Disposition of 232-Unit Alicante Apartment Community in Highly Desirable Las Vegas-Paradise Submarket

LAS VEGAS, NV – San Francisco-based real estate investment firm Hamilton Zanze announced the sale of Alicante Apartments in the desirable Las Vegas-Paradise submarket of Las Vegas, Nevada. The firm purchased the Class B+ community in February 2017 and the sale closed on July 19, 2022. During their ownership, Hamilton Zanze completed many successful renovations […]

Beacon Real Estate Group Transforms Apartment Community in Raleigh, North Carolina

Real estate firm advances multimillion-dollar improvement plan for Lofts at North Hills   RALEIGH, NC (Aug. 29, 2022) – Beacon Real Estate Group, the Miami-based commercial real estate firm with an expansive portfolio across the Sun Belt, is revitalizing the 184-unit Lofts at North Hills in Raleigh, North Carolina. The firm purchased the property in […]

MG Developer Celebrates the Opening of the Gables Village Showroom in Coral Gables, Florida

One of the most expansive and exclusive enclaves to be built in the City Beautiful hosts ribbon cutting event for its sales gallery with Mayor Lago, key dignitaries, and partners   MG Developer announces the grand opening of its showroom for their newest and most exclusive project, “Gables Village,” a 48-residence collection inspired by the […]