Daily Archives: August 9, 2022

MG Properties Completes $193 Million Acquisition of 333-Unit Eleanor Luxury Apartment Community in Milpitas, California

MILPITAS, CA – MG Properties, a private San Diego-based real estate investor, owner, and operator purchased Eleanor Apartments, a 333-unit community Milpitas, CA for $193 million. The community is in a premier Bay Area location defined by strong employment growth and desirability. Eleanor is a transit-oriented mixed use community with 10,000 sf of ground floor […]

ACRE Breaks Ground on 331-Unit Pepper Hall Apartment Community in Fast-Growing Greater Savannah Market of Bluffton-Hilton Head

HILTON HEAD, SC – ACRE, a global real estate private equity firm, announced it has broken ground on Pepper Hall Multifamily, a high-end 331-unit multifamily property in Bluffton-Hilton Head, South Carolina. The project is being developed in partnership with Charleston, SC-based Southeast Partners. With construction underway, Pepper Hall is scheduled to officially open in Spring […]

Northcap Commercial Arranges Sale of Nevso Cove Apartments for $16,280,000

Robin Willett, Devin Lee, CCIM and Jerad Roberts of Northcap Commercial are pleased to announce the recent sale of the Nevso Cove Apartments for $16,280,000 ($290,714/unit). This sale consisted of 56 units built in 2001 located at 8780 W. Nevso Drive in Las Vegas, Nevada.   This off-market transaction closed on July 12th, 2022. Northcap Commercial represented the Seller, […]

Greystone Provides a Total of $47 Million in HUD-Insured Financing for Five Skilled Nursing Facility Financings

Greystone, a leading national commercial real estate finance company, has provided a total of $47 million in HUD-insured loans for five skilled nursing facilities located in California, Connecticut, North Carolina, and Ohio. The separate financings, provided to five different borrowers, was originated by Fred Levine, Managing Director at Greystone.  Greystone provided an $8,264,000 loan for […]

Archway Equities Acquires 192-Unit Multifamily Asset in Dallas

Archway Equities (“Archway”) has acquired from HLC Equity, the 192-unit Toscana Apartments, in Carrolton, TX, one of the fastest growing suburbs in Dallas.   The purchase represents Archway’s second apartment investment in the immediate submarket and increases the Beverly Hills, CA real estate investment firm’s Texas holdings to approximately 3,000 units.    “We strongly believe […]

Berkadia Arranges $104.5 Million Acquisition Loan for Westside Capital Group’s Purchase of Atlanta High-Rise Apartments

The 623-unit The Lofts at Twenty25 are located at the intersection of the Buckhead and Midtown submarkets   ATLANTA (July 18, 2022) – Berkadia announces it has secured financing for Westside Capital Group’s acquisition of The Lofts at Twenty25, a landmark, 623-unit multifamily high-rise property located in the heart of Atlanta, Ga.  Senior Managing Director Charles […]