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“The buyer was in a 1031 exchange and paid full price for the asset, because they understood the value of the property and this location,” says Marcus & Millichap's Mark Taylor.
CrowdStreet crossed the $500 million threshold in total online investments last month, with many of the funded projects under the radar of large institutional equity investors.
Avanath Capital Management LLC recently acquired Blunn Creek, a 280-unit affordable housing community, for $35.15 million, in a submarket with limited affordable housing options but high demand.
With One Legacy West nearing full occupancy and receiving $77 million in refinancing funds, Gaedeke Group announces the kick-off of its next project, Two Legacy West, adjacent to One Legacy West.
The real estate development firm and the non-profit economic revitalization organization worked together on this $26 million large-scale housing and retail property project.
Holliday Fenoglio Fowler, L.P., which worked on behalf of Beachwold, reports that the financing will be used to refinance existing debt on the 400-unit The Place at Alafaya in Orlando and to acquire Litchfield Place, a 76-unit development in Savannah.
Commercial brokerage firm CBRE reported the sale transaction of the fee-interest of 182,753-square-foot Class A property at 2101 Park Center Drive and 2145 Metrocenter Boulevard to Metrocenter Office, LLC.