Northmarq Brokers $20M Sale of St. Louis Metro Apartments
Northmarq’s Midwest Multifamily Investment Sales team completed the sale of Stoney Pines Apartments, a newly constructed 128-unit multifamily community located in Barnhart, Missouri, within the St. Louis MSA for more than $20 million.
Northmarq’s Parker Stewart, Dominic Martinez, Alex Malzone and Charlie McKee represented the seller, a local developer. The buyer was Storyboard Living. “Stoney Pines represents the ongoing ‘flight to quality’ trend among multifamily investors,” said Stewart. “Storyboard Living was able to acquire the property at a compelling basis with the opportunity to realize substantial operational upside through hands-on management.”
Completed in 2024, Stoney Pines Apartments is strategically positioned off Interstate 55. The property is also just a 15-minute drive from a $400 million state-of-the-art manufacturing facility for James Hardie, a global leader in fiber cement siding and exterior design solutions. The facility, currently under construction, is expected to bring significant economic activity and job growth to the area.
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Synergy Hosts Official Opening for Massachusetts’ Largest Office-to-Resi Conversion
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MBTA Issues RFQ for Redevelopment of Lynn Commuter Parking Garage
The Massachusetts Bay Transportation Authority (MBTA) has issued a request for qualifications from would-be redevelopers of its downtown Lynn, MA commuter parking garage. It’s the first of a two-step process, to be followed by a request for proposals. The five-story garage opened in 1992 and has been partially closed since 2022 over safety concerns, ItemLive...
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Kidder Mathews Arranges Sale of 45-Unit Multifamily in Walla Walla
Suncrest Apartments, a 45-unit multifamily community located at 1800 Evergreen Street in Walla Walla, Washington, has sold for $4.3 million. Kidder Mathews Vice President Max Frame of the Simon | Anderson Multifamily Team in Seattle represented the seller, Art Griff, in the transaction. The buyer was Jason Zook. Situated on 1.72 acres, Suncrest Apartments consists...
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout