JLL Capital Markets has secured the $20.6-million sale of Campus View & Traymore Apartments, a historic 126-unit portfolio in New Haven, CT. Senior managing director Steve Simonelli, managing directors Henry Schaffer, Jon Bryant and John Flaherty and analyst Anthony Nakhle worked on behalf of the seller, C.A. White. The buyer was CSRE Group.
“JLL ran a competitive process which ultimately procured several offers varying from portfolio bids to single-asset offers,” said Simonelli. “CSRE Group was ultimately chosen given their portfolio offer and aggressive pricing, demonstrating continued investor confidence in the New Haven multifamily market.”
This is the second transaction that JLL secured on behalf of C.A. White. The Capital Markets team also arranged the sale of Centerpointe Apartments to The Simon Konover Company. The 83-unit multifamily community, located at the corner of Church Street and Chapel Street in Downtown New Haven, sold for $20.25 million this past January.
Campus View Apartments, located at 84 Howe St., was originally built in 1925 and features 77 units. Built in 1920 and located at 120 Dwight St., Traymore Apartments offers 49 units.
Ariel Property Advisors closed the $21-million sale of a development site at 566 Grand Ave. and 836 Dean St. in Prospect Heights, Brooklyn. The corner development site comprises approximately 86,065 buildable square feet and traded for approximately $244 per buildable square foot. The transaction was arranged by Ariel partner Sean R. Kelly along with associate...
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Marcus & Millichap arranged the sale of Knott-Orange Apartments, a 35-unit multifamily property located at 515 S. Knott Ave. in Anaheim. The property sold for $9.65 million, or $275,714 per unit. “This transaction marked the fourth closing from a larger Anaheim-area multifamily portfolio as the seller continues to reposition its holdings through a 1031 exchange...
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JLL Capital Markets arranged $135 million in construction financing and joint venture equity for the development of The Ibex at Ridge Hill, a 282-unit luxury multifamily community at the Ridge Hill mixed-use lifestyle center in Yonkers. Senior managing directors Evan Pariser and Aaron Niedermayer and director John Lowe arranged the senior construction loan with Bank...
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