Colliers has listed the historic Alameda Hotel Apartments, located at 1415 Broadway in Alameda. Built in 1926, the property features 93 multifamily units, 14 street-level retail spaces and a multi-room event venue. EVP Ryan Rodriguez and VP Matthew Flaherty have the listing.
“The historic Alameda Hotel Apartments are one of the city’s most recognizable mixed-use assets,” said Rodriguez. ”This is a fantastic, generational opportunity to acquire a unique historic asset that has no preservation restrictions … We continue to see a growth in demand in the area as professionals, families and commuters are drawn to a community that offers the lifestyle, accessibility and amenities they value.”
The Alameda Hotel is one of the earliest multistory hotel-apartments in the area. It contains 18 sleeping rooms with private bathrooms, 21 sleeping rooms, 32 studios and 22 one-bedroom, one-bathroom units. The retail units range in size from 132 to 2,520 square feet.
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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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