Northmarq Arranges $17M Sale, $14M Acquisition Financing for Omaha MF
Northmarq’s Midwest Multifamily Investment Sales team of Parker Stewart, Anthony Martinez, Dominic Martinez and Alex Malzone, with Jim Gibson, brokered the $9.4 million sale of Southfield Apartments.
The 84-unit multifamily complex was built in 1993 and is located at 7009 S 83rd St. in La Vista, Nebraska. Northmarq represented the seller, an Omaha-based private investor in the transaction. The buyer was a Dallas-based private investor. Northmarq’s Debt + Equity team, led by John Reed, secured the financing through its in-house Fannie Mae DUS platform. The transaction was structured on a 5-year term.
Southfield Apartments features a mix of one-, two- and three-bedroom apartments in the growing community of La Vista, just 15 minutes south of downtown Omaha. Proximate to Interstate 80, the property provides convenient access to Omaha’s top employers, major retailers, entertainment options and other key economic drivers in the area.
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Affinius Lends $226M on Newly Completed Brooklyn Rental Tower
Affinius Capital LLC has originated a $226-million loan to refinance 55 Willoughby (marketed as House 55), a Class A, 295-unit, 43-story multifamily property with 3,200 square feet of ground-floor retail located in Downtown Brooklyn. The loan was made to a joint venture between Lonicera Partners and Rabina. Proceeds will bridge the property to stabilization early...
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Boutique Arlington Heights Apartments Sell for $25M
JLL has arranged the $25 million sale of FourNorth Apartments, a 76-unit boutique apartment community in Arlington Heights, Illinois. JLL worked exclusively on behalf of the seller, Benchmark Developers, in the sale of the property to a private investor. JLL’s Capital Markets Investment Sales and Advisory team representing the seller was led by Bill Baumann,...
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Ware Malcomb Completes Historic Residential Conversion in Downtown Chicago
Ware Malcomb announced construction is complete on 79 W. Monroe, an office-to-residential conversion project located in downtown Chicago’s Loop district. Ware Malcomb’s Chicago office provided architecture and interior design services for the renovation of the historic 14-story building, which included transforming seven upper floors of vacant office space into 76 market-rate and 41 affordable apartment...
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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