Transaction of the Week

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  • The 360-Unit Averly at Flowers Sells for $92 Million in an Off-Market Transaction

    Developer Ardmore Residential Inc. sold The Averly at Flowers, a multifamily property in Clayton, NC, to partners ECI Group and Almanac Realty Investors. Cushman & Wakefield’s Alex McDermott, Hunter Bowling, Charlie Gravina, Rhodes Marley and Paul Marley represented the seller in the $92 million off-market transaction. “ECI was a qualified group that offered the best certainty of execution for this opportunity,” McDermott told ApartmentBuildings.com. He added that ECI Group, headquartered in Atlanta, GA, is on the hunt to expand its...

News

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  • Charney Secures $135M Financing for Fort Greene Condo Project

    Charney Companies secured significant construction loan financing for its development of 95 Rockwell Pl. in Fort Greene, Brooklyn. Financed with $135 million in backing...
  • Minnesota Multifamily Property Trades Hands

    Marcus & Millichap has completed the sale of Van Dyke Village Townhomes, a 20-unit multifamily property located in Maplewood, Minnesota....

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