Page 3 - Steve Simonelli News Today

Transactions and announcements of note from the past week in the Philadelphia region.

JLL Capital Markets announced today that it has closed the $146 million sale of The Wel, a 260-unit, newly constructed, mid-rise, luxury multi-housing community located in Lindenhurst, New York, along the South Shore of Long Island. The $146 million sale price was for both the real estate as well as the significant...

KABR Group expanded its portfolio in Connecticut, with the acquisition of two boutique multi-housing communities in Stamford for $41.3 million

JLL Capital Markets, on behalf of KABR Group, announced the purchase of 750 Summer St. and 163 Franklin St., two boutique, mid-rise, luxury multi-housing communities in Stamford, Connecticut, totaling 116 units for $41.3 million. Formerly known as The Verano and The Moderne, respectively, both are expected to receive significant upgrades to the...

The newly built 260-unit transit-oriented rental development opened last year.

JLL Capital Markets, on behalf of KABR Group, announced the $49.6 million sale of 19 East, a 138-unit, mid-rise, luxury apartment community in Bayonne, New Jersey. JLL represented the joint venture seller, Ingerman Group and Verde Capital. JLL also advised KABR on the acquisition financing and placed the $35 million...

KABR Group purchased 19 East, a luxury apartment community in Bayonne, for $49.6 million from JV seller Ingerman Group and Verde Capital. 

JLL Capital Markets completed the sale of the 209-unit Vela on the Park located in downtown Stamford, Connecticut.

JLL Capital Markets announced today that it has closed the sale of Vela on the Park, a 209-unit, luxury, high-rise apartment community in downtown Stamford, Connecticut. JLL represented the seller, a partnership between an affiliate of Trinity Financial, Inc. and Berkshire Residential Investments. Carmel Partners acquired the asset. The 19-story Vela on...

JLL Capital Markets closed the sale of Vela on the Park, a 209-unit, luxury, high-rise apartment community in downtown Stamford, Connecticut.