CAPRE’s Commercial Real Estate Headlines for August 30, 2019

Check out the latest deals and developments in commercial real estate for Aug 30, 2019: 3G Capital Advisors and Watermark Residential Form Joint Venture to Facilitate Multifamily Development: 3G Capital Advisors LLC, a boutique real estate advisory firm focused on developing creative capital solutions, announced today that it has entered into a joint venture agreement with Watermark Residential to form Watermark 3G Partners LLC, an entity focused on Class A multifamily development. The venture seeks to develop communities in stable growth markets across the United States that have demonstrated a need for additional multifamily housing. To begin, Watermark 3G Partners plans to develop six Class A multifamily communities in Colorado, Arizona, Michigan, Missouri, and Alabama. 297-Unit Phoenix Apartment Complex Sells for $56 Million USD: AZ Big Media is reporting that CBRE has arranged to sell a 297-unit Class A multifamily community known as Trillium 44, located at 111 N. Dupont Circle in central Phoenix, on behalf of Trillium Residential to an affiliate of the ConAm Group for $56 Million USD. The asset is is a four-story, wrap-style apartment community featuring a modern swimming pool area with private cabanas and a grilling area, resident sports lounge, wine storage room, cybercafé, state-of-the-art fitness center, movie theater, dog park, and numerous courtyards with grilling stations. Alex. Brown Realty Joint Venture Acquires Atlanta Flex Industrial Business Park: Alex. Brown Realty and CIP Real Estate are pleased to announce the acquisition of Perimeter Place Business Park,…