Entries by AION Partners

AION Acquires 13 Multifamily Properties from AIG Global Real Estate

Below is an excerpt from the Commercial RealEstate Direct Weekly:   “AIG Global Real Estate has sold the 1,224-unit Oakwood Village apartment complex in northern New Jersey for $183.37 million, or $149,540/unit. The property, along Route 206 in Flanders, N.J.,was sold free and clear of debt to an undisclosed buyer. It is 95 percent leased, with monthly rents from $990/unit […]

Sold! AION Trades The Montana in Phoenix, AZ

AION Partners has completed the successful disposition of The Montana, a 134-unit Class A apartment community in Phoenix, AZ. The complex was constructed in 1999 and acquired by AION in late 2012. During the 3-year hold period, the firm embarked on an extensive unit renovation plan which added significant value to the property. The sale […]

AION Sells Tesoro Apartments in Phoenix, AZ

AION Partners is happy to announce the sale of the Tesoro Apartments, a 150 unit multifamily complex in Phoenix, AZ.  AION acquired the asset in 2010 as part of a distressed pool of mortgages owned by Northstar Financial.  Through years of asset management and reinvestment in the property, AION was able to execute a successful […]

10K SF Lease signed at 86 Chambers Street

AION Partners is pleased to announce that by means of our exclusive agent, William Cohen, EVP of Newmark Grubb Knight Frank, Rapid Ratings International recently leased 10,000 square feet of office space at 86 Chambers Street, New York.  Rapid Ratings International enables clients to effectively assess the financial health of their global public and private […]

AION Refinances two Florida Apartment Assets

NGKF Capital Markets arranged $33.45 million in financing for two AION Partners multifamily properties: Serrano, a 192-unit garden-style apartment community located in West Palm Beach, Fla., and Park Plaza, a 234-unit apartment complex located in Miami Gardens, Fla. The loans allowed for the repayment of the existing debt, as well as provide funds to allow […]

AION & Kushner Acquire Middle River Portfolio

AION Partners and Kushner Cos., both New York-based companies have acquired a three-building apartment portfolio in Middle River for $37.9 million. Kushner partnered with AION Partners to acquire the three buildings developed in 1974 by the Posner family. The assets were some of the last Baltimore-area buildings owned by the company, said Transwestern broker Dean Sigmon, […]

One South Broad Purchased for $68 Million

One South Broad Street, a Center City office building that has a new Walgreens in its street-level retail space, was bought for $68 million, or $146 a square foot.  AION Partners of New York ventured with an Israeli Insurance company to buy the 26-story, 464,000-square-foot building. This is the first Center City buy for AION. […]

1200 New Hampshire Ave: Al Jazeera’s Big DC Move

Al Jazeera has now established a Washington bureau! The Qatar-based media network signed a 47k SF, 15-year lease at AION Partners and Carlyle Group’s 1200 New Hampshire Ave.   Al Jazeera’s first building tour was in 2012.  The property underwent a $6 Million dollar renovation in 2011 and still has another 12k SF available. Cassidy Turley’s Jonathan Wellborn (who with […]

AION Sells Commercial Condo Unit in Chester, NY for $2.9M

AION Partners originally bought the building located at 32 Leone Lane, Chester, New York in 2009.  It was in default, included in a pool of distressed real estate along with properties in Florida, Georgia and North Carolina.  After surveying the Orange County industrial real estate market, AION decided that creating commercial condominiums would be the best way […]

AION Acquires 570 units in Alexandria, Virginia

AION Partners and global alternative asset manager The Carlyle Group today announced the acquisition of a 570-unit mid-rise apartment complex in the robust rental housing market of Alexandria, VA, for $93 million. Built in 1964 and 1974 as the Belle Haven Towers Apartments, the property enjoys a core location along the western side of Route […]