Located at 1090 E. San Antonio Drive in Long Beach, Calif., the apartment building features 16 one-bedroom/one-bath units and four studio units.
Robinson Development Group sold the 183-unit property located in Chesapeake, Va. Built in two stages, Cottage Trails at Culpepper Landing came online in 2015.
Parkside at Camp Creek Apartments features a clubhouse, laundry facility, two swimming pools, a fitness center, playgrounds and a basketball court.
KANSAS CITY, MO. — Flaherty & Collins Properties and Port KC have opened Union Berkley Riverfront, a $72 million mixed-use development along the Missouri River in Kansas City. Union consists of 407 lu
DALLAS — Greysteel has arranged the sale of Artisan Ridge, a 264-unit multifamily community in Dallas. Built in 2004 on 14.7 acres, the property offers amenities such as a pool, clubhouse with a busin
DURHAM, N.C. — Phoenix Realty Group (PRG) has acquired Beech Lake Apartments, a 345-unit multifamily community located at 4800 University Drive in Durham, for $37.2 million. The name of the seller was
Rose Community Capital has secured a more than $16.1 million Section 221(d)4 Substantial Rehab loan for Fenway Manor, a 143-unit affordable housing project in Cleveland, Ohio.
Admiral Capital and Security Properties purchased the 240-unit property from Venterra Realty, which had acquired the asset in 2012 for $27.7 million.
The Kenmore, a 69-unit development in Koreatown, will be designed by Nadel Architects and include VIP cabanas, a spa and a package-delivery system.
With a first mortgage in tow, privately-held developer Continuum Companies can now continue sell-up momentum at its Madison Square Tower multifamily condominium development at 41-45 E. 22nd St. in New
PGIM Real Estate formed a joint venture with a public pension fund client of CityView to acquire a 50% interest in a $500-million portfolio of five Class A multifamily properties in the San Francisco
Hunt Mortgage has provided a $26-million Fannie Mae conventional multifamily loan to refinance a 354-unit garden-style property in Lansing, IL. The borrower was Riverwood Apartments LLC, backed by key
Pacific Urban Residential acquired Monarch at Shadowridge, a 314-unit institutional-quality residential community in Vista, CA, from a client of Invesco for reportedly $115 million. The asset sits on
JLL Income Property Trust acquired Villas at Legacy, a 328-unit apartment community in Plano, a suburb of Dallas. The deal increases the REIT’s apartment portfolio to more than 2,5000 units and an all
Connect Apartments is coming up on June 26th in Los Angeles. Here’s a link to find out more about the conference and to register. JVM Realty Corp. has added to its Kansas City-area portfolio with the
LOUISVILLE, KY. — Berkadia has closed a $20.3 million loan for the refinancing of Southgate Landing, a 256-unit apartment community in Louisville. Charles Foschini and Christopher Apone of Berkadia ar
FORT WASHINGTON, MD. — Federal Capital Partners (FCP) has sold River Pointe, a 170-unit apartment community located at 8340 Indian Head Highway in Fort Washington, about 19 miles south of Washington,
WEXFORD, PENN. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the $61 million sale of Ascent Four Thirty, a 319-unit apartment community located in Wexford, ro
PITTSBURGH, PA - Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Ascent Four Thirty, a 319-unit...
ANAHEIM, CA - LMC, a leader in apartment development and management, announced the start of leasing of Core, a luxury apartment community...
The community includes a mix of one- to three-bedroom units and features a resort-style pool, outdoor grills and a renovated clubhouse in a historic stone mill.
FLUSHING, N.Y. — Marcus & Millichap has brokered the sale of 142-27 Barclay Ave., a six-story apartment building in downtown Flushing. The property sold for $13 million at a capitalization rate of 3.0
Located in Claremont and Santa Fe Springs, Calif., the 38-year-old communities total almost 300 units. CBRE's Affordable Housing team secured Freddie Mac financing and represented the seller.
Canyon Partners Buys the Harvey Apartments in Hollywood for an estimated $30M
SANTA FE, N.M. — Titan Development Real Estate Fund I has broken ground on Broadstone Rodeo, a multifamily project in Santa Fe. Developed along with Alliance Residential, Broadstone Rodeo is the sixth
VALPARAISO, IND. — Essex Realty Group Inc. has brokered the $2.6 million sale of Mayfield Apartments in the northwest Indianapolis suburb of Valparaiso. The 52-unit garden apartment complex features 1
Cottage Trails at Culpepper Landing features a community clubroom with catering kitchen, saltwater pool, fitness and yoga studio, dog park, playground, residential storage units, cyber café and grilli
BullHouse features a heated saltwater pool, sky terrace, fitness center with separate yoga and massage rooms, electric car charging stations, Amazon Hub package system, dog spa and a clubhouse with en
EAST ORANGE AND NEWARK, N.J. — One Wall Partners has acquired three multifamily properties in Northern New Jersey. The properties, which have a combined 217 units, are located at 742 Park Ave. in East
Glenwood Management received a $98 million loan from Prudential Multifamily Mortgage for a trio of rental properties on the Upper East Side. The mo
Art Plaza located at 58 NE 14th St. will include 577 two-bedroom units and 90 one-bedroom apartments along with 11764 square feet of street-level retail
Related California commenced construction on the $458-million 1500 Mission Street, a 1.2-million-square-foot mixed-use development in San Francisco. The 39-story residential tower and 16-story office
TAMPA, FL - ZOM Living, in partnership with affiliates of Mattoni Group and New York-based Clarion Partners, LLC on behalf of a commingled fund...
HFF arranged the loans on behalf of the borrower through Freddie Mac's CME Program. Proceeds will refinance floating-rate debt on five assets.
ATLANTA — Cushman & Wakefield has arranged the $78.3 million sale of a six-property, 1,522-unit multifamily portfolio located across Alabama, Georgia and Mississippi. Tampa-based Blue Rock Partners ac
LA MESA, CALIF. — Kidder Matthews has arranged the sale of Rimrock Apartments, a multifamily community located at 8420 Buckland St. in La Mesa. Wyoming-based Joehnk LLC acquired the property from Rimr
A Flaherty & Collins Properties $30 million luxury apartment development proposal to be built in Lawrenceburg, Indiana, was unanimously approved by the Lawrenceburg City Council on Tuesday.
Strategic Properties of North America has scored $72 million in acquisition financing for the "deconversion" of Kennelly Square in Chicago.
New York Life Insurance Co. has provided $40 million of mortgage financing against Century Lake Forest in McKinney, Texas, facilitating the 334-unit a...
Ocean Bank provided Melo Group with $85 million for the development of Art Plaza Apartments, a multifamily complex in Downtown Miami.
Aliso Creek Apartments, a 535-unit multifamily property located at 24152 Hollyoak in Aliso Viejo, CA, received $141.5 million in refinancing. The transaction was structured as a full term interest onl
The properties have been renamed Ashford Georgetown, Ashford Meridian Hills and Creekside at Meridian Hills. (Photo courtesy of The RADCO Companies)
Morgan Properties plans to spend $2 million renovating the property.
Royal Isles features a 24-hour fitness center, swimming pool with sundeck, playground, picnic area with grills and an onsite laundry center.
ATLANTA — Cushman & Wakefield has secured $37.8 million in construction financing for the development of Vue at the Quarter, a 271-unit multifamily community that will be located at 2048 Bolton Drive
WYLIE, TEXAS — Transcontinental Realty Investors Inc. and its subsidiary, Adobe Properties, have opened Parc at Wylie, a 198-unit multifamily community in Wylie, a northeastern suburb of Dallas. The p
Westmount at Three Fountains in San Antonio will undergo capital improvements to the utility systems, unit interiors and communal amenities.
Bernard Financial Group closed a $14.5 million loan for a 374-unit multifamily property in Oak Park, Michigan.
GREENWICH, CONN. — Allied Property Group has orchestrated the sale of a mixed-use building at 171-173 Greenwich Ave. in Greenwich for $6.5 million. The three-story property consists of a 3,700-square-
With asking rents for this apartment submarket expected to advance upward of 6% over the next couple of years the timing looks good for selling the highest
SILVER SPRING, MD - Quest Holdings, a leader in the mid-Atlantic family market, has acquired Arcadian Apartments, a 432-unit garden apartment...
LAS VEGAS — Northcap Multifamily has brokered the sale of Cypress Springs Apartments, located at 3651 N. Rancho Drive in Las Vegas.
ARIUM Town Center (pictured) in Jacksonville, Fla., features screened-in patios, a newly renovated swimming pool with barbecue grills, 24-hour fitness center, business center and a gated dog park.
NEW YORK CITY — Marcus & Millichap has brokered the sale of 1975 Adam Clayton Powell Jr. Blvd, a 20-unit apartment community located in Harlem. The property sold for $5.2 million at a cap rate of 3.7
The sale included 166 of 179 units from the seller six units from third parties and an agreement for the seller to construct an additional 63 units on
ST. AUGUSTINE, FLA. — Summit Contracting Group has started construction on Antigua Apartments, a $22.6 million multifamily community located in St. Augustine. The project team includes Atlanta-based d
DENVER — Pinnacle Real Estate Advisors has arranged the sale of The Hanford House, a multifamily property located at 809 Dexter St. in Denver.
Chicago-based 33 Realty has brokered the $2,650,000 sale of 40 units known as Brentwood Apartments at 1711 and 1721 Parklake Drive in Morris, Illinois.
OAKLAND, CALIF. — CIT Group’s Real Estate Finance division was the sole lead arranger for a $107.5 million construction loan for Station on 12th, a 333-unit multifamily project in downtown Oakland.
NEW YORK CITY — JLL has arranged a $104 million loan to refinance Redbridge, an 85,000-square-foot mixed-use residential and retail property in the Williamsburg neighborhood of Brooklyn. The property
Douglas Elliman brokers Darren Sukenik and Benjamin Glazer just closed on a nearly $8 million Greenwich Village co-op. The three-bed, three-bath apartment at 7 East 9th Street sold for the same as its
A Lincoln Property Co. JV has acquired the 16-story 403-unit apartment building.
Kiser Group recently brokered the sale of Blue Station Apartments, located at 2130 W. 122nd Street in Blue Island, Illinois, for $18.6 million. The buyer, an undisclosed national portfolio owner, purc
GARLAND, TEXAS — Walker & Dunlop has provided two bridge loans totaling $81.8 million for the acquisition and repositioning of Landmark at Lake Village North and Landmark at Lake Village East, two apa
Hines is partnering with AvalonBay Communities, Inc. to develop a 653-unit multifamily community within the 30-acre Brea Place mixed-use campus on State College Boulevard in Brea, CA. The developer al
HFF turned to Wells Fargo for a $56.5-million financing on Willow Crossing, a 579-unit apartment community in Elk Grove Village, IL. An HFF team led by Matthew Schoenfeldt worked on behalf of The Marq
Walker & Dunlop Inc., working on behalf of Madera Residential, structured two bridge loans totaling $81.8 million for the acquisition and repositioning of a 1,169-unit apartment portfolio in Garland,
Hunt Mortgage Group provided two Freddie Mac Small Balance Loans and a Fannie Mae Conventional Green mortgage to refinance a three-property multifamily portfolio located Bakersfield, CA. The Hunt Mort
TruAmerica Multifamily, in partnership with funds managed by Oaktree Capital Management, LP acquired two multifamily properties in Phoenix and Las Vegas in separate transactions totaling $142.1 millio
Nexus Commercial Realty closed on the sale of seven apartment buildings that include a total of 1,178 B and C class multifamily units.
MARIETTA, GA. — Greystone Brown Real Estate Advisors has brokered the $35.1 million sale of Pennington Pointe, a 268-unit apartment community located at 1716 Terrell Mill Road in Marietta, roughly 20
TEMPE, ARIZ. — Chicago-based Core Spaces is developing its third apartment complex in Tempe. Known as The Collective, the 21-story-plus-penthouse property will be located at the intersection of Sevent
LUBBOCK, TEXAS — Millennia Cos., a Cleveland-based multifamily operator, has acquired an unspecified 152-unit apartment complex in Lubbock for approximately $5.9 million. Miami-based investment banker
DALLAS — Transcontinental Realty Investors Inc. (NYSE: TCI) and its subsidiary, Adobe Properties, have broken ground on Lakeside Lofts, a 498-unit apartment community in Dallas. The property will be l
Mack Real Estate Credit Strategies has provided Post Brothers with a $178 million loan for the repositioning of Piazza at Schmidt's Commons.
BAKERSFIELD, CALIF. — Hunt Mortgage Group has provided two Freddie Mac Small Balance Loans and a Fannie Mae Conventional Green mortgage to refinance a multifamily portfolio in Bakersfield. The loans t
NEW YORK CITY — Meridian Investment Sales has brokered the $22.5 million sale of three contiguous mixed-use buildings in the Williamsburg neighborhood of Brooklyn. The Williamsburg neighborhood underw
The Minneapolis office of Dougherty Mortgage recently closed a $16.1 million HUD 221(d)(4) loan for the new construction of Eastgage Apartments, a 135-unit multifamily affordable housing property in R
Tower Bay Lofts will be located in Lewisville, a northern suburb of Dallas. Delivery is currently scheduled for mid-2020.
The communities, all in Bakersfield, include 200-unit Village Lane Apartments, 46-unit River Oaks Apartments and 224-unit Park Villa Apartments.
This is Electra’s and American Landmark’s third multifamily acquisition so far this year. In South Florida they also own and operate Beach Walk at Sheridan
Bronx developer Kim Tasher is planning to bring another residential building to the borough, this time with 101 apartments. The building, located at
Last year the company sold $1.7 billion in assets and it plans to sell between $1 billion and $1.2 billion this year.
MARLTON, NJ - The Michaels Organization, the nation’s largest, privately held owner of affordable housing, announced that it has acquired 41...
Connect Apartments is coming up on June 26th in Los Angeles. Here’s a link to find out more about the conference and to register. Trinity Place Holdings has closed on its acquisition of 237 11th St. i
Connect Apartments is coming up on June 26th in Los Angeles. Here’s a link to find out more about the conference and to register. Advancing the establishment of a town center in Wheeling, IL, the vill
Newmark, with help from Greystone, arranged bridge financing to the tune of $22 million for the acquisition of Hunter’s Cove Apartments in Waxahachie, TX, 30 miles south of Dallas.
Trinity Place Holdings has closed on its $81 million purchase of the mixed-use building at 237 11th Street in Park Slope. The building stands 12 st
KeyBank Real Estate Capital has originated a $39.9 million Fannie Mae first-mortgage loan for Peyton Stakes, an apartment development in Nashville.
FORT WORTH, TEXAS — Dougherty Mortgage LLC has provided a $3.9 million Fannie Mae loan for the acquisition of Willow Manor Apartments, a 71-unit multifamily community in Fort Worth. Built in 1965, the
Bellwether Enterprise's Flats at East Bank Apartments is an eight-story, 241-unit community that features 13 restaurants.
DENVER — The Bascom Group has purchased Modera at Observatory Park Apartments, a newly constructed infill apartment community located in Denver, from an undisclosed seller. The price was $92.5 million
COLORADO SPRINGS, COLO. — Nexus Commercial Realty has arranged the acquisition of a multifamily portfolio in Colorado Springs. Denver-based Slipstream Properties purchased the seven-building portfolio
Marcus & Millichap represented the seller and its Capital Corp. division arranged $19.8 million in acquisition financing for the 206-unit Robert Towers in East Orange.
FORT WORTH, TEXAS — Dougherty Mortgage LLC has provided a $3.9 million Fannie Mae loan for the acquisition of Willow Manor Apartments, a 71-unit multifamily community in Fort Worth. Built in 1965, the
FORNEY, TEXAS — Dallas-based JMJ Development will build Parc at Windmill Farms Apartments, a 272-unit community that will be located in Forney, an eastern suburb of Dallas. The 17-building community w
The properties total 1,101 units and are located in Atlantic Beach, Jacksonville, Orange Park, Ormond Beach, DeLand and Brandon.
Bellwether Enterprise's Flats at East Bank Apartments is an eight-story, 241-unit community that features 13 restaurants.
The acquisition brings Passco’s multifamily portfolio in the state of Florida to nine properties totaling more than 2700 units.
A&E Real Estate Holding is in contract to buy a six-building multifamily portfolio in Queens’ Flushing and Elmhurst neighborhoods for $118.5 milli
ATLANTA, GA - Crown Bay Group, a Georgia based real estate investment firm, has acquired The Pines at Greenbriar...
A Cushman & Wakefield team has arranged the sale of a five-story apartment building at 309 E 92nd St. to the Legion Investment Group. The property in Manhattan’s Yorkville neighborhood traded for $9.3
Scheduled to open in 2020, 100 Columbia in the central business district of Portland, Ore., will feature 347 apartments in a mix of studio, one- and two-bedroom layouts. (Rendering courtesy of GBD Arc
Foster on the Park will feature ground-floor retail and restaurant space and will overlook Central Park — Durham’s main urban park that hosts a twice-weekly farmers market, food truck rodeos and commu
NEW YORK CITY — Cushman & Wakefield has negotiated the $9.3 million sale of 309 East 92nd St., a five-story, 8,600-square-foot apartment building locatedon Manhattan’s Upper East Side. Cushman & Wakef
NEW YORK CITY — Cushman & Wakefield has negotiated the $9.3 million sale of 309 East 92nd St., a five-story, 8,600-square-foot apartment building locatedon Manhattan’s Upper East Side. Cushman & Wakef
JERSEY CITY, N.J. — Progress Capital has arranged a $26.2 million construction-to-perm loan for a new 159,861-square-foot mixed-use building in Jersey City. Sterling National Bank provided the financi
The Tripointe Value-Add Portfolio includes six properties for a total of 1,010 units across Central and North Florida.
Modera West Wash Park, a 241-unit community in the Washington Park neighborhood, will include a dog wash, bike storage and reserved parking.
The three properties total 849 units and represent the first purchase the company completed in this market. Renovation work will begin once the final transaction closes.
The company picked up the asset for less than half the price back in 2014 and carried out extensive renovation and repositioning work.
Odin Properties has sold the Woodland Village Apartments in Lindenwold, N.J., for $32.1 million, or $58,791/unit. The Philadelphia investor sold the 5...
ST. LOUIS — Berkadia has arranged the sale of The Orion Apartments in St. Louis for an undisclosed price. The 178-unit apartment property features a 40,000-square-foot Whole Foods Market on the first
Arium West Uptown, a mid-rise apartment community in Houston, was formerly known as The Ava. The property totals 321 units.
The 363-unit Spoke Apartments, located at 728 N. Morgan Street in Chicago’s River West neighborhood, celebrated its grand opening on May 10. More than 450 guests attended, including Mayor Rahm Emanuel
The properties that were sold by an Ohio-based limited liability company traded for $87524 per unit.
The 34-story Residences at Park District includes 228 units and a dog park, a resort-style pool and a 7,000-square-foot fitness center.
The 144-unit multifamily property is located in a western suburb of Charlotte and contains a mix of one-, two- and three-bedroom apartments.
Two Kings Real Estate has purchased a 12-apartment elevator building at 41 West 24th Street for $17 million.
Universe Holdings and joint venture partner Hanover Financial, LLC acquired Capes at Ventura, a 400-unit, institutional quality apartment community in Ventura, CA from Colony Northstar for $100 millio
Asset Campus Housing added to its lineup of student housing complexes with management of the 2,286-bed Ballpark Apartments.
ELKTON, MD. — Rittenhouse Realty Advisors has arranged the $21.9 million sale of The Apartments at Iron Ridge, a 156-unit multifamily community in the northern Maryland city of Elkton. The community o
Olympus Property has paid $69.25 million, or $230,066/unit, for the 301-unit Alta Steelyard Lofts apartment property in Chandler, Ariz. The Fort Worth...
MIAMI—Locally-based multifamily investment firm Cardone Capital reports its Cardone Equity Fund has purchased properties in Orlando and Houston totaling…
A joint venture involving Lincoln Property Company secured $95.5 million in acquisition financing for Meridian at Carlyle, a 16-story, 403-unit apartment building in Alexandria, VA.
32Hundred Lenox is located adjacent to the Lenox MARTA station and features a barbecue area, swimming pool, children’s play area, fitness center, spa and a business center.
The new ownership will renovate unit interiors, update common area amenities and rename the community Lincoln at Old Town.
ILLINOIS, INDIANA AND WISCONSIN — Berkadia has arranged the $41.5 million sale of the Tristate Portfolio, a 545-unit multifamily portfolio located in Illinois, Indiana and Wisconsin. The properties in
Greystone, a real estate lending, investment and advisory company, provided a $36.3 million HUD-insured permanent loan to refinance Gables of Troy, a 544-unit multifamily property in Troy, Michigan.
The 214-unit View 75 in Marietta will be rebranded under the company's Signature name and undergo a $2 million renovation.
Koelbel and Co., Mile High Development and Longs Peak Advisors will develop Eaton Street Apartments, a 118-unit community in Westminster, Colo.
Brass Enterprises picked up the 177-unit Class A luxury property, which opened in 2016 and includes a Whole Foods Market on the ground floor.
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Meridian Capital Group recently arranged $15 million in construction financing for The Davenport, a multifamily property in Somerville, NJ, on behalf of developer Robert Weiss of Weiss Properties. Mer
The fund will consist of Freddie Mac’s multifamily debt investments and will also invest opportunistically in other debt assets such as mezzanine debt
MIAMI — Mast Capital, in a joint venture with AEW Capital Management LP, has acquired a 6.3-acre parcel of land at 1001 N.W. 7th St. in Miami for $26 million. Gerard Yetming and Mike Mattingly of Coll
Eaton Street Apartments in Westminster, Colo., will feature 118 affordable apartment units and 22,000 square feet of ground-floor retail space.
Flaherty & Collins Properties has been selected by the City of Valparaiso, Indiana, to negotiate and develop a proposed $120 million mixed-use, transit-oriented project that will include more than 500
EDMOND, OKLA. AND CANYON, TEXAS — New York-based Harborview Capital has closed agency financing for two multifamily properties in the Texas and Oklahoma. The company arranged a $4.9 million Freddie Ma
PHILADELPHIA — Marcus & Millichap has negotiated the $15.7 million sale of a 74-unit apartment building at 1217 Spring Garden St. in Philadelphia. The property also includes two retail spaces. Phil Sh
Walker & Dunlop represented HG Management in its disposition of The Quaye at Wellington, one of the highest per-unit sales for a garden-style community in Florida.
The 128-unit fully affordable community sits 20 miles west of the city and offers a mix of two- and three-bedroom apartments.
Construction will soon get underway on a 250-unit luxury apartment community in the wealthy northern suburb of Trophy Club, TX, that will cater to employees flocking to nearby major employment hubs. T
Houston-based Transwestern Development Co. acquired a 1.6-acre site at E. 3rd St. in downtown Austin to develop the 236-unit Block 36, a micro-unit apartment community. The 200,000-square-foot complex
StreetLights Residential, a Dallas-based multifamily developer, recently broke ground on a new 373-unit multifamily community, The Elizabeth at Presidio, located off of Highway 183 and the Texas 45 To
Senior Managing Director Art Wadlund and Director Clint Wadlund, both from the company’s Tucson office, represented Aerie Development in this disposition of a 183-unit asset.
NEW YORK, NY - A joint-venture between Trevian Capital and Crown Properties announced its $34,650,000 acquisition of three...
ADDIS, LA - Abode Properties, a subsidiary of Dallas-based real estate investment company Transcontinental Realty Investors, announced the...
Turkish developer Okan Group launched sales ahead of a fall ground breaking on a 70-story mixed-use residential tower in downtown Miami, its first development in the U.S.
Greystone Real Estate Advisors has closed the $16 million sale of Darlington Court Apartments, a multifamily property in Crystal Lake, Illinois. Bill Montana and Chris Sackley facilitated the transact
GREELEY, COLO. — ARA, A Newmark Co., has brokered the sale of University Flats, a multifamily property located at 1758 Sixth Ave. in Greeley.
The Quaye at Wellington features include four lakes, a nature preserve, dog park, playground, heated pool, clubhouse, game room, fitness center, yoga and spin studio, indoor sports court and an outdoo
HFF arranged construction financing for Lakehouse on 17th, a waterfront high-rise, on behalf of NAVA Real Estate Development. This project marks the first in Colorado to pursue WELL Building Certifica
The new owner, Strategic Holdings, funded the acquisition of the 161-unit property with a nearly $20 million Freddie Mac loan.
Emma Capital Investments Inc. has paid $63.85 million for three apartment properties with a total of 849 units in Indianapolis. The acquisition, from...
The 341-unit Hanover Mill Avenue was purchased from The Hanover Co. and is situated three blocks from Arizona State University, within walking distance of the Metro Light Rail.
NorthMarq Capital originated the 10-year Freddie Mac loan, which retires two previous mortgages totaling $18.9 million which were set to mature this year.
FORT MYERS, FLA. — Love Funding has arranged a $40.6 million loan for the construction and permanent financing of Grand Central Apartments, a 280-unit multifamily community in Fort Myers. Tammy Tate o
NEW YORK CITY — JD Carlisle Development Group and Fosun International have received a $350 million loan for the construction of a 66-story luxury condominium project in Manhattan’s NoMad neighborhood.
The Byron at Trophy Club will be a 250-unit luxury apartment complex located north of Fort Worth. A timeline for construction of the project has not yet been established.
This image shows one of Kairoi Residential's properties. Following this sale, the company has now developed or acquired more than 27,000 units across 16 states.
CHALFONT, PA. — Marcus & Millichap has brokered the sale of Grey Friars at Chalfont, a 78-unit apartment complex in Chalfont, about 30 miles north of Philadelphia. The property, which is located at 41
HAMDEN, CONN. — Meridian Capital Group has arranged $53 million in acquisition financing for an apartment community in Hamden, six miles north of New Haven. The 10-year loan features a fixed rate of 4
TH Real Estate has acquired a newly constructed 186-unit asset located in Santa Clara, Calif. Designed by KTGY Architecture + Planning, the property came online in the spring of 2017.
The town council of Flower Mound, TX granted approval to Realty Capital to proceed on its $1.2-billion Lakeside Village development.
Meridian Capital Group has arranged $53 million in financing for Broadmoor Apartments, a 468-unit multifamily complex in the New Haven suburb of Hamden, CT. The 10-year, fixed-rate loan was was locked
DAYTON, OH - Sugarcreek Township, Ohio trustees unanimously approved construction for The Grand of Sugarcreek and Rollandia...
SAN ANTONIO, TX - Kairoi Residential announced their most recent acquisitions: a portfolio of four San Antonio, Texas assets and a...
Brooksville Company and Rockpoint Group have completed the purchase of Spring Creek Towers, the 5,881-unit Brooklyn apartment complex formerly known as Starrett City, from its previous owner, Starrett
San Francisco Bay Area-based JB Matteson, Inc. acquired Origin Apartments, a 153-unit multifamily property in Seattle’s Lake City community from SummerHill Apartment Communities for $53 million. The o
DENVER — JOS Investments LLC has completed the disposition of a multifamily property located at 2155 S. Josephine St. in Denver. 251 Josephine LLC purchased the 12,777-square-foot building for $3.4 mi
CHESTERTON, IND. — NorthMarq Capital has arranged a $3.6 million Freddie Mac loan for the refinancing of Deer Run Apartments in Chesterton, which is located in northwestern Indiana. The 72-unit apartm
NEW YORK CITY — Rosewood Realty Group has negotiated the sale of four walk-up apartment buildings in the Bronx for $7.3 million. The properties sold for 11 times the current rent roll at a 5.5 percent
CAMBRIDGE, MASS. — Nauset Construction has broken ground on a 93-unit apartment development in the Alewife neighborhood of Cambridge for owner Abodez Acorn New Street LLC. The new complex, known as Pa
AMESBURY, MASS. — Cornerstone Realty Capital has arranged $14.3 million in acquisition financing for the Residences at Riverwalk at 1 River Court in Amesbury, 40 miles north of Boston. The borrower wa
Novē on Knox, a 19-story apartment tower in Dallas, will feature more than 300 units of varying configurations upon completion. The property is slated to open in early 2020.
Entertainment mogul David Geffen quietly sold one of his apartments at white glove co-op 785 Fifth Avenue to a Russian-American businessman for nearly
“The Hudson Waterfront market remains a target for REITs pension fund advisors and private buyers alike” says HFF's José Cruz.
The firm will use the financing to build a 213-unit market-rate community in the Dallas suburb of Waxahachie, Texas.
DESOTO, TEXAS — Dallas-based JMJ Development has begun work on Bellwater Ridge Apartments, a 150-unit multifamily community that will be located in the southern Dallas metro of DeSoto. The property wi
MIDLAND AND ODESSA, TEXAS — Fort Worth-based investment firm Olympus Property has acquired two multifamily properties totaling 568 units in West Texas. The 300-unit Sundance Creek in Midland features
SEVIERVILLE, TENN. — JMJ Development LLC will deliver Overlook at Allensville Square II, a 144-unit apartment community in eastern Tennessee’s Sevierville. Developers broke ground on the project in Ja
KeyBank Real Estate Capital originated the loans for the 385-unit Paseos Apartment Homes in Montclair and the 225-unit Pier in Los Angeles.
The property, originally constructed in the late 19th century, was transformed into a luxury community and features a ground-floor commercial space currently leased to Fishtown Brewery.
The developer will use the construction mortgage from Sterling National Bank to build the first phase of the 487-unit community.
Blue Roc Premier has secured $66 million in Freddie Mac loans to acquire a portfolio of apartment complexes in Florida
Friedland Properties and Rose Associates secured $218 million from Wells Fargo to refinance 7 West 21st Street in the Flatiron District.
The Tristate Portfolio, a 545-unit, four-property portfolio of conventional multifamily communities located in Illinois, Indiana and Wisconsin, has traded hands for $41.5 million.
Marcus & Millichap represented the seller and procured the buyer for 77-79 Madison St., a six-story, mixed-use building in Lower Manhattan’s Two Bridges submarket. The asset, which was owned by a grou
DALLAS, TX - JMJ Development, one of the largest builders of luxury real-estate properties in the United States, is announced its newest project,...
The four communities are located in Illinois, Indiana and Wisconsin and sold for $41.5 million. Alex Blagojevich, Ralph DePasquale, Chris Bruzas and Parker Stewart represented the seller.
The properties, located in Lubbock, comprise more than 1,150 units. Transwestern brokered the deal on behalf of the seller and sourced the buyer.
NEW LONDON, CONN. — HFF has arranged the sale of Gull Harbor, an 80-unit, garden-style multifamily community at 83 Mansfield Road in New London. The sale pertains to 80 one-bedroom units of a 99-unit
The company plans to renovate the 123-unit Sunset Cove Apartments, a 48-year-old infill community in Costa Mesa.
David Dweck purchased the non-profit’s three-building property.
The television host and media entrepreneur's West Village home is history. Dan Abrams created the custom unit, which he's listed for about $8.8 mil
Previous ownership implemented a thorough renovation program in 2015. The asset traded at almost four times the original purchase price.
Vue Park West, which the joint venture acquired in 2014 for $30 million, is situated within the 250,000-square-foot Park West mixed-use development.
NorthMarq Capital arranged a $16.29 million refinance of a newly developed multifamily property located in Lemon Grove, CA. The financing was arranged for an undisclosed borrower through NorthMarq’s r
Stellar Management has launched construction on OTTO, a luxury rental building in Brooklyn’s Greenpoint neighborhood, and its first solo ground-up project. Apartment leasing at the 197-unit, eight-sto
The city and Amtrak have signed a letter of intent to collaborate on the master planning process for development around Amtrak’s Sunnyside Yard in western Queens, which could bring up to 24,000 apartm
Mack Real Estate Group secured $48 million to refinance the newly-opened 16-story Cyrene apartment community in downtown Seattle. The 169-unit luxury property at 50 University St. was completed in 201
Chicago-based Akara Partners broke ground on Kenect Nashville, a 20-story building planned for 420 apartment units and roughly 20,000 square feet of ground floor retail space in Nashville’s Midtown ne
A Colorado buyer has lightened the portfolio of McDougal Properties by acquiring an 1,154-unit, three-property multifamily portfolio in Lubbock, TX.
San Francisco-based AGI and KASA Partners were selected to develop an 812-unit apartment community on a six-acre site in South San Francisco. The city council selected the winning team from a group of
Kenect Nashville will feature food and beverage options throughout the building, social and coworking lounges, a fitness center, outdoor terraces, swimming pool, grills and firepits.
Pictured: Ellipse at Fairfax Corner, a 404-unit property in Fairfax, VA that is part of the 13-property portfolio offered for sale by Greystar.Greystar Real Estate Partners is shopping a 13-property a
Van Nuys-based Sikand Properties divested eight multifamily assets encompassing 644 units for $161.9 million. Located across several SoCal communities, the properties had been held by the private owne
BEAVERTON AND TIGARD, ORE. — Trion Properties has purchased three multifamily properties totaling 174 units in metro Portland. The acquisitions include a two-property portfolio in Beaverton and a 71-u
COSTA MESA, CALIF. — The Bascom Group has acquired Sunset Cove Apartments, an infill multifamily community located in Costa Mesa. The company purchased the property for $33.3 million, or $270,731 per
AUSTIN, TEXAS — StreetLights Residential has broken ground on The Elizabeth at Presidio, a 373-unit multifamily community in northwest Austin. The community will feature one-, two- and three-bedroom u
Completed in 2017, The Commons at Innovation Center is part of the Tri-Cities Research District in Richland and comprises 150 units.
Montrose Apartment Community in Burien, Wash., includes 97 units, a fitness center, a pool and a playground.
Located in Richland, Wash., The Commons at Innovation Center features 150 apartments in a mix of studio, one- and two-bedroom layouts.
ALTAMONTE SPRINGS, FLA. — Franklin Street has arranged the $17.9 million sale of Wymore Grove Apartments, a 200-unit multifamily community in Altamonte Springs, roughly 10 miles north of Orlando. Robe
DALLAS — NXT Capital, a Chicago-based lender, has provided a $19 million first mortgage loan for the refinancing of a 94-unit apartment community located in the Uptown area of Dallas. The Class A prop
EAST ORANGE, NEWARK, N.J. — Gebroe-Hammer Associates has brokered three separate sales of multifamily properties in the East Orange and Newark corridor for a combined $31.7 million. The properties inc
Friedman Real Estate recently sold Pembrooke Manor, a 35-unit apartment building at 20539-20541 Southfield Fairway in Detroit.
Interra Realty, a Chicago-based commercial real estate investment services firm, brokered the $5.75 million sale of 5022-30 N. Winthrop Avenue, a three-story, 32-unit courtyard apartment building in C
WESTMONT, ILL. — 29th Street Capital (29SC) has purchased Warwick Apartments in Westmont, a western suburb of Chicago, for an undisclosed price. The company plans to make approximately $500,000 in cap
Meridian Capital Group has arranged $411 million in construction financing and joint-venture equity for Pier 6 at Brooklyn Bridge, the multifamily project now being developed by RAL Companies, Vanke U
Meridian Capital Group arranged $150 million for the refinance of the Mid-Atlantic Multifamily Portfolio on behalf of AION Partners. The 2,800-unit portfolio includes 10 multifamily properties located
Ranch at Bear Creek, a 201-unit apartment community in Lakewood, CO, has sold for $38.5 million. HFF marketed the asset exclusively on behalf of the seller, Aukum Group, and procured the buyer, New Yo
The multifamily sales numbers posted for Manhattan and Brooklyn led the rankings in Ariel Property Advisors’ first-quarter roundup, and Northern Manhattan compensated for tepid quarterly results by be
NEWPORT NEWS, VA - Buckroe Pointe Apartment Townhomes, formerly known as Fox Hill Townhomes received the Best Housing Preservation and Revitalization...
BOSTON, MA - Roseland Residential Trust, a subsidiary of Mack-Cali Realty Corporation, and an owner, manager, and developer of luxury...
BEVERLY HILLS, CA - Global real estate investment company Kennedy Wilson announces that it has acquired The Elysian in Cork, Ireland for...
SAN DIEGO — Invesco Real Estate has originated an $80 million senior loan for the acquisition and full redevelopment of Bella Posta Apartments, a 344-unit multifamily property located in San Diego’s M
Some locals oppose tower project, but it's one block from major transit hub
MALDEN, MASS. — Fantini & Gorga has arranged $1.2 million in financing for the acquisition of a multifamily property at 21-23 Myrtle St. in Malden, about five miles north of Boston. The property is a
NORTH PLAINFIELD, N.J. — Cronheim Mortgage has negotiated $3 million in permanent financing for Mountain View Gardens in North Plainfield. The 43-unit garden style apartment community, located at 470
AUSTIN, TEXAS — A partnership between two limited liability companies, 1500 RHD LLC and GV&A 4 LLC, has acquired Las Colinas Apartments, a 177-unit multifamily community in Austin. The loan features a
Union at Roosevelt, an 80-unit luxury community just north of the city’s downtown, was completed in 2017 and reached full occupancy in March.
Tikijian Associates represented the seller in the sale of Flats at Fishers Marketplace, a 306-unit Class-A luxury apartment community in Fishers, Indiana.
DENVER, CO - San Francisco-based real estate investment firm Hamilton Zanze has acquired the 216-unit Willow Run Village apartment...
Phase I of BridgeWay Station will total 1 million square feet and will include 300,000 square feet of retail, more than 180,000 square feet of Class A office space, 380 multifamily units and a 175-roo
BROOMFIELD, COLO. — HFF has arranged $33.8 million in financing for Palisade Park, a garden-style apartment community at 16815 Huron St. in Broomfield, a northern suburb of Denver. Josh Simon and Kris
L5 Investments, MLA Properties and BH Equities have acquired the 360-unit Cielo Apartments and plan to invest $4.2 million in capital improvements.
Located in Newark, N.J., the multifamily property features 480 apartment units, on-site laundry facilities, parking and landscaped courtyards.
NEW ORLEANS — Marcus & Millichap Capital Corp. (MMCC) has arranged a $22.2 million loan to refinance Oakmont Apartments, a 336-unit multifamily community in New Orleans. Robert Bhat of MMCC arranged t
PLANT CITY, FLA. — Cushman & Wakefield has brokered the $35.7 million sale of Plantation at Walden Lake, a 352-unit apartment community located at 1400 Plantation Blvd. in Plant City, roughly 25 miles
Developer Michael Lilikakis is joining the residential boom in Sheepshead Bay. Lilikakis filed plans with the Department of Buildings on Friday for
Fredrik Eklund, the "Million Dollar Listing New York" star and top Douglas Elliman broker, is looking to sell his Tribeca condominium at 290 West Stre
Essex Realty Group has arranged the sales of 431-455 Brandy Dr. (pictured) and 223-265 Uteg St. in Crystal Lake, IL for a combined $7.3 million. Sellers and buyers were not disclosed. 431-455 Brandy i
Located at 119-123 Kent Ave. in Brooklyn, the three contiguous buildings feature a total of 17 apartments, three ground-floor retail units and one office space.
The portfolio is located on the Willoughby Spit peninsula and comprises 104 units spread throughout nine individual properties.
Related Companies, today announced it is acquiring 7,837 affordable housing units from Apartment Investment and Management Company. Related Affordable, the affordable housing division of Related Cos.
Desert Ridge Apartments, a multifamily garden-style property in Las Vegas, has been sold for $30.75 million. Truckee, CA-based OpenPath Investments, LLC acquired the property from Salt Lake City-based
Silverback Development has partnered with the Caerus Group to co-develop a $47-million multifamily residential high-rise in Upper Manhattan’s Hudson Heights neighborhood. The partnership expects to br
Pictured: Bayview Apts., one of four San Francisco properties being sold as part of Aimco's $590 million portfolio sale to Related Cos.Denver-based Apartment Investment and Management Co. is selling a
CAMDEN, NJ - Camden Mayor Frank Moran, State Senator Nilsa Cruz-Perez (D-Camden) and Camden County Freeholder Jeffrey Nash were among the...
CHICAGO AND GLENVIEW, ILL. — Essex Realty Group Inc. has brokered the sale of two apartment properties in the Chicago area for $25 million. One of the properties is a 31-unit building located at 1545
BOZEMAN, MON. — Newmark has secured $11.8 million in permanent financing for Creekside Apartments in Bozeman. The new apartment building includes 72 residential units. Demetri Koston of Newmark’s Spok
Braintree, MA-based John M. Corcoran & Co. secured $43.6 million in construction financing for The Commons at Walpole Station in Walpole, MA, a six-story, 192-unit luxury apartment project with 5,400
El Dorado Hills, CA-based L5 Investments, in partnership with MLA Properties and BH Equities, acquired Cielo Apartments in Phoenix for $27.2 million.
BlitzLake Partners has tapped 33 Realty to lease and manage Duet, a 31-unit luxury rental apartment complex in Lincoln Park. The new build at 2448-2462 N. Lincoln Ave. is set for delivery in late summ
Since 2000 Los Angeles has spent $28.4 billion on the construction of new multifamily product as the spending on single-family construction has fallen.
HOUSTON, TX - Hunt Companies announced the completion of Catalyst Houston, the luxury high-rise residential development in Downtown Houston. Hunt,...
PATERSON, N.J. – Colliers International has arranged the sale of Cooke Mills, an apartment building located at 19 Market St. in Paterson. A private investor purchased the property from an undisclosed
NEW YORK CITY – Progress Capital has negotiated a $3.5 million permanent mortgage for a multifamily property located at 662 Madison St. in Brooklyn’s Bedford-Stuyvesant neighborhood. The borrower, New
Work on both phases involved a total of $166 million in public and private investment CAMBA Housing Ventures states.
Oxford Properties Group has closed on a $110 million mortgage to buy the leasehold interests in retail spaces and rental property within 252 East 57th Street. Toronto-based Oxford, the real estate inv
BlitzLake Partners has awarded 33 Realty, a Chicago-based commercial real estate firm, the leasing and management assignment for Duet, its newest luxury apartment development located at 2448-2462 N. L
Meridian Capital announced the following transactions: • A new mortgage in the amount of $8,300,000 on a 68-unit multifamily property located on 148th Street in Flushing, NY. The loan features a rate
Related Group and Block Capital Group broke ground on The Bradley, which includes 175 units ranging from 480 square feet to 1,000 square feet.
Kennedy Funding Financial has closed a $2 million loan to LZBC Next Level Realty to fund the construction of an eight-unit, four-story walk-up building at 100 Scholes Street in Williamsburg. Plans for
FPA Multifamily has made a handful of acquisitions in recent months.
Cedar Gardens Apartments in Federal way includes 49 units, while Birch Crest Apartments in Tukwila comprises 37 apartments. Both borrowers were local real estate owners.
Springs at Country Club features a resort-style pool, clubhouse, complimentary coffee bar, 24-hour fitness center, dog park and a pet spa area.
Bernard Financial Group arranged a $2.3 million loan for a 64-unit multifamily complex in Ypsilanti, Michigan.
TUCSON, ARIZ. — Cushman & Wakefield|PICOR has brokered the sale of Bellevue Winstel Apartments, an apartment building located at 3737 E. Bellevue St. in Tucson. Gould Family Properties VIII LLC sold t
NORTH HILLS, CALIF. — Greysteel has arranged $9 million in refinancing for Appletree Village Apartments, a multifamily property located at 9229 Sepulveda Blvd. in North Hills. John Mullen of Greysteel
SACRAMENTO, CALIF. — Greystone has provided a $28.5 million Fannie Mae DUS loan for the acquisition of Carmel Pointe in Sacramento. Located at 7826 Center Parkway, the garden-style multifamily propert
Located in downtown Phoenix, Escape features 244 apartments, a resident lounge with billiards and views of Camelback Mountain.
Interra Realty, a Chicago-based commercial real estate investment services firm, has brokered the $30 million sale of 445 W. Wellington Avenue, a 15-story condominium building in Chicago’s Lakeview Ea
The company arranged the loan for Appletree Village Apartments, a 125-unit affordable housing community located in North Hills, Calif.
Kushner Companies has offered to buy the luxury co-op building at 417 Park Avenue for $250 million, a new report claims. The co-op board at the 13-
BAKERSFIELD, CALIF. – The Mogharebi Group (TMG) has arranged the sale of Case Del Sol Apartments, a 205-unit multifamily community located at 2601 Fremont St. in Bakersfield. A San Fernando Valley, Ca
CHICAGO — Outlook Management Group LLC has begun managing Seven 10 West, a luxury apartment property in Chicago’s River West neighborhood. Developed this year by Outlook Development and Wicker Park Ap
Chicago-based Waterton has reached a final close on its latest value-add multifamily fund, Waterton Residential Property Venture XIII, LP. Venture XIII, which launched in fall 2016, closed with $920 m
NKF Capital Markets closed an $85-million, non-recourse, floating rate, first mortgage loan for The Met Hollywood, a mixed-use multifamily property located at 5837 W. Sunset Blvd. in Hollywood. The mo
CapStack Partners is increasing its Nashville footprint and currently in contract to purchase three local publications.
The Naftali Group has secured a $48 million refinancing for its Landmark Park Slope multifamily rental building in Park Slope, Brooklyn.
ORLANDO, FLA. — Franklin Street has brokered the $16.9 million sale of CaSienna Apartments, a 160-unit multifamily community located at 5703 Stoneridge Court in Orlando. Robert Goldfinger, Darron Katt
Love Funding closed a $5.95 million loan for the refinance and rehabilitation of Central Towers Apartments, an affordable senior community in southwest Detroit, Michigan.
American Realty Capital New York City REIT (NYCR) has secured a $50-million loan from Société Générale. The 10-year, fixed-rate debt is secured by mortgages on NYCR’s retail condominiums at the Upper
Research by JLL reveals a large number of Los Angeles County apartments built before 1978, with garages and carports on the ground-level are at risk of collapse during an earthquake.
A 24-unit mixed-use property at 4433 W. Fullerton Avenue in Chicago’s Hermosa neighborhood has traded for approximately $2.5 million. Essex Realty Group brokered the sale; seller and buyer were not di
Soleste Twenty2 will feature a pool with sundeck and private cabanas, gaming room, theater room, fitness center, jogging trail, dog park and a children’s playground.
Autumn Park Apartments features two swimming pools, a tennis court, dog park, grilling areas, playground and a fitness center.
HOUSTON — LMI Capital has closed three acquisition loans totaling $9.5 million for two apartment communities and one office building located throughout the greater Houston area. The properties include
Following the acquisition of The Kennedy, Pensam Residential now owns seven multifamily properties in the San Antonio area.
Brandywine Realty Trust signed on development partners to help build a 34-acre, mixed-use project on in southwest Austin. Garza Ranch at MoPac Boulevard and Ben Garza Lane, is expected to go north at
GFI Realty Services has arranged the $1.75-million sale of 196 Russell St., a three-unit multifamily building located in the Greenpoint section of Brooklyn. The property, built in 1910, totals 3,135 s
Republic Urban Properties’ proposed $300-million Gateway at Millbrae Station transit village development in Millbrae, CA received City Council approval to move forward. The 400-unit apartment project
Portside Ventura Harbor, a 27-acre coastal community featuring 270 deluxe apartment residences and 30 live/work units is moving toward completion next year in Ventura, CA. The first sequence of 56 res
WEST NEW YORK, BAYONNE, N.J. — Marcus & Millichap has negotiated the sales of two apartment buildings in separate transactions in Hudson County, New Jersey, for a combined $3.5 million. In the first t
FEDERAL WAY, WASH. – Hunt Mortgage Group has arranged a $5.1 million loan for the refinancing of Cedar Gardens Apartments, a multifamily property located at 2110 S.W. 337th Place in Federal Way.
NEW YORK CITY — Ariel Property Advisors has brokered the sale of 523 West 135th Street, a 21-unit multifamily building in the Hamilton Heights neighborhood of Manhattan. The five-story, 13,770-square-
DENVER – Pinnacle Real Estate Advisors has arranged the sale of Zuma Lofts, a mixed-use building located at 3455 W. 38th Ave. in Denver. Zuma Lofts LLC sold the property to RLC Zuma LLC for $6.9 milli
RALEIGH, N.C. — Greystone has provided a $29.2 million Freddie Mac loan for the refinancing of Andover at Crabtree, a 368-unit apartment community in Raleigh. Dale Holzer of Greystone originated the s
SAN ANTONIO — JLL has arranged the sale of Villa de Oro, a 150-unit multifamily community located in southwest San Antonio. Situated on roughly five acres, the property consists of eight three-story b
WEST HOLLYWOOD, CALIF. – Culver City, Calif.-based Goldrich Kest has purchased Infinity West, an apartment building located at the intersection of Sunset Boulevard and La Brea Avenue in West Hollywood
Beneva Place features a clubhouse, business center, 24-hour fitness center, laundry center, pool, fire pit, gazebo and picnic and barbecue areas.
GRAND BLANC, MICH. — KeyBank Real Estate Capital has originated a $14.7 million Fannie Mae loan for the refinancing of The Grand in Grand Blanc near Flint, Mich. Developed between 2014 and 2017, the m
The up-and-coming Falls Church mixed-use project will bring 74,000 square feet of office space, 295 residential units and 25,000 square feet of retail to the market, boosting the local economy.
DALLAS — Transwestern has brokered the sale of Plaza Del Lago, a 320-unit multifamily community in Dallas. Built in 1982, the property is located on the city’s northwestern side near Dallas Love Field
Jefferson Alpha West, a 529-unit apartment community within the Alpha+Inwood mixed-use development in Farmers Branch, is slated for a mid-2020 completion.
Vancouver, Canada-based Westbank secured $245 million in construction financing for 707 Terry Ave. in Seattle. Upon completion, the project will consist of two, 33-story luxury apartment towers with 4
Cohen Financial’s Cathy Bronkema recently secured a $15.35-million bridge loan for the acquisition of the Minneapolis Grand Apartments. The 112-unit rental property was 97% occupied at time of close.
HFF has arranged the sale and acquisition financing of Optima Chicago Center, a 325-unit apartment high-rise in the city’s Streeterville neighborhood. Buyer and sales price were not identified. Crain’
NEW YORK CITY — Cushman & Wakefield has negotiated the $17.5 million sale of a multifamily building in the Williamsburg neighborhood of Brooklyn. The buyer was Golden Lioness Corp. Located at 347 Berr
WILLOW GROVE, PA. — J.G. Petrucci Co. has acquired five properties totaling six acres in Willow Grove in separate transactions brokered by CBRE. The sales price was not disclosed. Willow Grove is loca
L+M Development and Omni New York have teamed up to propose a $2.2 billion, 2,000-unit housing complex for the South Bronx waterfront. The project,
Denver-based Apartment Investment and Management Company (Aimco) acquired six apartment communities in the Philadelphia MSA from Philadelphia-based Dranoff Properties, Inc. for $445 million.
Following a January subscription launch after months in beta mode, automated underwriting platform Enodo has added new features to its existing product suite for the multifamily sector. With these new
The Triangle, a mixed-use apartment and retail complex in Austin, TX, received a $78-million loan to refinance the 520-unit property. Houston-based residential investor and developer, The Dinerstein C
Marcus & Millichap’s Stephen Lieberman and Kyle Stengle arranged the sale of a 53,931-square-foot, mixed-use commercial loft building and adjacent parking lot at 1040 W. Huron St. in the River West ne
“A harmonious dialogue with Tribune Tower” was proposed by Golub & Co. and CIM Group as the development partnership outlined at a community meeting Monday night. That dialogue would entail building a
ATLANTA GA—An affiliate of Tampa-based Blue Magma Residential closed a $44.4 million 918-unit apartment portfolio near Hartsfield-Jackson Atlanta…
KANSAS CITY, MO. — Hunt Mortgage Group has provided a $5 million Freddie Mac small balance loan for the acquisition of Holly Ridge Townhomes in Kansas City. The 54-unit apartment property consists of
DETROIT — Love Funding has secured a $5.9 million HUD 223(f) loan for the refinancing of Central Towers Apartments in Detroit. The affordable seniors housing property features 232 units within two bui
EVANSTON, ILL. — Developers CA Ventures and Focus have broken ground on 811 Emerson, an apartment building near Northwestern University in Evanston, Ill. The nine-story, 241-unit transit-oriented deve
Located in Tucson, Ariz., Skyline Park Apartments features 60 one- and two-bedroom apartment units, a swimming pool and a children's play area.
SAN MATEO, CALIF. — HFF has arranged $132.9 million in refinancing for a three-property apartment portfolio located within Bay Meadows, a master-planned community in San Mateo. The borrower, an affili
Bella Vista at Boca Del Mar (pictured) in Boca Raton, Fla., was included in the transaction. (Photo courtesy of Greystar.)
SAVANNAH, GA. — Savannah-based Foram Group has received approval from the Savannah City Council for zoning amendments needed to move forward with Starland Village, a planned $40 million mixed-use deve
ABINGTON, MASS. — Fantini & Gorga has arranged a $1.4 million loan for the acquisition of a multifamily property in Abington, 20 miles south of Boston. Located at 387 Adams St., the 12-unit apartment
AUSTIN, TEXAS — NXT Capital has provided a $25 million acquisition loan for a 230-unit, Class B apartment community located roughly eight miles south of downtown Austin. Situated one mile east of Inte
Hunt Mortgage Group has provided a $5-million Freddie Mac Small Balance Loan to finance the acquisition of Holly Ridge Townhomes, a multifamily property in Kansas City, MO. The borrower is PI Holly Ri
Cheskie Weisz's CW Realty Management, Joyland Group and Meral Property Group are selling a trio of contiguous mixed-use buildings in Williamsburg for
An affiliate of Stockbridge Capital Group secured a $132.9 million, fixed-rate loan through TH Real Estate for a three-property apartment portfolio totaling 336 units in San Mateo, CA. Loan proceeds w
“Regardless of where multifamily assets are located as long as they are near – and transit accessible to – employment centers they are competitively bid
Dranoff is turning his focus to his luxury condominium developments including the nearly completed Theater Lofts adjacent to the New Jersey Performing
Agency lenders are making more permanent loans than ever on apartment properties.
SEATTLE — ACME Realty has purchased Remi Apartments, a multifamily community located at 2727 Eastlake Ave. East in Seattle’s Eastlake neighborhood. An undisclosed company sold the property for $17.7 m
MESA, ARIZ. — MIG Real Estate has acquired the 209-unit Trails at Harris Apartments in Mesa for $22.1 million. The community is located at 1653 S. Harris Drive.
The Chicago firm wants to bring private investment opportunities in the multifamily market to its wealth management clients.
CHARLOTTE, N.C. — Arbor Realty Trust Inc. has provided a $14.1 million loan through Fannie Mae’s Green Rewards program for the acquisition of Crown Point Townhomes in Charlotte. Alexander Kaushansky o
KING OF PRUSSIA, PA. —The Bozzuto Group has completed the development of Canvas Valley Forge, a 231-unit active adult community in the Philadelphia suburb of King of Prussia. KTGY Architecture + Plann
Square Mile Capital Management has finalized a $260 million loan for Delancey Street Associates' planned building at 202 Broome Street.
ACME Realty acquired Remi Apartments, an urban apartment community in Seattle for $17.75 million.
In two separate transactions, Essex Realty Group has arranged the sales of a new-construction apartment property in the North Side’s Wicker Park/Bucktown neighborhood, and another new build in suburba
New York-based Millennium Partners submitted updated plans for Hollywood Center, a $1-billion mixed-use development envisioned for 1,005 residential units in two high rises above retail and courtyard
GFI Realty Services has arranged the $4.31-million sale of 662 Madison St. (pictured), a newly gut-renovated nine-unit apartment building in the Bedford-Stuyvesant section of Brooklyn. GFI Realty’s Za
The rehabilitation plan includes a fast-paced construction phase estimated to be complete within 24 months during which no residents are expected to be
Largo Center (pictured) was included in the transaction. The community features a swimming pool, clubhouse and in-unit washers and dryers.
ILLINOIS, KANSAS AND OHIO — Waypoint Residential has acquired three multifamily properties and one student housing property in the Midwest. Neither the purchase price nor the sellers were disclosed. T
MORRISTOWN, N.J. — NorthMarq Capital has arranged a $30 million loan to refinance the DeMattheis Multifamily Portfolio, which includes eight apartment properties in New Jersey. Four properties are loc
SL Green has sold off yet another part of its Stonehenge portfolio. For $287 million, A&E Real Estate Holdings has purchased Stonehenge Village, the three-tower, 420-unit apartment complex in New York
Buchanan Street Partners teamed with CarVal Investors to make a $16 million preferred equity investment in the 409-unit Jefferson Alpha West, a Class A apartment complex soon to be under development i
Marcus & Millichap completed a $19-million sale of Cypress Villas, an 83-unit apartment property located in Redlands, CA. The buyer was an unnamed limited liability company.
CEDAR RAPIDS, IOWA — NorthMarq Capital has arranged a $7.7 million loan for the refinancing of Wheatland Club Apartments in Cedar Rapids. The 144-unit apartment property is located at 5617 Muirfield D
NEW YORK CITY — Madison Realty Capital has provided a $72 million first-mortgage loan for the nearly completed condominium development in the Chelsea neighborhood of Manhattan. The financing retires t
Treetop Development has sold its Elmhurst apartment complex to Zara Realty for $56.5 million, according to property records. The property at 94-26
Hidden Lakes Apartments in Fort Worth was built in 1996. Texas-based CAF Capital Partners recently acquired the property.
KNOXVILLE, TENN. — CBRE Capital Markets has provided an $18.1 million loan through the U.S. Department of Housing and Urban Development (HUD) for the refinancing of The Villas of Emerald Woods, a 198-
Solamere Grand was completed this month and features a clubhouse, business center, TV lounge, resort-style swimming pool, fitness center, sauna, playground, dog park and grilling stations.
CLUTE, TEXAS — Arbor Realty Trust Inc., a New York-based direct lender, has provided a $20.8 million bridge loan for a 520-unit multifamily property in Clute, about 60 miles south of Houston. The prop
AUSTIN, TEXAS — Sterling Real Estate Partners, a joint venture between Los Angeles-based Barker Pacific Group and Pacific Real Estate Partners (PREP), has acquired Spring Valley Apartments, a 230-unit
CHICAGO — White Oak Realty Partners and Crayton Advisors are developing a 275-unit apartment property in Chicago’s West Loop. Known as Milieu, the 19-story development is scheduled for completion in t
ST. LOUIS — A joint venture between Elite Street Capital and Rialto Capital Management has acquired the Lofts at the Highlands in St. Louis for an undisclosed price. The 200-unit apartment property is
PHOENIX — NorthMarq Capital has debuted the new NorthMarq Multifamily business, which debuted with a 10-person multifamily investment sales team headquartered in Phoenix. This new team marks the begin
Berkadia has written a $22.15 million Freddie Mac loan against the 272-unit Advenir at Magnolia apartment property in the Orlando, Fla., suburb of Fer...
KeyBank secured the acquisition loan for Landmark at Lake Village on behalf of Madera Residential, a Lubbock-based multifamily investment firm.
PIKESVILLE, MD. — Peak Management LLC has acquired Annen Woods, a 131-unit apartment community in Pikesville, for $24.5 million. The community is located at 1 Harness Court, roughly 20 miles northwest
KBS Legacy Partners Apartment REIT, Inc. divested 11 multifamily communities totaling 3,039 units located in core markets in Minnesota, Illinois, Missouri, Texas, Maryland, North Carolina and South Ca
Accend Cos. of Chicago acquired the 7.5-acre, 226-unit Flats at Big Tex apartment complex. Accend, which specializes in operating high-end apartment properties, acquired the asset at 423 Blue Star in
The Praedium Group has acquired the newly-constructed Maverick North Loop Apartments in Minneapolis. It’s located within the city’s North Loop, an area popular with young professionals as well as tech
Essex Realty Group recently completed the sales of four multifamily properties across Chicago’s North Side. Two of these sales were accounted for by one seller and one buyer, who were not identified:
LACEY, WASH. — Shelter Resources has acquired the 164-unit College Glen Apartments in Lacey for $19.3 million. The community is located at 4870 55th Lane SE. It was built in1996. College Glen is a low
MSD Capital LP, an investment firm for Michael Dell and his family, has acquired a portion of the Knox Street dining and entertainment district. The acquisition includes the district's Trader Joe's gr
Multifamily investor ABJ Properties has closed on the $65 million purchase of a 15-building portfolio in the Bronx.
“Prospect Place represents the right mix of infill Northern New Jersey multifamily product with renovation upside” HFF's José Cruz says.
ELMHURST, ILL. — The Opus Group has broken ground on a luxury apartment property in Elmhurst, a suburb of Chicago. The project will feature 164 residential units and more than 7,600 square feet of ret
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WACO, TEXAS — Marcus & Millichap has closed the sale of Tinsley Place, a 214-unit multifamily community located approximately one mile from Baylor University’s campus in Waco. Built in 2015, the prope
KBS Legacy Partners Apartment REIT Inc. has sold its final two properties for $104.5 million. Elite Street Capital, a Houston property investor, paid...
MWest Holdings Has Purchased Santa Fe Lofts in DTLA for $70 Million from Capital Foresight
Significant increases in mortgage rates drove declines in the Freddie Mac Multifamily Apartment Investment Market Index (AIMI) across most U.S. markets for the Q4 2017 and over the year.
Zen Apollo features a swimming pool, fitness center, clubhouse with billiards, movie theater and poker tables. (Photo courtesy of Zen Apollo)
NEWARK, N.J. — Progress Capital has arranged $5.2 million in permanent financing on behalf of West of Hudson Properties for the acquisition of a two-building apartment community in Newark. The lender
WRENTHAM, MASS. — Trammell Crow Residential has broken ground on a 240-unit apartment development in Wrentham, approximately 30 miles south of Boston. The complex, which will be called Alexan Wrentham
HACKENSACK, N.J. — HFF has arranged the sale of Prospect Place, a 360-unit, two-building apartment community in Hackensack, for $100 million. Jose Cruz, Kevin O’Hearn, Michael Oliver, Stephen Simonell
SANTA CLARA, CALIF. — NorthMarq Capital has arranged $134 million in financing for two apartment communities in Santa Clara. The communities consist of the 340-unit Orchard Glen located at 101 Saratog
CBRE Capital Markets’ Debt & Structured Finance team arranged a $199 million loan on behalf of San Diego-based Strata Equity Group for its purchase of an 11-property apartment portfolio. All 1,731 uni
The townhome-style community features a dog park, outdoor grilling kitchen, fitness center, pool and onsite maintenance.
NEW YORK CITY — Alpha Realty has brokered the sale of a 10,000-square-foot multi-use building in the Upper East Side of Manhattan for $7 million. The property, located at 148 East 98th St., is a newly
SAN ANTONIO — Florida-based Michaelson Real Estate Group and its private equity partners have acquired The Fountains Apartment Homes, a 101-unit multifamily community in San Antonio. Built in 1973, th
NEW YORK CITY — TerraCRG has arranged the sale of a vacant, six-unit apartment building in the Bushwick neighborhood of Brooklyn. Located one block from the Jefferson Street L subway station at 1271 W
Joy Construction Corporation and Maddd Equities have successfully refinanced the construction loan for The Lewis, the pair's luxury apartment project in the Hudson Yards neighborhood of Manhattan. The
New York Community Bank lent Kushner Companies $102.5 million to acquire and renovate Prospect Place, a two-building complex in Hackensack.
Marcus & Millichap has arranged the $16.85-million sale of West Bridge Associates Portfolio, a six- building apartment portfolio on Manhattan’s Upper West Side. Seller and buyer, both private investor
KKR Real Estate Finance Trust (KREF) capped an active March with an $86-million senior loan on a 186-unit New York City multifamily property. KREF didn’t identify the borrowers. An announcement from H
Presidio is a 296-unit apartment community in Bryan, Texas that serves students at Texas A&M University and Blinn College.
Upgrades are coming to the unit interiors of Carrington at Barker Cypress, a 330-unit apartment community in metro Houston.
CHICAGO — KeyBank Real Estate Capital has originated a $92.7 million Freddie Mac loan for the refinancing of The Pavilion Apartments in Chicago. Built between 1968 and 1972, the property includes five
Exchange at Holly Springs will feature a clubhouse, business center, fitness center, resort-style pool with outdoor grilling areas, a dog park, detached garages, package concierge services and bike st
ORLANDO, FLA. — Roger B. Kennedy Construction has broken ground on Ecco on Orange, a 300-unit apartment community located at 3135 S. Orange Ave. in Orlando. An affiliate of LeCesse Development Corp. i
Altera North Pointe in Durham, N.C., is located adjacent to North Pointe Shopping Center and will soon offer direct pedestrian access to the Ellerbe Creek Greenway, which is nearing completion.
COLORADO SPRINGS, COLO. — Security Properties has purchased the 220-unit Willows at Printers Park apartment complex in Colorado Springs for $41 million. The community is located at 2205 Willow Tree Gr
NEW YORK CITY — Marcus & Millichap has arranged the sale of a six-building, 107-unit multifamily portfolio in Manhattan for $16.8 million. The West Bridge Associates Portfolio is located on 151st and
PHILADELPHIA — Developer and investment firm Cross Properties has secured a $40 million construction loan for the renovation of The Dane, a historic, 241-unit apartment community in West Philadelphia
Buchanan Street Partners has paid $31.75 million, or $198,438/unit, for the 160-unit Pinnacle Fort Union apartment property in the Salt Lake City subu...
Brooklyn developers Bernard and David Jacobowitz secured a $65 million refinancing for four of their apartment buildings in the borough, according to
Los Angeles-based Gelt Inc. acquired a two-property apartment portfolio totaling 491 units for $74 million in two submarkets 25 minutes south of downtown Seattle. The properties include The Row, a 247
LOS ANGELES — A partnership between D & B Capital Partners, Arrowroot Family Office and ARB Investments has formed Arrowroot Real Estate, a new entity which will invest in modernizing and rebranding w
DENVER — Nexus Commercial Real Estate has arranged the sale of Glenview Apartments, a multifamily property located at 16300 R. Colfax Ave. in Denver. Odgen Park Town Homes sold the property to 16300 C
BEVERLY HILLS, CALIF. — Arriba Capital has arranged a $5.3 million loan for the acquisition of a multifamily property located in Beverly Hills. The borrower is a private equity real estate investment
LONG BEACH, CALIF. — Greystar Real Estate Partners, on behalf of its real estate funds, has purchased Pacific Court Apartments, located at 250 Pacific Ave. in Long Beach, for an undisclosed price. The
STERLING HEIGHTS, MICH. — Franklin Property Corp., in partnership with Cranbrook Investment Partners LLC, has acquired Plumbrook Greens Townhouses in Sterling Heights for an undisclosed price. The pro
ALPHARETTA, GA. — Cushman & Wakefield has brokered the sale of Juncture, a 560-unit apartment community in Alpharetta, a northern suburb of Atlanta. CoStar reports Dallas-based JLB Partners, which dev
BOSTON — Fantini & Gorga has arranged $13.4 million in permanent financing for a five-story, mixed-use property located at 900 Beacon St. in the Audubon Circle neighborhood of Boston. The property, kn
NEW YORK CITY — Meridian Investment Sales has brokered the sale of an 18,860-square-foot, 29-unit apartment building in East Harlem for $14.2 million. The buyer was BEB Capital. Located at 238 East 10
As the city’s multifamily market gains steam, A&E Real Estate Holdings has resumed tackling monster deals. A&E closed Friday on the purchas
Marcus & Millichap’s Institutional Property Advisors (IPA) division arranged the sale of a two-property, 518-unit multifamily portfolio in the popular Westlake District of Middletown, CT. Middletown B
Multifamily investment platform Redwood Capital Group has established a vertically-integrated investment management platform, replacing a network of third-party vendors. The firm has hired Bon Hanraha
Los Angeles-based MWest Holdings, in partnership with GreenOak Real Estate, acquired Santa Fe Lofts, a 132-unit residential property in Downtown Los Angeles from Studio City, CA-based Capital Foresigh
Related Midwest and Tucker Development revised their plans for a Fulton Market residential tower. The development team revealed a new design that shaves eight stories from the proposed 51 story condo
Westend, a 390-unit multifamily community in Denver, was acquired by Minot, ND-based IRET for $128.7 million. The 11.6-acre downtown apartment community is located at 3500 Rockmont Dr.
SVN | Ramshaw Real Estate has completed the sale of a 414-unit multifamily portfolio in Champaign, IL. Buyer and seller were not disclosed. SVN | Ramshaw’s Alex Ruggieri brokered the $21.25-million de
San Mateo, CA-based JEMCOR Development Partners broke ground on Ageno Apartments, a 171-unit, mixed-income, transit-oriented development in Livermore, CA.
Ageno Apartments a 171-unit mixed-income transit-oriented development is underway in the final construction phase of the master-planned Vineyard Crossing
The daily NAV REIT is intensifying its focus on multifamily.
M&R Development has unveiled interior and amenity renderings for its Residences at Addison & Clark mixed-use project, a joint venture with Bucksbaum Retail Properties in Chicago’s Lakeview neighborhoo
TAMPA, FLA. — American Landmark has acquired Waters Edge, a 216-unit apartment community located at 7610 W. Waters Ave. in Tampa. The name of the seller and the sales price were not disclosed. America
PUNTA GORDA, FLA. — Dougherty Mortgage LLC has provided a $22.7 million loan for the acquisition and rehabilitation of Seven Palms Apartments, a 336-unit affordable housing community in Punta Gorda. T
VININGS, GA. — Greystone Brown Real Estate Advisors has arranged the $58.3 million sale of Stone Ridge at Vinings, a 440-unit apartment community in Vinings, roughly 11 miles north of downtown Atlanta
CHICAGO — Kiser Group has brokered the $9 million sale of The Maynard in Chicago’s Uptown neighborhood. The 74-unit apartment building is located at 4875 N. Magnolia Ave. Originally built in 1925, the
RAPID CITY, S.D. — Love Funding has provided a $24.2 million FHA-insured loan for the construction of Moon Meadows Apartments in Rapid City. The 160-unit multifamily property will feature a mix of one
The Davis Building was originally built in 1926 and renovated in 2003 to offer loft-style apartments and ground-floor retail space. The latest renovation project to convert those units into upscale re
A launch party for Catalyst, a 359-unit apartment property located near Minute Maid Park in downtown Houston, will be held on April 6. The property will make its official debut the day before.
TARRYTOWN, N.Y. — CBRE has brokered the sale of Talleyrand Apartments, a 300-unit multifamily community in Tarrytown. County records listed the sale at $91 million. Jeffrey Dunne, Gene Pride and Eric
NEW YORK CITY — Marcus & Millichap has arranged the sale of two apartment properties in Brooklyn for a combined $2.8 million at 102 Baltic St. and 361 Legion St. Located in the Columbia St. Waterfront
MIDDLETOWN, CONN. — Institutional Property Advisors, a division of Marcus & Millichap, has arranged the sale of a two-property, 518-unit apartment portfolio located in the Westlake District of Middlet
NEW YORK CITY — Forest City Realty Trust has completed the disposition of 461 Dean St., a 363-unit apartment community in Brooklyn for $156 million. The selling price reflects a capitalization rate of
Jorge Madruga’s Maddd Equities and Joy Construction Corporation have locked in an $86 million refinancing from KKR for its newly opened Hudson Yards r
An ambitious plan to convert a contaminated site in Downtown Atlanta to hundreds of apartments and retail space recently received a huge shot in the arm. The boost comes from the Development Authority
Green financing experienced a big uptick in 2017 as multifamily owners and investors took advantage of rewards programs offered by Fannie Mae and Freddie Mac. Last year, Fannie Mae invested more than
Bridgetown Lofts, a mid-rise apartment community in Portland, OR’s Pearl District was acquired by Madison Park Financial Corporation for $55 million. The seller was Portland Guild Loft Partners, LLC.
use Cambridge, a 244-unit Class A apartment community located on Cambridgepark Drive in Cambridge, MA, has traded hands. An entity owned by Wafra Residential Value Invest I, a Wafra Investment Advisor
erkadia completed the sale and financing of a six-property portfolio located in St. Louis County, MO. The 2,000-unit, garden-style portfolio sold for nearly $180 million, marking it the largest multif
Black Creek Group acquired three adjacent industrial warehouses, totaling 743,381 square feet, in Colton, CA from an unnamed national REIT.
Boling to get his thoughts on location retail and amenities on these projects.
OAKLAND, CALIF. — CIM Group has started construction of a residential development located at 40 Harrison St. at Jack London Square, a 12-acre entertainment and business destination on Oakland’s waterf
ROCK HILL, S.C. — Cushman & Wakefield has brokered the $17.4 million sale of Cushendall Commons, a 168-unit multifamily community located in Rock Hill, a South Carolina suburb of Charlotte. Watson Bry
CINCINNATI — CBRE Group Inc. has provided a $13.6 million HUD loan for the refinancing of The Reserve at 4th and Race, a luxury apartment property in downtown Cincinnati. The 15-story property feature
ROCHESTER, MINN. — The Opus Group and Titan Development & Investments have begun construction of a 154-unit apartment project Rochester, located in the southeast corner of the state. The six-story bui
Reserve at Providence in Charlotte, N.C., features a clubhouse, playground, dog park, picnic area, multi-sport court and three swimming pools. (Photo courtesy of Cushman & Wakefield)
ST. LOUIS AND VALLEY PARK, MO. — Berkadia has arranged the sale of a six-property multifamily portfolio located in St. Louis County. The 2,000-unit portfolio sold for nearly $180 million.
MCALLEN, TEXAS — JLL has arranged the sale of Kerria Square, an 82-unit multifamily community located in the Rio Grande Valley (RGV) city of McAllen. Built in 2014, the property was 95 percent occupie
The Moinian Group is planning a new large project in Lower Manhattan with 250 residential units. The mixed-use building at 3 Platt Street will stan
NEW YORK CITY — Meridian Capital Group has arranged $42 million in financing for the acquisition and renovation of an apartment property in the Lower East Side neighborhood of Manhattan. The eight-sto
Gary Barnett’s Extell Development Company is selling off a parcel on West 54th Street that is zoned for residential condominiums.
WAKEFIELD AND ACTON, MASS. — Colliers International has brokered the $45.2 million sale of a two-community, 185-unit apartment portfolio outside of Boston. The two apartment properties are located at
Real estate investment trust Broadtree Residential has lined up a $100 million line of credit from J.P. Morgan Chase.
Chicago Apartment Rent Gains Hold Steady as Inventory Spikes - Connect Media Commercial Re
A report from Zillow Group’s HotPads shows that Chicago apartment rents have enjoyed steady growth over the past seven months. That’s the case even as newly-available inventory has increased by more t
GLENDALE, ARIZ. — Colliers International has arranged the sale of Summerhill Place, a multifamily property located at 6801 W. Ocotillo Road in Glendale. Maesag Properties LLC, an entity formed by Shon
PORTLAND, ORE. — Madison Park Financial Corp. has purchased Bridgetown Lofts, a mid-rise apartment community located along the Williamette River in Portland’s Pearl District. Portland Guild Loft Partn
NEW YORK CITY — New York-based Hunt Mortgage Group has provided $14.4 million in Freddie Mac financing for the acquisition of three multifamily properties in Palm Beach County. New Jersey-based-Typhon
NEW YORK CITY — Rosewood Realty Group has arranged the sale of two five-story mixed-use buildings located at 943 and 973 Columbus Ave. in Manhattan for $14 million at a capitalization rate of 5.2 perc
SAN ANGELO, TEXAS — Marcus & Millichap has arranged the sale of Alamo Village, a 138-unit multifamily property located in the West Texas city of San Angelo. The property was built in 1977 and consists
NORTON MASS. — JLL Capital Markets has brokered the sale of East Main Apartments in Norton for $53.6 million. Campanelli Construction built the 188-unit multifamily community in 2017. Michael Coyne, T
Brompton Court Apartments in Houston totals 793 units. The new ownership will invest in upgrades to both the unit interiors and the communal amenities.
Forest City Realty Trust has sold the 363-unit apartment building at 461 Dean Street in Downtown Brooklyn for $156 million.
San Diego-based MG Properties Group acquired North Pointe Apartments in Vacaville, CA, for $87 million. which is located on the Interstate 80 corridor between San Francisco and Sacramento.
In the first deal, Pelican 9th LLC acquired Sonoran on 9th Apartments, a multifamily property located at 814 and 838 E. 9th St. in Tucson. SVP Holdings sold the 26-unit property for $4.6 million. Alla
DES MOINES, IOWA — CBRE | Hubbell Commercial has brokered the sale of two apartment properties in Des Moines for $5.1 million. Properties in the 108-unit portfolio include Rosewood Apartments at 221 E
SEATTLE — Newmark has secured $25.5 million in financing for 1111 East Olive Apartments in Seattle. Meriwether Partners developed the property for the longtime land owners. The property features 80 ap
LTN Capital Group, Inc. acquired the multifamily property located at 410 West End Ave. in New York City from Imperial Apartments, Inc. for $18.3 million, or about $436,000 per unit. The 20,272-square-
St. Moritz Apartments is located at 13835 Heritage Club Drive in Tampa, Fla., less than two miles from the University of South Florida. (Photo courtesy of St. Moritz Apartments)
Some of the investors are hoping to raise the rents, but many are satisfied to keep these apartments relatively affordable.
BEDFORD, TEXAS — A partnership between Transwestern Investment Group and S2 Capital LLC has acquired Oak Creek Apartments, a 464-unit multifamily community in Bedford, a northeastern suburb of Fort Wo
In an all-cash transaction, Akelius Real Estate Management has purchased the Stonehenge on Fifth, a 53-unit East Harlem rental building situated at 1274 Fifth Ave. in New York City, from a strategic p
Lightstone Group completed a purchase of four multi-family properties in various neighborhoods in the Bronx for $50.6 million on Friday.
Cushman & Wakefield has arranged the bulk condominium sale of The Cambium, an upscale condo project in the Village of Larchmont in Westchester County, north of New York City. The remaining 70 unsold u
Bloom International Realty plans to develop a pair of residential towers totaling one million square feet along the Zumbro River in Rochester, MN.
Transwestern Investment Group and S2Capital LLC acquired the 464-unit Oak Creek Apartments for one of its managed funds. The property, situated at 1611 Oak Creek Lane in Bedford, TX, is one of the lar
The Bridge, a contentious multifamily development next to San Antonio’s Hays Street Bridge was approved by City Manager Sheryl Sculley, subject to several conditions. Sculley’s okay effectively overro
Grandbridge Real Estate Capital has provided a total of $35.25 million of financing to help fund the purchase of two apartment properties in Greenvill...
Most major Texas MSAs continue to record net population growth and job growth which help to drive good storage returns making the Texas self-storage market
The lack of quality apartment land sites in the HurstEulessBedford submarket coupled with tenant demand to live in a centralized DFW location creates
Avesta Communities LLC acquired the 426-unit Chateaux Dijon Apartments in an off-market transaction valued north of $45 million. FHB Beverly Hill LP sold the Class A apartment complex at 5331 Beverly
DENVER — Nexus Commercial Real Estate has brokered the sale of Park Plaza Apartments, located at 2250 Josephine St. in Denver.
Located in Richland, Wash., Badger Mountain Ranch features 176 apartment units in a mix of one-, two- and three-bedroom layouts.
Tramore Village in Austell, Ga., features two swimming pools, a fitness center and a lighted tennis court. (Photo courtesy of Tramore Village)
Audubon Communities will invest $4.6 million in capital improvements for the property, and will rename the community The Garrett. (Photo courtesy of LoopNet)
GLENVIEW, ILL. — Glenview-based Providence, the parent company of Providence Management Co. LLC, has sold its interest in a 14-property, 3,451-unit multifamily joint venture portfolio located througho
HOBOKEN, N.J. — Angelo, Gordon & Co. and Prism Capital Partners have unveiled plans to recapitalize and develop a former industrial facility in Hoboken as an 89-unit apartment property with 10,000 squ
NEW YORK CITY — Rosewood Realty Group has arranged the sale of a 56,700-square-foot apartment building in Manhattan for $44.1 million. Located at 1274-1275 Fifth Ave., the six-story, 54-unit building
ARLINGTON, TEXAS — NAPA Ventures has sold Parkside Townhomes, a multifamily community in Arlington that features 144 rentable townhome units. The property, which is located within three miles of AT&T
NEW YORK CITY — Westbridge Realty Group has arranged the sale of a 5,600-square-foot apartment building located at 20-35 Gates Ave in the Ridgewood neighborhood of Queens. The vacant six-unit building
NEW YORK CITY — GFI Realty Services has arranged the sale of a six-story, 46-unit apartment building in the Bay Ridge neighborhood of Brooklyn for $12.5 million. The pre-war property, located at 218 7
Chateaux Dijon Apartments in Houston was built in the 1960s and renovated in 2016. Florida-based Avesta Communities LLC has acquired the property.
Alloy Development has tapped a local nonprofit to spearhead the affordable housing component of its Downtown Brooklyn megaproject.
Madison Realty Capital will lend $31.5 million to support the development and construction of a mixed-use building in Williamsburg, Brooklyn
In 2016, Sam Zell said, “It’s very hard not to be a seller.” Although New York City’s rental market has slowed two years later, Equity Residential
A vacant hospital in the Rockaways is set to be replaced by thousands of new apartments. The former site of the Peninsula Hospital will become a 17
GREENVILLE, S.C. — Grandbridge Real Estate Capital has arranged two acquisition loans totaling $35.2 million for Metropolitan Apartments and 2900 North Apartments in Greenville. Mike Ortlip and Josh D
MINNEAPOLIS — A partnership between Ryan Cos. US Inc. and Weidner Apartment Homes is developing an apartment project in the Uptown neighborhood of Minneapolis. Sons of Norway, a financial services and
Lake Cameron is located at 1000 Cameron Woods Drive in Apex, N.C., roughly 15 miles west of Raleigh. (Photo courtesy of Lake Cameron Facebook page)
The vacant office building at 200 Stovall St. in Alexandria, Va., will be converted into a 520-unit apartment community with 25,000 square feet of ground-floor retail.
The de Blasio administration’s rezoning plans are coming to the Bronx. The City Council is expected to approve rezoning a stretch of Jerome Avenue
NEW YORK CITY — Mack Real Estate Credit Strategies has provided Sugar Hill Capital Partners with a $97 million construction loan and a $30 million mezzanine loan to fund the redevelopment of One Prosp
International landlord Sentinel Real Estate sold two rental buildings at 921 and 941 Washington Avenue in Crown Heights for $53.3 million, records fil
Valley National Bank lent $44.7 million for the acquisition of a pair of rental apartment buildings in the Crown Heights area of Brooklyn.
Tuscany Ridge, a 336-unit Class A multifamily community located at 8203 W. Oraibi Dr. in Peoria, AZ, has sold for $54 million. The buyer was a San Diego-based JV partnership between Gerry Ranglas/RV M
Dallas developer Provident Realty Advisors received a nod from the San Antonio City Council to redevelop a site that once housed the Friedrich Air Conditioner Company. The project, dubbed Friedrich Lo
“Growth and development bode well for existing apartment properties such as Forest Hill Terrace” says Gebroe-Hammer Associates executive vice president
The firm brokered the sale of Sheridan Lake Club, a 240-unit property located in Dania Beach. The community traded to Electra America.
As the city's investment sales market appears to rebound, Miki Naftali is accelerating his assemblage moves. For its next luxury condominium projec
DJE Texas Management Group acquired its fourth value-add property in San Antonio. The local multifamily investment firm acquired the 106-unit Terrace Apartments from JBT Investments LLC. The sales pri
The City Council has voted to rezone a 92-block stretch along Jerome Avenue in the Bronx, the first rezoning in the borough since Mayor Bill de Blasio took office. The city expects the plan to add 4,6
Vermilion Development said it would begin sales soon on Alcove M.D.P., the condominium and townhome development it’s building in Wicker Park. Located at 1648-1650 Division St. and adjacent to a mixed-
The 384-unit Pecos Flats exemplifies the kind of multifamily product that investors are currently clamoring for. The property's location puts it just outside a core urban area with convenient access t
NEWPORT NEWS, VA. — HFF has secured an $18.8 million loan for the acquisition of Meadow View Townhomes, a 400-unit apartment community located at 4801 Marshall Ave. in Newport News, a town in Virginia
Broadstone Bryant Park in Charlotte, N.C., will feature a fitness center with yoga studio, coworking space, pool, electric car charging stations, bike storage, 24-hour package and dry-cleaning pick-up
Located in Heber City, Utah, Wasatch Commons Apartments features 224 apartments, including 106 newly renovated one-, two- and three-bedroom units.
CLEVELAND — Marcus & Millichap has arranged the sale of The Esmond in Cleveland for an undisclosed price. The 24-unit apartment building is located at 4806 Euclid Ave. in the Midtown neighborhood. Joh
Maya, located at 535 Kingsley Drive in Los Angeles' Koreatown, features 72 apartments in a mix of one- and two-bedroom layouts.
OAK PARK, ILL. — Interra Realty has brokered the $1.4 million sale of a condo deconversion in Oak Park, a suburb of Chicago. The buyer intends to convert the property’s 10 condominiums into apartment
MINNEAPOLIS — City Club Apartments (CCA) has broken ground on its newest community in the central business district of Minneapolis. The 17-story property will feature 307 apartments and penthouses. CC
PROVIDENCE, R.I. — Washington Trust’s Commercial Real Estate Group has provided $19.6 million in financing to Kettle Point Apartments LLC for the construction of a 134-unit apartment complex in East P
DALLAS — Greysteel has negotiated the sale of The Bailiwick and Tree Top, two multifamily properties totaling 96 units in the Oak Lawn area of Dallas. The Bailiwick was built in 1972, totals 59 units
McCord Development's new multifamily project within Redemption Square in Houston will feature 251 units and 17,000 square feet of retail space. Completion is slated for the end of 2019.
As Miami tries to sell off its four-year backlog of high-end condos, some developers are looking to Orlando. Yesterday, Kevin Maloney's Property Markets Group (PMG) filed plans for a three tower com
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Anbang Insurance Group, which caused a stir when it announced plans to convert hundreds of the guest rooms at the venerable Waldorf Astoria into residential condominiums, has lowered its sights on the
ANN ARBOR, MICH. — Hunt Mortgage Group has provided a $16 million Fannie Mae loan for the acquisition of Woodchase Apartments in Ann Arbor. The 144-unit garden-style apartment community, located at 11
MIAMI BEACH, FLA. — Cushman & Wakefield has brokered the sales of two apartment communities in Miami Beach totaling $32.2 million. The first transaction was for a six-story, 52,133-square-foot redevel
The Eddy at Riverview Landing will be situated along the Chattahoochee River within the 82-acre Riverview Landing mixed-use development in Smyrna, Ga.
NEW YORK CITY — Besen & Associates has brokered the sale of 1422 Nelson Avenue in the Highbridge section of the Bronx for $11 million at a cap rate of 4.2 percent. The 70,500-square-foot, six-story bu
NEW YORK CITY — Cushman & Wakefield has arranged the sale of 410 West End Ave., a seven-story apartment building in the Riverside-West End Historic District on Manhattan’s Upper West Side. The sales p
Kearny Bank has provided a $33 million loan to E&M Management for the $44 million purchase of two multifamily properties in New York.
INDIANAPOLIS — CBRE has arranged a $1.6 million loan for the refinancing of Monon Station Apartments in Indianapolis. Dan Gable and Jason Brown of CBRE arranged the 10-year Freddie Mac Small Business
Washington DC-based Urban Investment Partners (UIP) unveiled Frequency Apartments, a 100-unit luxury apartment community located in Washington, DC.
Perseus TDC, an affiliate of Transwestern Development Co., and its partner Four Points LLC commenced construction on the conversion of 200 Stovall St. in Alexandria, VA.
Los Angeles-based CIM Group commenced construction on an eight-story, residential development featuring 333 apartments and 2,400 square feet of ground floor retail at 40 Harrison Street in Oakland at
A Cushman & Wakefield team of Brock Emmetsberger, Billy Simons and Rachel Aschendorf has arranged the sale of 151 Eighth Ave., a five-story mixed-use building in Manhattan’s Chelsea neighborhood. A pa
When completed, the Fifth + Broadway mixed-use development will include 235,000 square feet of retail, about 400,000 square feet of office and more than 350 residential units.
Built in 1998, San Palmas at Mission Park features more than 200,000 rentable square feet. Continental Realty Advisors bought the property for $43 million.
A multifamily site Remington at Rockwall Downes consists of 42.6 acres and is planned to be a two-phase project with each phase consisting of 295 units
SALT LAKE CITY — Tower Commercial Mortgage has arranged $2.9 million in Freddie Mac permanent financing for Brickyard Apartments, a multifamily property in Salt Lake City.
SANTA ANA, CALIF. — Marcus & Millichap has arranged the sale of a four-property multifamily portfolio located in Santa Ana. An affiliate of Empire USA LLC acquired the portfolio from an undisclosed se
Billionaire Quek Leng Chan’s GuocoLand and joint venture partners are purchasing a condominium development in Singapore for $743 million, marking the
WOODBRIDGE, ST. CHARLES AND CRYSTAL LAKE, ILL. — Michael P. Jakubiec Investment Real Estate Inc. has brokered the sale of three apartment properties in Illinois for a purchase price of just under $26
Art Avenue in Orlando, Fla., features an internet lounge, coffee bar, fitness center, children’s art room, resort-style pool and an outdoor fire pit.
NEW YORK CITY — Cushman & Wakefield has arranged the sale of 151 Eighth Ave., a five-story mixed-use building in Manhattan’s Chelsea neighborhood, for $18.3 million. Brock Emmetsberger, Billy Simons a
It's likely to change the dynamics of residential real estate as an era of ultralow vacancies and steadily rising rents may come to an end.
The Massachusetts Mutual Life Insurance Company secured a $155 million mortgage for 555 West 42nd Street in Hell’s Kitchen, according to documents fil
A duplex condominium at One57 is for sale for the first time ever, with a $28.5 million price tag. Nest Seekers International’s Ryan Serhant is mar
Dallas-based HALL Structured Finance will lend $35.5 million to finance the construction of an apartment high-rise in St. Petersburg, Fla.
Bennat Charatan Berger and Andrew Miller’s Novel Property Ventures sold a Brooklyn Heights rental building long known as the Plymouth house after just
Katsumi Tada, a Japanese billionaire, has sold his Trump International Hotel and Tower apartment for $25 million. The apartment was on the market f
Dutch pension fund manager PGGM snapped up a 30 percent stake in apartment tower 21 West End Avenue, in a deal that valued the building at $650 millio
Perseus TDC is underway on the redevelopment of a massive 615,000-square-foot office complex in Alexandria, VA, into luxury multifamily and retail. Partnering with Washington, D.C.-based developer Fou
Four years after acquiring the property, 168 Suffolk St Owners LLC has traded ts namesake Lower East Side apartment building for more than twice the acquisition price. Eastern Consolidated’s Peter Car
Irvine, CA-based The Bascom Group, LLC acquired Tempo at Riverpark Apartments, a 235-unit infill apartment community located in Oxnard, CA, for $75.25 million. The property is part of the vibrant Rive
Robbins Property Associates secured $40.5 million in acquisition financing for Art Avenue Apartment Homes, a 300-unit garden style community located in Orlando. The seller was Los Angeles-based Colony
Clear Sky Capital bought North Park Apartments, a 192-unit multifamily complex situated in the Greenspoint submarket of Houston. The Phoenix, AZ-based buyer ended up with the asset at 90 Northpoint Dr
Those investing in apartments over the past decade understand that returns have been phenomenal, outperforming other property types. But are those apartment returns sustainable? In other words, would
WASHINGTON, D.C. — Skanska USA has topped out RESA, a 12-story, 326-unit apartment community located at 22 M St. in Washington, D.C.’s NoMa neighborhood. Situated 1.5 blocks from the NoMa/Gallaudet U
TEMPE, ARIZ. — Marcus & Millichap has arranged the sale of an apartment building located at 407-419 W. Seventh St. in Tempe.
TUCSON, ARIZ. — Alpha Wave Investors has purchased Orange Tree Village, a townhome-style multifamily property located at 645 W. Orange Grove Road in the Casas Adobes neighborhood of Tucson. A Texas-ba
City Park Apartments offers two- and three-bedroom units near the University of Southern California in downtown Los Angeles.
HURST, TEXAS — Renaissance Development will develop Quarry Falls, a mixed-use project at the site of an abandoned limestone quarry in Hurst, a northeastern suburb of Fort Worth. The project will be si
A timetable for completion of EMLI, the residential portion of the mixed-use EMLI at Liberty Crossing community in Wilmer, has not yet been established.
Sales of converted condo units at The Belnord, a 110-year-old multifamily property on the Upper West Side, are scheduled to begin this spring.
NEW YORK CITY — Eastern Consolidated has arranged the sale of a 10,000-square-foot mixed-use building at 168 Suffolk St. on the Lower East Side for $12.8 million. Peter Carillo of Eastern Consolidated
Mark Bahiri described Emerald Creek’s lending appetite as well as where he draws the line in competing for deals.
Despite China's takeover of Anbang Insurance Group last month, luxury condominiums are still coming to the Waldorf Astoria. An offering plan for "T
Emerson Apartments located at 1221 New Meister Ln. was sold pre-stabilized upon completion to a private buyer at an undisclosed sales price in a transaction
Brooklyn’s luxury market saw eight contracts signed last week, split between four houses, three condos and one co-op. The market, defined as all ho
ST. PAUL, MINN. — Marcus & Millichap has arranged the $2.8 million sale of Hoyt Avenue Apartments in St. Paul. The 36-unit apartment property spans two buildings with a mix of one- and two-bedroom uni
PCCP, LLC provided a $24.06-million senior loan to The Calida Group for the acquisition and renovation of Hampton Garden, a 180-unit apartment property located in Las Vegas’ Summerlin/Spring Valley su
NY-based Besyata Investment Group and The Scharf Group acquired One Dartmouth Place in Denver from Oak Coast Properties for $65.5 million. The 418-unit apartment property is located at 11000 E. Dartmo
Austin multifamily developer Oden Hughes began construction on 300 South Austin units. The as-yet-unnamed project, at 135 Foremost Dr. between South Congress Avenue and Interstate 35, is scheduled for
Groundbreaking has taken place for Sydney House, a 56-unit affordable development in the Williamsbridge section of the Bronx. Being developed by a partnership of the Almat Group and Habitat for Humani
Hunt Mortgage has arranged a $16-million Fannie Mae DUS Green Rewards loan to finance the acquisition of Woodchase Apartments, a 144-unit garden community in Ann Arbor, MI. The seller was not disclose
HFZ Capital Group and Westbrook Partners are partnering on a recapitalization of The Belnord, an historic full-block apartment house on Manhattan’s Upper West Side. Financial terms of Westbrook’s equi
Art Avenue in Orlando, Fla., features a resort-style saltwater pool, fitness center, spin room, outdoor lounge with a fire pit area and an outdoor kitchen.
Located in Tempe, Ariz., Vela features 290 apartment units, a resort-style pool and an activity courtyard with moveable movie projects, gaming area, fire pits and grilling areas. (Photo credit: Transw
BRADENTON, FLA. — HFF has arranged the $110.5 million sale of Carlton Arms of Bradenton, a 900-unit apartment community located at 5200 Riverfront Drive in the Tampa Bay community of Bradenton. The pr
TreeTop Development LLC has sold a Central Harlem portfolio comprising a vacant lot and four mixed-use multifamily buildings for $16.5 million. Dubbed the Adam Clayton Powell Cluster, the portfolio en
HOUSTON — CBRE has arranged a $10 million acquisition loan for North Park Apartments, a 192-unit multifamily community in Houston. The property offers one- and two-bedroom units and amenities such as
The Corcoran Group's Carrie Chiang and Janet Wang are taking over sales at Yitzchak Tessler's $300 million condominium development after Compass walke
Pictured is the three building portfolio in Manhattan’s Upper West Side that were purchased by Brooklyn investor Isaac Kassirer.
Principal Financial Lends $25M on Downtown Los Angeles Apartment complex near the USC campus.
Sale of the iconic modernist property in Newark’s Central Ward shatters the previous sale record for Newark multifamily properties by $18 million.
Permits to move forward on a 15-story apartment tower at the Bedford Union Armory in Brooklyn’s Crown Heights neighborhood have been filed with the Department of Buildings, city records show. The appl
Office and multifamily REIT Mack-Cali Realty Corp. has appointed CEO Michael DeMarco to its board, expanding the board’s membership to 10. DeMarco joined the company three years ago and “has been inst
Fremont Hills Development Corp. secured $65 million from Parkview Financial for the construction of a new mixed-use development in Fremont, CA. The development is composed of 158 multifamily units sit
Carlton Arms of Bradenton, a 900-unit, garden-style apartment community in Bradenton, FL, has been sold for $110.5 million. Jupiter, FL-based FLF Holdings purchased the offering free and clear of exis
RALEIGH, N.C. — Raleigh-based Greystone Affordable Development has closed $38.5 million in financing for the rehabilitation and development of a portfolio of affordable housing properties in Oklahoma.
MINNEAPOLIS — CBRE Multifamily has arranged the sale of Minneapolis Grand, a 112-unit apartment community in Minneapolis. The sales price was not disclosed. The property is located at 2401 Chicago Ave
Emerald Pointe in St. Petersburg, Fla., features a fitness center, pool, pet play area, car wash area, a clubhouse and laundry facilities.
NEW YORK CITY — Ariel Property Advisors has facilitated the sale of Adam Clayton Powell Cluster, a mixed-use portfolio in Central Harlem. The portfolio, which includes four mixed-use buildings and a v
BOSTON — NAI Hunneman’s Capital Markets Group has arranged the sale of a 10-unit brownstone building in Boston’s South End neighborhood at 665-667 Massachusetts Ave. for $4.3 million. The property is
Grandbridge Real Estate Capital has provided $25.4 million of Freddie Mac financing against the Capella Apartments, with 320 units in the Atlanta subu...
Rents fell from a year earlier for the third consecutive month in February as landlords competed for tenants in a market that’s overflowing with choices.
DENVER, COLO. — Besyata Investment Group and The Scharf Group have acquired One Dartmouth Place, an apartment community located in Southeast Denver, for $65.5 million. The seller was not disclosed.
Interest rates won’t sway rental market as much as they will the owner-occupied market.
Adam Clayton Powell Cluster, a portfolio of four walk-up apartment buildings and a vacant lot in Central Harlem, has traded for $16.4 million. Ariel Property Advisors facilitated the sale; buyer and s
Waterford Residential, LLC acquired Dover Shores Apartment Homes, an 18-unit apartment building in Newport Beach, CA, from an undisclosed private investor for $8 million.
The 298-unit community is the first phase of Village Square at Newnan Crossing, a 123-acre mixed-use development in Newnan, Ga., roughly 40 miles southwest of Atlanta.
Tempo at RiverPark in Oxnard, Calif., features a fitness center, yoga and spinning rooms, coffee bar, swimming pool, poolside cabanas and outdoor grilling stations.
NEW YORK CITY — Avison Young Tri-State has arranged the $32.5 million sale of the Canterbury, a pre-war 42,186-square-foot, 48-unit rental building located at 204 W. 108th St. in Manhattan’s Upper Wes
An Upper West Side rental property has just traded between two property management firms. The Orbach Group has sold The Canterbury, a 48-unit apartment building located at 204 W. 108th St. in New York
Hope Street Capital’s prayers have been answered. The company received approval on Tuesday from the Landmarks Preservation Commission to build its
Onni Group has sealed a $205.7 million Fannie Mae credit facility to refinance its debt on eight properties in California and Arizona.
And the Detroit multifamily market has been one of the strongest in recent years.
California-based Passco Companies acquired Merritt at Sugarloaf, a 424-unit multifamily asset in Duluth, GA for $68.85 million.
Kairoi Residential, the rebrand of Lynd Residential Properties and Lynd Development Partners in San Antonio, acquired 1,210 units in a value-add play from Omninet Capital in California. The four multi
After several years of limited new construction and somewhat sluggish demand the Sacramento apartment market has shown a strong resurgence particularly
A 1031 exchange that began with the sale of two properties elsewhere in Queens last summer has now concluded with the acquisition of a 108-unit apartment building in Far Rockaway. The seller in the $2
Slated for occupancy in August 2019, The Osborn Residences in midtown Phoenix will feature 190 apartments, ranging in size from 583 square feet to 1,358 square feet.
Hotelier Ian Schrager is seeking to sell his West Village apartment for $10.75 million. The three-bedroom apartment spans the entire third floor of
CHARLESTON, S.C. — Madison Capital Group and Chaucer Creek Capital, along with their capital advisor Patterson Real Estate Advisory Group, have broken ground on Sweetgrass at Bees Ferry, a 192-unit ap
Merritt at Sugarloaf in Duluth, Ga., features two swimming pools, tennis courts, a playground, outdoor grills, picnic areas, fire pit and a lake.
“Occupancy is hovering around 95 percent, and that’s a healthy rate, especially with lots of product moving through initial lease-up,” says Greg Willett, chief economist with RealPage Inc.
NEW YORK CITY — Equicap has arranged a $14.6 million construction loan on behalf of New York-based privately held development firm Winchester Equities. The financing will be used to build 2222 Ocean,
Toll Brothers City Living is aiming to sell $323.5 million worth of apartments at 77 Charlton Street, its forthcoming condominium project in Hudson Sq
Zeckendorf Development has landed a $175 million refinancing package from HSBC for its luxury condominium project at 520 Park Avenue, according to pro
Gary Barnett’s Extell Development sold $107 million worth of preferred shares in the $4 billion Central Park Tower development, according to documents
With its latest project, Certes Partners wants to bring the suburbs into New York City. Alongside development partners Metropolitan Acquisitions and United Management, Certes is constructing a 100,000
In advance of any downward movement, the best owners and managers are examining what can be done proactively to recession-proof properties.
Certes Partners, Metropolitan Acquisitions and United Management have secured $71.5 million in financing for the ground-up development of a residential tower at 212 W. 95th St. on Manhattan’s Upper We
CIM Group and joint venture partner, Strada Investment Group, acquired a parcel at 1100 Clay St. in Oakland from the city and plans to develop a residential project.
PEM Real Estate Group, a real estate investment firm hailing from Scottsdale, AZ, struck a deal with White-Conlee Builders for the 311-unit Legacy Flats in northwest San Antonio. White-Conlee, operati
New York-based Hunt Mortgage Group provided $187 million in financing for a portfolio of affordable and student housing properties in Texas, Florida, and South Carolina.
Ryan Companies US, Inc. plans to co-develop with Luigi Bernardi an ultra-luxury high-rise residential condominium tower in the Mill District of downtown Minneapolis. The proposed 39-story, elegant mas
HIRAM, GA. — Trez Forman Capital Group has provided a $13.5 million construction loan for the development of a 115-unit apartment community in Hiram, roughly 26 miles northwest of Atlanta. Greystone D
All of the units at Woodmont Crossing Apartments in Washington, D.C., are reserved for residents earning 60 percent of the area median income (AMI).
KING OF PRUSSIA, PA. — HFF has arranged $14.5 million in preferred equity for the development of Skye 750, a 248-unit, midrise apartment community located 20 miles northwest of Philadelphia in King of
GROTON, WALLINGFORD AND NEW LONDON, CONN. — Chozick Realty Inc. has brokered the sale of a five-property multifamily portfolio consisting of 455 units in Groton, Wallingford and New London for $48.2 m
Certes Partners, in partnership with United Management and United executive Meir Bouskila, pulled off a $71.5 million construction loan for its 19-sto
The Orbach Group sold the Canterbury multifamily building at 204 West 108th Street to Gili Haberberg’s Arkar Inc. for $32.5 million.
Located at 988 El Camino Real in South San Francisco, Calif., the mixed-use community will feature 172 apartments and 11,000 square feet of retail space.
StreetLights Residential will develop a 373-unit apartment community within Austin Presdio on the city's northwest side. A timeline for construction has not yet been established.
The 268-unit, two-property multifamily portfolio in Fairfield, Calif., includes Bennington Apartments (pictured) and Avery Park Apartments.
Legacy Flats in San Antonio was developed in 2016. Arizona-based investment firm PEM Real Estate Group acquired the property for an undisclosed price.
DALLAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of Churchill on the Park, a 448-unit multifamily community located near the Interstate 635/U.S
MINNEAPOLIS — Minnesota-based Cub Foods Inc. will be opening a 46,000-square-foot grocery store in the Longfellow neighborhood of Minneapolis. The store will anchor a five-story, 148-unit apartment de
BERWYN, ILL. — Interra Realty has arranged the $1.5 million sale of a 24-unit multifamily building in Berywn, a western suburb of Chicago. The property is located at 1941 Kenilworth Ave. The three-sto
Multifamily Ancillary Services Group expects to exceed its volume in 2018 and it is recruiting top names to handle the load.
Construction of the multifamily building is slated to be completed by the end of 2019.
A proposal to transform a vacant historic Northwest Side firehouse into a brewery and tap room with nine apartments near the Jefferson Park Transit Center drew mostly positive response at a community
StreetLights Residential bought 8.5 acres within the Austin Presidio development at Lakeline Mall Boulevard and Lyndhurst Street in northwest Austin. The new land owner is planning to build an as-yet
Denver-based Continental Realty Advisors, Ltd. and New York-based GTIS Partners acquired San Palmas at Mission Park multifamily property in Chandler, AZ in an off-market deal.
In this bEXCLUSIVEb ARA Newmark says the strongest interest is coming from well-capitalized private buyers in US and often Mexico and agency financing
The 176-unit apartment community will be constructed on the former surface parking lot next to the Scottish Rite Center at 2800 16th St. N.W. in Washington, D.C.
CRANFORD, N.J. – Gebroe-Hammer has arranged the sale of The Hamlet at Cranford, a multifamily community located at 2-20 McKinley St. in Cranford. An undisclosed buyer purchased the property for $3.4 m
SOUTH JORDAN, UTAH — Olympus Property has acquired the 315-unit Crossing at Daybreak in South Jordan for an undisclosed sum. The community is located at 4950 W. Frogs Leap Drive.
CARNEGIE, PA. – NorthMarq Capital has arranged a $9 million loan for the refinancing of Washington Gardens, a mid-rise apartment complex located at 834 Washington Ave. and 133 Lee. St. in Carnegie, a
MANCHESTER, CONN. – Chozick Realty has arranged the acquisition of the Damato Enterprises Apartment portfolio, a 13-property multifamily portfolio located in Manchester. New York-based Chester Homes L
A Canadian tech company wants to make buying a condominium as easy as pressing a button. And if it's successful, pricey sales centers might become a t
The Inwood section of Northern Manhattan will be home to 175 low-income apartments and a new public library via a joint venture between the Community League of the Heights, Ranger Properties, Alembic
Mitsui Fudosan America Inc. has invested $96 million of equity in the development of a 176-unit apartment property at 2800 16th St. NW in Washington,...
AUSTIN, TEXAS — Oden Hughes LLC has broken ground on a 300-unit apartment community on 14.6 acres at 135 Foremost Drive in south Austin. The community, which is scheduled to open in 2019, will offer o
HOUSTON — LMI Capital has arranged a $6 million loan for the acquisition of a 100-unit apartment community in the Heights area of Houston. The loan featured a fixed 4.76 percent interest rate and a 10
CHICAGO — ZOM Living is developing Union West, a 357-unit apartment property at the corner of West Washington Boulevard and North Sangamon Street in Chicago’s West Loop. The property will consist of t
ST. LOUIS PARK, MINN. —Mesirow Financial, an investment firm based in Chicago, has acquired Ellipse and e2, a pair of apartment properties totaling 190 units in St. Louis Park. The purchase price was
FAIRHOPE, ALA. — Colliers International has arranged both the equity and construction financing for The Retreat at Fairhope Village, a $38 million apartment development in Fairhope, roughly 20 miles s
LAUDERHILL, FLA. — Berkadia has brokered the $28.5 million sale of Summit Palms, a 352-unit apartment community located at 4491 N.W. 19th St. in the South Florida town of Lauderhill. Tal Frydman, Yoav
Pebble Cove, a 160-unit apartment community in south Dallas, was sold along with the property adjacent to it, the 236-unit Woodhollow Apartments.
Preserve at Hardin Valley in Knoxville, Tenn., features a resort-style pool, cyber café, indoor/outdoor fireplaces and a 24-hour fitness center. (Photo courtesy of Preserve at Hardin Valley)
Douglas Grand at Westside in Kissimmee, Fla., was constructed in 2016 and features a pet park, swimming pool, fitness center, fire pit and a playground.
NEW YORK CITY — Greystone has provided a $17 million Fannie Mae DUS loan to exit construction for a newly built multifamily property located at 152 Manhattan Ave. in Brooklyn’s Williamsburg neighborho
Bridge Investment sealed a $49.5 million purchase of Midpointe Apartments in Chicago from Castle Lanterra Properties.
Isaac Kassirer closed Tuesday on the $116 million purchase of a four-building multifamily portfolio in the Upper West Side’s Manhattan Valley neighbor
The Presidium Group acquired The Marc, a 478-unit, Class B multifamily property in College Station, TX. Once a student housing property serving Texas A&M University, the new ownership is planning to r
SummerHill Apartment Communities received unanimous city council approval to build a mixed-use community at 988 El Camino Real in South San Francisco. The 1.67-acre development site is planned to incl
Los Angeles-based Decron Properties Corp. re-opened the Reserve at Chino Hills following the investment company’s $10 million renovation of the 440-unit apartment community in Chino Hills, CA.
With 11,000 new apartments slated for delivery in Chicago’s core neighborhoods over the next two years, including 7,700 in 2019 alone, the trend toward concessions will continue through 2020. KIG Anal
MIAMI BEACH, FLA. — Marcus & Millichap has arranged the $14.3 million sale of Park Terrace, a 32-unit apartment building located at 355 19th St. in Miami Beach. Florida-based Blue Road acquired the as
NEW YORK CITY — BEB Capital has purchased a multifamily building located at 238 E. 106th St. in Manhattan’s East Harlem section. 106th Street Realty Development Corp. sold the eight-story property for
SAN ANTONIO — Pillar Financial, a division of SunTrust Bank, has provided a $13.4 million Fannie Mae loan for the acquisition of Avesta ICON Apartments, a 256-unit multifamily community located on San
COLLEGE STATION, TEXAS — CBRE has arranged the sale of The Marc, a 478-unit multifamily community located within a mile of Texas A&M University’s campus in College Station. The property was built in 1
DULUTH, MINN. — Marcus & Millichap has arranged the sale of Mount Royal Manor in Duluth for $10.9 million. The 114-unit apartment building is located at 100 Elizabeth St. in northeastern Minnesota alo
The project will include 350 apartment units and 24,100 square feet of commercial and office space. (Rendering courtesy of ESG Architects)
A combined $11 million in capital expenditures/improvements were completed by the two previous owners of Ashford East 88.
Nearly 10 years after picking up the land for a project at 150 East 23rd Street, New Jersey developer Bill Cheng has filed an offering plan for 50 con
Just a year after completing a Lower East Side rental project, Midtown Equities has entered contract to sell the building to the Schwalbe family for n
Condos at the Tribeca Clock Tower building are finally ready to hit the market — and they need to sell fast. The Elad Group, which spearheaded the
Los Angeles-based TruAmerica Multifamily expanded its rapidly growing Florida apartment portfolio with the off-market acquisition of the 368-unit Astor Park in Winter Springs, FL for $50 million.
The Jaxon will feature a Vegas-style swimming pool, a party porch, dog park, dog wash station and a 24-hour package delivery system with refrigerated storage.
CHICAGO — Interra Realty has brokered the $13.7 million sale of 3264-70 N. Clark St. in Chicago’s Lakeview neighborhood. The buyer, North Park Ventures, plans to convert the property’s 30 condominium
Justin Timberlake, one of the many celebrities who calls 443 Greenwich Street in Tribeca home, is looking to unload his Soho condominium. The enter
THORNTON, COLO. — Greystar Real Estate Partners has purchased the 336-unit Waterford Place apartment complex in Thornton for an undisclosed sum. The community is located at 2801 E. 120th Ave.
Dallas-Fort Worth is an apartment mecca.We have more than 30,000 rental units under construction. Net apartment leasing in D-FW totaled more than...
DALLAS — Transwestern has brokered the sale of approximately 2.7 acres at 2105 and 2211 W. Davis St. in the Oak Cliff area of Dallas for the development of a mixed-use project. Headed by GroundFloor D
AUSTIN, TEXAS — ARA Newmark has brokered the sale of Lakeshore Pearl, a 230-unit multifamily community located adjacent to Oracle’s office campus in Austin’s East Riverside area. The property, which f
Forty200 is a 512-unit multifamily community in Mesquite. Berkadia recently secured an undisclosed amount of refinancing for the property.
Located in Boston’s Fenway-Kenmore neighborhood, Pierce Boston features 190 condominium units, 240 apartments and more than 20,000 square feet of dining and retail space.
For-profit affordable housing developer BRP Companies plans to sell condominiums instead of rent below-market apartments at its Harlem development cal
Inland Private Capital sold the 230-unit Lakeshore Pearl, a multifamily property in Austin’s East Riverside neighborhood. The apartment complex sold in an off-market transaction to Austin-based Cypres
BEB Capital has acquired a 29-unit multifamily building at 238 E. 106th St. in East Harlem, its second deal in the neighborhood. The property was purchased from 106th Street Realty Development Corp. f
Coastal Ridge Real Estate and H. Katz Capital acquired Spectra, a 324-unit multifamily community in Fort Myers, FL, from Stock Development for $71 million.
Parkview Apartment Homes, a 22-unit apartment property in Buena Park, CA was acquired for $9.2 million.
Civita’s first mixed-use retail development, slated for groundbreaking this spring and opening in mid 2020, will include 103 affordable apartments for seniors and 203 affordable apartments for familie
Construction will begin this month on Union West, a 357-unit apartment property at 935 W. Washington St. in the West Loop/Fulton Square area.
Almost 11 years after it closed, the Village Theatre building and another structure on Clark Street and North Avenue will soon be demolished to make way for a new condominium development.
The Real Deal New York
Located at 267 Flatbush Ave. in Brooklyn, the apartment building features nine residential units and one commercial space, occupied by Morgan’s BBQ.
CHICAGO — Golub & Co. and USAA Real Estate have formed a joint venture to acquire Century Tower in the heart of Chicago’s Loop for an undisclosed price. The 292-unit luxury condominium tower is locate
CORONA, CALIF. — A joint venture between Wermers Properties and Watermarke Properties has developed The Metro, a mixed-use property located in the center of the Main Street Corridor in Corona.
Spectra Apartments in Fort Myers, Fla., features a resort-style pool, pool cabanas with TVs and wet bar, tennis court, playground, cardio and yoga rooms, fitness center and a dog park.
A California investor purchased a 22-unit apartment building at 7001 S. Chappel Ave. in the South Shore neighborhood for $2.5 million, which may be the largest per-unit price of any South Shore apartm
The apartment building at 14 Centre St. in Cambridge, Mass., features nine one-bedroom units and eight two-bedroom units.
PHILADELPHIA — Hunt Mortgage Group has provided a $5.5 million Freddie Mac Small Business Loan to finance the acquisition of Reach Lofts Apartments, an affordable multifamily property located at 1701-
BEDFORD AND FORT WORTH, TEXAS — Transwestern has brokered the sale of two multifamily communities totaling 796 units in the Fort Worth area. An undisclosed local investment partnership purchased the 4
FARMERS BRANCH, TEXAS — CBRE has negotiated the sale of Huntington Cove, a 100-unit townhome rental community in Farmers Branch. The property was built in 1982 and was 96 percent occupied at the close
Capital One provided San Diego-based Fairfield Residential with $66 million to develop Bear Creek, a 360-unit apartment complex in Seattle.
AURORA, COLO. — BMC Investments has acquired the 282-unit Vista Park apartments in Aurora for $31.5 million. The community is located at 12707 E. Mississippi Ave.
Joel Gluck’s Spencer Equity is in contract to buy a 250-unit rental building in Coney Island for $50 million, according to documents filed with the Te
CHICAGO — Castle Lanterra Properties (CLP) has sold Midpointe Apartments in Chicago to an unnamed fund manager for $49.5 million. CLP acquired the 424-unit multifamily property in 2014 for $28.5 milli
The six-story building in Chattanooga, Tenn., was originally constructed in 1918 as an office headquarters, but was renovated into an apartment community with 7,922 square feet of ground-floor retail
Jamison Properties completed its first ground up construction project with Maya, a 72-unit market rate apartment building located at 535 South Kingsley Dr. in Los Angeles’s Koreatown neighborhood.
Castle Lanterra Properties cashed in on its renovation of Midpointe Apartments at 4050 W. 115th St. by selling the property for $49.5 million.
The vacant Jefferson Park Firehouse at 4835 N. Lipps Ave. could be refurbished into a brewery and nine two-bedroom apartments.
The 292-unit Century Tower at 182 W. Lake Street will be converted from condominium units into apartments. Golub and USAA Real Estate purchased the property from the condo association for $60 million.
UPDATED, Wednesday, February 28, 2018, 9:56 p.m.: The search engine king is searching for housing. Google is asking several prefab housing startups for proposals for housing it is considering buildin
Clipper Equity has sealed a $335 million refinance on its adjacent pair of apartment towers in Tribeca, according to city property records.
Hunt Mortgage Group provided a first mortgage bridge loan in the amount of $30.5 million to finance the acquisition and renovation of the 240-unit Mountain Park Apartments in Phoenix.
Blue Mountain Capital, LLC, paid $8.2 million to buy the development site at 11-35 31st Dr. in the Astoria neighborhood of Queens. The site is zoned to allow the development of 33,982 square feet of r
ROCKWALL, TEXAS — SWBC Real Estate LLC has acquired 21.3 acres in the northeastern Dallas metro of Rockwall for the development of The Remington at Rockwall Downs, a 295-unit multifamily community. De
NEW YORK CITY — JLL Capital Markets has arranged $41.6 million in financing for the acquisition and renovation of a multifamily portfolio located across five locations in the Bronx. The borrower is Qu
NEW YORK CITY — Rosewood Realty Group has brokered the sale of an apartment building located at 2197 Ocean Ave. in Brooklyn’s Madison neighborhood. Shirben Ocean 2197 LLC sold the building to 2197 Oce
NEW YORK CITY — Marcus & Millichap has brokered the sale of an apartment building located at 433-439 Miller Ave. in Brooklyn. An undisclosed private investor purchased the 25-unit property for $3.8 mi
The Bent Tree apartment community in Centreville, Va., features a swimming pool, fitness center, clubhouse, sports courts and a playground. (Photo courtesy of Bent Tree)
GADSDEN, ALA. — Berkadia has brokered the $6.4 million sale of two multifamily communities in Gadsden: Pine Ridge and Williamsburg. David Wilson and David Oakley of Berkadia arranged the transaction o
Anbau Enterprises has picked up two adjacent parking garages in Hamilton Heights for $22.5 million and plans to use the site for two condominium build
The Queue Apartments, a 191-unit, boutique urban-core multifamily community located in downtown Fort Lauderdale, FL, has traded hands. Miami-based Boardwalk Properties acquired the asset for $53 milli
Related Companies continues to sell of its portfolio of apartments. Quality Communities, LP, borrowed $41.6 million Sterling National Bank for the acquisition and renovation of 12 rent-stabilized apar
Residential condominium developer Anbau has acquired two adjacent parking garages in Hamilton Heights, West Harlem for $22.5 million.
Located at 70 Schermerhorn St. in Brooklyn, the 85,000-square-foot property will feature 59 for-sale residential condominiums.
PFLUGERVILLE, TEXAS — FourPoint Investments has brokered the sale of The Emerson Apartments, a 384-unit multifamily community located in the northern Austin metro of Pflugerville. Built in 2017, the p
Another nearly-finished condominium has received a financial lifeline. JDS Development and Largo Investments have borrowed $91 million from Madison Realty Capital (MRC) to finish The Fitzroy.
Developers borrowed $42.1 million from Bank of the Ozarks, plus joint venture equity from a fund managed by The Davis Companies to build a 12-story luxury condominium tower at 70 Schermerhorn St. in D
NEW YORK CITY — Cushman & Wakefield has brokered the sale of an apartment building located at 210 E. 95th St. in Manhattan’s Upper East Side. An undisclosed buyer acquired the 9,892-square-foot buildi
CARY, N.C. — HFF has arranged $31.5 million in financing for the development of Hillstone Alston Town Center, a 205-unit apartment community in Cary, roughly 12 miles west of Raleigh. Travis Anderson,
The Queue in Fort Lauderdale, Fla., features a courtyard pool, Zen garden, two-story fitness center, dog park, clubroom, outdoor dining area, entertaining suite and an electric car charging station.
CBRE handled the sales of two separate apartment properties, comprised of a total of four buildings and 78 units in Riverside, CA, to local private investment partnerships for a total of $10.29 millio
The owner of a historic Kansas City structure is seeking to sell the Gothic-style Art Deco apartment property for $49 million.
Comprehensive Practice Management LLC paid $4.2 million for a five-story, mixed-use building at 944 Columbus Ave. in the Manhattan Valley neighborhood of Manhattan's Upper West Side. The building incl
Michael Stern’s JDS Development and its partner Largo Investments landed a $91 million loan from Madison Realty Capital to fund the final stage of con
Solomon Feder plans to turn a parking lot in Downtown Brooklyn into a nearly 300-unit apartment building. Feder filed plans on Thursday for a 13-st
Meridian Parkside in Newport News, Va., features a 24-hour fitness center, business center, game room, grilling stations, resort-style pool and a sundeck.
MIAMI — Houston-based developer Morgan, in conjunction with Mesirow Financial, has opened Midtown 29, a 309-unit apartment tower located at 180 N.E. 29th St. in Midtown Miami. Designed by Stantec, the
Located at 95 Chestnut St. in Providence, R.I., 95 Lofts features 59 apartment units and 2,500 square feet of ground-floor commercial space.
The apartment building at 3505 Broadway in Manhattan’s Hamilton Heights features 42 apartment units and five storefronts.
Mack-Cali Realty Corporation has added to its Jersey City holdings with a $53 million purchase of a development site.
EDINA, MINN. — High Street Residential, a subsidiary of Trammell Crow Co., has received $34.2 million in financing for the construction of a 165-unit apartment building in Edina. The age-restricted pr
CHICAGO — Interra Realty has brokered the sale of a 33-unit multifamily building in Chicago for $3.2 million. The property, located at 5001 S. Drexel Blvd., features a mix of one-, two-, three- and fo
The Downtown Chicago apartment market is picking up, despite the record amount of new supply completions, IRR officials said at its annual multifamily forecast luncheon.
An investor paid $12.15 million for a five-story, walk-up building with 15 apartments at 210 E. 95th St. in the Carnegie Hill neighborhood of Manhattan’s Upper East Side. That works out to a high sell
Clipper Realty Inc. borrowed $246 million from New York Community Bank to refinance the two mortgage loans on Flatbush Gardens, an apartment property at 1403 New York Ave. in the Flatbush neighborhood
AVR Realty's latest apartment offering is a massive portfolio including the SkyHouse Channelside in Tampa. A big apartment owner with a number of multifamily holdings throughout the Southeast is exiti
TEMPE, ARIZ. — Western Wealth Capital has acquired the 150-unit Villatree apartments in Tempe for $17.3 million. The community is located at 1750 S. Price Road.
The community is located at 5401 E. Anaheim Road. It was built in 1987. The community contains 22 two-bedroom/two-bathroom units.
FORT WORTH, TEXAS — Marcus & Millichap has brokered the sale of Woodway on the Green, a 176-unit multifamily complex in Fort Worth, for an undisclosed price. The property is located near Harris Hospit
Slated for completion in 2019, 30 Court in downtown Morristown, N.J., will feature for-sale two-bedroom condominiums ranging from 1,276 square feet to 1,939 square feet.
Located at 1003-1011 Race St. in Philadelphia, Dynasty Court Apartments features 56 apartments, five retail storefronts and 21 parking spaces.
The three contiguous apartment buildings on Eastern Parkway in the Crown Heights section of Brooklyn feature a total of 50 apartments units.
HOBART, IND. — Marcus & Millichap has brokered the sale of Lakeview Apartments in Hobart, a city in northwestern Indiana, for $1.5 million. The 28-unit apartment building is located at 136 Main St. in
COLUMBUS, OHIO — Dougherty Mortgage LLC has provided a $1.2 million Fannie Mae loan for the refinancing of Parkview Apartments in Columbus. The apartment property consists of 216 market-rate apartment
The Lincoln Apartments in Raleigh, N.C., features a resort-style pool, outdoor fireplace, fitness center with yoga studio, pet spa, coffee bar, enclosed parking garage and an electric car charging sta
Multifamily demand is expected to remain strong across the metro, which has become a tech industry hotbed in recent years, due to housing affordability and a favorable tax and regulatory environment.
Sacramento multifamily rent prices have been among the fastest rising in the country during the last two years but another Sacramento city follows suit
30 Court will consist of two-bedroom for-sale homes ranging from 1276 to 1939 square feet.
TruAmerica Multifamily acquired Pacific Shores, a 264-unit apartment community in Huntington Beach, CA from affiliates of UDR, Inc. for $90.5 million.
Marcus & Millichap handled the $27.1 million sale of a two-property legacy multifamily portfolio totaling 54 units in the Bay Area’s Mid-Peninsula market of San Mateo County.
Dallas-based Mill Creek Residential completed and opened Modera Pearl, a nine-story luxury apartment community located at the north end of downtown Portland, OR’s Pearl District. The walkable, commute
Two entities formed by Vancouver, Canada’s Western Wealth Capital purchased Carlyle at South Mountain Townhomes & Apartments in Phoenix for $90 million.
SKYC Management paid $4.55 million for a five-story building with 23 apartments at 1618 Benson St. in the Westchester Square neighborhood of the Bronx. There's also three commercial units. That works
The long-planned restoration of the downtown Hartman Building into a multifamily property came closer to fruition when broker Walker & Dunlop announced a HUD loan for $44,6 million.
Developer looks to stack pricey apartments on a largely hollow pedestal, a practice the city aims to stop
A development site with approved plans for a 45-story condominium-and-hotel tower overlooking City Hall Park is hitting the market. The Roe Corpora
DALLAS — Cypress Real Estate Advisors Inc. will develop a 294-unit apartment community at 4600 Ross Ave. in the Uptown district of Dallas. Oden Hughes Taylor Construction is serving as general contrac
HOUSTON — CBRE has negotiated the sale of The Club at Staplechase, a 148-unit multifamily complex located in the Champions area of Houston. Built in 1999, the property features one-, two- and three-be
PORTLAND, ORE. — Developer Bridge Housing has broken ground on the first phase of RiverPlace Parcel 3, a 203-unit affordable housing project in Portland.
NEW YORK CITY — Rosewood Realty Group has arranged the sale of an apartment building located at 2197 Ocean Blvd. in Brooklyn’s Madison neighborhood. Shirben Ocean 2197 LLC sold the property to 2197 Oc
WEST NEW YORK, N.J. — Marcus & Millichap has arranged the sale of a mixed-use property located at 6700 Park Ave. in West New York. A private investor sold the 16,000-square-foot property for $2.9 mill
Constructed in 2017, Cortland Hunter's Creek features a resort-style pool, fitness center, clubhouse, fishing pond, dog park, car care center, business center and barbecue grills. (Photo courtesy of C
OAK PARK, ILL. — Magnolia Capital has purchased Vantage Oak Park in Oak Park for an undisclosed price. Built in 2016, the 270-unit apartment building features a mix of studio, one- and two-bedroom uni
MANKATO, MINN. — Marcus & Millichap has arranged the sale of Hubbell Crossing in Mankato in southern Minnesota for $1.4 million. The 20-unit apartment building is located at 230 Hubbell Ave. Built in
Atlanta-based Novare Group and Batson-Cook Development Co. commenced construction on SkyHouse Frisco Station, a 25-story multifamily tower in Frisco, TX.
The Domain Companies, an apartment developer, borrowed a total of $38 million to buy 420 Carroll St., an industrial building next to the Gowanus Canal neighborhood of Brooklyn.
KILLEEN, TEXAS — BMC Capital has arranged a $4.1 million loan for the refinancing of a 148-unit multifamily community in the central Texas city of Killeen. The 10-year loan features an interest rate o
NEW YORK CITY — Rosewood Realty Group has brokered the sale of an apartment building located at 31 Ocean Parkway in Brooklyn’s Windsor Terrace neighborhood. Steven Frey of Frey Management acquired the
PHOENIX — Optima Inc., the developer and one of the original owners of the 592-unit Optima Sonoran Village, has acquired the luxury apartment community through a new partnership with Principal Real Es
SARATOGA SPRINGS AND ILION, N.Y. — Hunt Mortgage Group utilized HUD’s 223(f) loan program to finance the acquisition and rehabilitation of two affordable multifamily properties in Saratoga Springs and
BRANDON, FLA. — Phoenix Realty Group (PRG) has acquired Tuscany Villas, a 248-unit apartment community in Brandon, for $28.2 million. PRG will invest in a capital improvement program and will rename t
DORAVILLE, GA. — Berkadia has arranged the $19.1 million sale of Azalea Ridge, a 281-unit apartment community located at 3214 Valley Bluff Drive in Doraville, roughly 25 miles northeast of downtown At
SkyHouse Frisco Station is the second multifamily project underway within Frisco Station. The 242-acre development will offer about 2,400 living units when all is said and done.
Grand at the Dominion is located within The Dominion Country Club in northwest San Antonio. Bluerock acquired the property and resold it within a six-month period.
DALLAS — Greystar will develop Elan Inwood and Forestwood Active Adult, two multifamily properties totaling 377 units in Dallas. The properties will be built adjacent to one another on a 22.7-acre sit
DALLAS — Marcus & Millichap has brokered the sale of Quail Hollow, a 120-unit multifamily property in east Dallas. Al Silva and Mark McCoy of Marcus & Millichap represented the seller and procured the
FORT LAUDERDALE, FLA. — Trez Forman Capital Group has provided an $85 million construction loan for the development of 4 West Las Olas, a 360-unit apartment community in Fort Lauderdale. Brett Forman
CHICAGO — Hubbard Street Group is nearing completion of the second phase of Wicker Park Connection in Chicago’s Wicker Park neighborhood. Phase II consists of a 15-story, 146-unit apartment building a
ST. PAUL, MINN. — Marcus & Millichap has arranged the sale of 615 Hall Avenue in St. Paul for $1.4 million. The 20-unit apartment building was constructed in 1969. Units average 700 square feet. Dan L
The new resident at a West Village building teeming with celebrities is a Monaco-born billionaire. Gildo Pallanca Pastor, CEO of Venturi Automobile
Sentinel Real Estate Corporation sold a nearly 100,000-square-foot rental apartment building in Windsor Terrace to local landlord Frey Management for
Harbor Pointe, a 544-unit luxury apartment community, has a newly-renovated clubhouse on the waterfront in Bayonne, NJ. Mayor James Davis took to opportunity to celebrate the transformation of his cit
Avesta Communities has paid $29.5 million, or about $114,786/unit, for The Villages at Sunset Ridge, a 257-unit apartment property in the Dallas subur...
Suna Equities Ltd. divested its multifamily building at 14-16 W. 107th St. in New York City for $27.6 million, or about $405 per square foot. Located in the Upper West Side, the 60-unit apartment buil
Working on behalf of The Robhana Group, the firm arranged a $16.5 million construction loan for a mixed-use apartment community in downtown Walnut Creek.
ST. LOUIS — NorthMarq Capital has arranged a $20 million construction loan for Hibernia Apartments in the Dogtown neighborhood of St. Louis. The 100-unit apartment property will include 16,000 square
Atlanta-based Cortland Partners has secured a $49.6 million loan to acquire a 412-unit multifamily complex called Arrowhead Summit.
Willow Springs was built in 1996. It contains a mix of one- to three-bedroom apartments. Amenities include a fitness center, swimming pool, Jacuzzi, playground and car wash stations.
HARTFORD, CONN. — KeyBank Real Estate Capital has provided $12.6 million in construction-to-permanent financing to support the redevelopment of an office building located at 101 Pearl St. in downtown
Located in Winthrop, Mass., the two-building apartment complex features 38 units in a mix of studio, one- and two-bedroom layouts.
La Fiesta Apartments in San Antonio was built in 1970. The new ownership will implement a capital improvement plan targeting the property's landscaping and common areas.
CANTOWN TOWNSHIP, COMMERCE TOWNSHIP AND NOVI, MICH. — Greystone has provided $72.5 million in Fannie Mae loans for the refinancing of three multifamily properties in Michigan. Fred Levine of Greystone
PLANO, TEXAS — NXT Capital has provided a $32.5 million loan for the acquisition of a 278-unit, Class B apartment community in Plano. The undisclosed property features multiple pools, on-site laundry
MINNETONKA, MINN. — Dougherty Mortgage LLC has provided a $30.6 million Fannie Mae loan for the refinancing of Residences at 1700 in Minnetonka. The 115-unit apartment property offers convenient acces
INDEPENDENCE TOWNSHIP, MICH. — Love Funding has provided a $20.2 million HUD loan for the construction and permanent financing of Encore at Deerhill in Independence Township. The 92-unit multifamily p
San Diego-based MG Properties Group acquired Thorncroft Farms Apartments in Hillsboro, OR from Berkshire Group for $97.5 million.
LONG ISLAND, N.Y. — Ripco Real Estate has arranged the sale of an apartment complex located at 26 Stephen Oval in Long Island’s Glen Cove. The 100-unit garden-style property sold for $19.5 million. Ma
LUBBOCK, TEXAS — Nebraska-based investment firm Metonic Real Estate Solutions has acquired Wyndham Apartments, a 144-unit multifamily community in Lubbock. The property offers one-, two- and three-bed
The Sur, a 360-unit apartment development, is located in the Potomac Yard neighborhood of Arlington, Va. (Photo courtesy of Erkiletian Development Co.)
Ashley Village Townhomes in North Charleston, S.C., includes one- to three-bedroom floor plans and features a clubhouse, business center, fitness center, pool, playground and a laundry room.
Thorncroft Farms was built in 1998. It is situated within three miles of the Intel headquarters campus and within four miles of Nike’s headquarters.
EMERYVILLE, CALIF. — Decron Properties Corp. has acquired the 220-unit Bridgecourt apartment complex in Emeryville for $87.4 million. The community is located at 1325 40th St.
OMAHA — Cushman & Wakefield/The Lund Co. has brokered the sale of Grandridge Apartments in Omaha for an undisclosed price. The 470-unit apartment property is located at 5439 N. 100th Plaza along I-680
The Fountains, a 542-unit multifamily community located in Palm Beach County, FL, is set to undergo a renovation following Berkadia securing an $80-million value-add loan.
Aldea at Estrella Falls, a 328-unit Class A multifamily property, located at 2400 N. Bullard Ave. in Goodyear, AZ, has traded hands.
Los Angeles-based Decron Properties Corp. acquired Bridgecourt, a 220-unit multifamily apartment complex in Emeryville, CA from a joint venture between Bascom Group and Carlyle Group for $87.4 million
BAYONNE, N.J. — Greystone has provided a $19.2 million Fannie Mae loan as part of a $32.2 million property acquisition by AMS Acquisitions. The seven-year loan includes six years of interest-only paym
Suites at Port Warwick in Newport News, Va., features include a fitness center, pool, volleyball court and a tanning bed.
MINNEAPOLIS — Timberland Partners has attained the land and financing needed to begin construction of Green on Fourth Apartments in Minneapolis near the University of Minnesota-Twin Cities campus. The
FAIR HAVEN, MICH. — KeyBank Real Estate Capital has provided a $16 million Fannie Mae loan for the acquisition of The Shores at Anchor Bay in Fair Haven, about 40 miles north of Detroit. The 656-pad m
Developed by Oden Hughes, the 400-unit Lenox Springs is one of the largest multifamily projects in Austin set to come on line during 2018. The property, which fronts Interstate 35, is expected to be d
Metonic Real Estate Solutions nabbed the 144-unit Wyndham Apartments in Lubbock, TX. The Omaha, NE-headquartered Metonic acquired the complex, at 4501 71st St., from Wyndham Eckert LLC, which is based
Sabot Development Ltd., teamed with Hayes Modular Group Inc. to build what is considered the first multi-story, steel, modular apartment complex in Texas. The 175-unit asset, dubbed Cheatham Flats, is
A local investor paid $3.3 million for 1322 Cortelyou Rd., a four-story property in the Ditmas Park neighborhood of Brooklyn. The 8,253-square-foot building includes six rent-stabilized apartments and
Broad Street Development has begun selling the 61 luxury condominiums at 40 Bleecker St. Listing include a one-bedroom with 652 square feet for $1.775 million and a three-bedroom with 1,941 square fee
Phil Jackson won 11 NBA championships implementing the triangle offense, but he can thank a square for his latest score. The legendary basketball coa
The Fountains in Palm Beach Gardens, Fla., features three resort-style pools, dog parks, a fitness center and outdoor green space. (Photo courtesy of The Fountains)
CHARLOTTE, N.C. — Capstone Apartment Partners has arranged the $24.3 million sale of Arcadian Village, a 348-unit apartment community in Charlotte. Lerner & Co. Real Estate sold the property to an inv
TruAmerica sold Mediterranean at Townsgate, a 227-unit multifamily property in Moreno Valley, CA. The apartment complex was acquired by New Standard Equities for $27.9 million.
Investors Sohnim LLC and Robert Mudd paid $2.5 million for the ten rent-stabilized apartments at 514 W. 169th St., a five-story walk-up building in Washington Heights, one of the busiest neighborhood'
Staten Island-based investor Vincent Ragosta has purchased a multifamily building with 108 units in Far Rockaway for $22 million, just a few months af
UDR Inc. has agreed to sell the Pacific Shores apartment property in Huntington Beach, Calif., for $90.5 million, or about $342,803/unit. The Highland...
According to this week’s market reports, the average sales price of Manhattan apartments rose 15 percent in December, and U.S. investment in data cent
Alchemy Properties and Alcion Ventures are looking to sell a portfolio of Brooklyn apartment buildings valued at about $60 million. The package inc
The Medici features studio to three-bedroom floor plans with a 24-hour doorman, complimentary tanning salon, private one-acre park, jogging track, two tennis courts, a putting green, golf driving cage
LOS ANGELES — Ready Capital has closed an $8.8 million loan for the purchase of a 43-unit multifamily property in Hollywood. The community is situated in the Larchmont/East Hollywood neighborhood. The
NEW YORK CITY — Madison Realty Capital has provided $45.5 million in financing to a New York-based developer to complete the construction of 22 Bond Street, a mixed-use condominium development in the
CLEVELAND — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the sale of Statler Arms in downtown Cleveland for $40 million. The 295-unit apartment building is loc
SAN DIEGO — CBRE has arranged $56.9 million in acquisition financing for three apartment communities located in South Carolina, North Carolina and Kentucky. Bill Chiles, Scott Peterson and Brian Cruz
The suburban Philadelphia apartment market had a very successful 2017, with no slow down anticipated for 2018. Fundamentals remain strong with low interest rates and increased demand from outside buye
Akridge, Western Development Corporation, Orr Partners, Redbrick LMD, and Jefferson Apartment Group is set to commence construction in Q2 2018 on a $250-million mixed-use development in Washington, DC
George Smith Partners arranged $233.6 million in cash-out refinancing for a multifamily portfolio comprised of two DTLA properties owned by G.H. Palmer.
There is an apartment boom in Westchester County, according to a new report from GFI Realty Services. Developers are expected to open about 2,200 new market-rate rental units in Westchester between 20
Another condominium developer has reset the clock. Second Development Services and the Richport Group borrowed $45.5 million to refinance a construction loan that had nearly reached its maturity for i
Multifamily brokers Paul Yazbeck and Jon Krebbs left Sperry Van Ness Dallas/TJF Investments, to form a new firm, The Multifamily Group, or TMG. TMG will focus exclusively on the sale of Class B and C
Kaled Management, the multifamily division of the Kalikow Group, has spent decades overcharging tenants and improperly getting millions of dollars in
Fitzsimons Junction is made up of one, two and three-bedroom units. All units have large floorplans with decks or patios.
After going into contract for the land nearly two decades years ago, Solow Properties can now launch sales for condominiums at its 685 First Avenue sk
BATON ROUGE, LA. — Capital One’s Community Finance and Multifamily Finance groups have provided $34.9 million in debt and equity financing for the development of Meadows at Nicholson, a 204-unit affor
BOSTON — KeyBank Real Estate Capital has secured a $10.7 million Freddie Mac first mortgage loan for an apartment building located at 601 Albany St. in Boston. Built in 2009, the building features 40
LODI, N.J. — Gebroe-Hammer Associates has brokered the sale of a multifamily complex located at 82 Constant Ave. in Lodi. A private investor acquired the property from Arthur Holding Co. for $7.7 mill
YONKERS, N.Y. — Redwood Realty Advisors has arranged the sale of an apartment building located in Yonkers. A family estate sold the property to an undisclosed buyer for $2.1 million. The building feat
Norse Holdings has refinanced five apartment properties with a total of $15.2 million from five Freddie Mac Small Balance Loans. "In order to maximize cash-out proceeds for each deal we had to mix and
Optima Sonoran Village in Scottsdale, AZ sold for a record $210.4 million. The 206-unit luxury apartment complex at 6895 East Camelback Road, near the Waterfront, was acquired by Des Moines-based Prin
Prolific multifamily landlord Isaac Herskovitz has closed on a $53 million loan for the mixed-use building at 1749 Grand Concourse in the Bronx. Th
Louis Greco’s Second Development Services and the Richport Group bought themselves some extra time to complete their long-delayed boutique condominium
David Marom's Horizon Group will build a 63-unit condominium in the Kensington neighborhood of Brooklyn, an offering plan filed with the New York Stat
PORT ARTHUR, TEXAS — First Advisors Inc. has broken ground on The Reserve at Pinewood Village, an apartment project that will be located along State Highway 365 in Port Arthur, about 90 miles east of
HOUSTON — LMI Capital has closed a $37 million loan to refinance an 800-unit apartment complex in the Galleria area of Houston. The loan features a 10-year term, fixed interest rate and three years of
DALLAS — Minneapolis-based Dougherty Mortgage LLC has arranged a $5.1 million Fannie Mae loan for the acquisition of Wynnewood Gardens, a 106-unit multifamily asset in south Dallas. The pet-friendly p
KEANSBURG, CLEMENTON, KEARNY, AMBOY AND WESTVILLE, N.J. — Hunt Mortgage Group has provided refinancing for a five-property multifamily portfolio in New Jersey. The borrower, Norse Holdings, received f
BOISE — Hunt Mortgage Group has provided a $1.8 million Freddie Mac Small Balance Loan to refinance Leisure Villa Apartments, an age-restricted community in Boise.
ANAHEIM, CALIF. — WNC and its subsidiary Community Preservation Partners (CPP), along with nonprofit Jamboree Housing Corp., have completed the $6.56 million (or $36,635 per unit) renovation of Miracl
Reserve at Gateway in St. Petersburg, Fla., features a resort-style pool, outdoor kitchen, fitness center, lighted tennis court, car care center and a dog park.
MORRISVILLE, N.C. — CBRE has arranged a $42.2 million Fannie Mae loan for the acquisition of The Reserve at Park Place, a 312-unit apartment community located at 4531 Langdon Drive in Morrisville. Ste
Erkiletian Development Company secured construction funding and broke ground on The Sur, a luxury 360‐unit Class A multifamily development in the 295‐acre Potomac Yard submarket of Arlington, VA.
As the DC metro area's multifamily market remains resilient private equity investors remain active a trend with positive regional and national implications
The tightening availability of investments and the lack of upside potential are turning multifamily investors away from urban cores and pushing them to
Two residential towers were proposed in Chicago’s West Loop. Related Midwest and Tucker Development are seeking approvals on a 58-story, 3700-unit apartment and hotel tower at 725 W. Randolph St. The
New York-based Rockefeller Group and sister company, Mitsubishi Estate New York, filed plans with New York’s Department of Buildings seeking to develop a 46-story, 123-unit condominium building in NoM
Carmel Partners has acquired Hunters Glen, an 896-unit garden apartment complex in Plainsboro, NJ. It Carmel's first investment in New Jersey.
By the beginning of 2018, more than 65% of the luxury apartments had leased at Exhibit at 60 Fulton St. in Downtown Manhattan. The property opened its 120 apartments in November.
A partnership between Clarion Partners and Taconic Investment Partners paid $71 million for five apartment properties owned by Related Companies and the New York City pension funds, located in Fordham
Properties continue to be upgraded as management assignments are awarded such as those for West Point Village a 330-unit garden-style asset and Timber
Greystar has never ventured into developing office in the Bay Area — until now.
PLAINSBORO, N.J. — Carmel Partners has purchased Hunters Glen, an apartment complex located at 1109 Hunters Glen Drive in Plainsboro, for an undisclosed price. Built in 1978 and situated on 53 acres,
GRAND RAPIDS, MICH. — Lamb Net Lease LLC has brokered the sale of Longmeadow Apartments in Grand Rapids for an undisclosed price. The 54-unit apartment property is located at 2600 Woodmeadow Drive SE.
The Reserve at Gwinnett in Norcross, Ga., features a new fitness center, attached and detached garages, car care center, dog park, swimming pool and two lighted tennis courts.
Bill de Blasio unveiled an $87 billion budget for 2019 that included funding for public housing and a new basement legalization initiative.
Hilary Provinse sat down with Commercial Observer in December 2017 to describe her career path and the health of the multifamily sector.
With Google’s headquarters in Mountain View an increasing demand remains for housing and strong employment fundamentals making this market a viable option
Chris Dell’Armo vice president of sales, leasing and marketing for Manhattan Management Corp. He will oversee all of the sales, leasing, and marketing efforts for Manhattan Skyline’s residential portf
Beverly Hills, CA-based Kennedy Wilson acquired a pair of multifamily properties in Salt Lake City for a combined off-market deal value of $92.5 million
Details are emerging about a $400 million mixed-use project in Midtown, which will include a hotel and a condo tower that would target buyers in the underserved “move-up” market.
Two subsidiaries of the Mitsubishi Estate Company plan to build a 100-unit-plus condominium building in NoMad. Rockefeller Group and Mitsubishi Est
SANDY, UTAH — Kennedy Wilson (KW) has acquired the 492-unit Santa Fe Apartments in Cottonwood Heights for $79.5 million. The community is located at 1550 Fort Union Blvd.
The mixed-use Water Tower Commons project in Lantana, FL has been on hold because of challenges in retail leasing, according to the developer. Credit: Lantana Development The long-stalled Water Tower
ANDERSON, IND. — CBRE has arranged $15.5 million in financing for a three-property multifamily portfolio located in Anderson, about 40 miles northwest of Indianapolis. Jason Brown and Dan Gable of CBR
LAKE WORTH AND HIALEAH, FLA. — Hunt Mortgage Group has provided two loans totaling $24.5 million for the refinancing of two multifamily properties in South Florida: Village at Lake Osborne Apartments
Six New Yorkers kicked out of their homes 50 years ago to make way for urban renewal have finally returned to home to the Frances Goldin Senior Apartments, the first building to open at Essex Crossing
Developer Caydon, headquartered in Melbourne, Australia, joined with Hoar Construction and TAS Concrete on Jan. 27, 2018 to pour the foundation for 2850, a 27-story, 357-unit apartment complex. The $2
The Marcus & Millichap 2018 Multifamily North American Investment Forecast noted that apartment investments would continue strong in 2018 on a national basis. Meanwhile, in Texas, the major metros’ Na
Urban Investment Partners (UIP) closed on Onyx on First, a 266-unit, Class A apartment building located in Washington, DC’s Capitol Riverfront neighborhood for $95.5 million.
Delshah Capital claims an expeditor failed to take care of violations at a West Village apartment building, resulting in higher fines that totaled at
DOVER, DEL. — HFF has arranged the sale of two adjacent apartment communities: Alder Park Apartments and Pine Grove Apartments in Dover. Dover Investors LP, an affiliate of Anderson Vedic, sold the pr
SANTA CLARITA, CALIF. — G.H. Palmer Associates has received $97.2 million in refinancing for two apartment communities in Santa Clarita. The communities include the 255-unit Sand Canyon Ranch ($39.4 m
PHOENIX — HQ Capital Real Estate has sold the 248-unit Crestone at Shadow Mountain apartments in Phoenix for an undisclosed sum. The community is located at 3033 E. Thunderbird Road in the Paradise Va
Clearwater at Sonoma Hills, a 90-unit assisted living and memory care community in the Sonoma County metro of Rohnert Park.
BALCH SPRINGS, TEXAS — Louisville-based LDG Development LLC will develop Villages at Ambassador Way, a $29 million mixed-use project that will be located at the corner of Ambassador Way and Gaiter Dri
GRAPEVINE, TEXAS — The Praedium Group, a New York-based investment firm, has acquired Terrawood, a 291-unit multifamily community in the Dallas-Fort Worth (DFW) metro of Grapevine. Built in 2010, the
SAN ANTONIO — Chicago-based NXT Capital has secured a $24.5 million loan for the acquisition of a 224-unit multifamily community located in the Alamo Heights neighborhood of San Antonio. The Class B p
Investors spent less money on apartments in 2017 than the previous year, according to CoStar research, but bought more multifamily properties. The math may be a little counter-intuitive, but resulted
Lakeside Apartments in Brandon, Fla., features a swimming pool, sports courts, car-care center, storage units and a lakeside gazebo.
A 685,000-square-foot office condominium at 1745 Broadway near Columbus Circle hit the market with a $650 million price tag. SL Green Realty and Iv
Much of the sales activity in the New Jersey multifamily market in which Squires specializes is coming from long-term owners who are seeing values for older
everly Hills, CA-based developer G.H. Palmer Associates secured $97.25 million in refinancing for two multifamily properties in Santa Clarita, CA.
A partnership including Caspi Development has borrowed an extra $2.256 million from Pembrook Capital Management to finish a six-story apartment building at 144 West St. in Brooklyn's Greenpoint neighb
The new proposal includes an explicit guarantee of mortgage-backed securities provided by the U.S. government through mortgage agency Ginnie Mae.
Fortis Property Group is moving along with its plans to build a 440-foot-tall luxury condominium tower in Cobble Hill. The firm filed an offering plan
David Blatt sat with Commercial Observer at the end of 2017 to tell us what’s new at CapStack.
DREXEL HILL, PA. — Marcus & Millichap has brokered the sale of Yorkshire Court, an apartment building located at 740 Burmont Road in Drexel Hill. An undisclosed buyer purchased the property for $1.7 m
WASHINGTON, D.C. — A partnership between Urban Investment Partners (UIP) and Atalaya Capital Management has acquired Onyx on First, a 266-unit apartment community located in Washington, D.C.’s Capitol
L+M Development Partners dished out $43 million for Dunwell Apartments, a 183-unit Section 8 apartment complex in Hamilton Heights, the developer told
Parkway Apartments in New Orleans will offer one- and two-bedroom units and will include 13,776 square feet of retail space.
ATLANTA — Capital One has provided a $23.1 million Fannie Mae loan for the acquisition, renovation and expansion of Edgewood Court Apartments, a 204-unit affordable housing community in Atlanta’s Edge
ST. PAUL, MINN. — Marcus & Millichap has brokered the sale of a 20-unit apartment building in St. Paul for $2 million. The property is located at 1756 Grand Ave. and consists of 20 studio apartments.
A new report, funded by the Hotel Trades Council, claims that Airbnb removed between 7,000 and 13,500 apartments from the long-term rental market in t
PHOENIX — Knightvest Capital has acquired the 768-unit Red Mountain Villas in Phoenix for $110 million. The community is located at 815 N. 52nd St.
SAN ANTONIO — JLL has arranged the sale of Hamilton Place, a 77-unit multifamily community in San Antonio. The Class B property is located at 1622 and 1650 Jackson Keller Road on the city’s north side
Overall demand and the availability of equity capital remain strong, but many owners are pulling back on activity, according to NMHC's latest quarterly survey.
However renter demand remained strong and kept apartment occupancies steady in 2017 says RealPage. The coming year will see a dropoff in new deliveries.
Renter households now make up the majority in 42 of the 100 largest cities in the U.S., according to RENTCafé.
Bridge Creek, a 270-unit, garden-style multifamily community in Vancouver, WA has sold for 45.5 million.
JMB Group Property Management acquired Hamilton Place, a five-building apartment complex in north central San Antonio. The Austin-based JMB Group bought the Class B apartment complex from Vergara Prop
Castellan Real Estate has sold a pair of Brooklyn apartment buildings with a combined 92 residential units for nearly $19.3 million.
The Lower East Side’s development boom continues. Nonprofit Grand Street Guild plans to build a pair of 15-story apartment buildings on Broome Street.
Foreign buyers dropped $7.5 billion on homes in the U.S. costing over $1 million, with a major chunk of those purchases in Miami, Los Angeles, and Manhattan, according to a new report. The report, whi
Stillwater Capital has not yet provided a prospective completion date for The Crosby, a 336-unit apartment project in the Deep Ellum district of Dallas.
FORT WORTH, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the sale of Ranch at Fossil Creek, a 274-unit multifamily property located on Fort Worth’s nor
The property is located within Pima Center, a 232-acre mixed use business park developed by MainSpring Capital Group containing more than 1.5 million square feet of office, flex, and light industrial
The reasons include healthy job and population growth, a thriving tech sector, and low vacancy rates despite a decent amount of new construction.
CANTON, GA. — Trillium Capital Resources LLC has arranged a $37.5 million construction loan for a new 308-unit apartment community in Canton, located roughly 40 miles north of Atlanta. The 40-year loa
All of the units at Heritage Station in Atlanta are reserved for residents making 60 percent or less of the area median income, and 40 percent of the units will be set aside as designated seniors hous
KANSAS CITY, MO. — Walker & Dunlop Inc. has provided a $9.2 million Freddie Mac loan for the refinancing of Santa Fe Village in Kansas City. Built in 1965, the multifamily property includes 215 units.
The SeattleTacoma metro area tops the rankings in Marcus & Millichap's latest National Multifamily Index and all but one of the top 10 markets are
Old Adobe Management Company divested Velocity at Lawrence Station, a 56-unit multifamily property for $25.5 million.
Dunhill Partners acquired the Bell Design District Apartments at Hi Line Drive at Turtle Creek Boulevard near downtown Dallas.
More than a third of Manhattan rentals (34%) and nearly a third of rentals in both Brooklyn and Queens (28%) cut their rents in the last quarter of 2017 compared to the quarter before — the highest le
Developer RXR Realty has paid Long Island University $76 million for the development rights to build a new, 34-story apartment buildings on the university's athletic fields at 161 Ashland Pl. in Downt
Brooklyn real estate developer Daniel Melamed arrived in jail January 25, 2017. State Supreme Court Justice Danny Chun ordered him to serve 20 days in jail pending his sentencing Feb. 14, 2018 for thr
Residents in a London condo are reeling after learning that cladding declared unsafe following the Grenfell Tower tragedy is in their building and tha
Late night host Seth Meyers officially sold his 1,000 square foot apartment with a real fireplace, chef-quality kitchen and a sunken living room to RF
Crescent Real Estate, a Texas-based investment fund, has nabbed a $50 million refinancing on a multifamily development in Hoover, Ala.
Multifamily demand continues to be strong in Philadelphia, sustained by an influx of degree-holding Millennials drawn to the metro’s expanding job market, as well as a growing number of downsizing Bab
Madison Realty Capital has sold its 40-unit residential building on the Staten Island waterfront to investor Benjamin Rusi for $20 million. The com
Fannie Mae's multifamily volume hit another record high of $67 billion in 2017 as former top producer Wells Fargo nearly halved its volume and nonbank competitors increased their market share.
A timetable for the completion of Commons at Goodnight, a 304-unit multifamily project in Austin, has not yet been established.
SAN ANGELO, TEXAS — BMC Capital has arranged a $9.4 million loan for the acquisition of a 250-unit multifamily property located in the West Texas city of San Angelo. The loan features an interest rate
WASHINGTON, D.C. — Fannie Mae generated more than $67 billion in multifamily financing in 2017, the highest volume ever recorded for its Delegated Underwriting and Servicing (DUS) program, which is in
GREENSBORO, N.C. — Greystone Affordable Development, an affiliate of Greystone & Co. Inc., has closed $79.2 million in financing for a nine-property, 645-unit affordable housing portfolio in Greensbor
New rentals and condos push west into the industrial fringe of the West 40s and West 50s.
Desjardins Capital Markets has named the multifamily segment as its top pick for 2018 within the publicly-traded real estate investment trust world, calling for total returns of 7% to 12% in the secto
City officials have selected Two Trees Management and Arker Companies to build a pair of 16-story apartments with 500 units at the New York City Housi
COLUMBUS, OHIO — Grandbridge Real Estate Capital has arranged an $8.6 million loan for the refinancing of The Diplomat in Columbus. The property includes 34 apartment units and four retail units. The
San Mateo, CA-based Essex Property Trust, Inc. sold Ballinger Commons Apartment Homes, a 485-unit multifamily property in Shoreline, WA for $133.35 million.
NorthMarq Capital has arranged a $23.2 million Fannie Mae loan against Chateau Woods apartments, with 114 units in the Seattle suburb of Woodinville,...
Slated to begin construction this spring, The River Club in Bogota, N.J., will feature 421 apartments, a clubhouse, a resort-style pool, secured parking, a Riverwalk and retail space.
The properties at 91-99 Grand Ave. (pictured) and 145 Maple Ave. in Long Island, N.Y., offer a total of 83 apartment units.
Constructed in 1968, 500 Northside in Midtown Atlanta features a clubhouse, coffee bar, fitness center, pool and a pet play area.
The tentative completion date for the construction of this 19-story apartment tower in the Highland Park area of Dallas is still being hashed out.
Dallas-based Knightvest Capital acquired the 768-unit Red Mountain Villas apartments in Phoenix for $110 million.
Los Angeles-based New Standard Equities, Inc. acquired three multifamily properties on the West Coast for $74 million.
A private real estate investment firm paid $27.6 million of two elevator buildings with 60 apartments in the Manhattan Valley neighborhood of the Upper West Side. Both buildings are currently have lon
A local developer paid $2.1 million for a site at 3116 Clarendon Rd. in the Flatbush neighborhood of Brooklyn. The development site comes with an approved plan to develop 22 new rental apartments.
“Now the critical mass of supply deliveries is weighing on the sector” says Peter Muoio with Ten-X.
WACO, TEXAS — The PPA Group, an Austin-based investment firm, has sold Arlington Farms, a 168-unit multifamily community located at 1800 Primrose Drive in Waco. The sale includes the 15 acres on which
KALAMAZOO, MICH. — Hunt Mortgage Group has provided a $13.6 million loan for the refinancing of Lakeview Apartments in Kalamazoo. The 280-unit multifamily property was built in 1967. Amenities include
CHICAGO — Summit Design + Build LLC has completed the conversion of an 18-story mixed-use building into apartments in Chicago’s Uptown neighborhood. Montrose Apartments, formerly known as Pensacola Pl
Rents are forecasted to increase by 2 percent nationally over the next year, but growth will be moderate based on the increases in supply and the lack of affordable housing in high-cost metros.
Located at 14-18 W. 107th St. in Manhattan, the two-building Section 8 multifamily portfolio features 60 apartment units.
Monterra in Mill Creek was built in 2003. It contains one- to three-bedroom units with an average unit size of 974 square feet.
NEW RIVER, ARIZ. — KeyBank Real Estate Capital has provided $31.2 million in Fannie Mae financing for the 354-unit Bela Rosa Apartment Homes in New River, northeast of Peoria. The Class A community is
SEATTLE — Greystar Real Estate Partners has acquired the 170-unit Zig Apartments in Seattle for an undisclosed sum. The community is located at 550 Broadway in the First Hill neighborhood.
MBK Homes expects single-family starts to increase slightly and apartment starts to slow this year while maintaining an overall balance with demand Craig
More than 4,000 new apartments are forecast to deliver to the Los Angeles market in Q1 2018, according to research from the CoStar Group Inc. Much of that construction is concentrated in downtown Los
American Campus Communities teamed with the University of Illinois at Chicago to begin construction on a 550-bed project dubbed the Academic and Residential Complex.
New York City-based Meridian Capital Group arranged $110 million in balance sheet financing for 251DEKALB, a five-building multifamily apartment complex located in King of Prussia, PA.
Palo Alto, Calif.-based Pacific Urban Residential has secured $125 million in mortgages to acquire four California residential developments.
A little more than half of the acquisition financing package secured by KeyBank is for the 285-unit Bardin Greene Apartments in Arlington.
AUSTIN, TEXAS — Ready Capital Structured Finance, a New York-based bridge and mezzanine lender, has closed an $11.9 million loan for the acquisition, renovation and stabilization of a 200-unit multifa
CapStack Partners acquired a three-building, multifamily portfolio in Nashville, Tenn. for $35.5 million from Lennox Companies.
More than 4,000 new apartments are forecast to hit the Los Angeles market this quarter, according to CoStar Group Inc.
NORRISTOWN, PA. — Westrum Development Co. has completed Luxor Building II, the final phase of the revitalization and transformation of 770 Sandy Street into Luxor Lifestyle Apartments in Norristown. L
NEW YORK CITY — Cignature Realty Associates has brokered the sale of a six-story apartment building located at 964 Amsterdam Ave. in Manhattan Valley. TriArch Real Estate Group acquired the building f
RedHill Realty Investors, in its first joint venture partnership with an affiliate of Crow Holdings Capital, acquired The Crossing Apartments, a 312-unit mid-rise multifamily property located in Anahe
Taconic Investment Partners agreed to pay $70 million for a dozen apartment buildings with a total of 368 rent-stabilized apartments spread over the Fordham, Belmont and Grand Concourse neighborhoods
Delshah Capital paid $18.9 million for 138 Ludlow St., a early 1900s, six-story walk-up building with 27 apartments and two retail spaces on Manhattan's Lower East Side. That works out to a purchase p
As occupancy rates are anticipated to increase in 2018 operators will look to accelerate rent growth making multifamily assets in high-barrier and suburban
In this bEXCLUSIVEb Brian O'Boyle of ARA Newmark recently discussed the trends and submarkets to watch investor evolution and perhaps some surprises
The 13-story Juanita Nolasco Apartments was built in 1972 and substantially rehabilitated in 2008 via 4 percent Low Income Housing Tax Credits.
ALBUQUERQUE, N.M. — CFH Investment Partners has purchased the 456-unit Diamond Mesa apartment community in southwest Albuquerque for an undisclosed sum. The community is located at 2300 Diamond Mesa T
Trellis House in Washington D.C.’s North Shaw neighborhood will feature a two-level fitness center, pool, subzero test kitchen, outdoor fireplaces with grilling stations and an observation deck with d
The Dunes (pictured), located at 201 Harbour CIty Parkway in Indian Harbour Beach, Fla., was included in the transaction. (Photo courtesy of Lincoln Property Co.)
ATLANTA — Cushman & Wakefield has arranged the $17.7 million sale of Broadway at East Atlanta, a 176-unit apartment community located at 1930 Flat Shoals Road in East Atlanta. Tyler Averitt and Robbie
NEW YORK CITY — Delshah Capital has purchased an apartment building located at 138 Ludlow St. in Manhattan’s Lower East Side. Trikupa Realty sold the six-story property for $18.9 million. The six-stor
BAYONNE, N.J. — AMS Acquisitions has purchased Silk Lofts, a multifamily property located at 154 Avenue E in Bayonne, for $32.1 million. The former Maidenform factory was redeveloped into a residentia
San Diego Housing Commission (SDHC) and Carlsbad, CA-based Chelsea Investment Corporation broke ground on The Lofts at Normal Heights, a 52-unit residential project in San Diego for homeless Veterans.
Condor Hospitality Trust Inc. closed on the sale of the 122-room TownePlace Suites by Marriott Austin North/Tech Ridge, located to the north of downtown Austin.
Developers, investors, property managers and architects must adapt to the shifting demographics and psychographics of the renter population in order to effectively meet the demand for 4.6 million new
New York just passed a sweeping re-zoning of East Harlem in December 2017. Now tenant advocates are suing to wipe the East Harlem Rezoning off the books, arguing it may cause thousands to be pushed ou
Recent residential sales in New York City and the region.
Savanna landed a $176 million construction loan from Deutsche Bank for its planned Morningside Heights condominium building. The German lender prov
If the ongoing budget standoff forces a government shutdown, homebuyers and sellers could face headaches trying to close their deals.
In the long term Yardi Matrix says that renter demand for multifamily product shows no signs of a slowdown.
A Los Angeles-based startup called Treehouse is building what’s dubbed as the nation’s first ground-up co-living housing development. Co-living communities exist in other cities like New York and Wash
The 70,863-square-foot development will be situated on 5.5 acres. It will feature 51 assisted living suites and 26 memory care suites.
The metro Albuquerque housing market closed out 2017 on a high note, according to the Greater Albuquerque Association of Realtors. The association said there were 11,477 single-family home sales in 20
LAWRENCEVILLE, N.J. — HFF has secured financing for a joint venture between Rockpoint Group and The Brooksville Co. for the acquisition of Avalon Run East, an apartment community located at 100 Avalon
AMES, IOWA — Arrimus Capital has acquired Stadium View, a student housing property adjacent to Iowa State University in Ames. The purchase price was not disclosed. The 518-bed property is located at 1
NEWNAN, GA. — A joint venture between Watercrest Senior Living Group and Waypoint Residential has unveiled plans for Watercrest Newnan Assisted Living and Memory Care Community in the Atlanta suburb o
Overall, Houston's multifamily market stands to really turn the corner in 2018 via positive expectations of rebounding oil prices, accelerated job growth and minimal deliveries of new product.
Construction commenced on The Glen at Scripps Ranch, the first continuing care retirement community to be developed in San Diego in nearly 10 years.
The developers of the new Trump Towers outside New Delhi promise the first 100 buyers a meeting with Donald Trump Jr. They got 20 to sign on the first day.
Irving, TX-based JPI expanded its footprint in the Dallas Galleria area of Farmers Branch with the acquisition of 10-acres of land along Dallas Parkway.
The New York City Housing Authority (NYCHA) has picked three more developers to help renovate 1,700 public housing apartments spread across 17 different communities in the Bronx and Brooklyn.
A local investor paid $3.7 million for a four-story building with eight apartments at 337 18th St. in Brooklyn's Greenwood Heights neighborhood, between Park Slope and the historic Greenwood Cemetery.
The master DJ will relocate to the new Aria On The Bay tower in the arts and entertainment district.
Delshah Capital has scooped up a Lower East Side walkup at 138 Ludlow Street, Commercial Observer has learned.
Jonathan Landau and Joel Kestenbaum's Fortis Property Group is looking to sell 25 apartments at 5 River Park for a total of $78.9 million, an offering
CARY, N.C. AND NORCROSS, GA. — Hudson Capital Partners (HCP) has acquired two multifamily properties in North Carolina and Georgia for a combined $66.1 million. The New York-based company acquired Car
Chace Lake Villas in Birmingham, Ala., features a 24-hour fitness center, resort-style swimming pool, lighted tennis court, clothing care center and a car care center.
Many developers still had a great 2017 and now look to 2018 with confidence.
A financier with a public-service outlook. It almost sounds like a contradiction in terms.
LOS ANGELES — Jamison has purchased a grouping of parcels at the corner of 8th Street and Harvard Boulevard in Los Angeles’ Koreatown neighborhood for $14 million. The local privately held real estate
LOS ANGELES — Jamison has purchased a grouping of parcels at the corner of 8th Street and Harvard Boulevard in Los Angeles’ Koreatown neighborhood for $14 million. The local privately held real estate
NorthMarq Capital has arranged a $36.2 million construction loan for a 288-unit multifamily property in Londonberry, N.H.
Located at 460-462 Prospect Ave. in Brooklyn, the two multifamily properties feature a total of 16 two-bedroom apartments.
A homeless shelter could be heading to Billionaires’ Row. The de Blasio administration is planning to open a shelter for 150 residents at 158 West
This week’s properties include a five-bedroom in Southport, Conn., and a four-bedroom in Irvington, N.Y.
SCHAUMBURG, ILL. — KeyBank Real Estate Capital has provided a $21.7 million Freddie Mac loan for the acquisition of Legacy at Poplar Creek in Schaumburg. Built in 1986, the 196-unit multifamily proper
LAKEWOOD, OHIO — Hunt Mortgage Group has provided a $6 million Freddie Mac loan for the refinancing of Harbour View in Lakewood, about seven miles west of Cleveland. The 131-unit apartment property is
Apartment List has raised another $50 million in a Series C funding round, bringing the rental listing platform’s total funding to $110 million, the c
“Multifamily properties continue to be in extreme demand and deal velocity remains accelerative setting the stage for a robust 2018” says Ken Uranowitz
LOUISVILLE, KY. — KeyBank Real Estate Capital has closed a $40.5 million Freddie Mac loan for the acquisition of LC Idlewild Phase II, a 286-unit apartment community in Louisville. Tim Migchelbrink of
MOORE, OKLA. — KeyBank Real Estate Capital has secured $22.5 million in acquisition financing for The Villas at Countryside, a 360-unit multifamily community in Moore, a southern suburb of Oklahoma Ci
COLORADO SPRINGS, COLO. — Hamilton Zanze has purchased the 364-unit Bella Springs apartments in Colorado Springs for $71 million. The community is located at 1050 Milano Point in the northern part of
Hudson Companies plans to bring 134 condominium units to market at its 1 Clinton Street development with a total target offering price of $477.7 milli
Bruce Willis and his wife Emma listed their six-bedroom Upper West Side apartment for $17.75 million, less than $1 million more than what they paid fo
An affiliate of Arbor Commercial Mortgage has paid $59 million, or $710,845/unit, for the Crossroads, an 83-unit apartment building in Manhattan's Low...
Silverstein Properties and Elad Group scored a $300 million condominium inventory loan from Deutsche Bank to refinance more than 100 units at their 1
Slated to open in spring 2019, the multifamily development at 190 W. 54th St. in Bayonne, N.J., will feature 220 market-rate apartments.
KNIGHTDALE, N.C. — NorthMarq Capital has arranged the $23 million refinancing of Palisades at Legacy Oakes, a 240-unit apartment community in Knightdale, roughly 15 miles east of Raleigh. Bill Matone
SEATTLE — Harborview Capital Partners has closed three Freddie Mac loans for a total of $12.7 million. The loans were used to refinance three multifamily assets in Seattle. Harborview has now closed e
AURORA, COLO. — Inland Real Estate Acquisitions has purchased the 408-unit Après Apartments in Aurora for an undisclosed sum. The community is located at 1503 S. Galena Way.
FEDERAL HEIGHTS, COLO. — A joint venture between Security Properties and Oaktree Capital Management has purchased The Lodge on 84th, a 300-unit apartment complex in Federal Heights, for $46.5 million.
Triple Crown 2 Apartments in Austin was built in 1973. Orion secured the acquisition of the property with a loan from Fannie Mae's Green Financing program.
SPRING, TEXAS — Caldwell Cos. will develop Lakeview Oaks, a 330-unit multifamily community at the corner of Gosling Road and FM 2920 in the northern Houston metro of Spring. The Class A property will
For its first transaction under an investment mandate it secured last summer CapStack partnered with Gastonia NC-based MACC Venture Partners.
Forkosh Development has purchased three small apartment buildings at 157-161 East 28th Street in Kips Bay for $17 million.
Orion Real Estate Partners closed on the acquisition of the Triple Crown 2 Apartments, a garden-style, workforce apartment complex in Austin.
NorthMarq Capital arranged refinancing of $40.5 million for two multifamily properties in California and Nevada.
SyRES Properties, LLC secured $56 million in acquisition financing for Hadley Apartments, a 209-unit multifamily property located in Mercer Island, WA.
The 387-unit apartment community will be located within Pembroke Pines City Center, a 325,000-square-foot mixed-use project under construction in Broward County.
FORT WORTH, TEXAS — Addison, Texas-based investment firm S2 Capital LLC has purchased Oakland Hills Apartments, a 332-unit multifamily community located at 807 Heights Drive in east Fort Worth. The pr
FORT WORTH, TEXAS — Berkadia has secured a $41 million loan for the refinancing of Mansions at Timberland, a 281-unit multifamily property located at 11401 N. Riverside Drive in Fort Worth. The proper
Here are those predictions broken down.
DETROIT — City Club Apartments has broken ground on a 288-unit apartment property in Detroit. Located at the corner of Washington Boulevard and Park Avenue facing Grand Circus Park, the site was once
The Cotton Groves, at Bumpas and Fitzhugh Streets, is a three-acre plot purchased by Habitat for Humanity. The organization is planning 35 units – to be created from shipping containers.
Los Angeles developer Palisades is adding some star power to a renovation project that's garnered local pushback, reports Architect's Newspaper. Th
Long-time HFF Houston multifamily expert M. Todd Stewart moved to JLL as managing director. In his new role, he will focus on institutional multifamily business.
ACORE Capital has provided a $217.5 million loan to Chetrit Group to refinance the Empire Multifamily Portfolio.
CORPUS CHRISTI, TEXAS — NorthMarq Capital has closed $13.1 million in refinancing for an undisclosed, 218-unit multifamily property located in Corpus Christi. Randy Wolfe and Bert Roberds of NorthMarq
MILFORD, CONN. — Avalon Bay Communities has completed the sale of Avalon Milford, an apartment community located in Milford. An affiliate of DSF Group acquired the property for $50.5 million. Jeffrey
The 170-unit The Highlands at Cherry Hill features a clubhouse with lounge, fitness center, business center, grilling area and resort-style swimming pool.
Urban Style Flats in St. Petersburg, Fla., features a 24-hour fitness center, swimming pool, bocce ball court, golf putting green and an on-site restaurant.
MEMPHIS, TENN. — Carroll Organization has sold Arium Shelby Farms, a 1,037-unit apartment community in Memphis. Other terms of the deal were not disclosed, but the Memphis Business Journal reports the
The 312-unit Springs at Hamburg in Lexington, Ky., will include 14 buildings and private, townhome-style entrances in each unit.
CHICAGO — Kiser Group has brokered the sale of a 41-unit multifamily property in Chicago’s Buena Park neighborhood for $3.6 million. The building, located at 4070 N. Kenmore Ave., was originally built
Developer Oden Hughes LLC has launched construction on the 350-unit Lenox Ridge, a 10-acre multifamily complex geared toward Northwest Austin’s mostly tech workforce.
“The property’s current occupancy of more than 97 percent combined with its access to retail and superior amenities made it a highly desirable investment
Harry Jeremias’ Harch Group sold a three-building multifamily package in the southern half of Brooklyn to the Hertz family for $46 million, sources to
UPDATED, 2:44 p.m., Jan. 11: Breaking Ground is planning a 126-unit apartment building in Brownsville. The nonprofit organization, which focuses on
MERCER ISLAND, WASH. — SyHadley has received $56 million in financing to purchase the 209-unit Hadley Apartments in Mercer Island. The community is located at 2601 76th Ave. S.E.
ARLINGTON, TEXAS — KWA Construction is nearing completion of Phase I of Arlington Commons, a 1,300-unit multifamily redevelopment project in Arlington valued at approximately $350 million. Developed i
Solaris, a 562-unit apartment community in Austin, is one of Presidium's recently acquired properties for which the credit facility was established.
Estates at Fountain Lakes in Stafford is a pet-friendly community that features a tanning shelf and grilling stations in its pool area.
Havana Square in Tampa, Fla., features a swimming pool, outdoor kitchen, bocce ball court, fire pits, grilling areas, fitness center, club room with game tables, kitchen and a bar.
The institutional-fund manager acquires Surf at 39 a 400-unit coastal-infill multifamily asset here and intends to upgrade units to meet tenant needs
Interstate Equities Corporation (IEC) acquired Surf at 39, a 400-unit multifamily asset in Huntington Beach, CA for $134 million.
Starwood Property Trust is acquiring an institutional-quality multifamily affordable housing portfolio in Florida for roughly $600 million.
CHICAGO — Draper and Kramer Inc. has broken ground on a boutique apartment building along Chicago’s lakefront. The eight-story rental property, which will be situated on the last undeveloped site on N
Lantower Brandon Crossroads in Brandon, Fla., features two fitness centers, two resort-style pools with sundecks and two dog parks with pet washing stations.
Lantower Brandon Crossroads in Brandon, Fla., features two fitness centers, two resort-style pools with sundecks and two dog parks with pet washing stations.
Commercial Real Estate Direct Staff Report Interstate Equities Corp. has paid $134 million, or $335,000/unit, for Surf at 39, a 400-unit apartment pro...
SAN ANTONIO — Canadian investment firm Western Wealth Capital (WWC) has acquired Sedona Canyon, a 296-unit multifamily community located at 4620 Thousand Oaks Drive in northeast San Antonio. The sales
LAS VEGAS — A joint venture between Citymark Capital and InterCapital Group has purchased the 368-unit Vintage Pointe apartments in Las Vegas for $49.2 million. The community is located at 6500 Vegas
The asset features two swimming pools, sun deck, hot tub, outdoor grilling area, basketball and tennis courts, 24-hour fitness center, business center, two clubhouses, community garden, and access to
Centurion Realty has scooped up two apartment buildings in Soho from Joseph Nabavi’s Direct Management Corp. for $62 million.
BOSTON — HFF has arranged a $250 million construction loan for the development of the first phase of Bulfinch Crossing, a 46-story residential property located at 100 Sudbury St. in downtown Boston. T
Mosser Capital has acquired a six-property multifamily portfolio with a total of 222 units in Los Angeles for $61.2 million, or $275,676/unit. ACORE C...
The question for this year is “how much more steam is left in the market whether the deceleration will continue or if it will level off or turn negative”
The building from Alex Adjmi’s A&H Acquisitions and joint venture partners Meral Property Group and Joyland Group will stand six stories tall and
esa West Capital originated $165 million in short-term first mortgage debt to refinance two new luxury apartment complexes in San Diego developed and owned by Sunroad Enterprises.
Mosser Capital acquired The Lido, a 100-unit apartment building that was featured on the Eagles’ Grammy Award-winning album Hotel California for $32.2 million.
Inland Real Estate Acquisitions Inc. paid $33 million for Avalon Huntington, a 99-unit apartment complex in Shelton, CT, built in 2008. That works out to a price of $333,333 per apartment.
The challenge is finding properties that have not already been renovated.
It's real estate's equivalent of dying gracefully. A high number of mall tenants are choosing to quietly bow out of their space at the end of a lease, instead of breaking it. A report by Green Stree
Commercial Real Estate Direct Staff Report Starwood Property Trust Inc. has agreed to pay $600 million for 28 affordable-apartment properties with 6,1...
Commercial Real Estate Direct Staff Report Starwood Property Trust Inc. has agreed to pay $600 million for 28 affordable-apartment properties with 6,1...
Commercial Real Estate Direct Staff Report Starwood Property Trust Inc. has agreed to pay $600 million for 28 affordable-apartment properties with 6,1...
GREENWICH, CONN. — Starwood Property Trust Inc., an affiliate of Greenwich-based Starwood Capital Group, has signed a definitive agreement to acquire a 28-property affordable housing portfolio located
NEW YORK CITY — Ariel Property Advisors has arranged the sale of a multifamily building located at 143-48 41st Ave. in the Flushing neighborhood of Queens. An undisclosed buyer acquired the six-story
Palisade Gardens in Fort Lee, N.J., features 168 apartment units in a mix of studio, one- and two-bedroom layouts ranging in size from 415 square feet to 740 square feet.
Madison Park in Madison, Ala., features a fitness center, on-site storage units, picnic area, pool, business center, package service and private garages.
SAINT LOUIS PARK, MINN. — Marcus & Millichap has arranged the sale of Tamarind Apartments in Saint Louis Park near Minneapolis for $15.6 million. The 102-unit apartment property is located at 2300 Rid
Apartment List noted that the median rent for Lubbock multifamily properties was $820 in December 2017. Rent growth also dropped year over year.
Soon after Assa Properties agreed to pay $1.2 million over alleged, illegal Airbnb rentals, Assa has sold one 19W55, one of the four properties.
Circle F Capital borrowed $22.75 million from Centennial Property Finance to finish off the redevelopment of 5-33 48th Ave.
In late 2015, the developers of 432 Park Avenue reluctantly split several full-floor penthouses amid slow sales. Well, guess what? A mystery buyer has
ACORE Capital provided $48.8 million to Novel Property Ventures and Atlas Real Estate Partners to acquire a St. Petersburg rental property.
MT. LAUREL, N.J. — Jefferson Apartment Group is developing an apartment complex located on 77 acres in Mt. Laurel, an inner suburb of Philadelphia. Jefferson Place Mt. Laurel will comprise 21 separate
HOUSTON — Ready Capital Structured Finance has closed an $8.7 million acquisition loan for a four-property multifamily portfolio in Houston’s Montrose neighborhood. The floating-rate loan features a t
“Our flagship K- and SB-Deals both had exceptional years.”
Five of the eight Santa Rosa apartment communities managed by Woodmont required mandatory evacuation affecting approximately 750 apartment homes and temporarily
TruAmerica Multifamily has ventured with Blackstone Real Estate Income Trust Inc. to pay $126.5 million for a pair of apartment properties, with a tot...
Slated to open in 2019, 42 Broad Street West will feature 249 apartment units, more than 16,000 square feet of amenity space, 12,000 square feet of retail space and a 580-space parking garage.
Canyon Partners provided a $102.3 million senior bridge loan to Upper East Side Miami, LLC for the recapitalization of the Shorecrest Club in Miami
A distressed condominium project will get a fresh start at 208 Delancey Street, with an infusion of $54 million from Madison Realty Capital
Mack Real Estate Credit Strategies has provided a $90 million mortgage to Fisher Island Investments for Palazzo Del Sol and Palazzo Della Luna.
Altogether, homes in the Los Angeles metro area are worth $2.7 trillion, more than the United Kingdom’s GDP. In the New York City metro, total home values equal $2.6 trillion, more than the French eco
LOS ANGELES — Essex Property Trust has acquired The Village at Toluca Lake, a 146-unit apartment complex in the Los Angeles submarket of Burbank, for $59 million. The community is located at 211 and 2
The company will invest $1 million to renovate the common areas and unit interiors. The community will then be rebranded.
Multifamily lending activity last year is likely to total just under $60 billion, compared to $87 billion in 2016, according to a Mortgage Bankers Association analysis.
Multifamily lending activity last year is likely to total just under $60 billion, compared to $87 billion in 2016, according to a Mortgage Bankers Association analysis.
Cortland Bellevue in Nashville, Tenn., features a fitness center, saltwater pool and nearby green space and parks. (Image courtesy of Cortland Bellevue)
The 320-unit Mariner Grove was designed around a 300-year-old live oak grove. The community is located roughly three miles from downtown Savannah, Ga.
Jefferson Woodlands in Garland, Texas, will be situated adjacent to the 33-acre Spring Creek Forest Preserve and near the CityLine and Telecom Corridor business parks.
Community amenities at Chroma in San Antonio include a game room, business center, fitness center with spin room, resort-style pool, dog park, coffee bar, attached and detached garages and outdoor liv
Blue Zees Real Estate is shooting for a total sellout of $59.3 million at its East Williamsburg condominium project, an offering plan filed late last
Pinnacle Terrace is situated near West Chandler Corridor, Arizona State University Research Park, and the Discovery Business Campus. It was built in 1998.
RICHMOND HEIGHTS, MO. — Draper and Kramer Inc. has opened The Flats at EVO in the St. Louis suburb of Richmond Heights. The collection of 46 townhome-inspired rental apartments is the second phase of
Parc Station Apartments in Hollywood, Fla., features a swimming pool, fitness center and a playground. (Image courtesy of Parc Station Apartments)
MOUNT JULIET, TENN. — KeyBank Real Estate Capital has closed a $75.2 million Freddie Mac loan for the refinancing of LC Providence, a 451-unit apartment community in Mount Juliet, roughly 20 miles eas
Isles of Gateway in St. Petersburg, Fla., features a fitness center, resort-style pool and Jacuzzi, two pet parks and lighted tennis and basketball courts.
The median price of a Marin home spiked 15.5 percent to $952,250 in November, compared with the $824,500 median price a year earlier, a real estate data tracking firm reported Thursday. Irvine-based C
Alta Vista Apartments, a 102-unit multifamily property in Escondido, CA, has been acquired by Crown Capital from Sares Regis Multifamily.
Seattle-based Security Properties and Cigna Investment Management purchased Arbor Heights, a 348-unit multifamily property located in Tigard, OR
An undisclosed investor paid $47 million the Highbridge Portfolio in the Bronx, NY. That works out the a price of $179,000-per-apartment.
In a recent example $20.5 million in financing was obtained for The Georgian a 288-unit multifamily property with a sponsor that was looking to secure
HFZ Capital Group sold off 46 apartments at its Chatsworth co-op conversion on the Upper West Side for $38 million, records filed with the city Friday
In one important way, condominiums had a banner year in 2017. Though closings were about par for the course and contract volume was nothing to write h
Meridian Capital Group has negotiated $110 million in balance sheet financing for Candlebrook Properties’ 251 DEKALB.
The company purchased a newly built, 322-unit community on the southwestern side of the city, located off of Interstate 40.
UPDATED, 7:24 p.m., Dec. 27: Azimuth Development Group is planning a mixed-use building with 30 residential units and a church in Central Harlem. T
Two years after demolishing the Church of the Redeemer in Brooklyn, Adam America Real Estate is planning a 63-unit condominium on the site, an offerin
CNBC's Diana Olick provides a preview of the real estate market next year.
Trinity Place Holdings' stocking came stuffed with a $189.5 million loan to finance its residential condominium project in Lower Manhattan.
Some institutional investors are turning to the suburbs for yield now that the urban luxury apartment boom is tapering off. Returns for garden-styl
Next year, the amount of new construction is expected to slow down somewhat, but the overall trends are expected to stay the same.
As the affordable housing landscape continues to evolve, 2018 has the potential to introduce even more uncertainties to the market.
What can we expect in 2018? The economic background promises to be a neutral factor.
INDIANAPOLIS — Steadfast Apartment REIT III Inc. (STAR III) has acquired Avery Point Apartments in Indianapolis for $44.6 million. Built in 1986, the 512-unit apartment property consists of 58 two-sto
MINNEAPOLIS — Colliers International has brokered the sale of Solhaus and Solhaus Tower in Minneapolis for $27.4 million. The student housing properties, totaling 150 units, are located at 2428 Delawa
AUSTIN, TEXAS — Irving-based development firm JPI has sold Sur512, a 362-unit multifamily community situated on 8.9 acres at 5010 S. Congress Ave. in Austin. The Class A property offers a mix of one-,
Cityside at Huntington Metro in Alexandria, Va., features a rooftop fitness center, rooftop lounge, pool and sundeck, outdoor patio and grill area, playgrounds and a dog park.
The Woods of San Jose LLC secured $200 million in financing for The Woods, a 1,841-unit landmark multifamily property in San Jose, CA.
J. Wasser & Co. purchased two apartment buildings, located at 2263 Morris Ave. and 2342 Ryer Ave. (pictured) in the Bronx, for $10 million.
The City’s new linkage fee includes a tiered fee schedule with rates for housing projects ranging from an $8 per square to $15 per square foot.
The funding will also support two new "affordable-homeownership sites" in Seattle, totaling 26 homes, according to the mayor's office.
A tour of the 28th floor Central Park apartment of Rachel Lambert “Bunny” Mellon, the socialite heiress who died in 2014 at the age of 103.
ATLANTA—1760 Apartment Homes a 239-unit multifamily property in Lawrenceville GA has traded hands. The sale price: $49.6 million. CBRE Capital…
But the number of distressed sales has fallen dramatically and the market may be stronger than it seems at first glance.
Commercial Real Estate Direct Staff Report MG Properties Group has paid a total $132.8 million for a pair of Seattle-area apartment properties with 46...
Circle F Capital, has scored a $46.2 million construction loan to fund its development of a condominium project in Long Island City, Queens.
The Midwest apartment market never seems to grab the headlines, but it displays strong operating fundamentals and attracts investors with cap rates that pave the way for nice returns.
Hunt Mortgage Group has provided a $23.5 million refinancing loan for South Coast Landings, a 240-unit multifamily property, located 18 miles southeast of Providence, R.I.
Oak Coast Properties has acquired Aurora Hills Apartments, a 47-building, 300-unit apartment community in Aurora. This represents the company's seventh acquisition in the Denver metro.
Only three multifamily properties have been built in Flower Mound within the past 17 years; it and the Mansfield submarkets are two of the strongest in
On a more positive note investing conditions grew modestly stronger in many metro markets during the quarter compared to the preceding quarter according
The combined level of commercial and multifamily mortgage debt outstanding increased by $45.4 billion, or 1.5%, to $3.11 trillion in the third quarter of 2017.
The 142-unit luxury apartment community is part of City Market @ O, a mixed-use two-block development in the Shaw neighborhood of Washington, D.C.
Authorization levels among the top 10 apartment markets are decelerating from the peaks seen in 2016 says RealPage.
Douglas Elliman’s November 2017 Manhattan Brooklyn & Queens Residential Rental Report shows trends anticipated to extend into 2018.
“Prices continue to skyrocket to well over $100000 per unit in East Orange” says Kislak's Julie Gralla. “The city is extremely desirable to tenants and
The project already under construction calls for the development of a 16-story building with 249 rental apartments and 11324 net rentable square feet
Flushing-based Lily Guo submitted a condominium offering plan for 46-20 11th Street in Long Island City, records with the New York state Attorney Gene
A new report, Real Trends: The Future of Real Estate in the United States, points to an exciting era of advanced multifamily housing.
Greystone has provided a $36.4 million bridge loan for Ilan Investments’ purchase of an apartment complex north of Houston.
New development condos were the weakest player in this year’s condo market, showing a 13 percent drop in sales volume relative to 2016 while the rest
The new $95 million development located in the SoMa district at 360 5th St. includes 127 apartment homes and more than 9300 square feet of retail and creative
Fannie Mae and Freddie Mac held 37 percent ($467 billion) of all mortgages on multifamily properties outstanding as of Sept. 30, 2017, according the Federal Reserve data.
BSR Trust has paid $70.5 million, or $148,735/unit, for the 474-unit Windhaven Park Apartments in the Dallas suburb of Plano, Texas. The Little Rock,...
In fact, most of the growth has taken place in suburban submarkets.
KD Sagamore Capital filed plans for a 14-unit luxury condo building on the Lower East Side, joining a growing list of pricey condos along Chrystie Str
Starlight U.S. Multi-Family (No. 5) Core Fund has paid $48.05 million, or $184,100/unit, for the 261-unit Callie apartment property in Dallas. The fun...
The 372-unit community features one-, two- and three-bedroom apartments and 18,000 square feet of ground-floor retail space. This is Greystar Equity Partners VIII's first sale.
Ken Horn’s Alchemy Properties and the Carlyle Group secured $102 million in financing for a planned 32-unit condominium building on the Upper West Sid
Following a renovation The Avanti is expected to outperform the competition in this submarket one of the brokers says.
GlobeSt.com caught up with Hernando Perez director of multifamily investment sales at Franklin Street’s Miami office