Adriana Marinescu is an associate editor with Commercial Property Executive and Multi-Housing News. She joined the CPE-MHN team in 2019.
IDM Cos. Lands $49M for Phoenix Development
The developer plans to soon begin work on the 458-unit community within the 1,200-acre Algodon Center.
Levin Johnston Brokers Bay Area Value-Add Sale
Adam Levin and Robert Johnston arranged the acquisition of the Berkeley, Calif., property through a 1031 exchange.
Affordable Senior Community Near Providence Lands $43M Refi
Rockport Mortgage provided the FHA Section 223(f) financing for the 327-unit property in New Bedford, Mass.
Senior Living Community Underway Near Sarasota
The 197-unit property, designed to comprise independent living, assisted living and memory care apartments, is scheduled to open in August.
MG Properties Grows Sacramento Footprint
The company acquired a 270-unit community adjacent to the city of Elk Grove, bringing its local unit count to nearly 1,000.
BRIDGE Makes Northern California Affordable Purchase
The company acquired the 130-unit senior community in Freedom with more than $17 million in financing.
Boca Raton Luxury Community Tops Off
The developers broke ground on the 1.1 million-square-foot project last May, with $126 million in construction financing from Jutland Finance Inc.
Universe Holdings Pays $35M for San Diego Asset
The Class C, 110-unit community last traded in 2016 for almost $21 million.
Affordable Senior Living Community Opens in West Palm Beach
Related Urban broke ground on the 87-unit property in October 2018, financing the development with almost $16 million in private and public funds.
Carter Cashes In on Tampa Luxury Tower
The company sold a 362-unit community developed between 2015 and 2017 two blocks from Tampa Riverwalk.