Adriana Marinescu is an associate editor with Commercial Property Executive and Multi-Housing News. She joined the CPE-MHN team in 2019.
South FL Mixed-Use Asset Gets $20M Refi
Marcus & Millichap has secured a 10-year interest-only loan for a 144-unit luxury mixed-use property in the Fort Lauderdale market.
Avanath Buys Maryland Senior Community
Delivered in 2006, the 102-unit Victoria Park at Edgewater in Anne Arundel County traded for a little over $11.3 million.
Atlanta Luxury Project Lands $37M Financing
Working on behalf of Grubb Properties, Greystone Bassuk arranged the construction loan for the redevelopment of a 246-unit community in the city’s Grant Park neighborhood.
Hunt Arranges Refi for 2 VA Communities
The company secured the 10-year term Fannie Mae loans for Fay Street and Fort Colliers. The properties total 150 apartments and are located in Winchester.
San Antonio-Area Community Lands Refi
Constructed in 1974, the 333-unit property in Universal City is located less than 20 miles from the metro’s core. JLL Capital Markets represented the owner.
NorCal Manufactured Housing Property Scores Refi
Hunt Real Estate Capital secured the $4.2 million, seven-year Fannie Mae loan for Hidden Acres, a 101-unit community in Susanville.
Mixed-Income Chicago Development Breaks Ground
The 164-unit project is a collaboration between public and private entities. The property is located 4.5 miles south of downtown.
South TX Community Changes Hands
Seneca Investments sold Stoneleigh Harlingen, a 180-unit Rio Grande Valley asset. JLL Capital Markets brokered the transaction on behalf of the seller.
Mandarin Oriental to Brand, Manage NYC Luxury Condos
SHVO, BLG Capital and Deutsche Finance America own the 1920-built property on Fifth Avenue. Work started on the conversion of the building’s office component into 69 apartments.
The Habitat Co. Grows IL Affordable Management Portfolio
The Drexel Properties, a 155-unit community in Chicago’s Kenwood neighborhood, brings the company’s affordable housing assignments to more than 10,000 units.