Robbins Electra Snaps Up Charlotte Community
Pavilion Crossing, which will be rebranded as Grand Reserve at Pavilion, includes 408 units. The property is currently 95 percent occupied.
Greystone Oversees Financing for NY Apartments
The company facilitated $82.3 million in loans for a community in Hempstead, on Long Island, and three properties in Astoria, Queens.
HFF Closes Birmingham Senior Housing Sale
The company arranged the sale of a 232-unit community to a joint venture of LCS and an affiliate of Artemis Real Estate Partners.
San Diego Apartments Snag $38M Refi
KeyBank Real Estate Capital arranged the financing, 12-year term, seven-year interest only period and a 30-year amortization schedule for the 255-unit Stonewood Garden Apartment Homes.
Rockpoint Group Snags $87M FL Community
Related Development, the multifamily component of Related Group, sold Town at Pembroke Pines, a recently completed 356-unit property in Pembroke Pines, Fla. During the past 18 months, the company sold three completed multifamily projects totaling more than $290 million.
Friedkin Snags Long Island Apartments for $140M
Making its New York debut, the San Francisco-based investment firm bought a 450-unit community in Suffolk County and an adjacent golf course.
Foxford Launches Sales of Chicago TOD
The 28-unit property, which also features retail space, will be the first transit-oriented condo development in the Western Springs, Ill., neighborhood.
Jefferson Apartment Group Plans VA Development
The site, formerly the home of the sports bar CarPool, is approved for up to 330 residential units in a 22-story high-rise community in Arlington.
Texas, Israeli Investors Snap Up Houston Property
The PPA Group and a private investor have acquired a 236-unit community. PPA plans to renovate the units and upgrade the amenities.
Economy Watch: Multifamily Markets Softening
All four indexes of the NMHC’s quarterly survey were below the breakeven level of 50, indicating that U.S. apartment market conditions are softening despite continued strong demand. New supply is finally catching up, and there seems to be more caution among buyers and lenders, noted NMHC Chief Economist Mark Obrinsky.