New Apartments on Old Factory Site in Metro Charleston
The Beach Co.’s 271-unit community is located in the Park Circle neighborhood and retail district. The site of the development was once home to the General Asbestos and Rubber Co.
Greystone Expands into Phoenix
The office will focus on Fannie Mae, Freddie Mac, FHA and CMBS finance, serving multifamily owners nationwide. Eric Jones will head up the location as its director.
Work Begins on Daytona Beach Shores Condos
The community, developed by Jim Mack and Greenpointe Communities, will be the area’s first oceanfront condominium in more than a decade.
Hudson Cos. Picks Architect for Latest Brooklyn Development
CetraRuddy will design the 250-unit community located in Prospect Lefferts Gardens, which will also include 6,000 square feet of ground-floor retail space.
MPE Partners Receives Funding to Acquire Cincinnati Apartments
Hunt Mortgage Group secured acquisition financing from Freddie Mac for 170 garden-style units on two parcels totaling about 8.5 acres. The property consists of eight residential buildings plus a leasing office and maintenance building.
New Owners Secure $25M Refi for Little Rock Apartments
Transcontinental Realty Investors’ and Abode Properties’ property consists of 260 units and is fully leased at market rates. The community was acquired in 2016.
Meriel Marina Bay Apartments in Suburban Boston Open for Leasing
The property, developed by Hines, includes two five-story buildings featuring 352 apartments with garage parking, and about 20,000 square feet of ground-level retail space.
NYC Condo Project Wins First-Ever WELL Certification
21W20, designed by Beyer Blinder Belle, is the world’s first residential project to earn the certification, which focuses on enhancing occupants’ health and well-being through the built environment.
Starwood Receives $250M Loan to Acquire 11 Properties
The portfolio, built between 1985 and 2002, contains 2,136 units, located in Washington, Oregon, Colorado and Arizona. Twenty-five percent of the loan balance qualifies as affordable and is exempt from Freddie Mac’s production cap.
Tougher Times for Apartment Development?
According to Chicago multifamily experts speaking at the Marcus & Millichap/IPA Multifamily Forum Chicago, it’s currently difficult to get new developments off the ground. But, there could be hope.