Evelyn is a creative writer covering commercial real estate trends and insights in the U.S. Evelyn was previously a senior associate editor at Multi-Housing News and Commercial Property Executive. She has an academic background in Journalism and Irish Studies. Evelyn has been covering the CRE industry since 2017. Reach her via email.
San Fernando Valley Apartments Sell for $42M
Ambrus Co. sold a 207-unit, three-property apartment portfolio to Lion Real Estate Group. The acquisition was sourced off-market from a Los Angeles-based private investor who developed the assets 40 years ago.
Northland Expands Its FL Portfolio
The company purchased Element, a 395-unit residential tower in downtown Tampa. The property marks Northland’s fifth purchase within the last five months.
Denver Luxury Asset Trades for $122M
HFF marketed the 465-unit property on behalf of the seller, Lennar Multifamily Communities, and procured the buyer, Starlight Investments.
Luxury Downtown LA Community Debuts
4D Development & Investment’s 115-unit property on Grand Avenue will be managed by Moss & Co.
Boston’s Hood Business Park Gets Residential Component
The mixed-use project will add 177 units and 10,500 square feet of retail space to the Hood Business Park complex.
Las Vegas Asset Changes Hands
Berkadia arranged the sale of Emerald Park Apartment Homes, a 300-unit community. The buyer paid $95 per square foot, equating to a 5.5 percent cap rate.
TruAmerica Nabs Orlando Community for $48M
TruAmerica has expanded its portfolio with the purchase of Arium Falcon Pines, a 300-unit luxury community. The property will be rebranded as Canterbury Cove, and receive interior and exterior upgrades.
San Jose Luxury Development Lands $201M
HFF worked on behalf of Greystar to secure the construction loan through Otéra Capital. The Reserve is expected to be completed in 2020.
IPA Arranges $39M Refi for Playa Del Rey Apartments
The borrower, a repeat client of IPA, received the loan structured with a full 10-year term, interest-only, at a rate of 3.8 percent.
BPDA Approves Two Residential Projects in Boston
The two developments will bring 101 residential units to Dorchester and South Boston, including 13 affordable units, as well as ground-floor retail.