Preleasing Begins on Chattanooga Luxury Development
Housing Trust Group has begun preleasing at a new luxury community in Chattanooga, Tenn. Rents range between $850 and $999 per month.
Two Birmingham Apartments Change Hands
A private investor acquires two adjacent Birmingham apartments with plans to combine the assets. Beech Street arranged financing, while Multi Housing Advisors brokered the sale.
TODAY’S DEALS: NorthMarq Secures $12M Refinance for Oregon Multifamily Asset
NorthMarq arranges a $12 million refinance for a 207-unit asset; Hamilton Zanze buys a Las Vegas apartment community; and Hybrid Capital arranges $8.5 million in financing for 80 units in Brooklyn, N.Y.
Sherwood Equities Debuts First-Ever Manhattan Ground-Up Sales Gallery
Sherwood Equities has boldly gone where no other Manhattan developer has ventured before, unveiling the first-ever, ground-up-construction, free-standing, Manhattan sales gallery.
Ocean Land Set to Begin Work on Fort Lauderdale Condos
Ocean Land Investments has unveiled designs for two Fort Lauderdale condo developments that recently received city approval.
TODAY’S DEALS: Wood Partners, Boston Capital JV Sell Arizona Apartment Asset
Baron Properties picks up an Arizona asset from a joint venture; NorthStar Income II originates a $39.2 million senior loan secured by a Virginia apartment; and Eastern Consolidated markets a Queens, N.Y. beachfront apartment property for $7.9 million.
FAU Student Housing Community Receives Construction Financing
A partnership between Rosemurgy Properties, Giles Capital Group and Lewis Rental Pro has received construction financing for University Park, a to-be-built, 159-unit, 599-bed student housing community in Boca Raton, Fla.
SF Development Bags $58M in Pension Fund Investment
101 Polk, an $82.8 million multifamily development in San Francisco, has secured a $58 million financing commitment toward its development from the AFL-CIO Housing Investment Trust (HIT).
TODAY’S DEALS: Natixis Provides Post Brothers with $148M for Apartment Acquisition
Natixis provides financing for a Philly acquisition and renovation; Centerline refinances a multifamily property in Oak Park, Ill.; and Eastern Union Funding arranges $8 million in construction financing in Philadelphia.
Shopoff Group’s Uptown Newport Village Poised to Break Ground
The Shopoff Group expects to begin construction this month on a new luxury development called Uptown Newport Village in Newport Beach, Calif.