Tudor Scolca-Seușan is an Associate Editor with Commercial Property Executive and Multi-Housing News. He joined CPE and MHN in 2017 and is passionate about doing research for the two publications. He is responsible for data center and industrial coverage on CPE, writing seasonal metro reports on multifamily, interviews and features, as well as occasionally editing news stories.
On the Market: 5 Interesting Listings for the Week of 10/29
This week’s listings include a two-property portfolio in McAllen, Texas, a turnkey investment opportunity in Rhode Island, and more.
Lindemann Multifamily Acquires Orlando Community for $64M
ContraVest, Case Pomeroy and BBX Capital sold the 292-unit luxury property, which is part of The Gardens on Millenia, a 47-acre mixed-use development.
On the Market: 5 Interesting Listings for the Week of 10/15
This week’s listings include a student housing investment opportunity in Boca Raton, an affordable community in Tampa, and more.
Snell Enters D.C. Luxury Market With $43M Buy
Elysium Fourteen, situated in central Washington, D.C., is an adaptive reuse project incorporating two historic buildings. The property includes 12,800 square feet of retail.
AvalonBay Buys $83M Luxury Asset in Suburban Baltimore
A joint venture between Trammell Crow Residential and an affiliate of Western & Southern Financial Group sold the 310-unit community in Linthicum Heights, Md.
GSP Arranges $17M Loan for Sacramento Community
The current financing package replaces an existing agency securitization. The loan provided by GSP represents 65 percent LTV ratio and is structured to offer assumption rights if the property changes hands.
On the Market: 4 Interesting Listings for the Week of 10/8
This week’s listings include a value-add opportunity north of NYC and a 1900-built, recently renovated community in a busy Richmond, Va., neighborhood.
Top 10 Inland Empire Multifamily Transactions
The Inland Empire market continues to grow its multifamily inventory at a slow burn, further inflating rent rates and property values. One result is rising per-unit prices, which are about $9,000 higher than the national average.
Luxury Denver Community Receives $50M Loan
BMC Investments is developing its new luxury brand, the St. Paul Collection. The first phase, finished in June, totals 81 units and 11,000 square feet of retail.
Drucker + Falk Buys 396-Unit Hampton Roads Asset
Federal Capital Partners sold the Newport News community for $46.7 million after a 7-year holding period. The new owner is planning on implementing several upgrades.