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.
PAC Invests in Northeastern Atlanta Asset
Completed in 2016, the 14-building, 310-unit community in Tucker is close to Northlake Mall. The transaction involved a $39.7 million loan.
Timberland Grows in Twin Cities, Obtains $50M Loan
The company will add one more community to its Twin Cities portfolio of nine properties. The new construction will be adjacent to the planned METRO Green Line Extension.
Fairfield Obtains $66M for WA Luxury Development
The downtown Redmond community will comprise 360 high-end units, 36 of which will be income-restricted. Amenities include a fitness area, a Wi-Fi lounge with co-working space and a bicycle storage area.
On the Market: 5 Interesting Listings for the Week of 2/26
This week’s listings include a former hotel in Kansas City and an asset located near Arizona State University in Tempe.
Walker & Dunlop Secures $34M HUD Loan for VA Community
Dwight Dunton III of Bonaventure Realty Group and Philip Roper III bought Meridian Parkside in 2016. The financing will be used to pay off a portion of the ownership’s assumed debt.
On the Market: 5 Interesting Listings for the Week of 2/19
This week’s listings include two recently constructed properties in Florida and a condominium offering in Vineland, N.J., which has seen historically high occupancy rates since its delivery.
Hunt Provides $19M for Tucson Property
About 65 percent of residents living at The Ledges at West Campus are students. The community, which provides immediate access to three college campuses, is set to undergo further upgrades.
On the Market: 4 Interesting Listings for 2/12
This week’s listings include two renovated downtown Baltimore historic buildings and a downtown Portland property that has never been on the market since it was constructed in 1949.
Pollack Shores Sells ATL Property for $26M
The luxury community is situated in a high barrier submarket, which has seen a very low rate of new construction in the last 15 years.
WWC Completes Phoenix-Area Acquisition
The $17 million transaction represents the company’s 39th acquisition. The company invested more than $210 million in multifamily assets last year.