Business Specialties
MG Properties Buys 2 Los Angeles Communities for $140M
The company’s buying spree continues with the acquisition of two properties totaling 397 units in Canoga Park and Northridge, Calif.
Upscale Dallas Project Lands $56M Financing
Sovereign Properties received loans from JLJ Capital, BridgeInvest and Cottonwood Communities Inc. to develop the $73 million second phase of the Dolce Twin Creeks project in Allen, Texas.
Cushman & Wakefield Arranges $28M Refi for Philly Community
The company acted on behalf of the borrower, a joint venture between Ivy Realty and DW Partners. BBVA was the lender.
JLL Facilitates Sale of Texas Community
The brokerage company represented the seller, Barker Investments, in the disposition of Whispering Oaks in Lockhart, Texas.
NexPoint Acquires 2 Communities for $384M
The multifamily REIT picked up residential properties in the Miami and Nashville metro areas.
Prime Group Buys 309-Unit Portland Property
Newmark Knight Frank originated a $63.7 million Freddie Mac acquisition loan, set to mature in 2031.
Reichle Klein Group Brokers Portfolio Deal in Ohio
R.J. Lloyd & Co. sold four communities totaling 888 units to Urban Land Co. The buyer was self-represented in the transaction.
Powered by Geothermal, Community Changes Hands for $72M
C&A Cos. and Commonwealth Group sold the 288-unit Elements at Prairie Center, located in Brighton, Colo., which taps into heat from the earth.
Downtown San Jose Project Scores $67M Financing
Acquity Realty Inc. has received the joint venture equity and construction financing for The Firestone, a 130-unit apartment community with retail space in the downtown SoFA District.
JPI Adds 11th Multifamily Project in Dallas Submarket
The firm is building Jefferson Innova, a 433-unit second phase to its Jefferson Promenade community in Irving, Texas.