Business Specialties
Blackstone Buys New Raleigh Apartments for $41M
Davis Development broke ground in 2017 on the 202-unit community and delivered it earlier this year, with the help of $38 million in construction financing.
Rehab Complete on 90-Year-Old LA Units
Community Preservation Partners spent $11.9 million on The Curtis Johnson Apartments, a six-building portfolio in the Vermont Harbor neighborhood that the company renovated.
Calvera Partners Expands Value-Add Portfolio
The company has acquired a vintage property in Alameda, Calif. The acquisition is part of its strategic investment plan to reposition old buildings.
Jacksonville Community Trades for $56M
Harbor Group International sold the 440-unit multifamily property. Walker & Dunlop originated a $41.4 million Freddie Mac loan for the new owner.
San Diego Mixed-Use Community Lands $21M Refi
The proceeds of the 10-year, fixed-rate commercial financing arranged by HFF will be used to refinance an existing construction loan for The Californian, a luxury property in the city’s Point Loma suburb.
Citymark, InterCapital Sell Multifamily Assets Totaling $139M
The three properties, which are located in Phoenix, Atlanta and Las Vegas, were purchased in separate deals by Goodman Real Estate, Blackstone and LivCor.
Work Starts on 103-Unit NJ Affordable Project
Volunteers of America Delaware Valley is building the community, Centerton Village, in the township of Mount Laurel. Funded in part by NJHMFA, the project is slated for completion in May 2020.
AKAM to Manage Metro Miami Luxury Property
The 113-unit condominium development is the newest residential construction built inside the Boca West Country Club in more than 15 years.
Western Wealth Capital Grows AZ Portfolio with $23M Purchase
The investment company financed the acquisition of the 198-unit Artisan Park in Glendale with a $15.1 million Fannie Mae loan.
Novare Group Breaks Ground on Birmingham Community
The developer is building Foundry Yards, a 268-unit luxury residential project in the city’s growing Parkside District, in concert with Prestwick Cos. and Batson-Cook Development Co.