Business Specialties
Cornerstone Managed Properties Buys Cleveland-Area Community
The $4 million sale of the 144-unit, fully occupied community was subject to a $4.8 million acquisition and development loan.
Luxury Senior Living Community Opens in Salt Lake City Area
Buchanan Street Partners has completed the construction of Incline at Anthem, a 298-unit property restricted to adults 55 and over.
PNC Bank Secures $33M Loan for Cleveland-Area Community
The Hamptons Luxury, located in Beachwood, Ohio, is owned by a joint venture between Millennium Management and Forest City Enterprises.
Watt Cos., Schulman Properties Receive $41M Loan for Vegas Community
The developers join the large roster of companies delivering new homes in Olympia Cos.’ 2,750-acre, $200 million master-planned project in southwestern Las Vegas.
LA-Area Property Changes Hands for $10M
A local investor has purchased the 83-unit community from Positive Investments. The Mogharebi Group represented both parties in the deal.
HFF Facilitates $800M Refi for Starlight
The Toronto-based company will use the financing to reduce its exposure to interest rate hikes, extending the weighted average term to maturity to 6.1 years.
Equity Management Partners Sells Tampa-Area Community
Marcus & Millichap facilitated the sale of LeMans, a 198-unit property located in Lakeland, Fla. The company represented the seller and procured the buyer in the deal.
1,000-Unit Affordable Community Breaks Ground in NYC
The development in Brooklyn will be located two blocks from the Coney Island Boardwalk and will include retail and office space.
Chicago Multifamily Tower Lands $149M Refi Loan
The Gallery on Wells is a recently completed 40-story residential building situated in the River North submarket.
Suburban CO Community Commands $42M
Located in Boulder County, close to major employment centers and developing areas, Stonebridge at Twin Peaks encompasses 172 garden-style units.