Business Specialties
Genesis Cos. Launches $20M Rehab of NJ Apartments
Vista Village Apartments in East Orange, a former public housing facility, is a 100-percent affordable building that includes 180 units.
LMC Begins Leasing at Luxury Property in Seattle
Phase one of Valdok offers 178 units and provides access to amenities including coworking spaces, a 24-hour fitness center and a pet park.
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.
San Antonio Portfolio Lands $27M Bridge Loan
The new financing package retires $25.4 million in prior debt. The four properties, owned by TerraVista, total 624 units across three of the city’s submarkets.
Hunt Finances Chicago Multifamily Portfolio
The two Freddie Mac loans total $7.4 million and were secured for financing the acquisition of 90 units located across the Bronzeville neighborhood.
Jacksonville Development Lands $35M Financing
Waypoint Residential’s planned Volaris West Kernan community will add 301 market-rate apartments to the Southridge submarket’s inventory of approximately 4,100 units.
Luxury Tower Breaks Ground in Long Beach, CA
Shoreline Gateway, a 35-story development, will be the city’s tallest community. Construction is expected to be completed by the end of 2021.
Top 10 Largest Metro DC Multifamily Developments
Despite the vast majority of recently delivered communities being classified as luxury rentals, many of the biggest projects underway contain significant affordable components.
Music City’s Multifamily Build-Up
Wood Caldwell, principal at Southeast Venture and 40-year veteran of the metro’s real estate industry, shares his insights into Nashville’s development boom.
VA Apartments Command $90M
HFF facilitated the sale of a six-story, 173-unit multifamily property in Ballston, on behalf of a joint venture between The Penrose Group and Clark Enterprises.