Business Specialties
Passco Lands $31M Loan for MS Community
KeyBank originated a Fannie Mae first mortgage loan for the acquisition of The District Lofts in Jackson, Miss. The loan is fixed-rate with a 10-year term and a five-year interest-only period.
Colliers Arranges $11M Sale of Affordable FL Asset
Senior Vice President Kevin Morris worked on behalf of both parties in the disposition of Grande Court North Port, a fully leased 128-unit community.
Optima Breaks Ground on Luxury Community in AZ
The company has broken ground on phase II of Optima Kierland Center in Scottsdale, which will include 202 units. The project is slated for completion in 2020.
In Case You Missed It: MHN’s Top 5 Posts in September
Miss out on any of our articles? Catch up with five of our most popular posts for the month.
GAIA Acquires 90 Condo Units in Manhattan
The firm paid $53 million for the apartments located within Bridge Tower Place, a luxury building on the Upper East Side.
Meet Freddie Mac’s Newest SVP
Steve Lansbury joined the financier two decades ago. He will replace Deborah Jenkins, who will also be promoted to executive vice president.
Multifamily Design Trends: Workspaces in the Lobby
Color, functionality and a social atmosphere are three very important aspects when designing a community for the younger generation, according to Jules Escalona, art director at Straight Designs. Another key feature is the revamped version of the classic business center.
Standard Communities Upgrades San Jose Senior Housing Community
The affordable housing division of Standard Cos. renovated Villa de Guadalupe Apartments, preserving the property’s affordability. The three-story asset serves low-income seniors.
LandSouth to Break Ground on FL Luxury Asset
Integra Land Co.’s Addison Pointe in Melbourne will include 370 units and a yoga studio, a cyber cafe and a sports lounge.
IPA Arranges $23M Sale of FL Lakefront Development Site
Marcus & Millichap worked on behalf of the seller. The new owner intends to break ground next year on a luxury senior living community.