Business Specialties
HFF Secures $47M Loan for OR Luxury Property
Ira Virden, Mark Erland and Matt Benson of the company’s equity placement team worked on behalf of the developer to secure the loan.
8-Property ID Student Housing Portfolio Trades Hands
Marcus & Millichap secured the buyer and seller for the Rexburg properties, which are all near Brigham Young University-Idaho and include a total of 1,546 beds.
GA Luxury Community Receives $13M
Air Realty will improve ThePad on Harvard in College Park, a 109-unit community built in 2016 that is currently 96 percent occupied.
Senior/Multifamily Luxury Community Approved in Dayton
The development will provide 242 senior living and 276 multifamily units. The Grand of Sugarcreek, the retirement component, is scheduled to break ground in the third quarter of 2018.
Middleburg Names New Regional Property Manager
Danielle West brings more than 15 years of experience to the firm and will be responsible for managing the company’s newly developed communities.
Timberland Breaks Ground on MN Asset
The 222-unit Elevate at SouthWest Station Apartments, located in the Twin Cities suburbs, is scheduled for completion by August 2019.
$300M Tower Coming to Miami
Okan Group will begin construction on Okan Tower this fall. The mixed-use project marks the Turkish developer’s first project in the U.S.
Progress Capital Lands $26M for Mixed-Use Jersey City Project
The development, which is being built on the site of the former Fairmount Hospital, will feature 99 luxury apartments and 2,240 square feet of ground floor retail.
Lincoln Property Secures $96M for VA Asset
The 403-unit Meridian at Carlyle in Alexandria will be rebranded as Lincoln at Old Town and includes a putting green, a billiards room and on-site dry cleaning.
Greystone Sells Brooklyn Asset for $10M
The company acquired the landmarked property, built in 1910 as Public Bath No. 7, in 2014, then undertook and completed a substantial renovation of the Renaissance Revival-style structure.