Business Specialties
Hilltop Residential to Acquire TX Apartments
Landmark of Conroe, a 200-unit garden-style community with a car wash, a basketball court and a pool, will receive capital for renovations.
Fifield, Terraco Break Ground in Chicago
Dubbed Logan’s Crossing, the building in Logan Square will feature 220 units and a 27,000-square-foot Target store, in addition to other commercial tenants on the ground floor. The residential component is slated to open in November 2019.
Meridian Capital Group Arranges $46M for NJ Community
Castle Lanterra Properties’ property, called The Lena, in Raritan includes 224 units and fitness on demand, underground parking and an automated package system.
NorthMarq Multifamily Brokers 120-Unit NM Sale
The community represents the buyer’s first acquisition in Albuquerque. The 10-building asset traded for $7.5 million, with Berkadia arranging the Freddie Mac acquisition financing.
Related, Rockpoint to Launch $2B Value-Add Program
The partnership will concentrate primarily on the Florida market but will also search for opportunities within other successful metros, including Atlanta, Phoenix and Dallas.
Franklin Street Facilitates $2M Miami Sale
Oscar Banegas, Kameron Djamal and Dan Dratch represented the seller in this transaction. Director of Capital Advisors Tony Gannacone secured financing for Sabal Capital Royal Palms Apartments.
Marcus & Millichap Brokers San Diego-Area Buy
Chris Zorbas, senior managing director with Marcus & Millichap, represented the seller in this deal, while ACI Principal Terry More worked on behalf of Paolo & Elisa, the buyer.
ACI Arranges Sale of Small San Diego Community
Principal Terry Moore represented the buyer, while South Coast Commercial Vice President Ben Vogelsang worked on behalf of the seller in this $1.6 million deal.
Stamford Waterfront Community Opens Doors
Building and Land Technology’s Harbor Landing Apartments sits within a mixed-use development encompassing restaurants, a new boatyard, marina and a boardwalk.
Effective Management Tips for Small Operators
Sunrise Management’s newest hires reveal insights about increasing the efficiency of building operations and how technology is becoming a must when it comes to managing a small community.