Business Specialties
Jonathan Rose Begins Leasing Brooklyn Community
Caesura, named after a pause in the middle of a line of music or poetry, features 123 studios and one- and two-bedroom apartments, in addition to 34 furnished micro units. Move-ins will begin in February 2018.
Chicago Apartment Tower Lands 3 Green Globes Certification
Green Building Initiative awarded the title, a commercial building designation equivalent to LEED Gold, to Fifield Realty Corp.’s NEXT Apartments, located in the River North neighborhood.
BSR Trust Grabs 474-Unit Dallas Property
Invesco Real Estate sold Windhaven Park Apartments in Plano, Texas, and JLL arranged the acquisition financing on behalf of the new owner.
FL Multifamily Property Lands $50M Loan
Walker & Dunlop Inc. has structured a loan for Matthews Crossing, 1,103-unit, Class B multifamily community in Jacksonville, Fla., near The University of North Florida and Jacksonville University.
27-Story Atlanta Tower Tops Out
Gilbane Building Co. has reached the final phase of construction on 1000 Park Avenue, a 267-unit project. It is scheduled to open in May 2018.
MGPG Buys 456-Unit San Diego-Area Community
Waterleaf is a low-density garden-style property featuring one- and two-bedroom apartment units. CBRE secured a $76 million Fannie Mae acquisition loan.
Stamford Community Commands $67M
TH Real Estate sold The Wescott Apartments in Stamford, Conn., to a New Jersey-based investor, while Pensam Residential and Freddie Mac provided a preferred equity investment to facilitate the acquisition.
Facebook Marketplace Gets Into Real Estate
Marketplace continues to be a big focus for Facebook, which intends on turning its social network into a portal for everything, from checking the weather and buying movie tickets to now listing your apartment or home.
Woodmont Breaks Ground on Luxury NJ Community
Woodmont Bay Club Bayonne will comprise 220 units spanning four acres. Construction is slated for completion in the spring of 2019.
Vitus Revamps Miami Affordable Housing
After purchasing Hadley Gardens earlier this year, Vitus recently completed the $5.4 million renovation of the five-story building.