Business Specialties
SmartStop Affiliate Completes $43M Offering of Reno Student Housing
Reno Student Housing comprises The Summit, a 709-bed asset near the University of Nevada. The LEED-certified seven-building community is 97 percent leased.
Russo Starts Work on Mixed-Use Project in Northern NJ
Phase I of Vermella Union includes 462 rental apartments, 65,000 square feet of indoor/outdoor amenities and 40,000 square feet of retail space.
NRP Group Launches Third-Party Construction Unit
NRP Construction will be involved in residential construction projects in Texas. The company’s specialty is design-assist and design-build.
Meridian Arranges Loan for MI Luxury Property
The 10-year fixed-rate CMBS financing was secured on behalf of The Harrison, a community located in Royal Oak, Mich.
4 Benefits of Remote HVAC Managed Services
Having this service can ensure the goals of the facility are met by providing a highly skilled operations team to provide regular monitoring and validation of your systems’ operation.
Waterton Acquires Miami Community for $59M
Soleste West Gables Phase II is an eight-story, 221-unit Class A apartment community in West Miami, Fla. The company secured the property from a joint venture of Estate Investments Group, Fortune Capital Partners and the Mattoni Group.
PA Properties Land $26M
The two assets are situated in Lancaster and Hershey, Pa., and feature 160 units each. Colliers’ capital markets team secured five-year fixed-rate loans for both properties.
2 Phoenix Assets Trade Hands for $7M
CBRE brokered separate deals for The Markley in east Phoenix, which includes 27 units, and Twin Palms near downtown Phoenix, which includes 20 units.
Philly’s Presidential City Gets Full Makeover
The luxury community features an upscale swimming resort called Sora Pool Club among other amenities. The property is currently 90 percent leased.
IPA Brokers Sale of Rio Grande Valley Asset
Executive Director Will Balthrope, Senior Director Drew Kile and Associates Jordan Featherston and Joey Tumminello represented the seller and procured the buyer, Presidium. American Agape Foundation is the former owner of the 288-unit property in Harlingen, Texas.