Business Specialties
Loukas Kicks Off Construction at Chicago Luxury Tower
The 148-unit building will be located in the Greektown neighborhood of Chicago’s West Loop. Additionally, the property will offer 7,500 square feet of retail space.
Michaelson Lands 2nd TN Community in Less Than a Month
Michaelson Real Estate Group and Eklund Development acquired Viera Cedar Bluff, a 184-unit community in Knoxville. The deal is part of a portfolio that also included 520-unit community The Metropolitan.
ARA Newmark Closes Sale of San Antonio Community
The 320-unit Grand at the Dominion is located in northwest San Antonio and was 94 percent leased at the time of the transaction. The asset was acquired by Bluerock Real Estate.
Audubon Redevelops, Sells 3 Atlanta Properties
The company invested nearly $23 million in upgrades to the properties and sold the portfolio for $77 million. Cushman & Wakefield represented Audubon in the transaction.
CDP Opens Affordable Senior Community in SF Bay Area
The Huntington is a 114-unit property in Morgan Hill, restricted to residents earning 50 to 60 percent of the area median income. KTGY Architecture + Planning designed the project.
Lowe Begins Construction on Newest WA Development
The 286-unit Talisman in Redmond, Wash. is set to anchor the Redmond Town Center’s mixed-use development. The property will also include 9,400 square feet of ground floor specialty retail shops.
Pure Expands TX Portfolio With $66M Acquisition
Alliance Residential sold Farmers Market Apartments, a 340-unit community in Dallas. The new owner plans to rebrand the property as PURE Farmers Market.
Blue Roc Lands $14M Refi for Tampa-Area Community
Hunt Mortgage Group secured a Fannie Mae loan for Park at Verona in Lakeland, Fla. Blue Roc has completed $2.6 million in capital improvements for the community since its acquisition in 2012.
LeFrak Completes $70M Reno of Queens Community
The firm’s five-year capital improvement program has come to an end, bringing the 4,600-unit, 20-building LeFrak City community to a new level with a series of infrastructure and amenity upgrades.
Berkadia Completes $35M Sale in SoCal
Metro 102 Apartments, an affordable apartment community in Ontario recently changed hands for $35 million. The purchase was capitalized primarily with foreign investment money.