Business Specialties
CIM Sells Manhattan Luxury Tower for $80M
A joint venture purchased the 110-unit Madison Park Tower, a onetime hotel, using a $65 million acquisition loan from affiliates of Square Mile Capital Management.
Corporate Housing as a Cost-Effective Way to Boost Occupancy
Liudmila Davydiuk, director of business development for furnished apartment provider Churchill Living, explains the financial benefits of and the increasing demand for temporary furnished housing.
ZOM Living Breaks Ground on Dallas Luxury Community
Scheduled for completion in 2019, The Kinstead will be a 376-unit community in McKinney, Texas. ZRS Management will be in charge of leasing and management of the upcoming multifamily property.
Historic Lafayette Park’s First Luxury Community in 40 Years
DuCharme Place is a $45 million multifamily project inspired by architect Mies’ design of Lafayette Park, the historic district near which the community is situated. The 185-unit development was financed through a HUD loan, one of the only sources of financing for the few ground-up housing projects planned in Detroit in the early 2000s.
C&W to Market Luxury Boca Raton Community
Located at 850 Broken Sound Parkway, the community was completed earlier this year and features a mix of five-story elevator mid-rise buildings and two-story garage townhome units.
Dougherty Closes Cleveland Portfolio Loan
The Fannie Mae loan will refinance six market-rate properties, totaling 238 units. Dougherty’s Minneapolis office arranged the financing for borrower Central Real Estate Holding.
Everything but the Kitchen Sink
Government data provides us with telling characteristics of the 21 million apartments in the U.S., but there is much less data available on how apartment residents live in their homes and how those habits affect their energy consumption.
IEC Snags $34M San Diego Property
The company has acquired Verse La Mesa, a 133-unit, value-add multifamily asset in the La Mesa submarket.
Dougherty Mortgage Closes $10M Loan for San Antonio Sale
The company closed a 12-year Fannie Mae financing loan for the acquisition of a 168-unit community located in San Antonio’s North Loop submarket.
ArborCrowd Turns to Crowdfunding for San Antonio Asset
The online commercial real estate company and crowdfunding platform is seeking investors for Quarry Station Apartments, an Alamo Heights community formerly known as The Crescent.