Business Specialties
High-End Asset Breaks Ground in LA
Urban Architecture Lab began work on Variel Apartments, a 277-unit luxury property in Canoga Park’s Warner Center. The project will be completed in the fall of 2019.
Berkshire Group Debuts 2 Boston Towers
The company developed The Benjamin and VIA, part of the $600 million One Seaport development, the largest mixed-use project in the area in more than 30 years.
Greysteel to Market 2 Dallas Properties
The Bailiwick and Tree Top include a total of 100 units and are roughly 50 years old.
HFF Arranges Financing for Denver Property
Located in Colorado Springs, Peak 4420 received a 10-year, fixed-rate loan. The 209-unit community had an occupancy rate of 99.5 percent as of August.
Raleigh Luxury Community Welcomes First Residents
The Carolinian on Glenwood is a 186-unit property built by Clancy & Theys Construction Co. Stiles Residential Group and Grubb Ventures have leased the first units of the asset.
JV Lands $40M Twin Cities Affordable Community
Aeon and The Community Development Trust purchased Seasons Park Apartments, a 422-unit community in Richfield, Minn. The transaction marks Aeon’s largest acquisition and the second-largest investment for CDT.
Denver Workforce Housing Commands $53M
Oak Coast Properties acquired the majority interest in the 384-unit Villas on 76th, increasing its hold in the area to 3,000 units.
Walker & Dunlop Closes $1.9B Acquisition for Greystar
The company financed Greystar’s acquisition of Monogram Residential Trust, including 36 distinct loans on properties throughout the U.S. This represents the largest financing in Walker & Dunlop history.
Peak Campus Launches Theory Brand
The company is introducing its brand at two new student housing developments in Raleigh, N.C., and Syracuse, N.Y. Theory Raleigh and Theory Syracuse are slated for completion by the fall of 2018 and will feature a combined 1,126 beds.
Southern Land Opens First Denver Community
The 302-unit luxury property is located a few miles northwest of downtown Denver, in close proximity to the Denver International Airport. Centric LoHi also offers approximately 9,300 square feet of retail space.