Business Specialties
JV Breaks Ground on Upscale Dayton-Area Apartments
Mills Development and Hills Properties began work on a 312-unit community adjacent to Cross Pointe Shopping Center in Centerville, Ohio. The project will be known as Allure Luxury Apartments.
How to Approach Mixed-Income Communities
Director Mark Joseph and Project Manager Taryn Gress of the National Initiative on Mixed-Income Communities shared their research on the mixed-income housing strategy.
Arbor Realty Appoints New VP
Sam Gold will be in charge of Freddie Mac SBL, Fannie Mae and FHA loan originations for clients in the Midwest. He will be based in the company’s Chicago office.
JV Acquires DFW Apartments
Warba Bank and Courtland Partners secured Suite 2801, a 417-unit community in Euless, Texas. The community was developed in 2013.
Greystone Brown Closes Sale of Atlanta Community
The team of Barden Brown, Chandler Brown and Cory Caroline Sams worked on behalf of seller Alexander Properties Group in the $49 million transaction.
CBRE Brokers Sale of Ft. Lauderdale-Area Community
Still Hunter and Chris Smiles of CBRE’s South Florida Multifamily Capital Markets team worked on behalf of the seller in the transaction, while Freddie Mac originated the acquisition financing.
Sales Start for NJ Luxury Waterfront Condos
The two-building Park and Shore is Strategic Capital’s first Jersey City development and the Newport neighborhood’s first condominium project in the last eight years.
Berkadia Secures $96M for PA, VA Properties
The company’s HUD team secured financing for three properties: $67.1 million for two properties in Philadelphia, the largest HUD 223(f) loans originated in the area in the last five years, and $29.1 million for a property in Richmond, Va.
Provident Realty Lands $122M for Historic Houston Mixed-Use
HFF secured a floating-rate bridge loan through TPG RE Finance Trust. The financing will be used for redeveloping The Star, which will feature 286 units.
Electra America Buys 5th San Antonio Property
Built in 2013, Pecan Springs is a 344-unit garden-style community. The property is currently 95 percent occupied.