Business Specialties
Construction Begins on Miami Luxury High-Rise
The apartment building is scheduled for completion in the first quarter of 2019. The owners have retained ZRS Management to provide leasing and management services.
Bernards Breaks Ground on 115 KSF Student Housing
The company is aiming for an August 2018 completion on the 114,970-square-foot facility at the University of La Verne. The project will be the first one in the university’s newly approved Facilities & Technology Master Plan.
Canadian Developer Lands $50M Florida Community
Cushman & Wakefield negotiated the sale of Cottage Cove, a 468-unit asset in Miami, Fla., on behalf of TM Real Estate Group.
Upcoming VA Community Lands $24M Construction Financing
Berkadia’s Senior Managing Director David Blake arranged a 40-year loan for the development of a 168-unit residential property in Christiansburg, Va.
Spectrum Breaks Ground on Charleston Development
The project is being built within the Cainhoy Plantation, a 9,000-acre, grocery-anchored, master-planned development. Leasing is expected to begin next spring, and the development is slotted for completion by fall 2018.
Equus Capital Partners Snags 500-Unit Atlanta Property
The company acquired Viera Briarcliff, a 500-unit garden-style apartment community in the coveted Druid Hills neighborhood on the east side of the city.
Extra Credit: Investing in Student Housing
The number of people enrolled in higher-education programs—20.5 million at the start of the current school year—explains much about investor interest in the student housing niche. Find out who’s buying and who’s lending now.
Related Group Opens Brickell Heights Highrise in Miami
The 690-unit Brickell Heights condo building, which is 100 percent sold out, includes a commissioned mural by Argentine artist Fabian Burgos.
Atlanta Communities Score $24M Financing
The Marquis Brookhaven Portfolio consists of two multifamily communities totaling 344 units. The borrower will be using the loan to refinance one property and purchase the other.