Business Specialties
HFF Closes Recap of NC Community, Arranges New JV Equity
The Dickson family will co-own Solis Ninth Street with Blue Heron Asset Management LLC. Terwilliger Pappas Multifamily Partners sold its stake in the 229-unit property.
Allen Morris Opens LEED-Certified Tampa Bay Community
Located in the heart of downtown St. Petersburg, the $73 million, 348-unit community’s 103 units are already leased. One of its highlighted amenities include a dedicated gallery space in collaboration with the Morean Arts Center.
Bellevue TOD Launches with Luxury Community
Security Properties opened the 309-unit Sparc Apartments in the Spring District of the Washington city, just minutes away from major companies such as Google, Microsoft, Expedia and T-Mobile.
Marcus & Millichap Leads San Diego County Community Sale
A family trust sold Villa Quixote, a 78-unit apartment community in Escondido, Calif., for $11.8 million. The community was built in 1969, presenting the buyer with an opportunity to renovate the property and raise rents.
WinnCos. Preserves NJ Affordable Housing
The company joined with Greater Bergen Community Action to complete a project that will preserve affordable housing for 400 residents for 30 years in Jersey City.
Silvershore Properties’ Queens Community Up for Grabs
Jason Silverstein and David Shorenstein’s firm has selected a team from Greysteel to market the sale of a 20-unit apartment building located in Queens’ Elmhurst neighborhood.
Avanath Acquires Brooklyn Portfolio
The company, in partnership with Oak Tree Management, acquired a 17-building affordable housing portfolio with 198 units for $73 million.
Leasing Starts at New Hell’s Kitchen Luxury Condos
Taconic Investment Partners and Mitsui Fudosan America are developing the project at 525 W. 52nd St., which includes 35,000 square feet of amenities.
EBSCO Refinances 2 Southeast Properties
The company received $61.6 million from Capital One in Fannie Mae fixed-rate loans to refinance communities in Tennessee and North Carolina.
PA Senior Living Community Expands
Windy Hill Village, a Presbyterian Senior Living community in Philipsburg, broke ground on a 48-unit rental apartment building. R.S. Mowery & Sons is the project’s contractor.