Business Specialties
Durham Liberty Warehouse Trades for $69M
East West Partners sold the asset to a New York-based investment company. The former brick warehouse has been transformed into a 247-unit residential project that also includes 24,000 square feet of retail space.
Capstone Adds 7 More to Texas Portfolio
The firm has been awarded management responsibilities for seven communities in the Texas area, rising its portfolio to roughly 38,000 units.
Skanska Invests $41M in Finland Residential Project
The three-phase development called Gustaf Wilhelm will break ground in June 2017 and is expected for completion in the second quarter of 2019.
HFF Secures $50M Loan for NJ Community
The company arranged the long-term fixes-rate loan on behalf borrower Capodagli Property Co. The 222-unit transit-oriented community offers convenient access into New York City and other major employment hubs.
PAC Sells 300-Unit Dallas Community
Steadfast Cos. paid about $44 million for Enclave at Vista Ridge, a Class A community located in a northwestern suburb of Dallas. The sale was subject to a $29.1 million Fannie Mae loan.
Richmond Assets Trade for $6M
Marcus & Millichap brokered the sale of The Park at Forest Hill and Chateau de Ville, two properties totaling 119 units. The communities are located within a three-minute drive of each other.
Optima Tops Out on Scottsdale Luxury Condo Tower
Move-ins for first residents at 7120 Optima Kierland are scheduled for early 2018, while all residences are expected to be completed in August 2018.
Capital One Brokers $9M Loan for SC Community
The loan was used for the acquisition of The Terrace at Butler, a 132-unit property in Greenville. New York-based Ladder Capital provided the loan for Engel Realty Co.
IRT Nabs 160-Unit Kentucky Asset
The real estate investment trust paid $14.2 million to purchase Haverford Place, a community in the heart of Georgetown.
Work to Begin on Sunny Isles Beach Condo Project
Developer Verzasca Group and the Aurora sales team are moving to a new location in order for demolition to begin on the existing sales center.