Business Specialties
Public-Private Partnership Brings 878 Student Housing Beds and 110KSF Office Building to Columbia
Student housing continues to enjoy an upswing in South Carolina, with Columbia being at the foremost of student housing activity. And a new public-private partnership between the University of South Carolina (USC) and Atlanta-based Holder Properties will spice things further up.
Wood Partners Breaks Ground on Miami Apartments
Wood Partners L.L.C. has broken ground on Alta Dadeland, a $128 million mixed-use development with 431 apartment units and 2,000 square feet of retail space next to the Dadeland Mall. The development will also be close to two Metrorail stations.
TODAY’S DEALS: Johnson Capital Arranges a $29.66M Construction-Permanent Loan
Johnson Capital secures a $29,660,000 construction-to-perm FHA Section 221(d)(4) loan; and Henry S. Miller Cos. brokers sale of 77 acres of land.
The Beach Company and MWV Developing Summerville, S.C. Community
The Beach Company and MWV have formed a joint venture to develop Parks at Nexton, a planned 320-unit apartment community in the 4,500-acre Nexton community in Summerville, S.C.
TODAY’S DEALS: Haley Real Estate Makes $82.2M Acquisition of Multifamily Communities in Texas, Alabama and Georgia
Haley Real Estate Group, an Omaha, Neb.-based investment firm, announced the acquisition of six multifamily properties; and NorthMarq Capital arranged a $10.66 million Freddie Mac refinancing.
Canyon Finances Palo Alto LEED-Certified Mixed-Use Project
Canyon Capital Realty Advisors has provided a loan for the construction of The College Terrace Centre by College Terrace Centre LLC.
Humphrey’s & Partners Sees a Strong Pipeline, Increase in High-Rise Projects
In spite of all the recent construction activity, the apartment market is still supply constrained and should post another year of strong fundamentals, according to panelists on the ‘2014 Kick-Off Webinar for Apartment Development’ hosted by Humphreys & Partners Architects.
Atlanta-Area Apartments Sell for $30M
Bexley Apartments has traded hands for $30.6 million. Carroll Organization, a privately held company specializing in multifamily real estate, acquired the 494-unit property in Marietta, Ga., from Arenda Capital.
Mack-Cali, Ironstate Break Ground on Jersey City High-rise
Mack-Cali Realty Corporation and joint venture partner Ironstate Development Company broke ground in mid-January on URL Harborside 1.