Business Specialties
Hines Begins Construction on New York Luxury Development
Northlight at Edge-on-Hudson will feature 246 units as part of a $1 billion mixed-use project in Sleepy Hollow, a suburb of New York City.
Bain, Magnolia Capital Launch $900M Multifamily Venture
The two firms will focus on acquiring value-add properties in primary and secondary markets across the country.
Multifamily Sales Trending Up: Newmark
Quarter-over-quarter transaction volume increased 55.9 percent, the strongest sequential gain since 2011, according to the firm’s Q3 Capital Markets Report.
Marcus & Millichap Brokers $10M Tampa Sale
Casey Babb, Luis Baez and Shawn Rupp facilitated the sale of the 56-unit Lois Landing community.
Raleigh Apartment Project Receives $29M Loan
Cadence Bank and Atlantic Bank provided construction financing for the 248-unit development.
Taurus Investment Pays $65M for Orlando Apartments
Berkadia originated nearly $50 million in Freddie Mac financing on behalf of the buyer.
Greystone Provides $59M Refi for Florida Townhome Community
Managing Director Dan Sacks closed the Freddie Mac financing for the 306-unit community in northern Naples.
JV Buys Suburban Kansas City Community for $48M
Fogelman Properties sold the 254-unit Savoy Luxury Apartments in Overland Park, Kan., after a seven-year ownership.
Centennial Management Lands $20M Refi for Miami-Area Affordable Community
Greystone provided the HUD-insured loan for the 244-unit property in Pembroke Park, Fla.
Boyd Wilson Lands $20M Fannie Mae Financing
The 10-year loan will retire existing construction debt at a 170-unit apartment community in Lebanon, Pa.