Business Specialties
JV Acquires Portland-Area Community for $12M
Jordan Carter, Tyler Linn, Clay Newton and John DeJager of Kidder Matthews represented the buyer.
Minnesota Affordable Property Gets $42M Refi
Aeon, Community Development Trust and Minnesota Housing closed the financing for a 422-unit community located within a few miles of Minneapolis-St. Paul International Airport.
Luxury Multifamily Project Wraps Up Near Milwaukee
McShane Construction Co. built The West Living, a 177-unit upscale community in West Allis, Wis.
NIC’s 2020 Fall Conference Highlights
The event’s three days covered a broad range of topics, from the pandemic’s impact on design to the forgotten middle market.
Kushner Acquires Richmond-Area Portfolio in $113M Deal
The three-asset portfolio last changed ownership in 2016 for $68.5 million.
Electra Capital Provides $92M Loan for Florida Luxury Community
The financing will enable Elevate Partners to lease up its newly built multifamily tower in Fort Lauderdale.
Coral Rock Scores $54M Loan for Miami-Area Project
The construction financing will help bring 260 residential units to Pura Vida Hialeah, a nine-acre mixed-use development.
Hines Launches Multifamily Management Firm
Willowick Residential will oversee the developer’s growing portfolio of apartment projects, starting with nine communities in Texas and Chicago.
BLDG Management Lands $289M Loan for Manhattan Tower
The owner secured the loan for its 429-unit, partially affordable apartment community in Midtown.
HPI Residential Opens New Austin Community
In 2018, the company received a $25.1 million development loan from Texas Capital Bank for the project.