Cities
JLL Hires Midwest Multifamily Services Expert
Matt McCune is an investment sales professional with more than 10 years of experience. In his new role as senior vice president, he will advise on multifamily asset sales around central Ohio.
Millbrook Realty Capital Adds New Managing Director
Uanderson Benedetti will handle the origination of short-term bridge loans on multifamily properties, mixed-use buildings, condominiums and hotels, focusing on growing the company’s lending platform.
Interra Closes 3 Chicago Sales
The properties are located in the suburb of Evanston and two North Side city neighborhoods, Avondale and Rogers Park. The combined transaction price was $10.1 million.
Modern Spaces Tapped to Lease Brooklyn Mixed-Use
The transit-oriented BRiQ features 110 units, 22 of which offer 421-a tax incentives as part of New York City’s Inclusionary Housing Program.
Greystone Provides $21M for GA Property
Totaling a combined 388 units, the Woodglen and Forest Pointe communities offer a mix of one- and two-bedroom units. Carter Multifamily purchased Forest Pointe earlier this year.
Recently Converted AZ Senior Housing Lands $13M Loan
The owner of the 227-unit assisted and independent living facility purchased the asset as an Embassy Suites Hotel and repurposed it in 2016.
Knoxville Fights for Position
The city is in the midst of a rental housing revival, spurred by trend-defying economic development.
Carmel Partners Trades SF Asset
Pacific Urban Residential paid more than $40 million for the 69-unit property, with Berkeley Point Capital providing acquisition financing for the transaction.
OC Community Changes Hands in 1031 Exchange
An Avison Young team brokered the sale of Sundance West Apartment Homes. The buyer assumed an existing loan with Chase Bank.
YES Housing Launches Affordable Development in ABQ
Plans for the mixed-use project—anticipated to open in 2020—call for 88 apartments and between 80,000 and 90,000 square feet of retail.