Cities
Leasing Underway at FL Live-Work-Play Community
Allen Morris Co.’s Maitland City Centre includes 244 units and 10 offices, as well as an outdoor yoga area, a wet bar and a rooftop dog run.
Pathfinder Partners, Lanshire Complete CA Townhomes
Bahia Vista II in Chula Vista offers 16 townhomes and a tot lot, a paved trail and private patios. The community is scheduled for completion by August 2018.
Supply Wave Softens Demand in Queens
This year’s multifamily development is expected to reach a cycle peak in the borough, which continues to benefit from Manhattan’s prohibitive prices.
Hamilton Zanze Makes First MD Buy
The company acquired the 404-unit Kingscrest Apartments in Frederick for $64.3 million and plans to invest $4.2 million to renovate it.
2 GA Student Housing Assets Receive $30M Recap Loan
The properties operate as one community, total 366 units and serve students attending the University of Georgia, which is located three miles away.
Marcus & Millichap Arranges Sale of Uptown Minneapolis Asset
Colfax Avenue traded for $1.4 million. GLT Partners’ Mox Gunderson, Dan Linnell, Josh Talberg and Abe Roberts acted on behalf of the seller and also secured the buyer.
Marcus & Millichap Brokers Sale of New FL Asset
The Alexander at Sabal Point is a 286-unit multifamily property in the Sabal Point community of Longwood. Casey Babb worked on behalf of the buyer in this deal.
Canadian Investor Buys $46M Phoenix-Area Asset
The 360-unit community in Chandler last traded more than a decade ago, when PEM Real Estate acquired it as part of a portfolio deal.
JV Debuts DC Affordable Housing
Developed by Somerset Development Co., New Community Partners and Jonathan Rose Cos., Portner Flats features 96 units and a playground, a fitness center and a community garden.
Kaplan Taps Prescient for 336-Unit Atlanta Tower
Prescient’s Digital Thread technology will be used to efficiently deliver the belated project. The BIM system is expected to cut development costs, risks and deliver a superior product.