Cities
Greystone Provides $36M for MI Asset
Gables of Troy, a 544-unit community in metro Detroit, will receive a HUD-insured Green Rewards refinancing loan. The 35-year mortgage carries a low, fixed interest rate.
Arbor Realty Adds New SVP
Bill O’Brien will oversee the growth and development of agency production after serving for 10 years as director of multifamily at Fannie Mae.
Colliers Arranges $26M Miami Land Sale
Executive Vice Presidents Gerard Yetming and Mika Mattingly represented the seller, RAD Miami, in the disposition of the roughly 6-acre vacant parcel.
Top 5 NYC Multifamily Sales
PropertyShark compiled the top 5 multifamily sales recorded in April 2018 in New York City.
Stockbridge Snags $120M FL Community
Walker & Dunlop represented HG Management in its disposition of The Quaye at Wellington, one of the highest per-unit sales for a garden-style community in Florida.
Kidder Mathews Negotiates Sale of 24-Unit Community in San Diego
Located at 1770 Evergreen St., in the city’s Point Loma Heights neighborhood, the 1965-built property features a mix of one- and two-bedroom apartments.
RADCO Trades Atlanta Property for $24M
Strategic Holdings financed the acquisition of the 161-unit property with a $19.9 million Freddie Mac loan.
82-Unit Redevelopment Property Debuts in NJ
The Hampshire Cos., Claremont Cos., NAI James E. Hanson and Provident Bank began work on an 119,000-square-foot building in Hackensack. The asset is part of the city’s rehabilitation plan.
Kairoi Residential Buys Again in Texas
The company continues its lively acquisition pace with the purchase of a 308-unit community in Houston Heights.
Radnor, Harrison Street Pick Up Pittsburgh Student Housing
The partners acquired the 314-unit high-rise at Duquesne University for $23 million and will modernize the half-century-old community over the course of four summers.