Cities
Greysteel Arranges TX Community Sale
The company’s Doug Benerjee, Boyan Radic, Andrew Mueller, Andrew Hanson and Jack Stone closed the deal on behalf of the seller.
Pathfinder Snags 125-Unit Seattle-Area Community
The company purchased Astoria Apartments—located in the Fife submarket—for $18 million and is planning extensive renovations of the 36-year-old asset.
LA Senior Housing Breaks Ground
Related Cos. and Community Development Corp.’s The Curve @ West Angeles will have 70 units, including 29 for very-low-income residents.
Republic Properties Acquires $78M VA Asset
CBRE arranged the sale of Crystal Woods of Alexandria, a value-add community that offers a fitness center, 25 laundry facilities and 450 parking spaces.
Demand Keeps Up With Supply in Phoenix
Healthy employment and demographic trends are boosting multifamily demand in the Valley of the Sun, where rent growth is expected to reach 5.0 percent this year.
ZOM Living Starts Construction on Dallas Luxury Community
Upon completion in 2020, ATELIER will include 364 luxury units, 41,000 square feet of amenity and retail space, and a 10-story parking garage.
IPA Brokers 2,000-Unit TX Portfolio Deal
The Marcus & Millichap division represented the seller, a Canadian investor, and also procured the buyer. The portfolio traded for the first time in 28 years.
American Landmark Snags Dallas-Fort Worth Asset
A team from Berkadia’s South Florida and Philadelphia offices arranged $32.9 million in financing to purchase Advenir at Mansfield. The new owner intends to renovate the 334-unit property.
CA Property Sells for $16M
Avison Young has arranged the sale of the 28-unit property located in Culver City, approximately 10 miles from downtown Los Angeles.
IPA Brokers Sale of San Antonio Value-Add Community
JBT Investments purchased Fredericksburg Place with the help of a loan from Deutsche Bank. The asset was more than 90 percent leased at the time of sale.