Cities
Sares Regis Picks Up San Diego Asset
The company financed the acquisition of the 344-unit property with an $80 million loan, which will also be used to fully redevelop it.
Interra Realty Arranges Chicago Community Sale
Managing Partner Brad Feldman and Director Adam Saxon represented the buyer of a vintage 32-unit building located in the Uptown neighborhood.
JV Lands $110M for GA Community
Mesa West Capital provided the five-year, floating-rate loan to KKR and Carter-Haston for the off-market acquisition and stabilization of Juncture, a 560-unit property in Alpharetta.
Upscale Units Drive Rent Growth in San Jose
The metro’s affordability issues are likely to continue, since multifamily developers are focusing on high-end assets, which are more profitable than working-class units.
KeyBank Arranges $248M for LA Student Housing
G.H. Palmer Associates’ Lorenzo serves students attending the University of Southern California, Loyola Law School and the Fashion Institute of Design and Merchandising and is currently 95 percent leased.
Demand Eclipses Rising Supply in Orange County
Steady job gains and a high barrier to homeownership maintain a strong multifamily demand in the area, giving landlords the pricing power.
UAH Promotes New President
Susanne Kleins brings more than 30 years of property management experience to the role, previously serving as the firm’s COO.
InterCapital Group Snags Suburban Atlanta Asset
The buyer purchased the 230-unit property using nearly $23 million in Fannie Mae acquisition financing originated by Greystone.
NorthMarq Capital Arranges $14M Refi for Phoenix Luxury Property
Union at Roosevelt, an 80-unit luxury community just north of the city’s downtown, was completed in 2017 and reached full occupancy in March.
Diluted Inventory Moderates Growth in Manhattan
Due to a quick increase in rental unit and condo development, rents and per-square-foot prices are sliding in the prohibitively priced market.