Cities
Two Roads Joins Tampa Development Partnership
The firm will serve as partner and co-owner with Feldman Equities of Riverwalk Place, which will feature 10 stories of office space and 200 luxury condos.
On the Market: 5 Interesting Listings for the Week of 3/19
This week’s listings include a qualified contract-eligible LIHTC community in Louisiana, a new luxury community in Boston and a beachside property in San Diego.
Demand Dampens Amid Building Surge in Cleveland
Although underperforming against the U.S. average, the area’s multifamily market remains stable, fueled by the revitalization of the city’s core.
Sage Equities Lands Atlanta Refi
Grandbridge Real Estate Capital’s Alan Tapie originated the nonrecourse refinancing package of more than $25 million, which will enable the owner to implement energy and water efficiency measures.
MG Properties Buys 312-Unit Sacramento-Area Community
Located at 6801 Leisure Town Road in Vacaville, CBRE arranged a $55.9 million Freddie Mac acquisition loan for North Pointe Apartments on behalf of the buyer.
ERC to Build St. Louis-Area Luxury Apartments
The developer plans to break ground on the 220-unit high-end community in May this year and complete construction by early 2019.
Talonvest Secures $7M Acquisition Loan
The firm arranged the loan on behalf of Multifamily Investment Partners for a 42-unit community in Van Nuys, Calif.
Heavy Demand Powers Development Surge in Indianapolis
The apartment boom continues in the city, spurred by demographic factors and a strong economic engine.
PAC Sells $43M Suburban Raleigh Asset
Built in 1997, the 328-unit Lake Cameron was the oldest property in the company’s portfolio, having most recently traded in 2006 for just above half the current price.
Victor Group, Lendlease Top Out on NYC Skyscraper
The 55-story, ultra-luxury 277 Fifth Avenue condominium tower, designed by Rafael Viñoly, will feature 130 one- to four-bedroom apartments.