Cities
BET Investments Develops Philly Asset
The property in Media, Pa., includes 162 units and an electric car charging station, a coffee lounge and a game room.
JV Buys 176-Unit Raleigh-Area Senior Community
Cushman & Wakefield brokered the sale of Woodland Terrace in Cary, N.C., comprising 104 independent living, 36 assisted living and 36 memory care units.
AIMCO Extends Philly Footprint With $445M Portfolio Buy
The company acquired six communities in the metro with a total of 1,116 units from Dranoff Properties. The deal is expected to close in the second quarter of this year, except for the purchase of one property that is expected to close in the first half of 2019.
Manhattan Condo Project Secures $72M
Highline Development Group’s property, 550 W. 29th Street, includes 19 units and more than 5,000 square feet of retail or gallery space.
HFF Arranges $133M Financing for 3 Bay Area Communities
The portfolio consists of the 158-unit Russell, the 70-unit Quimby and the 108-unit Field House, all in San Mateo.
Loukas Development Tops Off Chicago Mixed-Use
Designed by bKL Architecture, the 12-story Van Buren will comprise 148 luxury units and 7,500 square feet of ground-floor retail space.
LA Community Sells for $24M
HFF brokered the sale of Infinity West, a 43-unit property located in West Hollywood, on behalf of the seller, Bolour Associates.
Sterling Real Estate Snaps Up Austin Asset
A joint venture between Barker Pacific Group and Pacific Real Estate Partners has acquired the 230-unit Spring Valley Apartments.
Houston Property Completes Renovations, Opens After Hurricane Harvey
Kings Cove Apartments underwent $6 million in upgrades to the first-floor apartment interiors and several of the amenity spaces.
Waypoint Residential Nabs 4 Midwestern Properties
The company’s acquisitions include three market-rate communities in Chicago and Columbus, Ohio, and a student housing asset near the University of Kansas in Lawrence, Kan.