Cities
Cardone Capital Buys 507-Unit Houston Asset
Built in 1992, Woodway Square is a luxury community comprising 33 buildings. Its former owner—Fairfield Residential—will continue to manage the property.
Developer Secures $234M for LA Portfolio
G.H. Palmer has obtained cash-out refinancing for Medici and Orsini I, both luxury assets located downtown.
JV Buys 198-Unit MD Asset
Spirit Investment Partners and The Bascom Group acquired Tribeca at Camp Spring, located in the Washington, D.C., metro area.
Bell Partners Snaps Up SoCal TOD for $123M
Avaire South Bay, a 264-unit community that has been renamed Bell South Bay, includes a yoga studio, cyber cafe, game lounge and bike room.
Lincoln Ventures to Develop 236-Bed TX Community
The ADC loan for the 66-unit Austin student housing property, slated to open in 2019, marks the second financing deal closed by Highland Realty Capital and WPC Realty on behalf of the company in the past months.
CBRE Arranges $57M Financing for 837-Unit Portfolio
Bill Chiles, Scott Peterson and Brian Cruz of CBRE’s San Diego office worked on behalf of Strata Equity Group, which purchased three properties in North Carolina, South Carolina and Kentucky.
Boston Conversion Project Lands $160M in Financing
The Archer Residences at Beacon Hill is a redevelopment project of the former Suffolk University Law School buildings, set to bring 70 luxury condominiums to the Beacon Hill neighborhood.
San Diego Senior Housing Lands $82M Refi
Fannie Mae has provided its first Green Rewards loan for Paradise Village, a 394-unit Class A community in National City, Calif.
MIG Real Estate Buys Phoenix Community for $22M
Western Wealth Capital’s investors obtained an annualized return of more than 30 percent for the 216-unit Trails at Harris. The transaction represents the Canadian company’s 11th successful divestment to date.
Sales Brisk at Manhattan Development
Since the topping out of the first of three towers at the Waterline Square residential project in October, GID Development Group reports that the community represent the city’s fastest-selling new development by dollar volume and by the number of units sold in 2017.