Cities
Berkadia Facilitates $133M Seattle-Area Sale
Senior Managing Director Kenny Dudunakis and Directors Ben Johnson and David Sorensen represented the seller of the 485-unit Shoreline community.
Miami Worldcenter’s First Residential Tower Tops Off
Scheduled for completion this fall, CAOBA will feature a wide array of amenities, including private balconies with views of Biscayne Bay and the downtown skyline.
Pathfinder Expands Phoenix Footprint
The company acquired Vintage Apartments for $18.6 million and Avalon Apartments for $13.7 million, with plans to renovate both communities.
Hudson Capital Buys 512 Units in NC, GA
The company purchased two communities—Cary Reserve at Weston and Willow Trail—for $66 million, with the aim of investing an additional $7 million for capital improvements.
Community Builders Procures $38M to Develop NY Apartments
Cottage Place Gardens Phase III is a 70-unit, mixed-income property in Yonkers. The project involves the replacement of a 1940’s housing project and a deteriorated townhouse.
Jacksonville Powers Through
A relatively limited amount of new multifamily construction in Northeast Florida has kept the occupancy rate above its historical average, presenting opportunity for increased rent growth.
HFF Secures $28M Refi for OR Community
Director Scott Gilson and Associate Charlie Watson, both on the firm’s debt placement team, represented the borrower of the 10-year loan, which was placed with Freddie Mac’s Capital Markets Execution (CME) program.
JV Develops $36M FL Senior Housing
Housing Trust Group and Miami Jewish Health Systems are constructing Douglas Gardens V, a 110-unit community in Pembroke Pines.
Chicago Apartments Achieve LEED Gold
M&R Development’s The Residences of Wilmette, which has 75 units, opened in October. The property features a green roof with drought-resistant vegetation and environmentally kind flooring, paints and sealants.