Cities
$125M Luxury Tower Coming to Ft. Lauderdale
Developed by a partnership between Silverback Development and Bizzi & Partners, New River Central will feature 401 apartments. The joint venture expects to break ground in late 2018.
AMAC Lands Manhattan Property for $59M
The company plans to make upgrades to the mixed-use community, which includes 83 units and seven retail spaces.
Related Debuts, Breaks Ground on Luxury FL Communities
Expanding its Icon brand in Central Florida, the company unveiled Icon Harbour Island in Tampa and started construction on Icon Central in St. Petersburg.
CBRE Secures $321M Portfolio Sale
The nine-property portfolio includes communities located in Indianapolis, Memphis, Tenn., Oklahoma City and Cincinnati, totaling 1,803 units. Milhaus developed, constructed and managed the majority of the portfolio.
CBRE Indianapolis Names New EVP
Starting his career at CBRE in 1994, Steve LaMotte led the Central Midwest Multifamily and has been involved in the sale of more than $3 billion of apartment product.
HFF Secures $10M Financing for AZ Community
The apartment community is located with multiple golf courses and parks. According to Yardi Matrix data, monthly rent averages $1,008.
Wood Partners Commences Potrero Hill Development
The seven-story apartment community will contain 172 units along with 6,700 square feet of retail and additional PDR space on its ground floor.
Cameron Properties Sells Inland Empire Community
The property, featuring a mix of affordable rental units with street-level retail space, sold for nearly $5 million to a private investor.
Champion Cos. Developing New Community in Columbus
The apartment community will contain 64 one- and two-bedroom units, and the developer plans to complete the first units by fall 2018.
Dougherty Secures Acquisition Loan for DFW Community
Representing TS Asset Toscana, Dougherty Mortgage closed a Fannie Mae acquisition loan for Toscana Apartments, a market-rate community in Bedford, Texas.