Cities
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.
KWK Architects to Design Student Housing at UNC Charlotte
The community will replace the existing Sanford and Moore halls. The residence hall will include a mix of apartments and suites, as well as offices and academic-support spaces.
Crossgate Partners Launches Luxury FL Community
Project updates of the six-condominium development on Siesta Key, Fla., include a FEMA permit for a seawall enhancement. Océane is set to break ground this month.
Ziegler Closes $95M Financing for Austin Asset
The five-star, CMS-rated community encompasses 301 independent living units, assisted living suites and nursing beds, sponsored by the alumni association of the University of Texas.