Cities
The Carolinas in 2018: What to Expect
ARA Newmark Vice Chairman Dean Smith spoke with MHN about the type of investors the region will likely attract in 2018, as well as which submarkets will capture developers’ attention.
Austin-Area Nursing Community Changes Hands
HFF negotiated the sale of Park Manor at Bee Cave, a 140 post-acute skilled nursing community located on the western outskirts of Austin.
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.