Cities
CapitalSource Provides Construction Loan for CA Asset
The Nexus will offer 70 units and 238 beds, including a few affordable apartments. The community is in close proximity to University of California, Berkeley’s main campus.
Fulton Hill Properties Breaks Ground on Richmond Project
Artisan Hill will be a 204-unit community adjoined by an artists’ gathering place. The development, located at 1000 Carlisle Ave., near several parks and trails, is slated for completion in 2019.
Cleveland Hotel to be Converted Into Senior Housing
The Lake County Ohio Port and Economic Development Authority completed a $49 million bond financing packaging for Tapestry Wickliffe to transform the building.
S2 Capital Buys 2 Houston Communities
S2 Capital acquired Avalon at Royal Oaks and Village at Uvalde from One Real Estate Investment. The two properties, totaling 882 units, traded for more than $60 million.
Upscale Tampa Community Scores $48M Loan
The recently completed 381-unit Peridot Palms is located in St. Petersburg and previously benefited from a $42.7 million loan originated by Branch Banking and Trust Co.
FPA Multifamily Acquires Atlanta Community for $30M
Barclay at Dunwoody is a 204-unit apartment community in Dunwoody, Ga. Built in 1990, the community is near Perimeter Mall, which features 6 million square feet of retail.
MORGAN Enters Phoenix Market with Luxury Asset
The 474-unit Pearl Biltmore will feature studios and one-, two- and three-bedroom floorplans, as well as several loft-style units. Construction is set to begin in 2018, with completion scheduled for 2019.
Century West Partners Completes NEXT on Sixth in LA
Century West Partners is a joint venture of Fifield Cos. and Cypress Equity. NEXT on Sixth marks the second recently completed development of the joint venture in Koreatown.
CBC Brokers Sale of 3 Historic SLC Communities
Multifamily investors continue to show interest and confidence in the area’s apartment market. Strong demand resulted in multiple offers for all three assets.
Meridian Sells Brooklyn Community for $18M
The firm sold the 60-unit, post-war building to S. Antonio Realty. The average unit size is 1,050 square feet.