Cities
Tampa Luxury Condo Tower Breaks Ground
The 24-story Virage is slated for completion by 2019 and prices range between $1 million and $5 million. The sales team has already signed more than $75 million worth of contracts.
M&C Snaps Up $56M Orlando Luxury Community
Completed in 2017 by Wood Partners, the 312-unit Alta at Eastmar Commons encompasses 14 three-story apartment buildings, as well as a two-story clubhouse.
HFF Arranges Class A Community Sale in Houston
GPI Real Estate Management Corp. bought this one- and two-bedroom apartment community located in the heart of Houston’s Energy Corridor. HFF arranged the transaction.
PA Community Lands $32M Refi
Managed by Paradigm Properties Group, Deerfield Commons is located in Central Pennsylvania. The loan includes two years of interest-only payments followed by a 30-year amortization schedule.
Jefferson Apartment Group Acquires Suburban Boston Asset
One Upland, in Norwood, Mass., includes 262 units. The property was built by Campanelli and Thorndike Development in 2016.
Work Underway on CA Ventures’ Phoenix Community
The first of three phases of The LINK PHX is a 30-story mixed-use structure that will feature 257 apartments and 7,000 square feet of retail space, half of which will be reserved for start-ups, not-for-profit enterprises and artists.
240-Unit Orlando Community Trades for $30M
Beachwold Partners acquired the multifamily property located in Davenport, Fla. VennPoint Real Estate was the seller and CBRE arranged the transaction.
Top 4 Multifamily Marketing Trends
At NMHC’s OPTECH Conference & Exposition in Las Vegas, executives discussed the current trends in the industry and what property managers should be utilizing to obtain and retain residents.
Detroit’s Slow Acceleration
The metro is on the verge of an economic turnaround, largely due to its broad-based employment growth. This restoration is reflected in the local multifamily market’s improving fundamentals, as well.
Meridian Secures $24M Refi for Miami Asset
Originated by a New York-based balance sheet lender, the fixed-rate mortgage features a seven-year term and a rate of 3.75 percent. Meridian worked on behalf of the owner, PMC Property Group.