Cities
Phoenix Asset Changes Hands for $40M
Mountain Park is located in Ahwatukee Foothills, offering residents job opportunities along the West Chandler employment corridor.
Winds of Change Buffet Chicago Multifamily
At the Lincoln Park Builders of Chicago Real Estate Forum, panelists shared insights on what’s next for the city’s development market.
Dougherty Arranges Refi for 77-Unit Community in Ohio
The national mortgage banking firm closed a Fannie Mae loan for Legends Pointe in Canton, Ohio. Dougherty’s Minneapolis office worked for borrower Legends Pointe Apartments.
LA Community Sells for $16M
Transwestern brokered the sale on behalf of the seller, a private investor and also represented the buyer, Winstar Properties Inc., in the off-market transaction.
Electra America Snags 6th San Antonio Community
The company has purchased the 366-unit Firewheel Apartments, located in the North Hampton neighborhood. Berkadia’s South Florida team arranged the financing.
Dougherty Closes $34M Loan for Affordable MN Development
Named 1500 Nicollet, the planned 183-unit community in Minneapolis will include 5,500 square feet of retail space.
Greystone Refinances Philly Property for $20M
West Village in West Philadelphia received three Freddie Mac small-balance loans. The 86-unit community features townhome-style duplexes.
The Warner Center Brings 2 Luxury Projects to LA
The buildings, dubbed Q East and Q West, will each have a rooftop deck, fitness center and yoga studio, indoor/outdoor poolside club/lounge, gourmet teaching kitchen and outdoor lounge with TV screens and fireplace.
TGM Expands Chicago-Area Holdings
Built in 1991, Crossings at Danada, in Wheaton, Ill., is a 600-unit garden-style community that spans 27 buildings.
Lee & Associates Closes $7M Sale in Phoenix
Two apartment communities located in northern Phoenix traded among private investors. The properties comprise 44 units.