Cities
CBRE Facilitates $19M Sale of OR Community
The company represented the seller, Barclay Cascade investors LLC in the transaction. The property’s average monthly rent was $1,204 as of September.
Top 10 Largest Chicago Submarkets by Sales Volume
In the first three quarters of 2017, several Chicago submarkets exceeded $100 million in multifamily transactions. Core city areas remain at the top of the list, tallying more than half a billion dollars in sales during the same time period.
Breaking Ground Opens 1st Affordable Community
Designed by COOKFOX Architects, Park House is an $86 million, 248-unit project in the Bronx, built to accommodate low- and very low-income families.
JV Lands $215M for NYC Condos
Cape Advisors, Strategic Real Estate and Forum Absolute Capital Partners scored financing from Eastern Consolidated’s Capital Advisory Division for the development in Manhattan’s Special Hudson Square Zoning District.
Inland Empire Shows Strength
Backed by a booming industrial market, the metro added 48,000 jobs in the 12 months ending in July. Apartment deliveries have been slow throughout the cycle, but that is likely to increase as demand continues to push rents higher.
HFF Provides $17M Loan for SF Community
Local Capital Group received the loan for the development of 901 Tennessee, a class A asset in San Francisco’s Dogpatch neighborhood.
RADCO Acquires 336-Unit Orlando Community
The company bought Radius Winter Park for $36 million and plans to spend up to $5 million on capital improvements to modernize the community.
Origin Buys Upscale Community in Atlanta
The apartment community is located in Atlanta’s busy Poncey-Highland neighborhood and features 20,000 square feet of ground-floor retail. The company plans to add more units and an office, on the adjacent land parcel.
MG Properties Buys 321-unit Senior Community
The senior housing community is located in close proximity to major employers such as Microsoft, AT&T, Nintendo and Expedia. CBRE worked on behalf of the seller.
Santa Ana Asset Trades for $20M
Marcus & Millichap announced the sale of Sherry Lane Garden Homes. The 62-unit apartment traded for $19.8 million.