Cities
PRP Sells Class A Property for $44M in Atlanta
Perseus Realty Partners completed the disposition of Ansley at Princeton Lakes, selling it for $43,5 million. The property is ten minutes away from Hartsfield-Jackson International Airport.
Chicago’s Woodlawn: A Success Story in the Making
In the last few years, the long-struggling neighborhood has seen robust construction activity in the housing and retail sectors. Nonprofit developer POAH together with the city of Chicago have initiated a series of affordable housing projects meant to transform the community and trigger other residential, educational and cultural developments.
Peak Campus Appoints New Regional VP
The company has chosen Tami Finan as the newest member of its operations team, where she will oversee a portfolio of more than 25 student housing assets.
JV Acquires $41M CO Community
The 280-unit Lamplight Square at the Park is located in Colorado Springs. Griffis/Blessing plans to upgrade unit interiors, as well as the outdoor/indoor pool and the fitness area.
Jamestown Nabs $145M for Manhattan Apartments
Capital One provided the loan for 88 Leonard St., a 21-story, 352-unit luxury building located in Manhattan’s Tribeca neighborhood.
South Salt Lake City Property Trades for $67M
On behalf of a private investor, Marcus & Millichap arranged the sale of Lionsgate, a 15-building multifamily property in Murray, Utah. The 400-unit asset is located within minutes of Interstate 15.
Employment Gains Spur Growth in Philadelphia
An evolving wage structure, influx of young professionals and boom in hospitality and development are helping the city’s multifamily market keep its head above water.
South Dallas Community Snags $10.5M Refi
Justin Laub of Metropolitan Capital Advisors secured a 12-year term Fannie Mae loan for La Hacienda Apartments. The 16-building asset offers convenient access to and from interstates 20 and 35.
Atlanta-Area Community Trades in $47M Deal
The Reserve at Johns Creek Walk centers on a divided median boulevard, designed to evoke an old downtown with 20th century-style architecture.
ARA Adds New SVP to Chicago Team
James Mitchell, who brings with him 30 years of experience in real estate, will be responsible for overseeing the firm’s sales and client relationships.