Cities
CBRE Sets Up Bay Area Multifamily Practice
Executive Vice Presidents Matt Kroger and Jef Henderson will lead the new team and focus on investment property and land sales for institutional and private owners.
SALT Launches $275M Mixed-Use Development
Hardware District in Salt Lake City will comprise four buildings, 466 luxury units and 260,000 square feet of office space. The two residential properties are scheduled for completion in February and August of 2018.
Detroit: Far From Singing the Blues
Despite numerous headwinds, the city is gamely bouncing back, thanks to concerted efforts by public and private sources to bring commerce and households back to the area.
Thinking Outside the 350-SF Box
National Apartment Association members convened at the group’s recent Education Conference to address key topics, from maximizing ROI through design to cultivating the next generation of talent.
Berkadia Closes Sale of Student Housing Assets for $146M
The properties include Ava University District, a 289-unit community, near the University of Washington, and Fullerton University Village, a 100-unit community near California State University.
George Smith Secures $27M for Hollywood Community
Massie Capital and Glenn & Shannon Dellimore plan to refinance an older acquisition loan and fund further renovations, as well as the off-market acquisition of an adjacent property.
J Street Lands Dupont Circle Site for Condo Project
The developer plans to build The Pacifica, a nine-unit luxury community in Washington, D.C. In partnership with the Dupont Circle Citizens’ Association, the company is offering the historic buildings currently on the site for free.
Unveiled: Brook Avenue Apartments in the Bronx
Yuco Real Estate Co.’s $25 million, 66-unit development was financed under Mayor De Blasio’s Housing New York plan.
Texas Multifamily Portfolio Lands $77M Refi
The portfolio was refinanced over the course of six months, with Walker & Dunlop Vice President Dough Hart leading the origination team. The 10-year term Fannie Mae loans have 30-year amortization schedules.
Baltimore Community Lands $73M HUD Construction Loan
The 317-unit Berkleigh in Middle River is part of Baltimore Crossroads @ 95, a large-scale project that will encompass office space, retail, two hotels, 1,000 homes and two multifamily properties.