Cities
$14M Affordable Housing Opens in Chicago
A joint venture has opened Harvest Homes, the first new housing of this type to be built in the East Garfield Park neighborhood in more than 30 years.
TruAmerica JV Acquires $90M San Diego Community
The 519-unit Eagles Point in Escondido, Calif., comprises studio, one- and two-bedroom floorplans ranging from 440 to 995 square feet. The community will undergo TruAmerica’s largest renovation plan in company history.
RD Olson Breaks Ground on 4th Affordable Community
The general contracting firm is building a 55-unit affordable housing asset in Fullerton, Calif. IDS Group serves as the architect and Related California is the developer.
JV Wraps Up NYC Mixed-Income Community Makeover
Nelson Management Group and L+M Development Partners have completed a complex, four-year renovation of the 318-unit Promenade Apartments in the Bronx.
Philadelphia Portfolio Lands $35M Refi
Meridian Capital arranged the financing on behalf of Lindy Communities for six buildings. One of the largest properties is the 111-unit Academia Suites.
Greystone Taps New Atlanta Managing Director
Michael Doran, a 20-year commercial real estate veteran, will now focus on originating mid- to large-size transactions for permanent, bridge and construction multifamily debt.
Fort Worth Luxury Development Lands Construction Loan
Talos Holdings plans to break ground this month on a new 300-unit luxury community in Fort Worth, Texas. The development is scheduled for completion by the end of 2018.
$300M Miami Beach Condos Top Out
A joint venture’s 425-unit development, The Harbour, reached new heights as its two towers hit 32 stories, seven higher than the original plan called for.
Toro Real Estate Acquires Assets in AL, TN
The firm purchased an apartment community in Mobile, Ala., and a student housing property in Clarksville, Tenn.
Continental Partners Secures $19M for L.A. Assets
The capital will finance development, refinancing and acquisition of properties in the Westlake and East Hollywood neighborhoods.