Cities
RealtyShares Closes $12M Loan for Seattle Student Housing
The 10-property portfolio is located near the University of Washington, in one of the fastest growing housing markets in the U.S. The acquisition marks the company’s largest commercial real estate debt transaction to date.
Cushman & Wakefield to Market NYC Beaux-Arts Community
Measuring 42 feet wide, the building initially housed 14 families and their servants. Later converted to a hotel, the structure was reconverted to an apartment building in 1964.
Miller Construction Completes $21M FL Community
The 40-unit Sereno at Bay Harbor Islands was co-developed by Integra Investments and 13th Floor Investments. Designed by Corwil Architects, the property features a curving structure to maximize waterfront views.
5 Cap Launches Investment Program with $60M Buy
The acquisitions are in line with the new national investment venture’s strategy to pump more than $1 billion into assets under management, focusing on purchasing and operating value-add residential properties.
Liv URBN Tops Off Phoenix Condo Property
Contour on Campbell, the city’s newest condominium community, is closer to completion. The company plans to welcome first residents early next year.
Dallas Community Lands $14M Refi
The 12-year term Fannie Mae loan originated by Dougherty Mortgage LLC and Old Capital Lending has a 30-year amortization schedule. The 27-building community features studios, one- and two-bedroom apartments.
SkyHouse Uptown South Tower to Open in Charlotte, NC
Novare Group and Batson-Cook Development Co. are nearing completion of the community’s second phase. The 24-story building will open June 22.
The Positive Impact of the Interest Rate Hike
CityView’s Sean Burton discusses the effect of an increased supply of multifamily units and explains why higher interest rates could spur more development.
29SC Expands Into Sacramento With 110-Unit Community
The company plans to spend $1.3 million in capital improvements in the property located in Citrus Heights, Calif., a submarket with a more than 8 percent rental rate growth.
DC Asset Changes Hands for $3.5M
Marcus & Millichap closed the sale of Gresham House, a 15-unit community in the Columbia Heights neighborhood of Washington, D.C. The property includes 3,358 square feet of retail and office space.