Cities
Wood Partners Breaks Ground on 298-Unit Development
The developer is building a community in Chapel Hill, N.C., with leasing expected to begin next summer. Alta Blu will include 5,000 square feet of office space.
Carrfour Secures Grant to House Homeless Vets
The not-for-profit affordable housing developer received the financing from The Home Depot Foundation’s Veteran Housing Grants Program to fund Liberty Village in Miami’s Liberty City neighborhood.
Historic DTLA Mixed-Use Scores $32M Refi
Quantum Capital Partners secured the 10-year interest-only, non-recourse loan for the Metropolitan. The adaptive reuse offers 88 high-end loft units and 45,000 square feet of retail space.
Tech Scene Stays Hot, Rent Growth Cools in San Jose
Silicon Valley is the nation’s largest tech hub, a top-performing venture capital market and one of the most prominent locations for startups.
CBRE Global Investors Fund Lands $51M Denver-Area Asset
Viridian at the Gardens on Havana is a 227-unit property located in Aurora. ARA Newmark worked on behalf of AIG Global Real Estate and Post Investment Group, partners in trading the recently constructed Class A community.
Walker & Dunlop Originates $34M Loan for CA Affordable Asset
The loan will be used to finance Campus Oaks Phase I, an affordable community in suburban Sacramento. Walker & Dunlop worked on behalf of The Canel Cos.
HFF Secures $15M Loan for Phoenix Property
Park 28 is a 152-unit luxury community. Pure Multi-Family REIT purchased the community in June for a price tag of almost $30 million.
Bainbridge Begins Leasing at Coral Springs Community
The recently completed property provides a wide array of amenities, including a swimming pool surrounded by sun decks and cabanas.
EdR’s CEO on Standing Out in Student Housing
Randy Churchey details how his REIT leverages public-private partnerships with universities seeking to expand accommodations and control costs. Featuring a slideshow!
Ridge Capital, Andell JV Snags Sacramento Community
The Class B property traded for $22.4 million and is located in a submarket with a 13.7 percent year-over-year rent increase, almost seven times the national rate.