Cities
MCA Secures Houston Memory Care Construction Loan
MCA has secured a $7.1 million loan for the project, which will feature 90 beds and a community center. Guidon Building Solutions will develop the facility in two phases.
PAH Breaks Ground on $33M Silicon Valley Affordable Housing
Eagle Park Apartments will be a 67-unit community which will house low-income veterans and households earning up to 60 percent of the Santa Clara County area median income.
Passco Acquires $50M Luxury Community
The company is expanding its footprint with a new Class A, luxury community, located near Tampa Bay and major area employers.
Downtown DC Project Lands $170M in Financing
Portals Residential Phase V Building will feature 373 rental apartments, a sky terrace, an infinity pool, state-of-the-art fitness facility, as well as a rooftop walkway around the building.
Greystone Appoints 2 Managing Directors in Chicago
William Montana and Christopher Sackley will coordinate the firm’s multifamily sales advisory efforts in the Midwest and report to President Jim McDevitt.
South Side Chicago Affordable Housing Completed
Brinshore Development’s Park Place includes 78 units within West Elsdon’s Back of the Yards neighborhood. McShane Construction worked as the contractor and provided all site work.
Marcus & Millichap Sells Indianapolis Community
Built in 1980, the one-story building is located near Memorial Hospital, a major employer in the area. The community was 100 percent occupied as of May.
Calvera Partners Begins National Expansion
The community is located in downtown Minneapolis, in close proximity to city landmarks. The company plans to upgrade and rebrand the property.
Decron, Sequoia Trade CA Assets in $193M Transaction
Sequoia traded The Villas and Overlook, located in the 4,000-acre master-planned community of Wood Ranch, for Decron’s Broadstone at Strawberry Creek. Institutional Property Advisors represented both companies.
JVM Realty Renovates 4 Suburban Cleveland Communities
Makeovers are underway at the 366-unit Royal Oaks Apartments in North Royalton, the 300-unit Dover Farms in North Royalton, the 261-unit Butternut Ridge in North Olmsted and the 258-unit Hidden Lake Apartments in Stow.