Cities
Soho Properties Launches Sales at 45 Park Place
Construction broke ground on the 50-unit luxury condominium tower in June 2016, and the project is slated for completion in early 2019. Stribling Marketing Associates will lead the sales and marketing efforts for the property.
Berkadia Closes $12M Hollywood Community Sale
This is the first time the 72-unit property has traded in more than 40 years. Since most units lacked kitchens, the property was challenging to finance by conventional lenders.
29SC Acquires Second San Marcos Student Housing
The acquisition of the 488-bed property brings the company’s San Marcos multifamily portfolio to approximately 1,000 beds. The company plans to invest $1 million in capital improvements.
Investcorp, TruAmerica Buy $98M Orlando Portfolio
The JV acquired a 708-unit, two-property portfolio and plans an extensive value-add renovation program for both communities.
Mixed-Use Project Opens in Downtown Portland
The Greystar-managed Sky 3 comprises 196 units, of which 39 will remain affordable for at least 10 years. The community also offers a 13,000-square-foot retail space.
Steadfast REIT Snags Dallas-Area Community for $44M
The 300-unit Point at Vista Ridge, which is 94 percent occupied, will be conducting an apartment overhaul as part of the company’s value enhancement strategy.
Affordable Housing Finance Veteran Joins Jonathan Rose
As West Coast director, Kelly Boyer will work with the company’s New York-based acquisitions team, sourcing new investment opportunities on the West Coast, including direct investments and joint ventures, as well as managing operating partner relationships.
LMC Kicks Off Pre-Leasing at Seattle Development
The mixed-use community in the Capitol Hill neighborhood includes 157 units and 2,500 square feet of ground-floor retail space.
JV Opens $30M Workforce Housing in Sacramento
The 77-unit West Gateway Place, co-developed by Jamboree and the West Sacramento Housing Development Corp., is designed to achieve a LEED Silver certification.
Silverback Condo Conversion a Tall Order in Brooklyn
The development company will shepherd the conversion of a 29-story residential tower in New York City’s Brooklyn Heights, making it the tallest condo building in the neighborhood.