Cities
Construction Underway on San Antonio Apartments
SC Bodner’s project will transform an obsolete site along San Antonio’s popular Riverwalk into an upscale rental property complete with 220 luxury apartments.
Bay Area Affordable Veterans Housing Breaks Ground
Community Development Partners began construction on the $21 million project slated for completion by year-end. The innovative project’s structure will comprise modified steel shipping containers.
Marcus & Millichap Closes Sale of TX Assisted Living Community
The 87-unit, 95-bed assisted living and memory care community offers studio, one- and two-bedroom apartments ranging from 365 to 864 square feet.
BRT Nabs 3 St. Louis Luxury Communities
Through joint venture partnerships, the REIT purchased Vanguard Heights, The Tower at OPOP and The Lofts at OPOP for some $75 million. Meridian Capital Group arranged financing for all three acquisitions.
Hudson Cos. Picks Architect for Latest Brooklyn Development
CetraRuddy will design the 250-unit community located in Prospect Lefferts Gardens, which will also include 6,000 square feet of ground-floor retail space.
Walker & Dunlop Taps New SVP
Matt Naish brings affordable housing expertise following his tenure with Berkeley Point Capital and HUD.
Torchlight Provides $80M Refi for Suburban Chicago Community
The firm recapitalized 500 Station, a 417-unit asset in Aurora, Ill., with senior and mezzanine financing. Aurora is connected by local shuttle to the Route 59 commuter rail station, which offers express service to central Chicago.
ASC Arranges Financing for Chicago Multifamily Asset
Winthrop Place, located in Edgewater, will benefit from a $1.5 million refinance loan. The 1968-built property consists of 16 studios and 41 one-bedroom units.
Mill Creek Begins Construction on Dallas Luxury Apartments
In a joint venture with Abington Properties, the company secured construction financing with UMB Bank for the six-story, 190-unit upscale community.