Cities
Fund Completes Sale of Chelsea Commons
Timbercreek U.S. Multi-Residential Opportunity Fund #1 sold a 250-unit community in Chapel Hill, N.C.
HFF Secures $26M Loan for Nevada Apartment Community
The company secured financing through Freddie Mac’s CME Program.
Peak Campus Expands California Management Portfolio
The company has been awarded property management position for Campus Edge, a community serving students at Fresno State University.
Housing Trust Group Names New COO
Scott Osman will oversee all of HTG’s real estate development, construction, property management, asset management, accounting and finance functions.
Newmark Structures $325M Capital Stack for Development
The 41-story, mixed-use tower will include 339 apartments, 142 hotel rooms and 1,824 square feet of ground-floor commercial space in Seattle.
Avison Young Lands Financing for Luxury NY Community
The firm secured a $28.6 million acquisition loan for the 124-unit multifamily community in White Plains, N.Y.
NoVa Community Trades for $10M
The previous owner of the 66-unit property invested about $1 million in renovations prior to the sale.
JBG Debuts Central Place Residences in DC-Area
The 17,000-square-foot public plaza is anchored by three high-speed elevators that provide direct access to the Rosslyn Metro station.
Ft. Lauderdale’s Tallest Building Tops Off
The luxury residential project is expected to be completed in July 2017.
Brooklyn Portfolio Set for Rehab
BEC II is the second phase of an affordable housing preservation project developed by a partnership between Hudson Properties and BEC New Communities.